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Garware Hi Tech Films Ltd share Price Today

Company details

1,635.00
1,700.00
616.70
2,200.00
6M Return 16.13%
1Y Return 163.64%
Mkt Cap.(Cr) 3,867.20
Volume 4,374
Div Yield 0.61%
OI
-
OI Chg %
-
Volume 4,374

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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.”  

 

 

Result PDF

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Garware Hi Tech Films Ltd shares SWOT Analysis

Strengths (8)

  • Company with high TTM EPS Growth
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (1)

  • RSI indicating price weakness

Resistance and support

R1 1,688.2
R2 1,726.6
R3 1,753.2
Pivot

1,661.62

S1 1,623.2
S2 1,596.6
S3 1,558.2
EMA SMA
1,686.3
1,714.6
1,669.4
1,500.7
1,699.0
1,722.8
1,715.5
1,512.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ASHISH RAMESHCHANDRA KACHOLIA Bulk Purchase 2021-07-29 1005 141871 BSE
ASHISH RAMESHCHANDRA KACHOLIA Bulk Purchase 2021-05-20 755 128000 BSE
ASHISH RAMESHCHANDRA KACHOLIA Bulk Purchase 2021-02-12 669.82 148000 BSE
Name Category Shares
Shashikant Bhalchandra Garware PROMOTER 5.01%
Monika Garware PROMOTER 1.15%
Sarita Garware Ramsay PROMOTER 1.15%
Sheela Shashikant Garware PROMOTER 0.76%
S B GARWARE FAMILY TRUST PROMOTER 38.17%
B D Garware Research Centre Private Limited ( Formerly Known as B D Garware Research Centre) PROMOTER 5.35%
MONIKA GARWARE BENEFIT TRUST PROMOTER 2.47%
SARITA GARWARE BENEFIT TRUST PROMOTER 2.47%
Great View Real Estates Private Limited PROMOTER 2.02%
Garware Industriees Private Limited PROMOTER 1.01%
Sonia Shashikant Garware PROMOTER 1.16%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Garware Hi Tech Films Ltd Stocks COMPARISON

Financials( in Cr) Garware Hi Tech Films Ltd Inox India Ltd EPL Ltd AGI Greenpac Ltd Uflex Ltd
Price 1,664.60 1,340.10 195.20 675.35 439.25
% Change -0.56 1.87 3.89 -3.47 1.87
Mcap Cr 3,867.20 12,163.28 6,214.76 4,369.31 3,171.87
Revenue TTM Cr 1,438.01 965.90 3,694.10 2,281.48 14,662.51
Net Profit TTM Cr 166.14 152.71 230.70 261.64 480.76
PE TTM 20.34 62.97 22.82 17.62 94.03
1 Year Return 163.64 42.57 1.99 10.55 -1.44
ROCE 12.09 37.05 12.11 15.15 10.26
ROE 9.32 29.04 12.10 17.45 8.27
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,855.82 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 105,135.14 -41,239.38
LAST 6M 172,248.08 48,806.90
LAST 12M 264,707.07 127,969.33
Garware Hi-Tech Films Limited - Updates

May 15, 2024 l NSE Announcement

Garware Hi-Tech Films Limited - Other General Purpose

May 13, 2024 l NSE Announcement

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

Garware Hi Tech Films Ltd Information

Stock PE (TTM)
20.34
Promoter Holding
60.72%
Book Value
829.145
ROCE
12.09%
ROE
9.32%
Description
  • Garware Hi Tech Films Ltd (Formerly known Garware Polyester Limited) was incorporated in June, 1957. The company is a leading manufacturer of polyester film in the country. Presently, it is engaged in manufacturing of specialty performance polyester Films like Sun Control window films used in Automobiles, Buildings, etc, Paint Protection Films used in Automobiles and a variety of other specialty polyester films such as PET Shrink films used for Label applications, Low Oligomer PET films used for insulation of hermetically sealed compressors motors, Electric motor insulation and cable insulation, sequin application films, TV and LCD screen application, Packaging applications etc. Prior to these, the Company 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 and became a part of the Garware Group. 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 comprised 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. During 2007-08, the Company implemented ERP (Kamat Soft) project for better business integration, hosted own centralized e-mail server, launched informative web site, installed CCTV for better security control, installed high speed connectivity for all plant locations for voice and data. During 2011-12, Garware Chemicals Limited (GCL) was amalgamated with the Company and through the said Scheme, 2,54,764 equity shares of Rs. 10/- each as fully paid up were allotted to the members of GCL, resulting this, the paid-up equity share capital of the Company was increased. During 2018-19, the Company introduced many Coated Products, Co Extruded Products, PETG Shrink Films for label applications with Low, Medium, and High Shrink Force. High heat rejection films were also introduced in International Market. It introduced Paint Protection Film (PPF) for automobile application. During 2019-20, the Company upgraded and modified PET film manufacturing lines to provide versatility for manufacturing specialty PET films. It launched the Surface Protection Film. The Company was renamed from `Garware Polyester Limited` to `Garware Hi-Tech Films Limited` effective on April 20, 2021. During FY 2022-23, the Company commissioned production of Laminated Sun Control Film.

Registered Address

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

Tel : 91-0240-2554427
Email : awaneesh.srivastava: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) : Sep
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 May 17, 2024 03:50 PM the closing price of Garware Hi Tech Films Ltd was Rs.1,664.60.

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 May 17, 2024 03:50 PM, the market cap of Garware Hi Tech Films Ltd stood at Rs. 3,867.20.

The latest PE ratio of Garware Hi Tech Films Ltd as of May 17, 2024 03:50 PM is 20.34

The latest PB ratio of Garware Hi Tech Films Ltd as of May 17, 2024 03:50 PM is 0.50

The 52-week high of Garware Hi Tech Films Ltd share price is Rs. 2,200.00 while the 52-week low is Rs. 616.70

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