Garware Hi Tech Films Ltd

Garware Hi Tech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Garware Hi Tech Films Ltd

₹ 5,136 0.50%
04 Dec 1:42 p.m.
garwarehitechfilms.com BSE: 500655 NSE: GRWRHITECH
About

Garware Polyester is engaged in the business of manufacturing of Polyester Films.

Key Points

Market Position
The company is a leading Indian manufacturer of polyester films and high-margin specialty films. It is also the sole producer of Solar Control window films in India and the only company globally with backward integration for producing the raw materials and components needed for these films. [1] It is a leading player in India's shrink film market with a 70% market share. [2]

Website BSE NSE
  • Market Cap ₹ 11,933 Cr.
  • Current Price ₹ 5,136
  • High / Low ₹ 5,208 / 1,298
  • Stock P/E 38.7
  • Book Value ₹ 933
  • Dividend Yield 0.20 %
  • ROCE 12.7 %
  • ROE 9.55 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 5.49 times its book value
  • Company has a low return on equity of 8.98% 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: Packaging Industry: Packaging

Part of Nifty Microcap 250 BSE SmallCap BSE Allcap BSE Industrials Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
326 309 328 355 359 309 288 325 385 433 439 449 589
271 251 273 290 302 259 258 283 323 363 362 333 464
Operating Profit 55 58 54 64 57 50 30 42 62 69 77 116 125
OPM % 17% 19% 17% 18% 16% 16% 11% 13% 16% 16% 17% 26% 21%
10 7 16 7 8 8 17 10 9 9 11 28 13
Interest 4 4 4 4 4 4 4 4 3 2 1 1 2
Depreciation 7 7 7 7 7 8 9 10 10 10 9 10 10
Profit before tax 53 54 58 60 54 47 34 38 58 67 77 132 127
Tax % 22% 29% 26% 25% 25% 25% 21% 25% 24% 25% 24% 21% 24%
42 38 43 45 41 35 27 29 44 51 58 104 96
EPS in Rs 17.91 16.43 18.71 19.44 17.48 15.15 11.47 12.31 18.78 21.80 24.99 44.78 41.21
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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 TTM
776 835 887 842 860 823 923 877 960 1,264 1,311 1,582 1,910
709 768 828 763 790 740 790 734 753 1,036 1,109 1,332 1,523
Operating Profit 67 67 59 79 70 84 133 143 208 228 202 250 387
OPM % 9% 8% 7% 9% 8% 10% 14% 16% 22% 18% 15% 16% 20%
14 18 27 6 8 5 9 25 15 40 40 39 62
Interest 29 37 44 43 33 24 19 18 18 17 15 10 6
Depreciation 39 33 15 17 13 13 14 20 24 28 32 38 39
Profit before tax 12 15 27 25 33 51 110 130 181 223 196 240 403
Tax % -134% 22% 35% 31% 33% 34% 32% 33% 34% 28% 25% 25%
28 11 17 17 22 34 74 87 119 160 148 181 308
EPS in Rs 11.88 4.88 7.44 7.46 9.42 14.53 32.00 37.42 51.09 68.96 63.53 77.88 132.78
Dividend Payout % 0% 0% 0% 0% 11% 14% 31% 27% 20% 14% 16% 13%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 18%
TTM: 46%
Compounded Profit Growth
10 Years: 37%
5 Years: 20%
3 Years: 15%
TTM: 130%
Stock Price CAGR
10 Years: 44%
5 Years: 88%
3 Years: 84%
1 Year: 251%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 9%
Last Year: 10%

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 Sep 2024
Equity Capital 23 23 23 23 23 23 23 23 23 23 23 23 23
Reserves 517 529 544 561 1,230 1,268 1,341 1,372 1,524 1,665 1,790 1,955 2,145
346 434 359 307 311 171 149 147 138 182 141 0 14
84 98 106 117 87 104 122 122 166 234 223 279 274
Total Liabilities 971 1,084 1,032 1,009 1,651 1,566 1,635 1,664 1,851 2,104 2,178 2,257 2,456
555 562 649 647 1,230 1,225 1,238 1,279 1,329 1,340 1,466 1,449 1,444
CWIP 39 86 11 5 8 10 11 20 11 96 10 2 11
Investments 2 2 2 2 30 37 122 117 227 275 394 364 526
375 434 370 354 383 294 265 248 284 392 308 442 475
Total Assets 971 1,084 1,032 1,009 1,651 1,566 1,635 1,664 1,851 2,104 2,178 2,257 2,456

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
52 18 88 97 80 129 137 90 179 138 243 117
-42 -76 -21 -5 -11 -5 -101 -31 -126 -141 -170 45
31 50 -106 -95 -44 -171 -48 -63 -35 7 -87 -167
Net Cash Flow 41 -7 -39 -2 25 -47 -12 -4 19 4 -14 -5

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 21 26 20 18 32 27 30 26 33 38 23 28
Inventory Days 76 106 91 107 85 73 62 92 97 103 95 113
Days Payable 29 32 31 36 39 55 69 64 89 75 63 75
Cash Conversion Cycle 69 100 80 90 78 46 23 54 41 67 55 66
Working Capital Days 47 69 53 50 53 32 11 22 32 41 27 46
ROCE % 4% 5% 7% 7% 5% 5% 8% 10% 12% 12% 11% 13%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.72% 60.72% 60.72% 60.73% 60.73% 60.73% 60.73% 60.73% 60.73% 60.73% 60.73% 60.73%
0.11% 0.10% 0.07% 0.12% 0.08% 0.18% 0.12% 0.14% 0.12% 0.31% 0.52% 1.56%
3.24% 3.26% 3.22% 2.03% 2.39% 2.19% 2.35% 3.49% 3.77% 4.21% 4.76% 4.48%
35.93% 35.92% 36.00% 37.13% 36.80% 36.91% 36.81% 35.65% 35.38% 34.75% 34.00% 33.25%
No. of Shareholders 30,59930,83731,08631,17331,92432,02231,58030,41038,09239,31642,19150,963

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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