Garware Technical Fibres Ltd
About
Garware Technical Fibres Ltd. is a leading manufacturer of technical textiles, specializing in high-performance synthetic cordage, nets, and polymer-based solutions. The company serves a diverse range of industries, including fisheries, aquaculture, shipping, sports, agriculture, and industrial applications. Known for its innovation and commitment to quality, Garware Technical Fibres has developed a strong global presence, exporting its products to numerous countries. The company continuously invests in research and development to create durable, efficient, and sustainable solutions that meet evolving market demands. Its advanced manufacturing capabilities and customer-centric approach have positioned it as a trusted name in the technical textiles sector.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1406 6.6% | 1319 6.0% | 1245 17.7% | 1058 5.4% | 1004 -3.6% | 1041 13.8% | 914 5.9% | 864 4.9% | 823 3.8% | 793 16.2% | 683 13.4% | 602 2.4% | 588 13.7% | 517 13.2% | 457 5.6% | 433 - |
| Net Operating Income (INR Cr) | 1326 1.54% | 1306 9.77% | 1189 14.97% | 1035 8.55% | 953 -6.36% | 1018 15.06% | 885 4.58% | 846 2.55% | 825 5.44% | 782 14.27% | 685 14.21% | 599 3.65% | 578 0.00% | 499 11.19% | 449 2.58% | 437 9.71% |
| Profit (INR Cr) | 208 20.9% | 172 4.5% | 165 4.0% | 158 12.7% | 141 11.8% | 126 19.5% | 105 24.7% | 84 36.3% | 62 43.6% | 43 61.1% | 27 8.3% | 25 3.0% | 24 -1.7% | 24 26.1% | 19 19.6% | 16 - |
| Assets (INR Cr) | 1373 17.9% | 1165 9.5% | 1064 15.0% | 925 5.0% | 881 15.3% | 764 12.5% | 680 26.0% | 539 28.6% | 419 18.4% | 354 0.7% | 352 -8.0% | 382 -3.3% | 395 11.3% | 355 16.9% | 304 -2.2% | 311 - |
| Net Worth (INR Cr) | 1234 21.4% | 1016 4.7% | 971 19.7% | 811 9.7% | 739 13.7% | 650 21.2% | 537 20.3% | 446 22.1% | 365 17.6% | 311 12.8% | 275 3.1% | 267 6.7% | 250 0.0% | 235 8.1% | 217 6.1% | 205 11.6% |
| Employee Cost (INR Cr) | 194 16.0% | 167 11.4% | 150 -1.9% | 153 12.0% | 136 4.9% | 130 11.2% | 117 10.2% | 106 14.3% | 93 10.2% | 84 32.0% | 64 -19.4% | 79 -0.3% | 79 21.4% | 65 18.3% | 55 6.5% | 52 - |
| Interest Cost (INR Cr) | 17 | 12 | 11 | 10 | 12 | 14 | 10 | 7 | 9 | 10 | 13 | 14 | 17 | 9 | 11 | 13 |
| Cash & Bank Balance (INR Cr) | 174 | 46 | 40 | 57 | 34 | 12 | 23 | 115 | 81 | 11 | 9 | 20 | 24 | 2 | 6 | 3 |
| Total Debt (INR Cr) | 123 | 134 | 80 | 102 | 133 | 108 | 138 | 86 | 45 | 40 | 71 | 110 | 140 | 116 | 87 | 106 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 14.8% | 13.1% | 13.2% | 15.0% | 14.0% | 12.1% | 11.5% | 9.8% | 7.5% | 5.4% | 3.9% | 4.1% | 4.1% | 4.7% | 4.2% | 3.7% |
| Profit As % Of Assets | 15.2% | 14.8% | 15.5% | 17.1% | 16.0% | 16.5% | 15.5% | 15.6% | 14.8% | 12.2% | 7.6% | 6.5% | 6.1% | 6.9% | 6.4% | 5.2% |
| Profit As % Of Networth | 16.9% | 16.9% | 17.0% | 19.5% | 19.0% | 19.3% | 19.6% | 18.9% | 16.9% | 13.9% | 9.7% | 9.3% | 9.6% | 10.4% | 8.9% | 7.9% |
| Interest Cost to EBITDA % | 6.3% | 5.2% | 4.7% | 5.1% | 6.5% | 7.2% | 6.2% | 4.8% | 8.5% | 13.0% | 20.6% | 24.8% | 27.1% | 17.0% | 22.9% | 31.5% |
| Debt to Equity Ratio | 0.10 | 0.13 | 0.08 | 0.13 | 0.18 | 0.17 | 0.26 | 0.19 | 0.12 | 0.13 | 0.26 | 0.41 | 0.56 | 0.50 | 0.40 | 0.52 |
| RONW | 18.5% | 17.3% | 18.5% | 20.4% | 20.2% | 21.2% | 21.4% | 20.8% | 18.3% | 14.7% | 9.9% | 9.6% | 9.6% | 10.8% | 9.2% | 8.4% |
| ROCE | 22.8% | 21.1% | 22.8% | 24.2% | 23.2% | 27.1% | 26.8% | 27.1% | 24.8% | 20.1% | 14.2% | 12.3% | 12.3% | 12.2% | 12.0% | 10.5% |