Garware Hi-Tech Key Ratios
NSE: GRWRHITECH | BSE: 500655
₹7,119.00
As on 30-Sep-2026 10:19IST
Market cap
₹16,279 Cr
Revenue (TTM)
₹2,258 Cr
P/E Ratio
42
P/B Ratio
5.8
Div. Yield
0.2 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 6.10 | 27.90 | 6.02 | 15.97 | 14.95 |
| EBIT | 28.95 | 60.80 | 15.14 | 32.39 | 15.07 |
| Net Profit | 22.59 | 59.78 | 19.02 | 32.89 | 21.22 |
| EPS | 22.59 | 59.78 | 19.02 | 32.89 | 21.22 |
| Book Value | -- | -- | 11.99 | 12.70 | 11.18 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 16.64 | 16.30 | 19.92 | 18.38 | 18.96 |
| Net Margin
| 14.63 | 13.26 | 16.65 | 15.48 | 15.31 |
| Return on equity
| 13.00 | 11.68 | 15.03 | 13.45 | 15.00 |
| Return on Capital
| 17.21 | 15.64 | -- | 18.08 | 20.48 |
| Return on Assets
| 11.37 | 10.02 | 13.63 | 11.88 | 13.23 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
--
|
18.08
|
20.48
|
13.83
|
12.07
|
|
Peer Median
|
--
|
11.65
|
12.06
|
13.53
|
--
|
ROE
15.03
Higher than Peers by 5.63
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
15.03
|
13.45
|
15.00
|
10.42
|
9.32
|
|
Peer Median
|
9.40
|
9.25
|
8.91
|
10.80
|
--
|
ROA
13.63
Higher than Peers by 7.29
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
13.63
|
11.88
|
13.23
|
8.96
|
7.64
|
|
Peer Median
|
6.33
|
6.16
|
5.64
|
6.79
|
--
|
EBIT Margin
19.92
Higher than Peers by 11.09
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
19.92
|
18.38
|
18.96
|
14.49
|
13.55
|
|
Peer Median
|
8.83
|
10.75
|
8.43
|
8.97
|
--
|
Net Margin
16.65
Higher than Peers by 10.03
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
16.65
|
15.48
|
15.31
|
11.85
|
11.22
|
|
Peer Median
|
6.62
|
6.39
|
5.96
|
6.62
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
--
|
17.98
|
17.63
|
14.43
|
13.78
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
6.02
Lower than Peers by 0.05
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
6.02
|
0.51
|
25.78
|
16.62
|
10.39
|
|
Peer Median
|
6.07
|
13.14
|
9.42
|
9.36
|
--
|
EBIT Growth
15.14
Higher than Peers by 13.67
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
15.14
|
-2.57
|
64.57
|
24.74
|
-7.19
|
|
Peer Median
|
1.47
|
18.46
|
1.79
|
-1.67
|
--
|
Net Profit Growth
19.02
Higher than Peers by 17.44
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
19.02
|
2.12
|
62.93
|
22.36
|
-0.62
|
|
Peer Median
|
1.58
|
23.18
|
-1.10
|
4.91
|
--
|
EPS Growth
19.02
Higher than Peers by 17.58
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
19.02
|
2.12
|
62.93
|
22.37
|
-0.62
|
|
Peer Median
|
1.43
|
19.02
|
0.15
|
4.91
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
--
|
11.99
|
15.99
|
10.18
|
8.47
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
--
|
--
|
--
|
0.01
|
0.08
|
|
Peer Median
|
0.02
|
0.21
|
0.16
|
0.08
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
4.43
Higher than Peers by 2.25
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
4.43
|
4.43
|
4.26
|
3.45
|
2.74
|
|
Peer Median
|
2.18
|
1.78
|
2.23
|
2.18
|
--
|
Quick Ratio
3.10
Higher than Peers by 1.56
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
3.10
|
3.10
|
3.01
|
2.14
|
1.90
|
|
Peer Median
|
1.54
|
1.73
|
1.96
|
1.71
|
--
|
Interest Coverage
60.58
Higher than Peers by 50.36
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
60.58
|
55.42
|
51.74
|
23.94
|
13.94
|
|
Peer Median
|
10.22
|
8.86
|
8.85
|
10.17
|
--
|
Operating Efficiency
Debtors to sales
2.35
Lower than Peers by 16.31
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
2.35
|
2.50
|
1.99
|
2.27
|
2.08
|
|
Peer Median
|
18.66
|
20.04
|
18.32
|
17.58
|
--
|
Asset Turnover
0.79
Lower than Peers by 0.01
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
0.79
|
0.75
|
0.84
|
0.74
|
0.66
|
|
Peer Median
|
0.80
|
0.90
|
0.84
|
0.85
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
--
|
8.14
|
6.92
|
7.39
|
8.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
--
|
59.80
|
51.75
|
53.09
|
51.85
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
--
|
62.71
|
57.67
|
60.07
|
58.60
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
--
|
5.23
|
1.00
|
0.41
|
1.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
41.97
Higher than Peers by 8.05
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
41.97
|
23.24
|
27.61
|
19.96
|
7.32
|
|
Peer Median
|
33.93
|
33.20
|
35.43
|
34.02
|
--
|
Price / Book Value
5.84
Higher than Peers by 3.03
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
5.84
|
2.96
|
3.86
|
1.98
|
0.65
|
|
Peer Median
|
2.81
|
3.05
|
2.26
|
2.74
|
--
|
Dividend Yield
0.17
Lower than Peers by 0.11
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
0.17
|
0.35
|
0.30
|
0.57
|
1.91
|
|
Peer Median
|
0.28
|
0.21
|
0.30
|
0.28
|
--
|
EV/EBITDA
28.37
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
28.37
|
15.42
|
18.21
|
12.35
|
4.83
|
|
Peer Median
|
--
|
28.36
|
23.67
|
19.92
|
--
|
Market Cap
16,279
Higher than Peers by 13,910
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Garware Hi-Tech
|
16,279
|
7,859
|
9,144
|
4,057
|
1,215
|
|
Peer Median
|
2,369
|
1,791
|
920
|
1,568
|
--
|