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Garware Technical Fibres

BSE:509557
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
509557
BSE
₹23B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Garware Technical Fibres Limited manufactures and sells various technical textile products worldwide. The last earnings update was 189 days ago. More info.


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509557 Share Price and Events
7 Day Returns
1.5%
BSE:509557
0.3%
IN Luxury
1%
IN Market
1 Year Returns
13.1%
BSE:509557
-8.7%
IN Luxury
-8.2%
IN Market
509557 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Garware Technical Fibres (509557) 1.5% -9.5% -5.2% 13.1% 271.6% 1555.5%
IN Luxury 0.3% -0.2% -2.3% -8.7% 55.9% 186.4%
IN Market 1% -2.2% -1.2% -8.2% 46.7% 78.8%
1 Year Return vs Industry and Market
  • 509557 outperformed the Luxury industry which returned -8.7% over the past year.
  • 509557 outperformed the Market in India which returned -8.2% over the past year.
Price Volatility
509557
Industry
5yr Volatility vs Market

509557 Value

 Is Garware Technical Fibres undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Garware Technical Fibres. This is due to cash flow or dividend data being unavailable. The share price is ₹1041.3.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Garware Technical Fibres's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Garware Technical Fibres's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:509557 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹48.06
BSE:509557 Share Price ** BSE (2019-02-22) in INR ₹1041.3
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.69x
India Market PE Ratio Median Figure of 2,709 Publicly-Listed Companies 15.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Garware Technical Fibres.

BSE:509557 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:509557 Share Price ÷ EPS (both in INR)

= 1041.3 ÷ 48.06

21.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Garware Technical Fibres is overvalued based on earnings compared to the IN Luxury industry average.
  • Garware Technical Fibres is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Garware Technical Fibres's expected growth come at a high price?
Raw Data
BSE:509557 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
14.3%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.99x
India Market PEG Ratio Median Figure of 607 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

BSE:509557 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.67x ÷ 14.3%

1.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Garware Technical Fibres is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Garware Technical Fibres's assets?
Raw Data
BSE:509557 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹245.31
BSE:509557 Share Price * BSE (2019-02-22) in INR ₹1041.3
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.05x
BSE:509557 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:509557 Share Price ÷ Book Value per Share (both in INR)

= 1041.3 ÷ 245.31

4.24x

* Primary Listing of Garware Technical Fibres.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Garware Technical Fibres is overvalued based on assets compared to the IN Luxury industry average.
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Value checks
We assess Garware Technical Fibres's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Garware Technical Fibres has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

509557 Future Performance

 How is Garware Technical Fibres expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Garware Technical Fibres expected to grow at an attractive rate?
  • Garware Technical Fibres's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Garware Technical Fibres's earnings growth is positive but not above the India market average.
  • Garware Technical Fibres's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:509557 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:509557 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 14.3%
BSE:509557 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.9%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:509557 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:509557 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 10,365 1,402 1
2019-03-31 9,582 1,221 1
BSE:509557 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 8,846 280 1,052
2017-03-31 8,459 1,205 844
2016-03-31 8,248 1,430 619

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Garware Technical Fibres's earnings are expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).
  • Garware Technical Fibres's revenue is expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:509557 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Garware Technical Fibres Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:509557 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31 64.05 64.05 64.05 1.00
2019-03-31 55.82 55.82 55.82 1.00
BSE:509557 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 48.06
2017-03-31 38.55
2016-03-31 28.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Garware Technical Fibres is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
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Future performance checks
We assess Garware Technical Fibres's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Garware Technical Fibres has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

509557 Past Performance

  How has Garware Technical Fibres performed over the past 5 years?

  • Garware Technical Fibres's last earnings update was 189 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Garware Technical Fibres's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Garware Technical Fibres has delivered over 20% year on year earnings growth in the past 5 years.
  • Garware Technical Fibres's 1-year earnings growth is less than its 5-year average (24.7% vs 29.4%)
  • Garware Technical Fibres's earnings growth has exceeded the IN Luxury industry average in the past year (24.7% vs 14.1%).
Earnings and Revenue History
Garware Technical Fibres's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Garware Technical Fibres Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:509557 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 8,846.10 1,051.73 1,221.72
2017-03-31 8,458.71 843.60 1,155.35
2016-03-31 8,248.20 619.03 3,887.12
2015-03-31 7,822.33 431.19 3,278.34
2014-03-31 6,859.53 267.56 1,544.46
2013-03-31 5,993.68 247.19 1,589.64
2012-12-31 6,151.74 258.82 1,543.90
2012-09-30 6,180.94 245.56 1,544.91
2012-06-30 6,015.09 241.57 808.39
2012-03-31 5,796.37 240.06 1,530.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Garware Technical Fibres has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Garware Technical Fibres used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Garware Technical Fibres has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
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Past performance checks
We assess Garware Technical Fibres's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Garware Technical Fibres has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

509557 Health

 How is Garware Technical Fibres's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Garware Technical Fibres's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Garware Technical Fibres is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Garware Technical Fibres's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Garware Technical Fibres's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Garware Technical Fibres Company Filings, last reported 10 months ago.

BSE:509557 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 5,367.87 1,383.88 229.18
2017-03-31 4,463.34 860.87 1,115.10
2016-03-31 3,654.55 450.26 810.42
2015-03-31 3,106.62 397.25 112.19
2014-03-31 2,754.84 713.31 106.03
2013-03-31 2,671.71 1,104.33 202.98
2012-12-31 2,624.18 1,079.69 206.73
2012-09-30 2,624.18 1,079.69 206.73
2012-06-30 2,504.24 1,250.89 235.30
2012-03-31 2,504.24 1,403.32 236.90
  • Garware Technical Fibres's level of debt (25.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (41.3% vs 25.8% today).
  • Debt is well covered by operating cash flow (20.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 75.7x coverage).
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Financial health checks
We assess Garware Technical Fibres's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Garware Technical Fibres has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

509557 Dividends

 What is Garware Technical Fibres's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.43%
Current annual income from Garware Technical Fibres dividends.
If you bought ₹2,000 of Garware Technical Fibres shares you are expected to receive ₹9 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Garware Technical Fibres's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.55%).
  • Garware Technical Fibres's dividend is below the markets top 25% of dividend payers in India (2.04%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:509557 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:509557 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
2019-03-31
BSE:509557 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-17 4.500 0.391
2017-08-21 3.500 0.364
2017-05-24 3.500 0.408
2016-07-18 3.300 0.560
2016-05-26 3.300 0.899
2015-08-07 3.000 0.887
2015-05-26 3.000 1.322
2014-09-01 2.700 1.481
2014-05-29 2.700 2.312
2013-05-30 2.500 4.860
2012-09-03 2.500 5.192
2012-05-29 2.500 4.958
2011-05-30 2.500 4.755
2010-05-21 2.500 3.510
2009-06-01 2.500 4.093
2009-05-27 2.500 3.959
2009-02-24 2.500 6.401

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Garware Technical Fibres's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
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Income/ dividend checks
We assess Garware Technical Fibres's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Garware Technical Fibres afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Garware Technical Fibres has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

509557 Management

 What is the CEO of Garware Technical Fibres's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vayu Garware
COMPENSATION ₹75,517,000
AGE 46
TENURE AS CEO 7.3 years
CEO Bio

Mr. Vayu Ramesh Garware serves as the Managing Director of Garware-Wall Ropes Ltd. since November 7, 2011 and served as its Head of Finance Department. Mr. Garware is In Charge of Domestic Marketing, Global Marketing, Finance and Accounts and other allied functional areas of Garware-Wall Ropes Ltd. He has been the Chairman and Whole-Time Director of Garware-wall Ropes Ltd. since November 7, 2011 and since December 1, 2001 respectively. He served as a Director of Garware-wall Ropes since December 7, 1995. Mr. Garware serves as a Director of Garware Securities Broking Limited and Garware Indus Consulting Limited. He holds Graduate Cum Laude in BSc Economics in Specialisation in Finance from the Wharton Business School of the University of Pennsylvania, USA.

CEO Compensation
  • Vayu's compensation has increased by more than 20% in the past year.
  • Vayu's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Garware Technical Fibres management team in years:

9.4
Average Tenure
62.5
Average Age
  • The average tenure for the Garware Technical Fibres management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Vayu Garware

TITLE
Chairman & MD
COMPENSATION
₹76M
AGE
46
TENURE
7.3 yrs

Mukesh Surana

TITLE
Chief Financial Officer
AGE
38
TENURE
0.5 yrs

Prabodh Kamat

TITLE
President of Operations
COMPENSATION
₹3M
AGE
61

Sunil Agarwal

TITLE
Head of Legal
COMPENSATION
₹2M

Mohan Mone

TITLE
President of Geo Synthetics
COMPENSATION
₹4M
AGE
64
TENURE
11.6 yrs

Bilzac Chandrachud

TITLE
President of USA Branch
AGE
67
TENURE
20.3 yrs

S. Raut

TITLE
Vice President of R&D
COMPENSATION
₹2M
AGE
65
Board of Directors Tenure

Average tenure and age of the Garware Technical Fibres board of directors in years:

4.5
Average Tenure
56
Average Age
  • The tenure for the Garware Technical Fibres board of directors is about average.
Board of Directors

Vayu Garware

TITLE
Chairman & MD
COMPENSATION
₹76M
AGE
46
TENURE
7.3 yrs

Ramesh Telang

TITLE
Independent & Non-Executive Director
COMPENSATION
₹160K
AGE
76
TENURE
4.4 yrs

Shrikant Kulkarni

TITLE
Independent & Non-Executive Director
COMPENSATION
₹180K
AGE
69
TENURE
11.6 yrs

Mayuri Garware

TITLE
Non-Executive Director
COMPENSATION
₹60K
AGE
42
TENURE
4.5 yrs

Ashish Goel

TITLE
Independent & Non-Executive Director
COMPENSATION
₹40K
AGE
45
TENURE
4.4 yrs

Shridhar Rajpathak

TITLE
Non Independent Non Executive Director
COMPENSATION
₹60K
AGE
66
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
10. Oct 18 Buy Garware Capital Markets Ltd. Company 08. Oct 18 08. Oct 18 1,000 ₹996.99 ₹996,990
04. Oct 18 Buy Vayu Garware Individual 01. Oct 18 01. Oct 18 420 ₹1,105.81 ₹464,440
27. Sep 18 Buy Vayu Garware Individual 25. Sep 18 26. Sep 18 1,713 ₹1,124.57 ₹1,916,935
05. Jul 18 Buy Ashish Goel Individual 02. Jul 18 04. Jul 18 3,325 ₹1,116.32 ₹3,684,132
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Management checks
We assess Garware Technical Fibres's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Garware Technical Fibres has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

509557 News

Simply Wall St News

Interested In Garware-Wall Ropes Limited (BOM:509557)? Here's What Its Recent Performance Looks Like

When Garware-Wall Ropes Limited (BOM:509557) released its most recent earnings update (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … 509557's trailing twelve-month earnings (from 31 March 2018) of ₹1.05b has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 28.87%, indicating the rate at which 509557 is growing has slowed down

Simply Wall St -

509557 Company Info

Map
Description

Garware Technical Fibres Limited manufactures and sells various technical textile products worldwide. The company offers fishing nets, ropes, and twines for the deep sea fishing industry; aquaculture cages and predator systems; synthetic ropes for various applications from power transmission to marine hawsers for shipping, mooring, and towing applications; and yarn and thread solutions under the Garlon brand. It also provides tennis nets, volley ball nets, basketball nets, ski nets, cricket nets, badminton nets, soccer nets, handball nets, etc. under Sportiva brand name; coated fabric products, such as truck tarpaulins, awnings, tents, hangar covers, inflatable bouncies, bio gas covers, trailer curtains, oil booms, and others; and agriculture shade nets, sericulture nets, insect nets, fencing nets, floriculture nets, crop support nets, grape nets, anti-bird nets, and staking cords. In addition, the company offers geo-synthetics products in the field of civil engineering and infrastructure development. The company was formerly known as Garware-Wall Ropes Limited and changed its name to Garware Technical Fibres Limited in July 2018. Garware Technical Fibres Limited was founded in 1976 and is headquartered in Pune, India.

Details
Name: Garware Technical Fibres Limited
509557
Exchange: BSE
Founded: 1976
₹22,785,789,078
21,882,060
Website: http://www.garwarefibres.com
Address: Garware Technical Fibres Limited
Plot No. 11,
Block D1,
Pune,
Maharashtra, 411019,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 509557 Equity Shares Mumbai Stock Exchange IN INR 24. Nov 1999
NSEI GARFIBRES Equity Shares National Stock Exchange of India IN INR 24. Nov 1999
Number of employees
Current staff
Staff numbers
1,309
Garware Technical Fibres employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 12:40
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2018/10/31
Last earnings filing: 2018/08/18
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.