Garware Technical Fibres Limited
Garware Technical Fibres Limited manufactures and sells various technical textile products in India and internationally. It operates through Synthetic Cordage and Fibre and Industrial Products and Projects segments. The company provides smolt and grow out cages, predator cages, mooring and vertical ropes, and lice shields; bottom and pelagic trawling, purse seine, gill and dol netting, and crab/l… Read more
Garware Technical Fibres Limited (GARFIBRES) - Net Assets
Latest net assets as of September 2025: ₹12.98 Billion INR
Based on the latest financial reports, Garware Technical Fibres Limited (GARFIBRES) has net assets worth ₹12.98 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹18.77 Billion) and total liabilities (₹5.79 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹12.98 Billion |
| % of Total Assets | 69.16% |
| Annual Growth Rate | 12.32% |
| 5-Year Change | 53.07% |
| 10-Year Change | 450.13% |
| Growth Volatility | 22.4 |
Garware Technical Fibres Limited - Net Assets Trend (2006–2025)
This chart illustrates how Garware Technical Fibres Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Garware Technical Fibres Limited (2006–2025)
The table below shows the annual net assets of Garware Technical Fibres Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹12.42 Billion | +0.62% |
| 2024-03-31 | ₹12.34 Billion | +21.40% |
| 2023-03-31 | ₹10.16 Billion | +4.72% |
| 2022-03-31 | ₹9.71 Billion | +19.66% |
| 2021-03-31 | ₹8.11 Billion | +9.74% |
| 2020-03-31 | ₹7.39 Billion | +13.65% |
| 2019-03-31 | ₹6.50 Billion | +22.02% |
| 2018-03-31 | ₹5.33 Billion | +19.42% |
| 2017-03-31 | ₹4.46 Billion | +97.77% |
| 2016-03-31 | ₹2.26 Billion | -27.35% |
| 2015-03-31 | ₹3.11 Billion | +12.77% |
| 2014-03-31 | ₹2.75 Billion | +3.11% |
| 2013-03-31 | ₹2.67 Billion | +6.69% |
| 2012-03-31 | ₹2.50 Billion | +6.68% |
| 2011-03-31 | ₹2.35 Billion | +8.07% |
| 2010-03-31 | ₹2.17 Billion | +6.07% |
| 2009-03-31 | ₹2.05 Billion | +11.55% |
| 2008-03-31 | ₹1.84 Billion | +14.90% |
| 2007-03-31 | ₹1.60 Billion | +16.92% |
| 2006-03-31 | ₹1.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Garware Technical Fibres Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 956515900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹9.57 Billion | 77.04% |
| Common Stock | ₹992.66 Million | 8.00% |
| Other Comprehensive Income | ₹1.85 Billion | 14.88% |
| Other Components | ₹10.27 Million | 0.08% |
| Total Equity | ₹12.42 Billion | 100.00% |
Garware Technical Fibres Limited Competitors by Market Cap
The table below lists competitors of Garware Technical Fibres Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oneconnect Financial Technology Co
NYSE:OCFT
|
$308.62 Million |
|
Kenmare Resources plc
PINK:KMRPF
|
$308.63 Million |
|
Shandong Rike Chemical
SHE:300214
|
$308.68 Million |
|
Dahu Aquaculture Co Ltd
SHG:600257
|
$308.71 Million |
|
Xinjiang Ba Yi Iron & Steel Co Ltd
SHG:600581
|
$308.15 Million |
|
Shenzhen AV-Display Co. Ltd.
SHE:300939
|
$308.13 Million |
|
Cia de Ferro Ligas da Bahia - FERBASA
SA:FESA3
|
$308.12 Million |
|
Zhejiang Tieliu Clutch Co Ltd
SHG:603926
|
$308.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Garware Technical Fibres Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,338,622,000 to 12,415,676,000, a change of 77,054,000 (0.6%).
- Net income of 2,315,475,000 contributed positively to equity growth.
- Dividend payments of 59,560,000 reduced retained earnings.
- Share repurchases of 2,450,619,000 reduced equity.
- Other comprehensive income decreased equity by 515,759,000.
- Other factors increased equity by 787,517,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹2.32 Billion | +18.65% |
| Dividends Paid | ₹59.56 Million | -0.48% |
| Share Repurchases | ₹2.45 Billion | -19.74% |
| Other Comprehensive Income | ₹-515.76 Million | -4.15% |
| Other Changes | ₹787.52 Million | +6.34% |
| Total Change | ₹- | 0.62% |
Book Value vs Market Value Analysis
This analysis compares Garware Technical Fibres Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.94x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.00x to 4.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹68.45 | ₹616.10 | x |
| 2007-03-31 | ₹79.62 | ₹616.10 | x |
| 2008-03-31 | ₹81.55 | ₹616.10 | x |
| 2009-03-31 | ₹86.85 | ₹616.10 | x |
| 2010-03-31 | ₹91.62 | ₹616.10 | x |
| 2011-03-31 | ₹99.02 | ₹616.10 | x |
| 2012-03-31 | ₹105.63 | ₹616.10 | x |
| 2013-03-31 | ₹112.74 | ₹616.10 | x |
| 2014-03-31 | ₹117.79 | ₹616.10 | x |
| 2015-03-31 | ₹142.01 | ₹616.10 | x |
| 2016-03-31 | ₹167.01 | ₹616.10 | x |
| 2017-03-31 | ₹205.64 | ₹616.10 | x |
| 2018-03-31 | ₹245.31 | ₹616.10 | x |
| 2019-03-31 | ₹297.21 | ₹616.10 | x |
| 2020-03-31 | ₹337.78 | ₹616.10 | x |
| 2021-03-31 | ₹393.41 | ₹616.10 | x |
| 2022-03-31 | ₹470.73 | ₹616.10 | x |
| 2023-03-31 | ₹495.87 | ₹616.10 | x |
| 2024-03-31 | ₹121.10 | ₹616.10 | x |
| 2025-03-31 | ₹124.71 | ₹616.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Garware Technical Fibres Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.65%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.03%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.41x
- Recent ROE (18.65%) is above the historical average (14.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 10.87% | 5.69% | 0.82x | 2.33x | ₹11.95 Million |
| 2007 | 13.91% | 6.63% | 0.92x | 2.28x | ₹62.49 Million |
| 2008 | 13.18% | 6.07% | 0.88x | 2.47x | ₹58.39 Million |
| 2009 | 7.91% | 3.70% | 0.99x | 2.16x | ₹-42.79 Million |
| 2010 | 8.92% | 4.32% | 0.94x | 2.20x | ₹-23.42 Million |
| 2011 | 10.41% | 4.90% | 0.94x | 2.25x | ₹9.58 Million |
| 2012 | 9.59% | 4.15% | 1.01x | 2.29x | ₹-10.37 Million |
| 2013 | 9.25% | 4.12% | 1.06x | 2.11x | ₹-20.00 Million |
| 2014 | 9.71% | 3.91% | 1.14x | 2.18x | ₹-7.92 Million |
| 2015 | 13.88% | 5.51% | 1.12x | 2.25x | ₹120.53 Million |
| 2016 | 16.94% | 7.51% | 1.23x | 1.84x | ₹253.58 Million |
| 2017 | 18.75% | 10.01% | 1.00x | 1.87x | ₹393.60 Million |
| 2018 | 19.59% | 11.92% | 0.90x | 1.83x | ₹514.94 Million |
| 2019 | 19.32% | 12.40% | 0.94x | 1.66x | ₹606.42 Million |
| 2020 | 19.01% | 14.87% | 0.79x | 1.61x | ₹666.18 Million |
| 2021 | 19.53% | 15.48% | 0.78x | 1.63x | ₹772.86 Million |
| 2022 | 16.98% | 14.00% | 0.83x | 1.46x | ₹677.22 Million |
| 2023 | 16.94% | 13.19% | 0.87x | 1.47x | ₹705.60 Million |
| 2024 | 16.87% | 15.70% | 0.75x | 1.44x | ₹847.94 Million |
| 2025 | 18.65% | 15.03% | 0.88x | 1.41x | ₹1.07 Billion |
Industry Comparison
This section compares Garware Technical Fibres Limited's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $-15,328,366,560
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Garware Technical Fibres Limited (GARFIBRES) | ₹12.98 Billion | 10.87% | 0.45x | $308.25 Million |
| Aarvee Denims & Exports Limited (AARVEEDEN) | $2.56 Billion | 0.07% | 2.01x | $18.42 Million |
| Akshar Spintex Limited (AKSHAR) | $362.57 Million | 3.43% | 1.02x | $3.77 Million |
| Alok Industries Limited (ALOKINDS) | $-206.30 Billion | 0.00% | 0.00x | $179.15 Million |
| Alps Industries Limited (ALPSINDUS) | $2.04 Billion | 0.00% | 5.49x | $155.37K |
| Ambika Cotton Mills Limited (AMBIKCO) | $5.65 Billion | 12.02% | 0.11x | $40.48 Million |
| Arvind Limited (ARVIND) | $34.04 Billion | 11.88% | 1.03x | $623.55 Million |
| Axita Cotton Limited (AXITA) | $362.65 Million | 42.51% | 2.00x | $21.73 Million |
| AYM Syntex Limited (AYMSYNTEX) | $789.26 Million | 14.66% | 2.84x | $26.36 Million |
| Banswara Syntex Limited (BANSWRAS) | $2.69 Billion | 3.12% | 2.99x | $11.94 Million |
| Bannari Amman Spinning Mills Limited (BASML) | $4.51 Billion | -4.87% | 1.72x | $6.49 Million |