Garware Technical Fibres Limited — PPTs, 08-03-2026: Investor Presentation

Garware Technical Fibres (GTFL), a debt-free leader in technical textiles, shared updates across its key segments.

**Business Performance:** GTFL's Aquaculture solutions, like HDPE netting, tackle challenges such as fish escapes and bio-fouling. The global salmon industry shows robust demand (up 10% in 2025), with stable prices, despite expected low supply growth in 2026. The Value Added Ropes (VAR) business, enhanced by the OTS acquisition, posted planned financial performance in 2025, boosting ROCE and EPS. The Geosynthetics division reported strong top-line and profit growth, especially in Rockfall and Landfill & Lining, with significant order wins improving future visibility.

**Growth Drivers & Strategy:** GTFL focuses on innovative, application-focused solutions. Key strategies include expanding VAR post-acquisition and driving Geosynthetics growth through slope protection, landfill & lining, and international business. The company targets major opportunities in Indian Railways (₹280,000 Cr capex) and Roads & Tunnels (₹390,000 Cr MoRTH capex). Sustainability efforts aim for carbon neutrality with targets like 65% renewable energy.

**Recent Developments:** The OTS acquisition strengthened the VAR portfolio, and new product development is gaining customer interest. Geosynthetics secured big order wins, enhancing visibility for the next year.

**Key Financial Metrics:** GTFL remains debt-free with an AA+ long-term ICRA rating. VAR contributed positively to ROCE and EPS in 2025.

**Management Commentary / Outlook:** Management plans to leverage strategic segments like Geosynthetics in infrastructure projects, focusing on domestic and export growth, alongside a strong commitment to innovation and sustainability.