Garware Hi-Tech Films Limited (GRWRHITECH) AI Stock Analysis

• Market Cap: ₹70.03B
• Dividend Yield: 0.4%
• Average Volume (3M): 7.02K
• Price to Earnings (P/E): 21.5
• Beta (1Y): 1.69
• Revenue Growth: 20.21%
• EPS Growth: 31.43%
• Country: IN
• Employees: 885
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 35.70
• Shares Outstanding: 23,232,393
• 10 Day Avg. Volume: 3,689
• 30 Day Avg. Volume: 7,017
• 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: ₹3,575.00
• Price Target Upside: 18.60% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 75 Outperform
• Price Target: ₹3,575.00 ▲(18.60% Upside)

Garware Hi-Tech Films Limited scores well due to its strong financial performance, characterized by robust growth and minimal leverage. However, technical analysis presents mixed signals, with the stock trading below key moving averages. Valuation metrics suggest the stock is fairly valued, but with limited dividend yield. The absence of earnings call data and corporate events does not impact the score.

Garware Hi-Tech Films Limited Business Overview & Revenue Model

Company Description

Garware Hi-Tech Films Limited manufactures and sells polyester films in India and internationally. The company offers bi-axially oriented polyethylene terephthalate/polyester films, sun control films, thermal lamination films, and specialty polyester films, as well as heat rejection films, shrink films, and paint protection films. Its polyester films are used in various application, such as label application, electrical cable insulations, graphics, packaging, face shields, thermal, TV screens, etc. The company was formerly known as Garware Polyester Limited and changed its name to Garware Hi-Tech Films Limited in April 2021. Garware Hi-Tech Films Limited was founded in 1933 and is based in Mumbai, India.

How the Company Makes Money

Garware Hi-Tech Films Limited generates revenue primarily through the production and sale of polyester films. The company's key revenue streams include its extensive portfolio of specialty films used in various sectors such as packaging, electrical, and consumer products. Garware Hi-Tech Films leverages its technical expertise and advanced manufacturing capabilities to produce high-quality films that meet specific customer requirements. Additionally, the company may engage in strategic partnerships and collaborations to enhance its market reach and product offerings, thereby contributing to its earnings. The company's ability to innovate and adapt to market demands plays a crucial role in maintaining its competitive edge and driving revenue growth.

Garware Hi-Tech Films Limited Financial Statement Overview

Summary

Garware Hi-Tech Films Limited demonstrates robust financial health with strong growth, profitability, and minimal leverage. The company shows promising revenue and profit growth trajectories, supported by strong margins and efficient cash flow management. The balance sheet reflects stability and low risk, indicating a solid financial foundation for future growth.

Income Statement

Garware Hi-Tech Films Limited has shown robust growth in its income statement metrics. The gross profit margin has consistently increased, indicating strong cost management and pricing strategy. The net profit margin improved significantly to 15.7%, reflecting better operational efficiency. Revenue growth is impressive with a 25.8% increase in the latest annual period, signaling strong market demand. Both EBIT and EBITDA margins are healthy, at 39.0% and 20.9% respectively, indicating solid core business performance.

Balance Sheet

The company exhibits a strong balance sheet with a low debt-to-equity ratio of 0.006, showcasing financial prudence with minimal leverage risk. The return on equity (ROE) stands at 14.0%, which is a positive indicator of profitability from shareholders' investments. The equity ratio is high at 88.4%, implying that the company is predominantly financed by equity, reducing financial risk.

Cash Flow

Cash flow metrics show promising trends with free cash flow growth rate at 74.6% indicating efficient capital management. The operating cash flow to net income ratio of 0.99 reflects a healthy conversion of earnings into cash. The free cash flow to net income ratio at 0.82 is also strong, indicating effective cash retention post capital expenditures.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.09B	21.09B	16.77B	14.12B	12.75B	9.71B
Gross Profit	10.17B	10.01B	8.59B	6.72B	6.69B	5.62B
EBITDA	4.79B	4.41B	3.21B	2.69B	2.77B	2.29B
Net Income	3.31B	3.31B	2.03B	1.66B	1.67B	1.26B
Balance Sheet
Total Assets	26.82B	26.82B	23.24B	22.14B	21.33B	18.68B
Cash, Cash Equivalents and Short-Term Investments	6.50B	6.50B	3.84B	3.76B	2.99B	2.21B
Total Debt	152.10M	152.10M	199.15M	1.57B	2.02B	1.53B
Total Liabilities	3.10B	3.10B	2.79B	3.59B	4.22B	3.05B
Stockholders Equity	23.72B	23.72B	20.45B	18.56B	17.11B	15.64B
Cash Flow
Free Cash Flow	0.00	2.71B	1.55B	1.48B	460.69M	1.35B
Operating Cash Flow	0.00	3.30B	1.72B	2.18B	1.72B	1.99B
Investing Cash Flow	0.00	-2.75B	469.14M	-1.70B	-1.41B	-1.26B
Financing Cash Flow	0.00	-520.50M	-1.69B	-893.86M	58.06M	-357.98M

Garware Hi-Tech Films Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3014.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRWRHITECH, the sentiment is Negative. The current price of 3014.35 is below the 20-day moving average (MA) of 3144.69, below the 50-day MA of 3189.07, and below the 200-day MA of 3812.53, indicating a bearish trend. The MACD of 15.32 indicates Positive momentum. The RSI at 42.06 is Neutral, neither overbought nor oversold. The STOCH value of 2.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GRWRHITECH.

Garware Hi-Tech Films Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRWRHITECH	75 Outperform	₹70.03B	21.49	―	0.40%	20.21%	31.43%
POCL	68 Neutral	₹35.09B	46.24	9.79%	0.30%	33.37%	48.01%
PREMEXPLN	66 Neutral	₹31.64B	86.15	11.67%	0.09%	62.92%	33.94%
JINDALPOLY	60 Neutral	₹24.78B	-113.70	2.67%	1.04%	19.84%	-115.35%
POLYPLEX	58 Neutral	₹32.99B	24.19	5.56%	1.28%	7.87%	44.36%
PRINCEPIPE	55 Neutral	₹36.35B	156.13	2.74%	0.15%	-4.57%	-87.59%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Garware Hi-Tech Films Limited Corporate Events

Garware Hi-Tech Films Announces 68th Annual General Meeting

Garware Hi-Tech Films Limited has announced the notice of its 68th Annual General Meeting, which includes details about E-voting and Book Closure. This announcement marks a significant organizational event, allowing stakeholders to engage with the company’s strategic direction and governance. The meeting is a critical platform for shareholders to exercise their voting rights and influence company decisions, potentially impacting future operations and market positioning.

Garware Hi-Tech Films Sets Record Date for AGM and Dividend

Garware Hi-Tech Films Limited has announced the record date for determining shareholders eligible for dividends and voting at the upcoming 68th Annual General Meeting, set for September 17, 2025. This announcement is significant as it outlines the company’s commitment to shareholder engagement and financial distribution, potentially impacting investor relations and market perception.