Garware Hi Tech Films Ltd

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

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)
Ranking Trend Fortune Next 500 India

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
PARAMETERS20242023202220212020201920182017201620152014201320122011201020092008
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)
1217182018192533444437302925165379
Cash & Bank Balance
(INR Cr)
1137010870324346866060961026434151612
Total Debt
(INR Cr)
0141182138147149171312315368385296229179304326413

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS20242023202220212020201920182017201620152014201320122011201020092008
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 -0.080.110.090.100.110.130.250.650.790.850.670.550.481.782.192.96
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%