What the business is, and whether it's a good one at a fair price.
Makes specialty plastic films used across automotive, architectural and consumer applications. Revenue is split across three lines: sun control films for windows (~50% of revenue), paint protection film or PPF for vehicles (~25%), and industrial products labelled IPDs (~25%). Sun control films are sold through distributors and directly via the Garware Home Solutions studio network (6 studios operational, targeting 50 by FY27) and 250+ Garware Application Studios; PPF is sold to automotive OEMs (4 domestic OEM partnerships signed) and via distributors. A Dubai free-zone subsidiary was incorporated in April 2026 to serve the MENA region, where current revenue is around $15 million against an FY27 target of $20-22 million. Operating costs are dominated by raw materials at 48.5% of revenue, with employee costs at 9.2% and other opex at 25.2%. Capacity is being expanded: an INR 191 crore new sun control film line is to commission by June 2027 adding ~30% capacity, and a TPU line for PPF backward integration is to commission by October 2026.
Measured from the filed financials, judged against its Plastic Products - Industrial peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from GARWARE HI-TECH FILMS LTD's filed financials and exchange disclosures
GARWARE HI-TECH FILMS LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol GRWRHITECH.
Yes. Over the trailing twelve months GARWARE HI-TECH FILMS LTD reported a net profit of ₹388 Cr on revenue of ₹2,258 Cr.
Yes. The dividend yield is 0.17% at the current price. It paid out 8% of its profit as dividend in FY26.
Effectively yes. It holds ₹127 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, GARWARE HI-TECH FILMS LTD ranks 48 of 54 in Plastic Products - Industrial — cheaper than 11% of them, against an industry median of 15.2×. This is a position, not a valuation judgement.
On a typical session GARWARE HI-TECH FILMS LTD moves 1.73% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by GARWARE HI-TECH FILMS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
