Garware Marine Industries
GARWAREMARINEINDUSTRIESLTD NSE
Garware Marine Industries
TextilesNSE: GARWAREMARINEINDUSTRIESLTD BSE: 509563 Textile Products
Key Fundamentals
MicrocapTextile ProductsTextilesMarket Cap
₹10.98 Cr
Volatility
Moderate
P/E Ratio
68.4
EBITDA
₹0.20 Cr
Return on Equity
1.42%
Debt to Equity
0
Book Value
₹17.96
EPS
₹0.21
52W High
₹36.5
52W Low
₹17
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 1.07 times its book value
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -3.64% over past five years.
- Promoter holding is low: 37.6%
- Company has a low return on equity of 1.34% over last 3 years.
- Company has high debtors of 1,720 days.
Growth Rate
Revenue Growth
-8.33% lower than
3Y
Net Income Growth
-75% lower than
3Y
Cash Flow Change
100% level than
3Y
ROE
-41.32% lower than
3Y
ROCE
-34.2% higher than
3Y
EBITDA Margin (Avg.)
-60.7% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.2 | 0.16 | 0.15 | 0.15 | 0.41 | 0.29 | 0.27 | 0.24 | 0.26 | 0.26 | 0.3 | 0.26 | 0.31 |
| Expenses | 0.2 | 0.18 | 0.18 | 0.22 | 0.18 | 0.2 | 0.19 | 0.2 | 0.2 | 0.17 | 0.26 | 0.32 | 0.23 |
| Operating Profit | 0 | -0.02 | -0.03 | -0.07 | 0.23 | 0.09 | 0.08 | 0.04 | 0.06 | 0.09 | 0.04 | -0.06 | 0.08 |
| OPM % | 0% | -12.5% | -20% | -46.67% | 56.1% | 31.03% | 29.63% | 16.67% | 23.08% | 34.62% | 13.33% | -23.08% | 25.81% |
| Other Income | 0 | 0 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0 | -0.02 | 0.02 | -0.07 | 0.23 | 0.09 | 0.08 | 0.05 | 0.06 | 0.1 | 0.05 | -0.05 | 0.09 |
| Tax % | — | 0% | 0% | 0% | 17.39% | 11.11% | 12.5% | -120% | 0% | 0% | 0% | 0% | 11.11% |
| Net Profit | 0 | -0.02 | 0.02 | -0.07 | 0.19 | 0.07 | 0.06 | 0.11 | 0.06 | 0.09 | 0.05 | -0.05 | 0.07 |
| EPS in Rs | 0 | -0.03 | 0.03 | -0.12 | 0.33 | 0.12 | 0.1 | 0.19 | 0.1 | 0.16 | 0.09 | -0.09 | 0.12 |
Profit & Loss
| Particulars | Mar 2015 9m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.93 | 1.16 | 0.88 | 1.15 | 1.25 | 1.12 | 1.3 | 1.58 | 1.22 | 0.66 | 1.2 | 1.08 | 1.13 |
| Expenses | 1.7 | 1.88 | 1.54 | 0.95 | 1.02 | 1.04 | 1.15 | 1.57 | 1.1 | 0.78 | 0.76 | 0.96 | 0.98 |
| Operating Profit | -0.77 | -0.72 | -0.66 | 0.2 | 0.23 | 0.08 | 0.15 | 0.01 | 0.12 | -0.12 | 0.44 | 0.12 | 0.15 |
| OPM % | -82.8% | -62.07% | -75% | 17.39% | 18.4% | 7.14% | 11.54% | 0.63% | 9.84% | -18.18% | 36.67% | 11.11% | 13.27% |
| Other Income | 0.2 | 0.81 | 0.28 | 0.14 | 0.02 | 0.02 | 0.01 | 0.01 | 0 | 0.05 | 0 | 0.04 | 0.04 |
| Interest | 0.04 | 0.06 | 0.05 | 0.03 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -0.62 | 0.03 | -0.43 | 0.31 | 0.23 | 0.09 | 0.15 | 0.02 | 0.12 | -0.07 | 0.44 | 0.16 | 0.19 |
| Tax % | 22.58% | 66.67% | 18.6% | 90.32% | 4.35% | 11.11% | 6.67% | 0% | 0% | 0% | 0% | 6.25% | — |
| Net Profit | -0.76 | 0 | -0.51 | 0.03 | 0.22 | 0.08 | 0.14 | 0.01 | 0.12 | -0.07 | 0.43 | 0.15 | 0.16 |
| EPS in Rs | -1.32 | 0 | -0.88 | 0.05 | 0.38 | 0.14 | 0.24 | 0.02 | 0.21 | -0.12 | 0.75 | 0.26 | 0.28 |
| Div. Payout % | 0% | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 |
| Reserves | -0.13 | -0.13 | -0.64 | 1.73 | 0.5 | -0.72 | -0.02 | 5.42 | 2.14 | 5.28 | 12.19 | 4.59 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.91 | 0.6 | 0.63 | 0.92 | 0.84 | 0.69 | 0.7 | 0.29 | 0.31 | 0.44 | 1.21 | 0.27 |
| Total Liabilities | 6.55 | 6.24 | 5.76 | 8.42 | 7.11 | 5.74 | 6.45 | 11.48 | 8.22 | 11.49 | 19.17 | 10.63 |
| Fixed Assets | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.9 | 0.89 | 0.84 | 3.09 | 1.64 | 0.38 | 0.93 | 6.54 | 2.95 | 6.32 | 13.68 | 4.89 |
| Other Assets | 5.63 | 5.33 | 4.91 | 5.31 | 5.45 | 5.35 | 5.51 | 4.92 | 5.25 | 5.16 | 5.47 | 5.72 |
| Total Assets | 6.55 | 6.24 | 5.76 | 8.42 | 7.11 | 5.74 | 6.45 | 11.48 | 8.22 | 11.49 | 19.17 | 10.63 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -0.49 | -0.43 | -0.42 | -0.18 | 0.26 | -0.01 | 0.22 | 0.1 | -0.08 | -0.02 | 0 | -0.02 |
| Investing | 0.01 | 0.65 | 0.15 | 0.04 | 0.2 | 0.02 | 0.01 | 0 | 0 | 0 | -0.01 | 0 |
| Financing | 0.1 | -0.07 | -0.05 | 0.23 | -0.14 | -0.14 | -0.02 | -0.5 | 0 | 0 | 0 | 0 |
| Net Cash Flow | -0.38 | 0.16 | -0.32 | 0.09 | 0.32 | -0.14 | 0.21 | -0.41 | -0.08 | -0.03 | -0.01 | -0.02 |
| Free Cash Flow | -0.48 | -0.42 | -0.42 | -0.19 | 0.26 | -0.01 | 0.22 | 0.09 | -0.08 | -0.02 | -0.01 | -0.02 |
| CFO/OP | 64 | 60 | 62 | -70 | 109 | 38 | 160 | 1,300 | -50 | 8 | 2 | 42 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,311 | 1,136 | 1,651 | 1,333 | 1,302 | 1,463 | 1,238 | 996 | 1,373 | 2,566 | 1,527 | 1,720 |
| Inventory Days | — | — | 0 | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 1,311 | 1,136 | 1,651 | 1,333 | 1,302 | 1,463 | 1,238 | 996 | 1,373 | 2,566 | 1,527 | 1,720 |
| Working Capital Days | 1,668 | 1,315 | 1,900 | 1,489 | 1,352 | 1,519 | 1,286 | 1,030 | 1,388 | 2,339 | 1,417 | 1,632 |
| ROCE % | — | -9.04% | -9.66% | 3.48% | 3.63% | 1.77% | 2.96% | 0.24% | 1.26% | -0.74% | 3.03% | 1.13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Garware Marine Industries insights
56 extracted metrics + investor summaries across FY12–FY26.
Documents
2
Board Meeting Intimation for Intimation For Board Meeting Dated 12Th May, 2026 (Tuesday) On Hybrid Mode.
4 May - Board meets on 12 May 2026 to approve audited FY26 and Q4 results. 4 May - Board meets on 12 May 2026 to approve audited FY26 and Q4 results.
3
Board Meeting Intimation for Intimation For Board Meeting Dated 12Th May, 2026 (Tuesday) On Hybrid Mode.
4 May - Board meets on 12 May 2026 to approve audited FY26 and Q4 results. 4 May - Board meets on 12 May 2026 to approve audited FY26 and Q4 results.
4
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
16 Apr - Regulation 74(5) depository compliance certificate issued for quarter ended 31 March 2026. 16 Apr - Regulation 74(5) depository compliance certificate issued for quarter ended 31 March 2026.
5
Intimation Under Reg. 30 Of SEBI (LODR), Regulations, 2015 - Material Information.
2 Apr - EOW Chennai issued notice over alleged ₹3.55 crore lease rentals; related Madras High Court litigation remains pending. 2 Apr - EOW Chennai issued notice over alleged ₹3.55 crore lease rentals; related Madras High Court litigation remains pending.
Frequently Asked Questions about Garware Marine Industries
What does Garware Marine Industries Ltd do?
Incorporated in 1975, Garware Marine Industries Ltd operates a Ship Repair Division[1]
Where is Garware Marine Industries Ltd (509563) listed?
Garware Marine Industries Ltd trades as GARWAREMARINEINDUSTRIESLTD on the NSE and under code 509563 on the BSE.
Which sector does Garware Marine Industries Ltd belong to?
Garware Marine Industries Ltd is classified under the Textiles sector, in the Textile Products industry.
What is the market capitalisation of Garware Marine Industries Ltd?
Garware Marine Industries Ltd has a market capitalisation of ₹10.98 Cr, which places it in the Small Cap band.
What is the PE ratio of Garware Marine Industries Ltd?
Garware Marine Industries Ltd trades at a PE ratio of 68.40, on earnings per share of ₹0.21, against a book value of ₹17.96 per share.
What is the 52-week high and low of Garware Marine Industries Ltd?
Over the last 52 weeks Garware Marine Industries Ltd has traded between ₹17 and ₹36.5.
What is the Return on Equity (ROE) of Garware Marine Industries Ltd?
Garware Marine Industries Ltd reported a return on equity of 1.42%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 1975, Garware Marine Industries Ltd operates a Ship Repair Division[1]
Website garwaremarine.com
Face Value ₹ 10
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