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5006

Garware Hi-Tech Films BSE:500655 Stock Report

Last Price

₹759.05

Market Cap

₹17.6b

7D

6.7%

1Y

-17.7%

Updated

05 Oct, 2022

Data

Company Financials
500655 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends4/6

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

Summary of all time highs, changes and price drops for Garware Hi-Tech Films
Historical stock prices
Current Share Price₹759.05
52 Week High₹997.80
52 Week Low₹585.00
Beta0.46
1 Month Change-5.76%
3 Month Change12.47%
1 Year Change-17.71%
3 Year Change234.16%
5 Year Change334.86%
Change since IPO12,550.83%

Recent News & Updates

Shareholder Returns

500655IN ChemicalsIN Market
7D6.7%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

Is 500655's price volatile compared to industry and market?
500655 volatility
500655 Average Weekly Movement6.3%
Chemicals Industry Average Movement5.4%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

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

FoundedEmployeesCEOWebsite
1933884Shashikant Garwarehttps://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

How do Garware Hi-Tech Films's earnings and revenue compare to its market cap?
500655 fundamental statistics
Market Cap₹17.63b
Earnings (TTM)₹1.76b
Revenue (TTM)₹13.67b

10.0x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
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 Margin49.65%
Net Profit Margin12.87%
Debt/Equity Ratio11.8%

How did 500655 perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

13%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 500655 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation 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.

500655 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA6.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 500655's PE Ratio compare to its peers?

500655 PE Ratio vs Peers
The above table shows the PE ratio for 500655 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.9x
506852 Punjab Alkalies & Chemicals
18.5xn/a₹17.7b
507753 TGV SRAAC
6.6xn/a₹17.9b
ANDHRSUGAR Andhra Sugars
7.2xn/a₹19.3b
540145 Valiant Organics
19.4x40.8%₹19.8b
500655 Garware Hi-Tech Films
10xn/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.

500655 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10x
Fair PE Ration/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

0/6

Future 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

3/6

Past 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.


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Financial Health

How is Garware Hi-Tech Films's financial position?

Financial Health Score

6/6

Financial 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

4/6

Dividend 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
How does Garware Hi-Tech Films dividend yield compare to the market?
SegmentDividend 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.


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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
How has Shashikant Garware's remuneration changed compared to Garware Hi-Tech Films's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

₹2b

Mar 31 2022₹88m₹62m

₹2b

Dec 31 2021n/an/a

₹2b

Sep 30 2021n/an/a

₹2b

Jun 30 2021n/an/a

₹1b

Mar 31 2021₹74m₹38m

₹1b

Dec 31 2020n/an/a

₹1b

Sep 30 2020n/an/a

₹838m

Jun 30 2020n/an/a

₹728m

Mar 31 2020₹57m₹51m

₹860m

Dec 31 2019n/an/a

₹820m

Sep 30 2019n/an/a

₹851m

Jun 30 2019n/an/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

What is the ownership structure of 500655?
Owner TypeNumber of SharesOwnership Percentage
Public Companies146,3500.6%
State or Government688,1803.0%
Institutions849,5473.7%
Private Companies1,946,3918.4%
General Public4,545,71919.6%
Individual Insiders15,056,20764.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 21 shareholders own 79.87% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
43.18%
Shashikant Garware
10,031,373₹7.6b0%no data
5.35%
B.D.Garware Research Centre
1,242,216₹942.9m0%no data
4.49%
Hardik Patel
1,042,357₹791.2m0%no data
3.72%
Ashish Kacholia
864,577₹656.3m0%no data
3.62%
Sarita Ramsay
841,727₹638.9m0%no data
3.62%
Monika Rajiv Modi
841,421₹638.7m0%no data
2.96%
Investor Education and Protection Fund (IEPF)
688,180₹522.4m99.65%no data
2.55%
Minal Patel
593,167₹450.2m-14.9%no data
2.5%
Life Insurance Corporation of India, Asset Management Arm
579,765₹440.1m-2.74%no data
2.02%
Great View Real Estates Pvt Ltd
469,175₹356.1m0%no data
1.16%
Sonia Garware
269,595₹204.6m0%no data
1.01%
Garware Industries Ltd
235,000₹178.4m0%no data
0.76%
Sheela Garware
175,465₹133.2m0%no data
0.7%
Vimal Jain
161,470₹122.6m0%no data
0.63%
Garware Technical Fibres Limited
146,350₹111.1m0%no data
0.6%
Quant Money Managers Limited)
139,000₹105.5m0%0.1%
0.59%
Sejal Dalal
136,000₹103.2m0%no data
0.43%
Mukul Agrawal
99,000₹75.1m0%no data
0.00011%
Chandrashekhar Pathak
25₹19.0k0%no data
0.00011%
Bhupat Doshi
25₹19.0k0%no data
0.00002%
Hemant Nikam
5₹3.8k0%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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500655BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 2000
GRWRHITECHNSEI (National Stock Exchange of India)YesEquity SharesININRJun 2000

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.