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Garware Technical Fibres Ltd share Price Today

Company details

4,084.00
4,165.00
3,007.00
4,265.00
6M Return 22.29%
1Y Return 32.68%
Mkt Cap.(Cr) 8,218.55
Volume 11,731
Div Yield 0.07%
OI
-
OI Chg %
-
Volume 11,731

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Textiles company Garware Technical Fibres announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Net Sales increased by 3% to Rs 382.3 crore in Q4FY24 as compared to Rs 370.5 crore in Q4FY23
  • Profit before tax increased by 17%to Rs 91.5 crore in Q4FY24 as compared to Rs 78.5 crore in the same period last year
  • Net profit after tax has increased by 16% to Rs 69.5 crore in Q4FY24 as against Rs 59.7 crore in the corresponding period of FY23
  • EPS for Q4 FY24 is at Rs 34.1 this is a growth of 17.4%over Q4FY23

FY24 Financial Highlights:

  • Net Sales increased by 2% to Rs 1325.6 crore in FY24 as compared to Rs 1305.6 crore in FY23
  • Profit before tax increased by 22% to Rs 271.7 crore in FY24 as compared to Rs 223.2 crore in the same period last year
  • Net profit after tax has increased by 21% to Rs 208.2 crore in FY24 as against Rs 172.2 crore in the corresponding period of FY23
  • EPS for FY24 is at Rs 102.2 this is a growth of 22% over FY23

In a statement, Vayu Garware, CMD, Garware Technical Fibres said, "Q4FY24 has shown a profit growth of 17% over previous Q4FY23 on account of strong demand from Norway and northern Europe. Operating margins improved by 200 basis points over previous year Q4 on the back of further improved product mix and strong demand for value added solutions.

In FY24 the Company was able to cross a milestone of Rs 200 crore PAT and EPS crossing Rs 100/-. Growth in FY24 was fuelled by Aquaculture, Geosynthetics and from the domestic business. Net profit before tax increases by 22% in FY24. Sustained focus on fund generation from operations delivered a strong free cash flow for the year.

We look forward for a strong H1FY25 on account of continuing good demand in Aquaculture segment from Chile & Norway for our newer solutions. Geosynthetics business also is expected to continue its growth momentum with good visibility.

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Garware Technical Fibres Ltd shares SWOT Analysis

Strengths (13)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong QoQ EPS Growth in recent results
  • Growth stocks, promoters increasing shareholding

Weakness (1)

  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (2)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 4,175.1
R2 4,210.6
R3 4,256.1
Pivot

4,129.57

S1 4,094.1
S2 4,048.6
S3 4,013.1
EMA SMA
3,726.5
3,516.1
3,431.1
3,352.0
3,619.2
3,413.2
3,421.9
3,339.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SBI MUTUAL FUND Bulk Purchase 2023-05-16 2976.75 213707 NSE
SBI MUTUAL FUND Bulk Sell 2023-05-16 2976.75 209183 NSE
HOBER MALLOW TRUST Bulk Purchase 2017-11-23 913.73 162983 NSE
Name Category Shares
Vayu Ramesh Garware PROMOTER 6.2%
Garware Capital Markets Ltd. PROMOTER 17.97%
SukukarHoldings and Trading Co P Ltd Partner representing PartnershipFirm ie RameshTradingCo PROMOTER 5.05%
Vmir Investment Limited PROMOTER 4.63%
Vrg Investments Private Limited PROMOTER 4.44%
Gurukrupa Comtrade P Ltd Partner representing Partnership Firm ie Sunita Trading Co PROMOTER 4.03%
Vimlabai Garware Research Institute Private Limited PROMOTER 2.79%
Moonshine Investments & Trading Co.Pvt.Ltd. PROMOTER 2.31%
Manmit Investments & Trading Company Private Ltd. PROMOTER 1.43%
Sanand Investments & Trading Co Pvt Ltd PROMOTER 1.38%
Sukukar Holdings & Trading Company Private Limited PROMOTER 1.29%
Starshine Comtrade Private Ltd. PROMOTER 1.02%

FINANCIALS

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

Garware Technical Fibres Ltd Stocks COMPARISON

Financials( in Cr) Garware Technical Fibres Ltd Grasim Industries Ltd Trident Ltd Raymond Ltd Welspun Living Ltd
Price 4,139.70 2,471.20 39.39 2,487.50 144.14
% Change 0.30 0.53 -1.60 -1.34 2.36
Mcap Cr 8,218.55 168,177.52 20,072.97 16,560.28 14,007.64
Revenue TTM Cr 1,305.55 117,627.08 6,332.26 9,019.51 8,093.76
Net Profit TTM Cr 172.20 11,078.20 441.61 1,643.07 202.51
PE TTM 40.34 26.80 58.07 10.04 20.08
1 Year Return 32.68 42.76 17.58 50.06 51.01
ROCE 21.10 9.04 11.89 30.24 5.91
ROE 17.33 14.35 10.99 43.72 5.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,016.40 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,930.46 -6,140.05
LAST 3M 112,173.55 -45,499.40
LAST 6M 183,830.47 -16,034.02
LAST 12M 290,122.07 99,526.79
Garware Technical Fibres Limited - Updates

Jun 13, 2024 l NSE Announcement

Garware Technical Fibres Limited - Updates

Jun 12, 2024 l NSE Announcement

Garware Technical Fibres Limited - Loss of Share Certificates

Jun 11, 2024 l NSE Announcement

Date Action Type Ratio
Sep 11, 2023 Dividend 35
Sep 05, 2022 Dividend 70

Garware Technical Fibres Ltd Information

Stock PE (TTM)
40.34
Promoter Holding
53%
Book Value
605.4804
ROCE
21.1%
ROE
17.33%
Description
  • 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.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Plot No 11 Block D-1, MIDC Chinchwad, Pune, Maharashtra, 411019

Tel : 91-20-30780000
Email : secretarial:garwarefibres.com
Website : http://www.garwarefibres.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 509557
NSE Code : GARFIBRES
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE276A01018

FAQ’s on Garware Technical Fibres Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:54 PM the closing price of Garware Technical Fibres Ltd was Rs.4,139.70.

The latest PE ratio of Garware Technical Fibres Ltd as of Jun 14, 2024 03:54 PM is 40.34

The latest PB ratio of Garware Technical Fibres Ltd as of Jun 14, 2024 03:54 PM is 0.15

The 52-week high of Garware Technical Fibres Ltd share price is Rs. 4,265.00 while the 52-week low is Rs. 3,007.00

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 Jun 14, 2024 03:54 PM, the market cap of Garware Technical Fibres Ltd stood at Rs. 8,218.55.

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