Garware Hi Tech

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.

When is the next results date for Garware Hi Tech Films Ltd?

The next results date for Garware Hi Tech Films Ltd is 06 May 2026.

The next results date for Garware Hi Tech Films Ltd is scheduled for 06 May 2026.

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

Garware Hi Tech Films Ltd's latest results are strong, with a net profit increase of 94.03% quarter-on-quarter and revenue growth of 30.07%. However, the stock's high valuation at 38 times trailing earnings may raise concerns for potential investors.

Garware Hi Tech Films Ltd's latest results for the quarter ended March 2026 indicate a strong performance overall. The company reported a net profit of ₹108.21 crores, which is a remarkable increase of 94.03% quarter-on-quarter and 39.09% year-on-year. Revenue also saw significant growth, reaching ₹596.69 crores, up 30.07% from the previous quarter and 8.90% compared to the same quarter last year. <BR><BR>Additionally, the operating margin expanded to 22.70%, the highest in seven quarters, reflecting effective cost management and operational efficiency. This strong operational momentum suggests that the company is recovering well and capitalizing on robust demand across its product portfolio.<BR><BR>However, it's important to note that the stock is currently trading at a high valuation of 38 times trailing earnings, which is more than double the industry average of 17 times. This raises questions about the sustainability of such high valuations and the potential for future upside.<BR><BR>In summary, while the recent results are impressive and indicate strong operational performance, the high valuation may warrant caution for potential investors. Existing shareholders may feel confident in holding their positions given the positive financial trends, but new investors might want to consider waiting for a more favorable entry point.

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

Why is Garware Hi Tech Films Ltd falling/rising?

As of 18-May, Garware Hi Tech Films Ltd's stock price is Rs 5,384.95, down 0.38%. Despite recent declines, the stock has shown strong performance with a 73.01% year-to-date increase, outperforming the Sensex, and remains financially healthy with significant cash reserves.

As of 18-May, Garware Hi Tech Films Ltd's stock price is currently at Rs 5,384.95, reflecting a decrease of Rs 20.3 or 0.38%. Despite this recent decline, the stock has shown strong performance over various time frames, including a 3.69% increase over the past week and a remarkable 34.46% rise over the past month. Year-to-date, the stock has surged by 73.01%, significantly outperforming the Sensex, which has declined by 11.62% in the same period.<BR><BR>However, the stock has experienced a consecutive fall over the last two days, resulting in a total decline of 1.13%. On the day of the report, it reached an intraday low of Rs 5,169.55, which is a decrease of 4.36%. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 38.13% compared to the five-day average, indicating reduced trading activity.<BR><BR>Despite these short-term challenges, Garware Hi Tech Films Ltd remains a strong performer in the market, trading above its moving averages and being net-debt free, with significant cash reserves and high net sales. The company has consistently generated returns, outperforming the BSE500 over the last three years. Thus, while the stock is currently experiencing a slight decline, its overall performance and financial health suggest a robust position in the market.

Which are the latest news on Garware Hi Tech?