Garware Technical Fibres
- Market cap
- ₹ 7,202 Cr.
- P/E
- 33.3x
- P/B
- 5.49x
- 52-week range
- 579.75 – 863.4
- ROE
- 16%
- ROCE
- 22%
- Dividend yield
- 1.2%
- Debt / equity
- 0.03
- Sector
- Textiles & Apparels
- Industry
- Other Textile Products
- Listed on
- NSE, BSE
About
Garware Technical Fibres Limited is an India-based multi-divisional, multi-geographical technical textiles company. The Company is engaged in manufacturing and selling various products, such as ropes, twine, yarn, fishnet, other nets and technical textiles. Its Synthetic Cordage segment comprises ropes, twines and nettings made of twine. Its Fibre and Industrial Products & Projects segment comprise of fiber, synthetic fabric, yarn, woven and non-woven textiles, coated steel gabions, machinery and project. Its solutions include aquaculture, fisheries, agriculture, geo-synthetics, coated fabrics, shipping and offshore, defense and government sector, sports, bird net protection, industrial, material handling, safety, and yarn and threads. Its products are manufactured at facilities in Wai and Pune, Maharashtra, and marketed in over 75 countries worldwide. Its subsidiaries include Garware Environmental Services Pvt. Ltd., Garware Technical Fibres USA Inc. and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Textile Products: 275 companies →Garware Technical Fibres against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)33.3 against a typical 16.6: pricier than most peers (1st = cheapest).187th of 268
- Sales growth+31.3% against a typical +6.7% from a year earlier.46th of 234
- Profit growth+22.6% against a typical +12.9% from a year earlier.71st of 166
- Share price, 3 months+2.6% against a typical −4%.74th of 240
- Size₹ 7,202.3 Cr. market value against a typical ₹ 58.7 Cr. (1st = largest).6th of 256
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA+ /[ICRA]A1+ | Stable | 8 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 8 Apr 2026 | Reaffirmed | [ICRA]AA+ /[ICRA]A1+ | — | ICRA | ₹ 400 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | Pursuant to Regulation 29(1)(a) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, we inform you that a Meeting of the Board of Directors of the Company will be held on Thursday, 29th October, 2026, inter alia, to consider, approve and take on record the Standalone & Consolidated Unaudited Financial Results for the quarter and half year ended 30th September, 2026. |
| 5 Aug 2026 | Financial Results | Intimation of Meeting of the Board of Directors of the Company will be held on Wednesday, 05th August, 2026, inter alia, to consider, approve and take on record the Standalone & Consolidated Unaudited Financial Results for the quarter ended 30th June, 2026. |
| 20 May 2026 | Financial Results/Dividend | We inform you that a Meeting of the Board of Directors of the Company will be held on Wednesday, 20th May, 2026, inter alia, to consider, approve and take on record the Standalone & Consolidated Audited Financial Results for the quarter and year ended 31st March, 2026, and to consider and recommend final dividend, if any, for the Financial Year 2025-26. |
| 8 May 2026 | Buyback | The meeting of the Board of Directors of the Company is scheduled to be held on Friday, 08th May, 2026, inter alia, to consider and approve a proposal for buyback of the equity shares of the Company, having a face value of INR 10/- each, and matters incidental and ancillary thereto. |
| 11 Feb 2026 | Financial Results | Pursuant to Regulation 29(1)(a) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, we inform you that a Meeting of the Board of Directors of the Company will be held on Wednesday, 11th February, 2026, inter alia, to consider, approve and take on record the Standalone & Consolidated Unaudited Financial Results for the quarter and nine months ended on 31st December, 2025. |
| 7 Nov 2025 | Financial Results/Dividend | To consider and approve the Standalone & Consolidated Unaudited Financial Results for the quarter and half year ended 30th September, 2025 and to consider declaration of Interim Dividend for the financial year 2025-2026, if any. |
| 8 Aug 2025 | Financial Results | Intimation of Board Meeting to be held on Friday, 8th August, 2025, inter alia, to consider, approve and take on record the Standalone & Consolidated Unaudited Financial Results of the Company for the quarter ended 30th June, 2025. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 328 | 289 | 382 | 336 | 421 | 351 | 433 | 367 | 348 | 387 | 426 | 482 |
| Expenses | 260 | 236 | 291 | 272 | 329 | 286 | 334 | 299 | 299 | 316 | 330 | 392 |
| Operating Profit | 69 | 53 | 91 | 64 | 91 | 65 | 98 | 68 | 48 | 71 | 96 | 90 |
| OPM % | 21% | 18% | 24% | 19% | 22% | 18% | 23% | 19% | 14% | 18% | 23% | 19% |
| Other Income | 10 | 11 | 13 | 11 | 10 | 9 | 9 | 13 | 9 | 18 | −6 | 9 |
| Interest | 4 | 3 | 6 | 6 | 6 | 4 | 3 | 3 | 3 | 4 | 3 | 3 |
| Depreciation | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 9 |
| Profit before tax | 68 | 55 | 91 | 62 | 88 | 62 | 97 | 70 | 46 | 75 | 78 | 86 |
| Tax % | 23% | 21% | 23% | 25% | 25% | 23% | 27% | 25% | 30% | 25% | 27% | 25% |
| Net Profit | 52 | 43 | 70 | 47 | 66 | 48 | 71 | 53 | 32 | 56 | 57 | 65 |
| EPS in Rs | 5.15 | 4.25 | 6.88 | 4.71 | 6.64 | 4.81 | 7.16 | 5.35 | 3.22 | 5.68 | 5.77 | 6.51 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 6%
- 5 Years
- 8%
- 3 Years
- 5%
- TTM
- 5%
- 10 Years
- 13%
- 5 Years
- 6%
- 3 Years
- 7%
- TTM
- −7%
- 10 Years
- 22%
- 5 Years
- 3%
- 3 Years
- 6%
- TTM
- —
- 10 Years
- 19%
- 5 Years
- 18%
- 3 Years
- 18%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Garware Technical Fibres | ₹ 748.80 | ₹ 7,202 Cr. | 33.3x | 5.5x | 16% | — |
| Arvind | ₹ 482.00 | ₹ 13,095 Cr. | 33x | 3.5x | 10.6% | 4.6% |
| Trident | ₹ 20.48 | ₹ 10,437 Cr. | 34.3x | 2.7x | 8% | 5.6% |
| Filatex India | ₹ 91.60 | ₹ 4,068 Cr. | 17.3x | 2.1x | 12.9% | 4.4% |
| Nitin Spinners | ₹ 602.30 | ₹ 3,386 Cr. | 17.4x | 2.1x | 12.8% | 5.5% |
| NIBE Ltd | ₹ 1,125.15 | ₹ 1,717 Cr. | 441.5x | 6.5x | 1.9% | 0% |
Management
- Vayu Ramesh Garware
- Executive Chairman of the Board, Managing Director
- Shashank Gupta
- Chief Financial Officer
- Sunil Agarwal
- Compliance Officer, Company Secretary, Head - Legal
Prices are delayed and for information only. Nothing on this page is investment advice.