BSE:509557

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Garware Technical Fibres

Executive Summary

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


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


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 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

509557IndustryMarket
7 Day5.2%-0.2%-0.7%
30 Day5.0%5.4%8.4%
90 Day16.1%23.3%23.0%
1 Year53.8%51.2%13.0%12.3%19.5%17.3%
3 Year133.0%127.1%14.5%12.2%8.9%3.6%
5 Year573.7%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

Valuation

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).


Next Steps

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%).


Next Steps

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.


Next Steps

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


Next Steps

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.


Next Steps

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

NamePositionTenureCompensationOwnership
Vayu Garware
Executive Chairman & MD9.17yrs₹20.54m17.04%
₹ 8.1b
Shujaul Rehman
Chief Executive Officerno datano datano data
Mukesh Surana
Chief Financial Officer2.42yrs₹7.34mno data
Prabodh Kamat
President of Operationsno data₹2.59mno data
Sanjay Raut
President of Technical & New Businesses1yr₹2.47mno data
Sunil Agarwal
Head of Legal5.75yrs₹1.81mno data
Ravendrakumar Mishra
BR Head & Head of Human Capitalno datano datano data
Thirumalai Kulkarni
President of Geo-Synthetics Divisionno datano datano data

4.1yrs

Average Tenure

49yo

Average Age

Experienced Management: 509557's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vayu Garware
Executive Chairman & MD9.17yrs₹20.54m17.04%
₹ 8.1b
Ramesh Telang
Non-Executive Independent Director6.33yrs₹280.00kno data
Shrikant Kulkarni
Non-Executive Independent Director13.5yrs₹280.00kno data
Shridhar Rajpathak
Non Independent Non Executive Director3.67yrs₹120.00k0.0014%
₹ 680.0k
Mayuri Garware
Non-Executive Director6.42yrs₹180.00k0.000050%
₹ 23.8k
Mallika Sagar
Non-Executive Independent Director1.67yrs₹60.00kno 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

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 Analysis2021/01/22 12:21
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
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.