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

• Market Cap: ₹70.75B
• Dividend Yield: 0.37%
• Average Volume (3M): 5.62K
• Price to Earnings (P/E): 22.6
• Beta (1Y): 1.96
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ₹4,125.00 ▲(30.12% 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 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 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: Negative
• Last Price: 3170.10
• 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:GRWRHITECH, the sentiment is Negative. The current price of 3170.1 is below the 20-day moving average (MA) of 3259.60, below the 50-day MA of 3529.79, and below the 200-day MA of 3506.40, indicating a bearish trend. The MACD of -139.54 indicates Positive momentum. The RSI at 34.69 is Neutral, neither overbought nor oversold. The STOCH value of 38.82 is Neutral, 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	72 Outperform	₹70.75B	22.61	―	0.37%	4.20%	2.14%
POCL	69 Neutral	₹42.71B	46.03	―	0.25%	23.51%	48.21%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
POLYPLEX	54 Neutral	₹26.04B	35.54	―	0.79%	5.98%	-52.53%
PREMEXPLN	54 Neutral	₹27.86B	60.42	―	0.10%	48.22%	90.63%
PRINCEPIPE	51 Neutral	₹26.84B	115.67	―	0.20%	-4.37%	-82.37%
JINDALPOLY	50 Neutral	₹19.45B	-12.81	―	1.18%	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.