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 30-Mar, Garware Hi Tech Films Ltd's stock price is Rs 3,333.80, down 1.31%, reflecting a broader decline of 9.06% over two days and 18.20% over the month, amid weak momentum and disappointing financial results. The stock's performance is underwhelming compared to the market, with the packaging sector also experiencing a downturn.

As of 30-Mar, Garware Hi Tech Films Ltd's stock price is falling, currently at Rs 3,333.80, reflecting a decrease of Rs 44.3 or 1.31%. The stock has been on a downward trend, having lost 9.06% over the last two days. This decline is further evidenced by its performance over the past week and month, where it has decreased by 2.37% and 18.20%, respectively, while the benchmark Sensex has fallen only 1.03% and 10.33% in the same periods.<BR><BR>The stock is trading below its moving averages across various time frames, indicating weak momentum. Additionally, the packaging sector, in which Garware operates, has also seen a decline of 2.88%. Despite some positive indicators, such as increased institutional investor participation and a low debt-to-equity ratio, the company's recent financial results have been disappointing. The operating profit has grown at a modest annual rate of 14.03% over the last five years, and recent quarterly results showed significant declines in profit before tax, profit after tax, and net sales compared to previous quarters.<BR><BR>Overall, the combination of poor short-term performance, disappointing financial results, and underperformance relative to the market has contributed to the stock's current decline.

Which are the latest news on Garware Hi Tech?