Garware Hi-Tech Films Limited share price
NSE: GRWRHITECH · ISIN INE291A01017
Key numbers
- Market cap
- ₹ 15,426 Cr
- Current price
- ₹ 6,640.00
- 52-week high / low
- ₹ 7,990 / 2,691
- Stock P/E
- 38.0
- Book value
- ₹ 1,143.4
- Dividend yield
- 0.18%
- ROCE
- 17.7%
- ROE
- 13.5%
- Debt to equity
- 0.01
- Sales growth (3 yrs)
- 14.0%
- Profit growth (3 yrs)
- 26.7%
- 1-year return
- 109.7%
About Garware Hi-Tech Films Limited
Garware Hi-Tech Films Limited manufactures and sells polyester films in India, the United States, and internationally. The company offers paint protection and sun control films. It also offers defendo-dual reflective, spectrally selective, deco vista, safety, designer, privacy, reflective, IR rejection, writable, antigraffity, and whiteboard films, as well as HP films. In addition, the company provides lidding, liner release, metallized, lamination, packaging, shrink, thermal, heat sealable, graphic, and electrical films, as well as insulation and low oligomer films. Its products are used in automobiles, buildings, label, electric motor insulation and cable insulation, sealed compressors motors, sequin application films, TV and LCD screen, packaging, and other applications. The company was formerly known as Garware Polyester Limited and changed its name to Garware Hi-Tech Films Limited in April 2021. Garware Hi-Tech Films Limited was founded in 1933 and is based in Mumbai, India.
Quarterly results
Consolidated figures in ₹ crores
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 495 | 570 | 459 | 597 | 633 |
| Operating profit | 110 | 119 | 70 | 135 | 172 |
| Net profit | 83 | 91 | 56 | 108 | 133 |
| EPS (₹) | 35.73 | 39.27 | 24.01 | 46.58 | 57.10 |
Concall summary (2026-08-11)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- EBITDA increased 56% year-on-year to INR192 crores with EBITDA margin expanding by 544 basis points to a record of 30.30%, crossing the 30% milestone for the first time in company's history and significantly exceeding the upper end of our long-term guidance range.
- This facility will add approximately 1,200 lakh square feet of annual capacity and is expected to commence commercial production in H1 FY28, supporting both domestic and export growth opportunities.
Growth & demand
- Profit before tax increased 60% year-on-year to INR176 crores, while profit after tax also grew 60% year-on-year to INR133 crores.
- On the business front, demand remained healthy across our key specialty segments, particularly Sun Control Films and Paint Protection Films, supported by improving demand across our key export markets and continued momentum in India.
Margins & costs
- PAT margins expanded by approximately 420 basis points to 21%, reflecting the strength of our specialty-led business model, disciplined execution and improving operational capability.
- And I mean, margin, if I talk of EBITDA margin, 30% plus, we achieved in the past.
Capex & expansion
- While we continue to invest in expanding this ecosystem, these investments are expected to strengthen our competitive positioning and support sustainable margin expansion over the long term.
- Our balance sheet continues to remain one of our greatest strength despite investing over INR700 crores towards strategic expansions over the past few years, the company remains debt-free with a healthy cash and liquid investment balance of INR850 crores.
Balance sheet & cash
- This performance has been driven by structural improvements in the business, including a richer specialty product mix, stronger customer engagement, better realization and a continued operating leverage.
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