Garware Hi-Tech Doubles Investment Value as Revenue Rises

Shares of Garware Hi-Tech Films Limited nearly doubled investors' money over a one-year period, delivering a return of 98.60 percent alongside a year-to-date surge of 125.47 percent. The stock closed with a market capitalization of 16,223.88 crore rupees after ending the week with marginal losses.

The Mumbai-based enterprise posted record quarterly revenues of 696 crore rupees for the second quarter of financial year 2026-27, marking a 22 percent annual increase. Additionally, quarterly EBITDA reached 169 crore rupees, representing a 42 percent growth compared to the previous year.

Financial reports note that the firm remains debt-free with significant cash and liquid investments. Management also revised its EBITDA margin guidance upward while reaffirming its revenue targets.

Brokerage firm InCred Equities maintained a buy rating on the shares with a projected target price of 7,880 rupees. Analysts attribute the positive outlook to operational momentum, specialty product offerings, and backward integration benefits.