Top Tweets for #GarwareTech
Garware Technical Fibers Ltd : Share Buyback Update
Day 4 (01-06-2026) demand details for the ongoing buyback.
#buyback #Garwaretech #buybackbid #tenderroute
#StocksToWatch | Here's a list of stocks in focus going into trade today
🔴#GarwareTech: Net profit down 19.5%, margin flat at 23% (YoY)
🔴#HGInfra: Excludes #MSRDC orders worth ₹4,100 cr from order book amid uncertainty
🔴#EmbassyDvpts: EBITDA loss vs EBITDA, revenue down 61% YoY
Here's more👇
Textiles may be next to move! Focus on #KPRMills, #GarwareTech, #Arvind as exports revive & China+1 kicks in. Early stage breakout zone. 🧵🌍 #TextileStocks #IndiaExports #InvestSmart
After Long Long Time ✍️
My Screener Recorded 13 High Volume Scrips
Registering a Gain above 10% 🔥🔥
#JindWorld +20%
#Aurinpro +19.8%
#BFUtilities +18.5%
#CyientDLM +15%
#GarwareTech +15%
#AegisLogistics +14.7%
#BEML +14%
#AkzoNobel +12%
#GPTInfra +11.5%
#ThangamayilJewel +11%
#RHIM +10.65%
#PearlGlobal +10%
#FirstSource +10%
Market Breadth Improving
Bulls Making Entry
#NSE #NIfty #SenseX
बहुत दिनों के बाद हरियाली देखने को मिली है
#GarwareTech
Garware Technical Fibres Ltd
#Garware
#Shritech #garwaretech #StocksInFocus #SME #StocksToBuy @ManickamRavich1
📌🔥Shri Jagdamba Polymers Ltd a group company of Shri Techtex Limited has delivered 20,835%✅ returns(all time).
📌Taparia family bought 9,74,000 shares (13.17%✅ of free float) in Shri Techtex ltd. They also had invested heavily in Shri Jagdamba Polymers Ltd.
📌Incorporated in 2011, Shri Techtex Limited manufactures Polypropylene (PP) Non-Woven Fabric, which is used for ecological applications, especially in fields and industries where disposable or single-use products are necessary, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods.
📌MANUFACTURING EXCELLENCE:
One of Shri Techtex's strengths lies in its state-of-the-art manufacturing facility located in Simaj, Dholka Taluka, Gujarat. With a sprawling expanse of 41,548 square meters and a production capacity of 3,600 metric tons of PP non-woven fabric annually, the company has positioned itself as a formidable player in the industry. This capacity is pivotal in meeting the demands of its diverse client base, which extends beyond India to countries such as the USA, Taiwan, Canada, Denmark, and China.✅
📌PRODUCT RANGE:
Shri Techtex Limited manufactures a wide range of technical textile products, with a primary focus on Polypropylene (PP) Non-Woven Fabric. This versatile fabric finds applications in various industries, including:
1. Ecological Applications: PP Non-Woven Fabric is ideal for ecological applications, especially in fields and industries where disposable or single-use products are essential. It is used in organic farming, hospitals, healthcare facilities, nursing homes, and ecological packaging.
2. Automotive Industry:Shri Techtex's products are used in vehicle upholstery seat fabrication, providing comfort and durability.
3. Home Furnishing: PP Non-Woven Fabric is employed in home textiles, including blankets, coverings, and upholstery layers.
4. Industrial Solutions: The fabric is a crucial component in industrial and consumer goods, offering strength, stability, and environmental resistance.
5. Construction Industry: Shri Techtex manufactures Non-Woven Geotextile, used in construction activities such as earth stabilization, erosion control, roadways, drainage, and more.
6. Roofing Underlayment: The company produces Spunbond non-woven synthetic roofing underlayment, an innovative alternative to traditional tar paper, suitable for both metal and shingle roofs.
7. Insulation Non-Woven Fabric: Shri Techtex manufactures non-woven fabrics for thermal insulation applications, offering excellent thermal barriers with low grammages.
8. Furniture Industry: The company's non-woven fabric is used in backing carpets, wall coverings, blankets, furniture systems, upholstery layers, filters, and tablecloths.
📌Shri Techtex is planning an expansion by adding new products like PP Tufted Fabric, commonly known as Artificial Grass and PP Multifilament Yarns. The company will purchase new specialized machinery for manufacturing the new products, and is expecting to commence production by October 2023. The machinery will have an installed capacity to manufacture 1200 tons per annum for the PP Multifilament and 30 Lakhs Sq Meters per annum for PP Tufted Fabric (Artificial Grass).✅
📌In order to improve its product portfolio, STL is planning for business expansion by adding new business lines viz—manufacturing of Hot Melt Coating Lamination and PP Multifilament Yarn.✅
📌📌📌
▪️current P/E: 24 💫 ,
(Listed peer- Garware technical fibres at 38 P/E)
▪️NSE code: SHRITECH
▪️CMP: Rs.88
▪️Market cap: 220 Cr
▪️Return on Equity (ROE): 35.84%
▪️Return on Capital Employed (ROCE): 20.07%
▪️Debt/Equity Ratio: 1.07
▪️Return on Net Worth (RoNW): 30.54%
▪️52 Week High: 93.80 on 08-Aug-2023
▪️52 Week Low: 77.20 on 04-Aug-2023
▪️Post Issue Share Holding: 70.34%
📌In FY23 it reported 58CR revenue and 9.1 CR PAT which is 16%. (its peer company garware technical fibers ltd has 12.6% pat margin and shubham polyspin has 1.8% pat margin).
▪️(✅Management is confident to achieve 80+CR revenue in FY24.)
📌ShriTech's IPO objectives:
1. Construction of Factory Shed : Funds were allocated to the construction of a factory shed, likely to expand the company's manufacturing infrastructure.
2. Commissioning of Solar Plant : The company planned to invest in a solar plant, possibly as a sustainable energy source for its operations.
3. Purchase of Machineries: Capital was earmarked for the acquisition of new machinery and equipment, which could be essential for increasing production capacity or improving efficiency and other general purpose.
📌FUTURE GROWTH:
▪️In November 2021, Minister of Textiles, Commerce and Industry, Consumer Affairs & Food and Public Distribution, Mr. Piyush Goyal, stated the desire to target a 3-5x time increase in the export of technical textiles worth US$ 10 billion over the next three years.
▪️The production-linked incentive (PLI) scheme for man-made fibre and technical textiles will help boost manufacturing increase exports and attract investments into the sector.✅
▪️The demand for Technical Textiles was pegged at USD 165 Bn in the year 2018 and is expected to grow up to USD 220 Bn by 2025.
The current Indian technical textiles market is estimated at USD 19 Bn, growing at a CAGR of 12% since past five years.✅
📌disclosure: Not a buy recommendation. only for study and education purpose. please consult your financial advisor before investing.
#Shritech #garwaretech #StocksInFocus #SME #StocksToBuy @ManickamRavich1
🔥🔥📌Taparia family bought 9,74,000 shares (13.17%✅ of free float) in Shri Techtex ltd today.
📌📌In November 2021, Minister of Textiles, Commerce and Industry, Consumer Affairs & Food and Public Distribution, Mr. Piyush Goyal, stated the desire to target a 3-5x time increase in the export of technical textiles worth US$ 10 billion over the next three years.✅️
📌📍 Shri Techtex Limited manufactures Polypropylene (PP) Non-Woven Fabric, which is used for ecological applications, especially in fields and industries where disposable or single-use products are necessary, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods.
📌Its manufacturing facility is situated in Ahmedabad District of Gujarat with a manufacturing capacity of 3600 MT PP non-woven fabric per annum. The manufacturing facility is spread across 41548 sq. meters.
📌It has derived revenue from exports to countries namely the USA, Taiwan, Canada, Denmark and China.✅️
📌In order to improve its product portfolio, STL is planning for business expansion by adding new business lines viz—manufacturing of Hot Melt Coating Lamination and PP Multifilament Yarn.✅️
📌Shri Techtex is planning an expansion by adding new products like PP Tufted Fabric, commonly known as Artificial Grass and PP Multifilament Yarns. The company will purchase new specialized machinery for manufacturing the new products, and is expecting to commence production by October 2023. The machinery will have an installed capacity to manufacture 1200 tons per annum for the PP Multifilament and 30 Lakhs Sq Meters per annum for PP Tufted Fabric (Artificial Grass).✅️
📌In FY23 it reported 58CR revenue and 9.1 CR PAT which is 16%. (its peer company garware technical fibers ltd has 12.6% pat margin and shubham polyspin has 1.8% pat margin).
current P/E: 24 💫 ,
(Listed peer- Garware technical fibres at 38 P/E)
NSE code: SHRITECH
CMP: Rs.89
Market cap: 223 Cr
Post Issue Share Holding: 70.34%
✅️Management is confident to achieve 80+CR revenue in FY24.
📌Future Growth:
1)The production-linked incentive (PLI) scheme for man-made fibre and technical textiles will help boost manufacturing increase exports and attract investments into the sector.✅️
2)The demand for Technical Textiles was pegged at USD 165 Bn in the year 2018 and is expected to grow up to USD 220 Bn by 2025.
The current Indian technical textiles market is estimated at USD 19 Bn, growing at a CAGR of 12% since past five years.✅️
📌disclosure: Not a buy recommendation. only for study and education purpose. please consult your financial advisor before investing.
#Shritech I have bought this at listing today.
reasons:
competition with listed players like #garwaretech
ROCE: 23%, ROE: 35.6%, RoA:14.4%, OPM: 22%. cashflow not good
exports to countries : USA, Taiwan, Canada, Denmark & China
bit undervalued
GARWARE TECH
BOARD MEET ON 21 OCT. TO CONSIDER ON BUYBACK
#GARWARETECH #BUYBACK #SHAREBUYBACK #NSE #BSE
#GarwareTech
#MomentumInvesting
#BeWithWinner
#Holding
@anand_luhar @Arpit1223 @SuccessIsMyJob @Ankkur_Patell
The story of a powerful Technical pattern. The 'reversal' of H&S. Entry above Right shoulder (pink line). Both companies displayed below unrelated business wise. Ideal entry for #GarwareTech around 215-220, For #AnupEngineering 610-620. Lets see how Anup plays out. Saddle up! 🥷
#GarwareTech
#ResearchReport
#BeWithWinner
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