Garware-Wall Ropes (GWRL), a dominant player in the domestic market, produces ropes, fishnets, sports nets and polyester slings. It markets polyester ropes under the brand name of Maxiflex.

GWRL's products are in demand mainly in marine applications like messenger lines, mooring lines, on-board oil rigs, oil explorations, construction, fishing and sports nets.

Segment-wise performance. The company's business mainly constitutes of two segments—synthetic cordage and fibre, and industrial products. Both the segments' profitability has gone up by 11 and 15 per cent, respectively, last year.

Financials. Net sales in the last quarter have gone up by 9.48 per cent. The operating and net profits have gone up by 22.27 per cent and 7.48 per cent to Rs 13.90 crore and Rs 6.90 crore, respectively, in the quarter ended December 2007 from the same period last year.

Image: A fisherman throws a net into the Dal Lake in Srinagar. Besides ropes, GWRL produces fishnets too. | Photograph: Rouf Bhat/AFP/Getty Images

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