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Garware Hi-Tech Films share price & results

Garware Hi-Tech Films Limited· Capital Goods· Industrials

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Fully integrated chips-to-film maker of sun-control, paint-protection and industrial specialty films, exported to 90+ countries.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue634 ₹ crore+23.8% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin23.0 %+3.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit140 ₹ crore+30.8% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity14.65 %−1.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin5.38 %−7.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)14.72 %−25.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

4 of 6 judged targets kept · 12 open · verdicts reflect calls analysed to Q1 FY27.

Garware Hi-Tech Films Limited management guidance track record on Inve: 18 targets tracked across analysed earnings calls (4 achieved, 2 missed, 12 open).

TargetOriginal wordingSaidLatest callVerdict
MENA Region Sales FY27$20 million to $22 million
Call transcript, Q4 FY26 · 7 May 2026		Q4 FY26Q1 FY27:No specific update on the $20-22 million sales target for the MENA region was provided in the Q1 FY27 call.
Call transcript, Q1 FY27 · 7 Aug 2026		Ghosted
TPU Extrusion Line CommissioningOctober 2026
Call transcript, Q3 FY25 · 10 Feb 2025		Q3 FY25Q1 FY27:The TPU project remains on track for commissioning during the third quarter of FY27.
Call transcript, Q1 FY27 · 7 Aug 2026		On Track
FY26 RevenueINR 2,500 crores
Call transcript, Q3 FY25 · 10 Feb 2025		Q3 FY25Q4 FY26:FY26 revenue reached INR 2,120 crores, meeting the revised guidance of 'around INR 2,100 crores plus'.
Call transcript, Q4 FY26 · 7 May 2026		Achieved*

Source: Inve Guidance Tracker for Garware Hi-Tech Films Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Garware Hi-Tech Films Limited's 18 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 15 more targets are in the full ledger.

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Price

₹6,977 −0.81% · −₹57

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +87.9% 1Y

₹3.0k₹4.0k₹5.0k₹6.0k₹7.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 2 Feb 2026Q4 FY26 — 7 May 2026Q1 FY27 — 7 Aug 2026Q2 FY27 — 23 Oct 2026

1Y: ₹3,714 on 24 Oct 2025 → ₹6,977. High ₹7,409.5 (5 Aug 2026), low ₹2,704.5 (21 Jan 2026).

Previous close
₹7,034
Market cap
₹16.2k Cr
52-week range
₹2,704.5 – ₹7,409.5
One year
+94.67%
Price to earnings (TTM to Sept 2026)
38.05×
Return on equity (TTM to Sept 2026)
14.65%

Overview

Symbol
NSE:GRWRHITECH
Industry
Industrials
Exchange
NSE
Currency
INR

What Garware Hi-Tech Films Limited does

Based on the company's own presentations, annual report and earnings calls.

Garware Hi-Tech Films is a fully vertically integrated specialty-films manufacturer that converts its own polyester chips into value-added films for automotive and architectural sun-control, automotive paint protection, safety glazing, and industrial applications such as shrink film, electrical/electronics insulation, release liners and packaging film. It sells through a global distribution network spanning over 90 countries, supported by dedicated architectural-films teams in the USA, Europe, India and the Middle East, and is expanding a direct-to-consumer footprint through Garware Application Studios and Garware Home Solutions. The company operates under two reporting divisions - Consumer Product Division and Industrial Product Division - and holds a portfolio of over 3,000 SKUs.

Segments

  • Consumer Product Division (CPD)
  • Industrial Product Division (IPD)
Manufacturing locations
2 state-of-the-art facilities with multiple production lines
Production lines
2 PPF lines, 2 SCF lines, 1 Metalizer line, 1 TPU line, plus ancillary lines
Installed capacity - Industrial Product Division (IPD)
42,000 MT per annum
Installed capacity - Sun Control Film (SCF)
4,200 LSF per annum
Installed capacity - Paint Protection Film (PPF)
600 LSF per annum
Installed capacity - polyester chips plant
66,000 MT per annum
Founded 1957Headquarters Garware House, 50-A, Swami Nityanand Marg, Vile Parle (East), Mumbai - 400 057 Company website

How the price took the results

close before → close after

Q2 FY27
+5.6%
23 Oct
Q1 FY27
−5.0%
7 Aug
Q4 FY26
+8.1%
7 May
Q3 FY26
+10.3%
2 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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