Garware Technical Fibres Limited (GARFIBRES) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Garware Technical Fibres Limited ₹239, price ₹768, upside -68.9%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹523.85 – ₹961.53 · fair‑value band ₹148.59 – ₹364.97 · the ₹768.40 price screens above the ₹239.21 fair value. Dashed = 300-day average. As of Oct 1, 2026.
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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.
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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/lobster netting, as well as trawling products; and insect, anti-hail, anti-bird, grape, crop support, floriculture, fencing, cage, shade, and BLRS nets, as well as staking cord, seed production, and weed mat products. It also offers coated fabrics products for decorative fabrics, bouncies, passive heat management solution, sports, water tank/bio flock, bio gas, and shelter fabrics applications; mooring, towing, and other rope articles and accessories; UHMPE products; single point mooring systems; air inflatable tents/shelters/structures, recovery/under slung ropes, and fast ropes; fire retardant/vehicle/muzzle/gun covers; sport nets, sports frames and accessories, safety/protection nets, and fitness and mountaineering ropes, as well as customized products comprising wood carrying bags, hay and cargo nets, and helicopter landing nets; and transmission, submersible, and other general applications ropes. In addition, the company provides bag closing, doll hair, and jute bag stitching products; fall protection solutions; bird protection nets; and geo synthesis solutions for environment, highways and railways, erosion control, mining, oil and gas, energy, slope protection, coastal and river protection works; and lifting solutions, such as lifting and round slings, cut and abrasion resistant sleeves, and other slings. The company was formerly known as Garware-Wall Ropes Limited and changed its name to Garware Technical Fibres Limited in July 2018. Garware Technical Fibres Limited was incorporated in 1976 and is based in Pune, India.
Stock analysis
Garware Technical Fibres Limited (GARFIBRES) currently trades at ₹768.40, while our model-based Fair Value estimate is ₹239.21, 68.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹410.19 per share, and 0 of the 26 models we run sit above the ₹768.40 price.
Bear case: the Asset-Based group reads lowest at ₹92.93, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹148.59 (bear) to ₹364.97 (bull), the price of ₹768.40 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Garware Technical Fibres Limited reported revenue of ₹15.3B in FY2026 versus ₹11.8B in FY2022, a compound +6.8%/yr. Reported net income was ₹2.0B in FY2026, compounding +4.8%/yr from FY2022.
Key figures
Market cap ₹76.3B (≈ $796M) · P/E ratio 37.1 · P/S ratio 4.82 · EPS (TTM) ₹20.73 · Dividend yield 1.2% · Net margin 13.0% · Return on equity 15.3% · Return on assets (EBIT) 14.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −11% fair-value upside, at −69%, GARFIBRES screens richer than that median.
Fair Value models
Bear ₹148.59Fair Value ₹239.21Bull ₹364.97
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹5.66 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
Start year 2021 (pandemic). Over 10 years: +6.4% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−22.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−23.6%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−23.6% vs −3.4%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 16%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 8.1%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+43.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +37.4% a year for the price.
Compare Garware Technical Fibres Limited with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Textile Manufacturing · 335 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Above median
Fair Value upside−68.9% · Bottom 25%
Profitability
Return on equity (TTM)15.3% · Top 25%
Return on assets8.6% · Top 25%
Net margin (TTM)12.8% · Top 25%
Operating margin (TTM)16.7% · Top 25%
Growth and dividend
Revenue growth31.4% · Top 25%
Dividend yield (TTM)1.2% · Below median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
P/E (TTM)37.1× · Pricier than median
P/B5.63× · Priciest 25%
P/S (TTM)4.64× · Priciest 25%
P/FCF79.3× · Priciest 25%
EV/EBITDA24.6× · Priciest 25%
PEG1.15× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 10
FUTURE (revenue growth)100· sector 0
PAST (return on equity)61· sector 16
HEALTH (low debt)99· sector 95
DIVIDEND (yield)25· sector 37
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Garware Technical Fibres Limited (GARFIBRES) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹239.21 versus a price of ₹768.40, about −69% upside (overvalued).
What is the fair value of GARFIBRES?
Our model-based fair value for Garware Technical Fibres Limited is ₹239.21 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹768.40.
What is the quality score of GARFIBRES?
Garware Technical Fibres Limited has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Garware Technical Fibres Limited (GARFIBRES)?
Our model-based price target is the fair value of ₹239.21 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario ₹148.59, optimistic scenario ₹364.97. It is a calculation from audited fundamentals, not an analyst target.
What is the Garware Technical Fibres Limited stock forecast for 2026?
Our models put fair value at ₹239.21, about −69% upside versus a price of ₹768.40 (overvalued). Cautious scenario ₹148.59, optimistic scenario ₹364.97. The calculation is refreshed regularly with new filings.
What is the revenue of Garware Technical Fibres Limited (GARFIBRES)?
Garware Technical Fibres Limited reported trailing-twelve-month revenue of about ₹16.4B (latest available figure, as of Oct 1, 2026).
Does Garware Technical Fibres Limited pay a dividend?
Garware Technical Fibres Limited currently shows a dividend yield of about 1.24% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Garware Technical Fibres Limited (GARFIBRES)?
For today's price to be fair in a discounted-cash-flow model, Garware Technical Fibres Limited would have to grow free cash flow by +43.1 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of GARFIBRES use?
Our models discount Garware Technical Fibres Limited at 12.4 %: a base by market capitalisation (small), damped by beta 0.04, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Garware Technical Fibres Limited that is +43.1 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Garware Technical Fibres Limited (GARFIBRES) delivered so far?
Over the past 5 years revenue at Garware Technical Fibres Limited grew +8.4 % a year. The price currently implies +43.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Garware Technical Fibres Limited (GARFIBRES) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Garware Technical Fibres Limited (+43.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Garware Technical Fibres Limited (GARFIBRES)?
The free-cash-flow yield on the price is 1.26 %: that much free cash flow Garware Technical Fibres Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Garware Technical Fibres Limited (GARFIBRES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Garware Technical Fibres Limited it is ₹239.21 per share (as of Oct 1, 2026), against a price of ₹768.40. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Garware Technical Fibres Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, GARFIBRES trades above its calculated fair value: price ₹768.40, fair value ₹239.21, a gap of about −69% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GARFIBRES?
No. The price is what the market pays today (₹768.40); the fair value is what the company's own numbers justify (₹239.21). For Garware Technical Fibres Limited the two are ₹529.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Garware Technical Fibres Limited worth?
The market values Garware Technical Fibres Limited at about ₹76.3B (market capitalisation, as of Oct 1, 2026). Per share that is ₹768.40; our models calculate a fair value of ₹239.21 per share.
What do the bullish and bearish scenarios say about GARFIBRES?
Our models span a range for Garware Technical Fibres Limited: cautious scenario ₹148.59, base ₹239.21, optimistic ₹364.97 per share (as of Oct 1, 2026, price ₹768.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GARFIBRES?
Garware Technical Fibres Limited trades at a price-to-earnings ratio of 37.1 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹239.21 is built from several models across several years. Other multiples: PEG 1.1, P/B 5.6, P/S 4.6, EV/EBITDA 24.6.
What is the PEG ratio of GARFIBRES?
The PEG ratio of Garware Technical Fibres Limited is 1.15 (P/E divided by earnings growth, as of Oct 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Garware Technical Fibres Limited (GARFIBRES)?
Balance-sheet figures for Garware Technical Fibres Limited (as of Oct 1, 2026): return on equity 15.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is GARFIBRES from its 52-week high?
Garware Technical Fibres Limited trades at ₹768.40, about 10% below its 52-week high of ₹850.00 and 30% above the low of ₹592.45 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹239.21 is for.
Which stocks are comparable to Garware Technical Fibres Limited?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, Far Eastern New Century Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Garware Technical Fibres Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹768.40, calculated fair value ₹239.21 (−69%), Quality Score 51/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GARFIBRES calculated?
We run Garware Technical Fibres Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹239.21, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Garware Technical Fibres Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Garware Technical Fibres Limited (GARFIBRES)?
The closing price on Oct 1, 2026 was ₹768.40. Our model-based fair value is ₹239.21, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Garware Technical Fibres Limited right now?
The price sits above even our optimistic bull case (₹364.97). The favourable scenario is already priced in. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹148.59 to ₹364.97) leaves room in how you read the outcome.
Where does the earnings growth of Garware Technical Fibres Limited (GARFIBRES) come from?
Earnings per share at Garware Technical Fibres Limited grew −3.4 % a year from 2015 to 2026. Broken into its drivers: revenue per share −9.9 %, EBIT margin +5.2 %, tax rate +0.8 %, residual (interest, one-offs) +1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Garware Technical Fibres Limited
How large is the market capitalisation of Garware Technical Fibres Limited (GARFIBRES)?
The market capitalisation of Garware Technical Fibres Limited is ₹76.3B (≈ $796M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Garware Technical Fibres Limited (GARFIBRES)?
The price-to-sales ratio of Garware Technical Fibres Limited is 4.82 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Garware Technical Fibres Limited (GARFIBRES)?
Earnings per share at Garware Technical Fibres Limited are ₹20.73 (price ÷ EPS = P/E 37.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Garware Technical Fibres Limited (GARFIBRES)?
The dividend yield of Garware Technical Fibres Limited is 1.2% (payout 45.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Garware Technical Fibres Limited (GARFIBRES)?
The net margin of Garware Technical Fibres Limited is 13.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Garware Technical Fibres Limited (GARFIBRES)?
The return on equity (ROE) of Garware Technical Fibres Limited is 15.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Garware Technical Fibres Limited (GARFIBRES)?
On an EBIT basis the return on assets of Garware Technical Fibres Limited is 14.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Garware Technical Fibres Limited (GARFIBRES)?
The operating margin of Garware Technical Fibres Limited is 16.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Garware Technical Fibres Limited (GARFIBRES)?
Revenue at Garware Technical Fibres Limited is growing +31.4% versus a year earlier (3y avg +5.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Garware Technical Fibres Limited (GARFIBRES)?
Earnings per share at Garware Technical Fibres Limited are growing +22.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Garware Technical Fibres Limited (GARFIBRES) hold?
Garware Technical Fibres Limited holds more cash than debt, ₹969M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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