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  7. Garware Hi Tech Films Ltd
Financial RatiosPE RatioShareholdingDividendQuarterly ResultsBalance SheetProfit & LossCash Flow

Garware Hi Tech Films Ltd Stock Price Today (NSE: GRWRHITECH)

Garware Hi Tech Films Ltd

GRWRHITECHPlastic Products - Industrial
₹3929.50₹48.00 (1.21%)↓
As on 21 Apr 2026, 08:09 am ISTMarket Closed

Fundamental Score

...

Garware Hi Tech Films Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Garware Hi Tech Films Ltd share price today is ₹3929.50, down 1.21% on NSE/BSE as of 21 April 2026. Garware Hi Tech Films Ltd (GRWRHITECH) is a Mid-cap company in the Plastic Products - Industrial sector with a market capitalisation of ₹8.99K (Cr). The 52-week high for GRWRHITECH share price is ₹4782.90 and the 52-week low is ₹2681.00. At a P/E ratio of 28.73x, GRWRHITECH is currently trading above its industry average P/E of 23.37x. The company has a Return on Equity (ROE) of 15.00% and a debt-to-equity ratio of 0.01.

Garware Hi Tech Films Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
₹0.00
Low
₹0.00
Volume
0
Change
-1.21%

Institutional Deep-Dive

Bull Run Research Hub

Live Price:₹3929.50— Analysis below may reference an earlier price snapshot.

Garware Hi Tech Films Share Price: A Financial Snapshot

The industrial plastic products sector, often overlooked, is experiencing a silent revolution driven by innovation in polymer science and material engineering. In this context, a financial analysis of Garware Hi Tech Films share price reveals a stock trading at ₹4258.39990234375 with a Price-to-Earnings (PE) ratio of 28.73. This preliminary assessment aims to provide a brief snapshot, derived from a more comprehensive fundamental audit.

Garware Hi Tech Films Ltd operates within a competitive landscape. When benchmarking against sector peers, such as B D Industries, evaluating management quality becomes crucial. The quality of management and their strategic decision-making directly impacts the efficient allocation of capital and the ability to navigate market volatility. For example, a deeper dive might explore how Garware's leadership compares to B D Industries' management team in terms of experience, track record, and capital allocation strategies. These are parameters examined in our wider audit.

A Return on Capital Employed (ROCE) of 20.57% is a noteworthy indicator of efficiency. This metric highlights how effectively Garware Hi Tech Films utilizes its capital to generate profits. A high ROCE, such as the observed 20.57%, can contribute to the strengthening of the company’s economic moat, signifying a competitive advantage. Sustained high ROCE suggests that the company is able to generate superior returns compared to its peers, possibly due to factors such as brand reputation, technological advancements, or cost advantages. It means the company is growing efficiently.

This analysis is an extract from a more detailed 80-parameter fundamental audit of Garware Hi Tech Films, verified by Sweta Mishra. This expanded audit explores various financial ratios, management effectiveness, and competitive positioning. This initial glimpse intends to offer preliminary perspective. This is an objective financial observation of the stock; no buy/sell recommendations are implied.

SM
Analysis by Sweta Mishra
SEBI Registered Research Analyst

Garware Hi Tech Films Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
2 Apr 26₹3550.00₹3720.00₹3490.00₹3703.4032.73K (Cr)
1 Apr 26₹3509.00₹3669.90₹3509.00₹3623.5065.29K (Cr)
30 Mar 26₹3333.00₹3422.30₹3241.00₹3382.401.04L (Cr)
27 Mar 26₹3664.00₹3668.90₹3360.00₹3385.6089.97K (Cr)
25 Mar 26₹3595.00₹3695.00₹3525.40₹3663.4048.27K (Cr)
24 Mar 26₹3513.90₹3550.80₹3328.60₹3524.6079.95K (Cr)
23 Mar 26₹3636.00₹3636.00₹3393.00₹3412.0070.93K (Cr)
20 Mar 26₹3731.00₹3794.00₹3636.00₹3650.8037.00K (Cr)
19 Mar 26₹3800.00₹3848.40₹3670.00₹3685.9030.27K (Cr)
18 Mar 26₹3780.00₹3922.20₹3735.10₹3879.1050.69K (Cr)

Garware Hi Tech Films Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
Apr 2026₹3509.00₹3720.00₹3490.00₹3703.40+5.54%
Mar 2026₹4030.60₹4215.10₹3241.00₹3382.40-16.08%
Feb 2026₹2959.80₹4488.90₹2868.80₹4214.20+42.38%
Jan 2026₹3115.00₹3220.00₹2690.70₹3012.60-3.29%
Dec 2025₹3965.00₹4055.00₹3086.10₹3109.90-21.57%
Nov 2025₹3408.60₹4275.00₹3266.50₹3929.50+15.28%
Oct 2025₹2969.00₹3810.00₹2905.00₹3411.80+14.91%
Sept 2025₹2718.00₹3577.00₹2709.00₹2940.00+8.17%
Aug 2025₹3498.90₹3498.90₹2681.00₹2697.30-22.91%
Jul 2025₹4152.00₹4244.70₹3408.00₹3458.60-16.70%
Jun 2025₹4750.10₹4776.90₹3971.00₹4197.60-11.63%
May 2025₹3217.00₹4782.90₹2855.00₹4696.50+45.99%

AI Research Briefing

Powered by Gemini · 2026-04-15

Expensive specialty films exporter; execution risk high.

Research Confidence
6.0/10Moderate
COMPOUNDERConsolidation; 1M: 13.31%, 3M: 35.28%, 6M: -16.98% [cite: brief].Expensive; P/E of 28.73x vs Industry P/E of 23.37x [cite: brief].

⚡WHAT'S HAPPENING NOW (last 2-4 weeks):

Garware Hi-Tech Films announced the appointment of Mr. Nikhil Sharma as Chief People Officer. PlastiWorld 2026 concluded in Mumbai, generating approximately ₹60 crore in concluded business and leading to the signing of over 800 MoUs between Indian manufacturers and international buyers.

�� CORE STORY (THE REAL GAME):

Garware is being priced as a specialty films exporter, specifically in segments like sun control and paint protection films, leveraging cost advantages and strategic partnerships to penetrate global markets. The market is focused on its ability to maintain high export growth and profitability amidst global trade headwinds.

�� WHAT IS DRIVING THE STOCK:

Export Growth: 77% of total revenues are from exports.

Specialty Products: Focus on Sun Control Films (SCF) and Paint Protection Films (PPF) driving higher margins.

Capacity Expansion: Strategic capex including a TPU extrusion line to boost future revenue visibility.

⚖️ BULL vs BEAR:

Bull:Continued export momentum, successful capacity expansion, and increasing ROCE will drive earnings and stock price higher.

Bear:Global trade headwinds impacting revenue, increasing competition in the specialty films market, and valuation already pricing in significant future growth pose risks. Past regulatory scrutiny related to insider trading adds to governance concerns.

�� WHAT MARKET IS PRICING:

The market is pricing in continued high growth in exports and specialty films. A slowdown in global demand or failure to execute capacity expansion could lead to a significant correction.

�� BOTTOM LINE:

Garware Hi-Tech Films is a play on specialty films exports, but valuation is stretched. Any hiccup in execution or global demand will lead to a painful de-rating.

Why Now
  • Strong export focus
  • Capacity expansion underway
  • Growing specialty films market
Potential Catalysts
  • Successful TPU extrusion line launch
  • New strategic partnerships
  • Stronger-than-expected Q4 FY26 results
Key Risks
  • Small-cap: liquidity risk
  • Expensive valuation
  • Past insider trading violation
Institutional Activity

FII decreased holdings by 0.28% [cite: brief].

Macro Context

Indian plastic industry projected to grow at a CAGR of 6.24% to reach USD 63.69 billion by 2031.

Cash Flow Quality

Yes; Free Cash Flow 5Y: ₹785.63 Cr [cite: brief].

3–6 Month Outlook

Focus on export growth and capacity expansion over the next 3-6 months. Monitor global demand and execution of expansion plans.

Primary Thesis Risk

Global demand slowdown will crush earnings.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Average

ROE

15.00%
Excellent

ROCE

20.57%
Excellent

OPM (5Y)

18.72%

Div Yield

0.31%

Garware Hi Tech Films Ltd Valuation Check

Poor

P/E Ratio

28.73x
Poor

Industry P/E

23.37x
Market-cap Classification
Mid-cap
Balance of growth potential and stability.

Market Cap

8.99K (Cr)

Shareholding Pattern

Excellent

Promoter

60.72%
Poor

FII

3.58%
Poor

DII

4.96%
Excellent

Pledged

0.00%

Growth Engine

Poor

Profit Growth (Q)

-12.50%
Poor

Sales Growth (Q)

-8.20%
Excellent

Sales Growth (5Y)

17.93%
Excellent

EPS Growth (5Y)

31.28%
Excellent

Profit Growth (5Y)

31.28%

Balance Sheet Health

Excellent

Debt to Equity

0.01x
Excellent

Int. Coverage

49.12x

Free Cash Flow (5Y)

785.63 (Cr)

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Garware Hi Tech Films Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of GRWRHITECH across key market metrics for learning purposes.

Positive Indicators

11 factors identified

Strong Return on Equity (15.00%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (20.57%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Strong Operating Margins (18.72%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Consistent Growth Track Record (17.93% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Excellent EPS Growth (31.28% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (31.28% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Conservative Debt Levels (D/E: 0.01)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (49.12x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Strong Cash Generation (₹785.63 Cr over 5Y)

Observation: Healthy free cash flow generation supports growth and returns.

Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.

Balanced Promoter Holding (60.72%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

3 factors identified

Profit Decline Concern (-12.50%)

Observation: Significant year-over-year profit contraction observed.

Analysis: Declining profitability requires investigation into underlying causes.

Revenue Contraction (-8.20%)

Observation: Sales decline may indicate market challenges or competitive pressures.

Analysis: Negative revenue growth requires analysis of market conditions.

Limited Institutional Interest (FII+DII: 8.54%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

Peer Comparison - Plastic Products - Industrial

Compare Garware Hi Tech Films Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Overall score
Valuation
Price metrics
Profitability
Return metrics
Financial Health
Debt management
Growth
5Y performance
Dividend
Yield %
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
Garware Hi Tech Films LtdGarware Hi Tech...Selected✓
GRWRHITECH • 500655
58.1/100
₹3929.50₹3930
₹8989.88₹8989.88
28.73Average
28.7
Average
15.00%Good
15.00%
Good
20.57%Excellent
20.57%
Excellent
0.01Excellent
0.0
Excellent
31.28%Excellent
31.28%
Excellent
17.93%Excellent
17.93%
Excellent
0.31%
Supreme Industries LtdSupreme Industr...
SUPREMEIND • 509930
53.6/100
₹3701.90₹3702
₹42365.85₹42365.85
49.96Average
50.0
Average
17.14%Good
17.14%
Good
0.00%Poor
0.00%
Poor
0.06Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Astral LimitedAstral Limited...
ASTRAL • 532830
61.1/100
₹1591.40₹1591
₹38732.66₹38732.66
76.05Average
76.0
Average
14.89%Average
14.89%
Average
0.00%Poor
0.00%
Poor
0.07Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Shaily Engineering Plastics LtdShaily Engineer...
SHAILY • 501423
43.6/100
₹1845.70₹1846
₹12031.71₹12031.71
82.32Average
82.3
Average
18.49%Good
18.49%
Good
0.00%Poor
0.00%
Poor
0.30Excellent
0.3
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Finolex Industries LtdFinolex Industr...
FINPIPE • 500940
46.3/100
₹173.98₹174
₹10944.52₹10944.52
25.02Average
25.0
Average
6.76%Poor
6.76%
Poor
0.00%Poor
0.00%
Poor
0.00Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Time Technoplast LtdTime Technoplas...
TIMETECHNO • 532856
52.7/100
₹196.30₹196
₹9836.32₹9836.32
23.37Average
23.4
Average
14.22%Average
14.22%
Average
0.00%Poor
0.00%
Poor
0.22Excellent
0.2
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Kingfa Science & Technology Co, LtdKingfa Science ...
KINGFA • 524019
60.3/100
₹4761.00₹4761
₹5906.41₹5906.41
37.51Average
37.5
Average
23.21%Excellent
23.21%
Excellent
0.00%Poor
0.00%
Poor
0.01Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Prince Pipes & Fittings LtdPrince Pipes & ...
PRINCEPIPE • 542907
17.1/100
₹257.02₹257
₹3009.44₹3009.44
129.66Average
129.7
Average
2.73%Poor
2.73%
Poor
0.00%Poor
0.00%
Poor
0.15Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Jai Corp LtdJai Corp Ltd...
JAICORPLTD • 512237
53.4/100
₹113.55₹114
₹2510.08₹2510.08
15.02Average
15.0
Average
4.10%Poor
4.10%
Poor
0.00%Poor
0.00%
Poor
0.00Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
R M DRIP & SPRINK SYS LTDR M DRIP & SPRI...
RMDRIP • 544456
60.6/100
₹22.08₹22
₹1978.13₹1978.13
62.94Average
62.9
Average
39.70%Excellent
39.70%
Excellent
0.00%Poor
0.00%
Poor
0.41Excellent
0.4
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Apollo Pipes LtdApollo Pipes Lt...
APOLLOPIPE • 531761
14.1/100
₹471.70₹472
₹1359.83₹1359.83
52.81Average
52.8
Average
4.61%Poor
4.61%
Poor
0.00%Poor
0.00%
Poor
0.09Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%

Garware Hi Tech Films Ltd Financial Statements

Comprehensive financial data for Garware Hi Tech Films Ltd including income statement, balance sheet and cash flow

About GRWRHITECH (Garware Hi Tech Films Ltd)

Garware Hi Tech Films Ltd is a global powerhouse in the realm of specialty films, meticulously engineered for a diverse spectrum of industrial applications. The company stands as a... prominent innovator, crafting high-performance polyester films that redefine industry standards. Their advanced manufacturing processes enable the creation of films with exceptional clarity, durability, and dimensional stability, making them ideal for demanding environments and critical functionalities. These films are not merely components; they are integral solutions, enhancing the performance and longevity of products across numerous sectors, a testament to Garware's commitment to pushing the boundaries of materials science. Garware's expertise extends beyond basic film production, encompassing a wide array of value-added functionalities tailored to specific client needs. They excel in the production of films with specialized coatings and treatments, imparting unique properties such as UV resistance, scratch resistance, and enhanced adhesion. This dedication to customization allows Garware to provide bespoke solutions for industries ranging from automotive and construction to packaging and electronics. Their precision-engineered films offer improved aesthetics, protection, and functionality, contributing to the overall enhancement of the finished product and providing a competitive edge for their clientele. Focusing on forward-thinking innovation, Garware Hi Tech Films actively invests in research and development, constantly striving to pioneer new film technologies and applications. This commitment to innovation allows them to anticipate and address the evolving needs of the industrial sector. Their product portfolio reflects this dedication, encompassing films designed for specialized applications such as solar control, surface protection, and advanced packaging. By consistently pushing the boundaries of what's possible with polymer film technology, Garware positions itself as a leader in providing innovative and sustainable solutions for a wide range of industrial challenges.

Company Details

Symbol:GRWRHITECH
Industry:Plastic Products - Industrial
Sector:Plastic Products - Industrial
Website:https://www.garwarehitechfilms.com

Key Leadership

Dr. Shashikant Bhalchandra Garware
Chairman & MD
Ms. Monika Rajiv Garware Modi
Vice Chairperson & Joint MD
Ms. Sarita Garware Ramsay MBA
Joint MD & Director

Corporate Events

Recent
Ex-Dividend Date
2025-09-17

GRWRHITECH Share Price: Frequently Asked Questions

What is the current share price of Garware Hi Tech Films Ltd?

As of 21 Apr 2026, 08:09 am IST, Garware Hi Tech Films Ltd share price is ₹3929.50. The Garware Hi Tech Films Ltd stock has a market capitalisation of ₹8.99K (Cr) on NSE/BSE.

Is Garware Hi Tech Films Ltd share price Overvalued or Undervalued?

Garware Hi Tech Films Ltd share price is currently trading at a P/E ratio of 28.73x, compared to the industry average of 23.37x. Based on this relative valuation, the Garware Hi Tech Films Ltd stock appears to be Overvalued against its sector peers.

What is the 52-week high and low of Garware Hi Tech Films Ltd share price?

The 52-week high of Garware Hi Tech Films Ltd share price is ₹4782.90 and the 52-week low is ₹2681.00. These values are updated daily from NSE/BSE price data.

What factors affect the Garware Hi Tech Films Ltd share price?

Key factors influencing Garware Hi Tech Films Ltd share price include quarterly earnings growth (Sales Growth: -8.20%), raw material costs, government spending, and institutional flows (FII/DII holding).

Is Garware Hi Tech Films Ltd a good stock for long-term investment?

Garware Hi Tech Films Ltd shows a 5-year Profit Growth of 31.28% and an ROE of 15.00%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.01 before investing in Garware Hi Tech Films Ltd shares.

How does Garware Hi Tech Films Ltd compare with its industry peers?

Garware Hi Tech Films Ltd competes with major peers in the Plastic Products - Industrial. Investors should compare Garware Hi Tech Films Ltd share price P/E of 28.73x and ROE of 15.00% against the industry averages to determine competitive standing.

What is the P/E ratio of Garware Hi Tech Films Ltd and what does it mean?

Garware Hi Tech Films Ltd share price has a P/E ratio of 28.73x compared to the industry average of 23.37x. Investors pay ₹29 for every ₹1 of annual earnings.

How is Garware Hi Tech Films Ltd performing according to Bull Run's analysis?

Garware Hi Tech Films Ltd has a Bull Run fundamental score of 58.1/100, indicating moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters.

What sector and industry does Garware Hi Tech Films Ltd belong to?

Garware Hi Tech Films Ltd operates in the Plastic Products - Industrial industry. This classification helps understand the competitive landscape and sector-specific trends affecting Garware Hi Tech Films Ltd share price.

What is Return on Equity (ROE) and why is it important for GRWRHITECH?

GRWRHITECH has an ROE of 15.00%, which indicates excellent management efficiency. ROE measures how efficiently Garware Hi Tech Films Ltd generates profits from shareholders capital.

How is GRWRHITECH debt-to-equity ratio and what does it indicate?

GRWRHITECH has a debt-to-equity ratio of 0.01, which indicates conservative financing with low financial risk.

What is GRWRHITECH dividend yield and is it a good dividend stock?

GRWRHITECH offers a dividend yield of 0.31%, meaning you receive ₹0.31 annual dividend for every ₹100 invested in Garware Hi Tech Films Ltd shares.

How has GRWRHITECH share price grown over the past 5 years?

GRWRHITECH has achieved 5-year growth rates of: Sales Growth 17.93%, Profit Growth 31.28%, and EPS Growth 31.28%.

What is the promoter holding in GRWRHITECH and why does it matter?

Promoters hold 60.72% of GRWRHITECH shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Garware Hi Tech Films Ltd.

What is GRWRHITECH market capitalisation category?

GRWRHITECH has a market capitalisation of ₹8990 crores, placing it in the Mid-cap category.

How volatile is GRWRHITECH stock?

GRWRHITECH has a beta of N/A. A beta > 1 suggests the Garware Hi Tech Films Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.

What is GRWRHITECH operating profit margin trend?

GRWRHITECH has a 5-year average Operating Profit Margin (OPM) of 18.72%, indicating the company's operational efficiency.

How is GRWRHITECH quarterly performance?

Recent quarterly performance shows Garware Hi Tech Films Ltd YoY Sales Growth of -8.20% and YoY Profit Growth of -12.50%.

What is the institutional holding pattern in GRWRHITECH?

GRWRHITECH has FII holding of 3.58% and DII holding of 4.96%. Significant institutional holding often suggests professional confidence in the Garware Hi Tech Films Ltd stock.

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