Garware Hi-Tech Films Ltd
Garware Hi-Tech Films Ltd (GRWRHITECH) last reported results for the quarter ended Jun 2026, with sales of ₹633 crore and net profit of ₹133 crore. The stock last traded at ₹6,998, a market capitalisation of ₹16,246 crore, on a P/E of 41.9. Over the past 52 weeks the stock has ranged between ₹2,691 and ₹7,990. Figures are as of 9 Oct 2026 and are not real time.
Garware Hi-Tech Films Ltd share price and key metrics
- Current price
- ₹6,998
- Market cap
- ₹16,246 cr
- Stock P/E
- 41.9
- Book value
- ₹1,143
- ROE
- 13.5%
- ROCE
- 18.1%
- Dividend yield
- 0.17%
- 52w high / low
- 7990/2691
Metrics as of 9 Oct 2026. Not real time.
Track Garware Hi-Tech Films Ltd
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Garware Hi-Tech Films Ltd growth and returns
- 10 Years
- 9%
- 5 Years
- 16%
- 3 Years
- 14%
- TTM
- 6%
- 10 Years
- 36%
- 5 Years
- 22%
- 3 Years
- 27%
- TTM
- 19%
- 10 Years
- 47%
- 5 Years
- 50%
- 3 Years
- 66%
- 1 Year
- 137%
- 10 Years
- 9%
- 5 Years
- 12%
- 3 Years
- 13%
- Last Year
- 13%
Garware Hi-Tech Films Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹633 cr, up 27.9% from ₹495 cr a year earlier. Net profit was ₹133 cr, up 60.2% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 621 | 466 | 548 | 495 | 570 | 459 | 597 | 633 |
| Expenses | 484 | 385 | 443 | 385 | 450 | 388 | 461 | 461 |
| Operating profit | 137 | 81 | 104 | 110 | 119 | 70 | 135 | 172 |
| OPM % | 22% | 17% | 19% | 22% | 21% | 15% | 23% | 27% |
| Other income | 14 | 12 | 17 | 13 | 14 | 16 | 21 | 20 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 10 | 10 | 10 | 11 | 11 | 12 | 12 | 13 |
| Profit before tax | 138 | 81 | 109 | 110 | 120 | 73 | 142 | 176 |
| Tax % | 25% | 25% | 29% | 25% | 24% | 24% | 24% | 25% |
| Net profit | 104 | 61 | 78 | 83 | 91 | 56 | 108 | 133 |
| EPS (₹) | 44.88 | 26.17 | 33.49 | 35.73 | 39.27 | 24.01 | 46.58 | 57.10 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Garware Hi-Tech Films Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 874 | 833 | 948 | 925 | 989 | 1,303 | 1,438 | 1,677 | 2,109 | 2,120 | 2,258 |
| Operating profit | 73 | 83 | 144 | 162 | 219 | 238 | 227 | 282 | 441 | 435 | 497 |
| OPM % | 8% | 10% | 15% | 17% | 22% | 18% | 16% | 17% | 21% | 21% | 22% |
| Net profit | 22 | 33 | 82 | 86 | 126 | 167 | 166 | 203 | 331 | 338 | 388 |
| EPS (₹) | 9.66 | 14.26 | 35.14 | 37.03 | 54.21 | 71.96 | 71.51 | 87.50 | 142.57 | 145.59 | 166.96 |
TTM is the trailing twelve months to the most recent quarter.
Garware Hi-Tech Films Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 1,231 | 1,269 | 1,349 | 1,380 | 1,540 | 1,688 | 1,833 | 2,022 | 2,349 | 2,633 |
| Borrowings | 312 | 171 | 149 | 147 | 138 | 182 | 141 | 0 | 0 | 0 |
| Other liabilities | 87 | 107 | 125 | 128 | 167 | 240 | 218 | 279 | 310 | 354 |
| Total liabilities | 1,653 | 1,570 | 1,646 | 1,679 | 1,868 | 2,133 | 2,214 | 2,324 | 2,682 | 3,010 |
| Fixed assets | 1,231 | 1,226 | 1,238 | 1,279 | 1,329 | 1,341 | 1,467 | 1,450 | 1,442 | 1,577 |
| CWIP | 8 | 10 | 11 | 20 | 11 | 96 | 10 | 2 | 39 | 27 |
| Investments | 29 | 36 | 120 | 116 | 226 | 274 | 393 | 363 | 643 | 698 |
| Other assets | 386 | 298 | 277 | 264 | 302 | 423 | 344 | 508 | 557 | 709 |
| Total assets | 1,653 | 1,570 | 1,646 | 1,679 | 1,868 | 2,133 | 2,214 | 2,324 | 2,682 | 3,010 |
As reported by the company. Total assets equal total liabilities by construction.
Garware Hi-Tech Films Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 77 | 134 | 141 | 99 | 199 | 172 | 218 | 172 | 330 | 275 |
| Cash from investing | -12 | -5 | -101 | -44 | -126 | -141 | -168 | 46 | -275 | -200 |
| Cash from financing | -40 | -172 | -49 | -64 | -36 | 6 | -89 | -169 | -52 | -60 |
| Net cash flow | 25 | -43 | -8 | -9 | 38 | 37 | -39 | 48 | 2 | 16 |
| Free cash flow | 61 | 124 | 115 | 45 | 139 | 64 | 152 | 156 | 276 | 114 |
| CFO / operating profit | 117% | 174% | 116% | 79% | 109% | 90% | 117% | 84% | 100% | 83% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Garware Hi-Tech Films Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 5% | 5% | 9% | 10% | 13% | 13% | 12% | 14% | 21% | 18% |
| Debtor days | 26 | 17 | 22 | 21 | 16 | 9 | 8 | 8 | 7 | 9 |
| Inventory days | 90 | 82 | 70 | 100 | 128 | 145 | 109 | 132 | 116 | 149 |
| Days payable | 39 | 54 | 68 | 62 | 89 | 76 | 57 | 73 | 55 | 69 |
| Cash conversion cycle | 77 | 44 | 24 | 58 | 54 | 79 | 60 | 67 | 68 | 89 |
| Working capital days | -65 | 17 | 5 | 17 | 9 | 8 | 7 | 36 | 28 | 40 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Garware Hi-Tech Films Ltd shareholding pattern
Promoters held 60.73% at Jun 2026, broadly unchanged since Jun 2025. FIIs 4.22% and DIIs 6.35%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 60.73% | 60.73% | 60.73% | 60.73% | 60.73% | 60.73% | 60.73% | 60.73% |
| FIIs | 1.56% | 2.69% | 3.50% | 3.86% | 3.58% | 3.96% | 3.98% | 4.22% |
| DIIs | 4.48% | 4.33% | 4.75% | 4.89% | 4.96% | 5.35% | 5.28% | 6.35% |
| Public | 33.25% | 32.27% | 31.03% | 30.53% | 30.74% | 29.98% | 30.04% | 28.72% |
| No. of shareholders | 50,963 | 55,518 | 57,364 | 54,335 | 57,619 | 55,544 | 54,492 | 56,759 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Garware Hi-Tech Films Ltd corporate filings
- Reporting under SEBI (PIT) Regulations, 2015 by Garware Hi-Tech Films LtdCompany Updatelow impact
Cruxal's analysis: Garware Hi-Tech Films Ltd has filed a disclosure under Regulation 30 of SEBI (PIT)…
Read the full analysis - Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Garware Hi-Tech Films Limited reports strong quarterly growth with FY2024 net profit at INR 88 crore, EPS at INR 38.03, and a significant revenue increase to INR 474 crore in June 2024, indicating robust operational momentum.Company Updatehigh impact
Cruxal's analysis: Garware Hi-Tech Films Limited has delivered a notable quarter with sales rising to INR…
Read the full analysis - Garware Hi-Tech Films schedules analyst/investor meet on October 3, 2026Company Updatelow impact
Cruxal's analysis: The company has announced an upcoming analyst and institutional investor meet scheduled…
Read the full analysis - Garware Hi-Tech Films Ltd publishes newspaper notice for special window on transfer and dematerialization of physical sharesCompany Updatelow impact
Cruxal's analysis: The company announced a newspaper publication regarding a special window for transfer and…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
- Garware Hi-Tech Films Limited concludes 69th AGM; all resolutions passed with requisite majorityAGM/EGMlow impact
Cruxal's analysis: Garware Hi-Tech Films Limited has successfully concluded its 69th Annual General Meeting…
Read the full analysis - Garware Hi-Tech Films Ltd schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: Garware Hi-Tech Films Ltd has issued an intimation regarding a scheduled meeting with…
Read the full analysis - Garware Hi-Tech Films reports record FY2026 performance with 2,120 crore revenue and strong Q1 FY2027 momentumAGM/EGMhigh impact
Cruxal's analysis: Garware Hi-Tech Films Limited (GHFL) announced strong financial results for FY2026…
Read the full analysis - Garware Hi-Tech Films signs MoU with Lubrizol for advanced TPU-based film solutionsCompany Updatemedium impact
Cruxal's analysis: Garware Hi-Tech Films has entered into a Memorandum of Understanding (MoU) with Lubrizol…
Read the full analysis - Garware Hi-Tech Films Limited Announces 69th Annual General Meeting (AGM) and E-Voting DetailsCompany Updatelow impact
Cruxal's analysis: Garware Hi-Tech Films Limited has issued a formal intimation regarding its 69th Annual…
Read the full analysis - Garware Hi-Tech Films Ltd announces Record Date for corporate actionCorp. Actionlow impact
Cruxal's analysis: Garware Hi-Tech Films Ltd has issued a notification regarding a Record Date. As the…
Read the full analysis - Garware Hi-Tech Films Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Garware Hi-Tech Films Ltd has submitted its Business Responsibility and Sustainability…
Read the full analysis - Garware Hi-Tech Films Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Garware Hi-Tech Films Ltd has filed its Annual Report for the financial year 2025-26. The…
Read the full analysis - Garware Hi-Tech Films Limited Announces 69th Annual General Meeting for September 23, 2026AGM/EGMlow impact
Cruxal's analysis: Garware Hi-Tech Films Limited has issued a notice for its 69th Annual General Meeting…
Read the full analysis - Garware Hi-Tech Films Limited publishes newspaper notice regarding TDS on dividends for FY 2025-2026Company Updatelow impact
Cruxal's analysis: Garware Hi-Tech Films Limited has issued a routine regulatory disclosure regarding the…
Read the full analysis - Garware Hi-Tech Films Limited issues dividend tax deduction intimation for FY 2025-26Company Updatelow impact
Cruxal's analysis: Garware Hi-Tech Films Limited has issued a formal communication to shareholders regarding…
Read the full analysis - Garware Hi-Tech Films Ltd issues mandatory KYC update notice for physical shareholdersCompany Updatelow impact
Cruxal's analysis: Garware Hi-Tech Films Ltd has issued a routine intimation to shareholders holding shares…
Read the full analysis - Garware Hi-Tech Films Ltd schedules institutional investor meetingCompany Updatelow impact
Cruxal's analysis: Garware Hi-Tech Films Ltd has issued an intimation regarding an upcoming meeting with…
Read the full analysis - Garware Hi-Tech Films Reports Record Q1 FY27 Financials with 28% Revenue Growth and 30.3% EBITDA MarginCompany Updatehigh impact
Cruxal's analysis: Garware Hi-Tech Films Limited delivered its strongest quarterly performance in history…
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