# Garware Hi Tech Films share price today (Garware Hi Tech Films Ltd, NSE: GRWRHITECH)

> Garware Hi Tech Films share price today: ₹7,544.50 at the NSE close on 4 November 2026, up 121.5% in a year. Garware Hi Tech Films (NSE: GRWRHITECH) is worth ₹17,528 crore, trades at a P/E of 41.1 and has closed between ₹2,867.65 and ₹7,544.50 over the past 52 weeks. > Garware Hi Tech Films Ltd's share price has risen faster than its earnings: +121.5% in a year, against +2.1% for earnings per share. GRWRHITECH · Packaging - Films · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/garware-hi-tech-films-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹7,544.50 (+121.5% in a year)
- P/E: 41.1× (higher than 96% of the last 11 years)
- Revenue (Sep 2026): ₹696 Cr (+22.1% on a year ago)
- Profit (Sep 2026): ₹129 Cr (+41.8% on a year ago)
- Operating margin: 24.0% (+3.0 points on a year ago)
- ROCE: 18%, FY26
- ROIC: 19.3%, against a 12.0% cost of capital: +7.3 points

The main question: the share price moved +121.5% in a year while yearly earnings per share moved +2.1%. The difference came from the market paying a higher multiple. ## What is the 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. 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. ## What changed at Garware Hi Tech Films this quarter? 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. ## What are Garware Hi Tech Films' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹696 crore | ₹570 crore | +22.1% |
| Profit | ₹129 crore | ₹91.0 crore | +41.8% |
| Earnings per share | ₹55.72 | ₹39.27 | +41.9% |
| Operating margin | 24.0% | 21.0% | +3.0 points |

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.)

## What is the Garware Hi Tech Films share price history? 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

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹6,983.30 | +8.0% |
| 1 month ago · 1 Oct 2026 | ₹6,920.70 | +9.0% |
| 6 months ago · 8 May 2026 | ₹5,273.50 | +43.1% |
| 1 year ago · 7 Nov 2025 | ₹3,406.10 | +121.5% |
| 3 years ago · 3 Nov 2023 | ₹1,480.85 | +409.5% |
| 5 years ago · 4 Nov 2021 | ₹921.90 | +718.4% |
| 10 years ago · 4 Nov 2016 | ₹140.70 | +5,262.1% |
| Earliest weekly close in our records · 4 Mar 2016 | ₹105.10 | +7,078.4% |
| Highest weekly close since March 2016, also the 52-week high · 4 Nov 2026 | ₹7,544.50 | 0.0% |
| Lowest weekly close since March 2016 · 1 Apr 2016 | ₹97.45 | +7,641.9% |
| 52-week low (weekly close) · 16 Jan 2026 | ₹2,867.65 | +163.1% |

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.)

## What is the latest news on Garware Hi Tech Films? 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. ## What dividend does Garware Hi Tech Films pay? 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 16 Sep 2026 | ₹12 | Dividend | same day |
| 17 Sep 2025 | ₹12 | Dividend | same day |
| 17 Sep 2024 | ₹10 | Dividend | same day |
| 20 Sep 2023 | ₹10 | Dividend | same day |
| 19 Sep 2022 | ₹10 | Dividend | 20 Sep 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

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.)

## What did Garware Hi Tech Films management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/361/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 23 October 2026.)

## What to watch in Garware Hi Tech Films' next results? 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. - What to check (from the call)
- TPU line commissioning and initial external-product customer qualification. - SCF line construction progress and readiness for commercial production. - Tariff refund receipt and the split between booked amounts and customer pass-through. - Finance Ministry action on the approved anti-dumping measure for Chinese PPF imports. ## Which stock lists is Garware Hi Tech Films on? Garware Hi Tech Films is on 2 of our India lists: Momentum stocks and Small & mid cap stocks. - [Momentum stocks Market cap cr: 17527.21105455588](https://www.sectoralpha.in/momentum-stocks-india)
- [Small & mid cap stocks Size rank in India: 403](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Garware Hi Tech Films profitable? 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. 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. ## How much revenue does Garware Hi Tech Films make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Garware Hi Tech Films keep? 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. 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. ## Is Garware Hi Tech Films' profit turning into cash? 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. 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. ## Where does Garware Hi Tech Films' cash go? 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. 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. ## What is Garware Hi Tech Films' P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved +2.1% while the price moved +121.5%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +52.3% a year; about +23.5% a year came from earnings growth and about +28.8 percentage points from the multiple (the market paying more); over 10 years the price moved +48.9% a year; about +38.7% a year came from earnings growth and about +10.2 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Garware Hi Tech Films business getting better or worse? Garware Hi Tech Films Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 20.7%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Garware Hi Tech Films earn on its capital? Garware Hi Tech Films Ltd earned a ROCE of 18% in FY26. That is up from a low of 5% in FY14. Its return on capital used (ROIC) is 7.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 15.9% net margin and 0.70× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 15.9% net margin × 0.70× asset turnover × 1.13× leverage (assets divided by equity) ≈ 12.6% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 19.3% − 12.0% = +7.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 19.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 16.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Garware Hi Tech Films have too much debt? Garware Hi Tech Films Ltd has total debt of ₹13.0 Cr against shareholder equity of ₹2,907 Cr as of Sep 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.12 in FY22 to 0.01 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Garware Hi Tech Films shareholding pattern? Foreign institutions raised their stake in Garware Hi Tech Films Ltd by 3.0 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 4.6% of the company. Domestic institutions moved +2.8 points over the same period, to 7.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +3.0 points over 8 quarters, to 4.6%; Domestic institutions: +2.8 points over 8 quarters, to 7.3%; Promoters: +0.0 points over 8 quarters, to 60.7%. Why the owners changed: foreign institutions drove it (+3.0 points), together with domestic institutions (+2.8 points). They raised their stake step by step. ## How far is Garware Hi Tech Films from balance-sheet trouble? For Garware Hi Tech Films Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Garware Hi Tech Films rank in its industry? 68.5 out of 100, rank 1 of 3 in Packaging - Films, with 97% of the evidence available. Garware Hi Tech Films Ltd scores 68.5 out of 100 against the 3 companies it is compared with in Packaging - Films, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 30.8 + 18.6 + 5.1 + 14 = 68.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Garware Hi Tech Films compared with? Garware Hi Tech Films ranks 1 of 3 Packaging - Films companies on the 4-Factor Sector Score, with 68.5 out of 100. 1. Garware Hi Tech Films Ltd this page GRWRHITECH · leader · Most evidence points up · 97% evidence 68.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.8/35 · Revenue 14.7% · Profit 36.1% · Operating margin change 3 points · 100% evidence Capital efficiency 18.6/25 · ROCE 18.1% · Operating margin 24% · 100% evidence Valuation 5.1/20 · P/E 38× · PEG 2.08 · 85% evidence Relative strength 14.0/20 · Lead over its industry 27.3% · Lead over NIFTY 500 41.6% · 1 year 104.4% · 100% evidence · 10 of 12 weeks ahead Exact sum: 30.8 + 18.6 + 5.1 + 14 = 68.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Ester Industries Ltd](https://www.sectoralpha.in/stocks/ester-industries-ltd) ESTER · breaking out · Too little evidence to rank firmly · 53% evidence 36.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.3/35 · Revenue 10.1% · Profit -80% · Operating margin change 5 points · 65% evidence Capital efficiency 2.6/25 · ROCE 2.8% · Operating margin 11% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.1% · 1 year -20.6% · 25% evidence · 5 of 12 weeks ahead Exact sum: 15.3 + 2.6 + 10 + 8.9 = 36.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [XPRO India Ltd](https://www.sectoralpha.in/stocks/xpro-india-ltd) XPROINDIA · quiet · Most evidence points down · 78% evidence 32.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue -1.2% · Profit 76.6% · Operating margin change 10.8 points · 65% evidence Capital efficiency 7.7/25 · ROCE 3.8% · Operating margin 9.1% · 100% evidence Valuation 5.0/20 · P/E 72.6× · PEG 4.64 · 50% evidence Relative strength 0.5/20 · Lead over its industry -15.9% · Lead over NIFTY 500 -3.9% · 1 year -8.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 18.8 + 7.7 + 5 + 0.5 = 32 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Packaging - Films](https://www.sectoralpha.in/sectors/packaging-films), all 3 compared on one page. ## Which companies are close to Garware Hi Tech Films in size? Garware Hi Tech Films is the largest of 3 Packaging - Films companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: XPRO India and Ester Industries. ### Packaging - Films companies close in size

1. Garware Hi Tech Films Ltd ₹16,203 crore
2. [XPRO India Ltd](https://www.sectoralpha.in/stocks/xpro-india-ltd) ₹2,370 crore
3. [Ester Industries Ltd](https://www.sectoralpha.in/stocks/ester-industries-ltd) ₹922 crore

[All 3 Packaging - Films companies, largest first](https://www.sectoralpha.in/sectors/packaging-films#all-companies)

### Companies close in size in other industries

1. [Syngene International Ltd](https://www.sectoralpha.in/stocks/syngene-international-ltd) ₹16,256 crore · Pharma - API & CRAMS
2. [Computer Age Management Services Ltd](https://www.sectoralpha.in/stocks/computer-age-management-services-ltd) ₹16,243 crore · Finance - Capital Markets - RTA
3. Garware Hi Tech Films Ltd ₹16,203 crore
4. [Dr Agarwals Health Care Ltd](https://www.sectoralpha.in/stocks/dr-agarwals-health-care-ltd) ₹16,144 crore · Hospitals/Medical Services
5. [Elgi Equipments Ltd](https://www.sectoralpha.in/stocks/elgi-equipments-ltd) ₹16,132 crore · Compressors

## What else do people ask about Garware Hi Tech Films? ### What is Garware Hi Tech Films's share price today? Garware Hi Tech Films Ltd's share price is ₹7,544.50, +121.5% over the past year. The whole company is worth ₹17,528 Cr on the market. It is at its highest price of the past 52 weeks (range ₹2,868 to ₹7,545), 28.7% above its 200-day average. The price has been rising for 35 weeks (as of 4 November 2026). ### What were Garware Hi Tech Films's latest quarterly results? Garware Hi Tech Films Ltd reported revenue of ₹696 Cr and net profit of ₹129 Cr for the Sep 2026 quarter. Revenue rose 22.1% and profit rose 41.8% compared with a year earlier. Earnings per share were ₹55.72 (as of 4 November 2026). ### What is Garware Hi Tech Films's market cap? Garware Hi Tech Films Ltd's market capitalisation is ₹17,528 Cr at a share price of ₹7,544.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Garware Hi Tech Films performing? Garware Hi Tech Films Ltd's share price has been rising for 35 weeks. In its latest quarter, revenue rose 22.1% and profit rose 41.8% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 6 weeks running (as of 4 November 2026). ### Will Garware Hi Tech Films's share price go up? This page does not forecast Garware Hi Tech Films Ltd's share price. What it shows instead: the share price is ₹7,544.50, and it has been rising for 35 weeks. Its P/E of 41.1× is higher than 96% of its own last 11 years (as of 4 November 2026). ### Who owns Garware Hi Tech Films? Promoters own 60.7% of Garware Hi Tech Films Ltd, foreign institutions 4.6%, domestic institutions 7.3% and the public 27.4% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 3.0 percentage points over 8 quarters (as of 4 November 2026). ### Does Garware Hi Tech Films have too much debt? No, Garware Hi Tech Films Ltd has little debt: its debt is 0.00× its equity, and its operating profit is 54 times its interest bill. FY26 borrowings were ₹0.0 Cr against equity of ₹2,656 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is Garware Hi Tech Films in its business cycle? Garware Hi Tech Films Ltd's FY26 operating margin was 21.0%, against a 13-year range of 7.0% to 22.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 24.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Garware Hi Tech Films story? The main question: the share price moved +121.5% in a year while yearly earnings per share moved +2.1%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Garware Hi Tech Films a stock worth studying right now? What the numbers show: Garware Hi Tech Films Ltd's share price has risen faster than its earnings: +121.5% in a year, against +2.1% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Garware Hi Tech Films share price forecast for 2026? What management itself guided: FY27 revenue above ₹2,500 crore reaffirmed; FY28 goal above ₹3,000 crore. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.