Great thread. #Garwaretechfilms is one of the few small caps, thats able create a brand in advanced markets. They compete with the likes of 3m in the US and while it gets valued as a commodity company, it deserves to be trading as a speciality consumer company.
Disc: Invested
Disc: Invested
https://twitter.com/sahil_vi/status/1397036789513089033
A barometer of company's brand strength is it gross margins & Payment terms. GM% are at a great 65% at present( vs 38% for the commodity film companies) and the company offers no credit and works on a cash & Carry model.
Hard to find an Indian company that sells in the US in cash
Hard to find an Indian company that sells in the US in cash
One of the best models is for the company to sell to many small customers & that too in retail. Garware Hitech's customers are the 4000 paint tinters in the US. Their existing brand recognition amongst the tinters for the window films will work well for it paints film business.
Softish results from Garware hitech, will be interesting to hear management commentary in call. 
A very good call from Garware Hitech, margins pressure was due to hike in Raw material which is passed on in the exports markets with a lag. company maintains its guidance of achieving 1500 crores topline by the end of Fy23. Company is also expanding its Window films line by 67%
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