BSE:509557

Stock Analysis Report

Garware Technical Fibres

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with acceptable 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


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

509557IndustryMarket
7 Day-2.9%-0.02%1.6%
30 Day5.4%5.5%1.5%
90 Day-2.8%3.9%-3.3%
1 Year3.4%2.9%8.6%7.7%2.7%0.8%
3 Year118.8%115.8%49.5%47.8%22.0%16.0%
5 Year643.7%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

Valuation

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


Next Steps

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.


Next Steps

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).


Next Steps

Dividend

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

0.44%

Current Dividend Yield


Dividend Yield vs Market

company0.4%marketbottom25%0.6%markettop25%2.5%industryaverage0.7%forecastin3Yearsn/a

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

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 Analysis2019/10/14 12:37
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.