Garware Technical Fibres Limited (GARFIBRES) AI Stock Analysis

• Market Cap: ₹65.41B
• Dividend Yield: 1.37%
• Average Volume (3M): 20.27K
• Price to Earnings (P/E): 32.1
• Beta (1Y): 1.27
• Revenue Growth: 4.89%
• EPS Growth: -8.27%
• Country: IN
• Employees: 1,114
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Apparel - Manufacturers
• EPS (TTM): 3.20
• Shares Outstanding: 99,265,850
• 10 Day Avg. Volume: 54,012
• 30 Day Avg. Volume: 20,275
• PEG Ratio: 3.54
• Price to Book (P/B): 6.85
• Price to Sales (P/S): 5.52
• P/FCF Ratio: 56.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹824.00 ▲(19.64% Upside)

Garware Technical Fibres Limited has a strong financial foundation with robust revenue and profit growth, effective cost management, and low leverage. However, technical indicators suggest potential bearish momentum, and the valuation appears high with a low dividend yield, which may deter some investors. The absence of earnings call data and corporate events means these factors did not influence the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Profitability

A solid net profit margin reflects efficient cost management and strong pricing power, enhancing long-term financial stability.

Balance Sheet Health

Low leverage reduces financial risk and enhances flexibility, allowing the company to invest in growth opportunities.

Negative Factors

Cash Flow Decline

Declining cash flow may limit the company's ability to fund operations and growth initiatives, potentially impacting future performance.

Valuation Concerns

High valuation may deter new investors and limit stock price appreciation potential, affecting long-term investor sentiment.

Dividend Yield

A low dividend yield might not attract income-focused investors, potentially limiting the shareholder base and market appeal.

Garware Technical Fibres Limited Business Overview & Revenue Model

Company Description

Garware Technical Fibres Limited manufactures and sells various technical textile products in India and internationally. It operates through two segments, Synthetic Cordage; and Fibre and Industrial Products and Projects. It offers fishing nets, ropes, and twines for the deep-sea fishing industry; aquaculture cages and predator systems; synthetic ropes for power transmission and marine hawsers for shipping, mooring, and towing applications; and yarn and thread solutions for various applications, such as portable bag closing machines and port bagging threads, shoe stitching, and manufacture of fibrillated bulk containers under the Garlon brand. The company also provides sports products, including soccer, soccer ball carry, tennis, handball, volleyball, beach volleyball, SKI, swimming pool, hockey, ice hockey, basketball, golf, badminton, and cricket nets, as well as baseball batting cage, rapelling, slithering, and fitness rope/battle ropes under Sportiva brand name; coated fabric products for use in truck tarpaulins, awnings, tents, hangar covers, inflatable bouncies, bio gas covers, trailer curtains, oil booms, and other applications; and agricultural products comprising agriculture shade, sericulture, insect, fencing, floriculture, crop support, grape, and anti-bird nets, as well as staking cords. In addition, it offers geo-synthetics products for use in field of civil engineering and infrastructure development. The company was formerly known as Garware-Wall Ropes Limited and changed its name to Garware Technical Fibres Limited in July 2018. Garware Technical Fibres Limited was incorporated in 1976 and is headquartered in Pune, India.

How the Company Makes Money

GARFIBRES generates revenue primarily through the manufacturing and sale of its technical textiles and specialty fibers. Key revenue streams include the production of fishing nets, agricultural nets, and industrial ropes, which are sold to a variety of industries across domestic and international markets. The company also benefits from strategic partnerships with distributors and retailers that expand its market reach. Additionally, GARFIBRES invests in research and development to innovate new products and improve existing ones, thereby enhancing its competitive advantage and driving sales growth. The increasing demand for high-performance materials in sectors like aquaculture and agriculture further contributes to the company's earnings.

Garware Technical Fibres Limited Financial Statement Overview

Summary

Garware Technical Fibres Limited exhibits a strong financial position with consistent revenue and profit growth, effective cost management, and low financial leverage. The balance sheet is robust with a high equity base, and cash flows are positive, supporting ongoing operations and growth initiatives. While cash flow growth has slowed slightly, the company's overall financial health remains solid, positioning it well for future challenges.

Income Statement

Garware Technical Fibres Limited has demonstrated strong revenue growth with an increase from 13,256 million in 2024 to 15,401 million in 2025, indicating a healthy growth trajectory. The gross profit margin is robust at approximately 71.8%, showing efficiency in managing production costs. The net profit margin stands at 15%, reflecting solid profitability. Both EBIT and EBITDA margins have remained strong, suggesting effective management of operational expenses.

Balance Sheet

The company maintains a strong equity position with a debt-to-equity ratio of 0.05, indicating low leverage. The return on equity is impressive, highlighting efficient use of shareholder funds to generate profits. The equity ratio is high at around 70.7%, signifying a stable financial structure with a majority of assets financed by equity rather than debt, reducing financial risk.

Cash Flow

Garware's cash flow is solid, with a positive free cash flow of 1,513 million for 2025, although it shows a decline from the previous year. The operating cash flow to net income ratio indicates healthy cash generation relative to reported earnings, despite a slight decrease in operating cash flow compared to 2024. The free cash flow to net income ratio remains strong, ensuring sustainable financial operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	15.71B	15.40B	13.26B	13.06B	11.77B	10.23B
Gross Profit	11.23B	11.06B	8.70B	7.97B	7.32B	3.08B
EBITDA	3.63B	3.57B	3.15B	2.57B	2.48B	2.39B
Net Income	2.38B	2.32B	2.08B	1.72B	1.65B	1.58B
Balance Sheet
Total Assets	0.00	17.57B	17.71B	14.93B	14.15B	13.19B
Cash, Cash Equivalents and Short-Term Investments	1.60B	1.77B	3.10B	554.59M	2.18B	2.96B
Total Debt	0.00	648.62M	1.23B	1.34B	795.73M	1.02B
Total Liabilities	-12.42B	5.15B	5.37B	4.77B	4.44B	5.08B
Stockholders Equity	12.42B	12.42B	12.34B	10.16B	9.71B	8.11B
Cash Flow
Free Cash Flow	0.00	1.51B	1.76B	1.60B	491.38M	2.05B
Operating Cash Flow	0.00	1.95B	2.19B	1.89B	638.46M	2.28B
Investing Cash Flow	0.00	-27.84M	-726.63M	-1.02B	78.62M	-1.20B
Financing Cash Flow	0.00	-3.31B	-385.15M	-851.06M	-379.69M	-1.35B

Garware Technical Fibres Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 688.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GARFIBRES, the sentiment is Negative. The current price of 688.75 is above the 20-day moving average (MA) of 683.61, below the 50-day MA of 700.58, and below the 200-day MA of 802.83, indicating a bearish trend. The MACD of -7.21 indicates Positive momentum. The RSI at 32.94 is Neutral, neither overbought nor oversold. The STOCH value of 20.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GARFIBRES.

Garware Technical Fibres Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GPIL	75 Outperform	₹173.04B	22.22	―	0.39%	-0.96%	-11.90%
GRWRHITECH	72 Outperform	₹70.75B	22.61	―	0.37%	4.20%	2.14%
TIMETECHNO	69 Neutral	₹89.10B	19.47	―	0.67%	7.53%	16.26%
GARFIBRES	66 Neutral	₹65.41B	32.08	―	1.37%	4.89%	-8.27%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GMMPFAUDLR	61 Neutral	₹46.29B	68.98	―	0.19%	3.69%	-36.27%
LXCHEM	51 Neutral	₹42.07B	50.38	―	0.29%	-2.93%	-37.94%

Garware Technical Fibres Limited Corporate Events

Garware Technical Fibres Faces SEBI Fine for Board Non-Compliance

Garware Technical Fibres Limited has been fined by both BSE Limited and the National Stock Exchange of India for non-compliance with Regulation 17(1) of the SEBI Listing Obligations and Disclosure Requirements. The non-compliance was due to the absence of a minimum of six directors and a woman independent director on the board, following the end of Ms. Malika Sagar’s term. The delay in appointing Ms. Kirti Dharmesh Mangwani as a new independent director was caused by pending approval from the Director General of Civil Aviation. The company has since rectified the issue and is considering applying for a waiver of the fines.