GARFIBRES
Garware Technical Fibres share price & financials
- Price
- ₹765.5
- Market cap
- ₹7.8k Cr
- Sector
- Textiles
What Garware Technical Fibres Limited does
Garware Technical Fibres Limited (formerly Garware-Wall Ropes) manufactures technical textiles and synthetic-fibre products across four core businesses: aquaculture (cage nets, mooring ropes, lice-management systems for salmon farming), sports nets (tennis, baseball, soccer), value-added ropes (UHMWPE and high-strength polyolefin ropes and slings for marine mooring, towing, offshore and transmission applications) and geosynthetics (polymer-based solutions for slope protection, road/rail/airport infrastructure and landfill lining). It earns by selling these engineered, application-specific products directly to industrial, marine and infrastructure customers in India and abroad, supported by in-house R&D and manufacturing.
Segments
- Aquaculture
- Sports Nets
- Value Added Ropes (VAR)
- Geosynthetics
- Product portfolio size
- ~20,000 SKUs
- Patents
- 101 filed, 29 granted
- Manufacturing facilities (India)
- Two owned plants in Maharashtra — original Pune (Chinchwad, MIDC) facility established 1976, and a second facility at Wai, Satara
- Global market reach
- Products sold in 75+ countries
- International direct presence
- Operations/subsidiary offices across India, USA, Chile, UK, Canada, Norway, Spain and Australia
- Cumulative cage nets supplied
- 30,000+ HDPE cage nets supplied globally since 2010
Quarterly results
Q1 FY27: revenue up 31.3%, net profit up 22.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 421 | 351 | 433 | 367 | 348 −17% | 387 +10% | 426 −2% | 482 +31% |
| EBITDA | 91 | 65 | 98 | 68 | 48 −47% | 71 +9% | 96 −2% | 90 +32% |
| Net profit | 66 | 48 | 71 | 53 | 32 −52% | 56 +17% | 57 −20% | 65 +23% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +3.6% 1Y
1Y: ₹767.8 on 10 Sept 2025 → ₹795.7. High ₹842.7 (1 Sept 2026), low ₹592.45 (27 Mar 2026).
Financials, as filed
Revenue grew 5.4% a year over 3 years, FY23 to FY26. Operating margin widened to 18.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.3k Cr | ₹1.3k Cr | ₹1.5k Cr | ₹1.5k Cr |
| Operating profit | ₹230 Cr | ₹271 Cr | ₹318 Cr | ₹283 Cr |
| Operating margin | 17.6% | 20.5% | 20.6% | 18.5% |
| Interest | ₹12 Cr | ₹17 Cr | ₹19 Cr | ₹13 Cr |
| Depreciation | ₹22 Cr | ₹26 Cr | ₹28 Cr | ₹34 Cr |
| Net profit | ₹173 Cr | ₹208 Cr | ₹232 Cr | ₹198 Cr |
| Net margin | 13.3% | 15.7% | 15.1% | 13.0% |
| Cash from operations | ₹189 Cr | ₹219 Cr | ₹196 Cr | ₹162 Cr |
| Free cash flow | ₹161 Cr | ₹177 Cr | ₹152 Cr | ₹107 Cr |
| ROCE | 21.0% | 23.0% | 25.0% | 22.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹21 Cr | ₹21 Cr | ₹20 Cr | ₹20 Cr | ₹99 Cr | ₹99 Cr |
| Reserves | ₹790 Cr | ₹950 Cr | ₹996 Cr | ₹1.2k Cr | ₹1.2k Cr | ₹1.3k Cr |
| Borrowings | ₹102 Cr | ₹80 Cr | ₹134 Cr | ₹123 Cr | ₹132 Cr | ₹43 Cr |
| Other liabilities | ₹406 Cr | ₹365 Cr | ₹343 Cr | ₹414 Cr | ₹447 Cr | ₹481 Cr |
| Total liabilities | ₹1.3k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.8k Cr | ₹1.9k Cr | ₹1.9k Cr |
| Fixed assets | ₹247 Cr | ₹240 Cr | ₹246 Cr | ₹262 Cr | ₹395 Cr | ₹419 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹467 Cr | ₹521 Cr | ₹617 Cr | ₹689 Cr | ₹552 Cr | ₹496 Cr |
| Other assets | ₹605 Cr | ₹654 Cr | ₹630 Cr | ₹820 Cr | ₹930 Cr | ₹963 Cr |
| Total assets | ₹1.3k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.8k Cr | ₹1.9k Cr | ₹1.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +1.25 pp while FIIs trimmed −1.22 pp. The shareholder count shrank 11% to 39,254.
- Promoters
- 54.3%
- FIIs
- 8.7%
- DIIs
- 10.1%
- Public
- 27.0%
Since Jun 2025
- Promoters +1.25 pp
- FIIs −1.22 pp
- DIIs −0.86 pp
How it drifted, 12 quarters
Over this window the public fell from 29.1% to 27.0% — −2.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 52.7%, FIIs 8.6%, DIIs 9.6%, Public 29.1%.Dec '23: Promoters 52.7%, FIIs 8.8%, DIIs 10.2%, Public 28.3%.Mar '24: Promoters 52.7%, FIIs 9.3%, DIIs 10.0%, Public 27.9%.Jun '24: Promoters 53.0%, FIIs 9.6%, DIIs 10.4%, Public 27.1%.Sep '24: Promoters 53.0%, FIIs 9.8%, DIIs 10.4%, Public 26.7%.Dec '24: Promoters 53.0%, FIIs 10.2%, DIIs 10.4%, Public 26.5%.Mar '25: Promoters 53.0%, FIIs 9.8%, DIIs 11.0%, Public 26.2%.Jun '25: Promoters 53.0%, FIIs 9.9%, DIIs 11.0%, Public 26.1%.Sep '25: Promoters 53.0%, FIIs 10.1%, DIIs 11.0%, Public 26.0%.Dec '25: Promoters 53.4%, FIIs 9.1%, DIIs 10.4%, Public 27.1%.Mar '26: Promoters 53.4%, FIIs 9.1%, DIIs 10.3%, Public 27.2%.Jun '26: Promoters 54.3%, FIIs 8.7%, DIIs 10.1%, Public 27.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Garware Capital Markets Limited +0.30 pp 18.64% held
- Vayu Ramesh Garware +0.11 pp 6.31% held
- SukukarHoldings and Trading Co P Ltd Partner representing PartnershipFirm ie RameshTradingCo +0.08 pp 5.13% held
- VMIR Investment Private Limited +0.07 pp 4.70% held
- VRG Investments Private Limited +0.07 pp 4.51% held
- Gurukrupa Comtrade P Ltd Partner representing Partnership Firm ie Sunita Trading Co +0.07 pp 4.10% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Garware Technical Fibres Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Garware Capital Markets Limited | 18.64% | +0.30 pp |
| Vayu Ramesh Garware | 6.31% | +0.11 pp |
| Kotak Small Cap Fund Mutual fund | 5.69% | unchanged |
| SukukarHoldings and Trading Co P Ltd Partner representing PartnershipFirm ie RameshTradingCo | 5.13% | +0.08 pp |
| VMIR Investment Private Limited | 4.70% | +0.07 pp |
| VRG Investments Private Limited | 4.51% | +0.07 pp |
| Gurukrupa Comtrade P Ltd Partner representing Partnership Firm ie Sunita Trading Co | 4.10% | +0.07 pp |
| Vimlabai Garware Research Institute Private Limited | 2.84% | unchanged |
| Moonshine Investments and Trading Company Private Limited | 2.34% | unchanged |
| SBI Mnc Fund Mutual fund | 2.10% | −0.68 pp |
| Verdipapirfondet Odin Emerging Markets Global fund house | 1.92% | unchanged |
| Manmit Investments and Trading Company Private Limited | 1.45% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in GARFIBRES
Filings to Aug 2026
0 new, 1 added, 0 trimmed, 0 sold out — net +2.77 L shares (+11.5%).
- Held by funds
- ₹213 Cr
- 5 schemes
- Biggest holder
- SBI MNC Fund
- ₹130 Cr · 1.9% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI MNC Fund SBI Mutual Fund | ₹130 Cr | held | May '23 |
| HDFC Children's Fund HDFC Mutual Fund | ₹56 Cr | +2.77 L | May '26 |
| SBI Conservative Hybrid Fund SBI Mutual Fund | ₹17 Cr | held | Aug '24 |
| SBI Long Term Advantage Fund - Series V SBI Mutual Fund | ₹9 Cr | held | Nov '25 |
| SBI Children's Fund - Savings Plan (Erstwhile known as SBI Magnum Children's Benefit Fund-Svg P) SBI Mutual Fund | ₹1 Cr | held | Jan '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
1 added, 0 trimmed — net +2.77 L shares (+11.5%)
- Funds are sitting on
- +14%
- vs est. average cost
- Held by funds
- ₹213 Cr
- 5 schemes · ≈ 2.7% of the company
- Biggest holder
- SBI MNC Fund
- ₹130 Cr · 1.9% of that fund
- Longest holder
- SBI Children's Fund - Savings Plan (Erstwhile known as SBI Magnum Children's Benefit Fund-Svg P)
- 4y 8m · since Jan '22
Shares held by these funds +32%
Aug '23 26.95 L shares Jul '26
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