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#garware hi-tech films Q4 concall happened today. My key takeaways. If you find the thread useful, please RT so it can be benefit maximum investors.
1. Gross Margins dropped by 5% compared to Q3.
In b/w lines: RM prices increased 5%.
1. Gross Margins dropped by 5% compared to Q3.
In b/w lines: RM prices increased 5%.
However they pass on all price increases to customers with some lag. Will be able to pass on prices July onwards. Should see increase in gross margins July onwards. QoQ margin volatility is bound to be there when RM prices cannot be immediately passed on.
Volatility in stock price is not risk it is an opportunity to buy for an informed investor. Did the value of company change by 10% intraday? No.
#Garware #HiTechFilms Search this company on twitter, all you see is news of @LuckyInvest_AK Ashish sir investing in it. This thread adds some fundamental research about this company, to demystify it. If you like the thread, please retweet so max investors can gain the knowledge 
Primary business of GHTF is manufacturing polyester (PET) films. These are transparent plastic films used for a variety of purposes. Packaging of items. The tint you see on windows (not in India, but abroad) is a PET film. The tint you see on buildings (yes, in India); PET Film.
Not all polyester films were made equal though. The basic PET film is a commodity. Primary use is packaging. There are 11 manufacturers in India. Most PET manufacturers are thus commodity producers. Not GHTF though.
