Garware Hi-Tech Films shares deliver 98.60 per cent return in one year
InCred Equities has maintained a 'Buy' rating for the Mumbai-headquartered company with a target price of ₹7,880 per share.
Shares of Garware Hi-Tech Films Limited (GHFL) have delivered a 98.60 per cent return over the last year, according to a report by Mint. The stock closed at ₹6,983.30 on the BSE on Friday, October 30, marking a 0.39 per cent decrease for the day.
The Mumbai-headquartered specialty films maker recorded its highest ever quarterly revenues of ₹696 crore in the second quarter of financial year 2026-27. This represents a 22 per cent increase on an annual basis and approximately 10 per cent growth on a sequential basis.
The company's EBITDA stood at ₹169 crore, which was a 42 per cent annual growth. GHFL remains debt-free with ₹933 crore in cash and liquid investments, according to InCred Equities.
InCred Equities maintained a 'Buy' rating for the stock with a target price of ₹7,880 per share, suggesting a 12 per cent upside potential. The brokerage noted that strong operational momentum and backward integration could boost the outlook.
Management has upgraded its FY27 reported EBITDA margin guidance to 25-29 per cent from 23-27 per cent. The company has also reaffirmed a ₹2,500 crore revenue target with a medium-term 15-20 per cent CAGR targeting INR 3,500 crore.