About Garware Technical Fibres Limited
Data last updated:
Garware Technical Fibres Limited is a public limited company based in Pune, Maharashtra, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 01 April 1976 and has been in existence for over 50 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L25209MH1976PLC018939. Its GSTIN is 27AAACG1377P1Z7 (Maharashtra). The company holds 28 GST registrations, of which 26 are active. Its shares are listed on BSE: 509557 and NSE: GARFIBRES.
The company has an authorised share capital of ₹120 Cr and a paid-up capital of ₹99.27 Cr. It was formerly known as Garware-Wall Ropes Limited and Garware Wall Ropes Limited. It is led by directors including Vayu Ramesh Garware (Managing Director) and Shridhar Shrikrishna Rajpathak.
Its last annual general meeting (AGM) was held on 02 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No 11 Block D – 1 MIDC Chinchwad, Pune, Maharashtra, India – 411019.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,528.79 Cr, a decline of 0.7% compared to the previous year. For the same year it recorded a net profit of ₹209.06 Cr (net margin 13.7%) and EBITDA of ₹252.63 Cr (EBITDA margin 16.5%). The net worth stands at ₹1,354.43 Cr (up 9.1% YoY). Total assets are valued at ₹1,420.56 Cr (up 7% YoY).
The company has about 1,150 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Garware Technical Fibres. As per MCA filings, the company has open charges of ₹399.95 Cr and satisfied charges of ₹474.45 Cr on record. Court records list 146 cases involving the company, including 95 filed by the company and 44 filed against it; 21 cases are pending. The company has 16 deals on record (14 market trades, 2 buybacks); the latest was in May 2023. Its 10 peer companies in the Manufacturing industry (Plastic Based Products) are compared by revenue, 5 larger and 5 smaller; the largest is Birlanu Limited with revenue of ₹3,644.7 Cr. The company has 17 MSME Form 1 returns on record between 2019 and 2024, listing 935 overdue payments to 47 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garwarefibres.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No 11 Block D – 1 MIDC Chinchwad, Pune, Maharashtra, India – 411019
- IndustryManufacturing, Plastic-Based Products
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Garware Technical Fibres Limited
The main business activities of Garware Technical Fibres are manufacturing and trade. In detail, this covers textile, leather and other apparel products and wholesale trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Garware Technical Fibres Limited FY 2025-26 filings available
Garware Technical Fibres Limited reported revenue of ₹1,528.79 Cr (down 0.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,529 | 1,540 | 1,326 | 1,306 | 1,189 | 1,035 | 953 |
| Revenue growth | -0.7% | +16.2% | +1.5% | +9.8% | +15.0% | +8.6% | - |
| EBITDA | 253 | 305 | 272 | 230 | 223 | 204 | 178 |
| EBITDA margin | +16.5% | +19.8% | +20.5% | +17.6% | +18.7% | +19.8% | +18.6% |
| Profit before tax | 269 | 308 | 272 | 223 | 216 | 208 | 179 |
| Net profit | 209 | 232 | 210 | 171 | 163 | 155 | 139 |
| Net profit margin | +13.7% | +15.0% | +15.9% | +13.1% | +13.7% | +15.0% | +14.6% |
| EPS (₹) | 20.01 | 23.33 | 103.18 | 84.50 | 79.92 | 76.82 | 64.22 |
| Balance sheet | |||||||
| Total assets | 1,421 | 1,328 | 1,373 | 1,165 | 1,064 | 925 | 881 |
| Net worth | 1,354 | 1,242 | 1,234 | 1,016 | 971 | 811 | 739 |
| Total debt | 42.82 | 64.86 | 123 | 134 | 79.57 | 102 | 133 |
| Cash & bank | 140 | 50.61 | 174 | 45.82 | 40.47 | 57.40 | 33.65 |
| Net working capital | 498 | 348 | 424 | 302 | 318 | 228 | 273 |
| Cash flow | |||||||
| Cash from operations | 162 | 196 | 219 | 189 | 63.85 | 228 | 110 |
| Cash from investing | 67.79 | 10.29 | (72.66) | (102) | 7.86 | (120) | (47.48) |
| Cash from financing | (152) | (332) | (38.52) | (85.11) | (37.97) | (135) | (37.43) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 482 | 426 | 387 | 348 | 367 | 433 | 351 | 421 |
| Revenue growth (YoY) | +31.4% | -1.4% | +10.4% | -17.3% | +9.2% | - | - | - |
| Other income | 8.93 | 7.81 | 17.70 | 9.34 | 12.84 | 8.96 | 8.88 | 9.68 |
| EBITDA | 90.09 | 82.34 | 70.82 | 48.43 | 68.13 | 98.26 | 64.65 | 91.46 |
| EBITDA margin | +18.7% | +19.3% | +18.3% | +13.9% | +18.6% | +22.7% | +18.4% | +21.7% |
| Depreciation | 9.33 | 9.09 | 9.33 | 8.62 | 7.41 | 7.32 | 7.27 | 7.04 |
| Interest | 3.33 | 3.12 | 3.79 | 3.49 | 3.16 | 3.11 | 4.32 | 6.42 |
| Profit before tax | 86.36 | 77.94 | 75.40 | 45.66 | 70.40 | 96.79 | 61.94 | 87.68 |
| Tax | 21.88 | 20.82 | 19.18 | 13.67 | 17.30 | 25.72 | 14.16 | 21.71 |
| Net profit | 64.48 | 57.12 | 56.22 | 31.99 | 53.10 | 71.07 | 47.78 | 65.97 |
| EPS (₹) | 6.56 | 5.77 | 5.66 | 3.22 | 5.37 | 7.16 | 24.00 | 33.10 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,419 | 1,489 | 1,280 | 1,254 | 1,176 | 1,017 | 945 |
| Revenue growth | -4.7% | +16.3% | +2.1% | +6.6% | +15.6% | +7.7% | - |
| EBITDA | 260 | 282 | 257 | 213 | 216 | 199 | 178 |
| EBITDA margin | +18.3% | +19.0% | +20.1% | +17.0% | +18.4% | +19.5% | +18.8% |
| Profit before tax | 280 | 286 | 258 | 207 | 210 | 203 | 216 |
| Net profit | 222 | 214 | 199 | 158 | 159 | 151 | 177 |
| Net profit margin | +15.6% | +14.4% | +15.6% | +12.6% | +13.6% | +14.9% | +18.7% |
| EPS (₹) | 21.28 | 21.57 | 97.62 | 78.06 | 77.96 | 75.00 | 81.35 |
| Balance sheet | |||||||
| Total assets | 1,372 | 1,306 | 1,370 | 1,175 | 1,090 | 950 | 883 |
| Net worth | 1,327 | 1,220 | 1,232 | 1,026 | 996 | 841 | 773 |
| Total debt | 21.54 | 64.71 | 122 | 134 | 79.57 | 96.92 | 100 |
| Cash & bank | 36.89 | 8.34 | 146 | 38.76 | 38.72 | 54.65 | 26.55 |
| Net working capital | 395 | 279 | 373 | 264 | 297 | 207 | 228 |
| Cash flow | |||||||
| Cash from operations | 118 | 181 | 198 | 185 | 59.86 | 205 | 144 |
| Cash from investing | 60.89 | 11.80 | (53.77) | (103) | 7.47 | (121) | (57.60) |
| Cash from financing | (148) | (331) | (38.19) | (85.03) | (32.95) | (107) | (69.23) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 401 | 371 | 340 | 360 | 348 | 375 | 353 | 405 |
| Revenue growth (YoY) | +15.3% | -0.9% | -3.6% | -11.2% | -2.2% | - | - | - |
| Other income | 8.45 | 7.25 | 16.89 | 8.75 | 12.35 | 8.58 | 8.58 | 9.36 |
| Total expenses | 334 | 294 | 272 | 298 | 279 | 300 | 295 | 316 |
| EBITDA | 67.57 | 77.44 | 68.14 | 62.03 | 69.29 | 74.98 | 57.91 | 88.96 |
| EBITDA margin | +16.8% | +20.8% | +20.1% | +17.2% | +19.9% | +20.0% | +16.4% | +22.0% |
| Depreciation | 8.23 | 8.10 | 8.34 | 7.64 | 7.36 | 7.28 | 7.24 | 7.00 |
| Interest | 2.22 | 2.24 | 3.13 | 2.89 | 2.54 | 2.83 | 4.01 | 5.95 |
| Profit before tax | 65.57 | 74.35 | 73.56 | 60.25 | 71.74 | 73.45 | 55.24 | 85.37 |
| Tax | 16.58 | 19.53 | 19.60 | 12.92 | 16.59 | 22.14 | 12.85 | 21.36 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 482 | 426 | 387 | 348 | 367 | 433 | 351 | 421 |
| Revenue growth (YoY) | +31.4% | -1.4% | +10.4% | -17.3% | +9.2% | - | - | - |
| Other income | 8.93 | 7.81 | 17.70 | 9.34 | 12.84 | 8.96 | 8.88 | 9.68 |
| EBITDA | 90.09 | 82.34 | 70.82 | 48.43 | 68.13 | 98.26 | 64.65 | 91.46 |
| EBITDA margin | +18.7% | +19.3% | +18.3% | +13.9% | +18.6% | +22.7% | +18.4% | +21.7% |
| Depreciation | 9.33 | 9.09 | 9.33 | 8.62 | 7.41 | 7.32 | 7.27 | 7.04 |
| Interest | 3.33 | 3.12 | 3.79 | 3.49 | 3.16 | 3.11 | 4.32 | 6.42 |
| Profit before tax | 86.36 | 77.94 | 75.40 | 45.66 | 70.40 | 96.79 | 61.94 | 87.68 |
| Tax | 21.88 | 20.82 | 19.18 | 13.67 | 17.30 | 25.72 | 14.16 | 21.71 |
| Net profit | 64.48 | 57.12 | 56.22 | 31.99 | 53.10 | 71.07 | 47.78 | 65.97 |
| EPS (₹) | 6.56 | 5.77 | 5.66 | 3.22 | 5.37 | 7.16 | 24.00 | 33.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,529 | 1,540 | 1,326 | 1,306 | 1,189 | 1,035 | 953 |
| Revenue growth | -0.7% | +16.2% | +1.5% | +9.8% | +15.0% | +8.6% | - |
| Other income | 64.77 | 51.35 | 43.19 | 27.90 | 25.54 | 34.67 | 32.19 |
| Total expenses | 1,276 | 1,235 | 1,054 | 1,076 | 966 | 830 | 776 |
| Employee cost | 237 | 214 | 194 | 167 | 150 | 153 | 136 |
| EBITDA | 253 | 305 | 272 | 230 | 223 | 204 | 178 |
| EBITDA margin | +16.5% | +19.8% | +20.5% | +17.6% | +18.7% | +19.8% | +18.6% |
| Depreciation | 34.45 | 28.34 | 25.88 | 22.31 | 21.46 | 20.65 | 19.26 |
| Interest | 13.56 | 20.03 | 17.21 | 11.95 | 10.57 | 10.32 | 11.57 |
| Profit before tax | 269 | 308 | 272 | 223 | 216 | 208 | 179 |
| Tax | 70.97 | 76.91 | 61.45 | 50.98 | 51.64 | 49.67 | 38.33 |
| Net profit | 209 | 232 | 210 | 171 | 163 | 155 | 139 |
| Net profit margin | +13.7% | +15.0% | +15.9% | +13.1% | +13.7% | +15.0% | +14.6% |
| EPS (₹) | 20.01 | 23.33 | 103.18 | 84.50 | 79.92 | 76.82 | 64.22 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 99.27 | 99.27 | 20.38 | 20.38 | 20.62 | 20.62 | 21.88 |
| Reserves & surplus | 1,255 | 1,142 | 1,213 | 996 | 950 | 790 | 717 |
| Shareholders' funds (net worth) | 1,354 | 1,242 | 1,234 | 1,016 | 971 | 811 | 739 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 40.30 | 61.42 | 119 | 133 | 79.57 | 102 | 133 |
| Unsecured loans | 2.52 | 3.44 | 4.30 | 0.69 | 0.00 | 0.00 | 0.00 |
| Total debt | 42.82 | 64.86 | 123 | 134 | 79.57 | 102 | 133 |
| Total liabilities | 1,421 | 1,328 | 1,373 | 1,165 | 1,064 | 925 | 881 |
| Assets | |||||||
| Gross block | 612 | 444 | 402 | 361 | 336 | 323 | 300 |
| Net block | 419 | 277 | 262 | 246 | 240 | 247 | 244 |
| Capital work in progress | 0.97 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 496 | 703 | 689 | 617 | 521 | 467 | 376 |
| Inventories | 399 | 270 | 257 | 214 | 224 | 190 | 192 |
| Sundry debtors | 277 | 317 | 262 | 234 | 258 | 242 | 235 |
| Cash & bank balances | 140 | 50.61 | 174 | 45.82 | 40.47 | 57.40 | 33.65 |
| Loans & advances | 95.98 | 99.88 | 94.14 | 106 | 113 | 96.64 | 88.99 |
| Total current assets | 911 | 737 | 787 | 600 | 635 | 586 | 550 |
| Total current liabilities | 413 | 389 | 363 | 298 | 318 | 358 | 277 |
| Net working capital | 498 | 348 | 424 | 302 | 318 | 228 | 273 |
| Total assets | 1,421 | 1,328 | 1,373 | 1,165 | 1,064 | 925 | 881 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 21.05 | 146 | 41.62 | 39.06 | 5.32 | 32.23 | 7.60 |
| Net cash from operating activities | 162 | 196 | 219 | 189 | 63.85 | 228 | 110 |
| Net cash from investing activities | 67.79 | 10.29 | (72.66) | (102) | 7.86 | (120) | (47.48) |
| Net cash from financing activities | (152) | (332) | (38.52) | (85.11) | (37.97) | (135) | (37.43) |
| Net change in cash | 77.60 | (125) | 108 | 2.56 | 33.74 | (26.91) | 24.63 |
| Closing cash | 140 | 50.61 | 174 | 45.82 | 40.47 | 57.40 | 33.65 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -0.7% | +16.2% | +1.5% | +9.8% | +15.0% | +8.6% | - |
| EBITDA growth | -17.3% | +12.5% | +18.3% | +3.0% | +9.1% | +15.1% | - |
| PBT growth | -12.7% | +13.5% | +21.8% | +3.1% | +4.0% | +16.3% | -1.8% |
| Net income growth | -9.8% | +10.1% | +23.1% | +4.6% | +5.5% | +11.2% | - |
| Revenue CAGR (3Y) | +5.4% | +9.0% | +8.6% | +11.1% | +5.3% | +5.4% | +4.1% |
| EBITDA CAGR (3Y) | +3.3% | +11.1% | +10.0% | +8.9% | +5.1% | +8.4% | +9.4% |
| Profitability & leverage | |||||||
| Net income margin | +13.0% | +15.0% | +15.9% | +13.2% | +13.9% | +15.3% | +14.8% |
| Return on capital employed | +20.6% | +24.3% | +22.8% | +21.1% | +22.8% | +24.2% | +23.2% |
| Return on net worth | +15.3% | +18.7% | +18.7% | +17.3% | +18.5% | +20.4% | +20.2% |
| Debt / equity | 0.04 | 0.08 | 0.11 | 0.11 | 0.10 | 0.15 | 0.17 |
| Long-term debt / equity | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 6.22 | 7.23 | 7.00 | 5.77 | 5.25 | 5.62 | 7.31 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.90 | 3.64 | 3.47 | 3.75 | 3.61 | 3.32 | 3.34 |
| Inventory turnover | 4.58 | 5.85 | 5.63 | 5.96 | 5.74 | 5.42 | 5.30 |
| Debtors turnover | 5.15 | 5.32 | 5.34 | 5.31 | 4.76 | 4.34 | 3.99 |
| EPS (₹) | 20.01 | 23.33 | 103.18 | 84.50 | 79.92 | 76.82 | 64.22 |
| Dividend per share (₹) | 1.00 | 1.50 | 3.00 | 3.50 | 7.00 | 2.50 | 17.00 |
| Book value per share (₹) | 136.44 | 125.08 | 605.48 | 498.77 | 470.74 | 393.39 | 337.77 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 401 | 371 | 340 | 360 | 348 | 375 | 353 | 405 |
| Revenue growth (YoY) | +15.3% | -0.9% | -3.6% | -11.2% | -2.2% | - | - | - |
| Other income | 8.45 | 7.25 | 16.89 | 8.75 | 12.35 | 8.58 | 8.58 | 9.36 |
| Total expenses | 334 | 294 | 272 | 298 | 279 | 300 | 295 | 316 |
| EBITDA | 67.57 | 77.44 | 68.14 | 62.03 | 69.29 | 74.98 | 57.91 | 88.96 |
| EBITDA margin | +16.8% | +20.8% | +20.1% | +17.2% | +19.9% | +20.0% | +16.4% | +22.0% |
| Depreciation | 8.23 | 8.10 | 8.34 | 7.64 | 7.36 | 7.28 | 7.24 | 7.00 |
| Interest | 2.22 | 2.24 | 3.13 | 2.89 | 2.54 | 2.83 | 4.01 | 5.95 |
| Profit before tax | 65.57 | 74.35 | 73.56 | 60.25 | 71.74 | 73.45 | 55.24 | 85.37 |
| Tax | 16.58 | 19.53 | 19.60 | 12.92 | 16.59 | 22.14 | 12.85 | 21.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,419 | 1,489 | 1,280 | 1,254 | 1,176 | 1,017 | 945 |
| Revenue growth | -4.7% | +16.3% | +2.1% | +6.6% | +15.6% | +7.7% | - |
| Other income | 62.14 | 50.48 | 42.70 | 27.85 | 25.47 | 34.54 | 69.13 |
| Total expenses | 1,159 | 1,206 | 1,022 | 1,041 | 960 | 818 | 767 |
| Employee cost | 209 | 208 | 190 | 165 | 148 | 150 | 136 |
| EBITDA | 260 | 282 | 257 | 213 | 216 | 199 | 178 |
| EBITDA margin | +18.3% | +19.0% | +20.1% | +17.0% | +18.4% | +19.5% | +18.8% |
| Depreciation | 31.44 | 28.18 | 25.77 | 22.24 | 21.41 | 20.64 | 19.26 |
| Interest | 10.79 | 18.86 | 16.75 | 11.87 | 10.45 | 9.97 | 11.21 |
| Profit before tax | 280 | 286 | 258 | 207 | 210 | 203 | 216 |
| Tax | 68.65 | 71.55 | 58.73 | 47.65 | 49.27 | 48.05 | 38.20 |
| Net profit | 222 | 214 | 199 | 158 | 159 | 151 | 177 |
| Net profit margin | +15.6% | +14.4% | +15.6% | +12.6% | +13.6% | +14.9% | +18.7% |
| EPS (₹) | 21.28 | 21.57 | 97.62 | 78.06 | 77.96 | 75.00 | 81.35 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 99.27 | 99.27 | 20.38 | 20.38 | 20.62 | 20.62 | 21.88 |
| Reserves & surplus | 1,228 | 1,121 | 1,211 | 1,006 | 976 | 821 | 751 |
| Shareholders' funds (net worth) | 1,327 | 1,220 | 1,232 | 1,026 | 996 | 841 | 773 |
| Secured loans | 19.13 | 61.42 | 119 | 133 | 79.57 | 96.92 | 100 |
| Unsecured loans | 2.41 | 3.29 | 3.89 | 0.69 | 0.00 | 0.00 | 0.00 |
| Total debt | 21.54 | 64.71 | 122 | 134 | 79.57 | 96.92 | 100 |
| Total liabilities | 1,372 | 1,306 | 1,370 | 1,175 | 1,090 | 950 | 883 |
| Assets | |||||||
| Gross block | 490 | 443 | 401 | 361 | 335 | 323 | 300 |
| Net block | 302 | 276 | 261 | 245 | 240 | 247 | 244 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 657 | 751 | 738 | 666 | 568 | 514 | 423 |
| Inventories | 305 | 244 | 235 | 188 | 193 | 177 | 187 |
| Sundry debtors | 325 | 300 | 254 | 220 | 260 | 216 | 215 |
| Cash & bank balances | 36.89 | 8.34 | 146 | 38.76 | 38.72 | 54.65 | 26.55 |
| Loans & advances | 93.24 | 98.06 | 89.49 | 104 | 112 | 95.76 | 88.23 |
| Total current assets | 760 | 650 | 725 | 551 | 604 | 543 | 517 |
| Total current liabilities | 366 | 372 | 352 | 287 | 307 | 337 | 288 |
| Net working capital | 395 | 279 | 373 | 264 | 297 | 207 | 228 |
| Total assets | 1,372 | 1,306 | 1,370 | 1,175 | 1,090 | 950 | 883 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.07 | 139 | 34.95 | 37.31 | 2.92 | 25.13 | 7.59 |
| Net cash from operating activities | 118 | 181 | 198 | 185 | 59.86 | 205 | 144 |
| Net cash from investing activities | 60.89 | 11.80 | (53.77) | (103) | 7.47 | (121) | (57.60) |
| Net cash from financing activities | (148) | (331) | (38.19) | (85.03) | (32.95) | (107) | (69.23) |
| Net change in cash | 30.78 | (138) | 107 | (2.36) | 34.38 | (22.21) | 17.54 |
| Closing cash | 36.89 | 8.34 | 146 | 38.76 | 38.72 | 54.65 | 26.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -4.7% | +16.3% | +2.1% | +6.6% | +15.6% | +7.7% | - |
| EBITDA growth | -7.9% | +9.6% | +20.9% | -1.6% | +8.9% | +12.0% | - |
| PBT growth | -2.0% | +10.9% | +24.6% | -1.6% | +3.6% | -6.2% | +18.8% |
| Net income growth | +3.6% | +7.6% | +26.2% | -1.0% | +5.4% | -14.4% | - |
| Revenue CAGR (3Y) | +4.2% | +8.2% | +8.0% | +9.9% | +4.9% | +4.8% | +3.8% |
| EBITDA CAGR (3Y) | +6.9% | +9.3% | +9.0% | +6.3% | +4.1% | +7.4% | +9.4% |
| Profitability & leverage | |||||||
| Net income margin | +14.9% | +14.4% | +15.5% | +12.7% | +13.7% | +15.2% | +18.8% |
| Return on capital employed | +21.7% | +22.8% | +21.6% | +19.3% | +21.6% | +23.2% | +27.6% |
| Return on net worth | +16.6% | +17.5% | +17.6% | +15.7% | +17.5% | +19.2% | +25.0% |
| Debt / equity | 0.03 | 0.08 | 0.11 | 0.11 | 0.10 | 0.12 | 0.15 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 4.72 | 7.42 | 7.23 | 6.22 | 5.36 | 5.60 | 7.08 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.04 | 3.53 | 3.36 | 3.60 | 3.57 | 3.27 | 3.31 |
| Inventory turnover | 5.17 | 6.21 | 6.04 | 6.57 | 6.35 | 5.59 | 5.32 |
| Debtors turnover | 4.54 | 5.37 | 5.39 | 5.22 | 4.94 | 4.72 | 4.13 |
| EPS (₹) | 21.28 | 21.57 | 97.62 | 78.06 | 77.96 | 75.00 | 81.35 |
| Dividend per share (₹) | 1.00 | 1.50 | 3.00 | 3.50 | 7.00 | 2.50 | 17.00 |
| Book value per share (₹) | 133.71 | 122.92 | 604.35 | 503.58 | 483.19 | 408.07 | 353.22 |
Peer Comparison of Garware Technical Fibres Limited
Garware Technical Fibres Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastic Based Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Birlanu Limited Listed | ₹3,644.7 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Hyderabad, Telangana, India |
| Nilkamal Limited Listed | ₹3,324.43 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Dadra and Nagar Haveli, India |
| I G Petrochemicals Limited Listed | ₹2,231.84 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Panaji, Goa, India |
| Polyhose India Private Limited | ₹1,808.35 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Chennai, Tamil Nadu, India |
| Kingfa Science & Technology (India) Limited Listed | ₹1,754.07 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Chennai, Tamil Nadu, India |
| Garware Technical Fibres Limited this company | ₹1,528.79 Cr (FY 2026) | •••• | •••• | -0.7% | •••• | Pune, Maharashtra, India |
| Responsive Industries Limited Listed | ₹1,426.32 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Betegaon, Maharashtra, India |
| Vishakha Renewables Private Limited | ₹1,403.3 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Ahmedabad, Gujarat, India |
| Avaya Industries Limited | ₹1,397.41 Cr (FY 2019) | •••• | •••• | 19.0% | •••• | Thane, Maharashtra, India |
| Alpla India Private Limited | ₹1,350.75 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Sabic Innovative Plastics India Private Limited | ₹1,299.61 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | P O Jawaharnagar, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Garware Technical Fibres by revenue in the Manufacturing industry (Plastic Based Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Garware Technical Fibres Limited
Garware Technical Fibres Limited is audited by MEHTA CHOKSHI & SHAH LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MEHTA CHOKSHI & SHAH LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Garware Technical Fibres Limited
Garware Technical Fibres has 6 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shridhar Shrikrishna Rajpathak | Director | 24 May 2017 | 9 Years 4 Months | Current |
| Ashish Dhurvendra Goel Also directs: Maritime and Commerce Agency India LLP, Unlockedstudio LLP, Ameya Logistics Private Limited and 4 more | Director | 28 May 2024 | 2 Years 4 Months | Current |
| Anil Wagle Sadashiv | Director | 30 Jan 2024 | 2 Years 8 Months | Current |
| Vayu Ramesh Garware | Managing Director | 01 Dec 1995 | 30 Years 10 Months | Current |
| Kirti Dharmesh Mangwani Also directs: Mangwani Fiduciary Services LLP, Eazi Art (OPC) Private Limited | Additional Director | 25 Nov 2025 | 0 Years 10 Months | Current |
| Mayuri Vayu Garware | Director | 16 Aug 2014 | 12 Years 2 Months | Current |
Shareholding Pattern of Garware Technical Fibres Limited
Shareholding for the quarter ended Sep 2026: promoters hold 54.20%, foreign institutional investors hold 8.70%, domestic institutional investors hold 10.10% and retail and other public shareholders hold 27.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 54.20% | 53.40% | 53.40% | 53.00% |
| Public | 45.80% | 46.60% | 46.60% | 47.00% |
Charges & Borrowings of Garware Technical Fibres Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Aug 2024 | Others | ₹399.95 Cr | Open |
| 11 Jan 2012 | The Hongkong and Shanghai Banking Corporation Limited | ₹15 Cr | Satisfied |
| 01 Nov 2011 | Citibank N. A. | ₹25 Cr | Satisfied |
| 24 Oct 2011 | Hdfc Bank Limited | ₹25 Cr | Satisfied |
| 13 Oct 2008 | Idbi Bank Limited | ₹12.13 Cr | Satisfied |
Total charge records: 19 View all charges
Deals & Funding of Garware Technical Fibres Limited
Garware Technical Fibres Limited has 16 deals on record (14 market trades, 2 buybacks); the latest was in May 2023.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Market trade | ₹2.15 Cr | Buyer: Garware Technical Fibres Limited Seller: Gujarat Fluorochemicals Limited |
| Mar 2014 | Market trade | ₹1.32 Cr | Buyer: Garware Technical Fibres Limited Seller: Gujarat Fluorochemicals Limited |
| Mar 2014 | Market trade | ₹1.92 Cr | Buyer: Garware Technical Fibres Limited |
| Feb 2014 | Market trade | ₹1.79 Cr | Buyer: Garware Technical Fibres Limited |
| Feb 2014 | Market trade | ₹75.8 Lakh | Buyer: Garware Technical Fibres Limited |
Full deal history
All 16 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Garware Technical Fibres Limited
Garware Technical Fibres Limited has 146 court cases on record: 95 filed by Garware Technical Fibres, 44 filed against it, 7 where it is another party. 21 cases are pending and 125 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 85 | 24 | 8 |
| District courts | 59 | 19 | 13 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 146)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Pan India Infraprojects Private Limited | Pending |
| High Court of Kerala | Writ petition | Filed by the company against The Kerala Minerals and Metals Limited | Pending |
| Bombay High Court | Court case (COARP) | Filed by the company against Bigzen Developers Private Limited | Disposed |
| Bombay High Court | Court case (ARP) | Filed against the company by Coastal Marine Construction and Engineering Limited | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Brahmaputra Infrastructure Limited | Disposed |
Full case history
All 146 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Garware Technical Fibres Limited
Garware Technical Fibres Limited has 17 MSME Form 1 returns on record between 2019 and 2024, listing 935 overdue payments to 47 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 47)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Safepack Industries Limited | •••• | •••• | •••• |
| Anil Cargo Pvt Ltd | •••• | •••• | •••• |
| K P Transports Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Stew Engineering | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 17 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Garware Technical Fibres Limited
Garware Technical Fibres operates one associated brand: Garware Technical Fibres. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Technical textiles for diverse industries are developed and supplied. | garwarefibres.com |
Employees and EPFO Compliance at Garware Technical Fibres Limited
Garware Technical Fibres Limited has a workforce of 1,150 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Garware Technical Fibres Limited
Garware Technical Fibres has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Garware Technical Textile Private Limited | U17301PN2020PTC194993 | - |
| Garware Environmental Services Private Limited | U74900PN2007PTC130686 | - |
| Garware Technical Fibres Foundation | U85300PN2021NPL203132 | - |
Showing major subsidiaries. Total: 3.
Name History of Garware Technical Fibres Limited
Garware Technical Fibres has undergone 2 name changes throughout its history. The company was previously known as Garware-Wall Ropes Limited, and Garware Wall Ropes Limited. The current legal name is Garware Technical Fibres Limited.
| Company Name | Status |
|---|---|
| Garware Technical Fibres Limited | Current |
| Garware-Wall Ropes Limited | Previous |
| Garware Wall Ropes Limited | Previous |
CIN History of Garware Technical Fibres Limited
Garware Technical Fibres has one previous CIN (Corporate Identification Number): U25209MH1976PLC018939. The current CIN is L25209MH1976PLC018939, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25209MH1976PLC018939 | Current |
| U25209MH1976PLC018939 | Previous |
Recent Activity on Garware Technical Fibres Limited
Garware Technical Fibres Limited has 27 board changes on record since 1995: 8 appointments and 19 cessations. The latest: Kirti Dharmesh Mangwani was appointed as Additional Director on 25 Nov 2025.
59 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Garware Technical Fibres Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Garware Technical Fibres Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Garware Technical Fibres Limited
Garware Technical Fibres has 28 GST registrations: 26 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG1377P1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACG1377P2Z6 | Maharashtra | Active | 01 Feb 2023 |
| 02AAACG1377P1ZJ | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACG1377P1ZH | Punjab | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Garware Technical Fibres Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Garware Technical Fibres Limited
Frequently Asked Questions about Garware Technical Fibres Limited
Garware Technical Fibres is an active public limited company based in Pune, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 01 April 1976 (50+ years old) and is registered under CIN L25209MH1976PLC018939. Listed on BSE: 509557 and NSE: GARFIBRES.
Garware Technical Fibres reported revenue of ₹1,528.79 Cr for FY 2025-26 (down 0.7% YoY) based on consolidated financials.
Garware Technical Fibres has 6 current directors:
- Vayu Ramesh Garware - Managing Director
- Shridhar Shrikrishna Rajpathak - Director
- Ashish Dhurvendra Goel - Director
- Anil Wagle Sadashiv - Director
- Kirti Dharmesh Mangwani - Additional Director
- Mayuri Vayu Garware - Director
The GSTIN of Garware Technical Fibres is 27AAACG1377P1Z7, registered in Maharashtra. The company has 28 GST registrations in all, of which 26 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACG1377P2Z6 (Maharashtra), 02AAACG1377P1ZJ (Himachal Pradesh), 03AAACG1377P1ZH (Punjab).
The CIN (Corporate Identification Number) of Garware Technical Fibres is L25209MH1976PLC018939. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Garware Technical Fibres is listed on both BSE (code: 509557) and NSE (symbol: GARFIBRES).
Garware Technical Fibres has 146 court cases on record: 95 filed by the company and 44 filed against it. 21 are pending. Most are in the high courts.
Garware Technical Fibres was incorporated on 01 April 1976, making it 50+ years old. It is registered with the Registrar of Companies, Pune.
Garware Technical Fibres has 16 deals on record (14 market trades, 2 buybacks); the latest was in May 2023.
The peers of Garware Technical Fibres by revenue are Birlanu Limited, Nilkamal Limited, I G Petrochemicals Limited, Polyhose India Private Limited, Kingfa Science & Technology (India) Limited and 5 more, all in the Manufacturing industry (Plastic Based Products).
Kirti Dharmesh Mangwani was appointed as Additional Director on 25 Nov 2025. Ashish Dhurvendra Goel was appointed as Director on 28 May 2024. Anil Wagle Sadashiv was appointed as Director on 30 Jan 2024. Garware Technical Fibres has 27 board changes on record in total.
Garware Technical Fibres has 17 MSME Form 1 returns on record between 2019 and 2024, listing 935 overdue payments to 47 micro and small suppliers. The latest return was filed on 30 Apr 2024.