Garware Hi Tech

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What does Garware Hi Tech do?

Garware Hi Tech Films Ltd is a leading manufacturer of polyester film, incorporated in 1957, with a market cap of Rs 10,395 Cr and reported net sales of 548 Cr and net profit of 78 Cr for the quarter ending March 2025. Key metrics include a P/E of 33.00 and a return on equity of 13.97%.

Overview:<BR>Garware Hi Tech Films Ltd is a leading manufacturer of polyester film in the plastic products industry and operates within the mid-cap market segment.<BR><BR>History:<BR>The company was incorporated in June 1957 and was formerly known as Garware Polyester Limited. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 548 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 78 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 10,395 Cr (Mid Cap) <BR><BR>Key Metrics:<BR>P/E: 33.00 <BR>Industry P/E: 21 <BR>Dividend Yield: 0.22% <BR>Debt-Equity: -0.27 <BR>Return on Equity: 13.97% <BR>Price to Book: 4.54 <BR><BR>Contact Details:<BR>Address: Naigaon, Post Waluj Aurangabad (Maharashtra) Maharashtra : 431133 <BR>Tel: 91-0240-2554427 <BR>Email: vsv@garwarepoly.com <BR>Website: http://www.garwarepoly.com

Who are in the management team of Garware Hi Tech?

As of March 2023, the management team of Garware Hi Tech includes S B Garware (Chairman & Managing Director), Monika Garware Modi (Vice Chairperson & Joint Managing Director), and several other directors, totaling 12 members with diverse expertise.

As of March 2023, the management team of Garware Hi Tech includes the following individuals:<BR><BR>1. S B Garware - Chairman & Managing Director<BR>2. Monika Garware Modi - Vice Chairperson & Joint Managing Director<BR>3. Sarita Garware - Executive Director / Joint Managing Director / Promoter<BR>4. Sonia Garware - Non-Executive Director<BR>5. Uday Vasantrao Joshi - Executive Director & Wholetime Director<BR>6. M C Agarwal - Independent Non-Executive Director<BR>7. Ramesh P Makhija - Independent Non-Executive Director<BR>8. Tushar M Parikh - Independent Non-Executive Director<BR>9. Nilesh R Doshi - Independent Non-Executive Director<BR>10. Vivekanand Heroor Kamath - Independent Non-Executive Director<BR>11. Devanshi H Nanavati - Independent Non-Executive Woman Director<BR>12. M S Adsul - Executive Director & Wholetime Director<BR><BR>This team brings a diverse range of experience and expertise to the company.

Has Garware Hi Tech declared dividend?

Garware Hi Tech Films Ltd has declared a 100% dividend, amounting to ₹10 per share, with an ex-date of September 17, 2024. Despite recent volatility, the company has shown significant long-term growth, particularly with a total return of 2468.88% over the past five years.

Garware Hi Tech Films Ltd has declared a 100% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 100%<BR>- Amount per share: 10<BR>- Ex-date: 17 Sep 24<BR><BR>Dividend Yield: 0.22%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -10.36%, with a dividend return of 0%, resulting in a total return of -10.36%.<BR><BR>Over the past year, the price return was 137.12%, the dividend return was 0.47%, leading to a total return of 137.59%.<BR><BR>In the 2-year period, the price return stood at 461.96%, with a dividend return of 2.52%, culminating in a total return of 464.48%.<BR><BR>For the 3-year period, the price return was 574.71%, the dividend return was 4.65%, resulting in a total return of 579.36%.<BR><BR>In the last 4 years, the price return was 393.06%, with a dividend return of 4.45%, leading to a total return of 397.51%.<BR><BR>Finally, over the past 5 years, the price return reached 2449.67%, with a dividend return of 19.21%, resulting in a total return of 2468.88%.<BR><BR>Overall, Garware Hi Tech Films Ltd has declared a substantial dividend, and while recent returns have shown volatility, the long-term performance indicates significant growth, especially in price returns over the past five years.

Who are the peers of the Garware Hi Tech?

Garware Hi Tech's peers include Supreme Inds., Astral, Finolex Inds., Shaily Engineer, Time Technoplast, Kingfa Science, Jain Irrigation, Prince Pipes, Apollo Pipes, and Jai Corp. Garware Hi Tech has the highest 1-year return at 155.66%, while Prince Pipes has the lowest at -47.04%.

Peers: The peers of Garware Hi Tech are Supreme Inds., Astral, Finolex Inds., Shaily Engineer., Time Technoplast, Kingfa Science, Jain Irrigation, Prince Pipes, Apollo Pipes, and Jai Corp.<BR><BR>Quality Snapshot: Excellent management risk is observed at Supreme Inds. and Kingfa Science, while Good management risk is found at Astral, Finolex Inds., Shaily Engineer., Time Technoplast, Prince Pipes, and Apollo Pipes, and Average management risk is present at Garware Hi Tech. Below Average management risk is noted for Jain Irrigation and Jai Corp. In terms of Growth, Excellent growth is seen at Shaily Engineer. and Kingfa Science, Good growth is found at Astral, while Average growth is present at Garware Hi Tech and Finolex Inds., and Below Average growth is noted for Time Technoplast and Prince Pipes. Capital Structure ratings show Excellent at Supreme Inds., Finolex Inds., and Kingfa Science, Good at Shaily Engineer., Time Technoplast, and Apollo Pipes, and Below Average at Jain Irrigation.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Garware Hi Tech at 155.66%, while the lowest is Prince Pipes at -47.04%. Garware Hi Tech's return significantly outperforms all peers. Additionally, the six-month return is negative for Supreme Inds., Finolex Inds., Jain Irrigation, Prince Pipes, and Jai Corp.

Who are the top shareholders of the Garware Hi Tech?

The top shareholder of Garware Hi Tech is the S B Garware Family Trust, holding 38.17%. Other significant shareholders include mutual funds (4.1%), foreign institutional investors (3.5%), and individual investors (22.31%).

The top shareholders of Garware Hi Tech include the S B Garware Family Trust, which holds the highest stake at 38.17%. The company is primarily owned by its promoters, with no pledged promoter holdings reported. Additionally, mutual funds hold about 4.1% of the shares through 15 different schemes, while foreign institutional investors (FIIs) account for 3.5% through 97 different entities. The highest public shareholder is the LIC Mutual Fund Multi Cap Fund, with a holding of 2.48%. Individual investors collectively own 22.31% of the company.

How big is Garware Hi Tech?

As of 24th July, Garware Hi Tech Films Ltd has a market capitalization of 8,576.00 Cr, with net sales of 2,109.36 Cr and a net profit of 331.22 Cr reported in the latest four quarters.

As of 24th July, Garware Hi Tech Films Ltd has a market capitalization of 8,576.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, the company reported net sales of 2,109.36 Cr and a net profit of 331.22 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing shareholder's funds of 2,044.80 Cr and total assets of 2,323.70 Cr.

Is Garware Hi Tech overvalued or undervalued?

As of November 14, 2025, Garware Hi Tech is considered overvalued with a PE ratio of 27.89 and an EV to EBITDA of 19.41, significantly higher than its peers, and despite a recent 1-week return of 10.26%, it has underperformed over the year with a return of -12.46%.

As of 14 November 2025, Garware Hi Tech has moved from an expensive to a very expensive valuation grade. The company is currently overvalued based on its financial metrics. Key ratios include a PE ratio of 27.89, an EV to EBITDA of 19.41, and a Price to Book Value of 3.48, all of which are significantly higher than its peers. For instance, AGI Greenpac, which is rated attractive, has a PE of 14.45 and an EV to EBITDA of 9.00, highlighting the disparity in valuation.<BR><BR>In comparison to its peers, Garware Hi Tech's PEG ratio of 13.02 also stands out, indicating a premium valuation relative to companies like Uflex, which has a PEG of 0.75. Despite recent stock performance showing a strong 1-week return of 10.26% compared to the Sensex's 1.62%, the overall trend indicates that the stock has underperformed over the year with a return of -12.46% against the Sensex's 9.00%. This further reinforces the conclusion that Garware Hi Tech is currently overvalued in the market.

How has been the historical performance of Garware Hi Tech?

Garware Hi Tech has shown consistent growth, with net sales increasing from 924.83 Cr in Mar'20 to 2,109.36 Cr in Mar'25, and profit after tax rising from 86.02 Cr to 331.22 Cr during the same period. The company has also eliminated long-term borrowings and improved cash flow, indicating strong financial stability.

Answer:<BR>The historical performance of Garware Hi Tech shows a consistent growth trend in net sales and profits over the years.<BR><BR>Breakdown:<BR>Garware Hi Tech has demonstrated significant growth in net sales, increasing from 924.83 Cr in Mar'20 to 2,109.36 Cr in Mar'25. This upward trend is reflected in total operating income, which rose from 924.83 Cr in Mar'20 to 2,109.36 Cr in Mar'25. The company's operating profit (PBDIT) also improved, reaching 495.49 Cr in Mar'25, up from 173.47 Cr in Mar'20. Profit before tax followed a similar trajectory, climbing from 134.72 Cr in Mar'20 to 445.48 Cr in Mar'25, while profit after tax increased from 86.02 Cr to 331.22 Cr over the same period. The company's total assets grew from 1,654.08 Cr in Mar'20 to 2,681.99 Cr in Mar'25, indicating a robust expansion in its asset base. Additionally, Garware Hi Tech has effectively reduced its long-term borrowings to zero by Mar'25, down from 75.36 Cr in Mar'23, showcasing improved financial stability. The cash flow from operating activities also saw a positive trend, increasing from 99.00 Cr in Mar'20 to 329.00 Cr in Mar'25, contributing to a net cash inflow of 2.00 Cr in Mar'25. Overall, Garware Hi Tech's financial metrics reflect a strong performance and growth trajectory over the years.

Is Garware Hi Tech technically bullish or bearish?

As of December 1, 2025, Garware Hi Tech's trend has shifted to mildly bearish due to bearish signals from daily moving averages and monthly MACD, despite some bullish indicators on the weekly timeframe.

As of 1 December 2025, the technical trend for Garware Hi Tech has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish trend and the monthly MACD showing a mildly bearish signal. The weekly MACD and KST remain bullish, but the overall trend is tempered by the bearish signals from the moving averages and Dow Theory, which is also mildly bearish on the weekly timeframe. The Bollinger Bands are mildly bullish on both weekly and monthly charts, but this is not enough to offset the bearish indicators.

Are Garware Hi Tech Films Ltd latest results good or bad?

Garware Hi Tech Films Ltd's latest Q3 FY26 results are concerning, showing a 38.87% decline in net profit and a 19.48% drop in revenue quarter-on-quarter. The company's operating margin has also significantly decreased, leading to a "Strong Sell" rating, indicating serious operational challenges.

Garware Hi Tech Films Ltd's latest results for Q3 FY26 indicate a significant decline in performance, which can be characterized as concerning. The company reported a net profit of ₹55.77 crores, reflecting a sharp decrease of 38.87% quarter-on-quarter and 8.29% year-on-year. Revenue also fell to ₹458.74 crores, down 19.48% from the previous quarter and 1.64% year-on-year. <BR><BR>The operating margin has compressed to 15.32%, which is a notable drop of 565 basis points from the previous quarter, marking the lowest level in at least seven quarters. This deterioration in both revenue and profitability raises serious concerns about the company's operational challenges, particularly in the specialty films segment where demand appears to be weakening.<BR><BR>Additionally, the company's proprietary Mojo Score has dropped to 23 out of 100, resulting in a "Strong Sell" rating, a stark change from its previous "Hold" recommendation. Overall, the latest results suggest that Garware Hi Tech Films is facing significant operational headwinds, making the current outlook quite negative.

Should I buy, sell or hold Garware Hi Tech Films Ltd?

Why is Garware Hi Tech Films Ltd falling/rising?

As of 17-Mar, Garware Hi Tech Films Ltd's stock price is at 3,777.35, reflecting a 2.06% decline. The stock has underperformed the Sensex and shows reduced investor interest, contributing to its bearish trend.

As of 17-Mar, Garware Hi Tech Films Ltd's stock price is falling, currently at 3,777.35, which reflects a decrease of 79.55 or 2.06%. This decline is evident in the stock's performance over the past week, where it has underperformed the benchmark Sensex by 7.22%, and over the past month, it has dropped by 13.56%, compared to an 8.84% decrease in the Sensex. <BR><BR>Today's trading session shows that the stock touched an intraday low of Rs 3750, marking a decline of 2.77%. Additionally, the stock's performance today underperformed its sector by 0.79%. The weighted average price indicates that more volume was traded closer to this low price, suggesting a lack of buying interest at higher levels. <BR><BR>Investor participation has also decreased, with delivery volume falling by 20.06% against the 5-day average, indicating reduced interest from investors. Although the stock remains above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages, further indicating a bearish trend. Overall, these factors contribute to the stock's current downward movement.

Why is Garware Hi Tech Films Ltd falling/rising?

As of 18-Mar, Garware Hi Tech Films Ltd's stock price is rising to Rs 3,868.60, up 2.42%, driven by positive market sentiment, increased investor participation, and a significant market presence despite recent poor performance.

As of 18-Mar, Garware Hi Tech Films Ltd's stock price is rising, currently at Rs 3,868.60, reflecting an increase of Rs 91.25 or 2.42%. This upward movement can be attributed to several factors. Firstly, the stock has outperformed its sector by 0.35% today, indicating positive market sentiment. Additionally, the stock reached an intraday high of Rs 3,920, marking a 3.78% increase during the trading day.<BR><BR>Investor participation has also increased, with delivery volume rising by 55.67% compared to the 5-day average, suggesting heightened interest from investors. Furthermore, institutional investors have increased their stake by 0.78% in the last quarter, now holding 9.31% of the company, which typically indicates confidence in the company's fundamentals.<BR><BR>Despite some negative factors, such as the company's recent poor quarterly performance and underperformance over the past year, the current rise in stock price is supported by strong sector performance, increased investor participation, and the company's significant market presence, constituting 37.77% of its sector.

Why is Garware Hi Tech Films Ltd falling/rising?

As of 19-Mar, Garware Hi Tech Films Ltd's stock price has declined to Rs 3,694.20, reflecting a drop of -4.83%. This decline is driven by poor financial results, significant underperformance against the market and sector, and concerns over high valuation.

As of 19-Mar, Garware Hi Tech Films Ltd is experiencing a decline in its stock price, currently at Rs 3,694.20, which reflects a change of -187.6 (-4.83%). This drop can be attributed to several factors highlighted in the source data. <BR><BR>Firstly, the stock has underperformed significantly compared to the benchmark Sensex, with a 1-week decline of -9.53% against the Sensex's -2.40%. Over the past month, the stock has fallen by -12.12%, while the Sensex decreased by -10.05%. This trend indicates a consistent underperformance relative to the broader market.<BR><BR>Today's trading session saw the stock open with a loss of -2.75% and reach an intraday low of Rs 3,672.05, marking a decrease of -5.4%. The weighted average price suggests that more volume was traded closer to this low price, indicating bearish sentiment among investors. Additionally, the stock's performance today underperformed its sector by -1.2%, further contributing to the downward pressure on the price.<BR><BR>The company's recent financial results have also raised concerns. The profit before tax (PBT) decreased by -37.7% compared to the previous four-quarter average, and the profit after tax (PAT) fell by -28.7%. Furthermore, net sales dropped by -11.7%, which reflects a troubling trend in the company's operational performance. <BR><BR>Despite a low debt-to-equity ratio and increasing participation from institutional investors, the overall sentiment remains negative due to the company's poor long-term growth prospects, as indicated by an operating profit growth rate of only 14.03% over the last five years. The stock's valuation appears expensive, trading at a price-to-book value of 3.4, which is higher than its peers' average historical valuations. <BR><BR>In summary, the combination of poor recent financial results, significant underperformance relative to the market and sector, and concerns over valuation are contributing to the decline in Garware Hi Tech Films Ltd's stock price.

Why is Garware Hi Tech Films Ltd falling/rising?

As of 20-Mar, Garware Hi Tech Films Ltd's stock price is Rs 3,649.00, reflecting a decline of -0.97% and a total drop of -6% over the last two days. The stock has underperformed its sector and has seen decreased investor participation, attributed to poor recent financial results.

As of 20-Mar, Garware Hi Tech Films Ltd is experiencing a decline in its stock price, currently at Rs 3,649.00, which reflects a change of -35.6 (-0.97%). The stock has been underperforming, having fallen for the last two days with a total drop of -6% during this period. Despite opening with a gain of 5.84% today and reaching an intraday high of Rs 3,899.95, the overall performance has been negative, underperforming its sector by -0.49%.<BR><BR>Over the past week, the stock has decreased by -4.67%, and its one-month performance shows a significant decline of -12.93%. Year-to-date, however, it has shown a positive return of +17.24%, indicating some volatility in its performance. The stock's moving averages reveal that it is currently higher than the 100-day and 200-day averages but lower than the 5-day, 20-day, and 50-day averages, suggesting mixed short-term momentum.<BR><BR>Investor participation has also decreased, with delivery volume falling by -19.79% compared to the 5-day average. This decline in trading activity may contribute to the stock's downward trend. Additionally, the company's recent financial results have not been favorable, with a significant drop in profit after tax and net sales reported in the last quarter, which could further impact investor sentiment negatively.<BR><BR>Overall, the combination of recent poor financial performance, declining investor participation, and the stock's underperformance relative to the market and sector are key factors contributing to the current fall in Garware Hi Tech Films Ltd's stock price.

Which are the latest news on Garware Hi Tech?

Which are the latest news on Garware Hi Tech?

Which are the latest news on Garware Hi Tech?