Buy Garware-Wall Ropes Ltd. target Rs 1025: Anand Rathi

Anand Rathi has buy call on Garware-Wall Ropes Ltd. with a target price of Rs 1025. The current market price of Garware-Wall Ropes Ltd. is Rs 855.85 Time period given by analyst is year when Garware-Wall Ropes Ltd. price can reach defined target.

Garware-Wall Ropes Ltd., incorporated in the year 1976, is a Small Cap company (having a market cap of Rs 1770.81 crore) operating in Textiles sector.

Garware-Wall Ropes Ltd. key Products/Revenue Segments include Nettings which contributed Rs 431.66 crore to Sales Value (52.05 % of Total Sales), Twines, Ropes & Yarns which contributed Rs 290.03 crore to Sales Value (34.97 % of Total Sales), Traded Goods which contributed Rs 64.87 crore to Sales Value (7.82 % of Total Sales), Coated Fabrics which contributed Rs 30.05 crore to Sales Value (3.62 % of Total Sales), Woven Fabrics which contributed Rs 8.13 crore to Sales Value (0.98 % of Total Sales) and Metal Gabions which contributed Rs 4.45 crore to Sales Value (0.53 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of Rs 214.06 crore, up 10.18% from last quarter Sales of Rs 194.28 crore and up 14.99% from last year same quarter Sales of Rs 186.16 crore. Company has reported net profit after tax of Rs 19.65 crore in latest quarter.

The company’s top management includes Dr.S S Rajpathak, Mr.Ashish Goel, Mr.R M Telang, Mr.S P Kulkarni, Mr.V R Garware, Ms.M V Garware. Company has Patki & Soman as its auditors. As on 31-03-2017, the company has a total of 21,882,060 shares outstanding.