Garware Hi-Tech Films Limited

NSE: GRWRHITECH · Capital Goods

₹7,653.50+0.30%06 Nov 2026

Ask the data

Instant answers about Garware Hi-Tech Films Limited — computed from its filings, no language model

Market cap₹17,779 cr

Current price₹7,653.50

High / Low₹7,654 / ₹2,704

P/E41.7

P/B6.12

Book value₹1,251.3

ROE14.7%

ROCE19.8%

Debt / equity0.00

Dividend yield0.16%

EPS (TTM)₹183.41

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY22	FY23	FY24	FY25	FY26
Revenue	1,303	1,438	1,677	2,109	2,120
EBITDA	238	227	282	441	435
Operating margin	18.3%	15.8%	16.8%	20.9%	20.5%
Interest	18	17	12	9	8
Depreciation	28	32	39	41	45
Profit before tax	231	220	270	445	446
Tax	64	54	67	114	108
Net profit	167	166	203	331	338
EPS ₹	71.96	71.51	87.50	142.57	145.59
Operating cash flow	172	218	172	330	275
Capex	126	70	17	59	161
Dividend paid	23	23	23	23	28
Total assets	—	2,214	2,324	2,682	3,011
Equity	—	1,856	2,045	2,372	2,656

Quarterly performance

last 19 quarters · ₹ crore

showing latest 8 of 19 periods

	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	334	324	395	324	349	380	397	454	447	474	621	466	548	495	570	459	597	633	696
Operating profit	65	55	67	45	53	64	65	75	78	119	137	81	104	110	119	70	135	172	169
Operating margin	19.4%	17.1%	16.9%	13.9%	15.3%	16.8%	16.3%	16.6%	17.5%	25.0%	22.0%	17.4%	19.1%	22.1%	21.0%	15.3%	22.7%	27.2%	24.4%
Other income	8	15	9	7	17	9	9	9	12	11	14	12	17	13	14	16	21	20	20
Interest	5	5	4	4	5	4	4	2	2	2	2	2	2	2	2	2	2	2	3
Depreciation	7	7	8	8	10	10	10	10	10	10	10	10	10	11	11	12	12	13	13
Profit before tax	60	59	64	40	56	59	61	73	78	118	138	81	109	110	120	73	142	176	173
Tax	17	14	16	10	13	15	15	17	20	29	34	20	31	27	29	17	34	44	44
Net profit	43	45	48	30	43	44	46	56	58	88	104	61	78	83	91	56	108	133	129
EPS ₹	18.46	19.42	20.72	13.09	18.54	18.81	19.76	24.05	24.88	38.03	44.88	26.17	33.49	35.73	39.27	24.01	46.58	57.10	55.71
Revenue YoY	—	—	—	-2.9%	7.9%	—	0.6%	39.9%	28.0%	25.0%	56.3%	2.8%	22.7%	4.3%	-8.2%	-1.6%	8.9%	27.9%	22.1%
Profit YoY	—	—	—	-29.1%	-4.5%	—	-4.6%	83.8%	34.2%	102.2%	127.1%	8.8%	34.6%	-6.0%	-12.5%	-8.3%	39.1%	59.8%	41.9%

Earlier results (standalone, Sep '07 – Sep '21)

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

Garware Hi-Tech Films 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 13 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†	FY20†	FY21†
Revenue	550	618	901	806	776	835	887	842	872	832	923	877	960
Operating profit	85	128	276	98	67	67	59	79	71	84	133	143	207
Operating margin	15.5%	20.7%	30.7%	12.1%	8.6%	8.1%	6.6%	9.4%	8.2%	10.0%	14.4%	16.3%	21.6%
Other income	—	0	0	—	8	12	27	6	7	5	9	25	16
Interest	52	42	25	25	29	37	44	43	32	24	19	18	18
Depreciation	32	32	34	42	39	33	15	17	17	13	14	20	24
Profit before tax	1	54	217	35	12	15	27	25	29	51	110	130	181
Tax	3	14	85	0	-16	3	9	8	9	17	35	43	62
Net profit	-2	40	132	35	28	11	17	17	20	34	74	87	119

Quarters

showing latest 8 of 57 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†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†	SEP '19†	DEC '19†	MAR '20†	JUN '20†	SEP '20†	DEC '20†	MAR '21†	JUN '21†	SEP '21†
Revenue	137	143	143	150	149	123	129	144	161	150	163	174	219	268	239	235	195	191	185	195	193	176	212	193	221	230	191	224	236	206	221	235	214	191	202	221	211	208	231	215	203	194	219	231	244	221	227	251	236	195	195	174	251	255	280	302	326
Operating profit	26	25	25	27	19	15	24	33	36	28	30	46	59	95	76	36	29	20	13	18	15	18	16	17	20	17	14	22	19	12	6	27	18	14	20	25	16	14	16	25	17	16	26	39	40	21	32	49	41	23	30	32	69	58	48	61	55
Operating margin	18.8%	17.4%	17.5%	17.8%	13.0%	12.5%	18.5%	23.1%	22.4%	18.9%	18.4%	26.4%	27.0%	35.4%	31.8%	15.3%	14.9%	10.2%	7.0%	9.4%	7.7%	10.1%	7.6%	8.9%	9.0%	7.2%	7.1%	9.6%	7.9%	6.1%	2.7%	11.3%	8.6%	7.5%	9.8%	11.3%	7.7%	6.8%	6.8%	11.6%	8.3%	8.1%	11.8%	17.0%	16.5%	9.6%	14.3%	19.3%	17.5%	11.7%	15.6%	18.6%	27.6%	22.6%	17.1%	20.3%	16.9%
Other income	0	0	0	0	—	—	0	0	0	0	0	0	0	0	0	—	0	—	5	1	1	3	3	3	1	3	4	2	2	6	17	1	2	2	2	1	2	1	2	1	2	1	1	1	3	3	3	3	4	3	15	2	3	5	6	7	10
Interest	12	15	14	13	10	15	14	13	11	10	8	9	6	6	4	5	6	8	7	9	5	8	7	9	9	9	9	9	11	13	11	11	12	10	9	9	7	9	6	7	7	6	5	5	5	5	4	5	4	5	4	4	5	4	5	4	4
Depreciation	8	8	8	8	8	8	8	8	8	8	8	8	8	8	9	9	12	11	10	10	10	10	10	9	9	8	8	3	4	4	4	4	4	4	4	4	4	4	4	3	3	3	3	3	3	3	3	5	5	5	6	6	6	6	7	7	7
Profit before tax	5	2	3	5	2	-8	2	12	16	11	14	29	44	81	64	22	11	1	1	1	1	2	8	3	3	3	7	11	6	1	8	12	4	1	8	13	7	2	7	15	8	8	19	32	35	15	27	42	36	16	36	24	61	52	43	57	53
Tax	2	1	2	4	1	-3	1	6	9	0	0	7	14	30	35	0	0	0	0	0	0	0	-16	1	1	0	1	4	2	0	3	4	1	0	2	4	2	1	2	5	3	3	7	11	12	5	7	15	13	5	10	9	22	18	14	20	12
Net profit	3	1	1	1	1	-5	1	7	8	11	14	21	30	51	29	22	11	1	1	1	1	2	23	2	2	2	6	8	4	1	5	8	3	1	5	9	4	1	5	10	6	5	12	21	23	10	20	27	23	11	26	16	39	34	29	37	42
EPS ₹	1.19	0.41	0.57	0.48	0.40	-2.15	0.46	2.88	3.43	4.67	6.22	9.25	13.16	22.15	12.69	9.57	4.91	0.44	0.23	0.22	0.57	1.04	10.06	0.88	0.73	0.90	2.37	3.37	1.74	0.27	2.05	3.53	1.18	0.46	2.29	3.83	1.88	0.50	2.27	4.34	2.58	2.24	5.38	9.10	9.80	4.33	8.76	11.66	10.02	4.68	11.06	6.81	16.95	14.83	12.50	15.91	17.91
Revenue YoY	—	—	—	—	8.4%	-13.9%	-10.4%	-4.1%	8.0%	22.0%	27.2%	21.5%	36.5%	78.4%	46.3%	34.7%	-11.0%	-28.6%	-22.9%	-16.9%	-1.1%	-8.1%	15.0%	-1.0%	14.5%	31.1%	-10.1%	15.9%	6.6%	-10.6%	16.1%	5.0%	-9.1%	-7.1%	-8.9%	-5.9%	-1.2%	8.5%	14.6%	-2.7%	-3.9%	-6.4%	-5.3%	7.3%	20.0%	13.7%	3.6%	8.9%	-3.1%	-12.0%	-14.0%	-30.8%	6.4%	30.9%	43.6%	73.2%	29.7%
Profit YoY	—	—	—	—	-65.0%	-639.1%	-17.3%	520.6%	768.1%	—	1266.7%	221.2%	284.1%	374.3%	104.0%	3.4%	-62.3%	-98.0%	-98.2%	-97.6%	-88.5%	137.3%	4242.6%	294.2%	29.5%	-13.2%	-76.5%	282.9%	137.4%	-69.5%	-13.2%	4.7%	-32.3%	68.8%	11.5%	8.5%	59.3%	7.4%	-1.3%	13.0%	36.8%	348.3%	137.0%	109.7%	280.1%	93.7%	62.9%	28.1%	2.2%	7.9%	26.3%	-41.6%	69.2%	216.9%	13.0%	133.7%	5.7%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 14 periods

	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	8.9%	8.5%	9.8%	9.9%	12.1%	13.7%	14.0%	14.0%	13.7%	12.5%	12.3%	12.7%	14.6%	14.7%
ROCE	11.8%	11.8%	13.4%	13.8%	16.6%	18.6%	19.0%	19.2%	18.9%	17.1%	16.8%	17.1%	19.6%	19.8%
Net margin	11.4%	11.2%	11.9%	12.1%	14.0%	15.4%	15.5%	15.7%	15.3%	15.0%	14.9%	16.0%	17.2%	17.9%
EBITDA margin	15.8%	15.6%	16.3%	16.8%	19.0%	20.5%	20.7%	20.9%	20.3%	19.9%	19.5%	20.5%	22.0%	23.0%
Debt / equity	0.08	0.02	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	13.86	13.96	18.11	23.94	35.73	51.90	49.68	51.74	50.81	49.12	51.39	55.42	60.58	61.17
Asset turnover	0.65	0.66	0.71	0.72	0.76	0.79	0.80	0.79	0.79	0.73	0.73	0.70	0.75	0.72

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	23	23	23	23	23	23	23	23	23
Other equity / reserves	1,768	1,833	1,903	2,022	2,206	2,349	2,483	2,633	2,884
Total equity	1,791	1,856	1,926	2,045	2,229	2,372	2,507	2,656	2,907
Borrowings	169	141	38	0	0	0	0	0	0
Current liabilities	318	238	218	222	229	247	261	292	343
Non-current liabilities	147	121	68	57	57	63	64	63	69
Total assets	2,255	2,214	2,212	2,324	2,515	2,682	2,832	3,011	3,320
Property, plant & equipment	1,338	1,466	1,458	1,449	1,444	1,442	1,527	1,575	1,563
Capital work-in-progress	141	10	9	2	11	38	24	26	37
Investments	292	393	338	363	525	643	685	698	813
Inventories	262	199	239	290	304	309	320	389	461
Receivables	34	30	16	38	33	42	36	53	72
Cash & equivalents	105	60	90	108	127	110	94	127	192

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	172	218	172	330	275
Cash from investing	-141	-170	47	-274	-208
Cash from financing	6	-89	-169	-52	-60
Capex	126	70	17	59	161
Free cash flow	46	148	155	271	114
Dividends paid	23	23	23	23	28

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,563 cr47%

CWIP

₹37 cr1%

Investments

₹813 cr25%

Inventories

₹461 cr14%

Receivables

₹72 cr2%

Cash & equivalents

₹192 cr6%

Other assets

₹181 cr5%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Garware Hi-Tech Films Limited	17,779	7,653.50	41.7	6.12	14.7%

StoxGud checklist: Bullish setup · 9/10

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+10.9%

6 months+40.4%

1 year+113.9%

3Y CAGR+70.8%

5Y CAGR—

10Y CAGR—

50-day avg₹6,959.35

200-day avg₹5,642.94

RSI (14)69

FAQs

What is the share price of Garware Hi-Tech Films Limited?

Garware Hi-Tech Films Limited (GRWRHITECH) closed at ₹7,653.50 on NSE on 06 Nov 2026.

What is the market cap of Garware Hi-Tech Films Limited?

₹17,779 crore at the latest close.

What is the P/E ratio of Garware Hi-Tech Films Limited?

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

How fast is Garware Hi-Tech Films Limited growing?

Garware Hi-Tech Films Limited: revenue has compounded at 13.8% a year over three years; net profit at 26.7% a year. Latest-quarter revenue is up 22.1% year on year, profit up 41.9%.

How profitable is Garware Hi-Tech Films Limited?

On a trailing-twelve-month basis return on equity is 14.7%, return on capital employed 19.8%, operating margin 23.0%, net margin 17.9%.

How much debt does Garware Hi-Tech Films Limited have?

Garware Hi-Tech Films Limited is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹192 cr (balance sheet of 2026-09-30). Operating profit covers interest 61.2 times.

Financials parsed from Garware Hi-Tech Films Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from DEC '21, annual from FY22, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.