GARFIBRESConsumer Discretionary

Garware Technical Fibres Limited

Other Textile Products · ISIN INE276A01018 · BSE 509557 · NSE EQ · FV ₹10
Last price
₹800
-0.11%today
What this company does

Garware Technical Fibres Limited operates in Other Textile Products, part of the Consumer Discretionary sector. It booked ₹482 cr of revenue in its latest quarter (Q1 FY27) and kept 13.4% of sales as profit. It is the 6th largest of 9 Other Textile Products companies we track, by market value.

In the report:
70out of 100
Equitytale Health Score
Solid

Healthier than 70% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
51

At close. Not part of the score.

Profitability & returns84

How much profit it earns on the money it employs

Balance sheet82

How much it owes, and whether earnings cover the interest

Cash quality66

Whether reported profit actually arrives as cash

Growth & consistency60

Whether sales and profit have grown, and how steadily

Valuation24

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Sales up 31% vs last year
Profit up 22% vs last year
Promoters hold 54%
No promoter shares pledged
Strong 19% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in GARFIBRES?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹800 -0.11%
latest close · 2026-09-17
1-year return
+27.9%
52-wk low ₹52452-wk high ₹863
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio30.5High
LowAverageHigh
P/B ratio5.77High
Below bookModerateHigh
EV / EBITDA19.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.1%Strong
WeakFairStrong ▸15%
Return on capital24.9%Strong
WeakFairStrong
Net margin13.4%Decent
ThinDecentStrong
EBITDA margin20.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover26.9×Strong
RiskyOkayStrong ▸5×
Current ratio2.74Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹7,809 cr
Book value
₹139
EPS
₹6.56
latest quarter
Net debt
₹-58 cr
more cash than debt
Enterprise value
₹7,751 cr
EBITDA
₹396 cr
annualised
EBIT
₹359 cr
annualised
Operating margin
18.6%
Return on assets
13.8%
Earnings yield
3.28%
P/S
4.05
Sales / share
₹197.6
Tax rate
25.3%
Face value
₹10
Shares
9.8 cr
Working capital
₹756 cr
Current assets
₹1,192 cr
Current liabilities
₹435 cr
Delivery %
50.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹177₹303, midpoint ₹255

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹482 cr
Other Income₹9 cr
Total Income₹491 cr
Cost of Materials₹132 cr
Purchases of Stock-in-Trade₹21 cr
Inventory Change (±)₹-14 cr
Employee Benefit Expense₹64 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹9 cr
Other Expenses₹189 cr
Total Expenses₹405 cr
Profit before Tax₹86 cr
Tax Expense₹22 cr
Share of JV / Associates₹11.3 L
Net Profit₹65 cr
Net margin on total income13.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹139 cr28.2%
Employee benefit expense₹64 cr13.1%
Finance costs₹3 cr0.7%
Depreciation & amortisation₹9 cr1.9%
Other expenses₹189 cr38.5%
Tax expense₹22 cr4.5%
Profit for the period₹65 cr13.1%
Total income ₹491 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue387 cr426 cr482 cr
Total income405 cr434 cr491 cr
Expenses330 cr342 cr405 cr
Profit before tax75 cr78 cr86 cr
Tax19 cr21 cr22 cr
Net profit (owners' share)56 cr57 cr65 cr
Net margin (owners' share, on revenue)14.5%13.4%13.4%
EPS (₹)5.665.776.56
YoY (latest quarter): total income +29.3% · net profit +21.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,879 cr
Shareholder equity
₹1,354 cr
parent shareholders
Total debt
₹40 cr
Cash
₹99 cr
Cash flow · H1 FY26
Operating
₹6 cr
Investing
₹9 cr
Financing
₹23 cr
Peer comparison
Other Textile Products · by market value
CompanyPriceMarket capP/E
K.P.R. Mill Limited₹1,095₹37,441 cr36.2
Welspun Living Limited₹212₹20,051 cr31.4
Vardhman Textiles Limited₹561₹15,986 cr12.9
Trident Limited₹23₹11,762 cr18.6
Indo Count Industries Limited₹436₹8,625 cr34.1
Garware Technical Fibres Limitedthis company₹800₹7,809 cr30.5
Kusumgar Limited₹552₹5,790 cr33.0
Jindal Worldwide Limited₹49₹4,913 cr38.3
Filatex India Limited₹90₹4,012 cr20.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.13%
trailing 12 months
Dividend / share (TTM)
₹9
Last dividend
₹1
ex 1 Sep 2026
ActionDetailEx-date
Dividend₹1 / share1 Sep 2026
BuybackBuy Back20 May 2026
Dividend₹8 / share14 Nov 2025
Dividend₹1.5 / share26 Aug 2025
Bonus issue1:43 Jan 2025
Dividend₹3 / share12 Sep 2024
Who owns it · 2026-06-30
No pledge
Promoter
54.3%
FII / Foreign
8.7%
DII / Domestic
10.1%
Retail / others
27.0%
Promoter stake up 1.5% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSukukar Holdings and Trading Company Private Limited · Promoter Group36,067 · ₹13.5 cr23 Dec 22
SoldVayu Ramesh Garware · Promoters44,308 · ₹16.6 cr23 Dec 22
SoldGurukrupa Comtrade Private Limited · Promoter Group28,821 · ₹10.8 cr23 Dec 22
Bulk / block deals
short · NSE1919 Mar 26
short · NSE5623 Feb 26
short · NSE1419 Sep 25
Stake changes
SoldWhite Oak Capital Management Consultants LLP→ 2.14% · 22.64 L11 Nov 25
SoldWhite Oak Capital Management Consultants LLP (WO Capital) on behalf of Funds/ SMA Managed/ Advised→ 2.14% · 22.64 L11 Nov 25
BoughtKotak Mahindra Mutual Fund→ 5.02% · 8,1359 Aug 24
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 8 Sep 2026
See the official result
1
To receive, consider, and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Reports of the Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements for the financial year ended 31st March, 2026 and the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.59 cr votes for, 6 against · 0% of mutual funds and other big investors said no
2
To confirm the payment of Interim Dividend of Rs. 8.00/- (80%) per equity share of Rs. 10/- each already paid during the year as Interim Dividend for the Financial Year 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
1.59 cr votes for, 6 against · 0% of mutual funds and other big investors said no
3
To declare a Final Dividend of Rs 1/- (10%) per equity share of Rs. 10/- each, for the Financial Year 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
1.59 cr votes for, 6 against · 0% of mutual funds and other big investors said no
4
To appoint a Director in place of Ms. Mayuri Vayu Garware (DIN 06948274), who retires by rotation and being eligible, offers herself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
1.58 cr votes for, 65,109 against · 0% of mutual funds and other big investors said no
6
Continuation of the appointment of Mr. Anil Sadashiv Wagle (DIN 03403801), as a Non-Executive Independent Director of the Company.
⚑ Passed only because promoters voted yes
Backed by 63% of shareholders other than promotersneeded 75%
1.01 cr votes for, 58.06 L against · 40% of mutual funds and other big investors said no
7
Re-appointment of Dr. Shridhar Shrikrishna Rajpathak (DIN 00040387), as a Non-Executive Independent Director of the Company.
⚑ Passed only because promoters voted yes
Backed by 64% of shareholders other than promotersneeded 75%
1.01 cr votes for, 57.42 L against · 40% of mutual funds and other big investors said no
8
Re-appointment of Mr. Vayu Ramesh Garware (DIN 00092201), as Managing Director of the Company.
⚑ Passed only because promoters voted yes
Backed by 74% of shareholders other than promotersneeded 75%
1.17 cr votes for, 41.33 L against · 28% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 17 named members
owning 54.2% between them · as of 2026-06-30
Garware Capital Markets Limited18.64%
Vayu Ramesh Garware6.31%
SukukarHoldings and Trading Co P Ltd Partner representing PartnershipFirm ie RameshTradingCo5.13%
VMIR Investment Private Limited4.70%
VRG Investments Private Limited4.51%
Gurukrupa Comtrade P Ltd Partner representing Partnership Firm ie Sunita Trading Co4.10%
Vimlabai Garware Research Institute Private Limited2.84%
Moonshine Investments and Trading Company Private Limited2.34%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.