Garware Technical Fibres Limited (IN:GARFIBRES)
:GARFIBRES
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Garware Technical Fibres Limited
(GARFIBRES)
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Rating:68Neutral
Price Target:
₹679.00
▼(-1.42% Downside)
Action:Reiterated
Date:05/22/26
Score is primarily supported by strong financial quality (especially the very low leverage and solid profitability), but is held back by 2026 margin compression and weaker cash-flow momentum. Technicals are mixed with the stock below key moving averages, and valuation (P/E ~30) limits upside despite a moderate dividend yield.
Positive Factors
Very low leverage / strong balance sheet
Extremely low debt (D/E ~0.03) provides durable financial flexibility: it lowers refinancing risk, supports counter-cyclical investment or working-capital absorption, and preserves optionality for capex, M&A or dividends during 2–6 month to multi-year stress periods.
Negative Factors
Margin compression in 2026
Meaningful margin compression reduces the company's intrinsic earnings power and buffers against revenue volatility. If driven by structural input-cost or pricing pressures, compressed margins can persist for multiple quarters, limiting free cash flow and the ability to fund growth or returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low debt (D/E ~0.03) provides durable financial flexibility: it lowers refinancing risk, supports counter-cyclical investment or working-capital absorption, and preserves optionality for capex, M&A or dividends during 2–6 month to multi-year stress periods.
Read all positive factors
Garware Technical Fibres Limited (GARFIBRES) vs. iShares MSCI India ETF (INDA)
Market Cap
₹62.15B
Dividend Yield1.37%
Average Volume (3M)20.27K
Price to Earnings (P/E)26.3
Beta (1Y)1.23
Revenue Growth-0.74%
EPS Growth-14.12%
CountryIN
Employees1,114
SectorBasic Materials
Sector Strength58
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)20.51
Shares Outstanding99,265,850
10 Day Avg. Volume54,012
30 Day Avg. Volume20,275
Financial Highlights & Ratios
PEG Ratio-2.17
Price to Book (P/B)4.44
Price to Sales (P/S)3.94
P/FCF Ratio62.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)24.24
Revenue Forecast (FY)₹17.23B
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, r...
How the Company Makes Money
Garware Technical Fibres makes money primarily by manufacturing and selling technical-fibre products—most notably ropes, twines, and netting solutions—into multiple application segments (e.g., fisheries/aquaculture, maritime/shipping, sports, agri...
Garware Technical Fibres Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.98B | 15.29B | 15.40B | 13.26B | 13.06B | 11.77B |
| Gross Profit | 10.58B | 6.55B | 11.06B | 8.70B | 7.97B | 7.32B |
| EBITDA | 3.19B | 2.84B | 3.57B | 3.15B | 2.57B | 2.48B |
| Net Income | 2.04B | 1.99B | 2.32B | 2.08B | 1.72B | 1.65B |
Balance Sheet | ||||||
| Total Assets | 18.77B | 18.79B | 17.57B | 17.71B | 14.93B | 14.15B |
| Cash, Cash Equivalents and Short-Term Investments | 4.11B | 4.20B | 1.77B | 3.10B | 554.59M | 2.18B |
| Total Debt | 1.32B | 428.15M | 648.62M | 1.23B | 1.34B | 795.73M |
| Total Liabilities | 5.79B | 5.24B | 5.15B | 5.37B | 4.77B | 4.44B |
| Stockholders Equity | 12.98B | 13.54B | 12.42B | 12.34B | 10.16B | 9.71B |
Cash Flow | ||||||
| Free Cash Flow | -188.26M | 962.35M | 1.51B | 1.76B | 1.60B | 491.38M |
| Operating Cash Flow | 61.40M | 1.53B | 1.95B | 2.19B | 1.89B | 638.46M |
| Investing Cash Flow | 87.59M | 597.42M | -27.84M | -726.63M | -1.02B | 78.62M |
| Financing Cash Flow | 230.23M | -1.39B | -3.31B | -385.15M | -851.06M | -379.69M |
Garware Technical Fibres Limited Technical Analysis
Negative
688.75
Price Trends
623.07
Positive
643.51
Negative
699.46
Negative
Market Momentum
0.62
Positive
47.81
Neutral
37.27
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 631.87, above the 50-day MA of 623.07, and below the 200-day MA of 699.46, indicating a neutral trend. The MACD of 0.62 indicates Positive momentum. The RSI at 47.81 is Neutral, neither overbought nor oversold. The STOCH value of 37.27 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹124.37B | 23.23 | ― | 0.37% | 0.51% | 2.12% | |
71 Outperform | ₹195.54B | 14.74 | ― | 0.39% | 0.09% | 8.15% | |
69 Neutral | ₹86.07B | 17.09 | ― | 0.67% | 9.56% | 19.97% | |
68 Neutral | ₹62.15B | 26.27 | ― | 1.37% | -0.74% | -14.12% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | ₹36.29B | 51.90 | ― | 0.19% | 10.17% | 8.26% | |
47 Neutral | ₹42.05B | 37.67 | ― | 0.29% | -4.65% | -30.36% |
* Basic Materials Sector Average
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Garware Technical Fibres Limited Corporate Events
Garware Technical Fibres Publishes Investor Presentation for Analyst Meet
Mar 8, 2026
Garware Technical Fibres Limited has informed the stock exchanges that it has released an investor presentation prepared for an investor and analyst meet or conference. The presentation, which has also been uploaded to the company’s website,...
Garware Technical Fibres Says Board Non-Compliance Fines Waived by NSE
Feb 28, 2026
Garware Technical Fibres Limited has disclosed that BSE and NSE imposed fines of Rs 2,75,000 plus GST each on the company for non-compliance with Regulation 17(1) of SEBI’s Listing Obligations and Disclosure Requirements for the quarter ende...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.