Garware Hi-Tech Films Limited (IN:GRWRHITECH)
:GRWRHITECH
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Garware Hi-Tech Films Limited
(GRWRHITECH)
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Rating:78Outperform
Price Target:
₹3,851.00
▲(21.48% Upside)
Action:ReiteratedDate:02/04/26
Score is driven primarily by strong financial performance (growth, margins, cash conversion, and minimal leverage). Technicals remain supportive but look overextended (high RSI/Stoch), and valuation is only moderate with a low dividend yield.
Positive Factors
Very Strong Balance Sheet
Extremely low leverage and a high equity ratio provide durable financial flexibility, lowering default and refinancing risk. This conservatism supports capital allocation for capex or R&D and cushions the business through cyclical downturns, preserving long-term operational stability.
Negative Factors
Raw-material & Energy Exposure
The company's margins and cost structure are structurally exposed to polymer resin and energy price swings. Persistent commodity or energy inflation would compress margins absent price pass-through or input hedging, making earnings and cash flows more volatile over intermediate horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Strong Balance Sheet
Extremely low leverage and a high equity ratio provide durable financial flexibility, lowering default and refinancing risk. This conservatism supports capital allocation for capex or R&D and cushions the business through cyclical downturns, preserving long-term operational stability.
Read all positive factors
Garware Hi-Tech Films Limited (GRWRHITECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹78.60B
Dividend Yield0.37%
Average Volume (3M)5.62K
Price to Earnings (P/E)32.4
Beta (1Y)2.09
Revenue Growth4.20%
EPS Growth2.14%
CountryIN
Employees885
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)24.00
Shares Outstanding23,232,393
10 Day Avg. Volume4,727
30 Day Avg. Volume5,617
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)3.75
Price to Sales (P/S)4.22
P/FCF Ratio32.84
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)N/A
Revenue Forecast (FY)N/A
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 polyes...
How the Company Makes Money
Garware Hi-Tech Films primarily makes money by manufacturing and selling specialty polymer films and film-based solutions. Its revenue model is predominantly product-sales driven, where earnings come from (1) selling high-performance films (e.g., ...
Garware Hi-Tech Films Limited Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
85
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.79B | 21.09B | 16.77B | 14.23B | 12.75B | 9.71B |
| Gross Profit | 10.91B | 10.01B | 8.59B | 6.72B | 3.37B | 5.62B |
| EBITDA | 4.54B | 4.41B | 3.21B | 2.69B | 2.77B | 2.29B |
| Net Income | 3.13B | 3.31B | 2.03B | 1.66B | 1.67B | 1.26B |
Balance Sheet | ||||||
| Total Assets | 28.32B | 26.82B | 23.24B | 22.14B | 21.33B | 18.68B |
| Cash, Cash Equivalents and Short-Term Investments | 6.97B | 6.50B | 3.84B | 3.76B | 2.99B | 2.21B |
| Total Debt | 184.10M | 152.10M | 199.15M | 1.57B | 2.02B | 1.53B |
| Total Liabilities | 3.25B | 3.10B | 2.79B | 3.59B | 4.22B | 3.05B |
| Stockholders Equity | 25.07B | 23.72B | 20.45B | 18.56B | 17.11B | 15.64B |
Cash Flow | ||||||
| Free Cash Flow | 762.10M | 2.71B | 1.55B | 1.48B | 460.69M | 1.35B |
| Operating Cash Flow | 1.63B | 3.30B | 1.72B | 2.18B | 1.72B | 1.99B |
| Investing Cash Flow | -1.24B | -2.75B | 469.14M | -1.70B | -1.41B | -1.26B |
| Financing Cash Flow | -552.30M | -520.50M | -1.69B | -893.86M | 58.06M | -357.98M |
Garware Hi-Tech Films Limited Technical Analysis
Negative
3170.10
Price Trends
3734.72
Negative
3626.77
Negative
3524.24
Negative
Market Momentum
-103.93
Positive
37.47
Neutral
24.05
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 3857.63, below the 50-day MA of 3734.72, and below the 200-day MA of 3524.24, indicating a bearish trend. The MACD of -103.93 indicates Positive momentum. The RSI at 37.47 is Neutral, neither overbought nor oversold. The STOCH value of 24.05 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹78.60B | 32.39 | ― | 0.37% | 4.20% | 2.14% | |
69 Neutral | ₹30.91B | 31.42 | ― | 0.25% | 23.51% | 48.21% | |
62 Neutral | ₹32.39B | -5.55 | ― | 1.18% | 19.84% | -115.35% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹20.49B | 116.03 | ― | 0.10% | 48.22% | 90.63% | |
54 Neutral | ₹23.44B | 44.38 | ― | 0.79% | 5.98% | -52.53% | |
51 Neutral | ₹22.76B | -310.89 | ― | 0.20% | -4.37% | -82.37% |
* Basic Materials Sector Average
IN:GRWRHITECH
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Garware Hi-Tech Films Limited Corporate Events
Garware Hi-Tech Films Overhauls Governance, AI and Workplace Policies
Mar 30, 2026
Garware Hi-Tech Films Limited has overhauled a broad suite of governance and operational policies, including its related party transactions policy, material event determination framework, insider trading and UPSI disclosure codes, dividend distrib...
Garware Hi-Tech Films Seeks Shareholder Nod for New Whole-Time Director via E-Voting
Feb 20, 2026
Garware Hi-Tech Films Limited has initiated a postal ballot process to seek shareholder approval for appointing Mr. Uday V. Joshi as a whole-time director via a special resolution conducted through remote e-voting. The company has engaged National...
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.
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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.