Today’s stock to be analysed is Garware Technical Fibres Ltd
Garware-Wall Ropes Limited was established in 1976 by the visionary philanthropist, late BD Garware in collaboration with Wall Industries Inc., USA. The company is engaged in the manufacturing of ropes, twines and cordage, nettings, multi-filament yarns, and geotechnical nets and fabrics, Specializing in providing total customized solutions to the cordage and infrastructure Industry world-wide, Garware-Wall Ropes Ltd. is a market driven organization, with ‘Customer Delight’ at the core of all that it does.
GWRL owns three manufacturing facilities, all located in Maharashtra.GWRL is one of the largest producers of HDPE nets in the world. The impeccable fishing nets it manufactures at its modern, integrated manufacturing facility are sold in more than 40 countries in the world. It has an established presence in the export market with about 57% of the sales(FY2019) being generated from exports. The company is listed on the Bombay Stock Exchange and National Stock Exchange.
Hope you all will enjoy riding the financial analysis of this aspiring firm.
Credits: Shawn Lopes