Garware Technical Fibres Limited (GARFIBRES) AI Stock Analysis

• Market Cap: ₹76.94B
• Dividend Yield: 0.2%
• Average Volume (3M): 3.16K
• Price to Earnings (P/E): 32.3
• Beta (1Y): 1.04
• Revenue Growth: 17.58%
• EPS Growth: 14.66%
• Country: IN
• Employees: 1,114
• Sector: Basic Materials
• Sector Strength: 70
• Industry: Apparel - Manufacturers
• EPS (TTM): 5.40
• Shares Outstanding: 99,265,850
• 10 Day Avg. Volume: 3,527
• 30 Day Avg. Volume: 3,164
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹926.00
• Price Target Upside: 20.91% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 61 Neutral
• Price Target: ₹926.00 ▲(20.91% Upside)

Garware Technical Fibres Limited's strong financial performance is the primary driver of its stock score, supported by robust revenue growth, profitability, and a solid balance sheet. However, technical indicators suggest a bearish trend, and the high P/E ratio indicates potential overvaluation, which weighs down the overall score.

Garware Technical Fibres Limited Business Overview & Revenue Model

Company Description

Garware Technical Fibres Limited (GARFIBRES) is an Indian company specializing in the production and supply of high-performance technical textiles and synthetic cordage products. Serving multiple sectors, including marine, fisheries, agriculture, sports, and defense, GARFIBRES is known for its innovative approach to developing tailored solutions that enhance the efficiency and safety of its clients' operations. The company's core products include fishing nets, ropes, twines, and other industrial textiles designed to meet the specific needs of diverse industries.

How the Company Makes Money

Garware Technical Fibres Limited generates revenue through the manufacturing and sale of its diverse range of technical textile products. The company's key revenue streams include the sale of fishing nets and ropes to the commercial fishing industry, agricultural nets for crop protection, and industrial ropes for various applications. Additionally, GARFIBRES supplies products to the sports and defense sectors, where high-performance materials are required. The company benefits from its strong research and development capabilities, allowing it to create innovative, customized solutions that meet the evolving demands of its clientele. Strategic partnerships and a global distribution network further enhance its earnings potential by expanding its market reach.

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	14.90B	15.40B	13.26B	13.06B	11.77B	10.23B
Gross Profit	9.03B	11.06B	8.70B	7.97B	7.32B	3.08B
EBITDA	3.53B	3.57B	3.15B	2.57B	2.48B	2.39B
Net Income	2.30B	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	1.62B	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	-11.23B	5.15B	5.37B	4.77B	4.44B	5.08B
Stockholders Equity	11.23B	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	-407.27M	-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: 765.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

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 765.85 is below the 20-day moving average (MA) of 832.58, below the 50-day MA of 878.14, and below the 200-day MA of 856.64, indicating a bearish trend. The MACD of -29.92 indicates Positive momentum. The RSI at 26.74 is Positive, neither overbought nor oversold. The STOCH value of 9.21 is Positive, 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
TIMETECHNO	76 Outperform	₹105.07B	26.02		0.44%	8.49%	20.80%
GPIL	70 Outperform	₹159.45B	20.94		0.43%	-2.12%	-22.09%
GRWRHITECH	65 Neutral	₹63.10B	19.36		0.37%	20.21%	31.44%
Sector *	61 Neutral	$10.31B	6.29	0.71%	2.95%	3.36%	-36.41%
GARFIBRES	61 Neutral	₹76.94B	32.34		0.20%	17.58%	14.66%
GMMPFAUDLR	55 Neutral	₹54.17B	126.16		0.25%	-3.36%	-73.03%
LXCHEM	55 Neutral	₹58.70B	58.33		0.24%	3.62%	-14.41%

Garware Technical Fibres Limited Corporate Events

Garware Technical Fibres Transfers Norway Operations to Subsidiary

Garware Technical Fibres Limited announced the transfer of its business undertaking in Norway to its wholly owned subsidiary, Garware Technical Fibres AS. This strategic move involves the transfer of all assets and liabilities of the Norway branch to streamline operations and enhance focus on its subsidiary. The transaction is valued at NOK 1.68 million, with the consideration being discharged through the issuance of shares in the subsidiary. This restructuring is expected to consolidate the company’s operations in Norway, potentially improving efficiency and market presence.