GARWARE TECHNICAL FIBRES LIMITED

About

Garware Technical Fibres Limited manufactures and sells various technical textile products in India and internationally. It provides smolt and grow out cages, predator cages, mooring and vertical ropes, and lice shield solutions; bottom and pelagic trawling, purse seine, gill and dol netting, and crab/lobster netting, as well as trawling products; and insect, anti-hail, anti-bird, grape, crop support, floriculture, fencing, shades, and BLRS nets, as well as staking cord, seed production, and weed mat products. It also offers coated fabrics products for decorative fabrics, bouncies, passive heat management solution, transport, sports, water tank/bio flock, bio gas, and shelter fabrics applications; mooring, towing, and other rope articles and accessories; UHMPE products; single point mooring systems; air inflatable tents/shelters/structures, recovery/under slung ropes, and fast ropes; fire retardant/vehicle/muzzle/gun covers; sport nets, sports frames and accessories, safety/protection nets, fitness and mountaineering ropes, and customized products comprising wood carrying bags, hay and cargo nets, and helicopter landing nets; and transmission, submersible, and other general applications ropes. In addition, it provides bag closing, doll hair, and jute bag stitching products; fall protection solutions; bird protection nets; and geo synthesis solutions for environment, highways and railways, erosion control, mining, oil and gas, energy, slope protection, coastal and river protection works; and lifting solutions, such as lifting and round slings, cut and abrasion resistant sleeves, and other slings. It serves aquaculture farms; commercial fisheries; cultivation farms; and shipping and construction, civil engineering, and sports facilities companies. The company was formerly known as Garware-Wall Ropes Limited and changed its name to Garware Technical Fibres Limited in July 2018. Garware Technical Fibres Limited was incorporated in 1976 and is based in Pune, India.

Key Metrics

as of Sep 2026

Market Cap7,814 Cr

P/E35.50

Div Yield1.12 %

Book Value₹136.00

52w High₹863.00

52w Low₹579.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	482.00	426.00	387.00	348.00	367.00	433.00	351.00	421.00	336.00	382.00	289.00	328.00	326.00
Expenses	392.00	330.00	316.00	299.00	299.00	334.00	286.00	329.00	272.00	291.00	236.00	260.00	267.00
Operating Profit	90.00	96.00	71.00	48.00	68.00	98.00	65.00	91.00	64.00	91.00	53.00	69.00	58.00
OPM %	19.00	23.00	18.00	14.00	19.00	23.00	18.00	22.00	19.00	24.00	18.00	21.00	18.00
Other Income	9.00	-6.00	18.00	9.00	13.00	9.00	9.00	10.00	11.00	13.00	11.00	10.00	9.00
Depreciation	9.00	9.00	9.00	9.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	6.00	6.00
Interest	3.00	3.00	4.00	3.00	3.00	3.00	4.00	6.00	6.00	6.00	3.00	4.00	4.00
Profit before tax	86.00	78.00	75.00	46.00	70.00	97.00	62.00	88.00	62.00	91.00	55.00	68.00	57.00
Tax %	25.00	27.00	25.00	30.00	25.00	27.00	23.00	25.00	25.00	23.00	21.00	23.00	25.00
Net Profit	65.00	57.00	56.00	32.00	53.00	71.00	48.00	66.00	47.00	70.00	43.00	52.00	43.00
EPS in Rs	6.62	5.77	5.68	3.22	5.35	7.16	4.81	6.64	4.71	6.88	4.25	5.15	4.22

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	1,529.00	1,540.00	1,326.00	1,306.00	1,189.00	1,035.00	953.00	1,018.00	885.00	846.00	825.00	782.00
Expenses	1,262.00	1,234.00	1,054.00	1,076.00	966.00	830.00	775.00	826.00	724.00	710.00	722.00	703.00
Operating Profit	267.00	306.00	272.00	230.00	223.00	204.00	178.00	192.00	161.00	136.00	103.00	79.00
OPM %	17.00	20.00	21.00	18.00	19.00	20.00	19.00	19.00	18.00	16.00	13.00	10.00
Other Income	51.00	51.00	43.00	28.00	25.00	35.00	32.00	21.00	18.00	8.00	6.00	4.00
Interest	14.00	20.00	17.00	12.00	11.00	10.00	12.00	14.00	10.00	7.00	9.00	10.00
Depreciation	34.00	28.00	26.00	22.00	21.00	21.00	19.00	17.00	15.00	14.00	13.00	12.00
Profit before tax	269.00	308.00	272.00	223.00	216.00	208.00	179.00	182.00	153.00	123.00	87.00	61.00
Tax %	26.00	25.00	23.00	23.00	24.00	24.00	21.00	31.00	31.00	32.00	29.00	29.00
Net Profit	199.00	232.00	210.00	172.00	165.00	158.00	141.00	126.00	105.00	84.00	62.00	43.00
EPS in Rs	20.01	23.33	20.63	16.90	15.98	15.36	12.85	11.49	9.61	7.71	5.66	3.94
Dividend Payout %	5.00	6.00	3.00	4.00	9.00	3.00	26.00	9.00	9.00	13.00	12.00	15.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	99.00	99.00	20.00	20.00	21.00	21.00	22.00	22.00	22.00	22.00	22.00	22.00
Reserves	1,255.00	1,142.00	1,213.00	996.00	950.00	790.00	717.00	628.00	515.00	424.00	344.00	289.00
Borrowings	43.00	65.00	123.00	134.00	80.00	102.00	133.00	108.00	138.00	86.00	45.00	40.00
Other Liabilities	481.00	450.00	414.00	343.00	365.00	406.00	319.00	319.00	310.00	309.00	412.00	349.00
Total Liabilities	1,879.00	1,757.00	1,771.00	1,493.00	1,415.00	1,319.00	1,191.00	1,078.00	985.00	842.00	822.00	699.00
Fixed Assets	419.00	277.00	262.00	246.00	240.00	247.00	244.00	227.00	221.00	203.00	199.00	166.00
CWIP	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.00
Investments	496.00	703.00	689.00	617.00	521.00	467.00	376.00	330.00	244.00	111.00	9.00	9.00
Other Assets	963.00	777.00	820.00	630.00	654.00	605.00	570.00	521.00	519.00	528.00	613.00	517.00
Total Assets	1,879.00	1,757.00	1,771.00	1,493.00	1,415.00	1,319.00	1,191.00	1,078.00	985.00	842.00	822.00	699.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	162.00	196.00	219.00	189.00	64.00	228.00	110.00	133.00	28.00	120.00	143.00	74.00
Cash from Investing Activity	68.00	10.00	-73.00	-102.00	8.00	-120.00	-47.00	-78.00	-53.00	-147.00	-37.00	-25.00
Cash from Financing Activity	-152.00	-332.00	-39.00	-85.00	-38.00	-135.00	-37.00	-56.00	29.00	27.00	-36.00	-48.00
Net Cash Flow	78.00	-125.00	108.00	3.00	34.00	-27.00	25.00	-1.00	4.00	1.00	70.00	2.00
Free Cash Flow	107.00	152.00	177.00	161.00	49.00	205.00	72.00	110.00	-5.00	102.00	103.00	49.00
CFO/OP %	90.00	88.00	102.00	107.00	52.00	134.00	91.00	95.00	43.00	114.00	160.00	112.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	66.00	75.00	72.00	65.00	79.00	85.00	90.00	87.00	90.00	85.00	94.00	85.00
Inventory Days	321.00	227.00	256.00	187.00	234.00	235.00	250.00	186.00	206.00	176.00	145.00	138.00
Days Payable	215.00	216.00	227.00	169.00	220.00	308.00	241.00	215.00	257.00	247.00	186.00	67.00
Cash Conversion Cycle	172.00	86.00	102.00	83.00	93.00	12.00	99.00	58.00	40.00	14.00	53.00	156.00
Working Capital Days	80.00	56.00	36.00	34.00	61.00	24.00	41.00	37.00	24.00	12.00	42.00	61.00
ROCE %	22.00	25.00	23.00	21.00	23.00	24.00	23.00	26.00	26.00	28.00	25.00	20.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	54.25	53.36	53.36	53.00	53.00	53.00	53.00	53.00	53.00	52.70	52.70	52.70
FIIs	8.67	9.12	9.07	10.05	9.89	9.80	10.15	9.82	9.55	9.34	8.77	8.58
DIIs	10.11	10.29	10.44	10.98	10.97	10.97	10.37	10.44	10.39	10.02	10.19	9.62
Public	26.98	27.24	27.14	25.97	26.15	26.24	26.50	26.74	27.06	27.95	28.33	29.09
No. of Shareholders	39,254	41,415	41,958	43,116	43,980	46,773	42,654	36,832	37,164	92,445	38,111	41,185

Corporate Actions

35 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Other	20 May 2026	20 May 2026	—	—	Buy Back of Shares
Other	20 May 2026	20 May 2026	—	—	Buy Back
Dividend	14 Nov 2025	14 Nov 2025	—	8.00
Dividend	26 Aug 2025	26 Aug 2025	—	1.50
Bonus	03 Jan 2025	03 Jan 2025	4:1	—
Dividend	12 Sep 2024	—	—	3.00
Other	26 Mar 2024	26 Mar 2024	—	—	Buy Back of Shares
Other	26 Mar 2024	26 Mar 2024	—	—	Buy Back
Dividend	11 Sep 2023	—	—	3.50
Other	03 Nov 2022	04 Nov 2022	—	—	Buy Back of Shares
Other	03 Nov 2022	04 Nov 2022	—	—	Buy Back
Dividend	05 Sep 2022	—	—	7.00
Dividend	08 Sep 2021	—	—	2.50
Other	10 Dec 2020	11 Dec 2020	—	—	Buy Back of Shares
Other	10 Dec 2020	11 Dec 2020	—	—	Buyback
Dividend	20 Mar 2020	23 Mar 2020	—	10.00	NSE/BSE dividend mismatch: BSE/NSE=7.0; BSE/NSE=10.0
Dividend	20 Mar 2020	23 Mar 2020	—	7.00	NSE/BSE dividend mismatch: BSE/NSE=7.0; BSE/NSE=10.0
Dividend	06 Sep 2019	—	—	5.00
Dividend	30 Aug 2018	—	—	4.50
Dividend	27 Jul 2017	—	—	3.50	NSE/BSE dividend mismatch: BSE/NSE=1.5; BSE=3.5
Dividend	27 Jul 2017	—	—	1.50	NSE/BSE dividend mismatch: BSE/NSE=1.5; BSE=3.5
Dividend	02 Aug 2016	—	—	3.30
Dividend	25 Aug 2015	—	—	3.00
Dividend	18 Sep 2014	—	—	2.70
Dividend	22 Aug 2013	—	—	2.50
Dividend	20 Sep 2012	—	—	2.50
Dividend	15 Sep 2011	—	—	2.50
Dividend	08 Sep 2010	—	—	2.50
Dividend	16 Sep 2009	—	—	2.50
Other	16 Sep 2009	—	—	—	Dividend-Rs.2.50 Pr Share
Dividend	16 Sep 2008	—	—	2.50
Dividend	15 Nov 2007	—	—	2.50
Dividend	09 Sep 2002	—	—	2.20
Dividend	20 Aug 2001	—	—	2.00
Dividend	16 Aug 2001	—	—	2.00