Garware Technical Fibres
Market Cap
₹25.7b
Last Updated
2019/10/14 12:37 UTC
Data Sources
Company Financials
Executive Summary
Garware Technical Fibres Limited manufactures and sells various technical textile products worldwide.
Snowflake
Fundamentals
Flawless balance sheet with acceptable track record.
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Share Price & News
How has Garware Technical Fibres's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-2.9%
509557
-0.02%
IN Luxury
1.6%
IN Market
1 Year Return
2.9%
509557
7.7%
IN Luxury
0.8%
IN Market
Return vs Industry: 509557 underperformed the Indian Luxury industry which returned 7.7% over the past year.
Return vs Market: 509557 exceeded the Indian Market which returned 0.8% over the past year.
Shareholder returns
| 509557 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.9% | -0.02% | 1.6% |
| 30 Day | 5.4% | 5.5% | 1.5% |
| 90 Day | -2.8% | 3.9% | -3.3% |
| 1 Year | 3.4%2.9% | 8.6%7.7% | 2.7%0.8% |
| 3 Year | 118.8%115.8% | 49.5%47.8% | 22.0%16.0% |
| 5 Year | 643.7%620.4% | 108.9%105.0% | 42.3%29.3% |
Price Volatility Vs. Market
How volatile is Garware Technical Fibres's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Interested In Garware-Wall Ropes Limited (BOM:509557)? Here's What Its Recent Performance Looks LikeValuation
Is Garware Technical Fibres undervalued compared to its fair value and its price relative to the market?
20.22x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: 509557 (₹1145.05) is trading above our estimate of fair value (₹740.45)
Significantly Undervalued: 509557 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 509557 is poor value based on its PE Ratio (20.2x) compared to the Luxury industry average (10.1x).
PE vs Market: 509557 is poor value based on its PE Ratio (20.2x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate 509557's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 509557 is overvalued based on its PB Ratio (3.9x) compared to the IN Luxury industry average (0.6x).
Next Steps
Future Growth
How is Garware Technical Fibres forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-7.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 509557's earnings are forecast to decline over the next 3 years (-7.5% per year).
Earnings vs Market: 509557's earnings are forecast to decline over the next 3 years (-7.5% per year).
High Growth Earnings: 509557's earnings are forecast to decline over the next 3 years.
Revenue vs Market: Insufficient data to determine if 509557's revenue is forecast to grow faster than the Indian market.
High Growth Revenue: Insufficient data to determine if 509557's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if 509557's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has Garware Technical Fibres performed over the past 5 years?
22.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 509557's earnings have grown significantly by 22% per year over the past 5 years.
Accelerating Growth: 509557's earnings growth over the past year (12.4%) is below its 5-year average (22% per year).
Earnings vs Industry: 509557 earnings growth over the past year (12.4%) exceeded the Luxury industry 7.8%.
Return on Equity
High ROE: 509557's Return on Equity (19.1%) is considered low.
Return on Assets
ROA vs Industry: 509557 has a higher Return on Assets than the Luxury industry average last year.
Return on Capital Employed
ROCE Improving: 509557's Return on Capital Employed has declined over the past 3 years.
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Financial Health
How is Garware Technical Fibres's financial position?
Financial Position Analysis
Short Term Liabilities: 509557's short term assets (₹5.0B) exceeds its short term liabilities (₹3.8B)
Long Term Liabilities: 509557's short term assets (5.0B) exceeds its long term liabilities (446.2M)
Debt to Equity History and Analysis
Debt Level: 509557's debt to equity ratio (16.6%) is considered satisfactory
Reducing Debt: 509557's debt to equity ratio has reduced from 22.3% to 16.6% over the past 5 years.
Debt Coverage: 509557's debt is well covered by operating cash flow (123.1%).
Interest Coverage: 509557's interest payments on its debt are well covered by EBIT (12.5x coverage).
Balance Sheet
Inventory Level: 509557 has a high level of physical assets or inventory.
Debt Coverage by Assets: 509557's debt is covered by short term assets (assets are 4.610280x debt).
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Dividend
What is Garware Technical Fibres's current dividend yield, its reliability and sustainability?
0.44%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 509557's dividend (0.44%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: 509557's dividend (0.44%) is low compared to the top 25% of dividend payers in the Indian market (2.49%).
Stable Dividend: 509557's dividends per share have been stable in the past 10 years.
Growing Dividend: 509557's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8.8%), 509557's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Garware Technical Fibres's salary, the management and board of directors tenure and is there insider trading?
5.1yrs
Average board tenure
CEO
Vayu Garware (47yo)
7.9yrs
Tenure
₹85,086,000
Compensation
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, Globa ...
CEO Compensation Analysis
Compensation vs. Market: Insufficient data to establish whether Vayu's total compensation is reasonable compared to companies of similar size in the Indian market.
Compensation vs Earnings: Vayu's compensation has been consistent with company performance over the past year.
Board Age and Tenure
5.1yrs
Average Tenure
47yo
Average Age
Experienced Board: 509557's board of directors are considered experienced (5.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Vayu Garware (47yo)
Chairman & MD
- Tenure: 7.9yrs
- Compensation: ₹85.09m
Prabodh Kamat (62yo)
President of Operations
- Tenure: 0yrs
- Compensation: ₹2.59m
S. Raut (66yo)
Vice President of R&D
- Tenure: 0yrs
- Compensation: ₹2.47m
Sunil Agarwal
Head of Legal
- Tenure: 0yrs
- Compensation: ₹1.81m
Mukesh Surana (39yo)
Chief Financial Officer
- Tenure: 1.2yrs
- Compensation: ₹7.34m
Board Members
Ramesh Telang (77yo)
Non-Executive Independent Director
- Tenure: 5.1yrs
- Compensation: ₹200.00k
Vayu Garware (47yo)
Chairman & MD
- Tenure: 7.9yrs
- Compensation: ₹85.09m
Shrikant Kulkarni (70yo)
Non-Executive Independent Director
- Tenure: 12.3yrs
- Compensation: ₹200.00k
Shridhar Rajpathak (67yo)
Non Independent Non Executive Director
- Tenure: 2.4yrs
- Compensation: ₹100.00k
Mayuri Garware (43yo)
Non-Executive Director
- Tenure: 5.2yrs
- Compensation: ₹100.00k
Ashish Goel (46yo)
Independent & Non-Executive Director
- Tenure: 5.1yrs
- Compensation: ₹60.00k
Mallika Sagar (43yo)
Additional Non-Executive Independent Director
- Tenure: 0.4yrs
Company Information
Garware Technical Fibres Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Garware Technical Fibres Limited
- Ticker: 509557
- Exchange: BSE
- Founded: 1976
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹25.661b
- Shares outstanding: 21.88m
- Website: https://www.garwarefibres.com
Number of Employees
Location
- Garware Technical Fibres Limited
- Plot No. 11, Block D1
- M.I.D.C.
- Pune
- Maharashtra
- 411019
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 509557 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Nov 1999 |
| GARFIBRES | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Nov 1999 |
Biography
Garware Technical Fibres Limited manufactures and sells various technical textile products worldwide. It offers fishing nets, ropes, and twines for the deep sea fishing industry; aquaculture cages and pred ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 12:37 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
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.