Garware Technical Fibres Limited manufactures and sells various technical textile products worldwide.
Excellent balance sheet with proven track record.
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: GARFIBRES's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: GARFIBRES exceeded the Indian Luxury industry which returned -26.9% over the past year.
Return vs Market: GARFIBRES exceeded the Indian Market which returned -29.2% over the past year.
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
1 week ago | Simply Wall StHere's Why I Think Garware Technical Fibres (NSE:GARFIBRES) Is An Interesting Stock
2 weeks ago | Simply Wall StIs Garware Technical Fibres Limited's (NSE:GARFIBRES) ROE Of 20% Impressive?
1 month ago | Simply Wall StCan We See Significant Insider Ownership On The Garware Technical Fibres Limited (NSE:GARFIBRES) Share Register?
Is Garware Technical Fibres undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GARFIBRES (₹1042.15) is trading above our estimate of fair value (₹946.91)
Significantly Below Fair Value: GARFIBRES is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GARFIBRES is poor value based on its PE Ratio (16x) compared to the Luxury industry average (7.8x).
PE vs Market: GARFIBRES is poor value based on its PE Ratio (16x) compared to the Indian market (9.2x).
Price to Earnings Growth Ratio
PEG Ratio: GARFIBRES is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: GARFIBRES is overvalued based on its PB Ratio (3.2x) compared to the IN Luxury industry average (0.4x).
How is Garware Technical Fibres forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GARFIBRES's forecast earnings growth (15.1% per year) is above the savings rate (6.5%).
Earnings vs Market: GARFIBRES's earnings (15.1% per year) are forecast to grow slower than the Indian market (19.8% per year).
High Growth Earnings: GARFIBRES's earnings are forecast to grow, but not significantly.
Revenue vs Market: GARFIBRES's revenue (12.2% per year) is forecast to grow faster than the Indian market (9.1% per year).
High Growth Revenue: GARFIBRES's revenue (12.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GARFIBRES's Return on Equity is forecast to be high in 3 years time
How has Garware Technical Fibres performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GARFIBRES has high quality earnings.
Growing Profit Margin: GARFIBRES's current net profit margins (14.3%) are higher than last year (12.2%).
Past Earnings Growth Analysis
Earnings Trend: GARFIBRES's earnings have grown by 19.9% per year over the past 5 years.
Accelerating Growth: GARFIBRES's earnings growth over the past year (17.3%) is below its 5-year average (19.9% per year).
Earnings vs Industry: GARFIBRES earnings growth over the past year (17.3%) exceeded the Luxury industry 6.4%.
Return on Equity
High ROE: GARFIBRES's Return on Equity (19.8%) is considered low.
How is Garware Technical Fibres's financial position?
Financial Position Analysis
Short Term Liabilities: GARFIBRES's short term assets (₹5.5B) exceed its short term liabilities (₹4.3B).
Long Term Liabilities: GARFIBRES's short term assets (₹5.5B) exceed its long term liabilities (₹384.9M).
Debt to Equity History and Analysis
Debt Level: GARFIBRES's debt to equity ratio (21.1%) is considered satisfactory.
Reducing Debt: GARFIBRES's debt to equity ratio has increased from 15.7% to 21.1% over the past 5 years.
Debt Coverage: GARFIBRES's debt is well covered by operating cash flow (97.2%).
Interest Coverage: GARFIBRES's interest payments on its debt are well covered by EBIT (18x coverage).
Inventory Level: GARFIBRES has a high level of physical assets or inventory.
Debt Coverage by Assets: GARFIBRES's debt is covered by short term assets (assets are 3.6x debt).
What is Garware Technical Fibres's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GARFIBRES's dividend (0.68%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.95%).
High Dividend: GARFIBRES's dividend (0.68%) is low compared to the top 25% of dividend payers in the Indian market (4.18%).
Stability and Growth of Payments
Stable Dividend: GARFIBRES's dividends per share have been stable in the past 10 years.
Growing Dividend: GARFIBRES's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (7.7%), GARFIBRES'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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Vayu Garware (47yo)
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: Vayu's total compensation ($USD1.13M) is above average for companies of similar size in the Indian market ($USD355.40K).
Compensation vs Earnings: Vayu's compensation has been consistent with company performance over the past year.
|Chairman & MD||8.33yrs||₹85.09m||16.31% ₹3.7b|
|Non-Executive Independent Director||5.5yrs||₹200.00k||no data|
|Non-Executive Independent Director||12.67yrs||₹200.00k||no data|
|Non Independent Non Executive Director||2.83yrs||₹100.00k||0.0014% ₹310.7k|
|Non-Executive Director||5.58yrs||₹100.00k||0.000050% ₹11.3k|
|Independent & Non-Executive Director||5.5yrs||₹60.00k||0.015% ₹3.4m|
|Additional Non-Executive Independent Director||0.83yr||no data||no data|
Experienced Board: GARFIBRES's board of directors are considered experienced (5.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Garware Technical Fibres Limited's company bio, employee growth, exchange listings and data sources
- Name: Garware Technical Fibres Limited
- Ticker: GARFIBRES
- Exchange: NSEI
- Founded: 1976
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹22.675b
- Shares outstanding: 21.88m
- Website: https://www.garwarefibres.com
Number of Employees
- Garware Technical Fibres Limited
- Plot No. 11, Block D1
|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|
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 predator systems; synthetic ropes for various applications from power transmission to marine hawsers for shipping, mooring, and towing applications; and yarn and thread solutions under the Garlon brand. The company also provides sports products, including tennis nets, volley ball nets, basketball nets, ski nets, cricket nets, badminton nets, soccer nets, handball nets, etc. under Sportiva brand name; coated fabric products, such as truck tarpaulins, awnings, tents, hangar covers, inflatable bouncies, bio gas covers, trailer curtains, oil booms, and others; and agricultural products comprising agriculture shade nets, sericulture nets, insect nets, fencing nets, floriculture nets, crop support nets, grape nets, anti-bird nets, and staking cords. In addition, it offers geo-synthetics products in the field of civil engineering and infrastructure development. The company was formerly known as Garware-Wall Ropes Limited and changed its name to Garware Technical Fibres Limited in July 2018. Garware Technical Fibres Limited was founded in 1976 and is headquartered in Pune, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 13:06|
|End of Day Share Price||2020/03/27 00:00|
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.