Garware Hi-Tech Films Limited

Garware Hi-Tech Films Limited

7,059.50
INR
+400.00
(+6.01%)
166.96EPS
39.99P/E
155.13BMarket Cap
Garware Hi-Tech Films Limited
NSE:GRWRHITECH
(National Stock Exchange of India)

Recent

price

7,059.50

P/E

ratio

39.99

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
558.36
335.52
333.49
361.66
384.42
367.77
367.88
350.39
398.02
388.9
418.08
548.82
607.71
711
894.07
899.86
972.09
Revenue per Share
83.03
13.71
12.15
4.41
7.64
7.08
9.66
14.26
35.14
37.03
54.21
71.96
71.51
87.5
142.57
145.59
166.96
Basic EPS, GAAP
85.53
10.88
-5.71
-27.33
26.39
39.2
26.2
53.22
49.29
19.5
58.31
19.83
63.49
66.84
116.7
49.03
- -
Free Cash Flow per Basic Share
2.08
9.72
1.85
- -
- -
- -
0.02
1.2
2.41
22.94
- -
10
10
10
10
12
- -
Dividend per Share
210.34
220.11
255.92
260.74
243.92
521.88
539.68
556.06
590.63
604.21
673.01
736.42
798.81
880.15
1,020.9
1,143.3
- -
Book Value per Share
190.46
200.7
255.43
260.37
243.66
521.5
539.28
555.49
590.17
603.24
672.06
735.66
798.24
879.71
1,020.25
1,142.06
- -
Tangible Book Value per Share
23
23
23
23
23
23
23
23
23
23
23
23
23
23
23
23
23
Basic Weighted Avg Shares
12,876
7,823
7,775
8,432
8,963
8,575
8,551
8,140
9,247
9,035
9,713
12,750
14,118
16,518
20,771
20,906
22,582
Sales/Revenue/Turnover
-1.73
6.89
3.91
4.37
5.29
7.59
7.07
8.64
14.21
15.84
20.18
16.48
14.31
14.76
19.27
18.82
19.92
Operating Margin (%)
397
417
394
335
152
170
132
136
138
203
240
282
324
390
412
451
474
Depreciation Expense
1,915
320
283
103
178
165
224
331
817
860
1,260
1,672
1,661
2,033
3,312
3,382
3,879
Net Income, GAAP
10.75
3.32
- -
25.87
34.58
38.09
33.15
33.53
31.89
36.15
33.74
27.65
24.46
24.78
25.65
24.2
24.3
Effective Tax Rate (%)
14.87
4.09
3.64
1.22
1.99
1.92
2.62
4.07
8.83
9.52
12.97
13.11
11.77
12.31
15.95
16.18
17.18
Profit Margin (%)
1,521
-226
80
-228
-828
-777
-709
969
1,463
1,631
2,536
3,366
4,136
5,521
8,102
10,037
- -
Working Capital
50
327
745
731
606
323
184
1,371
1,132
1,308
1,118
1,302
848
137
101
91
- -
LT Debt
4,851
5,132
5,967
6,079
5,687
12,168
12,538
12,919
13,722
14,037
15,636
17,109
18,558
20,448
23,718
26,562
- -
Total Equity
-6.47
8.92
- -
3.49
3.4
3.31
2.6
3.09
6.02
5.92
7.87
9
7.93
9.02
13.38
11.64
- -
Return on Invested Capital (%)
40.11
6.05
- -
1.93
2.77
2
1.87
2.77
6.16
6.19
8.28
9.75
8.95
10.27
14.97
13.42
- -
Return on Capital (%)
50.61
6.41
5.1
1.71
3.03
1.85
1.82
2.6
6.13
6.2
8.49
10.21
9.32
10.42
15
13.45
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
66
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
91
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
23
23
Market Capitalization
72,250
78,581
155,134

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
12,961
- -
Cash, Cash Equivalents & STI
- -
7,447
- -
Accounts Receivable, Net
- -
531
- -
Inventories
- -
3,893
- -
Total Current Liabilities
- -
2,924
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
66
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.2%
11.21%
11.99%
Free Cash Flow
37.69%
35.22%
-57.98%
Net Income, GAAP
40.14%
23.9%
2.12%
Sales/Revenue/Turnover
9.91%
17.08%
0.65%
Total Cash Common Dividend
- -
- -
20.02%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4,745
6,206
4,664
5,479
20,771
2026
4,950
5,697
4,587
5,967
20,906
2027
6,331
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
38.03
44.88
26.17
33.49
142.57
2026
35.73
39.27
24.01
46.58
145.59
2027
57.1
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
10
2026
- -
- -
- -
- -
12
2027
- -
- -
- -
- -
- -
Business
Garware Hi-Tech Films Limited is a leading Indian manufacturer specializing in polyester films and high-margin specialty films, with a global footprint in over 100 countries. The company’s core product portfolio includes Suncontrol Window Films designed for enhanced cooling efficiency in residential, commercial, and automotive sectors; Paint Protection Films (PPF) offering industry-leading automotive surface protection; and a broad range of high-performance Biaxially Oriented Polyester (BOPET) Films used in applications such as shrink films, thermal films, lidding films, and liners. The company also offers architectural films that provide superior UV protection and energy efficiency. Founded over 90 years ago, Garware is headquartered in India and is recognized as the only global company with backward integration for producing raw materials and components for these specialty films. In recent developments, Garware has strategically expanded its capacity and product offerings through multiple key initiatives. These include the launch of a new Paint Protection Film production line and the doubling of PPF manufacturing capacity to 600 lakh square feet anticipated by Q2 FY26. The company is also investing in a new Thermoplastic Polyurethane (TPU) plant aimed at backward integration to enhance operational efficiencies and foster product innovation. Additionally, Garware has initiated a pilot project named Garware Home Solutions targeting end-to-end residential consumer solutions in major Indian cities. The company continues to focus on innovation, leveraging R&D and patented technologies to maintain leadership in niche film markets. Its recent acquisition in the flexible packaging sector further strengthens its market share and diversifies its product portfolio. Despite geopolitical and tariff challenges, the company maintains stable operations supported by a strong cash position and robust profit growth. Garware Hi-Tech Films operates primarily in the packaging and specialty films industry, targeting automotive, architectural, and consumer markets worldwide. Its continued emphasis on technological innovation, sustainable solutions, and operational excellence supports its reputation as a top exporter and market leader in specialty polyester films. With a debt-free balance sheet and multiple awards for technology and export excellence, Garware remains positioned for long-term growth and global expansion in high-value film products. The company is headquartered in Aurangabad, India, and benefits from a vertically integrated "chip to film" production process, distinguishing it in the specialty film manufacturing industry. This comprehensive product and operational profile reflects Garware Hi-Tech Films Limited’s significant role as a global supplier of advanced film solutions, supported by recent capital investments, product line expansions, and strategic initiatives to enhance market reach and innovation capacity.