Garware Hi-Tech Films Limited
Garware Hi-Tech Films Limited manufactures and sells polyester films in India, the United States, and internationally. The company offers paint protection and sun control films. It also offers defendo-dual reflective, spectrally selective, deco vista, safety, designer, privacy, reflective, IR rejection, writable, antigraffity, and whiteboard films, as well as HP films. In addition, the company pr… Read more
Garware Hi-Tech Films Limited (GRWRHITECH) - Net Assets
Latest net assets as of September 2025: ₹25.07 Billion INR
Based on the latest financial reports, Garware Hi-Tech Films Limited (GRWRHITECH) has net assets worth ₹25.07 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 (₹28.32 Billion) and total liabilities (₹3.25 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 | ₹25.07 Billion |
| % of Total Assets | 88.52% |
| Annual Growth Rate | 15.97% |
| 5-Year Change | 51.69% |
| 10-Year Change | 305.11% |
| Growth Volatility | 28.06 |
Garware Hi-Tech Films Limited - Net Assets Trend (2004–2025)
This chart illustrates how Garware Hi-Tech Films 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 Hi-Tech Films Limited (2004–2025)
The table below shows the annual net assets of Garware Hi-Tech Films Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹23.72 Billion | +15.99% |
| 2024-03-31 | ₹20.45 Billion | +10.18% |
| 2023-03-31 | ₹18.56 Billion | +8.47% |
| 2022-03-31 | ₹17.11 Billion | +9.42% |
| 2021-03-31 | ₹15.64 Billion | +11.39% |
| 2020-03-31 | ₹14.04 Billion | +2.30% |
| 2019-03-31 | ₹13.72 Billion | +6.22% |
| 2018-03-31 | ₹12.92 Billion | +3.04% |
| 2017-03-31 | ₹12.54 Billion | +114.15% |
| 2016-03-31 | ₹5.85 Billion | +2.95% |
| 2015-03-31 | ₹5.69 Billion | -6.45% |
| 2014-03-31 | ₹6.08 Billion | +1.88% |
| 2013-03-31 | ₹5.97 Billion | +16.35% |
| 2012-03-31 | ₹5.13 Billion | +5.73% |
| 2011-03-31 | ₹4.85 Billion | +78.56% |
| 2010-03-31 | ₹2.72 Billion | +9.10% |
| 2009-03-31 | ₹2.49 Billion | +3.91% |
| 2008-03-31 | ₹2.40 Billion | +35.68% |
| 2007-03-31 | ₹1.77 Billion | +42.37% |
| 2006-03-31 | ₹1.24 Billion | +0.17% |
| 2005-03-31 | ₹1.24 Billion | +17.28% |
| 2004-03-31 | ₹1.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Garware Hi-Tech Films 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 1348640000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹13.49 Billion | 56.86% |
| Common Stock | ₹232.30 Million | 0.98% |
| Other Comprehensive Income | ₹9.94 Billion | 41.91% |
| Other Components | ₹59.20 Million | 0.25% |
| Total Equity | ₹23.72 Billion | 100.00% |
Garware Hi-Tech Films Limited Competitors by Market Cap
The table below lists competitors of Garware Hi-Tech Films Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alpargatas S.A
SA:ALPA3
|
$307.02 Million |
|
Facc AG
VI:FACC
|
$307.05 Million |
|
Zhejiang Zhenyuan Share Co Ltd
SHE:000705
|
$307.06 Million |
|
Lindex Group
HE:LINDEX
|
$307.12 Million |
|
Cedar Woods Properties Ltd
AU:CWP
|
$306.94 Million |
|
Luoyang Jalon Micro-Nano New Materials Co Ltd
SHG:688357
|
$306.92 Million |
|
Shinkong Textile Co Ltd
TW:1419
|
$306.86 Million |
|
Hartalega Holdings Bhd
KLSE:5168
|
$306.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Garware Hi-Tech Films Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,447,986,000 to 23,717,900,000, a change of 3,269,914,000 (16.0%).
- Net income of 3,312,200,000 contributed positively to equity growth.
- Dividend payments of 235,300,000 reduced retained earnings.
- Other comprehensive income increased equity by 920,000,000.
- Other factors decreased equity by 726,986,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹3.31 Billion | +13.96% |
| Dividends Paid | ₹235.30 Million | -0.99% |
| Other Comprehensive Income | ₹920.00 Million | +3.88% |
| Other Changes | ₹-726.99 Million | -3.07% |
| Total Change | ₹- | 15.99% |
Book Value vs Market Value Analysis
This analysis compares Garware Hi-Tech Films 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: 3.69x
- 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 77.96x to 3.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹48.34 | ₹3768.60 | x |
| 2005-03-31 | ₹56.70 | ₹3768.60 | x |
| 2006-03-31 | ₹56.79 | ₹3768.60 | x |
| 2007-03-31 | ₹80.86 | ₹3768.60 | x |
| 2008-03-31 | ₹106.67 | ₹3768.60 | x |
| 2009-03-31 | ₹110.84 | ₹3768.60 | x |
| 2010-03-31 | ₹117.80 | ₹3768.60 | x |
| 2011-03-31 | ₹208.04 | ₹3768.60 | x |
| 2012-03-31 | ₹220.11 | ₹3768.60 | x |
| 2013-03-31 | ₹255.92 | ₹3768.60 | x |
| 2014-03-31 | ₹260.74 | ₹3768.60 | x |
| 2015-03-31 | ₹243.92 | ₹3768.60 | x |
| 2016-03-31 | ₹251.11 | ₹3768.60 | x |
| 2017-03-31 | ₹539.44 | ₹3768.60 | x |
| 2018-03-31 | ₹556.06 | ₹3768.60 | x |
| 2019-03-31 | ₹590.63 | ₹3768.60 | x |
| 2020-03-31 | ₹604.21 | ₹3768.60 | x |
| 2021-03-31 | ₹673.01 | ₹3768.60 | x |
| 2022-03-31 | ₹736.42 | ₹3768.60 | x |
| 2023-03-31 | ₹798.81 | ₹3768.60 | x |
| 2024-03-31 | ₹880.15 | ₹3768.60 | x |
| 2025-03-31 | ₹1020.92 | ₹3768.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Garware Hi-Tech Films 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): 13.96%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.70%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.13x
- Recent ROE (13.96%) is above the historical average (8.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 18.15% | 4.32% | 0.62x | 6.79x | ₹86.09 Million |
| 2005 | 15.59% | 3.75% | 0.70x | 5.94x | ₹69.22 Million |
| 2006 | 0.57% | 0.14% | 0.63x | 6.32x | ₹-116.93 Million |
| 2007 | 1.56% | 0.31% | 1.16x | 4.32x | ₹-149.02 Million |
| 2009 | 4.59% | 1.94% | 0.94x | 2.53x | ₹-134.62 Million |
| 2010 | 4.21% | 1.28% | 1.40x | 2.34x | ₹-157.27 Million |
| 2011 | 39.47% | 14.87% | 1.63x | 1.63x | ₹1.43 Billion |
| 2012 | 6.23% | 4.02% | 0.94x | 1.64x | ₹-193.40 Million |
| 2013 | 4.75% | 3.64% | 0.80x | 1.63x | ₹-313.37 Million |
| 2014 | 1.69% | 1.22% | 0.77x | 1.79x | ₹-505.03 Million |
| 2015 | 3.13% | 1.99% | 0.86x | 1.83x | ₹-390.57 Million |
| 2016 | 2.82% | 1.92% | 0.84x | 1.74x | ₹-420.50 Million |
| 2017 | 1.79% | 2.57% | 0.53x | 1.32x | ₹-1.03 Billion |
| 2018 | 2.56% | 3.97% | 0.53x | 1.22x | ₹-960.63 Million |
| 2019 | 5.95% | 8.83% | 0.56x | 1.20x | ₹-555.67 Million |
| 2020 | 6.13% | 9.52% | 0.54x | 1.20x | ₹-543.54 Million |
| 2021 | 8.06% | 12.97% | 0.52x | 1.19x | ₹-304.03 Million |
| 2022 | 9.77% | 13.11% | 0.60x | 1.25x | ₹-39.08 Million |
| 2023 | 8.95% | 11.68% | 0.64x | 1.19x | ₹-194.39 Million |
| 2024 | 9.94% | 12.12% | 0.72x | 1.14x | ₹-11.85 Million |
| 2025 | 13.96% | 15.70% | 0.79x | 1.13x | ₹940.41 Million |
Industry Comparison
This section compares Garware Hi-Tech Films Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,571,777,102
- Average return on equity (ROE) among peers: 15.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Garware Hi-Tech Films Limited (GRWRHITECH) | ₹25.07 Billion | 18.15% | 0.13x | $306.95 Million |
| Aarti Industries Limited (AARTIIND) | $8.75 Billion | 18.56% | 2.05x | $1.01 Billion |
| Aarti Surfactants Limited (AARTISURF) | $2.18 Billion | 9.78% | 0.94x | $15.14 Million |
| ABM International Limited (ABMINTLLTD) | $214.51 Million | 3.09% | 0.89x | $294.24K |
| ACUTAAS CHEMICALS LTD (ACUTAAS) | $5.94 Billion | 14.02% | 0.29x | $247.08K |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $984.09 Million | 34.30% | 2.55x | $95.16 Million |
| Agarwal Industrial Corporation Limited (AGARIND) | $739.40 Million | 9.29% | 0.98x | $26.89 Million |
| Alkali Metals Limited (ALKALI) | $513.80 Million | 2.54% | 0.73x | $1.88 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $3.79 Billion | 22.71% | 1.01x | $204.91 Million |
| Ami Organics Limited (AMIORG) | $107.73 Million | 26.58% | 2.59x | $704.27 Million |
| Anupam Rasayan India Limited (ANURAS) | $2.50 Billion | 13.94% | 1.53x | $318.75 Million |