Garware Tech Fibres Ltd
NSE: GARFIBRES · Other Textile Products · sector
₹721.75NSE close 2026-10-26
Key numbers
Market cap₹7,048 cr
Price₹721.75
52w high / low₹863 / ₹580
P/E34.0xSector median 13.7x
P/B5.2xSector median 1.1x
Book value₹138.7
Dividend yield1.33%Sector median 0.51%
ROE14.6%Sector median 5.4%
ROCE21.4%Sector median 7.5%
OPM17.7%Sector median 6.6%
Debt / equity0.03xSector median 0.43x
EV/EBITDA22.9xSector median 9.6x
Interest cover21.8x
Current ratio2.74x
Sales growth 3y+5.4%Sector median +0.6%
Profit growth 3y+4.9%Sector median +1.1%
PEG5.49x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 222 companies in Other Textile Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹420 cr vs borrowings ₹40 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹133 cr → ₹40 cr).
- Operating profit covered interest 21.8x in the last 12 months.
- Promoter holding rose by 1.25 percentage points in a year, to 54.25% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 23% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹721.75 on 2026-10-26: -16.4% from the 52-week high, +24.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹4,721.50 · low ₹598.05
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 421 | 351 | 433 | 367 | 348 | 387 | 426 | 482 |
| EBITDA | 91 | 65 | 98 | 68 | 48 | 71 | 82 | 90 |
| OPM % | 21.7% | 18.4% | 22.7% | 18.5% | 13.9% | 18.3% | 19.3% | 18.7% |
| Other income | 10 | 9 | 9 | 13 | 9 | 18 | 8 | 9 |
| Net profit | 66 | 48 | 71 | 53 | 12 | 56 | 57 | 65 |
| EPS (₹) | 6.62 | 4.80 | 7.16 | 5.35 | 3.22 | 5.66 | 5.77 | 6.56 |
| Revenue YoY | -17.3% | +10.4% | -1.4% | +31.4% | ||||
| Profit YoY | -82.4% | +17.7% | -19.4% | +21.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,189 | 1,306 | 1,326 | 1,540 | 1,529 | 1,644 |
| EBITDA | 223 | 230 | 272 | 319 | 270 | 292 |
| Net profit | 165 | 172 | 208 | 232 | 199 | 190 |
| EPS (₹) | 15.98 | 16.71 | 20.43 | 23.32 | 20.01 | 21.21 |
| Revenue growth | +9.8% | +1.5% | +16.2% | -0.7% | +4.6% | |
| Profit growth | +4.5% | +20.9% | +11.2% | -14.2% | -20.2% | |
| Dividend / share (₹) | 2.50 | 7.00 | 3.50 | 3.00 | 9.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +5.4% | +8.1% | +4.6% |
| Net profit | +4.9% | +4.6% | -20.3% |
| EPS | +6.2% | +6.0% | – |
| Share price | – | -7.3% (2y) | -5.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,016 | 1,234 | 1,242 | 1,354 |
| Borrowings | – | 133 | 119 | 61 | 40 |
| Cash & equivalents | – | 56 | 313 | 160 | 420 |
| Total assets | – | 1,493 | 1,771 | 1,757 | 1,879 |
| Fixed assets | – | 242 | 258 | 274 | 345 |
| Capital work in progress | – | 0 | – | 0 | 1 |
| Investments | – | 607 | 550 | 594 | 210 |
| Receivables | – | 234 | 262 | 317 | 277 |
| Inventory | – | 214 | 257 | 270 | 399 |
| Payables | – | 194 | 227 | 263 | 267 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 64 | 189 | 219 | 195 | 162 |
| Cash from investing | 8 | -102 | -73 | -3 | 64 |
| Cash from financing | -38 | -85 | -39 | -331 | -152 |
| Capex | 14 | 29 | 38 | 44 | 56 |
| Free cash flow | 50 | 160 | 180 | 151 | 106 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 16.9% | 16.9% | 18.6% | 14.7% |
| ROCE % | – | 20.5% | 21.4% | 25.2% | 20.3% |
| Debtor days | – | 65 | 72 | 75 | 66 |
| Inventory days | – | 187 | 256 | 227 | 321 |
| Payable days | – | 169 | 227 | 221 | 215 |
| Cash conversion cycle (days) | – | 83 | 101 | 81 | 172 |
| Working capital days | – | 50 | 122 | 94 | 181 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 54.25% |
| FIIs | 8.36% |
| DIIs | 10.79% |
| of which Mutual funds | 9.80% |
| of which Insurance | 0.08% |
| Government | 0.00% |
| Public (non-institutions) | 26.61% |
| Quarter | Jan 2025 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 53.00% | 53.00% | 53.00% | 53.00% | 53.36% | 53.36% | 54.25% | 54.25% |
| Promoter group | % |
|---|---|
| Garware Capital Markets Limited | 18.64% |
| Vayu Ramesh Garware | 6.31% |
| SukukarHoldings and Trading Co P Ltd Partner representing PartnershipFirm ie RameshTradingCo | 5.13% |
| VMIR Investment Private Limited | 4.70% |
| VRG Investments Private Limited | 4.51% |
| Gurukrupa Comtrade P Ltd Partner representing Partnership Firm ie Sunita Trading Co | 4.10% |
| Vimlabai Garware Research Institute Private Limited | 2.84% |
| Moonshine Investments and Trading Company Private Limited | 2.34% |
| Manmit Investments and Trading Company Private Limited | 1.45% |
| Sanand Investments and Trading Company Private Limited | 1.41% |
| Sukukar Holdings and Trading Company Private Limited | 1.31% |
| Starshine Comtrade Private Limited | 1.03% |
| Gurukrupa Comtrade Private Limited | 0.45% |
| Garware Research Institute | 0.01% |
| Mayuri Vayu Garware | 0.00% |
| Public holders above 1% | % |
|---|---|
| Kotak Small Cap Fund | 5.81% |
| Sbi Mnc Fund | 1.99% |
| Verdipapirfondet Odin Emerging Markets | 1.92% |
| Garware Hi-Tech Films Limited | 1.34% |
| Vinodchandra Mansukhlal Parekh | 1.12% |
| Hdfc Mutual Fund - Hdfc Childrens Fund | 1.06% |
36,527 shareholders. Pledged: – of promoter shares.
Peers in Other Textile Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SHRMFGC | ₹77,110 cr | – | – | – | – | – | – | – |
| SIYSIL | ₹43,629 cr | 184.0x | 29.9x | 17.3% | 19.4% | 12.6% | +4.8% | 0.12% |
| KPRMILL | ₹34,532 cr | 37.9x | 6.1x | 17.1% | 19.8% | 19.5% | +2.4% | 0.50% |
| WELSPUNLIV | ₹19,740 cr | 71.8x | 4.0x | 5.7% | 8.0% | 8.7% | +5.1% | 1.06% |
| VTL | ₹14,110 cr | 16.6x | 1.3x | 8.3% | 9.2% | 13.6% | -0.9% | 1.04% |
| TRIDENT | ₹10,513 cr | 26.4x | 2.2x | 8.4% | 10.0% | 12.9% | +1.9% | 2.41% |
| ICIL | ₹7,906 cr | 52.4x | 3.4x | 6.5% | 9.8% | 9.7% | +11.2% | 0.50% |
| GARFIBRES | ₹7,048 cr | 34.0x | 5.2x | 14.6% | 21.4% | 17.7% | +5.4% | 1.33% |
| KUSUMGAR | ₹5,714 cr | – | – | – | – | – | – | – |
| FILATEX | ₹4,202 cr | 22.0x | 2.8x | 13.5% | 18.1% | 8.1% | -1.1% | 0.27% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| a) Synthetic cordage | ₹1,215 cr | 78.2% | ₹250 cr | 20.5% |
| b) Fibre and Industrial Products & Projects | ₹339 cr | 21.8% | ₹68 cr | 20.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-01 | Dividend | Dividend - Re 1 Per Share |
| 2026-05-20 | Buyback | Buy Back |
| 2025-11-14 | Dividend | Interim Dividend - Rs 8 Per Share |
| 2025-08-26 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-01-03 | Bonus | Bonus 4:1 |
| 2024-09-12 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2024-03-26 | Buyback | Buy Back |
| 2023-09-11 | Dividend | Annual General Meeting/Dividend - Rs 3.50 Per Share |
| 2022-11-03 | Buyback | Buy Back |
| 2022-09-05 | Dividend | Annual General Meeting/Dividend - Rs 7 Per Share |
| 2021-09-08 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2020-12-10 | Buyback | Buyback |
| 2020-03-20 | Dividend | Interim Dividend -Rs 7 Per Share Special Dividend - Rs 10 Per Share |
| 2019-09-06 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2018-08-30 | Dividend | Annual General Meeting/Dividend Rs 4.50 Per Share |
| 2017-07-27 | Dividend | Annual General Meeting/Divided - Rs 3.50 Per Share/Special Dividend - Rs 1.50 Per Share |
| 2016-08-02 | Dividend | Dividend-Rs 3.30/- Per Share |
| 2015-08-25 | Dividend | Dividend - Rs 3/- Per Share |
| 2014-09-18 | Dividend | Annual General Meeting / Dividend - Rs 2.70/- Per Share |
| 2013-08-22 | Dividend | Annual General Meeting / Dividend - Rs 2.50/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacture of Cordage, Rope, Twine,Netting, Man made fibres and Others n.e.c.
| Sector | Consumer Discretionary |
| Industry | Other Textile Products |
| Sub-industry | Other Textile Products |
| Symbol | GARFIBRES |
| BSE code | 509557 |
| ISIN | INE276A01018 |
| Face value | ₹10.0 |
| Incorporated | 1976-04-01 |
| Website | https://www.garwarefibres.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.