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Garware Technical Fibres Ltd (GARFIBRES)

₹3230.350.62%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Garware Technical Fibres Ltd share Performance

  • ₹3,205.1
    ₹3,276.85
    ₹3230.35
    downward going graph

    0.78%

    Low

    Day's Volatility:2.22%

    High

    1.44%

    downward going graph
  • ₹2,955
    ₹3,846.85
    ₹3230.35
    downward going graph

    8.52%

    Low

    52 Weeks Volatility:27.61%

    High

    19.08%

    downward going graph
1 Month Return-1.43 %
3 Month Return-7.04 %
1 Year Return+ 8.27 %
Previous Close₹3,250.65
Open₹3,250.65
Volume798.00
Upper Circuit-
Lower Circuit-
Market Cap₹6,624.23Cr

Analyst Rating

based on 1 analysts

BUY
100.00%
Buy
0.00%
Hold
0.00%
Sell

Based on 1 analysts offering long term price targets for Garware Technical Fibres Ltd. An average target of ₹3950

Source: S&P Global Market Intelligence

Company Information

Garware Technical Fibres Limited (GTFL) is a leading manufacturer of technical textiles providing innovative solutions in fields such as fisheries aquaculture shipping sports agriculture coated fabrics and geosynthetics. Incorporated in 1976 in Mumbai, GTFL have production facilities in Wai and Pune, India and markets their products to over 75 countries globally. In 1987, Wall Ind. divested their shareholding which was taken up by the promoters. In 1995, the company held a rights issue and entered into a technical collaboration with Toyo Kogyo Japan. A joint venture with a Danish company was finalized to set up a 100 EOU to manufacture braided wires. GTFL secured the Top Exporter Award in both Fishnets/Fishing Line and Ropes categories in 1998-99 and in 2002 Garware ElastomericsLimited was disinvested. With the aim to reach out to end-users, GTFL opened a branch office in USA in 2001 and the company further diversified by setting up heat-resistant rubber tension tapes and threads for garment industry in 2006. In 2020, GTFL incorporated subsidiaries Garware Technical Fibres USA INC, Garware Technical Fibres Chile SpA, Garware Technical Textile Private Limited and Garware Technical Fibres Foundation. With these efforts the company has gained a strong foothold in North American and European markets, while expanding their presence in South Asia, the Far East, South America and Australia.

Share Price: ₹3230.35 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹6,624.23Cr as of today
Revenue: ₹289.37Cr as on December 2023 (Q4 23)
Net Profit: ₹43.26Cr as on December 2023 (Q4 23)
Listing date: 04 Jan, 1995
Chairperson Name: V R Garware
OrganisationGarware Technical Fibres Ltd
Headquarters
IndustryTextiles
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Key events for Garware Technical Fibres Ltd

  • Garware Technical Fibres Ltd Volume Spikes on BSE - 16 Apr, 2024

    Garware Technical Fibres Ltd saw a 2.44 fold increase in volume with 1264 shares traded on BSE, compared to the two-week average daily volume of 518 shares. The stock slipped 0.67% to Rs.3,301.05.

  • Private Companies Own 49% Stake in Garware Technical Fibres Ltd - 22 Mar, 2024

    According to recent reports, private companies own the majority stake of 49% in Garware Technical Fibres Ltd. A total of eight investors hold a 51% stake, while the general public owns 28%. This indicates that retail investors cannot be ignored.

  • Garware Technical Fibres Ltd Stock Surges 4.15% - 21 Mar, 2024

    Garware Technical Fibres Ltd witnessed a surge in volume, with shares increasing by 4.15% to Rs.3,436.95 on BSE.

Fundamentals of Garware Technical Fibres Ltd

Insights on Garware Technical Fibres Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, GARFIBRES stock has moved up by 15.0%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 8.59% to 8.75% in Apr 2024 quarter

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 52.70% to 53.00% in Apr 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Raymond Ltd has given 506.6% return, outperforming this stock by 491.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Swan Energy Ltd has given 153.9% return, outperforming this stock by 145.7%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 338.38 Cr → 300.59 Cr (in ₹), with an average decrease of 11.2% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 52.48 Cr → 43.26 Cr (in ₹), with an average decrease of 17.6% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 9.34% to 9.25% in Apr 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 27.93% to 27.55% in Apr 2024 quarter

Garware Technical Fibres Ltd Valuation

Garware Technical Fibres Ltd in the last 5 years

  • Overview

  • Trends

Lowest (14.70x)

March 24, 2020

Today (33.30x)

May 18, 2024

Industry (80.90x)

May 18, 2024

Highest (47.68x)

October 14, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
Kotak Small Cap Direct GrowthKotak Small Cap Direct Growth1.88%
SBI Magnum Global Fund Direct GrowthSBI Magnum Global Fund Direct Growth3.14%
Edelweiss Small Cap Fund Direct GrowthEdelweiss Small Cap Fund Direct Growth0.83%
Kotak ELSS Tax Saver-Scheme-Growth - DirectKotak ELSS Tax Saver-Scheme-Growth - Direct0.41%
SBI Magnum Children's Benefit Fund- Investment Plan Direct GrowthSBI Magnum Children's Benefit Fund- Investment Plan Direct Growth0.71%

Shareholding Pattern

InvestorsHoldings %Prev. 2 periods3M change
Promoter Holdings
53%
0.56
Foreign Institutions
9.25%
-0.93
Mutual Funds
8.75%
1.95
Retail Investors
27.55%
-1.36
Others
1.45%
0.10

Technicals of Garware Technical Fibres Ltd share

News & Events of Garware Technical Fibres Ltd

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Garware Technical Fibres Ltd (GARFIBRES) share price today is ₹3230.35

Garware Technical Fibres Ltd is listed on NSE

Garware Technical Fibres Ltd is listed on BSE

  • Today’s highest price of Garware Technical Fibres Ltd is ₹3276.85.
  • Today’s lowest price of Garware Technical Fibres Ltd is ₹3205.1.

PE Ratio of Garware Technical Fibres Ltd is 33.3

PE ratio = Garware Technical Fibres Ltd Market price per share / Garware Technical Fibres Ltd Earnings per share

Today’s traded volume of Garware Technical Fibres Ltd(GARFIBRES) is 798.00.

Today’s market capitalisation of Garware Technical Fibres Ltd(GARFIBRES) is ₹6624.23Cr.

Garware Technical Fibres Ltd(GARFIBRESPrice
52 Week High
₹3846.85
52 Week Low
₹2955

Garware Technical Fibres Ltd(GARFIBRES) share price is ₹3230.35. It is down -16.03% from its 52 Week High price of ₹3846.85

Garware Technical Fibres Ltd(GARFIBRES) share price is ₹3230.35. It is up 9.32% from its 52 Week Low price of ₹2955

Garware Technical Fibres Ltd(GARFIBRESReturns
1 Day Returns
-20.3%
1 Month Returns
-1.43%
3 Month Returns
-7.04%
1 Year Returns
8.27%