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

• Market Cap: ₹78.99B
• Dividend Yield: 0.34%
• Average Volume (3M): 5.62K
• Price to Earnings (P/E): 24.2
• Beta (1Y): 1.74
• Revenue Growth: 4.20%
• EPS Growth: 2.14%
• Country: IN
• Employees: 885
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 39.27
• Shares Outstanding: 23,232,393
• 10 Day Avg. Volume: 4,727
• 30 Day Avg. Volume: 5,617
• PEG Ratio: 0.43
• Price to Book (P/B): 3.75
• Price to Sales (P/S): 4.22
• P/FCF Ratio: 32.84
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ₹4,125.00 ▲(12.52% Upside)

Garware Hi-Tech Films Limited's strong financial performance is the most significant factor, showcasing robust growth and stability. However, technical indicators suggest the stock may be overbought, and the valuation appears high, which could limit upside potential. The absence of recent earnings call insights and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust market demand and effective sales strategies, positioning the company for continued expansion.

Cash Flow Management

Efficient cash flow management enhances financial flexibility, allowing for strategic investments and debt reduction, supporting long-term growth.

Balance Sheet Strength

A strong balance sheet with minimal leverage reduces financial risk and supports sustainable growth through internal funding capabilities.

Negative Factors

Market Valuation Concerns

High valuation metrics may limit future stock price appreciation, potentially impacting investor sentiment and capital raising ability.

Dividend Yield

A low dividend yield may deter income-focused investors, affecting the attractiveness of the stock for those seeking regular income returns.

Technical Indicator Overbought

Overbought technical indicators suggest potential for a price correction, which could impact short-term investor sentiment and stock performance.

Garware Hi-Tech Films Limited Business Overview & Revenue Model

Company Description

Garware Hi-Tech Films Limited (GRWRHITECH) is a leading manufacturer of specialty films in India, catering to various sectors such as packaging, agriculture, and industrial applications. The company is known for its innovative solutions that enhance product performance and sustainability. Its core product offerings include biaxially oriented polypropylene (BOPP) films, polyester films, and other advanced polymer films that serve a diverse range of applications, from food packaging to agricultural films and industrial uses.

How the Company Makes Money

Garware Hi-Tech Films generates revenue primarily through the sale of its specialty films and related products. The company's key revenue streams include the production and distribution of BOPP and polyester films, which are utilized in packaging, labeling, and various industrial applications. Additionally, GRWRHITECH earns income from exports, serving international markets where demand for high-quality films is growing. The company has established significant partnerships with major players in the packaging and agricultural sectors, enhancing its market reach and driving sales. Factors contributing to its earnings include a strong focus on research and development for innovative solutions, adherence to quality standards, and an expanding customer base that relies on its advanced film technology.

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	21.30B	21.09B	16.77B	14.23B	12.75B	9.71B
Gross Profit	11.04B	10.01B	8.59B	6.72B	3.37B	5.62B
EBITDA	4.71B	4.41B	3.21B	2.69B	2.77B	2.29B
Net Income	3.26B	3.31B	2.03B	1.66B	1.67B	1.26B
Balance Sheet
Total Assets	0.00	26.82B	23.24B	22.14B	21.33B	18.68B
Cash, Cash Equivalents and Short-Term Investments	6.40B	6.50B	3.84B	3.76B	2.99B	2.21B
Total Debt	0.00	152.10M	199.15M	1.57B	2.02B	1.53B
Total Liabilities	-23.72B	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: Positive
• Last Price: 3666.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRWRHITECH, the sentiment is Positive. The current price of 3666 is below the 20-day moving average (MA) of 3834.02, above the 50-day MA of 3497.68, and above the 200-day MA of 3583.16, indicating a neutral trend. The MACD of 23.43 indicates Positive momentum. The RSI at 49.15 is Neutral, neither overbought nor oversold. The STOCH value of 29.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	72 Outperform	₹78.99B	24.24	―	0.34%	4.20%	2.14%
POCL	69 Neutral	₹40.08B	43.20	―	0.27%	23.51%	48.21%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
POLYPLEX	54 Neutral	₹29.66B	21.75	―	0.78%	5.98%	-52.53%
PREMEXPLN	54 Neutral	₹33.40B	90.93	―	0.10%	48.22%	90.63%
PRINCEPIPE	51 Neutral	₹28.60B	127.79	―	0.20%	-4.37%	-82.37%
JINDALPOLY	50 Neutral	₹24.49B	-112.39	―	1.20%	19.84%	-115.35%

Garware Hi-Tech Films Limited Corporate Events

Garware Hi-Tech Films Updates RTA Contact Information

Garware Hi-Tech Films Limited announced a change in the email address of its Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited, effective October 1, 2025. This update aims to streamline investor and shareholder communication, reflecting the company’s commitment to improving its operational efficiency and stakeholder engagement.

Garware Hi-Tech Films Concludes Successful 68th AGM

Garware Hi-Tech Films Limited announced the successful completion of its 68th Annual General Meeting held on September 24, 2025, where all resolutions were passed with the requisite majority. The company provided electronic voting facilities to its members and appointed a scrutinizer to ensure the integrity of the voting process. This development underscores the company’s commitment to transparency and adherence to regulatory requirements, potentially strengthening its position in the market.

Garware Hi-Tech Films Reappoints Monika Garware as Director

Garware Hi-Tech Films Limited announced the reappointment of Ms. Monika Garware as a Director during its 68th Annual General Meeting. Ms. Garware, who serves as Vice Chairperson and Joint Managing Director, brings extensive experience in manufacturing, finance, and strategic operations, which is expected to further strengthen the company’s leadership and operational capabilities.

Garware Hi-Tech Films Appoints New Joint Statutory Auditors

Garware Hi-Tech Films Limited has announced a change in its auditing firm, appointing M/s J.H. Mehta & Co. as the new Joint Statutory Auditors for a three-year term, replacing the outgoing M/s Kirtane Pandit & Co. This change, approved at the company’s 68th Annual General Meeting, represents a strategic move in ensuring continued compliance and financial transparency, potentially impacting the company’s operational oversight and stakeholder confidence.

Garware Hi-Tech Films Appoints New Secretarial Auditor

Garware Hi-Tech Films Limited has announced the appointment of M/s. Manish Ghia & Associates as the Secretarial Auditor for a term of five years, starting from the financial year 2025-26. This strategic move, approved at the company’s 68th Annual General Meeting, underscores Garware Hi-Tech Films’ commitment to maintaining robust corporate governance and compliance standards, potentially enhancing its credibility and operational transparency in the market.

Garware Hi-Tech Films Adopts New MOA to Align with Green Initiatives

Garware Hi-Tech Films Limited has announced the adoption of a new Memorandum of Association (MOA) as approved by its members at the 68th Annual General Meeting. This amendment aligns the company’s objectives with activities related to Clean Development Mechanism, Carbon Credit, and Green Energy Projects, potentially enhancing its market positioning in sustainable practices.