Garware Technical Fibres
Market Cap
₹36.9b
Last Updated
2020/08/06 12:39 UTC
Data Sources
Company Financials
Executive Summary
Garware Technical Fibres Limited manufactures and sells various technical textile products worldwide.
Rewards
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
| 509557 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | 5.0% | 1.9% |
| 30 Day | 11.1% | 3.4% | 3.4% |
| 90 Day | 32.0% | 21.0% | 21.4% |
| 1 Year | 67.4%63.8% | -4.4%-5.1% | 4.5%2.6% |
| 3 Year | 96.3%91.4% | 5.3%3.0% | 4.0%-0.9% |
| 5 Year | 507.1%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
2 years 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?
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
- Check out Garware Technical Fibres's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Garware Technical Fibres competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 8.75yrs | ₹20.54m | 16.31% ₹ 6.0b | |
| Chief Financial Officer | 2yrs | ₹7.34m | no data | |
| President of Operations | no data | ₹2.59m | no data | |
| Head of Legal | 5.33yrs | ₹1.81m | no data | |
| Vice President of R&D | no data | ₹2.47m | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 8.75yrs | ₹20.54m | 16.31% ₹ 6.0b | |
| Non-Executive Independent Director | 5.92yrs | ₹280.00k | no data | |
| Non-Executive Independent Director | 13.08yrs | ₹280.00k | no data | |
| Non Independent Non Executive Director | 3.25yrs | ₹120.00k | 0.0014% ₹ 506.0k | |
| Non-Executive Director | 6yrs | ₹180.00k | 0.000050% ₹ 18.5k | |
| Independent & Non-Executive Director | 5.92yrs | ₹60.00k | 0.015% ₹ 5.6m | |
| Additional Non-Executive Independent Director | 1.25yrs | ₹60.00k | no 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
| 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 | 2020/08/06 12:39 |
| End of Day Share Price | 2020/08/06 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.