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NSE:GARFIBRES

GARWARE TECH FIBRES LTD

Textiles › Textiles & Apparels
₹748.65
at close · 28 Oct 2026
▼ 31.85 (-4.08%)
ThemesRailways· growing

Latest filings

Next results: Thu, 29 Oct · Financial Results
  1. Board meeting to approve September 2026 quarterly and half-year results · Results
  2. Quarterly dematerialisation compliance certificate filed for Q2 FY27 · Compliance
  3. Submission of newspaper publication copy to the Exchange · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures technical textiles and synthetic cordage products serving four end-use markets: aquaculture, sports, value-added ropes, and geosynthetics. In FY26, the synthetic cordage segment generated Rs 1,105.45 crore (76.5% of segment revenue), while Fibre and Industrial Products & Projects contributed Rs 338.73 crore (23.5%). The aquaculture business has supplied over 30,000 HDPE cage nets globally since 2010, primarily to salmon farming operators, in a market where the company cites global salmon demand growing at 8% CAGR against 3% supply growth. The sports nets business serves global sports customers, with US tariff issues resolved in FY26 and orders normalizing. Value-added ropes include the OTS acquisition (Norway) completed in July 2025, serving marine and industrial customers. Geosynthetics serves infrastructure projects and showed strong profitability growth in FY26, with the company pointing to Indian Railways (Rs 2.8 lakh crore) and MoRTH (Rs 3.9 lakh crore) capex as context. Materials account for 26.8% of revenue, employees 15.5%, and other operating expenses 36.3%.

Revenue mix · reported segments
Synthetic cordage76.5%
Fibre and Industrial Products & Projects23.5%
Operating scale
Aquaculture cage nets supplied globally since 2010
30,000+
FY26 synthetic cordage revenue
Rs 1,105.45 crore
FY26 Fibre and Industrial Products & Projects revenue
Rs 338.73 crore
Power from renewable sources
65%
GHG emissions reduction
24%
Credit rating
ICRA AA+, debt-free
Who pays it
Salmon farming operators, global sports and netting customers, marine and industrial rope buyers, and infrastructure/construction sector users of geosynthetics.
Biggest cost
Raw materials at 26.8% of FY26 revenue, with employee costs at 15.5% and other operating expenses at 36.3%.
Kind of business
Diversified technical textiles manufacturer with asset-light balance sheet (debt-free) and end-use exposure to aquaculture, sports, marine/industrial, and infrastructure.
Where it sits
Indian technical fibres company that has supplied 30,000+ HDPE aquaculture cage nets globally since 2010 and recently acquired OTS (Norway) to expand value-added ropes.
Market Cap
₹7,310 Cr
P / E (TTM)
35.3×
EV / EBITDA
21.6×
Div Yield
1.28%
Growth
8.1%▲
Revenue 5y CAGR
PAT +4.6% · EBITDA +5.8%
Quality
22.3%▲
ROCE (5y median)
ROE 16.9% (5y median) · margin 20.8%
Leverage
0.03·
Debt / Equity · low
Net cash ₹58 Cr
Revenue FY21→FY26
1.5×▲
Margin −2.3 pts
₹1,035 Cr → ₹1,529 Cr
Cash conversion
0.85×·
Operating cash ÷ profit · 5 yrs
₹829 Cr on ₹975 Cr
Moves on a normal day
1.11%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 229 Other Textile Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#133/179
P/B#171/185
ROCE#20/215
ROE#26/188
Debt / Equity#36/188
EBITDA margin#27/198
Revenue growth#43/192
Profit growth#99/203

Scorecard

Measured from the filed financials, judged against its Other Textile Products peers · as of FY26 — not investment advice

Strengths
Returns on capital 22.3% (5-year median)
#20 of 215 in Other Textile Products on the latest reported figures · down from 25.4% in FY21
Debt at 0.03× equity
lower than 81% of its 188 Other Textile Products peers
Pays out 47% of profit as dividend
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

GARFIBRES · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from GARWARE TECH FIBRES LTD's filed financials and exchange disclosures

What does GARWARE TECH FIBRES LTD do?

GARWARE TECH FIBRES LTD is a Textiles & Apparels company listed on NSE and BSE, trading under the symbol GARFIBRES.

Is GARWARE TECH FIBRES LTD profitable?

Yes. Over the trailing twelve months GARWARE TECH FIBRES LTD reported a net profit of ₹210 Cr on revenue of ₹1,644 Cr.

Does GARWARE TECH FIBRES LTD pay a dividend?

Yes. The dividend yield is 1.28% at the current price. It paid out 47% of its profit as dividend in FY26.

Is GARWARE TECH FIBRES LTD debt-free?

On a net basis, yes. It reported borrowings of ₹40 Cr on its 31 Mar 2026 balance sheet, but holds ₹58 Cr more cash than debt.

Is GARWARE TECH FIBRES LTD expensive compared with its peers?

On trailing P/E, GARWARE TECH FIBRES LTD ranks 133 of 179 in Other Textile Products — cheaper than 26% of them, against an industry median of 16.8×. This is a position, not a valuation judgement.

How much does the GARWARE TECH FIBRES LTD share price move in a day?

On a typical session GARWARE TECH FIBRES LTD moves 1.11% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are GARWARE TECH FIBRES LTD's next results?

Financial Results on Thu, 29 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track GARWARE TECH FIBRES LTD's announcements?

Every NSE and BSE filing by GARWARE TECH FIBRES 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.