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Prices as of 9 Oct 2026 close · Not investment advice

Garware Technical Fibres Limited

NSE: GARFIBRESOther Textile Products

Share price

₹765.10

-0.01% close of 9 Oct 2026

Market cap ₹7,574 CrP/E 34.4

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

65

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹7,574 Cr

P/E ratio

34.4

P/B ratio

5.6

ROCE

22.0%

ROE

16.1%

Dividend yield

1.2%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹842.7052-week low ₹592.45

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 4.6% over the past year, and 8.0% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 17.5% to 18.4% over the last four years.

Whether it grew faster than its sector

It grew 8.0% a year against a sector median of 7.2% — 0.7 percentage points faster.

Room to re-rate, or risk of de-rating

At 34.4× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 39.2×, across 5 companies. It is against its own five-year median of 35.4×, the 34th percentile of its own range.

Whether growth justifies the valuation

Priced at 4.9 times its growth rate, on earnings growth of 7%.

Profit growthPrice per ₹1 profitPer 1% growth
Garware Technical Fibres Limited — this one7%/yr34.4×₹4.9
K.P.R. Mill Limited2%/yr39.2×₹19.6
Welspun Living Limited4%/yr77.0×₹19.2
Vardhman Textiles Limited-4%/yr17.8×—
Trident Limited-6%/yr28.4×—
Indo Count Industries Limited-23%/yr58.2×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Other Textile Products), it ranks 8 of 106 on returns, 44 of 103 on growth, 15 of 106 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 22% on capital, ahead of 92% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹830 crore of cash from the business, spent ₹184 crore on plant and equipment, and returned ₹646 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 98 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 61 days for its cash to waiting 80 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q4 FY26

What the last results showed. Whether management kept its word is in Pro.

Announced 21 Sep 2026 · Consolidated · Audited

Revenue

₹426 Cr

Revenue vs last year

-1.4%

Revenue vs last quarter

+10.1%

Net profit

₹57 Cr

Profit vs last year

-19.4%

Profit vs last quarter

+2.2%

Net margin

13.4%

EPS

₹5.77

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹7,574 Cr
Prev close
₹765.10
52w High
₹863
52w Low
₹580
Enterprise value
₹7,197 Cr
Beta
0.9
Price CAGR 1y
3.0%
Price CAGR 3y
7.0%
Price CAGR 5y
2.0%
Price CAGR 10y
22.0%

Ratios

Return on assets
10.6%
PEG ratio
4.8
P/E ratio
34.4
P/B ratio
5.6
EV / EBITDA
23.6
Industry P/E
16.3
ROCE
22.0%
ROCE 5y average
22.8%
ROE
16.1%
Debt / Equity
0.0
Interest coverage
20.2
Dividend yield
1.2%
ROE 3y average
18.0%
ROE last year
16.0%

Annual P&L

Annual revenue
₹1,529 Cr
Annual profit
₹199 Cr
Operating margin
17.0%
Net profit margin
13.0%
EBITDA margin
17.5%
Sales growth 3y
5.4%
Sales growth 5y
8.1%
Profit growth 3y
7.0%
Profit growth 5y
6.0%
EPS
₹20.0
Sales growth TTM
5.0%
Profit growth TTM
-7.0%
Dividend payout
5.0%

Quarter P&L

Sales latest quarter
₹482 Cr
Profit latest quarter
₹65 Cr
YoY quarterly sales growth
31.4%
YoY quarterly profit growth
22.6%
OPM latest quarter
18.7%

Balance Sheet

Book Value
₹137
Face Value
₹10.0
Total debt
₹43 Cr
Total cash
₹140 Cr
Borrowings
₹43 Cr
Reserves / Equity
12.7

Cash Flow

Operating cash flow
₹162 Cr
Free cash flow
₹107 Cr
FCF yield
1.2%
Net cash flow
₹78 Cr

Shareholding

Promoter holding
54.3%
FII holding
8.7%
DII holding
10.1%
Public holding
27.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
K P R Mill Ltd1,101.3041.337,6440.45258.521.61,935.59.619.6
Welspun Living235.8680.122,2830.04162.683.62,795.523.76.3
Vardhman Textile536.4018.315,5330.93314.649.52,703.113.38.6
Trident22.3128.811,3692.24158.112.91,786.84.79.8
Indo Count Inds.471.1061.89,3300.3263.262.01,207.025.98.2
Garware Tech.773.7534.37,5561.1664.621.7482.431.422.0
Kusumgar626.8552.36,5810.0041.9882.6241.993.618.8
Median115.9519.03510.005.947.2116.310.510.0

Competes with: A B Cotspin India Limited, AYM Syntex Limited, Aastha Spintex Limited, Akshar Spintex Limited, Alok Industries Limited, Alpine Texworld Limited, Amarjothi Spinning Mills Limited, Ambika Cotton Mills Limited, Ashima Limited, Ashutosh Fibre Limited, Axita Cotton Limited, BSL Limited, Bannari Amman Spinning Mills Limited, Banswara Syntex Limited, Bhandari Hosiery Exports Limited, Bombay Dyeing & Mfg Company Limited, Borana Weaves Limited, Century Enka Limited, DCM Nouvelle Limited, DCM Shriram International Limited, Damodar Industries Limited, Digjam Limited, Donear Industries Limited, Eurotex Industries and Exports Limited, Faze Three Limited, Fiberweb (India) Limited, Filatex India Limited, Flexituff Ventures International Limited, GHCL Textiles Limited, GLOBE ENTERPRISES (INDIA) LIMITED, Ganesha Ecosphere Limited, Ginni Filaments Limited, Himatsingka Seide Limited, Indian Card Clothing Company Limited, Indo Count Industries Limited, Indo Rama Synthetics (India) Limited, Jindal Worldwide Limited, K.P.R. Mill Limited, Kusumgar Limited, Lagnam Spintex Limited, Lakshmi Mills Company Limited, Lambodhara Textiles Limited, Laxmi Cotspin Limited, Le Merite Exports Limited, Loyal Textile Mills Limited, Mafatlal Industries Limited, Mahalaxmi Fabric Mills Limited, Mahalaxmi Rubtech Limited, Manomay Tex India Limited, Maral Overseas Limited, Modern Threads (India) Limited, Mohit Industries Limited, Mohite Industries Limited, Nagreeka Exports Limited, Nahar Industrial Enterprises Limited, Nahar Spinning Mills Limited, Nandan Denim Limited, Nitin Spinners Limited, Orbit Exports Limited, PBM Polytex Limited, Pashupati Cotspin Limited, Pioneer Embroideries Limited, Precot Limited, Premco Global Limited, R&B Denims Limited, RRIL Limited, RSWM Limited, Rajapalayam Mills Limited, Raymond Lifestyle Limited, Reliance Chemotex Industries Limited, SEL Manufacturing Company Limited, STL Global Limited, SVP GLOBAL TEXTILES LIMITED, Salona Cotspin Limited, Sambandam Spinning Mills Limited, Sanathan Textiles Limited, Sangam (India) Limited, Sarla Performance Fibers Limited, Shekhawati Industries Limited, Shiva Mills Limited, Shiva Texyarn Limited, Shree Ram Twistex Limited, Siyaram Silk Mills Limited, Soma Textiles & Industries Limited, Sonaselection India Limited, Sportking India Limited, Sumeet Industries Limited, Sunrakshakk Industries India Limited, Super Spinning Mills Limited, Suryalakshmi Cotton Mills Limited, Suryalata Spinning Mills Limited, Sutlej Textiles and Industries Limited, Swaraj Suiting Limited, T T Limited, The Ruby Mills Limited, Trident Limited, United Polyfab Gujarat Limited, VARVEE GLOBAL LIMITED, VTM Limited, Vardhman Acrylics Limited, Vardhman Polytex Limited, Vardhman Textiles Limited, Voith Paper Fabrics India Limited, Weizmann Limited, Welspun Living Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales326328289382336421351433367348387426482
Expenses267260236291272329286334299299316330392
Material Cost851119899103132
Change in Inventories29-35-22-4.3717-14
Purchases of Stock-in-Trade142831209.1521
Employee Cost525863585764
Other Expenses154137130144144189
Operating Profit58695391649165986848719690
OPM %18211824192218231914182319
Other Income910111311109913918-69
Exceptional items (within Other Income)0000-140
Interest4436664333433
Depreciation6677777779999
Profit before tax57685591628862977046757886
Tax %25232123252523272530252725
Net Profit43524370476648715332565765
EPS in Rs4.225.154.256.884.716.644.817.165.353.225.685.776.62
Diluted EPS in Rs7.165.353.225.665.776.56

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7828258468851,0189531,0351,1891,3061,3261,5401,5291,644
Expenses7037227107248267758309661,0761,0541,2341,2621,338
Material Cost394410
Change in Inventories-16-44
Purchases of Stock-in-Trade5588
Employee Cost214237
Other Expenses573554
Operating Profit79103136161192178204223230272306267306
OPM %10131618191920191821201719
Other Income46818213235252843515130
Exceptional items (within Other Income)0-14
Interest109710141210111217201414
Depreciation12131415171921212226283436
Profit before tax6187123153182179208216223272308269285
Tax %292932313121242423232526
Net Profit436284105126141158165172210232199210
EPS in Rs3.945.667.719.61111315161721232021
Diluted EPS in Rs2320
Dividend Payout %1512139926394365

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
6%
5 years
8%
3 years
5%
TTM
5%

Compounded profit growth

10 years
13%
5 years
6%
3 years
7%
TTM
-7%

Stock price CAGR

10 years
22%
5 years
2%
3 years
7%
1 year
3%

Return on equity

10 years
19%
5 years
18%
3 years
18%
Last year
16%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222222222212120209999
Reserves2893444245156287177909509961,2131,1421,255
Borrowings404586138108133102801341236543
Other Liabilities349412309310319319406365343414450481
Minority Interest00
Total Liabilities6998228429851,0781,1911,3191,4151,4931,7711,7571,879
Fixed Assets166199203221227244247240246262277419
CWIP700000000001
Investments99111244330376467521617689703496
Other Assets517613528519521570605654630820777963
Total Assets6998228429851,0781,1911,3191,4151,4931,7711,7571,879

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity741431202813311022864189219195162
Cash from Investing Activity-25-37-147-53-78-47-1208-102-731068
Cash from Financing Activity-48-362729-56-37-135-38-85-39-332-152
Net Cash Flow27014-125-27343108-12578
Free Cash Flow49103102-51107220549161177152107

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days859485908790857965727566
Inventory Days138145176206186250235234187256227321
Days Payable67186247257215241308220169227216215
Cash Conversion Cycle156531440589912938310286172
Working Capital Days614212243741246134365680
ROCE %202528262623242321232522

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters535353535353535353535354
FIIs8.588.779.349.559.82109.809.89109.079.128.67
DIIs9.621010101010111111101010
Public292828272727262626272727
No. of Shareholders41,18538,11192,44537,16436,83242,65446,77343,98043,11641,95841,41539,254

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +1.5% (₹754.15 → ₹765.10)Brick size ₹25.34 (fixed)Bricks 33
₹600₹700₹800₹765Nov '25Jan '26Mar '26Jun '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹765.10 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-378inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,29,35,129inr

2026-03-31

News

News and filings about Garware Technical Fibres Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • HDPE / high-density polyethylene resin & yarn
  • masterbatch, UV additives, coatings & packing materials
  • nylon / polyamide
  • polyester yarn
  • polypropylene (PP) multifilament, monofilament & tape

Depends on the price of

  • Crude Oil Brent
  • steel

Sells to

  • Global aquaculture / salmon farming (Norway, Chile, Scotland, Canada) · HDPE aquaculture cages, salmon & fishing nets (90% net share in Scotland/Canada, ~20% Norw…

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Textiles
Industry
Other Textile Products
Classification
Textiles › Other Textile Products
ISIN
INE276A01018

Business segments

  • a) Synthetic cordage · 78%
  • b) Fibre and Industrial Products & Projects · 22%

Plants

  • Registered Office & Factory, MIDC Chinchwad · Pune, Maharashtra
  • Wai Factory / Plant, MIDC Wai, Satara District · Wai, Maharashtra

News impact

Big market events that reach Garware Technical Fibres Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

1 Sep 2026unspecified₹1
14 Nov 2025interim₹8
26 Aug 2025unspecified₹1.5
3 Jan 2025bonus₹0
12 Sep 2024unspecified₹3
11 Sep 2023unspecified₹3.5
5 Sep 2022unspecified₹7
8 Sep 2021unspecified₹2.5

Splits, bonuses & buybacks

  • daily-prices repair: 19 rows from NSE's archive (replace 12, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.