Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Garware Technical Fibres Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 370 | 326 | 328 | 289 | 382 | 336 | 421 | 351 | 433 | 367 | 348 | 387 | 426 |
| Expenses + | 291 | 267 | 260 | 236 | 291 | 272 | 329 | 286 | 334 | 299 | 299 | 316 | 330 |
| Operating Profit | 80 | 58 | 69 | 53 | 91 | 64 | 91 | 65 | 98 | 68 | 48 | 71 | 96 |
| OPM % | 22% | 18% | 21% | 18% | 24% | 19% | 22% | 18% | 23% | 19% | 14% | 18% | 23% |
| Other Income + | 8 | 9 | 10 | 11 | 13 | 11 | 10 | 9 | 9 | 13 | 9 | 18 | -6 |
| Interest | 3 | 4 | 4 | 3 | 6 | 6 | 6 | 4 | 3 | 3 | 3 | 4 | 3 |
| Depreciation | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 |
| Profit before tax | 78 | 57 | 68 | 55 | 91 | 62 | 88 | 62 | 97 | 70 | 46 | 75 | 78 |
| Tax % | 24% | 25% | 23% | 21% | 23% | 25% | 25% | 23% | 27% | 25% | 30% | 25% | 27% |
| Net Profit + | 60 | 43 | 52 | 43 | 70 | 47 | 66 | 48 | 71 | 53 | 32 | 56 | 57 |
| EPS in Rs | 5.86 | 4.22 | 5.15 | 4.25 | 6.88 | 4.71 | 6.64 | 4.81 | 7.16 | 5.35 | 3.22 | 5.68 | 5.77 |
Financials of Garware Technical Fibres Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 782 | 825 | 846 | 885 | 1,018 | 953 | 1,035 | 1,189 | 1,306 | 1,326 | 1,540 | 1,529 |
| Expenses + | 703 | 722 | 710 | 724 | 826 | 775 | 830 | 966 | 1,076 | 1,054 | 1,221 | 1,245 |
| Operating Profit | 79 | 103 | 136 | 161 | 192 | 178 | 204 | 223 | 230 | 272 | 319 | 284 |
| OPM % | 10% | 13% | 16% | 18% | 19% | 19% | 20% | 19% | 18% | 21% | 21% | 19% |
| Other Income + | 4 | 6 | 8 | 18 | 21 | 32 | 35 | 25 | 28 | 43 | 38 | 34 |
| Interest | 10 | 9 | 7 | 10 | 14 | 12 | 10 | 11 | 12 | 17 | 20 | 14 |
| Depreciation | 12 | 13 | 14 | 15 | 17 | 19 | 21 | 21 | 22 | 26 | 28 | 34 |
| Profit before tax | 61 | 87 | 123 | 153 | 182 | 179 | 208 | 216 | 223 | 272 | 308 | 269 |
| Tax % | 29% | 29% | 32% | 31% | 31% | 21% | 24% | 24% | 23% | 23% | 25% | 26% |
| Net Profit + | 43 | 62 | 84 | 105 | 126 | 141 | 158 | 165 | 172 | 210 | 232 | 199 |
| EPS in Rs | 3.94 | 5.66 | 7.71 | 9.61 | 11.49 | 12.85 | 15.36 | 15.98 | 16.90 | 20.63 | 23.33 | 20.01 |
| Dividend Payout % | 15% | 12% | 13% | 9% | 9% | 26% | 3% | 9% | 4% | 3% | 6% | 5% |
Financials of Garware Technical Fibres Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 21 | 21 | 20 | 20 | 99 | 99 |
| Reserves | 289 | 344 | 424 | 515 | 628 | 717 | 790 | 950 | 996 | 1,213 | 1,142 | 1,255 |
| Borrowings + | 40 | 45 | 86 | 138 | 108 | 133 | 102 | 80 | 134 | 123 | 65 | 43 |
| Other Liabilities + | 349 | 412 | 309 | 310 | 319 | 319 | 406 | 365 | 343 | 414 | 450 | 482 |
| Total Liabilities | 699 | 822 | 842 | 985 | 1,078 | 1,191 | 1,319 | 1,415 | 1,493 | 1,771 | 1,757 | 1,879 |
| Fixed Assets + | 166 | 199 | 203 | 221 | 227 | 244 | 247 | 240 | 246 | 262 | 277 | 419 |
| CWIP | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 9 | 9 | 111 | 244 | 330 | 376 | 467 | 521 | 617 | 689 | 703 | 496 |
| Other Assets + | 517 | 613 | 528 | 519 | 521 | 570 | 605 | 654 | 630 | 820 | 777 | 963 |
| Total Assets | 699 | 822 | 842 | 985 | 1,078 | 1,191 | 1,319 | 1,415 | 1,493 | 1,771 | 1,757 | 1,879 |
Financials of Garware Technical Fibres Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 74 | 143 | 120 | 28 | 133 | 110 | 228 | 64 | 189 | 219 | 195 | 162 |
| Cash from Investing Activity + | -25 | -37 | -147 | -53 | -78 | -47 | -120 | 8 | -102 | -73 | -3 | 64 |
| Cash from Financing Activity + | -48 | -36 | 27 | 29 | -56 | -37 | -135 | -38 | -85 | -39 | -331 | -152 |
| Net Cash Flow | 2 | 70 | 1 | 4 | -1 | 25 | -27 | 34 | 3 | 108 | -139 | 73 |
| Free Cash Flow | 49 | 103 | 102 | -5 | 110 | 72 | 205 | 49 | 161 | 177 | 151 | 107 |
| CFO/OP | 112% | 160% | 114% | 43% | 95% | 91% | 134% | 52% | 107% | 102% | 84% | 85% |
Financials of Garware Technical Fibres Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 94 | 85 | 90 | 87 | 90 | 85 | 79 | 65 | 72 | 75 | 66 |
| Inventory Days | 138 | 145 | 176 | 206 | 186 | 250 | 235 | 234 | 187 | 256 | 227 | 321 |
| Days Payable | 67 | 186 | 247 | 257 | 215 | 241 | 308 | 220 | 169 | 227 | 221 | 215 |
| Cash Conversion Cycle | 156 | 53 | 14 | 40 | 58 | 99 | 12 | 93 | 83 | 102 | 81 | 172 |
| Working Capital Days | 61 | 42 | 12 | 24 | 37 | 41 | 24 | 61 | 34 | 36 | 56 | 147 |
| ROCE % | 20% | 25% | 28% | 26% | 26% | 23% | 24% | 23% | 21% | 23% | 25% | 22% |
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