Arthneeti

Garware Technical Fibres Q2 FY27 Share Price & Earnings Call Analysis

₹739.00+0.32% today
Market cap
₹7,216 Cr
P/E
29.22
ROE
16.11%
PEG
4.21
Price to sales
4.10
Debt to equity
0.04
52W high / low
₹843 / ₹592
Sales growth (5Y)
8.12%
EBITDA margin
19.17%
Net profit margin
13.67%
Promoter holding
54.25%
Sales (last year)
₹1,759 Cr

Established in 1976, Garware-Wall Ropes (GWRL) is one of India's leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide. The company manufactures and provides world class solutions in high performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics.

Potential multibaggers · Q2 FY27

Potential multibaggers in Textiles & Apparels
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Sumeet IndustrieGood growth
    3
See all potential multibaggersWhere does Garware Technical Fibres rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Textiles & Apparels companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹602 Cr97.3
240%+Flat₹383 Cr25.2
3Sumeet Industrie20–40%Up 2%+₹638 Cr25.8
420–40%Up 2%+₹301 Cr20.1
520–40%Up 0–2%₹2,383 Cr10.4
620–40%Up 0–2%₹1,032 Cr55.7

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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels ranking

Financials of Garware Technical Fibres

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Garware Technical Fibres

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +52.70%52.70%53.00%53.00%53.00%53.00%53.00%53.00%53.36%53.36%54.25%54.25%
FIIs +8.77%9.34%9.55%9.82%10.15%9.80%9.89%10.05%9.07%9.12%8.67%8.36%
DIIs +10.19%10.02%10.39%10.44%10.37%10.97%10.97%10.98%10.44%10.29%10.11%10.79%
Public +28.33%27.95%27.06%26.74%26.50%26.24%26.15%25.97%27.14%27.24%26.98%26.61%
No. of Shareholders38,11192,44537,16436,83242,65446,77343,98043,11641,95841,41539,25436,527

Financials of Garware Technical Fibres

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +328289382336421351433367348387426482463
Expenses +260236291272329286334299299316330392383
Operating Profit69539164916598684871969080
OPM %21%18%24%19%22%18%23%19%14%18%23%19%17%
Other Income +10111311109913918-699
Interest4366643334333
Depreciation67777777999910
Profit before tax68559162886297704675788676
Tax %23%21%23%25%25%23%27%25%30%25%27%25%23%
Net Profit +52437047664871533256576559
EPS in Rs5.154.256.884.716.644.817.165.353.225.685.776.626.00

Financials of Garware Technical Fibres

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +7828258468851,0189531,0351,1891,3061,3261,5401,5291,759
Expenses +7037227107248267758309661,0761,0541,2341,2621,422
Operating Profit79103136161192178204223230272306267337
OPM %10%13%16%18%19%19%20%19%18%21%20%17%19%
Other Income +46818213235252843515130
Interest109710141210111217201413
Depreciation12131415171921212226283438
Profit before tax6187123153182179208216223272308269316
Tax %29%29%32%31%31%21%24%24%23%23%25%26%
Net Profit +436284105126141158165172210232199237
EPS in Rs3.945.667.719.6111.4912.8515.3615.9816.9020.6323.3320.0124.07
Dividend Payout %15%12%13%9%9%26%3%9%4%3%6%5%

Financials of Garware Technical Fibres

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital22222222222221212020999998
Reserves2893444245156287177909509961,2131,1421,2551,309
Borrowings +40458613810813310280134123654356
Other Liabilities +349412309310319319406365343414450481508
Total Liabilities6998228429851,0781,1911,3191,4151,4931,7711,7571,8791,971
Fixed Assets +166199203221227244247240246262277419431
CWIP7000000000011
Investments99111244330376467521617689703496494
Other Assets +5176135285195215706056546308207779631,045
Total Assets6998228429851,0781,1911,3191,4151,4931,7711,7571,8791,971

Financials of Garware Technical Fibres

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +741431202813311022864189219196162
Cash from Investing Activity +-25-37-147-53-78-47-1208-102-731068
Cash from Financing Activity +-48-362729-56-37-135-38-85-39-332-152
Net Cash Flow27014-125-27343108-12578
Free Cash Flow49103102-51107220549161177152107
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit112%160%114%43%95%91%134%52%107%102%88%90%

Financials of Garware Technical Fibres

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days859485908790857965727566
Inventory Days138145176206186250235234187256227321
Days Payable67186247257215241308220169227216215
Cash Conversion Cycle156531440589912938310286172
Working Capital Days614212243741246134365680
ROCE %20%25%28%26%26%23%24%23%21%23%25%22%
32out of 100

Momentum score · price trend

32 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−3.0%57%
Last 6 months+16.1%73%
Last 3 months−3.3%62%

The price is 23.3% below its all-time high of ₹960.04 (6 Dec 2024). Stocks more than 20% below their peak have their score halved, so 64 became 32.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Garware Technical Fibres: 0.4 × 57 + 0.4 × 73 + 0.2 × 62 = 64, halved to 32 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Garware Technical Fibres's management said in earlier quarters

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