Garware Hi Tech Films Experiences Quality Grade Change Amid Competitive Industry Landscape

Garware Hi Tech Films has recently undergone an evaluation revision, reflecting its current standing within the plastic products industry. The company has demonstrated notable sales growth over the past five years, achieving a rate of 19.84%. Additionally, its EBIT growth during the same period stands at 21.43%, indicating a solid operational performance.
Financial metrics reveal a favorable EBIT to interest ratio of 24.84, alongside a low debt to EBITDA ratio of 0.42, suggesting a manageable debt level relative to earnings. The company's net debt to equity ratio is at 0.00, highlighting a debt-free position. Furthermore, Garware's sales to capital employed ratio is 0.75, which indicates efficient use of capital.

In terms of returns, Garware Hi Tech has shown strong performance over longer periods, with a remarkable 414.99% return over three years and an impressive 1111.87% over five years. However, its year-to-date return is down by 25.71%, contrasting with the Sensex's 8.22% gain.

When compared to its peers, Garware Hi Tech's performance metrics present a mixed picture, with some competitors like AGI Greenpac showing stronger quality indicators. This context underscores the competitive landscape within the industry, where Garware must navigate challenges to enhance its market position.