| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
500655 Stock Overview
Garware Hi-Tech Films Limited manufactures and sells polyester films in India and internationally.
Garware Hi-Tech Films Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹759.05 |
| 52 Week High | ₹997.80 |
| 52 Week Low | ₹585.00 |
| Beta | 0.46 |
| 1 Month Change | -5.76% |
| 3 Month Change | 12.47% |
| 1 Year Change | -17.71% |
| 3 Year Change | 234.16% |
| 5 Year Change | 334.86% |
| Change since IPO | 12,550.83% |
Recent News & Updates
Shareholder Returns
| 500655 | IN Chemicals | IN Market | |
|---|---|---|---|
| 7D | 6.7% | 0.1% | 1.4% |
| 1Y | -17.7% | -0.6% | -1.7% |
Return vs Industry: 500655 underperformed the Indian Chemicals industry which returned -0.6% over the past year.
Return vs Market: 500655 underperformed the Indian Market which returned -1.7% over the past year.
Price Volatility
| 500655 volatility | |
|---|---|
| 500655 Average Weekly Movement | 6.3% |
| Chemicals Industry Average Movement | 5.4% |
| Market Average Movement | 5.9% |
| 10% most volatile stocks in IN Market | 9.2% |
| 10% least volatile stocks in IN Market | 3.8% |
Stable Share Price: 500655 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 500655's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1933 | 884 | Shashikant Garware | https://www.garwarehitechfilms.com |
Garware Hi-Tech Films Limited manufactures and sells polyester films in India and internationally. The company offers bi-axially oriented polyethylene terephthalate/polyester films, sun control films, thermal lamination films, and specialty polyester films, as well as heat rejection films, shrink films, and paint protection films. It serves packaging, yarn, coated films for specialty application and thick films for insulation and shrink label application.
Garware Hi-Tech Films Fundamentals Summary
| 500655 fundamental statistics | |
|---|---|
| Market Cap | ₹17.63b |
| Earnings (TTM) | ₹1.76b |
| Revenue (TTM) | ₹13.67b |
10.0x
P/E Ratio1.3x
P/S RatioIs 500655 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 500655 income statement (TTM) | |
|---|---|
| Revenue | ₹13.67b |
| Cost of Revenue | ₹6.88b |
| Gross Profit | ₹6.79b |
| Other Expenses | ₹5.03b |
| Earnings | ₹1.76b |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 75.71 |
| Gross Margin | 49.65% |
| Net Profit Margin | 12.87% |
| Debt/Equity Ratio | 11.8% |
How did 500655 perform over the long term?
See historical performance and comparisonDividends
1.3%
Current Dividend Yield13%
Payout RatioValuation
Is 500655 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 500655?
Other financial metrics that can be useful for relative valuation.
| What is 500655's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | ₹17.63b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.2x |
| Enterprise Value/EBITDA | 6.8x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does 500655's PE Ratio compare to its peers?
| 500655 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 12.9x | ||
506852 Punjab Alkalies & Chemicals | 18.5x | n/a | ₹17.7b |
507753 TGV SRAAC | 6.6x | n/a | ₹17.9b |
ANDHRSUGAR Andhra Sugars | 7.2x | n/a | ₹19.3b |
540145 Valiant Organics | 19.4x | 40.8% | ₹19.8b |
500655 Garware Hi-Tech Films | 10x | n/a | ₹17.6b |
Price-To-Earnings vs Peers: 500655 is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (12.9x).
Price to Earnings Ratio vs Industry
How does 500655's PE Ratio compare vs other companies in the IN Chemicals Industry?
Price-To-Earnings vs Industry: 500655 is good value based on its Price-To-Earnings Ratio (10x) compared to the Indian Chemicals industry average (19.9x)
Price to Earnings Ratio vs Fair Ratio
What is 500655's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 500655's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 500655 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 500655 (₹759.05) is trading above our estimate of fair value (₹629.4)
Significantly Below Fair Value: 500655 is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Garware Hi-Tech Films forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
16.8%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Garware Hi-Tech Films has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine Garware Hi-Tech Films's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Garware Hi-Tech Films competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Garware Hi-Tech Films performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
29.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 500655 has high quality earnings.
Growing Profit Margin: 500655's current net profit margins (12.9%) are lower than last year (13.2%).
Past Earnings Growth Analysis
Earnings Trend: 500655's earnings have grown significantly by 29.6% per year over the past 5 years.
Accelerating Growth: 500655's earnings growth over the past year (18.7%) is below its 5-year average (29.6% per year).
Earnings vs Industry: 500655 earnings growth over the past year (18.7%) exceeded the Chemicals industry 18.5%.
Return on Equity
High ROE: 500655's Return on Equity (10.3%) is considered low.
Discover strong past performing companies
Financial Health
How is Garware Hi-Tech Films's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 500655's short term assets (₹6.0B) exceed its short term liabilities (₹2.6B).
Long Term Liabilities: 500655's short term assets (₹6.0B) exceed its long term liabilities (₹1.6B).
Debt to Equity History and Analysis
Debt Level: 500655 has more cash than its total debt.
Reducing Debt: 500655's debt to equity ratio has reduced from 21.4% to 11.8% over the past 5 years.
Debt Coverage: 500655's debt is well covered by operating cash flow (85.3%).
Interest Coverage: 500655's interest payments on its debt are well covered by EBIT (11.7x coverage).
Balance Sheet
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Dividend
What is Garware Hi-Tech Films's current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
1.32%
Current Dividend Yield
Dividend Yield vs Market
| Garware Hi-Tech Films Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (Garware Hi-Tech Films) | 1.3% |
| Market Bottom 25% (IN) | 0.4% |
| Market Top 25% (IN) | 1.6% |
| Industry Average (Chemicals) | 0.7% |
| Analyst forecast in 3 Years (Garware Hi-Tech Films) | n/a |
Notable Dividend: 500655's dividend (1.32%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).
High Dividend: 500655's dividend (1.32%) is low compared to the top 25% of dividend payers in the Indian market (1.59%).
Stability and Growth of Payments
Stable Dividend: 500655's dividend payments have been volatile in the past 10 years.
Growing Dividend: 500655's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (13.2%), 500655's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (50.4%), 500655's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Shashikant Garware (88 yo)
65.33yrs
Tenure
₹88,057,000
Compensation
Dr. Shashikant Bhalchandra Garware serves as the Chairman and Managing Director of Garware Hi-Tech Films Limited (formerly known as Garware Polyester Limited) and serves its Executive Director since June 6...
CEO Compensation Analysis
| Shashikant Garware's Compensation vs Garware Hi-Tech Films Earnings |
|---|
| Date | Total Comp. | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2022 | n/a | n/a | ₹2b |
| Mar 31 2022 | ₹88m | ₹62m | ₹2b |
| Dec 31 2021 | n/a | n/a | ₹2b |
| Sep 30 2021 | n/a | n/a | ₹2b |
| Jun 30 2021 | n/a | n/a | ₹1b |
| Mar 31 2021 | ₹74m | ₹38m | ₹1b |
| Dec 31 2020 | n/a | n/a | ₹1b |
| Sep 30 2020 | n/a | n/a | ₹838m |
| Jun 30 2020 | n/a | n/a | ₹728m |
| Mar 31 2020 | ₹57m | ₹51m | ₹860m |
| Dec 31 2019 | n/a | n/a | ₹820m |
| Sep 30 2019 | n/a | n/a | ₹851m |
| Jun 30 2019 | n/a | n/a | ₹834m |
| Mar 31 2019 | ₹50m | ₹46m | ₹817m |
| Mar 31 2018 | ₹41m | ₹41m | ₹331m |
| Mar 31 2017 | ₹39m | ₹26m | ₹224m |
| Mar 31 2016 | ₹45m | ₹24m | ₹165m |
Compensation vs Market: Shashikant's total compensation ($USD1.08M) is above average for companies of similar size in the Indian market ($USD241.51K).
Compensation vs Earnings: Shashikant's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 500655's management team is considered experienced (3 years average tenure).
Board Members
Experienced Board: 500655's board of directors are seasoned and experienced ( 10.9 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.
Ownership Breakdown
| Owner Type | Number of Shares | Ownership Percentage |
|---|---|---|
| Public Companies | 146,350 | 0.6% |
| State or Government | 688,180 | 3.0% |
| Institutions | 849,547 | 3.7% |
| Private Companies | 1,946,391 | 8.4% |
| General Public | 4,545,719 | 19.6% |
| Individual Insiders | 15,056,207 | 64.8% |
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
| Ownership | Name | Shares | Current Value | Change % | Portfolio % | |
|---|---|---|---|---|---|---|
| 10,031,373 | ₹7.6b | 0% | no data | |||
| 1,242,216 | ₹942.9m | 0% | no data | |||
| 1,042,357 | ₹791.2m | 0% | no data | |||
| 864,577 | ₹656.3m | 0% | no data | |||
| 841,727 | ₹638.9m | 0% | no data | |||
| 841,421 | ₹638.7m | 0% | no data | |||
| 688,180 | ₹522.4m | 99.65% | no data | |||
| 593,167 | ₹450.2m | -14.9% | no data | |||
| 579,765 | ₹440.1m | -2.74% | no data | |||
| 469,175 | ₹356.1m | 0% | no data | |||
| 269,595 | ₹204.6m | 0% | no data | |||
| 235,000 | ₹178.4m | 0% | no data | |||
| 175,465 | ₹133.2m | 0% | no data | |||
| 161,470 | ₹122.6m | 0% | no data | |||
| 146,350 | ₹111.1m | 0% | no data | |||
| 139,000 | ₹105.5m | 0% | 0.1% | |||
| 136,000 | ₹103.2m | 0% | no data | |||
| 99,000 | ₹75.1m | 0% | no data | |||
| 25 | ₹19.0k | 0% | no data | |||
| 25 | ₹19.0k | 0% | no data | |||
| 5 | ₹3.8k | 0% | no data |
Company Information
Garware Hi-Tech Films Limited's employee growth, exchange listings and data sources
Key Information
- Name: Garware Hi-Tech Films Limited
- Ticker: 500655
- Exchange: BSE
- Founded: 1933
- Industry: Commodity Chemicals
- Sector: Materials
- Implied Market Cap: ₹17.635b
- Shares outstanding: 23.23m
- Website: https://www.garwarehitechfilms.com
Number of Employees
Location
- Garware Hi-Tech Films Limited
- Garware House
- 50-A, Swami Nityanand Marg
- Mumbai
- Maharashtra
- 400057
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500655 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jun 2000 |
| GRWRHITECH | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jun 2000 |
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/10/05 00:00 |
| End of Day Share Price | 2022/10/04 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2022/03/31 |
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.