Garware Technical Fibres Ltd (GARFIBRES)
₹3824.55▲1.31%
Analyst Rating
based on 1 analysts
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 ₹4050
Source: S&P Global Market Intelligence
Garware Technical Fibres Ltd Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹3,778.65₹3,869.9552 Week's Low
52 Week's High
₹3,007₹4,288.8
| Returns % | |
| 1 Month Return | -4.06 % |
| 3 Month Return | + 13.99 % |
| 1 Year Return | + 22.38 % |
| Market Stats | |
| Previous Close | ₹3,775.25 |
| Open | ₹3,787.40 |
| Volume | 5,125.00 |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹7,495.07Cr |
Key Statistics
| P/E Ratio | 36.96 |
| PEG Ratio | 1.98 |
| Market Cap | ₹7,495.07 Cr |
| P/B Ratio | 5.77 |
| EPS | 57.43 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹7,495.07 Cr | 46.46% | 0.56 | ₹172 Cr | ₹1,305 Cr |
 | BUY | ₹16,873.51 Cr | 44.25% | 0.63 | ₹202 Cr | ₹8,093 Cr |
 | BUY | ₹5,773.01 Cr | 15.32% | 0.57 | ₹137 Cr | ₹2,378 Cr |
 | HOLD | ₹13,038.60 Cr | 39.29% | 0.50 | ₹111 Cr | ₹2,278 Cr |
 | ₹3,459.75 Cr | -5.43% | 0.74 | NA | NA |
Company Information
Share Price: ₹3824.55 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹7,495.07Cr as of today
Revenue: ₹382.27Cr as on March 2024 (Q1 24)
Net Profit: ₹69.48Cr as on March 2024 (Q1 24)
Listing date: 04 Jan, 1995
Chairperson Name: V R Garware
| Organisation | Garware Technical Fibres Ltd |
| Headquarters | |
| Industry | Textiles |
| E-voting on shares | Click here to vote |
Key events for Garware Technical Fibres Ltd
Garware Technical Fibres Ltd's High P/E Ratio Raises Concerns - 19 Jun, 2024
Garware Technical Fibres Ltd's share price has surged by 28% in the last month, with an annual gain of 31%. However, its high P/E ratio of 39.4x is concerning as it may not be justified by its earnings growth. The company's predicted future earnings are unlikely to support such positive sentiment for long, placing shareholders' investments at significant risk.
Garware Technical Fibres Ltd Shows Strong ROCE and Returns - 13 Jun, 2024
Garware Technical Fibres Ltd has an impressive ROCE of 19%, higher than the Luxury industry's 11%. The company has employed 85% more capital in the last five years, with stable returns at 19%. The stock has returned 248% over the last five years.
Garware Technical Fibres FY24 Results Exceed Analyst Estimates - 29 May, 2024
Garware Technical Fibres reported revenue of ₹13.7b, up 4.8% YoY, and net income of ₹2.08b, up 21% YoY, exceeding analyst estimates by 2.3%. EPS also surpassed estimates by 8.7%. The company's shares are up 7.7% from a week ago. Looking ahead, the company forecasts an average annual revenue growth rate of 9.4% for the next three years.
Garware Technical Fibres Reports Strong Q4 Results - 28 May, 2024
Garware Technical Fibres reported a 61% QoQ increase in net profits and a 32% increase in quarterly revenue. The company's board also recommended a dividend of Rs.3 per share for FY23-24.
Garware Technic Reports Increase in Net Sales and Profit - 27 May, 2024
Garware Technic Fibres Ltd reports a 3.28% YoY increase in net sales at Rs. 370.81 crore, with quarterly net profit up by 21.29%. The company's EPS has also increased from Rs. 27.64 to Rs. 33.91. Garware Technic shares closed at Rs. 3,239.65 on May 24, 2024 (NSE), with -4.07% returns over the last 6 months and 6.96% over the last 12 months.
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.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 2 quarters, 43.27 Cr → 69.56 Cr (in ₹), with an average increase of 37.8% per quarter
- POSITIVE IMPACT
Price Rise
In the last 7 days, GARFIBRES stock has moved up by 0.1%
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 8.75% to 9.45% in Jun 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 300.59 Cr → 394.81 Cr (in ₹), with an average increase of 23.9% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 9.25% to 9.56% in Jun 2024 quarter
NO EFFECTAgainst Peers
In the last 3 years, Swan Energy Ltd has given 369.9% return, outperforming this stock by 361.4%
- NO EFFECT
Against Peers
In the last 1 year, Swan Energy Ltd has given 193.7% return, outperforming this stock by 171.3%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 53.00% of holdings in Jun 2024 quarter
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 27.55% to 27.06% in Jun 2024 quarter
Company Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹382.27Cr | ↑32.10% |
Net Income | ₹69.48Cr | ↑60.61% |
Net Profit Margin | 18.18% | ↑21.61% |
| 2023 | Y/Y Change | |
|---|---|---|
Revenue | ₹1,305.55Cr | ↑9.77% |
Net Income | ₹172.20Cr | ↑4.50% |
Net Profit Margin | 13.19% | ↓4.77% |
| 2023 | Y/Y Change | |
|---|---|---|
Total Assets | ₹1,494.32Cr | ↑4.46% |
Total Liabilities | ₹468.11Cr | ↑7.79% |
| 2023 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | ₹185.39Cr | ↑209.71% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 53% | 0.00 | |
| Foreign Institutions | 9.56% | 3.31 | |
| Mutual Funds | 9.45% | 7.95 | |
| Retail Investors | 27.06% | ||
| Others | 0.94% |
Key Indicators
Garware Technical Fibres Ltd Valuation
Garware Technical Fibres Ltd in the last 5 years
Lowest (14.70x)
March 24, 2020
Today (36.96x)
July 23, 2024
Industry (101.00x)
July 23, 2024
Highest (47.68x)
October 14, 2021
Earnings and Dividends
Garware Technical Fibres Ltd Earnings Results
Garware Technical Fibres Ltd’s net profit jumped 16.57% since last year same period to ₹69.56Cr in the Q4 2023-2024. On a quarterly growth basis, Garware Technical Fibres Ltd has generated 60.76% jump in its net profits since last 3-months.
Read More about Earnings ResultsGarware Technical Fibres Ltd Dividends May,2023
In the quarter ending March 2023, Garware Technical Fibres Ltd has declared dividend of ₹3.50 - translating a dividend yield of 0.09%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Garware Technical Fibres Ltd is currently in a Bullish trading position according to technical analysis indicators.
Frequently Asked Questions
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Garware Technical Fibres Ltd (GARFIBRES) share price today is ₹3824.55
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 ₹3869.95.
- Today’s lowest price of Garware Technical Fibres Ltd is ₹3778.65.
PE Ratio of Garware Technical Fibres Ltd is 36.96
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 5,125.00.
Today’s market capitalisation of Garware Technical Fibres Ltd(GARFIBRES) is ₹7495.07Cr.
| Garware Technical Fibres Ltd(GARFIBRES | Price |
|---|---|
52 Week High | ₹4288.8 |
52 Week Low | ₹3007 |
Garware Technical Fibres Ltd(GARFIBRES) share price is ₹3824.55. It is down -10.82% from its 52 Week High price of ₹4288.8
Garware Technical Fibres Ltd(GARFIBRES) share price is ₹3824.55. It is up 27.19% from its 52 Week Low price of ₹3007
| Garware Technical Fibres Ltd(GARFIBRES | Returns |
|---|---|
1 Day Returns | 49.3% |
1 Month Returns | -4.06% |
3 Month Returns | 13.99% |
1 Year Returns | 22.38% |