Garware Technical FibresNSE:GARFIBRES +2.15%88 ROE % is 16.91% as of Mar. 2026, which is 13% below its 10-year median of 19.47. GuruFocus rates NSE:GARFIBRES with a GF Score™ of 88/100 and a GF Value™ of ₹824.27 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,022 Manufacturing - Apparel & Accessories companies, Garware Technical Fibres ranks better than 83.86% on this metric.
The historical rank and industry rank for Garware Technical Fibres's ROE % or its related term are showing as below:
NSE:GARFIBRES'
s ROE % Range Over the Past 10 Years
Min: 15.3 Med: 19.47 Max: 21.4
Current: 15.3
During the past 13 years, Garware Technical Fibres's highest ROE % was 21.40%. The lowest was 15.30%. And the median was 19.47%.
NSE:GARFIBRES's ROE % is ranked better than 83.86% of 1022
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.085
vs NSE:GARFIBRES: 15.30
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
* 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.
For the Textile Manufacturing subindustry, Garware Technical Fibres's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Garware Technical Fibres's ROE % distribution charts can be found below:
* The bar in red indicates where Garware Technical Fibres's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Garware Technical Fibres (NSE:GARFIBRES) has a ROE % of 16.91% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Garware Technical Fibres and its competitors. This is 13% below median its historical median of 19.47. Over the past decade, Garware Technical Fibres' ROE % has ranged from 15.30 to 21.40. According to the industry distribution chart, Garware Technical Fibres ranks #165 out of 1022 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 16.1%.
Is Garware Technical Fibres' ROE % too high?
Garware Technical Fibres' current ROE % of 16.91% is 13% below median its 10-year median of 19.47. Over the past 10 years, this metric has ranged from a low of 15.30 to a high of 21.40. The Manufacturing - Apparel & Accessories industry median ROE % is 4.09. Garware Technical Fibres' value of 16.91% is 314% above this industry median. Based on the distribution chart, Garware Technical Fibres ranks #165 out of 1022 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Garware Technical Fibres has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garware Technical Fibres' ROE % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Garware Technical Fibres ranks #165 out of 1022 companies for ROE %. This places Garware Technical Fibres in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 4.09. Garware Technical Fibres' value of 16.91% is 314% above this benchmark. Historically, Garware Technical Fibres' own ROE % has ranged from 15.30 to 21.40 over the past decade. While the company's 10-year median is 19.47 vs. the industry median of 4.09, Garware Technical Fibres has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.09, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Garware Technical Fibres's current ROE % of 16.91% is 314% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Garware Technical Fibres and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Technical Fibres's current ROE % is 16.91%, which is 13% below median its own 10-year median of 19.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Technical Fibres stock overvalued right now?
Based on GuruFocus' analysis, Garware Technical Fibres (NSE:GARFIBRES) is currently considered Fairly Valued. The stock's GF Value™ is ₹824.27, compared to a current price of ₹765.65 — trading 7.1% below its estimated fair value. The current ROE % is 16.91%, which is 13% below median its 10-year median of 19.47 and 314% above the Manufacturing - Apparel & Accessories industry median of 4.09. Garware Technical Fibres' overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Garware Technical Fibres (NSE:GARFIBRES), the current ROE % is 16.91% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Garware Technical Fibres (NSE:GARFIBRES) Overvalued in 2026?
Based on GuruFocus' analysis, Garware Technical Fibres stock appears to be undervalued.
The current stock price of ₹765.65 is trading 7.1% below its estimated GF Value™ of ₹824.27.
GuruFocus considers Garware Technical Fibres to be Fairly Valued.
Key valuation signals for NSE:GARFIBRES:
ROE %: 16.91% (13% below median its 10-year median of 19.47)
GF Value™: ₹824.27 vs. price of ₹765.65 (7.1% below fair value)
Industry Position: 314% above the Manufacturing - Apparel & Accessories median (#165 of 1022)
No single metric tells the full story. See the NSE:GARFIBRES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garware Technical Fibres Ltd is involved in the textile business. It provides application-focused solutions for various sectors including deep-sea fishing, aquaculture, shipping, agriculture, sports, infrastructure, and transportation. The company and its subsidiaries manufacture and sell various products such as ropes, twine, yarn, fishnet, other nets, and technical textiles. Its operating segments are; Synthetic Cordage, and Fibre and Industrial Products and Projects. The maximum revenue is derived from its Synthetic Cordage segment. Geographically, the company caters to both domestic and international markets of which, maximum revenue is generated from international markets through its customers located outside India.
88GF Score
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