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Garware Hi Tech Films Ltd share Price

Company details

1,317.05
1,375.00
491.35
1,413.80
6M Return 165.02%
1Y Return 106.19%
Mkt Cap.(Cr) 3,191.73
Volume 43,774
Div Yield 0.77%
OI
-
OI Chg %
-
Volume 43,774

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Containers & Packaging company Garware Hi-Tech Films announced Q1FY24 results:

  • Revenue of Rs 380 crore in Q1FY24 compared to Rs 370 crore in Q1FY23, up 2.7% YoY
  • EBITDA of Rs 73 crore in Q1FY24 compared to Rs 71 crore in Q1FY23, up 2.9% YoY
  • Cash Profit of Rs 54 crore in Q1FY24 compared to Rs 52 crore in Q1FY23, up 3.3% YoY
  • PBT of Rs 59 crore in Q1FY24, down 1% YoY
  • PAT of Rs 44 crore in Q1FY24 compared to Rs 43 crore in Q1FY23, down 1.9% YoY
  • EPS of Rs 18.81 in Q1FY24 compared to Rs 19.17 in Q1FY23
  • Debt prepaid by Rs 50 crore, total debt presently at Rs 73 crore.
  • Solar protection and speciality films saw a recovery in volumes during Q1FY24 compared to Q4FY23.

Commenting on the results, Dr. S B Garware, Chairman and Managing Director, said, "GHFL has embarked on a major transformation journey with speciality films, expanded distribution channels, and a customer-centric approach at its core. Building on the initiatives undertaken a few years ago, the company has effectively positioned itself as a leading manufacturer and exporter of Solar Control Films, Paint Protection Films, and other specialised polyester films. In addition, the commitment to financial improvement is reflected in a strong balance sheet with a healthy cash reserve and a remarkable achievement of zero net debt.”

Monika Garware, Vice Chairman and Joint Managing Director added, "Improving our product mix towards value-added films remains a top priority, supported by expected macroeconomic improvements in key markets such as the US and Europe. While the poly-film industry faces challenges from overcapacity and oversupply, GHFL's outstanding performance is attributed to its commitment to value-added products and its ability to navigate through global macroeconomic adversity. These high-value-added speciality films account for a significant 80% of the company's total revenues, playing a key role in maintaining revenue stability and driving profitability.”  

 

 

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FINANCIALS

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Garware Hi Tech Films Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,855.82 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,014.89 -11,775.55
LAST 3M 48,885.55 -315.90
LAST 6M 51,016.24 146,552.89
LAST 12M 134,434.58 164,088.22
Garware Hi-Tech Films Limited - Loss of Share Certificates

Sep 27, 2023 l NSE Announcement

Garware Hi-Tech Films Limited - Loss of Share Certificates

Sep 26, 2023 l NSE Announcement

Garware Hi-Tech Films Limited - Loss of Share Certificates

Sep 22, 2023 l NSE Announcement

Date Action Type Ratio
Sep 20, 2023 Dividend 100
Sep 19, 2022 Dividend 100
Sep 20, 2021 Dividend 100

Garware Hi Tech Films Ltd Information

Stock PE (TTM)
18.33
Promoter Holding
60.72%
Book Value
798.8064
ROCE
12.09%
ROE
9.32%
Description
  • Incorporated on Jun.`57, Garware Polyester (GPL) was primarily manufacturing moulds and dyes for the plastic manufacturers. In 1976, another group company Garware Plastics was merged with it and the name of the company was changed to Garware Plastics and Polyesters. Later on, the company acquired its present name. It is a part of the Garware group and is managed by S B Garware Chairman and Managing Director of the company. The company is a leading manufacturer of polyester film in the country. Apart from polyester films, the company has diversified into video magnetic tapes, computer tapes, audio magnetic tapes, U-matic video cassettes, and value-added products like sun-control films. GPL`s exports comprise mainly of polyester film and film-based products, to western Europe, the US, South Korea, Australia and New Zealand. In 1994-95, Garware Photo and Polyester Films, which manufactures plastic products, ceased to be a subsidiary of the company. The company has formed Garware Chemicals Pvt Ltd, a new company, to implement a project for the manufacture of di-methyl terephthalate (DMT), the main raw material for the manufacture of polyester films. Garware Polyester International and Global Pet Films Inc are the subsidiaries of the company. The company`s subsidiary, Garware Chemicals Limited implemented DMT project with 60000 MT per annum capacity. The production was commenced in the early part of 1999-2000. The company opened warehousing and marketing outfit in Miami(USA) and UK.

Registered Address

Naigaon, Post Waluj, Aurangabad (Maharashtra), Maharashtra, 431133

Tel : 91-0240-2554427
Email : vsv:garwarepoly.com
Website : http://www.garwarepoly.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500655
NSE Code : GRWRHITECH
Book Closure Date (Month) :
BSE Group : B
ISIN : INE291A01017

FAQ’s on Garware Hi Tech Films Ltd Shares

You can buy Garware Hi Tech Films Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Garware Hi Tech Films Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 28, 2023 12:29 PM the closing price of Garware Hi Tech Films Ltd was ₹ 1,373.85.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 28, 2023 12:29 PM, the market cap of Garware Hi Tech Films Ltd stood at ₹ 3,191.73.

The latest PE ratio of Garware Hi Tech Films Ltd as of Sep 28, 2023 12:29 PM is 18.33

The latest PB ratio of Garware Hi Tech Films Ltd as of Sep 28, 2023 12:29 PM is 0.61

The 52-week high of Garware Hi Tech Films Ltd is ₹ 1,413.80 while the 52-week low is ₹ 491.35

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