Garware Technical Fibres (Earlier: Garware Walropes)

(Vivek Gautam) #190

Any Pune VPer planning to attend the Garware AGM on 11 Sep 2018? pl DM me in case of queries n other info

(Vivek Gautam) #191

A good article on Garware Tech Fibre

(dprashant) #192

Did any one attend the AGM last month ?

(rkothuri) #193

That could be because they are taking the working capital loans at a much significant less interest rate and are probably getting high interest on the investments.

I have got interest in this counter due to resilience of share price in this falling markets.

Other points to note:

  • Looking at Q2 FY19 results there is capital work in progress of around 6 cr. Company might be started deploying cash which is otherwise in last few years there is no capex.
  • Company has done a tremendous job of improving the margins from last few years. Are these margins going to be sustained?