GARWARE HI-TECH FILMS LIMITED

BSE: GRWRHITECH500655ISIN INE291A01017

Industrials
Plastic Products - Industrial
BSE 1000

BSE listing

Share price

₹6,720.95+218.25 (+3.36%)

as of 18 Sep 2026

52W high: ₹7,987.20
52W low: ₹2,692.00
Off 52W high: -15.85%
1M return: -4.64%
3M return: -0.93%
6M return: +84.26%
1Y return: +100.34%
20D avg volume: 3,730
50 DMA: ₹7,020.22
200 DMA: ₹5,053.10

Key ratios Consolidated

Market cap: ₹15,614 Cr
Current price: ₹6,720.95
52W high / low: ₹7,987.20 / ₹2,692.00
Face value: ₹10.00
P/E: 40.26
P/B: —
EPS (TTM): ₹166.95
Book value / share: —
ROE: —
ROCE: 16.70%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-126.53 Cr
Interest cover: 55.42
Dividend yield: 0.18%
Dividend / share (TTM): ₹12.00
Payout: 7.19%
Cash conversion cycle: 45.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	633.08	596.69	458.74	569.69	494.99	547.94	466.37	620.58	474.47	446.58	453.62	397.11
	19.72	21.13	16.47	13.86	13.38	16.92	12.50	13.65	11.33	11.51	9.49	9.16
	476.34	475.43	402.10	463.16	398.04	456.03	397.86	496.11	368.28	380.02	390.15	345.61
	300.91	303.29	236.88	248.60	240.43	252.80	217.57	282.22	229.07	214.41	227.95	207.61
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	52.78	50.30	48.82	46.90	48.44	49.27	45.11	43.16	40.63	37.21	37.19	32.97
	2.45	2.19	1.86	2.10	2.05	2.18	2.41	2.16	2.03	1.92	1.88	3.65
	12.81	11.99	11.76	10.81	10.57	10.36	10.25	10.20	10.42	9.71	9.75	9.72
	154.24	143.10	127.74	133.20	130.70	131.59	91.19	98.26	92.92	92.62	83.72	80.54
	176.46	142.39	73.11	120.39	110.33	108.83	81.01	138.12	117.52	78.07	72.96	60.66
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	176.46	142.39	73.11	120.39	110.33	108.83	81.01	138.12	117.52	78.07	72.96	60.66
	43.81	34.18	17.34	29.16	27.31	31.03	20.20	33.86	29.17	20.26	17.08	14.75
	132.65	108.21	55.77	91.23	83.02	77.80	60.81	104.26	88.35	57.81	55.88	45.91
	57.10	46.58	24.01	39.27	35.73	33.49	26.17	44.88	38.03	24.88	24.05	19.76
Key metrics
	191.72	156.57	86.73	133.30	122.95	121.37	93.67	150.48	129.97	89.70	84.59	74.03
	30.30%	26.20%	18.90%	23.40%	24.80%	22.20%	20.10%	24.20%	27.40%	20.10%	18.60%	18.60%
	21.00%	18.10%	12.20%	16.00%	16.80%	14.20%	13.00%	16.80%	18.60%	12.90%	12.30%	11.60%
	—	5.30%	—	4.80%	—	4.60%	—	—	—	—	—	—
	27.90%	8.90%	-1.60%	-8.20%	4.30%	22.70%	2.80%	56.30%	—	—	—	—
	59.80%	39.10%	-8.30%	-12.50%	-6.00%	34.60%	8.80%	127.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	2,258	2,120	2,109	1,677	1,438	1,303	989.03	924.83	947.89	841.99
	71.18	64.84	54.40	39.06	42.16	39.43	15.64	11.82	9.01	5.21
	1,817	1,739	1,718	1,446	1,260	1,111	814.59	801.93	837.02	797.37
	1,090	1,029	981.66	821.40	648.36	597.71	366.46	395.75	441.63	395.97
	0.00	0.00	0.00	—	—	—	—	—	—	—
	198.80	194.46	178.17	142.67	121.87	122.85	107.59	93.60	80.14	—
	8.60	8.20	8.78	11.78	16.99	18.24	19.59	18.46	19.34	25.03
	47.37	45.13	41.23	39.02	32.41	28.19	23.98	20.29	13.85	13.63
	558.28	534.74	516.38	328.17	298.20	306.92	228.99	202.43	195.83	181.94
	512.35	446.22	445.48	270.25	219.95	231.06	190.08	134.72	119.88	49.83
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	512.35	446.22	445.48	270.25	219.95	231.06	190.08	134.72	119.88	49.83
	124.49	107.99	114.26	66.96	53.81	63.88	64.13	48.70	38.23	16.71
	387.86	338.23	331.22	203.29	166.14	167.18	125.95	86.02	81.65	33.12
	166.96	145.59	142.57	87.50	71.51	71.96	54.21	37.03	35.14	—
Key metrics
	568.32	499.55	495.49	321.05	269.35	277.49	233.65	173.47	153.07	88.49
	25.17%	23.60%	23.50%	19.10%	18.70%	21.30%	23.60%	18.80%	16.10%	10.50%
	17.18%	16.00%	15.70%	12.10%	11.60%	12.80%	12.70%	9.30%	8.60%	3.90%
	—	16.70%	18.70%	—	—	—	—	—	—	—
	—	0.50%	25.80%	16.60%	10.40%	31.70%	6.90%	-2.40%	12.60%	—
	—	2.10%	62.90%	22.40%	-0.60%	32.70%	46.40%	5.40%	146.50%	—
	—	113.92	271.12	—	—	—	—	—	—	—
	—	0.81	1.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-126.53	-110.50	—	—	—	—	—	—	—
	—	45.0	35.2	—	—	—	—	—	—	—
Balance sheet
	—	3,011	2,682	—	—	—	—	—	—	—
	—	1,295	1,053	—	—	—	—	—	—	—
	—	126.53	110.50	—	—	—	—	—	—	—
	—	53.08	42.00	—	—	—	—	—	—	—
	—	389.25	309.36	—	—	—	—	—	—	—
	—	78.57	46.41	—	—	—	—	—	—	—
	—	1,575	1,442	—	—	—	—	—	—	—
	—	180.83	147.72	—	—	—	—	—	—	—
	—	292.39	247.09	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	2,656	2,372	—	—	—	—	—	—	—
Cash flow
	—	275.33	329.72	—	—	—	—	—	—	—
	—	-208.16	-274.50	—	—	—	—	—	—	—
	—	-59.55	-52.05	—	—	—	—	—	—	—
	—	161.41	58.60	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	584.14	532.07	451.03	511.82	452.64	515.67	441.83	588.83	449.12	439.10	432.53	384.66
	16.00	22.54	17.10	42.85	14.10	15.42	19.27	13.42	28.08	11.21	9.04	8.79
	431.99	421.66	397.69	422.76	367.63	427.99	375.70	475.71	344.73	373.45	374.27	335.82
	271.93	249.87	219.94	221.87	226.17	240.46	207.33	269.19	217.80	206.30	219.84	202.03
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	43.69	41.36	40.52	38.50	39.93	39.75	38.03	36.96	34.69	30.86	30.70	27.34
	1.51	1.52	1.27	1.27	1.29	1.60	1.87	1.55	1.45	1.47	1.50	3.24
	12.50	11.69	11.45	10.51	10.30	10.12	10.03	9.98	10.21	9.49	9.53	9.51
	145.91	136.46	120.98	127.03	123.79	128.02	84.92	93.24	88.24	89.33	78.91	76.32
	168.15	132.95	70.44	131.91	99.11	103.10	85.40	126.54	132.47	76.86	67.30	57.63
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	168.15	132.95	70.44	131.91	99.11	103.10	85.40	126.54	132.47	76.86	67.30	57.63
	41.57	32.81	16.96	25.39	24.52	29.47	19.87	30.81	28.44	18.81	16.65	14.01
	126.58	100.14	53.48	106.52	74.59	73.63	65.53	95.73	104.03	58.05	50.65	43.62
	54.49	43.10	23.02	45.85	32.11	31.69	28.21	41.21	44.78	24.99	21.80	18.78
Key metrics
	182.16	146.16	83.16	143.69	110.70	114.82	97.30	138.07	144.13	87.82	78.33	70.38
	31.20%	27.50%	18.40%	28.10%	24.50%	22.30%	22.00%	23.40%	32.10%	20.00%	18.10%	18.30%
	21.70%	18.80%	11.90%	20.80%	16.50%	14.30%	14.80%	16.30%	23.20%	13.20%	11.70%	11.30%
	—	5.10%	—	5.30%	—	4.40%	—	—	—	—	—	—
	29.10%	3.20%	2.10%	-13.10%	0.80%	17.40%	2.20%	53.10%	—	—	—	—
	69.70%	36.00%	-18.40%	11.30%	-28.30%	26.80%	29.40%	119.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	2,079	1,948	1,995	1,582	1,311	1,264	960.38	877.31	922.69	831.90
	98.49	96.59	76.19	38.72	40.37	39.55	15.63	25.01	8.94	5.18
	1,674	1,610	1,624	1,380	1,156	1,081	795.48	772.05	821.93	786.25
	963.61	917.85	934.78	792.86	602.76	569.24	348.22	383.60	438.12	392.50
	0.00	0.00	0.00	—	—	—	—	—	—	—
	164.07	160.31	149.43	118.18	100.17	104.24	96.60	84.02	73.65	68.44
	5.57	5.35	6.47	10.10	15.31	17.15	18.37	17.71	18.65	24.44
	46.15	43.95	40.34	38.16	31.69	28.07	23.84	20.15	13.67	13.41
	530.38	508.26	496.81	311.97	281.83	294.96	221.28	194.58	192.00	178.25
	503.45	434.41	447.51	239.93	195.64	222.59	180.53	130.27	109.70	50.83
	0.00	0.00	0.00	—	—	—	—	—	—	—
	503.45	434.41	447.51	239.93	195.64	222.59	180.53	130.27	109.70	50.83
	116.73	99.68	108.59	59.00	48.04	62.38	61.83	43.33	35.37	17.07
	386.72	334.73	338.92	180.93	147.60	160.21	118.70	86.94	74.33	33.76
	166.46	144.08	145.88	77.88	63.53	68.96	51.09	37.42	32.00	—
Key metrics
	555.17	483.71	494.32	288.19	242.64	267.81	222.74	168.13	142.02	88.68
	26.70%	24.80%	24.80%	18.20%	18.50%	21.20%	23.20%	19.20%	15.40%	10.70%
	18.60%	17.20%	17.00%	11.40%	11.30%	12.70%	12.40%	9.90%	8.10%	4.10%
	—	16.50%	19.10%	—	—	—	—	—	—	—
	—	-2.40%	26.20%	20.60%	3.70%	31.60%	9.50%	-4.90%	10.90%	—
	—	-1.20%	87.30%	22.60%	-7.90%	35.00%	36.50%	17.00%	120.20%	—
	—	101.23	247.89	—	—	—	—	—	—	—
	—	0.78	0.90	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-45.14	-19.36	—	—	—	—	—	—	—
	—	56.7	46.2	—	—	—	—	—	—	—
Balance sheet
	—	2,933	2,620	—	—	—	—	—	—	—
	—	1,221	994.37	—	—	—	—	—	—	—
	—	45.14	19.36	—	—	—	—	—	—	—
	—	194.29	142.11	—	—	—	—	—	—	—
	—	288.99	256.61	—	—	—	—	—	—	—
	—	44.63	31.44	—	—	—	—	—	—	—
	—	1,571	1,437	—	—	—	—	—	—	—
	—	180.87	145.93	—	—	—	—	—	—	—
	—	273.16	237.86	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	2,587	2,311	—	—	—	—	—	—	—
Cash flow
	—	262.29	306.44	—	—	—	—	—	—	—
	—	-180.67	-253.02	—	—	—	—	—	—	—
	—	-55.84	-49.04	—	—	—	—	—	—	—
	—	161.06	58.55	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +14.10%
Sales CAGR 5Y: +15.19%
Sales CAGR 10Y: —
Profit CAGR 3Y: +31.38%
Profit CAGR 5Y: +23.04%
Profit CAGR 10Y: —
Sales YoY (TTM): +4.01%
Profit YoY (TTM): +24.96%

Consolidated

Sales CAGR 3Y: +13.81%
Sales CAGR 5Y: +16.47%
Sales CAGR 10Y: —
Profit CAGR 3Y: +26.74%
Profit CAGR 5Y: +21.84%
Profit CAGR 10Y: —
Sales YoY (TTM): +6.02%
Profit YoY (TTM): +19.02%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 60.72%

Holder	Type	Holding	Previous	Change
S B GARWARE FAMILY TRUST	Promoter Group	38.17%	—	—
B.D.Garware Research Centre Private Limited	Promoter Group	5.35%	—	—
Shashikant Bhalchandra Garware	Promoter	5.01%	—	—
MONIKA GARWARE BENEFIT TRUST	Promoter Group	2.47%	—	—
SARITA GARWARE BENEFIT TRUST	Promoter Group	2.47%	—	—
Great View Real Estates Private Limited	Promoter Group	2.02%	—	—
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs	Public	1.82%	—	—
Lic Mf Multi Cap Fund	Public	1.69%	—	—
Sonia Shashikant Garware	Promoter	1.16%	—	—
Sarita Garware Ramsay	Promoter	1.15%	—	—
Monika Garware	Promoter	1.15%	—	—
Jm Financial Mutual Fund - Jm Flexicap Fund	Public	1.12%	—	—
Motilal Oswal Long Term Equity Fund	Public	1.01%	—	—
Garware Industriees Private Limited	Promoter Group	1.01%	—	—
Sheela Shashikant Garware	Promoter	0.76%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Newspaper Publication containing information w.r.t. Notice of 69th AGM and e-Voting1 Sep 2026 · Company Update / Newspaper Publication
Record Date31 Aug 2026 · Corp. Action / Record Date
Business Responsibility and Sustainability Report (BRSR) for Financial Year 2025-2631 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for FY 2025-2631 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 69th Annual General Meeting of the Company to be held on September 23, 202631 Aug 2026 · AGM/EGM / AGM
Newspaper Publication regarding Tax Deduction at Source/ Withholding Tax on Dividend pertaining to FY 2025-2627 Aug 2026 · Company Update / Newspaper Publication
Communication to Shareholders - Intimation on Tax Deduction on Dividend26 Aug 2026 · Company Update / General
Intimation to the shareholders holding shares in physical mode, to furnish KYC details14 Aug 2026 · Company Update / General
Intimation of Institutional Investor Meet14 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation of Transcript11 Aug 2026 · Company Update / Earnings Call Transcript
Newspaper Publication7 Aug 2026 · Company Update / Newspaper Publication
Intimation about Audio Link for Earning Conference Call on Un-Audited Financial Results7 Aug 2026 · Company Update / Analyst / Investor Meet
Appointment of Interim Chief Financial Officer of the Company with effect from August 06, 20266 Aug 2026 · Company Update / Change in Management
Fixed the Record date for the purpose of Dividend and Annual General Meeting as on September 16, 20266 Aug 2026 · Corp. Action / Record Date
Annual General Meeting of the Company will be held on September 23, 2026 at 11:30 a.m. at Registered Office of the Company6 Aug 2026 · Company Update / General
Investor Presentation on Un-Audited Financial Results for the Quarter Ended June 30, 20266 Aug 2026 · Company Update / Investor Presentation
Press Release on Un-Audited Financial Results for the Quarter Ended June 30, 20266 Aug 2026 · Company Update / Press Release / Media Release
Unaudited Financial Results for the Quarter Ended June 30, 20266 Aug 2026 · Result / Financial Results
Outcome of Board Meeting along with Financial Results for the quarter ended June 30, 20266 Aug 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Copy of Newspaper Publication for Loss of Share Certificates of a Shareholder4 Aug 2026 · Company Update / Newspaper Publication
Intimation of Earnings Conference Call on Unaudited Financial Results / Business Performance of the Company for the Quarter Ended June 30, 20263 Aug 2026 · Company Update / Analyst / Investor Meet
Garware Hi-Tech Films Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2026 ,inter alia, to consider and approve Unaudited Financial Results ....31 Jul 2026 · Board Meeting / Board Meeting
Intimation under regulation 30 - Notice to Shareholders for unclaimed dividend30 Jul 2026 · Company Update / Newspaper Publication
Intimation under regulation 30 SEBI (LODR) 201528 Jul 2026 · Company Update / General
Intimation regarding Newspaper Publication for Special Window for Transfer and Dematerialization of Physical Shares20 Jul 2026 · Company Update / Newspaper Publication
Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 201810 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of demise of Mrs. Sarita Garware Ramsay (DIN: 00136048), Joint Managing Director of the Company10 Jul 2026 · Company Update / Demise
Intimation of Credit Rating7 Jul 2026 · Company Update / Credit Rating
Intimation of Credit Rating1 Jul 2026 · Company Update / Credit Rating
Closure of Trading Window24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Cessation of Ms. Devanshi H. Nanavati as Non-Executive Independent Director of the Company w.e.f. June 24, 2026 on completion of second term.24 Jun 2026 · Company Update / Change in Directorate
Appointment of Ms. Sonali Rajesh Mehta as Non-Executive Independent Director of the Company24 Jun 2026 · Company Update / Change in Directorate
Re-appointment of Ms. Monika Garware as a Vice-Chairperson and Jt. Managing Director of the Company24 Jun 2026 · Company Update / Change in Directorate
Voting Results along with Scrutinizer''s Report24 Jun 2026 · AGM/EGM / Postal Ballot
Scrutinizer''s Report along with voting results.24 Jun 2026 · AGM/EGM / Postal Ballot
Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015.16 Jun 2026 · Company Update / General
Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 about Schedule of meet9 Jun 2026 · Company Update / Analyst / Investor Meet
Copy of Newspaper Publication regarding the information of Postal Ballot Notice including remote e-voting process.23 May 2026 · Company Update / Newspaper Publication
Notice of Postal Ballot22 May 2026 · AGM/EGM / Postal Ballot
Incorporation of Wholly Owned Subsidiary21 May 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 12.0000	16 Sep 2026	16 Sep 2026	—
Final Dividend - Rs. - 12.0000	17 Sep 2025	17 Sep 2025	—
Dividend - Rs. - 10.0000	17 Sep 2024	17 Sep 2024	—

Board meetings

6 Aug 2026 Board Meeting - Financial Results