Reported Earnings • May 22
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: ₹20.01 (down from ₹23.32 in FY 2025). Revenue: ₹15.8b (up 2.4% from FY 2025). Net income: ₹1.99b (down 14% from FY 2025). Profit margin: 13% (down from 15% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 5.8%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annuncio • May 13
Garware Technical Fibres Limited to Report Q4, 2026 Results on May 20, 2026 Garware Technical Fibres Limited announced that they will report Q4, 2026 results on May 20, 2026 Annuncio • May 11
Garware Technical Fibres Limited (BSE:509557) announces an Equity Buyback for 1,617,500 shares, representing 1.63% for INR 1,100 million. Garware Technical Fibres Limited (BSE:509557) announces a share repurchase program. Under the program, the company will repurchase up to 1,617,500 shares, representing 1.63% of its share capital for INR 1,100 million. The shares will be repurchased at a price of INR 680 per share. The company has fixed May 20, 2026 as the Record Date for the offer. As of March 31, 2026, the company had 99,265,845 shares in issue. Price Target Changed • Apr 25
Price target decreased by 7.1% to ₹831 Down from ₹895, the current price target is an average from 3 analysts. New target price is 33% above last closing price of ₹627. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₹21.24 for next year compared to ₹23.32 last year. Reported Earnings • Feb 12
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: ₹5.66 (up from ₹4.80 in 3Q 2025). Revenue: ₹3.87b (up 10% from 3Q 2025). Net income: ₹562.2m (up 18% from 3Q 2025). Profit margin: 14% (in line with 3Q 2025). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 118%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Annuncio • Feb 04
Garware Technical Fibres Limited to Report Q3, 2026 Results on Feb 11, 2026 Garware Technical Fibres Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹743, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 22x in the Luxury industry in India. Total returns to shareholders of 21% over the past three years. Major Estimate Revision • Jan 07
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₹16.5b to ₹16.1b. EPS estimate also fell from ₹22.15 per share to ₹19.80 per share. Net income forecast to grow 12% next year vs 24% growth forecast for Luxury industry in India. Consensus price target down from ₹945 to ₹920. Share price fell 2.9% to ₹676 over the past week. New Risk • Nov 13
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Major Estimate Revision • Nov 11
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₹17.1b to ₹16.5b. EPS estimate also fell from ₹25.65 per share to ₹22.15 per share. Net income forecast to grow 5.9% next year vs 21% growth forecast for Luxury industry in India. Consensus price target broadly unchanged at ₹960. Share price fell 4.3% to ₹729 over the past week. Annuncio • Oct 31
Garware Technical Fibres Limited to Report Q2, 2026 Results on Nov 07, 2025 Garware Technical Fibres Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Upcoming Dividend • Aug 19
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 26 August 2025. Payment date: 02 October 2025. Payout ratio is a comfortable 6.4% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.6%). Reported Earnings • Aug 14
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: ₹5.35 (up from ₹4.68 in 1Q 2025). Revenue: ₹3.67b (up 9.2% from 1Q 2025). Net income: ₹530.9m (up 14% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 02
Garware Technical Fibres Limited to Report Q1, 2026 Results on Aug 08, 2025 Garware Technical Fibres Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Annuncio • Jul 30
Garware Technical Fibres Limited, Annual General Meeting, Sep 02, 2025 Garware Technical Fibres Limited, Annual General Meeting, Sep 02, 2025, at 10:30 Indian Standard Time. Annuncio • May 10
Garware Technical Fibres Limited to Report Q4, 2025 Results on May 15, 2025 Garware Technical Fibres Limited announced that they will report Q4, 2025 results on May 15, 2025 Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹4.80 (vs ₹4.25 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.80 (up from ₹4.25 in 3Q 2024). Revenue: ₹3.51b (up 21% from 3Q 2024). Net income: ₹477.7m (up 10% from 3Q 2024). Profit margin: 14% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Annuncio • Feb 03
Garware Technical Fibres Limited to Report Q3, 2025 Results on Feb 10, 2025 Garware Technical Fibres Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Buy Or Sell Opportunity • Jan 02
Now 35% undervalued after recent price drop Over the last 90 days, the stock has fallen 77% to ₹929. The fair value is estimated to be ₹1,433, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹4,592, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 26x in the Luxury industry in India. Total returns to shareholders of 34% over the past three years. New Risk • Nov 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹33.10 (vs ₹25.75 in 2Q 2024) Second quarter 2025 results: EPS: ₹33.10 (up from ₹25.75 in 2Q 2024). Revenue: ₹4.30b (up 31% from 2Q 2024). Net income: ₹659.6m (up 26% from 2Q 2024). Profit margin: 15% (in line with 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 09
Garware Technical Fibres Limited to Report Q2, 2025 Results on Nov 14, 2024 Garware Technical Fibres Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Annuncio • Sep 24
Garware Technical Fibres Limited Announces Cessation of S. P. Kulkarni as Non-Executive Independent Director Garware Technical Fibres Limited announces cessation of S. P. Kulkarni as Non-Executive Independent Director of the Company upon completion of his second term of five consecutive years with effect from close of business hours on 24 September, 2024. The Board of Directors of the Company by passing of the resolution through circulation on Tuesday, 24September, 2024, have reconstituted following Committees of the Board with effect from 25 September 2024 as under: Audit Committee: Dr. S. S. Rajpathak - Chairman; Mr. V. R. Garware – Member; Mr. A. S. Wagle - Member; Mr. Ashish Goel – Member. Nomination & Remuneration Committee: Dr. S. S. Rajpathak - Chairman; Mr. V. R. Garware – Member; Mr. A. S. Wagle - Member; Mr. Ashish Goel – Member. Stakeholder Relationship Committee: Dr. S. S. Rajpathak - Chairman; Mr. V. R. Garware – Member; Mr. A. S. Wagle - Member. Upcoming Dividend • Sep 05
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 12 September 2024. Payment date: 19 October 2024. Payout ratio is a comfortable 2.9% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.5%). Declared Dividend • Aug 19
Dividend reduced to ₹3.00 Dividend of ₹3.00 is 14% lower than last year. Ex-date: 12th September 2024 Payment date: 19th October 2024 Dividend yield will be 0.08%, which is lower than the industry average of 0.4%. Payout Ratios Payout ratio: 3%. Cash payout ratio: 3%. Annuncio • Aug 16
Garware Technical Fibres Limited, Annual General Meeting, Sep 19, 2024 Garware Technical Fibres Limited, Annual General Meeting, Sep 19, 2024, at 10:30 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹23.38 (vs ₹21.08 in 1Q 2024) First quarter 2025 results: EPS: ₹23.38 (up from ₹21.08 in 1Q 2024). Revenue: ₹3.47b (up 6.5% from 1Q 2024). Net income: ₹467.6m (up 8.8% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Annuncio • Aug 02
Garware Technical Fibres Limited to Report Q1, 2025 Results on Aug 08, 2024 Garware Technical Fibres Limited announced that they will report Q1, 2025 results at 12:15 PM, Indian Standard Time on Aug 08, 2024 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹4,076, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 25x in the Luxury industry in India. Total returns to shareholders of 38% over the past three years. Reported Earnings • May 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₹102 (up from ₹83.54 in FY 2023). Revenue: ₹13.7b (up 4.8% from FY 2023). Net income: ₹2.08b (up 21% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Annuncio • May 19
Garware Technical Fibres Limited to Report Q4, 2024 Results on May 27, 2024 Garware Technical Fibres Limited announced that they will report Q4, 2024 results on May 27, 2024 Price Target Changed • May 08
Price target increased by 7.8% to ₹3,950 Up from ₹3,664, the current price target is provided by 1 analyst. New target price is 23% above last closing price of ₹3,209. Stock is up 10% over the past year. The company is forecast to post earnings per share of ₹94.00 for next year compared to ₹83.54 last year. Reported Earnings • Jan 30
Third quarter 2024 earnings released: EPS: ₹21.23 (vs ₹17.74 in 3Q 2023) Third quarter 2024 results: EPS: ₹21.23 (up from ₹17.74 in 3Q 2023). Revenue: ₹3.01b (up 9.5% from 3Q 2023). Net income: ₹432.6m (up 18% from 3Q 2023). Profit margin: 14% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 23
Garware Technical Fibres Limited to Report Q3, 2024 Results on Jan 29, 2024 Garware Technical Fibres Limited announced that they will report Q3, 2024 results on Jan 29, 2024 Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: ₹25.75 (vs ₹23.17 in 2Q 2023) Second quarter 2024 results: EPS: ₹25.75 (up from ₹23.17 in 2Q 2023). Revenue: ₹3.38b (down 4.9% from 2Q 2023). Net income: ₹524.8m (up 9.9% from 2Q 2023). Profit margin: 16% (up from 13% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 31
Garware Technical Fibres Limited to Report Q2, 2024 Results on Nov 06, 2023 Garware Technical Fibres Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Price Target Changed • Sep 29
Price target decreased by 8.4% to ₹3,664 Down from ₹4,000, the current price target is provided by 1 analyst. New target price is 15% above last closing price of ₹3,179. Stock is down 7.0% over the past year. The company is forecast to post earnings per share of ₹94.76 for next year compared to ₹83.54 last year. Upcoming Dividend • Sep 04
Upcoming dividend of ₹3.50 per share at 0.1% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 18 October 2023. Payout ratio is a comfortable 4.2% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.5%). Annuncio • Aug 18
Garware Technical Fibres Limited, Annual General Meeting, Sep 18, 2023 Garware Technical Fibres Limited, Annual General Meeting, Sep 18, 2023, at 10:30 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹21.08 (vs ₹13.67 in 1Q 2023) First quarter 2024 results: EPS: ₹21.08 (up from ₹13.67 in 1Q 2023). Revenue: ₹3.35b (up 10.0% from 1Q 2023). Net income: ₹429.6m (up 52% from 1Q 2023). Profit margin: 13% (up from 9.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 08
Garware Technical Fibres Limited to Report Q1, 2024 Results on Aug 14, 2023 Garware Technical Fibres Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • May 24
Full year 2023 earnings released: EPS: ₹83.54 (vs ₹79.92 in FY 2022) Full year 2023 results: EPS: ₹83.54 (up from ₹79.92 in FY 2022). Revenue: ₹13.3b (up 12% from FY 2022). Net income: ₹1.72b (up 4.5% from FY 2022). Profit margin: 13% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 23
Garware Technical Fibres Limited Recommends Dividend for the Financial Year 2022-23 Garware Technical Fibres Limited recommended a Dividend of INR 3.50/- per share (35%) on 20,378,169 Equity Shares of INR 10/- each, for the financial year 2022-23, for approval by the Members of the Company at ensuing Annual General Meeting. The total dividend for the year (subject to approval by the Shareholders of the Company at ensuing Annual General Meeting) would be INR 71,323,592/- The Dividend will be paid within 30 days from the date it is approved by the Members at ensuing Annual General Meeting of the Company. Annuncio • May 17
Garware Technical Fibres Limited to Report Q4, 2023 Results on May 22, 2023 Garware Technical Fibres Limited announced that they will report Q4, 2023 results on May 22, 2023 Reported Earnings • Feb 10
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: ₹17.74 (down from ₹18.46 in 3Q 2022). Revenue: ₹2.82b (down 8.3% from 3Q 2022). Net income: ₹365.7m (down 3.9% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 02
Garware Technical Fibres Limited to Report Q3, 2023 Results on Feb 09, 2023 Garware Technical Fibres Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 09, 2023 Annuncio • Dec 16
Garware Technical Fibres Limited Announces Resignation of Mukesh Surana, Chief Financial Officer Garware Technical Fibres Limited informed that Mukesh Surana - Chief Financial Officer of the Company, has submitted his resignation to pursue an outside opportunity and will be relived from the position of Chief Financial Officer of the Company with effect from close of business hours on 29th December, 2022. Price Target Changed • Nov 17
Price target increased to ₹3,848 Up from ₹3,475, the current price target is an average from 3 analysts. New target price is 16% above last closing price of ₹3,305. Stock is down 4.4% over the past year. The company is forecast to post earnings per share of ₹89.30 for next year compared to ₹79.92 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Mallika Sagar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 22
Garware Technical Fibres Limited (BSE:509557) announces an Equity Buyback for 240,000 shares, representing 1.16% for INR 900 million. Garware Technical Fibres Limited (BSE:509557) announces a share repurchase program. Under the program, the company will repurchase up to 2,40,000 shares, representing 1.16% of its share capital for INR 900 million. The shares will be repurchased at a price of INR 3,750 per share. The purpose of the buyback is to return surplus cash and enhance the overall value of shareholders by improving return on equity. The program will funded out of the current balances of cash and cash equivalents, liquid investments/deposits and/or internal accruals of the company. The company has fixed November 4, 2022, as the record date. Reported Earnings • Oct 22
Second quarter 2023 earnings released: EPS: ₹23.17 (vs ₹19.83 in 2Q 2022) Second quarter 2023 results: EPS: ₹23.17 (up from ₹19.83 in 2Q 2022). Revenue: ₹3.64b (up 29% from 2Q 2022). Net income: ₹477.7m (up 17% from 2Q 2022). Profit margin: 13% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 15
Garware Technical Fibres Limited to Report Q2, 2023 Results on Oct 21, 2022 Garware Technical Fibres Limited announced that they will report Q2, 2023 results on Oct 21, 2022 Upcoming Dividend • Aug 29
Upcoming dividend of ₹7.00 per share Eligible shareholders must have bought the stock before 05 September 2022. Payment date: 13 October 2022. Payout ratio is a comfortable 9.0% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (0.5%). Annuncio • Aug 22
Garware Technical Fibres Limited Recommends Dividend for the Financial Year Ended March 31, 2022 The forty fifth AGM of Garware Technical Fibres Limited will be held on September 13, 2022. The Directors have recommended a Dividend of INR 7.00 per share (70%) on the subscribed equity capital consisting of 20,618,169 equity shares of face value of INR 10.0 each of the Company existing as on March 31, 2022, for consideration at ensuing Annual General Meeting of the Company. The total proposed dividend for the year would absorb an amount of INR 144,327,183. Annuncio • Aug 11
Garware Technical Fibres Limited, Annual General Meeting, Sep 13, 2022 Garware Technical Fibres Limited, Annual General Meeting, Sep 13, 2022, at 10:30 Indian Standard Time. Reported Earnings • Aug 06
First quarter 2023 earnings released First quarter 2023 results: Revenue: ₹3.09b (up 27% from 1Q 2022). Net income: ₹281.9m (down 12% from 1Q 2022). Profit margin: 9.1% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 10%, compared to a 22% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 30
Garware Technical Fibres Limited to Report Q1, 2023 Results on Aug 05, 2022 Garware Technical Fibres Limited announced that they will report Q1, 2023 results on Aug 05, 2022 Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Mallika Sagar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 07
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: ₹79.92 (up from ₹76.83 in FY 2021). Revenue: ₹12.1b (up 17% from FY 2021). Net income: ₹1.65b (up 4.0% from FY 2021). Profit margin: 14% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 10%, compared to a 24% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 02
Garware Technical Fibres Limited to Report Q4, 2022 Results on May 05, 2022 Garware Technical Fibres Limited announced that they will report Q4, 2022 results on May 05, 2022 Price Target Changed • Apr 27
Price target decreased to ₹3,341 Down from ₹4,050, the current price target is an average from 2 analysts. New target price is 10% above last closing price of ₹3,028. Stock is up 17% over the past year. The company is forecast to post earnings per share of ₹75.12 for next year compared to ₹76.82 last year. Price Target Changed • Mar 22
Price target decreased to ₹3,650 Down from ₹4,050, the current price target is provided by 1 analyst. New target price is 35% above last closing price of ₹2,699. Stock is up 12% over the past year. The company is forecast to post earnings per share of ₹74.40 for next year compared to ₹76.82 last year. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹18.46 (down from ₹20.19 in 3Q 2021). Revenue: ₹3.13b (up 12% from 3Q 2021). Net income: ₹380.6m (down 12% from 3Q 2021). Profit margin: 12% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 15%, compared to a 23% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹19.83 (vs ₹20.54 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹2.82b (up 5.0% from 2Q 2021). Net income: ₹408.9m (down 7.8% from 2Q 2021). Profit margin: 14% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Sep 01
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 16 October 2021. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.4%). Price Target Changed • Jul 14
Price target increased to ₹4,000 Up from ₹3,300, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₹3,430. Stock is up 128% over the past year. Reported Earnings • May 31
Full year 2021 earnings released: EPS ₹74.64 (vs ₹64.22 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: ₹10.3b (up 8.5% from FY 2020). Net income: ₹1.58b (up 13% from FY 2020). Profit margin: 15% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 28
Garware Technical Fibres Limited Declares Interim Dividend of 2021 The board of directors of Garware Technical Fibres Limited has recommended a dividend of INR 2.50 per share (25% on 20,618,169 Equity Shares of INR 10 each, for the financial year 2020-21, for approval by the Members of the Company at upcoming annual general meeting. The total dividend for the year (subject to approval by the Shareholders of the Company at upcoming Annual General Meeting) would be INR 51,545,423. The Dividend will be paid within 30 days from the date it is approved by the Members at upcoming Annual General Meeting of the company. Price Target Changed • Apr 28
Price target increased to ₹3,150 Up from ₹2,338, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ₹2,590. Stock is up 102% over the past year. Is New 90 Day High Low • Feb 17
New 90-day high: ₹2,406 The company is up 16% from its price of ₹2,082 on 19 November 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹858 per share. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹20.19 (vs ₹13.23 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹2.88b (up 22% from 3Q 2020). Net income: ₹431.5m (up 49% from 3Q 2020). Profit margin: 15% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 05
Garware Technical Fibres Limited to Report Q3, 2021 Results on Feb 11, 2021 Garware Technical Fibres Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Is New 90 Day High Low • Dec 30
New 90-day high: ₹2,249 The company is up 8.0% from its price of ₹2,088 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹763 per share. Recent Insider Transactions • Dec 12
Insider recently sold ₹2.5m worth of stock On the 3rd of December, Ashish Goel sold around 1k shares on-market at roughly ₹2,163 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Is New 90 Day High Low • Nov 24
New 90-day high: ₹2,221 The company is up 11% from its price of ₹1,993 on 26 August 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹658 per share. Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS ₹20.54 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: ₹2.77b (up 19% from 2Q 2020). Net income: ₹443.5m (down 4.1% from 2Q 2020). Profit margin: 16% (down from 20% in 2Q 2020). The decrease in margin was driven by higher expenses. Annuncio • Oct 31
Garware Technical Fibres Limited to Report Q2, 2021 Results on Nov 04, 2020 Garware Technical Fibres Limited announced that they will report Q2, 2021 results on Nov 04, 2020 Is New 90 Day High Low • Oct 07
New 90-day high: ₹2,153 The company is up 44% from its price of ₹1,495 on 09 July 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹600 per share. Annuncio • Sep 05
Garware Technical Fibres Limited to Report Q1, 2021 Results on Sep 11, 2020 Garware Technical Fibres Limited announced that they will report Q1, 2021 results on Sep 11, 2020 Annuncio • Jul 02
Garware Technical Fibres Limited Not to Recommended Dividend Garware Technical Fibres Limited announced that Board of Directors of the company has not recommended any further dividend and has recommended that the interim dividend declared on March 14, 2020, at 170% (INR 17.00 per share) (which includes Special Dividend of 100% (i.e. INR 10.00 per share) on the fully paid-up equity capital consisting of 21,882,060 Equity shares of INR 10 (Ten) each of the Company, amounting to INR 371,995,000, as the final dividend for the financial year 2019-2020, for approval by the Members of the Company at ensuing Annual General Meeting.