Garware Technical Fibres Limited (GARFIBRES) AI Stock Analysis

Garware Technical Fibres Limited

(NSE:GARFIBRES)

Select Model

Rating:71Outperform

Price Target:INR 798.00▲(7.58% Upside)

Action:reiterated

Date:09/20/26

The score is driven primarily by solid financial strength led by a very strong, low-leverage balance sheet, partially offset by 2026 margin compression and weakening cash-flow momentum. Technicals are supportive with price above key moving averages and neutral-to-positive momentum. Valuation is the main drag due to a high P/E and only a modest dividend yield.

Positive Factors

Conservative Balance SheetVery low leverage gives Garware substantial financial flexibility to fund operations, absorb industry volatility, and pursue investment without excessive borrowing. Continued equity expansion also strengthens downside protection and supports the company’s ability to sustain its business through changing demand conditions.

Negative Factors

Margin CompressionMeaningful margin deterioration reduces the earnings produced from each unit of revenue and can weaken the company’s ability to reinvest in product development, capacity and market expansion. If sustained, lower profitability would reduce the benefits of its otherwise strong operating franchise.

Garware Technical Fibres Limited (GARFIBRES) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 72.78B
Dividend Yield: 1.20%
Average Volume (3M): 9,903
Price to Earnings (P/E): 31.1
Beta (1Y): 1.15
Revenue Growth: 17.37%
EPS Growth: 16.78%
Country: India
Employees: 1,188
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

Garware Technical Fibres Limited Business Overview & Revenue Model

Company Description

Garware Technical Fibres Limited, founded in 1976 and headquartered in Pune, India, is a global producer and supplier of an extensive array of technical textile solutions. The company's operations are strategically divided into two principal segments...

How the Company Makes Money

Garware Technical Fibres makes money primarily by manufacturing and selling technical textile and cordage products to customers in marine and industrial end markets. Revenue is generated through (1) product sales of ropes and twines used in shipping,...

Garware Technical Fibres Limited Financial Statement Overview

Summary

Strong overall financial quality supported by an excellent, low-debt balance sheet (very low leverage and expanding equity). Key offsets are 2026 margin compression and a year-over-year earnings decline, alongside weaker cash conversion and sharply negative free-cash-flow growth in 2026.

Income Statement

74Positive

Balance Sheet

90Very Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	16.44B	15.29B	15.40B	13.26B	13.06B	11.77B
Gross Profit	8.37B	6.55B	11.06B	8.70B	7.97B	7.32B
EBITDA	3.15B	2.84B	3.57B	3.15B	2.57B	2.48B
Net Income	2.10B	1.99B	2.32B	2.08B	1.72B	1.65B
Balance Sheet
Total Assets	0	18.79B	17.57B	17.71B	14.93B	14.15B
Cash, Cash Equivalents and Short-Term Investments	4.20B	4.20B	1.77B	3.10B	554.59M	2.18B
Total Debt	0	428.15M	648.62M	1.23B	1.34B	795.73M
Total Liabilities	-13.54B	5.24B	5.15B	5.37B	4.77B	4.44B
Stockholders Equity	13.54B	13.54B	12.42B	12.34B	10.16B	9.71B
Cash Flow
Free Cash Flow	-188.26M	962.35M	1.51B	1.76B	1.60B	491.38M
Operating Cash Flow	61.40M	1.53B	1.95B	2.19B	1.89B	638.46M
Investing Cash Flow	87.59M	597.42M	-27.84M	-726.63M	-1.02B	78.62M
Financing Cash Flow	230.23M	-1.39B	-3.31B	-385.15M	-851.06M	-379.69M

Garware Technical Fibres Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price741.75

Price Trends

50DMA780.25Negative

100DMA762.22Negative

200DMA700.51Positive

Market Momentum

MACD-9.44Positive

RSI42.84Neutral

STOCH53.19Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GARFIBRES, the sentiment is Negative. The current price of 741.75 is below the 20-day moving average (MA) of 757.74, below the 50-day MA of 780.25, and above the 200-day MA of 700.51, indicating a neutral trend. The MACD of -9.44 indicates Positive momentum. The RSI at 42.84 is Neutral, neither overbought nor oversold. The STOCH value of 53.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GARFIBRES.

Garware Technical Fibres Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GARFIBRES against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KPRMILL	76Outperform	INR 381.12B	36.66	―	0.45%	6.43%	24.09%
IN:GARFIBRES	71Outperform	INR 72.43B	31.07	―	1.20%	17.37%	16.78%
IN:WELSPUNLIV	68Neutral	INR 207.09B	75.75	―	0.05%	5.02%	23.13%
IN:CENTENKA	63Neutral	INR 9.97B	6.94	―	2.41%	14.88%	145.16%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:WINSOME	47Neutral	INR 165.45M	-0.09	―	―	-98.74%	20.85%
IN:ALPSINDUS	42Neutral	INR 134.55M	-0.05	―	―	―	―

* General Sector Average

Performance Comparison

IN:GARFIBRES and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GARFIBRES	Garware Technical Fibres Limited	741.75	-10.67	-1.42%
IN:ALPSINDUS	Alps Industries Limited	3.44	1.37	66.18%
IN:CENTENKA	Century Enka Limited	456.40	-1.49	-0.32%
IN:KPRMILL	K.P.R. Mill Limited	1115.00	43.69	4.08%
IN:WELSPUNLIV	Welspun Living Limited	219.20	87.83	66.86%
IN:WINSOME	Winsome Yarns Ltd	2.34	-660.99	-99.65%

Garware Technical Fibres Limited Corporate Events

Garware Technical Fibres to Close Trading Window Ahead of Q2 FY2026 Results

Sep 25, 2026

Garware Technical Fibres Limited has announced the closure of its trading window starting October 1, 2026, in line with its Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015. The restriction applies to designated persons and...

Garware Technical Fibres Sets Virtual AGM and Record Date for Dividend

Aug 18, 2026

Garware Technical Fibres Limited has announced that its forty-ninth Annual General Meeting for the financial year 2025–26 will be conducted without a physical venue, using video conferencing and other audio-visual means in line with regulatory...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 20, 2026

Garware Technical Fibres Limited AI Stock Analysis