Garware Technical Fibres Ltd
Garware Technical Fibres Ltd (GARFIBRES)

Garware Technical Fibres Ltd (GARFIBRES)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-0.68 %
3 Month Return6.27 %
1 Year Return-6.15 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 241
Rank 19
Rank 34
Dividend Yield
Rank 180
Rank 81
Price To Book Ratio
Rank 255
Debt To Asset
Rank 383

Company Information

Incorporated on 1 Apr.76 in Bombay GarwareWall Ropes was promoted by Garware Filament Corporation and Wall Ind. Inc US. In 1987 Wall Ind. divested its shareholding which was taken up by the promoters. The company manufactures synthetic yarn cordage twine fishnet webbings polypropylene multifilament yarn. It came out with a rights issue in Nov.95 to partfinance the manufacture of synthetic cordage and fishnet webbings at Wai and the expansion of its capacity in Pune.The company entered into a technical collaboration with Toyo Kogyo Japan to manufacture fishnet webbing machines. It has decided to set up a subsidiary in the US. The company finalised a joint venture with a Danish company to set up a 100 EOU to manufacture braided wires. It has decided to diversify into the manufacture of heatresistant rubber tension tapes and threads used in the garment industry. A plant at Manchester belonging to Rotunda UK is being dismantled and will be reerected in Wai by Mar.96. In domestic market Company concerted efforts in reaching out to the endusers have not only resulted in the imporvement of market share but also enhanced the brand equity enjoyed by the Company products. Company has opened branch office in USA which enable to obtain a strong foothold in the growth American market. The company has been awarded the Top Exporter Awards for the year 199899 during 19992000 both in Fishnets/Fishing Line and Ropes by The Plastics Export Promotion Council. The company has planned to develop Raschel nets for fish farming.
OrganisationGarware Technical Fibres Ltd