Garware Technical Fibres Share Price returned 37.98% CAGR in 3 years
Garware Technical Fibres Limited (NSE: GARFIBRES) company’s core business segment is into Textile and is been selected for investing long term horizon over an year and above based on the strong fundamental and technical analysis provided here in this article.
Technical analysis indicators; Simple Moving Average (SMA) 200 value 3113.47 which is below the SMA 300 value 3176.53 while the Relative Strength Index (RSI) is showing at 37.23.
The trendline is weak and indicates a bearish momentum ahead. This can be an accumulation period through stock SIP investment option in
Zerodha Trading App
for better stock price averaging while investing.
The market capitalization as on publishing day stands at Rs. 6659/- Crore positioning it in mid cap stocks group listed on NSE India.
What made Garware Technical Fibres Share Price to return 37.98% CAGR in 3 years?
Garware Technical Fibres Share Price is currently trading at Rs.
3020.25
per stock &
Garware Technical Fibres Technical Chart
performance of the stock over the last 3 years of time frame which is considered to be a good investment period shows amazing profits at CAGR 37.98%
& now the opportunities indicates to invest based on above technical & following stock fundamentals.
Garware Technical Fibres's 52 week low price at Rs. 2619.8/- & 52 week high price at 4030/-
Note: The closing price Rs 1149.8/- of stock on 23-07-2019 was considered for CAGR calculation on a 3 years base with respect to the latest closing price.
Garware Technical Fibres Limited
Following are the strong fundamental analysis of Garware Technical Fibres Share Price which will definitely make to think in one of the mid cap companies of India for decent profits for a medium to long term investment horizon.
Fundamental Analysis of Garware Technical Fibres
| Market Capitalization | Rs. 6659 Crore | Return On Equity (ROE) | 18.50% |
| P/E Ratio (TTM) | 40.41 | EPS (TTM) | 79.92 |
| P/B Ratio | 6.86 | Dividend Yield | 0.08% |
| Industry P/E Ratio | 60.88 | Book Value | 470.74 |
| Debt to Equity | 0.08 | Face Value | 10 |
Financial Statement of Garware Technical Fibres
| Yearly | Revenue (Rs. Crores) | Profit (Rs. Crores) | Net Worth (Rs. Crores) |
| 2018 | 886.0 | 105.0 | 537.0 |
| 2019 | 1,018.0 | 126.0 | 650.0 |
| 2020 | 953.0 | 141.0 | 739.0 |
| 2021 | 1,035.0 | 158.0 | 811.0 |
| 2022 | 1,189.0 | 165.0 | 971.0 |
Shareholding Pattern of Garware Technical Fibres
| Promoters | 52.62% |
| Retail Investors | 35.83% |
| Foreign Investors | 7.39% |
| Mutual Funds | 4.15% |
| Other Domestic Institutions | 0.01% |
Garware Technical Fibres Share Price
Garware Technical Fibres Ltd is a Textiles sector based company established in 1976 specialised in technical textile products manufacturing under cutting edge technology from R&D unit & having 6 overseas offices & customers around 75 coutries.
The company provides world class innovative solutions with a team of experienced professionals having techno- commercial expertise with a vast industrial and marketing experience in high performance Aquaculture cage nets, Fishing nets, Sports nets, Safety nets, Agricultural nets, Yarns, Coated fabrics, Polymer ropes and Geosynthetics, Shipping & industrial nets & Synthetic cordage. Read more about Garware Technical Fibres Limited company here from its official website.
Competitors of Garware Technical Fibres
As Garware Technical Fibres comes under Textile sector; there are quiet a few peer competitors to GARFIBRES and here is a list of Top 5 Textile Companies based on market capitalization as on publishing day are as follows…
How to invest in Stock Market with the Best Trading App in India?
Here is the list of top stock brokers in India who made the trading in stock market made hassle free and best user experience with very attractive competitive brokerage charges.
- Zerodha
- Groww
- 5paisa
What makes the best to go for Zerodha Account Opening
Breaking the barriers of brokerage charges among other competitors by the time company incorporated in 2010; Evolve, rise & conquer the market with flat Rs.20/- or less; which ever is low concept, now Zerodha is on India's no.1 position.
Zerodha Kite Features
Why don't to utilize the Stock SIP investing option to invest in Garware Technical Fibres on regular basis on convenient day of every month on Zerodha product Kite. Now Zerodha Account Opening is very easy and Zerodha Demat Account for starting stock SIP investing right now.
Do you know the stock broker who turned-up unicorn: Groww App
The tough competitor now to Zerodha is Groww who turned-up unicorn startup of India facilitating not only the stocks investing but also mutual funds unlike Zerodha only provides stock trading. Groww recently introduced US stocks trading into its new product offering. Why waiting for something else and start investing right now in Garware Technical Fibres with Groww App.
Groww App Download
Excited; how to open Demat account with Groww App; Here we share a link for opening the Demat account with Groww App.
Never forget the senior broker: 5paisa
Senior most broker among the above; 5paisa (a.k.a. IIFL Securities) using different accounts over a period of time; found 5paisa is now in line to the charges and best user experience with the app. So why don’t to consider buying Garware Technical Fibres now, click here to open Demat account with 5paisa App.
References and Links:
- Garware Technical Fibres stock chart: https://chartink.com/stocks/GARFIBRES.html
- About Garware Technical Fibres Company Profile: https://garwarefibres.com/about-us/
- Zerodha Account Open: https://zerodha.com/open-account?c=XT4406
- Groww Account Open: https://app.groww.in/v3cO/ytmyw8ym
- 5paisa Account Open: https://cutt.ly/qLf9zZW
Conclusion
It takes 30 long years to turn Rs.1/- worth Rs.1000/- which means doubling money once in every 3 years at a rate of CAGR 26.67% returns. Early investment start time is NOW else 30 years before :-)
-------+-{@ * * * Happy investing for prosperity * * * @}-+--------
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