Garware Technical Fibres Limited

NSE: GARFIBRES · Unclassified

₹715.65-2.13%06 Nov 2026

Ask the data

Instant answers about Garware Technical Fibres Limited — computed from its filings, no language model

Market cap₹6,988 cr

Current price₹715.65

High / Low₹843 / ₹592

P/E29.5

P/B4.97

Book value₹144.0

ROE16.8%

ROCE22.5%

Debt / equity0.04

Dividend yield1.34%

EPS (TTM)₹24.26

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	886	1,018	953	1,035	1,189	1,306	1,326	1,540	1,529
EBITDA	160	192	178	204	223	230	272	319	284
Operating margin	18.1%	18.9%	18.6%	19.8%	18.7%	17.6%	20.5%	20.7%	18.6%
Interest	10	14	12	10	11	12	17	20	14
Depreciation	15	17	19	21	21	22	26	28	34
Profit before tax	153	182	179	208	216	223	272	308	269
Tax	48	56	38	50	52	51	64	77	71
Net profit	105	0	141	158	165	172	208	232	199
EPS ₹	48.06	57.44	64.22	74.64	79.92	83.54	102.16	23.32	20.01
Operating cash flow	—	—	—	—	64	189	219	195	162
Capex	—	—	—	—	14	29	38	44	56
Dividend paid	—	—	—	—	5	14	7	6	94
Total assets	—	—	—	—	—	1,493	1,771	1,757	1,879
Equity	—	—	—	—	—	1,016	1,234	1,242	1,354

Quarterly performance

last 31 quarters · ₹ crore

showing latest 8 of 31 periods

	MAR '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	235	290	232	232	236	253	152	268	278	335	243	282	308	356	356	275	370	326	328	289	382	336	421	351	433	367	348	387	426	482	463
Operating profit	46	51	43	41	38	55	18	57	58	71	43	51	56	73	62	47	80	58	69	53	91	64	91	65	98	68	48	71	96	90	80
Operating margin	19.4%	17.6%	18.6%	17.7%	16.1%	21.8%	11.7%	21.4%	20.9%	21.2%	17.7%	18.1%	18.0%	20.6%	17.4%	17.2%	21.5%	17.9%	20.9%	18.5%	23.9%	19.2%	21.7%	18.4%	22.7%	18.5%	13.9%	18.3%	22.6%	18.7%	17.3%
Other income	2	8	7	10	8	8	12	8	9	6	6	10	5	5	8	8	8	9	10	11	13	11	10	9	9	13	9	18	8	9	9
Interest	2	4	3	3	3	3	2	3	3	2	2	3	4	1	3	3	3	4	4	3	6	6	6	4	3	3	3	4	3	3	3
Depreciation	4	5	5	5	5	5	5	5	5	5	5	5	5	5	5	6	6	6	6	7	7	7	7	7	7	7	9	9	9	9	10
Profit before tax	41	51	42	44	38	55	23	58	59	69	41	53	51	71	61	47	78	57	68	55	91	62	88	62	97	70	46	75	78	86	76
Tax	12	14	13	-3	9	19	5	13	16	16	9	12	13	17	13	10	19	14	16	12	22	15	22	14	26	17	14	19	21	22	18
Net profit	29	0	30	0	0	36	18	44	43	53	32	41	38	54	48	37	60	43	52	43	69	47	66	48	71	53	12	56	57	65	59
EPS ₹	13.42	16.74	13.54	21.13	13.23	16.32	8.08	20.54	20.19	25.08	15.49	19.83	18.46	26.14	23.17	17.74	28.95	21.08	25.75	21.23	34.09	23.38	33.11	24.00	7.16	5.35	3.22	5.66	5.77	6.56	6.00
Revenue YoY	—	23.3%	—	—	—	-12.8%	-34.4%	15.5%	18.1%	32.8%	59.5%	5.0%	10.7%	6.2%	26.3%	-10.9%	4.0%	—	-7.8%	5.4%	3.2%	3.2%	28.1%	21.2%	13.2%	9.2%	-17.3%	10.4%	-1.4%	31.4%	33.0%
Profit YoY	—	-100.0%	—	—	—	—	-40.3%	—	—	49.1%	80.7%	-7.8%	-11.8%	1.3%	16.8%	-3.9%	10.7%	—	9.9%	18.3%	16.4%	8.8%	25.7%	10.4%	2.3%	13.5%	-82.4%	17.7%	-19.4%	21.7%	405.9%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Garware Technical Fibres Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	446	454	504	582	604	688	784	828	868
Operating profit	43	49	55	60	62	69	81	105	135
Operating margin	9.6%	10.8%	10.9%	10.3%	10.3%	10.0%	10.4%	12.7%	15.5%
Other income	1	1	0	1	1	1	2	3	8
Interest	13	11	9	13	14	16	10	9	6
Depreciation	12	13	15	16	16	14	12	13	14
Profit before tax	19	26	31	32	33	39	61	87	122
Tax	3	7	7	8	9	12	17	25	39
Net profit	16	19	24	24	25	27	43	62	83

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	98	97	117	116	117	97	117	117	109	107	122	120	127	120	137	142	139	140	161	165	154	138	147	149	177	171	191	199	203	185	197	239	214	186	188	225	232	195	216	243	206	201
Operating profit	14	13	15	12	16	1	15	12	12	11	14	13	14	13	15	15	15	14	17	15	17	15	15	18	18	15	17	19	21	18	23	26	26	25	28	31	40	30	34	37	43	35
Operating margin	14.5%	13.7%	12.8%	10.2%	13.5%	0.7%	12.6%	10.2%	11.0%	10.6%	11.4%	10.6%	10.8%	11.0%	11.2%	10.3%	10.5%	9.9%	10.6%	9.3%	10.7%	11.2%	10.2%	12.2%	10.1%	9.0%	9.0%	9.7%	10.5%	9.8%	11.5%	10.8%	12.4%	13.2%	15.1%	13.7%	17.2%	15.2%	15.9%	15.3%	20.9%	17.2%
Other income	0	1	1	0	1	0	0	0	0	0	0	-0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	0	1	0	0	0	1	0	1	1	2	3	1	1	7	4	5
Interest	4	4	4	3	4	3	2	3	3	3	3	2	2	2	2	3	3	4	4	3	4	4	2	5	5	4	2	2	3	2	3	2	2	3	2	1	2	1	2	2	2	3
Depreciation	3	2	3	3	3	3	3	3	3	3	3	3	3	4	4	4	4	4	4	4	4	4	4	4	4	3	3	4	3	3	3	3	3	3	3	3	4	4	4	4	4	4
Profit before tax	8	8	9	6	9	-6	9	6	6	6	8	7	8	7	9	8	8	7	10	8	8	8	9	9	9	9	12	14	16	13	17	22	21	20	24	28	38	26	29	38	41	32
Tax	1	1	2	1	1	-1	1	1	1	2	3	1	2	2	2	2	2	2	2	2	2	2	2	3	3	2	4	5	5	3	5	7	6	5	7	9	12	8	10	12	13	11
Net profit	7	7	6	5	8	-5	8	5	5	4	5	6	6	6	7	6	6	4	8	6	6	6	7	6	6	7	7	10	11	10	12	15	15	15	17	20	26	18	20	26	28	22
EPS ₹	3.38	3.33	2.99	2.21	—	-2.05	3.38	2.04	2.07	1.79	2.28	2.32	2.73	2.37	2.88	2.46	2.37	1.83	3.46	2.53	2.54	2.39	2.95	2.62	2.55	3.00	3.37	4.46	4.58	4.30	5.60	6.68	7.02	6.67	7.90	9.03	11.89	8.16	8.97	11.88	12.87	9.89
Revenue YoY	—	—	—	—	19.5%	-0.4%	-0.4%	1.0%	-7.0%	10.2%	4.2%	2.6%	16.5%	12.5%	12.9%	18.1%	9.8%	17.1%	17.4%	16.4%	11.0%	-1.9%	-8.7%	-9.4%	14.9%	23.8%	29.6%	33.5%	14.5%	8.6%	3.3%	20.0%	5.7%	0.2%	-4.3%	-6.0%	8.5%	4.9%	14.4%	8.1%	-11.4%	3.5%
Profit YoY	—	—	—	—	14.6%	-170.6%	28.8%	-4.2%	-38.9%	—	-32.5%	13.9%	32.2%	32.5%	26.3%	6.2%	-13.3%	-23.1%	20.4%	2.6%	7.1%	30.7%	-14.7%	3.7%	0.3%	24.0%	5.7%	57.0%	79.8%	45.2%	65.7%	49.9%	41.5%	43.3%	40.9%	35.2%	69.2%	22.3%	13.7%	31.5%	8.2%	21.1%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 24 periods

	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	18.4%	17.1%	17.7%	16.9%	17.2%	20.1%	20.5%	18.6%	19.2%	14.1%	14.8%	13.2%	14.0%	16.8%
ROCE	—	—	—	—	—	—	—	—	—	—	22.3%	21.5%	22.2%	21.4%	21.9%	25.1%	25.7%	25.2%	25.6%	20.2%	21.1%	20.3%	21.4%	22.5%
Net margin	3.0%	6.9%	6.1%	10.8%	14.8%	15.3%	15.3%	14.9%	14.0%	13.9%	14.1%	14.8%	15.1%	15.7%	15.9%	15.8%	15.4%	15.0%	15.1%	12.2%	12.5%	11.7%	11.5%	13.5%
EBITDA margin	17.5%	18.6%	17.4%	18.5%	19.8%	19.8%	20.4%	19.6%	18.9%	18.7%	18.6%	19.5%	19.8%	20.5%	20.8%	21.0%	20.9%	20.7%	20.5%	18.6%	18.6%	18.6%	18.6%	19.2%
Debt / equity	—	—	—	—	—	—	—	—	—	—	0.13	0.10	0.10	0.10	0.10	0.13	0.13	0.05	0.05	0.10	0.10	0.03	0.03	0.04
Interest coverage	15.11	16.46	15.96	17.49	19.10	21.14	21.98	21.80	19.47	21.47	19.00	18.08	18.49	16.80	15.57	14.98	14.44	16.41	19.62	20.51	22.27	20.87	21.78	24.89
Asset turnover	—	—	—	—	—	—	—	—	—	—	0.89	0.83	0.84	0.75	0.75	0.85	0.89	0.88	0.89	0.80	0.82	0.81	0.88	0.89

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	21	20	20	20	20	99	99	99	98
Other equity / reserves	1,015	996	1,098	1,213	1,103	1,142	1,199	1,255	1,309
Total equity	1,035	1,016	1,119	1,234	1,123	1,242	1,298	1,354	1,406
Borrowings	98	133	116	119	142	61	129	40	54
Current liabilities	401	431	404	483	491	451	490	435	469
Non-current liabilities	44	46	51	54	58	64	89	89	95
Total assets	1,480	1,493	1,573	1,771	1,672	1,757	1,877	1,879	1,971
Property, plant & equipment	236	242	249	258	263	274	325	345	355
Capital work-in-progress	0	0	0	—	1	0	1	1	1
Investments	510	617	664	689	614	703	552	496	494
Inventories	270	214	278	257	319	270	372	399	425
Receivables	275	239	216	266	257	324	312	298	341
Cash & equivalents	35	42	29	149	32	11	49	99	96

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	64	189	219	195	162
Cash from investing	8	-102	-73	-3	64
Cash from financing	-38	-85	-39	-331	-152
Capex	14	29	38	44	56
Free cash flow	50	160	180	151	106
Dividends paid	5	14	7	6	94

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹355 cr18%

CWIP

₹1 cr0%

Investments

₹494 cr25%

Inventories

₹425 cr22%

Receivables

₹341 cr17%

Cash & equivalents

₹96 cr5%

Other assets

₹259 cr13%

Peer comparison

largest in Unclassified · this company in bold

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Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Garware Technical Fibres Limited	6,988	715.65	29.5	4.97	16.8%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-7.5%

6 months+6.4%

1 year-7.3%

3Y CAGR+4.1%

5Y CAGR-0.9%

10Y CAGR+20.7%

50-day avg₹775.94

200-day avg₹703.27

RSI (14)38

FAQs

What is the share price of Garware Technical Fibres Limited?

Garware Technical Fibres Limited (GARFIBRES) closed at ₹715.65 on NSE on 06 Nov 2026.

What is the market cap of Garware Technical Fibres Limited?

₹6,988 crore at the latest close.

What is the P/E ratio of Garware Technical Fibres Limited?

29.5, on trailing-twelve-month earnings from its filings.

How fast is Garware Technical Fibres Limited growing?

Garware Technical Fibres Limited: revenue has compounded at 5.4% a year over three years; net profit at 4.9% a year. Latest-quarter revenue is up 33.0% year on year, profit up 405.9%.

How profitable is Garware Technical Fibres Limited?

On a trailing-twelve-month basis return on equity is 16.8%, return on capital employed 22.5%, operating margin 19.2%, net margin 13.5%.

How much debt does Garware Technical Fibres Limited have?

Garware Technical Fibres Limited is debt-free: debt to equity is 0.04 with borrowings of ₹54 cr against cash of ₹96 cr (balance sheet of 2026-09-30). Operating profit covers interest 24.9 times.

Financials parsed from Garware Technical Fibres Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.