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Garware Technical Fibres Ltd share Price

Company details

6M Return 15.93%
1Y Return -5.22%
Mkt Cap.(Cr) 6,479.49
Volume 9,072
Div Yield 0.11%
OI Chg %
Volume 9,072

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Textiles company Garware Technical Fibres announced Q1FY24 results:

  • Net Sales increased by 7% to Rs 325.7 crore in Q1FY24 as compared to Rs 304.5 crore in Q1FY23
  • Profit before tax increased by 54% to Rs 57.1 crore in Q1FY24 as compared to Rs 37.1 crore in Q1FY23
  • Net profit after tax has increased by 52% to Rs 43.0 crore in Q1 FY24 as against Rs 28.2 crore in Q1FY23.
  • EPS for Q1FY24 is at Rs 21.08, this is a growth of 54% over Q1FY23

Vayu Garware, CMD, Garware Technical Fibres said,

"FY24 has started off well and as per plan. Profit before tax has increased by 54% over the first quarter of previous year. PBT margins have recovered to 17% levels and we look to maintain those going forward. It should be noted that Q1FY23 was not very good for us, so this is a strong recovery this FY. Aquaculture business has remained strong during the quarter especially in Chile. Geosynthetics business also continued its excellent growth momentum and delivered well on profitability as well as ROCE. Domestic businesses have also done well during Q1FY24 over previous Q1FY23. We expect a good F24."


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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Garware Technical Fibres Ltd Stocks COMPARISION


Equity Capital: 1,016.40 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,065.79 -9,437.36
LAST 3M 48,885.55 -453.72
LAST 6M 53,246.77 148,781.31
LAST 12M 137,184.48 160,910.46
Garware Technical Fibres Limited - Loss of Share Certificates

Sep 26, 2023 l NSE Announcement

Garware Technical Fibres Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Sep 20, 2023 l NSE Announcement

Date Action Type Ratio
Sep 11, 2023 Dividend 35
Sep 05, 2022 Dividend 70
Sep 08, 2021 Dividend 25

Garware Technical Fibres Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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 : pune_admin:garwareropes.com
Website : http://www.garwarefibres.com

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 509557
Book Closure Date (Month) :
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 Sep 26, 2023 03:46 PM the closing price of Garware Technical Fibres Ltd was ₹ 3,179.65.

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 26, 2023 03:46 PM, the market cap of Garware Technical Fibres Ltd stood at ₹ 6,479.49.

The latest PE ratio of Garware Technical Fibres Ltd as of Sep 26, 2023 03:46 PM is 34.57

The latest PB ratio of Garware Technical Fibres Ltd as of Sep 26, 2023 03:46 PM is 0.16

The 52-week high of Garware Technical Fibres Ltd is ₹ 3,635.85 while the 52-week low is ₹ 2,650.00

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