Garware Hi Tech Films Ltd
Garware Polyester is engaged in the business of manufacturing of Polyester Films.
- Market Cap ₹ 9,398 Cr.
- Current Price ₹ 4,045
- High / Low ₹ 5,378 / 1,513
- Stock P/E 30.5
- Book Value ₹ 933
- Dividend Yield 0.25 %
- ROCE 12.7 %
- ROE 9.55 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 4.33 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 BSE SmallCap BSE Industrials BSE Allcap Nifty Total Market Nifty Microcap 250
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 | 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: | 40% |
5 Years: | 73% |
3 Years: | 66% |
1 Year: | 140% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
17 Jan - Garware Hi-Tech Films launches innovative automotive protection products.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jan - Certificate under SEBI regulations for Q4 2024.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 Jan
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Change Of Name Of Registrar & Share Transfer Agent (RTA) Of The Company
2 Jan - Change of name of Registrar & Share Transfer Agent.
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Closure of Trading Window
28 Dec - Closure of trading window until financial results declaration.
Annual reports
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Financial Year 2024
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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 2011
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Financial Year 2010
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Concalls
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Nov 2024Transcript PPT REC
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Nov 2024TranscriptNotesPPT
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Aug 2024Transcript PPT REC
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jul 2021TranscriptPPT
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Jun 2021TranscriptPPT
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Jun 2021TranscriptPPT
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Jun 2021Transcript PPT
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Feb 2021Transcript PPT
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Dec 2020TranscriptNotesPPT
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]