Garware Marine Industries
Garware Marine Industries (GARWAMAR) share price was ₹16.34 at the 28 Oct 2026 close; market capitalisation ₹9.37 Cr; P/E (TTM) 58.36; sector Textiles. The share price fell 43.8% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was ₹0.31 Cr, against ₹0.26 Cr a year earlier and net profit was ₹0.07 Cr, against ₹0.06 Cr a year earlier (compared with Jun 2025). Promoters held 37.55% of Garware Marine Industries in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 45/100 (Average) as of 28 Oct 2026.
Key Fundamentals
MicrocapTextilesConsumer DiscretionaryPrice-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM
Peer Comparison
Consumer Discretionary › Textiles › Textile Products › Other Textile Products
| ₹1,090.10 | 40.84 | 37,261 Cr | 5.99 | 0.48% | 15.21% | 20.18% | 6,678 Cr | 913 Cr | |
| ₹212.70 | 72.84 | 20,095 Cr | 4.09 | 0.05% | 4.28% | 6.25% | 10,013 Cr | 287 Cr | |
| ₹496.30 | 16.93 | 14,372 Cr | 1.37 | 1.01% | 7.11% | 8.60% | 10,472 Cr | 860 Cr | |
| ₹21.36 | 27.38 | 10,885 Cr | 2.67 | 2.33% | 7.90% | 10.68% | 6,860 Cr | 395 Cr | |
| ₹436.15 | 57.31 | 8,638 Cr | 3.67 | 0.36% | 5.38% | 9.76% | 4,468 Cr | 150 Cr | |
| ₹746.20 | 35.05 | 7,287 Cr | 5.39 | 1.16% | 14.65% | 19.60% | 1,688 Cr | 210 Cr | |
| ₹558.65 | 43.31 | 5,865 Cr | 11.69 | 0.00% | 19.52% | 24.76% | 701 Cr | 131 Cr | |
| — | 58.36 | 9 Cr | 0.91 | 0.00% | 1.42% | 1.52% | 1 Cr | 0 Cr | |
| Median 8 companies | ₹496.30 | 42.08 | 9,762 Cr | 3.88 | 0.42% | 7.51% | 10.22% | 5,573 Cr | 249 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 98/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.92 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.
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 25.81% · Jun 2026
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 (₹) | 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 (₹) | -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/EBITDA | 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
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56 extracted metrics + investor summaries across FY12–FY27.
Documents
Frequently Asked Questions about Garware Marine Industries
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Company Information
Incorporated in 1975, Garware Marine Industries Ltd operates a Ship Repair Division[1]
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