Garware Hi-Tech Films quarterly results and financials

Garware Hi-Tech Films (GRWRHITECH)₹7,859−0.56%(9 Nov 2026 close)Plastic Products - Industrial

Key facts

In the Sep 2026 quarter (consolidated), Garware Hi-Tech Films reported sales of ₹698 Cr, up 22.1% from Sep 2025, and net profit of ₹129 Cr, up 41.9% year on year. For the year to Mar 2026, sales were ₹2,127 Cr and net profit ₹339 Cr.

Sales (Sep 2026): ₹698 Cr
Net profit (Sep 2026): ₹129 Cr
Sales (FY Mar 2026): ₹2,127 Cr
Net profit (FY Mar 2026): ₹339 Cr
EPS (Sep 2026): ₹55.62
Borrowings (Mar 2026): ₹0 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Garware Hi-Tech Films quarterly results

₹ crore unless stated; each column is a quarter.

Garware Hi-Tech Films Quarterly results
	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	455	448	476	622	467	550	496	572	460	599	635	698
Expenses	379	368	356	484	385	443	385	450	388	461	461	526
Operating Profit	75.14	78.21	119	137	81.18	104	110	119	70.23	135	173	169
OPM %	16.9%	18.0%	25.0%	22.0%	17.0%	19.0%	21.9%	20.9%	14.9%	23.0%	27.0%	23.9%
Other Income	8.97	11.95	10.96	13.95	11.96	16.94	12.95	13.94	15.95	20.92	19.93	19.94
Interest	1.99	1.99	1.99	1.99	1.99	1.99	1.99	1.99	1.99	1.99	1.99	2.99
Depreciation	9.99	9.99	9.99	9.98	9.99	9.99	10.99	10.99	11.98	11.97	12.99	12.98
Profit before tax	73.28	78.36	119	139	81.32	109	110	120	73.31	143	177	174
Tax %	23.0%	25.9%	24.9%	24.9%	24.9%	29.0%	24.9%	23.9%	24.0%	24.0%	24.9%	25.0%
Net Profit	56.10	58.07	88.08	104	61.09	78.11	83.14	91.09	56.08	108	133	129
EPS (Rs)	24.01	24.85	37.96	44.78	26.15	33.44	35.69	39.20	23.99	46.51	57.01	55.62

Garware Hi-Tech Films profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Garware Hi-Tech Films Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	859	876	835	950	927	992	1,306	1,442	1,681	2,115	2,127	2,392
Expenses	776	800	749	804	763	770	1,064	1,210	1,395	1,667	1,684	1,835
Operating Profit	81.21	73.14	83.24	144	162	220	238	228	283	442	436	548
OPM %	9.0%	8.0%	10.0%	14.9%	16.9%	22.0%	18.0%	15.9%	17.0%	21.0%	21.0%	22.9%
Other Income	5.98	7.98	4.98	8.97	11.95	14.94	38.83	41.88	38.84	53.82	64.76	76.74
Interest	43.95	32.95	24.97	18.98	17.99	19.97	17.98	16.98	11.98	8.99	7.99	8.96
Depreciation	16.99	13.99	13.99	13.98	19.97	23.97	27.98	31.93	38.96	40.95	44.91	49.92
Profit before tax	27.11	34.12	50.21	120	136	191	232	221	271	447	448	566
Tax %	38.0%	32.9%	33.9%	31.9%	35.9%	34.0%	28.0%	23.9%	24.9%	26.0%	24.0%	—
Exceptional items	0.00	0.00	0.00	1.99	0.99	0.99	12.96	2.99	0.00	0.00	0.00	—
Net Profit	16.02	22.01	33.02	82.17	86.07	126	167	166	203	331	339	427
EPS (Rs)	7.07	9.65	14.24	35.12	36.96	54.14	71.88	71.36	87.38	142.37	145.37	183.13
Dividend payout %	0.0%	10.0%	14.0%	28.0%	27.0%	18.0%	14.0%	14.0%	11.0%	8.0%	8.0%	—

Garware Hi-Tech Films balance sheet

₹ crore, at each year end.

Garware Hi-Tech Films Balance sheet
	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	23.04	23.03	23.02	22.98	23.05	23.03	23.03	23.04	23.03	23.01	23.03	23.03
Reserves	544	561	1,228	1,266	1,345	1,376	1,535	1,683	1,828	2,018	2,343	2,628
Borrowings	368	315	312	171	149	147	138	182	141	0.00	0.00	0.00
Other Liabilities	105	118	86.58	106	126	129	167	240	218	278	311	352
Total Liabilities	1,040	1,018	1,649	1,566	1,643	1,676	1,863	2,129	2,209	2,318	2,678	3,004
Fixed Assets	647	646	1,227	1,222	1,235	1,276	1,325	1,337	1,462	1,445	1,439	1,572
CWIP	11.03	5.02	8.02	10.02	11.02	20.06	11.03	96.31	10.02	2.01	39.08	27.07
Investments	0.99	0.99	28.94	35.92	120	116	226	273	392	362	642	696
Other Assets	381	366	386	298	277	264	302	423	344	508	556	709
Inventories	137	136	113	95.11	85.09	105	124	210	199	290	309	390
Trade receivables	48.03	40.01	62.05	38.99	55.98	52.01	42.05	33.03	30.01	37.98	41.99	53.01
Cash & equivalents	59.86	59.82	85.73	45.90	42.87	31.91	69.79	108	69.75	113	120	155
Total Assets	1,040	1,018	1,649	1,566	1,643	1,676	1,863	2,129	2,209	2,318	2,678	3,004

Garware Hi-Tech Films cash flow

₹ crore, for each year.

Garware Hi-Tech Films Cash flow
	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	90.92	101	76.98	134	141	98.95	199	172	218	172	330	275
Cash from investing activity	−19.92	−4.98	−11.96	−4.98	−101	−43.83	−126	−140	−167	45.86	−274	−199
Cash from financing activity	−107	−95.83	−39.91	−172	−48.93	−63.92	−35.91	5.99	−88.86	−169	−51.91	−59.89
Net cash flow	−36.17	0.00	25.08	−43.15	−8.03	−9.03	38.15	37.17	−39.15	48.17	2.01	16.06
Capex	29.02	10.01	16.99	11.01	27.03	54.02	64.05	126	70.08	17.01	59.01	161
Free cash flow	63.12	92.23	61.10	124	115	45.07	139	64.16	152	156	277	114
CFO / OP %	165.1%	131.0%	117.0%	174.1%	116.1%	79.1%	109.1%	90.1%	117.1%	84.1%	100.1%	83.1%

Garware Hi-Tech Films ratios

Working-capital days and returns, by year.

Garware Hi-Tech Films Ratios
	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	20	17	26	17	22	21	16	9	8	8	7	9
Inventory days	94	112	91	83	71	101	129	146	110	133	117	150
Days payable	30	36	39	54	68	62	89	76	57	73	55	69
Cash conversion cycle	82	91	77	44	24	58	54	79	60	67	68	89
Working capital days	−57	−57	−64	18	6	18	10	9	8	37	29	41
ROCE %	7.0%	8.0%	5.0%	5.0%	9.0%	10.0%	13.0%	13.0%	12.0%	14.0%	21.0%	18.0%

Garware Hi-Tech Films: frequently asked questions

What are the latest quarterly results of Garware Hi-Tech Films?

For the Sep 2026 quarter, Garware Hi-Tech Films reported sales of ₹698 Cr, up 22.1% year on year and net profit of ₹129 Cr, up 41.9% year on year. The operating margin was 23.9%.

What is the annual revenue of Garware Hi-Tech Films?

Garware Hi-Tech Films' sales for the year to Mar 2026 were ₹2,127 Cr; over the last twelve months they were ₹2,392 Cr.

What is the net profit of Garware Hi-Tech Films?

Net profit for the year to Mar 2026 was ₹339 Cr, and ₹427 Cr over the last twelve months. Earnings per share over the same trailing period were ₹183.13.

How much debt does Garware Hi-Tech Films have?

Garware Hi-Tech Films reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹155 Cr.

What is the free cash flow of Garware Hi-Tech Films?

Cash from operations was ₹275 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹114 Cr.

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