₹ 912.55 +27.20 (3.07%)
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Overview
- BSE Code 509557
- NSE Symbol GARFIBRES
- ISIN Demat INE276A01018
- Book Value (₹) 122.92
- Face Value (₹) 10.00
- Market Cap (₹ Cr.) 9,244.63
- P/E (TTM) 43.18
- EPS (TTM) 21.57
- Div Yield (%) 0.16
Performance
Corporate Actions
Garware Technical Fibres Limited - Disclosure under SEBI Takeover Regulations
Apr 28, 2025Vayu R. Garware has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
About Garware Technical Fibres Ltd
Incorporated on 1 Apr.'76 in Bombay, Garware-Wall Ropes was promoted by Garware Filament Corporation and Wall Ind. Inc, US. In 1987, Wall Ind. divested its shareholding which was taken up by the promoters. The company manufactures synthetic yarn, cordage, twine, fishnet webbings & polypropylene multi-filament yarn. It came out with a rights issue in Nov.'95 to part-finance the manufacture of synthetic cordage and fishnet webbings at Wai and the expansion of its capacity in Pune.
The company broadened its footprint operations into into a technical collaboration with Toyo Kogyo, Japan, to manufacture fishnet webbing machines. It has decided to created and deployed a subsidiary in the US. The company finalised a joint venture with a Danish company to created and deployed a 100% EOU to manufacture braided wires. It has decided to diversify into the manufacture of heat-resistant rubber tension tapes and threads used in the garment industry. A plant at Manchester belonging to Rotunda, UK, is being dismantled and will be re-erected in Wai by Mar.'96.
In domestic market, Company concerted efforts in reaching out to the end-users have not only resulted in the imporvement of market share, but also enhanced the brand equity enjoyed by the Company products. Company has opened branch office in USA which enable to obtain a strong foothold in the growth American market.
The company has been awarded the Top Exporter Awards for the year 1998-99 during 1999-2000, both in "Fishnets/Fishing Line" and "Ropes" by `The Plastics Export Promotion Council'. The company has planned to develop Raschel nets for fish farming.
Founded | : 1976 |
Chairman | : V R Garware |
Managing Director | : V R Garware |
Address | : Plot No 11 Block D-1, MIDC Chinchwad, Pune, Maharashtra, 411019, |
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