Garware Technical Fibres Limited recommended a final dividend of Re. 1 per equity share (10% on face value of ₹10) for the financial year ended March 31, 2026, the company informed the NSE on May 20, 2026, following a board meeting that also approved its audited standalone and consolidated financial results for Q4 and full-year FY26.

Dividend Details and Total FY26 Payout

The recommended final dividend of Re. 1 per share, subject to shareholder approval, brings the total dividend payout for FY26 to ₹9 per share, combining the interim dividend of ₹8 per share declared on November 7, 2025. At the current market price of ₹635, the total FY26 dividend yield stands at approximately 1.42%, while the final dividend alone represents a yield of roughly 0.16%. The company has a market capitalisation of ₹6,303.38 Cr.

Year-on-Year Comparison and Dividend Trend

The total FY26 payout of ₹9 per share marks a significant increase over FY25, when the company paid a combined ₹9.50 per share, comprising an interim dividend of ₹8 and a final dividend of ₹1.50. However, the final dividend component alone has declined from ₹1.50 in FY25 to Re. 1 in FY26, a reduction of 33%.

The broader trend shows the company substantially increased its total annual distribution starting FY25, driven by the introduction of interim dividends. Prior years relied solely on final dividends, with FY22 representing the peak at ₹7 per share before the current structure was adopted.

Valuation and Market Context

GARFIBRES is currently trading at a price-to-earnings (PE) ratio of 30.02, which is precisely in line with the sector PE of 30.02, indicating the stock is valued at par with its industry peers. The stock closed at ₹635 on May 20, 2026, down ₹7.20 or 1.12% on the day.

The scrip is trading 34.5% below its 52-week high of ₹970 recorded on July 23, 2025, and approximately 9.5% above its 52-week low of ₹579.75 touched on March 30, 2026. This positions the stock in the lower half of its annual range, closer to recent support levels.

Trading Activity and Delivery Data

On the announcement date, GARFIBRES recorded a traded volume of 33,870 shares with a delivery percentage of 57.09%, which indicates that a majority of trades resulted in actual share transfers rather than intraday squaring off. A delivery percentage above 50% is generally associated with conviction-based positioning. Daily volatility for the stock stands at 2.31%.

Company Background

Garware Technical Fibres Limited is a specialty fibres and technical textiles manufacturer with applications spanning aquaculture, sports nets, and industrial segments. The company operates under ISIN INE276A01018 and is listed on the NSE under the symbol GARFIBRES.

The record date and payment date for the recommended final dividend are yet to be announced, pending shareholder approval at the ensuing Annual General Meeting.