Flash Finance

Garware Hi-Tech Films LimitedGRWRHITECHCorporate

Packaging Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹6,970.00
MCap ₹16,193 Cr · P/E 48.3
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹532 Cr
Sales · Mar 2026
+3.2% YoY
₹124 Cr
Operating Profit · Mar 2026
+24.7% YoY
23.3%
OPM % · Mar 2026
+20.7% YoY
₹100 Cr
Net Profit · Mar 2026
+35.8% YoY
₹43.10
EPS · Mar 2026
+36.0% YoY

📝 Garware Hi-Tech Films Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Garware Hi-Tech Films Limited reported revenue of ₹532 crore for the quarter ended March 2026 (Q4 FY26), up 3.2% from ₹516 crore in the same quarter last year, and up 18.0% sequentially over the December 2025 quarter.

Net profit rose 35.8% year-on-year to ₹100 crore, from ₹74 crore. Earnings per share (EPS) came in at ₹43.10.

Operating profit stood at ₹124 crore — an operating margin (OPM) of 23.3%, compared with 19.3% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Garware Hi-Tech Films Limited posted revenue of ₹1,948 crore, a decline of 2.4% over FY25, with a net profit of ₹335 crore (down 1.1% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹1,948 crore with a net profit of ₹335 crore.

Valuation snapshot

At the current price of ₹6,970.00, GRWRHITECH has a market capitalisation of ₹16,193 crore and a trailing P/E of about 48.3.

Within the Packaging industry, it is the 2nd-largest of the 80 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 60.72%, foreign institutional investors (FIIs) 4.22%, domestic institutional investors (DIIs) 6.35%, public shareholders 28.71% of Garware Hi-Tech Films Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹16,193 Cr
Current Price ?
₹6,970.0
P/E ?
48.33above ind
Industry P/E ?
15.30
P/B ?
6.26
P/S ?
8.31
P/FCF ?
160.33
Enterprise Value ?
₹16,205 Cr
EV/EBITDA ?
32.76
PEG ?
1.51
Earnings Yield ?
2.7%
Dividend Yield ?
0.17%
Profitability & Returns
Sales (TTM) ?
₹1,948 Cr
OPM ?
25.4%
Profit after tax (TTM) ?
₹335 Cr
EPS (TTM) ?
₹144.23
ROCE ?
18.0%
ROE ?
13.0%
ROA ?
11.4%
Growth
Sales — latest qtr ?
₹532 Cr
PAT — latest qtr ?
₹100 Cr
YoY qtr sales growth ?
3.2%
YoY qtr profit growth ?
35.8%
Sales growth (3y) ?
14%
Sales growth (5y) ?
15%
Profit growth (3y) ?
32%
Profit growth (5y) ?
23%
Financial Health
Debt ?
₹12 Cr
Debt to Equity ?
0.00
Interest Coverage ?
61.8
Current Ratio ?
N/A
Ownership
Promoter holding ?
60.72%
Change in promoter holding ?
-0.01%
Pledged percentage ?
N/A
Market
Return 3 months ?
-0.0%
Return 6 months ?
74.9%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 288325385433439449589442516453512451532 +3.2% +18.0%
Operating Profit 304262697711612578999720866124 +24.7% +87.7%
Other Income 171099112813191514461723 +49.2% +34.5%
Interest 4432112221312 +25.0% +57.5%
Depreciation 910101091010101010211112 +18.6% +4.8%
Profit Before Tax 3438586777132127851039923170133 +29.0% +88.8%
Net Profit 27294451581049666747510753100 +35.8% +87.0%
EPS 11.4712.3118.7821.8024.9944.7841.2128.2131.6932.1145.8523.0243.10 +36.0% +87.2%
OPM % 10.5% 12.9% 16.0% 16.0% 17.4% 25.8% 21.2% 17.7% 19.3% 21.3% 40.6% 14.6% 23.3% +20.7% +59.6%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹1,995 Cr ₹1,948 Cr ₹1,948 Cr -2.4%
Operating Profit ₹418 Cr ₹495 Cr ₹495 Cr +18.3%
OPM % 20.95% 25.40% 25.40% +21.2%
NPM % 16.98% 17.20% 17.20% +1.3%
Other Income ₹76 Cr ₹101 Cr ₹101 Cr +32.1%
Depreciation ₹40 Cr ₹55 Cr ₹55 Cr +35.3%
Interest ₹6 Cr ₹7 Cr ₹7 Cr +10.0%
EBIT ₹378 Cr ₹440 Cr ₹440 Cr +16.5%
PBT ₹448 Cr ₹534 Cr ₹534 Cr +19.2%
Tax ₹109 Cr ₹41 Cr ₹41 Cr -61.8%
Net Profit ₹339 Cr ₹335 Cr ₹335 Cr -1.1%
EPS ₹145.89 ₹144.08 ₹144.08 -1.2%
Material Cost ₹935 Cr ₹446 Cr ₹446 Cr -52.3%
Employee Cost ₹149 Cr ₹80 Cr ₹80 Cr -46.2%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 23232323 +0.0%
Reserves 1,7901,9552,2882,564 +12.1%
Borrowings 1410012 —
Other Liabilities 223279309334 +8.1%
Total Liabilities 2,1782,2572,6202,933 +11.9%
Fixed Assets 1,4661,4491,4381,573 +9.4%
CWIP 1023926 -33.3%
Investments 394364645699 +8.4%
Other Assets 308442499634 +27.1%
Total Assets 2,1782,2572,6202,933 +11.9%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 243117306262 -14.4%
Cash from Investing Activity -17045-253-181 +28.5%
Cash from Financing Activity -87-167-49-56 -14.3%
Net Cash Flow -14-5426 +550.0%
Free Cash Flow 177101252101 -59.9%
CFO/OP 140%69%98%87% -11.2%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 23282636 +38.5%
Inventory Days 95113101118 +16.8%
Days Payable 63755774 +29.8%
Cash Conversion Cycle 55666981 +17.4%
Working Capital Days 94637164 +343.2%
ROCE % 11%13%21%18% -14.3%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 % Chg
Promoters 60.73%60.73%60.73%60.73%60.72% -0.0%
FIIs 3.86%3.58%3.96%3.98%4.22% +6.0%
DIIs 4.89%4.96%5.35%5.28%6.35% +20.3%
Public 30.53%30.74%29.98%30.04%28.71% -4.4%
No. of Shareholders 54,33557,61955,54454,49256,759 +4.2%

⚖️ Peer comparison

Industry: Packaging · top 25 of 80 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 INOXINDIA INOX India ₹2,091.40 19,016 74.5 1,618 255 21.2% 15.8% 21.5% 14.1% 9.1% -4.8%
2 GRWRHITECH Garware Hi-Tech ₹6,834.50 15,878 46.9 2,120 338 20.5% 15.9% 0.5% 2.1% 9.0% 38.8%
3 EPL EPL ₹233.90 7,492 20.5 3,992 367 20.1% 9.2% -5.3% 1.0% 17.6% -10.7%
4 AGI AGI Greenpac ₹751.00 4,859 13.4 2,763 363 22.7% 13.1% 5.4% 9.2% 14.2% 12.1%
5 UFLEX UFLEX ₹632.65 4,568 6.7 16,866 686 13.6% 4.1% 2.4% 126.8% 37.6% 584.0%
6 TCPLPACK TCPL Packaging ₹4,394.80 3,991 34.6 1,879 116 16.3% 6.2% 2.3% -31.4% 16.1% 79.3%
7 POLYPLEX Polyplex ₹1,028.80 3,230 22.5 7,601 272 7.8% 3.6% 2.9% -88.5% 29.6% 386.0%
8 XPROINDIA Xpro India ₹1,288.90 3,025 92.5 534 33 9.4% 6.1% -5.7% -48.7% 20.4% 239.1%
9 COSMOFIRST COSMO FIRST ₹878.05 2,279 14.7 3,639 156 10.6% 4.3% 25.7% 17.4% 36.9% 37.0%
10 MOLDTKPAC Mold-Tek Packaging ₹655.25 2,177 — — — — — — — — —
11 HUHTAMAKI Huhtamaki India ₹244.85 1,849 13.6 2,611 137 8.6% 5.2% -1.9% 32.6% 22.6% 74.9%
12 COMSYN Commercial Syn ₹294.75 1,189 38.8 405 30 15.8% 7.5% 11.3% 53.7% 19.7% 74.4%
13 EKC Everest Kanto ₹98.75 1,108 7.5 1,470 147 13.8% 10.0% -1.9% 50.4% -15.2% 246.6%
14 DVL Dhunseri Ventures ₹275.20 964 5.0 444 191 -11.9% 43.0% -33.1% -38.9% 45.0% 145.1%
15 ESTER Ester Industries ₹86.24 899 — 1,469 -2 8.4% -0.1% 7.3% -300.5% 27.8% 360.2%
16 ORICONENT Oricon Enterprises ₹52.40 828 30.8 45 27 -120.6% 59.8% -68.7% -83.0% -7.5% 25.9%
17 515147 Haldyn Glass ₹132.79 811 24.1 487 30 13.9% 6.1% 21.5% 31.7% 20.6% 90.0%
18 TIRUPATI Shree Tirupati ₹748.00 758 239.7 201 3 6.5% 1.5% — — 3.0% -86.2%
19 KANPRPLA Kanpur Plastipack ₹246.50 603 13.1 741 45 9.1% 6.1% 16.9% 226.5% 13.8% 104.0%
20 HITECHCORP Hitech ₹331.95 570 32.5 701 18 11.0% 2.5% 14.1% 69.9% 36.8% 49.7%
21 SHREERAMA Shree Rama ₹42.38 566 22.7 265 25 16.2% 9.6% 15.3% -51.8% 45.5% 9.7%
22 PYRAMID Pyramid Technoplast ₹153.00 564 17.9 739 32 8.5% 4.3% 15.2% 4.1% 35.7% 30.6%
23 512453 Shri Jagdamba ₹876.95 560 16.2 457 47 12.9% 10.4% -13.5% -14.0% 28.6% 46.7%
24 NAHARPOLY Nahar Poly ₹221.94 546 7.5 668 72 14.1% 10.8% 5.8% 66.5% -18.7% -35.9%
25 TPLPLASTEH TPL Plastech ₹67.37 526 17.5 457 30 10.9% 6.6% 21.0% 23.2% 37.6% 19.2%
❓ Frequently asked questions
What was Garware Hi-Tech Films Limited's revenue in Q4 FY26?
Garware Hi-Tech Films Limited reported revenue of ₹532 crore for the quarter ended March 2026 (Q4 FY26), up 3.2% from ₹516 crore in the same quarter last year, and up 18.0% sequentially over the December 2025 quarter.
What was Garware Hi-Tech Films Limited's net profit in Q4 FY26?
Net profit rose 35.8% year-on-year to ₹100 crore, from ₹74 crore. Earnings per share (EPS) came in at ₹43.10.
What is GRWRHITECH's market capitalisation and P/E ratio?
At the current price of ₹6,970.00, GRWRHITECH has a market capitalisation of ₹16,193 crore and a trailing P/E of about 48.3.
Who owns Garware Hi-Tech Films Limited? (shareholding pattern)
As of Jun 2026, promoters held 60.72%, foreign institutional investors (FIIs) 4.22%, domestic institutional investors (DIIs) 6.35%, public shareholders 28.71% of Garware Hi-Tech Films Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI