Garware Hi Tech Films share price today

Garware Hi Tech Films Ltd's share price was ₹7,544.50 at the close on 4 November 2026. It has been rising for 35 weeks. That is 28.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,868 and ₹7,545, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Garware Hi Tech Films Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 6 weeks in a row.

Over the last 11 years the share price moved +7,078% while the NIFTY 500 moved +249%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) raised their stake for 4 quarters in a row, highest quarterly revenue in 16 quarters and operating margin up 3 points on a year earlier.

1. Foreign funds (FIIs) raised their stake for 4 quarters in a row

   From 3.6% to 4.6% of the company by the September 2026 quarter.

2. Highest quarterly revenue in 16 quarters

   Revenue of ₹696 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Sales reached a record because demand was strong and the company sold a better mix of higher value films at better prices.

   Next results: check whether the TPU line starts on time, since it is meant to add capacity for future sales.

   From the earnings call on 23 Oct 2026.

3. Operating margin up 3 points on a year earlier

   24% in the September 2026 quarter, from 21%.

   Why: Margins improved because the company sold more higher value films at better prices and spread its fixed costs over more sales. That more than covered higher raw material and freight costs.

   Next results: check whether the margin holds as raw material and freight costs rise.

   From the earnings call on 23 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Garware Hi Tech Films reported revenue of ₹696 crore, up 22.1% from ₹570 crore a year earlier, and a profit of ₹129 crore, up 41.8% from ₹91.0 crore.

Garware Hi Tech Films results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Garware Hi Tech Films' management discussed these results on a call held on 23 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Garware Hi Tech Films closed at ₹7,544.50 on 4 November 2026, up 121.5% from ₹3,406.10 a year earlier (7 November 2025) and up 718.4% over five years. Its highest weekly close since March 2016 was ₹7,544.50 on 4 November 2026.

Garware Hi Tech Films share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 4 March 2016 to 4 November 2026.

4 Nov 2026: Garware Hi Tech Films closed at ₹7,544.50, up 8.0% on the week and up 9.0% on the month. 23 Oct 2026: Garware Hi Tech Films held its results call for July to September 2026. Management guided: FY27 revenue above ₹2,500 crore reaffirmed; FY28 goal above ₹3,000 crore.

Earlier

• Results for July to September 2026: Revenue up 22.1% and profit up 41.8% on a year earlier.
• 16 Sep 2026: ex-date for a dividend of ₹12 a share.

Garware Hi Tech Films paid ₹12 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.16% at the ₹7,544.50 close on 4 November 2026. The last was a dividend of ₹12 a share, ex-date 16 September 2026.

Garware Hi Tech Films dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Garware Hi Tech Films Ltd paid out 8% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 23 October 2026, Garware Hi Tech Films' management guided: FY27 revenue above ₹2,500 crore reaffirmed; FY28 goal above ₹3,000 crore.

“As our product mix evolves, we believe margins of around 30% in Q1 represent a sustainable seasonal level.”Deepak Joshi, on the call for July to September 2026

What management guided

• FY27 operating margin 27% +/-2%, upgraded; FY28 goal 28%-28.5% with a 150-200 basis points TPU-related uplift.
• FY28 TPU external sales of ₹75-100 crore at approximately 35% operating margin.
• TPU commissioning in October to December 2026 and the ₹191 crore SCF line's commercial production in H1 FY28, adding 1,200 lakh square feet of fungible capacity.
• Home Solution to add 12 studios in Q3, aiming for 50 by December 2027; ₹50 crore, ₹100 crore and ₹200 crore revenue goals were described as a three-year sequence, not a one-year FY28 goal.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 23 October 2026.

When Garware Hi Tech Films reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: TPU line commissioning and initial external-product customer qualification.

Garware Hi Tech Films is on 2 of our India lists: Momentum stocks and Small & mid cap stocks.

Garware Hi Tech Films Ltd earned ₹129 Cr of net profit in the Sep 2026 quarter, +41.8% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹338 Cr. Over 10 years profit has grown 35.7% a year on average. That is 18.5% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹91.0 Cr.

For the full year, FY26 profit was ₹338 Cr (+2.1% on the year before).

Why profit moved: revenue changed +22.1% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +33.1% and revenue +14.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Garware Hi Tech Films Ltd reported ₹696 Cr of revenue in the Sep 2026 quarter, +22.1% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 9.5% a year on average. The last full year, FY26, came in at ₹2,120 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,385 Cr.

FY26 revenue was ₹2,120 Cr, +0.5% on the year before.

Recent pace: the last four quarters grew +14.3% on average, against 9.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +14.7%, against +9.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +36.1%, against +18.0% a year (accelerating).

Garware Hi Tech Films Ltd's operating margin was 24.0% in the Sep 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 7.0% and 22.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +3.4 percentage points on the year while gross margin changed +1.9 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 89% of Garware Hi Tech Films Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹275 Cr of operating cash against ₹338 Cr of profit. After ₹168 Cr of spending on assets, ₹107 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 89% of profit came in as cash: the cash cycle got 35 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.0× depreciation over three years. The next section checks what that spending is building.

Garware Hi Tech Films Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 89 days in FY26, up from 54 days in FY21. It spent ₹252 Cr on assets over the last 3 years. Customers take 9 days to pay, and stock sits for 149 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,120 Cr, each day of that cycle ties up about ₹5.8 Cr, so roughly ₹517 Cr is tied up in the business at any time.

FY26: customers took 9 days to pay and stock sat for 149 days, about 4.9 months of sales sitting as stock, for a full cycle of 89 days, longer than FY21's 54.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 149 days. Customers pay about 9 days after that. Suppliers are paid at 69 days. Together that makes the 89-day cycle.

Spending on assets: ₹252 Cr over the last 3 years, against ₹125 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹27.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Garware Hi Tech Films Ltd's P/E is 41.1×, near the high end of its own history: higher than 96% of past readings. Its usual P/E (the middle reading) is 16.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.