Garware Hi-Tech Films Ltd

500655

Summary

Fair Value Assessment
Undervalued (24% Discount)
Fair ValueQ3,218.94UncertaintyHigh
Close Price2,435.00Apr 07, 2025
Market Closed
2,533.70
Price Up by 98.70 | 4.05 %
Previous Close
2,435.00
Day Range
2,480.70 – 2,667.90
Year Range
1,513.25 – 5,373.00
Bid / Ask
Market Cap
58.9 Bil
Volume / Average
18.9 k / 8.9 k
Beta (5-Year)
0.98
Shares Outstanding
23.23 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Garware Hi-Tech Films Ltd is a manufacturer of polyester films and value accretive high-margin specialty films in India. The products offered by the company include various types of paint protection films, decorative films, privacy films, packaging films, graphic films, and others. Geographically, the company derives maximum revenue from its customers located in the United States of America and the rest from India, and the rest of the world.
Contact
50 - A, Swami Nityanand Marg Garware House, Mumbai, MH 400057
T +91 2266988000
www.garwarehitechfilms.com opens in a new tab
Sector
Basic Materials
Industry
Specialty Chemicals
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2025
Employees
1,775

Key Metrics

Income Statement (in Bil, except ratios)
12/31/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Revenue
19.83 16.52 14.12 12.75 9.71 9.04
Revenue Growth %
27.65% 17.00% 10.73% 31.27% 7.50% -2.29%
Gross Profit
9.80 7.66 6.72 6.69 5.62 4.66
Gross Profit Margin %
49.40% 46.38% 47.61% 52.45% 57.82% 51.62%
Operating Income
3.75 2.44 1.95 2.10 1.96 1.43
Operating Margin %
18.92% 14.76% 13.85% 16.48% 20.18% 15.84%
EBIT
4.17 2.76 2.31 2.44 2.04 1.49
EBIT Margin %
21.05% 16.72% 16.34% 19.13% 21.05% 16.45%
EBITDA
4.58 3.15 2.63 2.72 2.28 1.69
EBITDA Margin %
23.10% 19.09% 18.63% 21.34% 23.52% 18.70%
Net Income
3.11 2.03 1.66 1.67 1.26 0.86
Net Profit Margin %
15.70% 12.31% 11.77% 13.11% 12.97% 9.52%
Basic EPS
133.96 87.50 71.51 71.96 54.21 37.03
Diluted EPS
133.96 87.50 71.51 71.96 54.21 37.03
Normalized EPS
Total Dividends per Share
10.00 10.00 10.00 10.00 20.00
Balance Sheet (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Total Assets
25.15 23.24 22.14 21.33 18.68 16.79
Total Liabilities
2.86 2.79 3.59 4.22 3.05 2.75
Total Debt
0.14 0.20 1.57 2.02 1.53 1.62
Total Equity
22.29 20.45 18.56 17.11 15.64 14.04
Cash And Cash Equivalents
1.27 1.08 0.60 0.99 0.63 0.25
Working Capital
7.07 5.52 4.14 3.37 2.54 1.63
Shares Outstanding (Bil)
0.02 0.02
Book Value Per Share
880.15 798.81 736.42 673.01 604.21
Total Debt To Equity
0.01 0.01 0.08 0.12 0.10 0.12
Cash Flow Statement (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
2.75 1.72 2.18 1.72 1.99 0.99
Cash From Investing Activities
-1.61 0.47 -1.70 -1.41 -1.26 -0.44
Cash From Financing Activities
-0.76 -1.69 -0.89 0.06 -0.36 -0.64
Capital Expenditures
0.17 0.70 1.26 0.64 0.54
Free Cash Flow
2.07 1.18 0.66 1.03 0.66
Change in Cash
0.37 0.50 -0.41 0.37 0.38 -0.09

Profile

Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Monika Garware (—) Vice Chairperson and Joint Managing Director
S. B. Garware (89) Chairman of the Board and Managing Director
Sarita Garware Ramsay (56) Joint Managing Director and Director
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
LIC MF Large & Mid Cap Reg Gr 0.83 2.66 193,087
Mar 31, 2025
LIC MF Multi Cap Reg Gr Not Rated 0.53 3.50 122,790
-771
0.62%
Mar 31, 2025
LIC MF Infrastructure Gr 0.41 4.26 94,287
Mar 31, 2025
JM Flexicap Gr 0.40 0.71 92,306
92,306
––
Feb 28, 2025
LIC MF Manufacturing Dir Gr Not Rated 0.31 3.64 70,885
606
0.86%
Mar 31, 2025
Total (for Top 5) 2.47 573,355
92,141

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