Garware Hi Tech Films Ltd

(GRWRHITECH)

Garware Hi Tech Films Ltd Formerly known Garware Polyester Limited was incorporated in June 1957. The company is a leading manufacturer of polyester film in the country. Presently it is engaged in manufacturing of specialty performance polyester Films like Sun Control window films used in Automobiles Buildings etc Paint Protection Films used in Automobiles and a variety of other specialty polyester films such as PET Shrink films used for Label applications Low Oligomer PET films used for insulation of hermetically sealed compressors motors Electric motor insulation and cable insulation sequin application films TV and LCD screen application Packaging applications etc.Prior to these the Company was primarily manufacturing moulds and dyes for the plastic manufacturers. In 1976 another group company Garware Plastics was merged with it and the name of the company was changed to Garware Plastics and Polyesters. Later on the company acquired its present name and became a part of the Garware Group. Apart from polyester films the company has diversified into video magnetic tapes computer tapes audio magnetic tapes Umatic video cassettes and valueadded products like suncontrol films. GPLs exports comprised mainly of polyester film and filmbased products to Western Europe the US South Korea Australia and New Zealand. In 199495 Garware Photo and Polyester Films which manufactures plastic products ceased to be a subsidiary of the company. The company has formed Garware Chemicals Pvt Ltd a new company to implement a project for the manufacture of dimethyl terephthalate DMT the main raw material for the manufacture of polyester films.Garware Polyester International and Global Pet Films Inc are the subsidiaries of the company. The companys subsidiary Garware Chemicals Limited implemented DMT project with 60000 MT per annum capacity. The production was commenced in the early part of 19992000. The company opened warehousing and marketing outfit in MiamiUSA and UK.During 200708 the Company implemented ERP Kamat Soft project for better business integration hosted own centralized email server launched informative web site installed CCTV for better security control installed high speed connectivity for all plant locations for voice and data.During 201112 Garware Chemicals Limited GCL was amalgamated with the Company and through the said Scheme 254764 equity shares of Rs. 10/ each as fully paid up were allotted to the members of GCL resulting this the paidup equity share capital of the Company was increased.During 201819 the Company introduced many Coated Products Co Extruded Products PETG Shrink Films for label applications with Low Medium and High Shrink Force. High heat rejection films were also introduced in International Market. It introduced Paint Protection Film PPF for automobile application.During 201920 the Company upgraded and modified PET film manufacturing lines to provide versatility for manufacturing specialty PET films. It launched the Surface Protection Film. The Company was renamed from Garware Polyester Limited to Garware HiTech Films Limited effective on April 20 2021.During FY 202223 the Company commissioned production of Laminated Sun Control Film..

Share Price: ₹3845.80 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹9,340.00Cr as of today
Revenue: ₹474.47Cr as on June 2024 (Q2 24)
Net Profit: ₹88.35Cr as on June 2024 (Q2 24)
Listing date: 19 Dec, 1994
Chairperson Name: S B Garware