Garware Technical Fibres Limited (GARFIBRES) AI Stock Analysis

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Garware Technical Fibres Limited

(NSE:GARFIBRES)

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Rating:74Outperform

Price Target:INR 806.00▲(12.03% Upside)

Action:reiterated

Date:09/20/26

Strong financial performance with solid profitability and balance sheet stability is the primary driver, reinforced by bullish technical trends, while high valuation metrics temper the score.

Positive Factors

Very Low LeverageThe very low debt burden gives Garware Technical Fibres substantial financial flexibility to withstand operating volatility, fund investments, and pursue growth without relying heavily on external financing. Expanding equity and strong returns on equity further reinforce balance-sheet resilience over the coming quarters.

Negative Factors

Margin CompressionBroad-based margin contraction suggests that recent profitability has become less favorable across the income statement rather than being isolated to one measure. If sustained, lower margins could reduce earnings growth, constrain internal funding for expansion, and weaken the operating benefits of the company’s revenue scale.

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

Market Cap: INR 70.74B
Dividend Yield: 1.24%
Average Volume (3M): 9,400
Price to Earnings (P/E): 30.0
Beta (1Y): 0.86
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...

Garware Technical Fibres Limited Financial Statement Overview

Summary

Strong profitability with net margins above 13% and robust balance sheet with low debt-to-equity, supported by steady revenue growth, though minor cash flow variability noted.

Income Statement

82Very Positive

Balance Sheet

88Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	17.59B	15.29B	15.40B	13.26B	13.06B	11.77B
Gross Profit	9.02B	6.55B	11.06B	8.70B	7.97B	7.32B
EBITDA	3.46B	2.84B	3.57B	3.15B	2.57B	2.48B
Net Income	2.37B	1.99B	2.32B	2.08B	1.72B	1.65B
Balance Sheet
Total Assets	19.71B	18.79B	17.57B	17.71B	14.93B	14.15B
Cash, Cash Equivalents and Short-Term Investments	3.51B	4.20B	1.77B	3.10B	554.59M	2.18B
Total Debt	559.19M	428.15M	648.62M	1.23B	1.34B	795.73M
Total Liabilities	5.64B	5.24B	5.15B	5.37B	4.77B	4.44B
Stockholders Equity	14.06B	13.54B	12.42B	12.34B	10.16B	9.71B
Cash Flow
Free Cash Flow	0	962.35M	1.51B	1.76B	1.60B	491.38M
Operating Cash Flow	0	1.53B	1.95B	2.19B	1.89B	638.46M
Investing Cash Flow	0	597.42M	-27.84M	-726.63M	-1.02B	78.62M
Financing Cash Flow	0	-1.39B	-3.31B	-385.15M	-851.06M	-379.69M

Garware Technical Fibres Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price719.45

Price Trends

50DMA771.39Negative

100DMA765.85Negative

200DMA703.99Positive

Market Momentum

MACD-11.51Positive

RSI39.79Neutral

STOCH19.00Positive

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 719.45 is below the 20-day moving average (MA) of 743.96, below the 50-day MA of 771.39, and above the 200-day MA of 703.99, indicating a neutral trend. The MACD of -11.51 indicates Positive momentum. The RSI at 39.79 is Neutral, neither overbought nor oversold. The STOCH value of 19.00 is Positive, 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 392.74B	37.82	―	0.43%	6.43%	24.09%
IN:GARFIBRES	74Outperform	INR 71.59B	29.98	―	1.24%	17.37%	16.78%
IN:CENTENKA	69Neutral	INR 10.38B	7.21	―	2.33%	14.88%	145.16%
IN:WELSPUNLIV	62Neutral	INR 241.76B	54.28	―	0.04%	5.02%	23.13%
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	719.45	-9.40	-1.29%
IN:ALPSINDUS	Alps Industries Limited	3.44	1.39	67.80%
IN:CENTENKA	Century Enka Limited	472.25	22.90	5.10%
IN:KPRMILL	K.P.R. Mill Limited	1152.20	78.90	7.35%
IN:WELSPUNLIV	Welspun Living Limited	247.60	109.33	79.08%
IN:WINSOME	Winsome Yarns Ltd	2.34	-657.66	-99.65%

Garware Technical Fibres Limited Corporate Events

Garware Technical Fibres Posts Strong Unaudited Half-Year Profits

Oct 30, 2026

Garware Technical Fibres Limited has published an extract of its unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, in line with Securities and Exchange Board of India listing and disclosure...

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 circul...

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