Garware Technical Fibres Limited (GARFIBRES) - Net Assets

Latest as of March 2026: Rs13.54 Billion INR ≈ $146.48 Million USD

Based on the latest financial reports, Garware Technical Fibres Limited (GARFIBRES) has net assets worth Rs13.54 Billion INR (≈ $146.48 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs18.79 Billion ≈ $203.18 Million USD) and total liabilities (Rs5.24 Billion ≈ $56.70 Million USD). 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. Check Garware Technical Fibres Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs13.54 Billion
% of Total Assets	72.09%
Annual Growth Rate	12.15%
5-Year Change	39.55%
10-Year Change	203.46%
Growth Volatility	21.86

Garware Technical Fibres Limited - Net Assets Trend (2006–2026)

This chart illustrates how Garware Technical Fibres Limited's net assets have evolved over time, based on quarterly financial data. See Garware Technical Fibres Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Garware Technical Fibres Limited (2006–2026)

The table below shows the annual net assets of Garware Technical Fibres Limited from 2006 to 2026. For live valuation and market cap data, see GARFIBRES market cap overview.

Year	Net Assets	Change
2026-03-31	Rs13.54 Billion ≈ $146.48 Million	+9.09%
2025-03-31	Rs12.42 Billion ≈ $134.27 Million	+0.62%
2024-03-31	Rs12.34 Billion ≈ $133.44 Million	+21.40%
2023-03-31	Rs10.16 Billion ≈ $109.92 Million	+4.72%
2022-03-31	Rs9.71 Billion ≈ $104.97 Million	+19.66%
2021-03-31	Rs8.11 Billion ≈ $87.72 Million	+9.74%
2020-03-31	Rs7.39 Billion ≈ $79.93 Million	+13.65%
2019-03-31	Rs6.50 Billion ≈ $70.33 Million	+22.02%
2018-03-31	Rs5.33 Billion ≈ $57.64 Million	+19.42%
2017-03-31	Rs4.46 Billion ≈ $48.27 Million	+97.77%
2016-03-31	Rs2.26 Billion ≈ $24.41 Million	-27.35%
2015-03-31	Rs3.11 Billion ≈ $33.60 Million	+12.77%
2014-03-31	Rs2.75 Billion ≈ $29.79 Million	+3.11%
2013-03-31	Rs2.67 Billion ≈ $28.89 Million	+6.69%
2012-03-31	Rs2.50 Billion ≈ $27.08 Million	+6.68%
2011-03-31	Rs2.35 Billion ≈ $25.39 Million	+8.07%
2010-03-31	Rs2.17 Billion ≈ $23.49 Million	+6.07%
2009-03-31	Rs2.05 Billion ≈ $22.15 Million	+11.55%
2008-03-31	Rs1.84 Billion ≈ $19.85 Million	+14.90%
2007-03-31	Rs1.60 Billion ≈ $17.28 Million	+16.92%
2006-03-31	Rs1.37 Billion ≈ $14.78 Million	--

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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs992.66 Million	7.33%
Other Components	Rs12.55 Billion	92.67%
Total Equity	Rs13.54 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
TTK Prestige Limited NSE:TTKPRESTIG	$822.51 Million
Sagicor Financial Company TO:SFC	$823.42 Million
Logwin AG XETRA:TGHN	$823.46 Million
Chongqing Pharscin Pharmaceutical Co Ltd SHE:002907	$823.73 Million
Shenzhen Comix Group Co Ltd SHE:002301	$822.23 Million
Guangdong Hotata Technology Group Co Ltd Class A SHG:603848	$822.03 Million
Nanfang Ventilator Co Ltd SHE:300004	$821.79 Million
BANPU POWER BK:BPP-R	$821.71 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 2025 to 2026, total equity changed from 12,415,676,000 to 13,544,240,000, a change of 1,128,564,000 (9.1%).
Net income of 1,986,739,000 contributed positively to equity growth.
Dividend payments of 938,166,000 reduced retained earnings.
Other comprehensive income decreased equity by 1,847,585,000.
Other factors increased equity by 1,927,576,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs1.99 Billion	+14.67%
Dividends Paid	Rs938.17 Million	-6.93%
Other Comprehensive Income	Rs-1.85 Billion	-13.64%
Other Changes	Rs1.93 Billion	+14.23%
Total Change	Rs-	9.09%

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: 5.62x
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 11.19x to 5.62x 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	Rs68.45	Rs766.05	x
2007-03-31	Rs79.62	Rs766.05	x
2008-03-31	Rs81.55	Rs766.05	x
2009-03-31	Rs86.85	Rs766.05	x
2010-03-31	Rs91.62	Rs766.05	x
2011-03-31	Rs99.02	Rs766.05	x
2012-03-31	Rs105.63	Rs766.05	x
2013-03-31	Rs112.74	Rs766.05	x
2014-03-31	Rs117.79	Rs766.05	x
2015-03-31	Rs142.01	Rs766.05	x
2016-03-31	Rs167.01	Rs766.05	x
2017-03-31	Rs205.64	Rs766.05	x
2018-03-31	Rs245.31	Rs766.05	x
2019-03-31	Rs297.21	Rs766.05	x
2020-03-31	Rs337.78	Rs766.05	x
2021-03-31	Rs393.41	Rs766.05	x
2022-03-31	Rs470.73	Rs766.05	x
2023-03-31	Rs495.87	Rs766.05	x
2024-03-31	Rs121.10	Rs766.05	x
2025-03-31	Rs124.71	Rs766.05	x
2026-03-31	Rs136.42	Rs766.05	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): 14.67%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.00%
• Asset Turnover: 0.81x
• Equity Multiplier: 1.39x
Recent ROE (14.67%) is above the historical average (14.52%), 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	Rs11.95 Million
2007	13.91%	6.63%	0.92x	2.28x	Rs62.49 Million
2008	13.18%	6.07%	0.88x	2.47x	Rs58.39 Million
2009	7.91%	3.70%	0.99x	2.16x	Rs-42.79 Million
2010	8.92%	4.32%	0.94x	2.20x	Rs-23.42 Million
2011	10.41%	4.90%	0.94x	2.25x	Rs9.58 Million
2012	9.59%	4.15%	1.01x	2.29x	Rs-10.37 Million
2013	9.25%	4.12%	1.06x	2.11x	Rs-20.00 Million
2014	9.71%	3.91%	1.14x	2.18x	Rs-7.92 Million
2015	13.88%	5.51%	1.12x	2.25x	Rs120.53 Million
2016	16.94%	7.51%	1.23x	1.84x	Rs253.58 Million
2017	18.75%	10.01%	1.00x	1.87x	Rs393.60 Million
2018	19.59%	11.92%	0.90x	1.83x	Rs514.94 Million
2019	19.32%	12.40%	0.94x	1.66x	Rs606.42 Million
2020	19.01%	14.87%	0.79x	1.61x	Rs666.18 Million
2021	19.53%	15.48%	0.78x	1.63x	Rs772.86 Million
2022	16.98%	14.00%	0.83x	1.46x	Rs677.22 Million
2023	16.94%	13.19%	0.87x	1.47x	Rs705.60 Million
2024	16.87%	15.70%	0.75x	1.44x	Rs847.94 Million
2025	18.65%	15.03%	0.88x	1.41x	Rs1.07 Billion
2026	14.67%	13.00%	0.81x	1.39x	Rs632.32 Million

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: $2,874,022,200
Average return on equity (ROE) among peers: 4.12%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Garware Technical Fibres Limited (GARFIBRES)	Rs13.54 Billion	10.87%	0.39x	$822.37 Million
Aarvee Denims & Exports Limited (AARVEEDEN)	$1.77 Billion	3.02%	1.40x	$38.07 Million
Akshar Spintex Limited (AKSHAR)	$882.12 Million	-5.04%	0.11x	$3.83 Million
Alok Industries Limited (ALOKINDS)	$6.82 Billion	13.08%	2.29x	$694.84 Million
Alps Industries Limited (ALPSINDUS)	$2.48 Billion	9.64%	1.07x	$1.45 Million
Axita Cotton Limited (AXITA)	$649.12 Million	2.93%	0.32x	$31.45 Million
AYM Syntex Limited (AYMSYNTEX)	$1.13 Billion	17.43%	2.90x	$136.34 Million
Banswara Syntex Limited (BANSWRAS)	$5.09 Billion	22.15%	1.10x	$48.69 Million
Bannari Amman Spinning Mills Limited (BASML)	$3.44 Billion	6.09%	2.67x	$21.55 Million
Bombay Dyeing & Mfg Company Limited (BOMDYEING)	$3.34 Billion	-37.84%	9.88x	$300.20 Million
Cheviot Company Limited (CHEVIOT)	$3.14 Billion	9.78%	0.13x	$71.02 Million

About Garware Technical Fibres Limited

NSE:GARFIBRES India Textile Manufacturing

Market Cap

$822.37 Million

Rs76.04 Billion INR

Market Cap Rank

#9941 Global

#494 in India

Share Price

Rs766.05

Change (1 day)

-1.37%

52-Week Range

Rs592.45 - Rs961.40

All Time High

Rs4873.65