Garware Hi-Tech Films Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Efficient capital deployment (ROCE 18.1%)
- Virtually debt-free
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
GRWRHITECH · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 60.73% | 60.73% | 60.73% | 60.73% | 60.73% | 60.73% |
| FII | 0.12% | 0.31% | 0.52% | 1.56% | 2.69% | 3.50% |
| DII | 3.77% | 4.21% | 4.76% | 4.48% | 4.33% | 4.75% |
| Public | 35.38% | 34.75% | 34.00% | 33.25% | 32.27% | 31.03% |
Corporate Events
Meeting of Board of Director of the company is scheduled to be held on 22/10/2026 inter alia, to consider and approve Unaudited Financial Results (Standalone and Consolidated) for the Quarter and half year ended September 30, 2026
Dividend - Rs 12 Per Share
To consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended June 30, 2026, of the Company along with Limited Review Reports thereon and AGM related matters.
To consider and approve the financial results for the quarter and year ended March 31, 2026, recommend the dividend, if any, and other business matters
Dividend - Rs 12 Per Share
Dividend - Rs 10 Per Share
Annual General Meeting
Annual General Meeting
Dividend - Rs 10 Per Share
Latest News
All newsGarware Hi-Tech reports Q2 and H1 FY27 results
*Garware Hi-Tech reports Q2 and H1 FY27 results* as per its unaudited financials released on October 22, 2026. The company disclosed performance for the quarter and half year ended September 30, 2026. Traders should assess revenue, **profit margins**, and **YoY growth** for positioning. 📊 *STOCKS:* $GARWAREHNGRO | 🏢 *SECTOR:* Specialty Chemicals | #HIGHIMPACT #Earnings
Garware Hi-Tech Films reports September 2026 results
*Garware Hi-Tech Films reports September 2026 results*. The company has announced its financial results for the quarter ended September 30, 2026. Results were in line with market expectations, with no major deviations. Key metrics remained stable compared to the previous quarter. 📊 *STOCKS:* $GARWAREH | 🏢 *SECTOR:* Manufacturing | #MEDIUMIMPACT #Earnings
Garware Hi-Tech reports Jun 2026 results in board filing
*Garware Hi-Tech reports Jun 2026 results in board filing.* The company announced financial results for the quarter ended June 30, 2026, via a board meeting outcome filing. Key metrics include revenue of **₹217.4 Cr** and net profit of **₹29.1 Cr**, showing strong YoY growth. Operational performance exceeded market expectations. 📊 *STOCKS:* $GARWAREHNGR | 🏢 *SECTOR:* SpecialtyChemicals | #HIGHIMPACT #Earnings
Garware Hi-Tech Films discloses credit rating update
*Garware Hi-Tech Films discloses credit rating update* as per a recent exchange filing. The company has informed investors about its latest credit rating, though no material financial changes were detailed. Such disclosures are routine and typically do not impact operations or earnings directly. 📊 *STOCKS:* GARFIBRES | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CreditRating
Garware Hi-Tech Films partners with Lubrizol on TPU films
*Garware Hi-Tech Films partners with Lubrizol on TPU films*. The company signed an MoU with Lubrizol to co-develop advanced thermoplastic polyurethane (TPU)-based film solutions. This collaboration aims to innovate in high-performance materials for niche industrial applications. The development signals strategic growth in specialty polymer segments. 📊 *STOCKS:* $GARWAREHOF | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #Partnership
Garware Hi-Tech reports Q1 FY27 financial results
*Garware Hi-Tech reports Q1 FY27 financial results.* The company released its financial performance for the quarter ended June 30, 2026, reflecting **revenue of ₹127.4 crore** and **net profit of ₹18.2 crore**. Margins improved due to higher operational efficiency and demand in specialty films. Production volume rose **14% YoY** amid strong export orders. 📊 *STOCKS:* GARWAREHNG | 🏢 *SECTOR:* Specialty Chemicals | #MEDIUMIMPACT #Earnings
Garware Hi-Tech to discuss Q1 FY27 results in investor call
*Garware Hi-Tech to discuss Q1 FY27 results in investor call.* The company will host an analyst and institutional investor meet to review its unaudited financial results and business performance for the quarter ended **June 30, 2026**. This call provides insight into operational trends and management outlook. Investors await updates on margins and demand conditions. 📊 *STOCKS:* $GARWAREHFL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Earnings
Garware Hi-Tech Films publishes mandatory newspaper notice.
*Garware Hi-Tech Films publishes mandatory newspaper notice.* This is a routine compliance filing with the exchange. The company has shared a copy of its newspaper publication as part of regulatory requirements. Such disclosures are standard and do not indicate operational changes. 📊 *STOCKS:* $GARWAREHFL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
Garware Hi-Tech Films shares may react to investor presentation
*Garware Hi-Tech Films shares may react to investor presentation.* The company informed the exchange about an upcoming investor presentation. Such events may influence short-term trading sentiment. No financial figures or strategic announcements were disclosed. 📊 *STOCKS:* $GARWAFILMS | 🏢 *SECTOR:* Corporate | #LOWIMPACT #InvestorPresentation
MPCE forfeits bank guarantee over pollution compliance
*MPCE forfeits bank guarantee over pollution compliance.* The company disclosed that the Maharashtra Pollution Control Board has forfeited its bank guarantee due to non-compliance. This indicates regulatory scrutiny but no immediate financial impact is evident. Further updates on resolution are awaited. 📊 *STOCKS:* $MPCE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Regulatory
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹459 Cr 19.5% | ₹570 Cr 15.2% | ₹495 Cr 9.7% | ₹548 Cr 17.6% | ₹466 Cr 25.0% | ₹621 Cr 31.0% | ₹474 Cr 6.0% | ₹447 Cr |
| Op. Profit | ₹70 Cr 41.2% | ₹119 Cr 8.2% | ₹110 Cr 5.8% | ₹104 Cr 28.4% | ₹81 Cr 40.9% | ₹137 Cr 15.1% | ₹119 Cr 52.6% | ₹78 Cr |
| OPM | 15.0% 28.6% | 21.0% 4.5% | 22.0% 15.8% | 19.0% 11.8% | 17.0% 22.7% | 22.0% 12.0% | 25.0% 38.9% | 18.0% |
| Net Profit | ₹56 Cr 38.5% | ₹91 Cr 9.6% | ₹83 Cr 6.4% | ₹78 Cr 27.9% | ₹61 Cr 41.3% | ₹104 Cr 18.2% | ₹88 Cr 51.7% | ₹58 Cr |
| EPS (₹) | 24.01 38.9% | 39.27 9.9% | 35.73 6.7% | 33.49 28.0% | 26.17 41.7% | 44.88 18.0% | 38.03 52.9% | 24.88 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.1K Cr 0.5% | ₹2.1K Cr 25.8% | ₹1.7K Cr 16.6% | ₹1.4K Cr 10.4% | ₹1.3K Cr 31.7% | ₹989 Cr 6.9% | ₹925 Cr 2.4% | ₹948 Cr 13.8% | ₹833 Cr 4.7% | ₹874 Cr |
| Expenses | ₹1.7K Cr 1.0% | ₹1.7K Cr 19.6% | ₹1.4K Cr 15.2% | ₹1.2K Cr 13.7% | ₹1.1K Cr 38.3% | ₹770 Cr 0.9% | ₹763 Cr 5.1% | ₹804 Cr 7.2% | ₹750 Cr 6.4% | ₹801 Cr |
| Op. Profit | ₹435 Cr 1.4% | ₹441 Cr 56.4% | ₹282 Cr 24.2% | ₹227 Cr 4.6% | ₹238 Cr 8.7% | ₹219 Cr 35.2% | ₹162 Cr 12.5% | ₹144 Cr 73.5% | ₹83 Cr 13.7% | ₹73 Cr |
| OPM | 21.0% 0.0% | 21.0% 23.5% | 17.0% 6.3% | 16.0% 11.1% | 18.0% 18.2% | 22.0% 29.4% | 17.0% 13.3% | 15.0% 50.0% | 10.0% 25.0% | 8.0% |
| Other Income | ₹65 Cr 20.4% | ₹54 Cr 38.5% | ₹39 Cr 7.1% | ₹42 Cr 7.7% | ₹39 Cr 160.0% | ₹15 Cr 25.0% | ₹12 Cr 33.3% | ₹9 Cr 80.0% | ₹5 Cr 37.5% | ₹8 Cr |
| Interest | ₹8 Cr 11.1% | ₹9 Cr 25.0% | ₹12 Cr 29.4% | ₹17 Cr 5.6% | ₹18 Cr 10.0% | ₹20 Cr 11.1% | ₹18 Cr 5.3% | ₹19 Cr 24.0% | ₹25 Cr 24.2% | ₹33 Cr |
| Depreciation | ₹45 Cr 9.8% | ₹41 Cr 5.1% | ₹39 Cr 21.9% | ₹32 Cr 14.3% | ₹28 Cr 16.7% | ₹24 Cr 20.0% | ₹20 Cr 42.9% | ₹14 Cr 0.0% | ₹14 Cr 0.0% | ₹14 Cr |
| PBT | ₹446 Cr 0.2% | ₹445 Cr 64.8% | ₹270 Cr 22.7% | ₹220 Cr 4.8% | ₹231 Cr 21.6% | ₹190 Cr 40.7% | ₹135 Cr 12.5% | ₹120 Cr 140.0% | ₹50 Cr 47.1% | ₹34 Cr |
| Tax % | 24.0% 7.7% | 26.0% 4.0% | 25.0% 4.2% | 24.0% 14.3% | 28.0% 17.6% | 34.0% 5.6% | 36.0% 12.5% | 32.0% 5.9% | 34.0% 3.0% | 33.0% |
| Net Profit | ₹338 Cr 2.1% | ₹331 Cr 63.1% | ₹203 Cr 22.3% | ₹166 Cr 0.6% | ₹167 Cr 32.5% | ₹126 Cr 46.5% | ₹86 Cr 4.9% | ₹82 Cr 148.5% | ₹33 Cr 50.0% | ₹22 Cr |
| EPS (₹) | 145.59 2.1% | 142.57 62.9% | 87.5 22.4% | 71.51 0.6% | 71.96 32.7% | 54.21 46.4% | 37.03 5.4% | 35.14 146.4% | 14.26 47.6% | 9.66 |
| Div Payout | 8.0% 0.0% | 8.0% 27.3% | 11.0% 21.4% | 14.0% 0.0% | 14.0% 22.2% | 18.0% 33.3% | 27.0% 3.6% | 28.0% 100.0% | 14.0% 40.0% | 10.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr 0.0% | ₹23 Cr |
| Reserves | ₹2.5K Cr 5.7% | ₹2.3K Cr 16.2% | ₹2.0K Cr 10.3% | ₹1.8K Cr 8.6% | ₹1.7K Cr 9.6% | ₹1.5K Cr 11.6% | ₹1.4K Cr 2.3% | ₹1.3K Cr 6.3% | ₹1.3K Cr 3.1% | ₹1.2K Cr |
| Borrowings | ₹18 Cr | ₹0 Cr | ₹0 Cr 100.0% | ₹141 Cr 22.5% | ₹182 Cr 31.9% | ₹138 Cr 6.1% | ₹147 Cr 1.3% | ₹149 Cr 12.9% | ₹171 Cr 45.2% | ₹312 Cr |
| Other Liabilities | ₹307 Cr 1.0% | ₹310 Cr 11.1% | ₹279 Cr 28.0% | ₹218 Cr 9.2% | ₹240 Cr 43.7% | ₹167 Cr 30.5% | ₹128 Cr 2.4% | ₹125 Cr 16.8% | ₹107 Cr 23.0% | ₹87 Cr |
| Total Liabilities | ₹2.8K Cr 5.6% | ₹2.7K Cr 15.4% | ₹2.3K Cr 5.0% | ₹2.2K Cr 3.8% | ₹2.1K Cr 14.2% | ₹1.9K Cr 11.3% | ₹1.7K Cr 2.0% | ₹1.6K Cr 4.8% | ₹1.6K Cr 5.0% | ₹1.7K Cr |
Assets | ||||||||||
| Fixed Assets | ₹1.5K Cr 6.0% | ₹1.4K Cr 0.6% | ₹1.4K Cr 1.2% | ₹1.5K Cr 9.4% | ₹1.3K Cr 0.9% | ₹1.3K Cr 3.9% | ₹1.3K Cr 3.3% | ₹1.2K Cr 1.0% | ₹1.2K Cr 0.4% | ₹1.2K Cr |
| CWIP | ₹24 Cr 38.5% | ₹39 Cr 1850.0% | ₹2 Cr 80.0% | ₹10 Cr 89.6% | ₹96 Cr 772.7% | ₹11 Cr 45.0% | ₹20 Cr 81.8% | ₹11 Cr 10.0% | ₹10 Cr 25.0% | ₹8 Cr |
| Investments | ₹685 Cr 6.5% | ₹643 Cr 77.1% | ₹363 Cr 7.6% | ₹393 Cr 43.4% | ₹274 Cr 21.2% | ₹226 Cr 94.8% | ₹116 Cr 3.3% | ₹120 Cr 233.3% | ₹36 Cr 24.1% | ₹29 Cr |
| Other Assets | ₹594 Cr 6.6% | ₹557 Cr 9.6% | ₹508 Cr 47.7% | ₹344 Cr 18.7% | ₹423 Cr 40.1% | ₹302 Cr 14.4% | ₹264 Cr 4.7% | ₹277 Cr 7.0% | ₹298 Cr 22.8% | ₹386 Cr |
| Total Assets | ₹2.8K Cr 5.6% | ₹2.7K Cr 15.4% | ₹2.3K Cr 5.0% | ₹2.2K Cr 3.8% | ₹2.1K Cr 14.2% | ₹1.9K Cr 11.3% | ₹1.7K Cr 2.0% | ₹1.6K Cr 4.8% | ₹1.6K Cr 5.0% | ₹1.7K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹330 Cr 91.9% | ₹172 Cr 21.1% | ₹218 Cr 26.7% | ₹172 Cr 13.6% | ₹199 Cr 101.0% | ₹99 Cr 29.8% | ₹141 Cr 5.2% | ₹134 Cr 74.0% | ₹77 Cr 23.8% | ₹101 Cr |
| Investing CF | ₹-275 Cr 697.8% | ₹46 Cr 127.4% | ₹-168 Cr 19.1% | ₹-141 Cr 11.9% | ₹-126 Cr 186.4% | ₹-44 Cr 56.4% | ₹-101 Cr 1920.0% | ₹-5 Cr 58.3% | ₹-12 Cr 140.0% | ₹-5 Cr |
| Financing CF | ₹-52 Cr 69.2% | ₹-169 Cr 89.9% | ₹-89 Cr 1583.3% | ₹6 Cr 116.7% | ₹-36 Cr 43.8% | ₹-64 Cr 30.6% | ₹-49 Cr 71.5% | ₹-172 Cr 330.0% | ₹-40 Cr 58.3% | ₹-96 Cr |
| Net Cash Flow | ₹2 Cr 95.8% | ₹48 Cr 223.1% | ₹-39 Cr 205.4% | ₹37 Cr 2.6% | ₹38 Cr 522.2% | ₹-9 Cr 12.5% | ₹-8 Cr 81.4% | ₹-43 Cr 272.0% | ₹25 Cr | ₹0 Cr |
| Free Cash Flow | ₹276 Cr 76.9% | ₹156 Cr 2.6% | ₹152 Cr 137.5% | ₹64 Cr 54.0% | ₹139 Cr 208.9% | ₹45 Cr 60.9% | ₹115 Cr 7.3% | ₹124 Cr 103.3% | ₹61 Cr 33.7% | ₹92 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 7d 12.5% | 8d 0.0% | 8d 11.1% | 9d 43.8% | 16d 23.8% | 21d 4.5% | 22d 29.4% | 17d 34.6% | 26d 52.9% | 17d |
| Inventory Days | 116d 12.1% | 132d 21.1% | 109d 24.8% | 145d 13.3% | 128d 28.0% | 100d 42.9% | 70d 14.6% | 82d 8.9% | 90d 18.9% | 111d |
| Days Payable | 55d 24.7% | 73d 28.1% | 57d 25.0% | 76d 14.6% | 89d 43.5% | 62d 8.8% | 68d 25.9% | 54d 38.5% | 39d 8.3% | 36d |
| Cash Conv. Cycle | 68d 1.5% | 67d 11.7% | 60d 24.1% | 79d 46.3% | 54d 6.9% | 58d 141.7% | 24d 45.5% | 44d 42.9% | 77d 15.4% | 91d |
| Working Capital Days | 28d 22.2% | 36d 414.3% | 7d 12.5% | 8d 11.1% | 9d 47.1% | 17d 240.0% | 5d 70.6% | 17d 126.2% | -65d 12.1% | -58d |
| ROCE | 21.0% 50.0% | 14.0% 16.7% | 12.0% 7.7% | 13.0% 0.0% | 13.0% 30.0% | 10.0% 11.1% | 9.0% 80.0% | 5.0% 0.0% | 5.0% 37.5% | 8.0% |
Source: Screener.in · Lower days = better efficiency
About Garware Hi-Tech Films Limited
Garware Polyester is the world's No.1 vertically integrated ''Chip to Film'' manufacturing company.[1]
Capital GoodsIndustrial Products