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GARF

Garware Technical FibresNSEI:GARFIBRES Stock Report

Market Cap

₹71.1b

7D

-0.03%

1Y

61.5%

Updated

25 Nov, 2021

Data

Company Financials +
GARFIBRES fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance4/6
Financial Health5/6
Dividends0/6

GARFIBRES Stock Overview

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

Rewards

Earnings are forecast to grow 25.9% per year

Earnings have grown 12.7% per year over the past 5 years

Risk Analysis

No risks detected for GARFIBRES from our risk checks.

Garware Technical Fibres Competitors

Shubham Polyspin

BSE:542019

₹1.5b

Vera Synthetic

NSEI:VERA

₹139.4m

KAMA Holdings

BSE:532468

₹65.6b

Price History & Performance

Summary of all time highs, changes and price drops for Garware Technical Fibres
Historical stock prices
Current Share Price₹3,453.80
52 Week High₹4,030.00
52 Week Low₹2,025.00
Beta0.48
1 Month Change2.62%
3 Month Change10.26%
1 Year Change61.45%
3 Year Change210.22%
5 Year Change449.27%
Change since IPO4,195.77%

Recent News & Updates

Oct 13
Garware Technical Fibres (NSE:GARFIBRES) Is Aiming To Keep Up Its Impressive Returns

Garware Technical Fibres (NSE:GARFIBRES) Is Aiming To Keep Up Its Impressive Returns

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...

Aug 11
Garware Technical Fibres (NSE:GARFIBRES) Could Easily Take On More Debt

Garware Technical Fibres (NSE:GARFIBRES) Could Easily Take On More Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jun 01
Is Now The Time To Put Garware Technical Fibres (NSE:GARFIBRES) On Your Watchlist?

Is Now The Time To Put Garware Technical Fibres (NSE:GARFIBRES) On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

GARFIBRESIN LuxuryIN Market
7D-0.03%-2.5%-2.5%
1Y61.5%95.0%48.0%

Return vs Industry: GARFIBRES underperformed the Indian Luxury industry which returned 95% over the past year.

Return vs Market: GARFIBRES exceeded the Indian Market which returned 48% over the past year.

Price Volatility

Is GARFIBRES's price volatile compared to industry and market?
GARFIBRES volatility
GARFIBRES Average Weekly Movement4.7%
Luxury Industry Average Movement6.8%
Market Average Movement6.0%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market3.8%

Stable Share Price: GARFIBRES is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GARFIBRES's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19761,185Shujaul Rehmanhttps://www.garwarefibres.com

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 soccer, soccer ball carry, tennis, handball, volleyball, SKI, swimming pool, hockey, ice hockey, basketball, golf, badminton, and cricket nets, as well as baseball batting cage, rapelling, slithering, and fitness rope/battle ropes 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.

Garware Technical Fibres Fundamentals Summary

How do Garware Technical Fibres's earnings and revenue compare to its market cap?
GARFIBRES fundamental statistics
Market Cap₹71.14b
Earnings (TTM)₹1.69b
Revenue (TTM)₹11.39b

42.0x

P/E Ratio

6.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GARFIBRES income statement (TTM)
Revenue₹11.39b
Cost of Revenue₹3.62b
Gross Profit₹7.77b
Expenses₹6.08b
Earnings₹1.69b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)82.06
Gross Margin68.21%
Net Profit Margin14.86%
Debt/Equity Ratio17.8%

How did GARFIBRES perform over the long term?

See historical performance and comparison

Dividends

0.07%

Current Dividend Yield

3%

Payout Ratio

Valuation

Is Garware Technical Fibres undervalued compared to its fair value and its price relative to the market?

42.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GARFIBRES (₹3453.8) is trading above our estimate of fair value (₹1055.4)

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 (42x) compared to the Indian Luxury industry average (12.4x).

PE vs Market: GARFIBRES is poor value based on its PE Ratio (42x) compared to the Indian market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: GARFIBRES is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: GARFIBRES is overvalued based on its PB Ratio (8.1x) compared to the IN Luxury industry average (1.2x).


Future Growth

How is Garware Technical Fibres forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

25.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GARFIBRES's forecast earnings growth (25.9% per year) is above the savings rate (6.7%).

Earnings vs Market: GARFIBRES's earnings (25.9% per year) are forecast to grow faster than the Indian market (20% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GARFIBRES's revenue (13.4% per year) is forecast to grow faster than the Indian market (12.7% per year).

High Growth Revenue: GARFIBRES's revenue (13.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GARFIBRES's Return on Equity is forecast to be high in 3 years time (23.7%)


Past Performance

How has Garware Technical Fibres performed over the past 5 years?

12.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GARFIBRES has high quality earnings.

Growing Profit Margin: GARFIBRES's current net profit margins (14.9%) are higher than last year (13.9%).


Past Earnings Growth Analysis

Earnings Trend: GARFIBRES's earnings have grown by 12.7% per year over the past 5 years.

Accelerating Growth: GARFIBRES's earnings growth over the past year (33.6%) exceeds its 5-year average (12.7% per year).

Earnings vs Industry: GARFIBRES earnings growth over the past year (33.6%) underperformed the Luxury industry 110.1%.


Return on Equity

High ROE: GARFIBRES's Return on Equity (19.2%) is considered low.


Financial Health

How is Garware Technical Fibres's financial position?


Financial Position Analysis

Short Term Liabilities: GARFIBRES's short term assets (₹7.9B) exceed its short term liabilities (₹4.6B).

Long Term Liabilities: GARFIBRES's short term assets (₹7.9B) exceed its long term liabilities (₹503.2M).


Debt to Equity History and Analysis

Debt Level: GARFIBRES has more cash than its total debt.

Reducing Debt: GARFIBRES's debt to equity ratio has increased from 16.2% to 17.8% over the past 5 years.

Debt Coverage: GARFIBRES's debt is well covered by operating cash flow (69.3%).

Interest Coverage: GARFIBRES earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

0.072%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GARFIBRES's dividend (0.072%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: GARFIBRES's dividend (0.072%) is low compared to the top 25% of dividend payers in the Indian market (1.46%).


Stability and Growth of Payments

Stable Dividend: GARFIBRES is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: GARFIBRES is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: GARFIBRES is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GARFIBRES's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Shujaul Rehman (50 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

Experienced Management: GARFIBRES's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: GARFIBRES's board of directors are considered experienced (7.2 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.


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 employee growth, exchange listings and data sources


Key Information

  • Name: Garware Technical Fibres Limited
  • Ticker: GARFIBRES
  • Exchange: NSEI
  • Founded: 1976
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹71.136b
  • Shares outstanding: 20.62m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/25 16:00
End of Day Share Price2021/11/25 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.