Garware Hi Tech Films Ltd
Next 500 2024
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OVERVIEW
FINANCIALS
About
Garware Hi-Tech Films Ltd., formerly Garware Polyester Ltd., is a prominent Indian manufacturer of high-performance polyester films. The company specializes in solar control films, specialty polyester films, and thermal lamination films, catering to industries such as automotive, packaging, electronics, and construction. With a strong focus on innovation and sustainability, Garware has established itself as a global player, exporting its products to multiple countries. Its advanced manufacturing facilities and commitment to quality ensure that its films meet international standards, making it a preferred choice for businesses seeking durable and efficient film solutions.
Incorporation Year: 1957
Headquarters: Mumbai, Maharashtra, India
Top Management: S. B. Garware (Chairman & MD)
Industry: Plastics
Website: garwarehitechfilms.com
Featured In Fortune India Ranking
Next 500 India
#410(2024)#270(2023)#259(2022)#275(2021)#333(2020)#346(2019)#354(2018)#358(2017)#279(2016)#375(2015)
#410(2024)#270(2023)#259(2022)#275(2021)#333(2020)#346(2019)#354(2018)#358(2017)#279(2016)#375(2015)
Financial Data 2024
Revenue
1,737
(INR Cr)
Net Operating Income
1,677
(INR Cr)
Assets
2,064
(INR Cr)
Profit
203
(INR Cr)
Net Worth
2,045
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1737 18.7% | 1464 3.8% | 1410 38.6% | 1017 7.0% | 950 -0.4% | 954 17.5% | 812 -5.7% | 861 -1.0% | 870 -5.4% | 920 3.6% | 888 14.7% | 774 -7.5% | 836 -11.2% | 942 200.9% | 313 -42.7% | 546 -39.6% | 904 - |
| Net Operating Income (INR Cr) | 1677 16.62% | 1438 10.39% | 1303 31.71% | 989 6.94% | 925 -2.43% | 948 13.75% | 833 -4.66% | 874 1.94% | 857 -4.33% | 896 6.29% | 843 8.44% | 778 -2.37% | 796 -11.64% | 901 185.95% | 315 -44.17% | 565 -37.55% | 904 67.64% |
| Profit (INR Cr) | 203 22.4% | 166 -0.6% | 167 32.7% | 126 46.4% | 86 5.4% | 82 146.5% | 33 47.6% | 22 36.0% | 17 -7.4% | 18 73.1% | 10 -63.7% | 28 -11.4% | 32 -83.3% | 191 608.6% | 27 136.2% | 11 18.3% | 10 - |
| Assets (INR Cr) | 2064 2.7% | 2010 5.2% | 1910 11.1% | 1720 9.6% | 1570 2.5% | 1532 4.2% | 1470 -6.5% | 1572 73.6% | 906 -3.8% | 942 -5.6% | 998 11.2% | 897 19.6% | 750 10.9% | 677 17.5% | 576 0.2% | 575 -11.8% | 652 - |
| Net Worth (INR Cr) | 2045 10.2% | 1856 8.5% | 1711 9.4% | 1564 11.4% | 1404 2.3% | 1372 6.2% | 1292 3.0% | 1254 158.8% | 484 3.6% | 468 3.4% | 452 2.6% | 441 6.9% | 413 10.4% | 374 118.3% | 171 15.2% | 149 6.7% | 139 6.6% |
| Employee Cost (INR Cr) | 143 17.1% | 122 -0.8% | 123 14.2% | 108 15.0% | 94 16.8% | 80 5.9% | 76 -0.9% | 76 -3.5% | 79 17.0% | 68 14.0% | 59 12.5% | 53 -9.1% | 58 9.3% | 53 164.2% | 20 -41.2% | 34 -31.4% | 50 - |
| Interest Cost (INR Cr) | 12 | 17 | 18 | 20 | 18 | 19 | 25 | 33 | 44 | 44 | 37 | 30 | 29 | 25 | 16 | 53 | 79 |
| Cash & Bank Balance (INR Cr) | 113 | 70 | 108 | 70 | 32 | 43 | 46 | 86 | 60 | 60 | 96 | 102 | 64 | 34 | 15 | 16 | 12 |
| Total Debt (INR Cr) | 0 | 141 | 182 | 138 | 147 | 149 | 171 | 312 | 315 | 368 | 385 | 296 | 229 | 179 | 304 | 326 | 413 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 11.7% | 11.4% | 11.9% | 12.4% | 9.1% | 8.6% | 4.1% | 2.6% | 1.9% | 1.9% | 1.2% | 3.7% | 3.8% | 20.3% | 8.6% | 2.1% | 1.1% |
| Profit As % Of Assets | 9.9% | 8.3% | 8.8% | 7.3% | 5.5% | 5.3% | 2.3% | 1.4% | 1.8% | 1.9% | 1.0% | 3.2% | 4.3% | 28.3% | 4.7% | 2.0% | 1.5% |
| Profit As % Of Networth | 9.9% | 9.0% | 9.8% | 8.1% | 6.1% | 6.0% | 2.6% | 1.8% | 3.4% | 3.8% | 2.3% | 6.4% | 7.8% | 51.2% | 15.8% | 7.7% | 6.9% |
| Interest Cost to EBITDA % | 4.2% | 7.5% | 7.7% | 9.0% | 11.4% | 13.4% | 30.1% | 45.5% | 53.7% | 74.0% | 54.3% | 43.4% | 32.7% | 9.2% | 28.3% | 49.8% | 55.3% |
| Debt to Equity Ratio | - | 0.08 | 0.11 | 0.09 | 0.10 | 0.11 | 0.13 | 0.25 | 0.65 | 0.79 | 0.85 | 0.67 | 0.55 | 0.48 | 1.78 | 2.19 | 2.96 |
| RONW | 10.4% | 9.3% | 10.2% | 8.5% | 6.2% | 6.1% | 2.6% | 2.6% | 3.5% | 3.9% | 1.5% | 5.4% | 8.1% | 70.2% | 33.8% | 7.9% | 6.7% |
| ROCE | 13.8% | 12.1% | 13.7% | 12.8% | 9.9% | 9.3% | 4.9% | 5.6% | 8.5% | 8.2% | 5.3% | 4.9% | 9.3% | 41.2% | 16.4% | 13.5% | 10.8% |