Garware Technical Fibres Limited is an India-based company engaged in the manufacturing and marketing of technical textiles. The company’s product portfolio includes ropes, twines, nettings, synthetic fabric, fibre, yarn, woven and non-woven textiles, steel-coated gabions, and secugrids. It also provides solutions for various industries, including fisheries, aquaculture, sports, shipping, and geo-synthetics. The company was incorporated on 1 April 1976, with its headquarters in Pune, Maharashtra. As of 31 October 2022, the company's market capitalisation stood at Rs 7,218 crore.
The company is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the codes GARFIBRES and 509557, respectively.
At present, Garware Technical Fibres Limited is selling its products in domestic as well as several international markets. The fisheries solutions of the company include fishing nets, HYDE, ropes, olivine, sapphire, and filament yarns. The company’s shipping and industrial solutions include power transmission services, submersible pumps, and speciality ropes. Its sports solutions include badminton and volleyball nets, mountaineering ropes, battle ropes, etc. For the quarter that ended in June 2022, the company reported consolidated sales of Rs 355.98 crore with a net profit of Rs 47.77 crore.
The shareholding pattern of the company in September 2022 reflected a 52.62% stake in the company was held by promoters, a 33.96% stake was held by retail investors, an 8.33% stake was held by foreign institutional investors, a 5.08% stake was invested in mutual funds, and the remaining 0.01% stake was held by other domestic institutions. The company’s management team comprises Mr V R Garware (chairman and managing director), Mr S P Kulkarni (director), Mr R M Telang (director), Mr S S Rajpathak (director), and Ms Mallika Sagar (director), among others.
On 1 November 2022, Garware Technical Fibres Limited’s shares were trading at Rs 3,485.50 per share at the NSE and Rs 3,479.00 at the BSE. The 52-week high and 52-week low prices of this share at the NSE were Rs 3,843.40 and Rs 2.619.80, respectively. Garware Technical Fibres Limited shares have given a six-month return of 14.57%. The top peers of the company include Grasim Industries, Vardhman Textile, Sheela Foam, and Trident.
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