Garware Hi Tech Films Ltd
Garware Polyester is engaged in the business of manufacturing of Polyester Films.
- Market Cap ₹ 9,165 Cr.
- Current Price ₹ 3,945
- High / Low ₹ 5,378 / 1,513
- Stock P/E 29.4
- Book Value ₹ 960
- Dividend Yield 0.25 %
- ROCE 14.0 %
- ROE 10.4 %
- 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 4.11 times its book value
- Company has a low return on equity of 9.70% 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 Industrials Nifty Microcap 250 Nifty Total Market BSE Allcap BSE SmallCap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
777 | 843 | 896 | 857 | 874 | 833 | 948 | 925 | 989 | 1,303 | 1,438 | 1,677 | 2,008 | |
709 | 774 | 836 | 776 | 801 | 750 | 804 | 763 | 770 | 1,065 | 1,211 | 1,395 | 1,593 | |
Operating Profit | 69 | 69 | 60 | 81 | 73 | 83 | 144 | 162 | 219 | 238 | 227 | 282 | 415 |
OPM % | 9% | 8% | 7% | 9% | 8% | 10% | 15% | 17% | 22% | 18% | 16% | 17% | 21% |
14 | 16 | 27 | 6 | 8 | 5 | 9 | 12 | 15 | 39 | 42 | 39 | 49 | |
Interest | 30 | 37 | 44 | 44 | 33 | 25 | 19 | 18 | 20 | 18 | 17 | 12 | 9 |
Depreciation | 39 | 34 | 15 | 17 | 14 | 14 | 14 | 20 | 24 | 28 | 32 | 39 | 41 |
Profit before tax | 13 | 14 | 27 | 27 | 34 | 50 | 120 | 135 | 190 | 231 | 220 | 270 | 415 |
Tax % | -113% | 26% | 35% | 38% | 33% | 34% | 32% | 36% | 34% | 28% | 24% | 25% | |
28 | 10 | 18 | 16 | 22 | 33 | 82 | 86 | 126 | 167 | 166 | 203 | 311 | |
EPS in Rs | 12.15 | 4.41 | 7.64 | 7.08 | 9.66 | 14.26 | 35.14 | 37.03 | 54.21 | 71.96 | 71.51 | 87.50 | 133.96 |
Dividend Payout % | 0% | 0% | 0% | 0% | 10% | 14% | 28% | 27% | 18% | 14% | 14% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 12% |
3 Years: | 19% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | 40% |
5 Years: | 20% |
3 Years: | 18% |
TTM: | 65% |
Stock Price CAGR | |
---|---|
10 Years: | 44% |
5 Years: | 89% |
3 Years: | 76% |
1 Year: | 126% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 9% |
3 Years: | 10% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 519 | 530 | 545 | 562 | 1,231 | 1,269 | 1,349 | 1,380 | 1,540 | 1,688 | 1,833 | 2,022 | 2,206 |
351 | 440 | 368 | 315 | 312 | 171 | 149 | 147 | 138 | 182 | 141 | 0 | 14 | |
82 | 96 | 105 | 119 | 87 | 107 | 125 | 128 | 167 | 240 | 218 | 279 | 272 | |
Total Liabilities | 975 | 1,089 | 1,042 | 1,020 | 1,653 | 1,570 | 1,646 | 1,679 | 1,868 | 2,133 | 2,214 | 2,324 | 2,515 |
555 | 562 | 649 | 648 | 1,231 | 1,226 | 1,238 | 1,279 | 1,329 | 1,341 | 1,467 | 1,450 | 1,445 | |
CWIP | 39 | 86 | 11 | 5 | 8 | 10 | 11 | 20 | 11 | 96 | 10 | 2 | 11 |
Investments | 1 | 1 | 1 | 1 | 29 | 36 | 120 | 116 | 226 | 274 | 393 | 363 | 525 |
380 | 441 | 381 | 366 | 386 | 298 | 277 | 264 | 302 | 423 | 344 | 508 | 535 | |
Total Assets | 975 | 1,089 | 1,042 | 1,020 | 1,653 | 1,570 | 1,646 | 1,679 | 1,868 | 2,133 | 2,214 | 2,324 | 2,515 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
48 | 22 | 91 | 101 | 77 | 134 | 141 | 99 | 199 | 172 | 218 | 172 | |
-42 | -78 | -20 | -5 | -12 | -5 | -101 | -44 | -126 | -141 | -168 | 46 | |
32 | 50 | -107 | -96 | -40 | -172 | -49 | -64 | -36 | 6 | -89 | -169 | |
Net Cash Flow | 39 | -6 | -36 | 0 | 25 | -43 | -8 | -9 | 38 | 37 | -39 | 48 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 20 | 25 | 20 | 17 | 26 | 17 | 22 | 21 | 16 | 9 | 8 | 8 |
Inventory Days | 80 | 107 | 93 | 111 | 90 | 82 | 70 | 100 | 128 | 145 | 109 | 132 |
Days Payable | 27 | 30 | 30 | 36 | 39 | 54 | 68 | 62 | 89 | 76 | 57 | 73 |
Cash Conversion Cycle | 74 | 102 | 82 | 91 | 77 | 44 | 24 | 58 | 54 | 79 | 60 | 67 |
Working Capital Days | 49 | 70 | 55 | 50 | 49 | 25 | 7 | 19 | 9 | 26 | 23 | 36 |
ROCE % | 5% | 5% | 7% | 8% | 5% | 5% | 9% | 10% | 13% | 13% | 12% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Re-appointment of Mrs. Sarita Garware Ramsay as Joint Managing Director.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On March 28, 2025
2d - Re-appointment of Joint Managing Director for three years.
- Closure of Trading Window 27 Mar
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Board Meeting Intimation for Consideration And Approval Of The Annual Business/Operational Plan Of The Company.
24 Mar - Board meeting to approve annual business plan.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Mar - Schedule of one-on-one meetings with investors.
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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Feb 2025Transcript PPT REC
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Feb 2025TranscriptNotesPPT
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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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Nov 2023Transcript PPT
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Jun 2022Transcript 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]