BSE:509557

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Garware Technical Fibres

Executive Summary

Garware Technical Fibres Limited manufactures and sells various technical textile products worldwide.

Rewards

Earnings grew by 11.8% over the past year

Risk Analysis

No risks detected for 509557 from our risk checks.


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

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

Stable Share Price: 509557 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.9%

509557

5.0%

IN Luxury

1.9%

IN Market


1 Year Return

63.8%

509557

-5.1%

IN Luxury

2.6%

IN Market

Return vs Industry: 509557 exceeded the Indian Luxury industry which returned -4.6% over the past year.

Return vs Market: 509557 exceeded the Indian Market which returned 3.2% over the past year.


Shareholder returns

509557IndustryMarket
7 Day-0.9%5.0%1.9%
30 Day11.1%3.4%3.4%
90 Day32.0%21.0%21.4%
1 Year67.4%63.8%-4.4%-5.1%4.5%2.6%
3 Year96.3%91.4%5.3%3.0%4.0%-0.9%
5 Year507.1%478.0%33.4%30.4%31.9%22.1%

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

Valuation

Is Garware Technical Fibres undervalued compared to its fair value and its price relative to the market?

25.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 509557 (₹1666.9) is trading above our estimate of fair value (₹248.18)

Significantly Below Fair Value: 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 (26x) compared to the IN Luxury industry average (11.2x).

PE vs Market: 509557 is poor value based on its PE Ratio (26x) compared to the Indian market (13.6x).


Price to Earnings Growth Ratio

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 (4.9x) compared to the IN Luxury industry average (0.5x).


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?

18.9%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Garware Technical Fibres has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

18.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 509557 has high quality earnings.

Growing Profit Margin: 509557's current net profit margins (14.7%) are higher than last year (12.3%).


Past Earnings Growth Analysis

Earnings Trend: 509557's earnings have grown by 18.8% per year over the past 5 years.

Accelerating Growth: 509557's earnings growth over the past year (11.8%) is below its 5-year average (18.8% per year).

Earnings vs Industry: 509557 earnings growth over the past year (11.8%) exceeded the Luxury industry -0.9%.


Return on Equity

High ROE: 509557's Return on Equity (19%) is considered low.


Next Steps

Financial Health

How is Garware Technical Fibres's financial position?


Financial Position Analysis

Short Term Liabilities: 509557's short term assets (₹6.5B) exceed its short term liabilities (₹4.1B).

Long Term Liabilities: 509557's short term assets (₹6.5B) exceed its long term liabilities (₹420.4M).


Debt to Equity History and Analysis

Debt Level: 509557's debt to equity ratio (17.9%) is considered satisfactory.

Reducing Debt: 509557's debt to equity ratio has increased from 12.8% to 17.9% over the past 5 years.

Debt Coverage: 509557's debt is well covered by operating cash flow (82.6%).

Interest Coverage: 509557's interest payments on its debt are well covered by EBIT (13.7x coverage).


Balance Sheet


Next Steps

Dividend

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

0.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 509557's dividend (0.42%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.65%).

High Dividend: 509557's dividend (0.42%) is low compared to the top 25% of dividend payers in the Indian market (2.65%).


Stability and Growth of Payments

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 (10.9%), 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

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Vayu Garware (48 yo)

8.75yrs

Tenure

₹20,537,000

Compensation

Mr. Vayu Ramesh Garware serves as the Managing Director of Garware Technical Fibres Limited (formerly known as Garware-Wall Ropes Limited). since November 7, 2011 and served as its Head of Finance Departme ...


CEO Compensation Analysis

Compensation vs Market: Vayu's total compensation ($USD274.64K) is about average for companies of similar size in the Indian market ($USD363.19K).

Compensation vs Earnings: Vayu's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Vayu Garware
Chairman & MD8.75yrs₹20.54m16.31%
₹ 6.0b
Mukesh Surana
Chief Financial Officer2yrs₹7.34mno data
Prabodh Kamat
President of Operationsno data₹2.59mno data
Sunil Agarwal
Head of Legal5.33yrs₹1.81mno data
S. Raut
Vice President of R&Dno data₹2.47mno data

5.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: 509557's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vayu Garware
Chairman & MD8.75yrs₹20.54m16.31%
₹ 6.0b
Ramesh Telang
Non-Executive Independent Director5.92yrs₹280.00kno data
Shrikant Kulkarni
Non-Executive Independent Director13.08yrs₹280.00kno data
Shridhar Rajpathak
Non Independent Non Executive Director3.25yrs₹120.00k0.0014%
₹ 506.0k
Mayuri Garware
Non-Executive Director6yrs₹180.00k0.000050%
₹ 18.5k
Ashish Goel
Independent & Non-Executive Director5.92yrs₹60.00k0.015%
₹ 5.6m
Mallika Sagar
Additional Non-Executive Independent Director1.25yrs₹60.00kno data

5.9yrs

Average Tenure

48yo

Average Age

Experienced Board: 509557's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹36.931b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
509557BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 1999
GARFIBRESNSEI (National Stock Exchange of India)YesEquity SharesININRNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/06 12:39
End of Day Share Price2020/08/06 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.