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Garware Technical Fibres Stock Fundamental Analysis - Financial Results & Equity Research | Investyadnya Stock-o-Meter

Garware Technical Fibres

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Highlights

Performing rate for the company

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Major Shareholders

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Shareholders more than 1%

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Documents

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Overview

Garware Technical Fibres (GTFL) is a leading manufacturer of technical textiles and a pioneer in the industry, holding ISO 14001:2015 certification. The company delivers innovative, valueadded solutions across diverse sectors - from food production to infrastructure development - with a strong presence in domestic and international markets. Its products are manufactured at state-of-the-art facilities in Wai and Pune, Maharashtra, and marketed in several countries worldwide. 

GTFL commands significant market share and brand visibility in diverse segments such as domestic fisheries, shipping, international aquaculture, geosynthetic solutions, and sports products. GTFL's sustained focus on innovation, backed by robust research capabilities and process excellence, has enabled it to address evolving market demands while consistently enhancing customer value. 

The company was established in 1976 with the name of Garware-Wall Ropes Ltd. Further, the company officially changed its name to Garware Technical Fibres Limited (GTFL) in April 2018.

Business area of the company

The company is engaged in manufacturing and selling various products such as Ropes, Twine, Yarn, Fishnet, Other Nets and Technical Textiles. The company is providing solution to the infrastructure industries which include coastal protection, land filling etc. The Company caters to both domestic and international markets.

Awards and recognitions

  • 2015: 2nd Most Innovative Exporters 2015
  • 2015: Award for Best Aquaculture Cage Net Manufacturer
  • 2015-16: Top Exporter Award for their outstanding performance in the Fish Netting export category and Ropes category
  • 2016-17: Top Exporter Award for their outstanding performance in the Fish Netting export category and Ropes category
  • 2017: Highest Exporter Award 2017
  • 2019: India Green Manufacturing Challenge 2019
  • 2020: The Economic Times Polymers Awards 2020
  • 2022: Performance Excellence Award 2021-22
  • 2023: Recognized as four-star export house by the DGFT, Ministry of Commerce, Govt of India.

Milestones

  • 1976: Technical and financial collaboration with Wall Industries, (USA) (Formation of Garware-Wall Ropes Ltd)
  • 1980: Akurdi Factory 8 strand rope machines commissioned.
  • 1982: Became the largest in synthetic fishing ropes, heavy marine ropes and fish-net twines in India.
  • 1985: Started exporting to Europe 
  • 1994: Expanded operation at Wai-Second Manufacturing unit
  • 1998: Started the Geosynthetics devision
  • 2006: Establishment of Net Assembly Unit at Wai to support International operations
  • 2006: Aquaculture in Norway
  • 2012: Expanded Aquaculture business into Chile
  • 2012: Received the first patent
  • 2018: HDPE aqua-culture nets with build-in anti-fouling agent introduced
  • 2018: Received the award for sports exporter from India
  • 2018: Garware-Wall Ropes Ltd. officially changed its name to Garware Technical Fibres Limited (GTFL) in April 2018
  • 2021: Company crossed Rs 1000 crore turnover.
  • 2022: Ranked 49 in Great Place to Work
  • 2023: GTEL is amongst the top 25 of India’s best workplace in Manufacturing 2023
  • 2025: The company has been recognized among 'Top 50 India’s Best Workplaces Building a Culture of Innovation by All - Large category'
  • 2025: GTFL strengthened its market position, achieving a market capitalization of over $1 billion.

Brands Of Garware Technical Fibres

Brands Of Garware Technical Fibres

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