Garware Hi-Tech Films Limited

NSE: GRWRHITECH · Plastic Products - Industrial

52W Range₹2,681 ₹7,200

Snapshot

Unlock Garware Hi-Tech Films Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Garware Hi-Tech Films Limited is a manufacturer of polyester films, offering a diverse range of products including sun control, thermal lamination, and paint protection films. The company serves various industrial and consumer applications such as electrical insulation, packaging, and automotive protection.

Business Model

The company generates revenue through the manufacturing and sale of specialized polyester films for both domestic and international markets. It leverages its long-standing expertise in polymer processing to supply high-value films for sectors ranging from electronics to automotive.

Growth Outlook

Growth is driven by the increasing demand for high-performance specialty films in the automotive paint protection and heat rejection segments. Expanding global distribution networks for its hi-tech film portfolio remains a key strategic focus.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of crude oil derivatives, which are essential for polyester production, can significantly impact profit margins.
  • Foreign Exchange Risk. As an exporter, the company is exposed to currency fluctuations that may affect the competitiveness and profitability of its international sales.
  • Competitive Intensity. The polyester film industry is highly competitive, with global players exerting pressure on pricing and technological innovation.
  • Regulatory Compliance. Stringent environmental regulations regarding plastic manufacturing and waste management in India and abroad could increase operational costs.

Price

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Key Metrics

REVENUE

₹2,120 Cr

TTM · consolidated

+0.5%YoY

NET PROFIT

₹338 Cr

TTM · consolidated

+2.1%YoY

EPS

₹145.59

TTM · consolidated

+2.1%YoY

RETURN ON EQUITY

13.8%

TTM · consolidated

-1.8 ppYoY

P/E

47.6x

Q4 FY26 · consolidated

47.6 vs 81.5x5Y avg

EV/EBITDA

32.0x

Q4 FY26 · consolidated

32.0 vs 50.5x5Y avg

EBITDA MARGIN

23.6%

TTM · consolidated

+0.1 ppYoY

NET PROFIT MARGIN

18.1%

Q4 FY26 · consolidated

+3.9 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

+0.00xYoY

Peers · Plastic Products - Industrial

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Garware Hi-Tech Films LimitedGRWRHITECH
8,18447.6131.980.5%23.6%13.8%18.1%+87.0%
Shaily Engineering Plastics LimitedSHAILY
10,78172.9635.2757.3%28.9%35.8%45.2%+66.2%
Finolex Industries Ltd.FINPIPE
10,11630.6012.08-0.7%21.6%9.8%12.2%-21.9%
Time Technoplast LimitedTIMETECHNO
8,06516.4111.0311.9%14.8%14.9%19.8%-55.7%
Kingfa Science & Technology (India) LimitedKINGFA
5,50030.1119.7540.9%14.0%25.1%34.2%+48.6%
Prince Pipes and Fittings LimitedPRINCEPIPE
2,50340.5412.262.9%9.4%4.6%6.4%-24.4%

As of Q4 FY26

Financials