Garware Technical Fibres Ltd
Established in 1976, Garware-Wall Ropes (GWRL) is one of India's leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide. The company manufactures and provides world class solutions in high performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics.
- Market Cap ₹ 7,815 Cr.
- Current Price ₹ 3,846
- High / Low ₹ 4,289 / 3,002
- Stock P/E 39.7
- Book Value ₹ 604
- Dividend Yield 0.09 %
- ROCE 21.8 %
- ROE 17.4 %
- Face Value ₹ 10.0
Pros
Cons
- The company has delivered a poor sales growth of 4.69% over past five years.
- Dividend payout has been low at 5.52% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
599 | 685 | 782 | 825 | 846 | 885 | 1,018 | 945 | 1,017 | 1,174 | 1,248 | 1,280 | |
541 | 622 | 703 | 722 | 710 | 724 | 826 | 767 | 819 | 957 | 1,035 | 1,022 | |
Operating Profit | 58 | 62 | 79 | 103 | 136 | 161 | 192 | 178 | 199 | 217 | 213 | 257 |
OPM % | 10% | 9% | 10% | 13% | 16% | 18% | 19% | 19% | 20% | 18% | 17% | 20% |
6 | 4 | 4 | 6 | 8 | 18 | 21 | 69 | 35 | 25 | 28 | 43 | |
Interest | 14 | 13 | 10 | 9 | 7 | 10 | 14 | 11 | 10 | 10 | 12 | 17 |
Depreciation | 16 | 14 | 12 | 13 | 14 | 15 | 17 | 19 | 21 | 21 | 22 | 26 |
Profit before tax | 33 | 39 | 60 | 87 | 123 | 153 | 182 | 216 | 203 | 210 | 207 | 258 |
Tax % | 26% | 32% | 29% | 29% | 32% | 31% | 31% | 18% | 24% | 23% | 23% | 24% |
25 | 27 | 43 | 62 | 84 | 105 | 126 | 178 | 155 | 161 | 159 | 197 | |
EPS in Rs | 10.41 | 11.71 | 19.67 | 28.28 | 38.52 | 48.04 | 57.40 | 81.35 | 75.00 | 77.96 | 78.06 | 96.60 |
Dividend Payout % | 24% | 22% | 15% | 12% | 13% | 9% | 9% | 21% | 3% | 9% | 4% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 8% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 11% |
3 Years: | 9% |
TTM: | 25% |
Stock Price CAGR | |
---|---|
10 Years: | 42% |
5 Years: | 26% |
3 Years: | 4% |
1 Year: | 24% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 18% |
3 Years: | 17% |
Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 24 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 21 | 21 | 20 | 20 |
Reserves | 243 | 253 | 288 | 343 | 424 | 514 | 628 | 751 | 821 | 976 | 1,006 | 1,211 |
110 | 71 | 40 | 45 | 86 | 138 | 108 | 100 | 97 | 80 | 134 | 122 | |
185 | 252 | 349 | 411 | 309 | 310 | 319 | 330 | 385 | 354 | 333 | 403 | |
Total Liabilities | 562 | 599 | 699 | 821 | 841 | 984 | 1,077 | 1,204 | 1,323 | 1,430 | 1,492 | 1,757 |
154 | 153 | 166 | 199 | 203 | 221 | 227 | 244 | 247 | 240 | 245 | 261 | |
CWIP | 0 | 7 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 9 | 9 | 9 | 9 | 111 | 245 | 331 | 423 | 514 | 568 | 666 | 738 |
399 | 429 | 517 | 613 | 526 | 518 | 519 | 537 | 562 | 622 | 582 | 758 | |
Total Assets | 562 | 599 | 699 | 821 | 841 | 984 | 1,077 | 1,204 | 1,323 | 1,430 | 1,492 | 1,757 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
34 | 79 | 74 | 143 | 120 | 28 | 133 | 144 | 205 | 60 | 185 | 198 | |
0 | -20 | -25 | -37 | -147 | -53 | -78 | -58 | -121 | 7 | -103 | -54 | |
-38 | -70 | -48 | -36 | 27 | 29 | -56 | -69 | -107 | -33 | -85 | -38 | |
Net Cash Flow | -4 | -11 | 2 | 70 | 1 | 4 | -1 | 18 | -22 | 34 | -2 | 107 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 85 | 76 | 85 | 94 | 85 | 90 | 87 | 83 | 77 | 81 | 64 | 73 |
Inventory Days | 168 | 146 | 138 | 145 | 176 | 206 | 186 | 251 | 218 | 198 | 171 | 243 |
Days Payable | 79 | 74 | 67 | 186 | 247 | 257 | 215 | 268 | 298 | 212 | 170 | 229 |
Cash Conversion Cycle | 174 | 148 | 156 | 53 | 14 | 40 | 58 | 66 | -3 | 67 | 65 | 87 |
Working Capital Days | 114 | 88 | 74 | 60 | 49 | 81 | 76 | 78 | 55 | 80 | 66 | 105 |
ROCE % | 12% | 14% | 20% | 25% | 28% | 26% | 26% | 28% | 23% | 22% | 19% |
Documents
Announcements
- Closure of Trading Window 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Jun
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Jun - The Company has completed the dispatch of Postal Ballot Notice through electronic mode (i.e., email) to all the Members on Tuesday 18th June 2024. We …
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 18 Jun
- Communication To Shareholders - Deduction Of Tax At Source ('TDS') On Payment Of Dividend 13 Jun
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Pioneer in Technical Textiles in India[1] Established in 1976, the company has a presence across 75+ countries, producing 80MT of technical fabrics per day with over 20,000 SKUs