GARFIBRES

Garware Technical Fibres Limited

Technical fibres for ropes, nets, geosynthetics and industrial cordage

Consumer Discretionary›Textiles›Textiles & Apparels›Other Textile Products

garwarefibres.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹767.20
Market cap
7,492 Cr
Stock P/E
35.7
P/B
5.62
Dividend yield
1.3%
ROE (FY26)
14.7%
ROCE (FY26)
20.3%
Operating margin (FY26)
16.3%
Debt / equity (FY26)
0.03
OCF / EBITDA (FY26)
57.1%
OCF / EBITDA (3Y)
65.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Garware Technical Fibres makes technical textiles for sports, fisheries, aquaculture, shipping, agriculture, coated fabrics and geosynthetics, manufactured at Wai and Pune and sold in more than 75 countries.

Company snapshot

6thBy market cap

Ranked among 100 companies in Other Textile Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 81.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Fibre and Industrial Products & Projects
20.5%
227 Cr37 Cr—
Synthetic cordage
81.6%
904 Cr192 Cr—

Shares add up to 102% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.03x — the company is largely funded by its own money, not borrowed funds.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales328 Cr289 Cr382 Cr336 Cr421 Cr351 Cr433 Cr367 Cr348 Cr387 Cr426 Cr482 Cr
Operating expenses (approx.)260 Cr236 Cr291 Cr272 Cr329 Cr286 Cr334 Cr299 Cr299 Cr316 Cr330 Cr392 Cr
EBITDA69 Cr53 Cr91 Cr64 Cr91 Cr65 Cr98 Cr68 Cr48 Cr71 Cr96 Cr90 Cr
OPM %20.9%18.5%23.9%19.2%21.7%18.4%22.7%18.6%13.9%18.3%22.6%18.7%
Other income10 Cr11 Cr13 Cr11 Cr10 Cr9 Cr9 Cr13 Cr9 Cr18 Cr8 Cr9 Cr
Interest4 Cr3 Cr6 Cr6 Cr6 Cr4 Cr3 Cr3 Cr3 Cr4 Cr3 Cr3 Cr
Depreciation6 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr9 Cr9 Cr9 Cr9 Cr
Profit before tax68 Cr55 Cr92 Cr62 Cr88 Cr62 Cr97 Cr70 Cr46 Cr76 Cr78 Cr86 Cr
Tax %23.0%21.4%24.0%24.7%24.8%22.9%26.6%24.6%30.0%25.4%26.7%25.3%
Net profit52 Cr43 Cr70 Cr47 Cr66 Cr48 Cr71 Cr53 Cr32 Cr56 Cr57 Cr65 Cr
EPS (₹)₹25.75₹21.23₹34.09₹23.38₹33.11₹24.00₹7.16₹5.35₹3.22₹5.66₹5.77₹6.56

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales849 Cr885 Cr1,018 Cr953 Cr1,035 Cr1,189 Cr1,306 Cr1,326 Cr1,540 Cr1,529 CrSign in free for the trailing twelve months
Operating expenses (approx.)714 Cr725 Cr826 Cr776 Cr830 Cr966 Cr1,076 Cr1,054 Cr1,221 Cr1,245 CrSign in free for the trailing twelve months
EBITDA135 Cr160 Cr192 Cr178 Cr204 Cr223 Cr230 Cr272 Cr319 Cr284 CrSign in free for the trailing twelve months
OPM %15.9%18.1%18.9%18.6%19.8%18.7%17.6%20.5%20.7%18.6%Sign in free for the trailing twelve months
Other income9 Cr18 Cr21 Cr32 Cr35 Cr26 Cr28 Cr43 Cr38 Cr48 CrSign in free for the trailing twelve months
Interest7 Cr10 Cr14 Cr12 Cr10 Cr11 Cr12 Cr17 Cr20 Cr14 CrSign in free for the trailing twelve months
Depreciation14 Cr15 Cr17 Cr19 Cr21 Cr21 Cr22 Cr26 Cr28 Cr34 CrSign in free for the trailing twelve months
Profit before tax123 Cr153 Cr182 Cr179 Cr208 Cr216 Cr223 Cr272 Cr308 Cr270 CrSign in free for the trailing twelve months
Tax %31.6%31.3%31.0%21.4%23.9%23.9%22.8%23.4%24.9%26.3%Sign in free for the trailing twelve months
Net profit84 Cr105 Cr126 Cr141 Cr158 Cr165 Cr172 Cr208 Cr232 Cr199 CrSign in free for the trailing twelve months
EPS (₹)₹38.55₹48.06₹57.44₹64.22₹74.64₹79.92₹83.54₹102.16₹23.32₹20.01Sign in free for the trailing twelve months
Dividend payout %————0.0%3.1%8.4%3.4%2.6%47.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital22 Cr22 Cr22 Cr22 Cr21 Cr21 Cr20 Cr20 Cr99 Cr99 Cr
Reserves424 Cr515 Cr628 Cr717 Cr790 Cr950 Cr996 Cr1,213 Cr1,142 Cr1,255 Cr
Borrowings86 Cr138 Cr108 Cr133 Cr102 Cr80 Cr133 Cr119 Cr61 Cr40 Cr
Other liabilities309 Cr310 Cr319 Cr319 Cr406 Cr365 Cr344 Cr418 Cr454 Cr484 Cr
Total liabilities842 Cr985 Cr1,078 Cr1,191 Cr1,319 Cr1,415 Cr1,493 Cr1,771 Cr1,757 Cr1,879 Cr
Fixed assets (net)195 Cr214 Cr221 Cr240 Cr242 Cr236 Cr242 Cr258 Cr274 Cr345 Cr
CWIP0.31 Cr—0 Cr0 Cr0 Cr0 Cr0 Cr—0 Cr0.97 Cr
Investments111 Cr244 Cr330 Cr376 Cr467 Cr521 Cr617 Cr689 Cr703 Cr496 Cr
Loans & advances——6 Cr6 Cr5 Cr2 Cr0.21 Cr0.38 Cr0.42 Cr2 Cr
Inventories141 Cr164 Cr168 Cr192 Cr190 Cr224 Cr214 Cr257 Cr270 Cr399 Cr
Trade receivables198 Cr219 Cr243 Cr235 Cr242 Cr258 Cr234 Cr262 Cr317 Cr277 Cr
Cash & bank4 Cr8 Cr8 Cr32 Cr7 Cr39 Cr42 Cr149 Cr11 Cr99 Cr
Other assets192 Cr135 Cr102 Cr110 Cr165 Cr136 Cr144 Cr155 Cr182 Cr262 Cr
Total assets842 Cr985 Cr1,078 Cr1,191 Cr1,319 Cr1,415 Cr1,493 Cr1,771 Cr1,757 Cr1,879 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity120 Cr28 Cr133 Cr110 Cr230 Cr64 Cr189 Cr219 Cr195 Cr162 Cr
Cash from investing-147 Cr-53 Cr-77 Cr-47 Cr-120 Cr8 Cr-102 Cr-73 Cr-3 Cr64 Cr
Cash from financing27 Cr29 Cr-56 Cr-37 Cr-135 Cr-38 Cr-85 Cr-39 Cr-331 Cr-152 Cr
Net cash flow1 Cr4 Cr-0.58 Cr25 Cr-25 Cr34 Cr3 Cr108 Cr-139 Cr78 Cr
Free cash flow (OCF − Capex)102 Cr-5 Cr110 Cr71 Cr207 Cr50 Cr160 Cr180 Cr151 Cr106 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %24.4%24.2%25.8%21.8%23.9%21.6%20.5%21.4%25.2%20.3%
ROE %18.9%19.6%19.3%19.0%19.5%17.0%16.9%16.9%18.6%14.7%
Debtor days85908790857965727566
Inventory days188221209266273234214253249354
Days payable264275254257358220194224243237
Cash conversion cycle83642100-0938610281182
OCF / EBITDA %89.0%17.4%69.2%61.7%112.6%28.6%82.5%80.6%61.2%57.1%
OCF / EBITDA % (3 years)——57.7%51.0%82.3%66.7%73.6%65.2%73.6%65.9%
Debt / equity0.190.260.170.180.130.080.130.100.050.03
Current ratio1.401.201.301.581.792.051.421.921.882.74
Net debt / EBITDA0.61—0.520.570.460.180.40-0.110.16-0.21