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Garware Technical Fibres (NSE:GARFIBRES) Operating Margin % : 16.15% (As of Dec. 2023)


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What is Garware Technical Fibres Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Garware Technical Fibres's Operating Income for the three months ended in Dec. 2023 was ₹467 Mil. Garware Technical Fibres's Revenue for the three months ended in Dec. 2023 was ₹2,894 Mil. Therefore, Garware Technical Fibres's Operating Margin % for the quarter that ended in Dec. 2023 was 16.15%.

Good Sign:

Garware Technical Fibres Ltd operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for Garware Technical Fibres's Operating Margin % or its related term are showing as below:

NSE:GARFIBRES' s Operating Margin % Range Over the Past 10 Years
Min: 7.48   Med: 14.94   Max: 17.22
Current: 17.22


NSE:GARFIBRES's Operating Margin % is ranked better than
91% of 1044 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 3.84 vs NSE:GARFIBRES: 17.22

Garware Technical Fibres's 5-Year Average Operating Margin % Growth Rate was 0.30% per year.

Garware Technical Fibres's Operating Income for the three months ended in Dec. 2023 was ₹467 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was ₹2,241 Mil.


Garware Technical Fibres Operating Margin % Historical Data

The historical data trend for Garware Technical Fibres's Operating Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Garware Technical Fibres Operating Margin % Chart

Garware Technical Fibres Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.42 15.10 17.00 15.68 15.18

Garware Technical Fibres Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.14 17.57 16.01 18.96 16.15

Competitive Comparison of Garware Technical Fibres's Operating Margin %

For the Textile Manufacturing subindustry, Garware Technical Fibres's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Garware Technical Fibres's Operating Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Garware Technical Fibres's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Garware Technical Fibres's Operating Margin % falls into.



Garware Technical Fibres Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Garware Technical Fibres's Operating Margin % for the fiscal year that ended in Mar. 2023 is calculated as

Operating Margin %=Operating Income (A: Mar. 2023 ) / Revenue (A: Mar. 2023 )
=1963.467 / 12934.822
=15.18 %

Garware Technical Fibres's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=467.42 / 2893.73
=16.15 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Garware Technical Fibres  (NSE:GARFIBRES) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Garware Technical Fibres Operating Margin % Related Terms

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Garware Technical Fibres (NSE:GARFIBRES) Business Description

Traded in Other Exchanges
Address
Plot No. 11, Block D - 1, MIDC, Chinchwad, Pune, MH, IND, 411019
Garware Technical Fibres Ltd is involved in the textile business. The firm provides application-focused solutions for various sectors including deep-sea fishing, aquaculture, shipping, agriculture, sports, infrastructure, and transportation. Its operating segment includes Synthetic Cordage and Fibre and Industrial Products and Projects. The company generates maximum revenue from the Synthetic Cordage segment. Its products include ropes, twine, yarn, fishnet, and other nets.

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