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    Garware Hi-Tech Films Limited

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

    Capital Goods
    Industrials
    View GRWRHITECH earnings calls
    ₹6,970.5
    +13.11% from avg

    Overview

    Price

    ₹6,970.5

    Market Cap

    ₹16.6k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2323232323232323
    Reserves1.4k1.5k1.7k1.8k2.0k2.3k2.5k2.6k
    Borrowings147138182141001816
    Other Liabilities128167240218279310307339
    Total Liabilities1.7k1.9k2.1k2.2k2.3k2.7k2.8k3.0k
    AssetsFixed Assets1.3k1.3k1.3k1.5k1.4k1.4k1.5k1.6k
    CWIP201196102392426
    Investments116226274393363643685698
    Other Assets264302423344508557594710
    Total Assets1.7k1.9k2.1k2.2k2.3k2.7k2.8k3.0k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating14199199172218172330275
    Cash from Investing-101-44-126-141-16846-275-208
    Cash from Financing-49-64-366-89-169-52-60
    SummaryCapital Expenditure
    Free Cash Flow1154513964152156276114
    FCF Margin

    Valuation

    Assumptions

    Current — GRWRHITECH
    Price
    ₹6,971
    EPS (TTM)
    ₹145.59
    PE (TTM)
    47.9
    Profit growth
    26.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (22.1×) and current (47.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹6,971
    vs
    Fair value · 15% return
    ₹4,849
    30%Overvalued

    At 26.7% growth and a 22× exit, ₹6971 only delivers your return if you pay ₹4,849. The price is currently baking in 35% growth.

    EPS grows 26.7%/yr for 5 years, then fades to 6% over 2, exits at 22×.

    YearGrowthEPS (₹)
    FY2726.7%184.46
    FY2826.7%233.71
    FY2926.7%296.12
    FY3026.7%375.18
    FY3126.7%475.35
    FY3216.4% ·fade553.07
    FY336.0% ·fade586.26

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Garware Hi-Tech Films Limited

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