Garware Hi-Tech Films Ltd has received Board approval on May 06, 2026, for a new Lamination Line (SCF) at Waluj, Chhatrapati Sambhaji Nagar, Maharashtra, with an estimated investment of ₹191 crores plus applicable taxes. The project will add 1200 LSF per annum to the existing capacity of 4200 LSF per annum, which is currently operating at optimum utilisation levels. The expansion is expected to be completed within 14 months through internal accruals, reflecting the company's financial self-sufficiency in funding this growth initiative. The company has stated that the expansion is aimed at catering to future growth, underscoring its focus on scaling up production infrastructure in Maharashtra.
Garware Hi-Tech Films Ltd, a BSE 1000 company engaged in manufacturing Sun Control Films, Paint Protection Films and other Speciality Films, has announced a 120% dividend of ₹12 per equity share for the financial year 2025-26. According to the company's exchange filing, the dividend is subject to approval of members at the ensuing Annual General Meeting (AGM). The stock responded positively to the announcement, with shares ending at ₹5,038.60, up 571.65 or 12.80% from the previous closing of ₹4,466.95 on the BSE. The company has also announced the ₹191 crore capex towards a state-of-the-art SCF line with approximately 1,200 LSF capacity addition, expected to commence commercial production in June 2027.
The company delivered exceptional fourth quarter results with consolidated net profit growing 38.5% year-on-year to ₹108 crore against ₹78 crore in the year-ago period. Revenue from operations came in at ₹597 crore, reporting an increase of 8.9% YoY from ₹548 crore in Q4 FY25. EBITDA surged 29% YoY to ₹157 crore in Q4 FY26 against ₹121 crore posted in Q4 FY25, with EBITDA margin improving 409 basis points YoY to 26.2% from 22.2%. For the full financial year 2026, the company achieved revenue of ₹2,120 crore (highest ever), EBITDA of ₹500 crore (margin 23.6%), and PAT of ₹338 crore (margin 16.0%).
The stock has demonstrated strong performance across multiple timeframes, with shares giving a return of 31.92% in the last one week, 36.10% in one month, 18.76% in past three months, and 70.26% in one year. On a year-to-date basis, the shares have delivered a return of 62.68%, while the stock has climbed 203.46% over two years. According to reports from ET Now, this performance reflects the company's strong execution and operating discipline, achieved in an extremely challenging external environment. The company unveiled 3 new products including sustainable TPU-based UV printable films for complex applications, PDLC speciality films (Privacy on Demand) and Graphic Solutions during the period.
