Garware Technical Fibres
Market Cap
₹47.6b
Last Updated
2021/01/22 12:21 UTC
Data Sources
Company Financials +
Executive Summary
Garware Technical Fibres Limited manufactures and sells various technical textile products worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
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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
Stable Share Price: 509557 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 509557's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
5.2%
509557
-0.2%
IN Luxury
-0.7%
IN Market
1 Year Return
51.2%
509557
12.3%
IN Luxury
17.3%
IN Market
Return vs Industry: 509557 exceeded the Indian Luxury industry which returned 12.3% over the past year.
Return vs Market: 509557 exceeded the Indian Market which returned 17.3% over the past year.
Shareholder returns
| 509557 | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.2% | -0.2% | -0.7% |
| 30 Day | 5.0% | 5.4% | 8.4% |
| 90 Day | 16.1% | 23.3% | 23.0% |
| 1 Year | 53.8%51.2% | 13.0%12.3% | 19.5%17.3% |
| 3 Year | 133.0%127.1% | 14.5%12.2% | 8.9%3.6% |
| 5 Year | 573.7%548.3% | 79.9%71.4% | 81.8%67.9% |
Long-Term 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?
39.36x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 509557 (₹2293.55) is trading above our estimate of fair value (₹764.42)
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 (39.4x) compared to the IN Luxury industry average (19.4x).
PE vs Market: 509557 is poor value based on its PE Ratio (39.4x) compared to the Indian market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: 509557 is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: 509557 is overvalued based on its PB Ratio (6.2x) compared to the IN Luxury industry average (0.8x).
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Future Growth
How is Garware Technical Fibres forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
26.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 509557's forecast earnings growth (26.3% per year) is above the savings rate (7%).
Earnings vs Market: 509557's earnings (26.3% per year) are forecast to grow faster than the Indian market (25.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 509557's revenue (13.5% per year) is forecast to grow faster than the Indian market (11.7% per year).
High Growth Revenue: 509557's revenue (13.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 509557's Return on Equity is forecast to be low in 3 years time (19%).
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Past Performance
How has Garware Technical Fibres performed over the past 5 years?
14.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 509557 has high quality earnings.
Growing Profit Margin: 509557's current net profit margins (13.9%) are lower than last year (14.1%).
Past Earnings Growth Analysis
Earnings Trend: 509557's earnings have grown by 14.1% per year over the past 5 years.
Accelerating Growth: 509557's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 509557 had negative earnings growth (-7.7%) over the past year, making it difficult to compare to the Luxury industry average (-28.3%).
Return on Equity
High ROE: 509557's Return on Equity (15.8%) is considered low.
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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 (₹8.3B) exceed its short term liabilities (₹4.5B).
Long Term Liabilities: 509557's short term assets (₹8.3B) exceed its long term liabilities (₹452.3M).
Debt to Equity History and Analysis
Debt Level: 509557's debt to equity ratio (19.3%) is considered satisfactory.
Reducing Debt: 509557's debt to equity ratio has increased from 12.5% to 19.3% over the past 5 years.
Debt Coverage: 509557's debt is well covered by operating cash flow (113%).
Interest Coverage: 509557's interest payments on its debt are well covered by EBIT (18.1x coverage).
Balance Sheet
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Dividend
What is Garware Technical Fibres's current dividend yield, its reliability and sustainability?
0.31%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 509557's dividend (0.31%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.44%).
High Dividend: 509557's dividend (0.31%) is low compared to the top 25% of dividend payers in the Indian market (1.87%).
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 (12%), 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.
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Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
Shujaul Rehman (49 yo)
no data
Tenure
Mr. Shujaul Rehman is the Chief Executive Officer at Garware Technical Fibres Limited. Mr. Rehman served as General Manager of Sales of Ceat Ltd. and joined it in April 10, 2007. Mr. Rehman served as Branc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | 9.17yrs | ₹20.54m | 17.04% ₹ 8.1b | |
| Chief Executive Officer | no data | no data | no data | |
| Chief Financial Officer | 2.42yrs | ₹7.34m | no data | |
| President of Operations | no data | ₹2.59m | no data | |
| President of Technical & New Businesses | 1yr | ₹2.47m | no data | |
| Head of Legal | 5.75yrs | ₹1.81m | no data | |
| BR Head & Head of Human Capital | no data | no data | no data | |
| President of Geo-Synthetics Division | no data | no data | no data |
4.1yrs
Average Tenure
49yo
Average Age
Experienced Management: 509557's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | 9.17yrs | ₹20.54m | 17.04% ₹ 8.1b | |
| Non-Executive Independent Director | 6.33yrs | ₹280.00k | no data | |
| Non-Executive Independent Director | 13.5yrs | ₹280.00k | no data | |
| Non Independent Non Executive Director | 3.67yrs | ₹120.00k | 0.0014% ₹ 680.0k | |
| Non-Executive Director | 6.42yrs | ₹180.00k | 0.000050% ₹ 23.8k | |
| Non-Executive Independent Director | 1.67yrs | ₹60.00k | no data |
6.4yrs
Average Tenure
58yo
Average Age
Experienced Board: 509557's board of directors are considered experienced (6.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 509557 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
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: ₹47.552b
- Shares outstanding: 20.94m
- 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 | 2021/01/22 12:21 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| 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.