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

₹ 5,105 -0.70%
03 Dec - close price
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 ₹ 11,865 Cr.
  • Current Price ₹ 5,105
  • High / Low ₹ 5,208 / 1,298
  • Stock P/E 38.7
  • Book Value ₹ 960
  • Dividend Yield 0.20 %
  • ROCE 14.0 %
  • ROE 10.4 %
  • 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 5.32 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 Nifty Total Market Nifty Microcap 250 BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
340 334 324 370 395 324 349 380 397 454 447 474 621
280 269 268 308 328 279 296 316 332 379 368 356 484
Operating Profit 59 65 55 62 67 45 53 64 65 75 78 119 137
OPM % 17% 19% 17% 17% 17% 14% 15% 17% 16% 17% 18% 25% 22%
10 8 15 8 9 7 17 9 9 9 12 11 14
Interest 5 5 5 4 4 4 5 4 4 2 2 2 2
Depreciation 7 7 7 7 8 8 10 10 10 10 10 10 10
Profit before tax 57 60 59 59 64 40 56 59 61 73 78 118 138
Tax % 24% 29% 23% 25% 25% 25% 23% 25% 24% 23% 26% 25% 25%
43 43 45 45 48 30 43 44 46 56 58 88 104
EPS in Rs 18.65 18.46 19.42 19.17 20.72 13.09 18.54 18.81 19.76 24.05 24.88 38.03 44.88
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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 1,995
709 774 836 776 801 750 804 763 770 1,065 1,211 1,395 1,586
Operating Profit 69 69 60 81 73 83 144 162 219 238 227 282 409
OPM % 9% 8% 7% 9% 8% 10% 15% 17% 22% 18% 16% 17% 20%
14 16 27 6 8 5 9 12 15 39 42 39 46
Interest 30 37 44 44 33 25 19 18 20 18 17 12 8
Depreciation 39 34 15 17 14 14 14 20 24 28 32 39 40
Profit before tax 13 14 27 27 34 50 120 135 190 231 220 270 407
Tax % -113% 26% 35% 38% 33% 34% 32% 36% 34% 28% 24% 25%
28 10 18 16 22 33 82 86 126 167 166 203 306
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 87.50 131.84
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: 38%
Compounded Profit Growth
10 Years: 40%
5 Years: 20%
3 Years: 18%
TTM: 88%
Stock Price CAGR
10 Years: 44%
5 Years: 88%
3 Years: 84%
1 Year: 256%
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%

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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