Loading…
Garware Technical Fibres (GARFIBRES)₹730.75+0.72%Other Textile Products
In the Sep 2026 quarter (consolidated), Garware Technical Fibres reported sales of ₹463 Cr, up 32.9% from Sep 2025, and net profit of ₹58.79 Cr, up 84.2% year on year. For the year to Mar 2026, sales were ₹1,530 Cr and net profit ₹198 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 289 | 382 | 336 | 421 | 351 | 433 | 367 | 349 | 387 | 426 | 483 | 463 |
| Expenses | 236 | 291 | 272 | 329 | 286 | 334 | 299 | 299 | 316 | 330 | 392 | 383 |
| Operating Profit | 53.17 | 91.26 | 64.15 | 91.29 | 65.23 | 98.34 | 68.21 | 48.15 | 71.17 | 96.31 | 90.23 | 80.21 |
| OPM % | 18.0% | 24.0% | 19.0% | 22.0% | 18.0% | 23.0% | 19.0% | 14.0% | 18.0% | 23.0% | 19.0% | 17.0% |
| Other Income | 10.99 | 12.99 | 10.99 | 9.98 | 8.99 | 8.99 | 12.99 | 8.99 | 17.97 | −5.99 | 8.99 | 8.99 |
| Interest | 3.01 | 6.01 | 5.99 | 6.01 | 4.01 | 3.01 | 3.01 | 2.99 | 4.01 | 3.01 | 2.99 | 3.01 |
| Depreciation | 6.98 | 6.98 | 6.98 | 6.98 | 6.98 | 6.98 | 6.98 | 8.98 | 8.98 | 8.98 | 8.98 | 9.97 |
| Profit before tax | 55.01 | 90.94 | 61.99 | 87.92 | 61.98 | 96.98 | 69.93 | 45.97 | 74.93 | 78.03 | 86.03 | 75.95 |
| Tax % | 21.0% | 23.0% | 25.0% | 25.1% | 23.1% | 27.1% | 25.1% | 30.0% | 25.1% | 27.0% | 25.1% | 23.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −9.99 | 0.00 | 0.00 |
| Net Profit | 42.84 | 69.83 | 46.87 | 65.84 | 47.83 | 70.79 | 52.87 | 31.92 | 55.79 | 56.81 | 64.81 | 58.79 |
| EPS (Rs) | 4.23 | 6.86 | 4.70 | 6.62 | 4.79 | 7.14 | 5.33 | 3.21 | 5.66 | 5.75 | 6.60 | 5.98 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 826 | 847 | 886 | 1,019 | 953 | 1,036 | 1,191 | 1,307 | 1,328 | 1,541 | 1,530 | 1,760 |
| Expenses | 721 | 709 | 723 | 826 | 774 | 829 | 966 | 1,075 | 1,054 | 1,234 | 1,260 | 1,420 |
| Operating Profit | 103 | 136 | 162 | 192 | 178 | 204 | 224 | 231 | 273 | 307 | 268 | 338 |
| OPM % | 13.0% | 16.0% | 18.0% | 19.0% | 19.0% | 20.0% | 19.0% | 18.0% | 21.0% | 20.0% | 17.0% | 19.2% |
| Other Income | 5.99 | 7.99 | 17.99 | 20.97 | 31.95 | 34.99 | 24.97 | 27.99 | 42.96 | 50.99 | 50.97 | 29.96 |
| Interest | 9.01 | 7.01 | 10.01 | 13.99 | 12.01 | 10.01 | 11.01 | 11.99 | 17.01 | 20.01 | 14.01 | 13.02 |
| Depreciation | 12.96 | 13.97 | 14.96 | 16.94 | 18.96 | 20.93 | 20.96 | 21.92 | 25.91 | 27.94 | 33.93 | 36.91 |
| Profit before tax | 87.03 | 123 | 153 | 182 | 179 | 208 | 216 | 223 | 272 | 308 | 269 | 315 |
| Tax % | 29.0% | 32.1% | 31.0% | 31.1% | 21.0% | 24.0% | 24.0% | 23.0% | 23.0% | 25.1% | 26.0% | — |
| Exceptional items | 0.00 | 0.00 | 2.99 | 7.01 | 0.99 | 3.01 | 1.01 | 0.99 | 0.00 | 0.00 | −9.99 | −9.99 |
| Net Profit | 61.85 | 83.70 | 105 | 126 | 141 | 157 | 164 | 172 | 209 | 231 | 198 | 236 |
| EPS (Rs) | 5.64 | 7.69 | 9.57 | 11.45 | 12.81 | 15.31 | 15.92 | 16.85 | 20.56 | 23.25 | 19.93 | 23.99 |
| Dividend payout % | 12.0% | 13.0% | 9.0% | 9.0% | 26.0% | 3.0% | 9.0% | 4.0% | 3.0% | 6.0% | 5.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21.98 | 21.99 | 21.98 | 21.99 | 22.01 | 21.99 | 20.98 | 21.00 | 19.98 | 19.98 | 98.89 | 98.87 |
| Reserves | 290 | 345 | 425 | 516 | 630 | 719 | 792 | 953 | 998 | 1,216 | 1,145 | 1,258 |
| Borrowings | 39.98 | 44.97 | 85.98 | 138 | 108 | 133 | 102 | 79.96 | 134 | 123 | 64.95 | 42.93 |
| Other Liabilities | 348 | 410 | 308 | 309 | 317 | 317 | 404 | 363 | 341 | 412 | 448 | 479 |
| Total Liabilities | 699 | 821 | 842 | 985 | 1,079 | 1,191 | 1,319 | 1,416 | 1,493 | 1,771 | 1,758 | 1,879 |
| Fixed Assets | 166 | 199 | 204 | 221 | 228 | 245 | 248 | 241 | 247 | 263 | 277 | 420 |
| CWIP | 7.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 |
| Investments | 9.02 | 9.01 | 111 | 244 | 330 | 376 | 468 | 522 | 618 | 690 | 704 | 496 |
| Other Assets | 516 | 612 | 528 | 518 | 520 | 569 | 604 | 654 | 629 | 819 | 776 | 962 |
| Inventories | 137 | 125 | 141 | 164 | 168 | 191 | 189 | 223 | 213 | 256 | 269 | 398 |
| Trade receivables | 182 | 212 | 198 | 219 | 243 | 235 | 242 | 258 | 234 | 262 | 317 | 277 |
| Cash & equivalents | 11.01 | 81.06 | 115 | 22.99 | 12.01 | 33.99 | 57.06 | 40.03 | 46.05 | 174 | 51.01 | 140 |
| Total Assets | 699 | 821 | 842 | 985 | 1,079 | 1,191 | 1,319 | 1,416 | 1,493 | 1,771 | 1,758 | 1,879 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 73.99 | 143 | 120 | 28.03 | 133 | 110 | 228 | 64.01 | 189 | 219 | 196 | 162 |
| Cash from investing activity | −25.06 | −37.09 | −147 | −53.13 | −78.17 | −47.11 | −120 | 8.03 | −102 | −73.25 | 10.03 | 68.17 |
| Cash from financing activity | −47.92 | −35.95 | 26.96 | 28.96 | −55.86 | −36.96 | −135 | −37.93 | −84.80 | −38.94 | −332 | −152 |
| Net cash flow | 2.01 | 70.24 | 1.01 | 4.01 | −1.01 | 25.09 | −27.11 | 34.16 | 3.01 | 108 | −126 | 78.28 |
| Capex | 25.92 | 40.90 | 18.94 | 32.87 | 22.93 | 37.86 | 23.92 | 14.95 | 28.89 | 42.85 | 43.85 | 55.86 |
| Free cash flow | 49.04 | 103 | 102 | −4.99 | 110 | 72.07 | 205 | 49.05 | 161 | 177 | 152 | 107 |
| CFO / OP % | 112.0% | 160.0% | 114.0% | 43.0% | 95.0% | 91.0% | 134.0% | 52.0% | 107.0% | 102.0% | 88.0% | 90.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 86 | 95 | 86 | 91 | 88 | 91 | 86 | 80 | 66 | 73 | 76 | 67 |
| Inventory days | 138 | 145 | 176 | 206 | 186 | 250 | 235 | 234 | 187 | 256 | 227 | 321 |
| Days payable | 67 | 186 | 247 | 257 | 215 | 241 | 308 | 220 | 169 | 227 | 216 | 215 |
| Cash conversion cycle | 156 | 53 | 14 | 40 | 58 | 99 | 12 | 93 | 83 | 102 | 86 | 172 |
| Working capital days | 61 | 42 | 12 | 24 | 37 | 41 | 24 | 61 | 34 | 36 | 56 | 80 |
| ROCE % | 20.1% | 25.1% | 28.1% | 26.1% | 26.1% | 23.0% | 24.1% | 23.1% | 21.1% | 23.1% | 25.0% | 22.1% |
For the Sep 2026 quarter, Garware Technical Fibres reported sales of ₹463 Cr, up 32.9% year on year and net profit of ₹58.79 Cr, up 84.2% year on year. The operating margin was 17.0%.
Garware Technical Fibres' sales for the year to Mar 2026 were ₹1,530 Cr; over the last twelve months they were ₹1,760 Cr.
Net profit for the year to Mar 2026 was ₹198 Cr, and ₹236 Cr over the last twelve months. Earnings per share over the same trailing period were ₹23.99.
Garware Technical Fibres reported borrowings of ₹42.93 Cr at Mar 2026, against cash and equivalents of ₹140 Cr.
Cash from operations was ₹162 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹107 Cr.