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GRWR

Garware Hi-Tech Films NSEI:GRWRHITECH Stock Report

Last Price

₹645.65

Market Cap

₹15.5b

7D

-4.5%

1Y

n/a

Updated

22 Jun, 2022

Data

Company Financials
GRWRHITECH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

GRWRHITECH 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₹645.65
52 Week High₹889.00
52 Week Low₹583.25
Beta0.50
1 Month Change-1.67%
3 Month Change-13.80%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-23.93%

Recent News & Updates

Feb 28
Market Still Lacking Some Conviction On Garware Hi-Tech Films Limited (NSE:GRWRHITECH)

Market Still Lacking Some Conviction On Garware Hi-Tech Films Limited (NSE:GRWRHITECH)

Garware Hi-Tech Films Limited's ( NSE:GRWRHITECH ) price-to-earnings (or "P/E") ratio of 12x might make it look like a...

Shareholder Returns

GRWRHITECHIN ChemicalsIN Market
7D-4.5%-2.0%-1.6%
1Yn/a-2.9%-1.6%

Return vs Industry: Insufficient data to determine how GRWRHITECH performed against the Indian Chemicals industry.

Return vs Market: Insufficient data to determine how GRWRHITECH performed against the Indian Market.

Price Volatility

Is GRWRHITECH's price volatile compared to industry and market?
GRWRHITECH volatility
GRWRHITECH Average Weekly Movement5.6%
Chemicals Industry Average Movement6.7%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.7%
10% least volatile stocks in IN Market4.4%

Stable Share Price: GRWRHITECH is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: Insufficient data to determine GRWRHITECH's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
19331,800Shashikant 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. Its polyester films are used in various application, such as label application, electrical cable insulations, graphics, packaging, face shields, thermal, TV screens, etc. The company was formerly known as Garware Polyester Limited and changed its name to Garware Hi-Tech Films Limited in April 2021.

Garware Hi-Tech Films Fundamentals Summary

How do Garware Hi-Tech Films's earnings and revenue compare to its market cap?
GRWRHITECH fundamental statistics
Market Cap₹15.45b
Earnings (TTM)₹1.67b
Revenue (TTM)₹13.03b

9.2x

P/E Ratio

1.2x

P/S Ratio

Is GRWRHITECH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRWRHITECH income statement (TTM)
Revenue₹13.03b
Cost of Revenue₹6.35b
Gross Profit₹6.68b
Other Expenses₹5.01b
Earnings₹1.67b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)71.96
Gross Margin51.27%
Net Profit Margin12.83%
Debt/Equity Ratio10.7%

How did GRWRHITECH perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

14%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is GRWRHITECH 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

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GRWRHITECH?

Other financial metrics that can be useful for relative valuation.

GRWRHITECH 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/Revenue1.1x
Enterprise Value/EBITDA6x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

GRWRHITECH PE Ratio vs Peers
The above table shows the PE ratio for GRWRHITECH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.9x

Price-To-Earnings vs Peers: GRWRHITECH is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (13.9x).


Price to Earnings Ratio vs Industry

How does GRWRHITECH's PE Ratio compare vs other companies in the Indian Chemicals Industry?

Price-To-Earnings vs Industry: GRWRHITECH is good value based on its Price-To-Earnings Ratio (9.2x) compared to the Indian Chemicals industry average (16.6x)


Price to Earnings Ratio vs Fair Ratio

What is GRWRHITECH'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.

GRWRHITECH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GRWRHITECH's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GRWRHITECH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GRWRHITECH (₹645.65) is trading above our estimate of fair value (₹169.52)

Significantly Below Fair Value: GRWRHITECH is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GRWRHITECH's PEG Ratio to determine if it is good value.


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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


17.6%

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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Past Performance

How has Garware Hi-Tech Films performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


29.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GRWRHITECH has high quality earnings.

Growing Profit Margin: GRWRHITECH's current net profit margins (12.8%) are higher than last year (12.7%).


Past Earnings Growth Analysis

Earnings Trend: GRWRHITECH's earnings have grown significantly by 29.3% per year over the past 5 years.

Accelerating Growth: GRWRHITECH's earnings growth over the past year (32.7%) exceeds its 5-year average (29.3% per year).

Earnings vs Industry: GRWRHITECH earnings growth over the past year (32.7%) exceeded the Chemicals industry 29.6%.


Return on Equity

High ROE: GRWRHITECH's Return on Equity (9.8%) is considered low.


Discover strong past performing companies

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: GRWRHITECH's short term assets (₹6.0B) exceed its short term liabilities (₹2.6B).

Long Term Liabilities: GRWRHITECH's short term assets (₹6.0B) exceed its long term liabilities (₹1.6B).


Debt to Equity History and Analysis

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

Reducing Debt: GRWRHITECH's debt to equity ratio has reduced from 24.4% to 10.7% over the past 5 years.

Debt Coverage: GRWRHITECH's debt is well covered by operating cash flow (94.4%).

Interest Coverage: GRWRHITECH's interest payments on its debt are well covered by EBIT (11.5x coverage).


Balance Sheet


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Dividend

What is Garware Hi-Tech Films's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.50%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GRWRHITECH's dividend (1.5%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: GRWRHITECH's dividend (1.5%) is low compared to the top 25% of dividend payers in the Indian market (1.93%).


Stability and Growth of Payments

Stable Dividend: GRWRHITECH's dividend payments have been volatile in the past 10 years.

Growing Dividend: GRWRHITECH's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (13.9%), GRWRHITECH's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (50.4%), GRWRHITECH'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?

2.7yrs

Average management tenure


CEO

Shashikant Garware (87 yo)

no data

Tenure

₹74,442,000

Compensation

Mr. 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

Compensation vs Market: Shashikant's total compensation ($USD953.15K) is above average for companies of similar size in the Indian market ($USD202.20K).

Compensation vs Earnings: Shashikant's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: GRWRHITECH's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: GRWRHITECH's board of directors are seasoned and experienced ( 10.5 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

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


Top Shareholders

Company Information

Garware Hi-Tech Films Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Garware Hi-Tech Films Limited
  • Ticker: GRWRHITECH
  • Exchange: NSEI
  • Founded: 1933
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: ₹15.453b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/22 00:00
End of Day Share Price2022/06/22 00:00
Earnings2022/03/31
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.