Garware Marine Industries Ltd

₹ 25.9 1.97%

13 Jun - close price

About

Incorporated in 1975, Garware Marine Industries Ltd is engaged in the business of repair of vessels.

Key Points

Business Overview:^[1]
Company was in the business of manufacturing and marketing of fishing nets made from Nylon Yarn. However, as a result of a severe and long downturn in the Industry, company suspended all manufacturing activity in 2013 and decided to concentrate its efforts on the Ship repair division. Subsequently, company now carries out ship repairs for a few Shipowners and for other workshops.

Website BSE

Market Cap ₹ 14.9 Cr.
Current Price ₹ 25.9
High / Low ₹ 57.0 / 9.53
Stock P/E 34.7
Book Value ₹ 31.2
Dividend Yield 0.00 %
ROCE 3.03 %
ROE 2.97 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.83 times its book value

Cons

The company has delivered a poor sales growth of 1.39% over past five years.
Promoter holding is low: 37.6%
Company has a low return on equity of 1.43% over last 3 years.
Company has high debtors of 1,527 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	0.27	0.32	0.37	0.35	0.19	0.20	0.16	0.15	0.15	0.41	0.29	0.27	0.24
	0.28	0.22	0.33	0.31	0.25	0.20	0.18	0.18	0.22	0.18	0.20	0.19	0.20
Operating Profit	-0.01	0.10	0.04	0.04	-0.06	0.00	-0.02	-0.03	-0.07	0.23	0.09	0.08	0.04
OPM %	-3.70%	31.25%	10.81%	11.43%	-31.58%	0.00%	-12.50%	-20.00%	-46.67%	56.10%	31.03%	29.63%	16.67%
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.01
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.01	0.10	0.04	0.04	-0.06	0.00	-0.02	0.02	-0.07	0.23	0.09	0.08	0.05
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%		0.00%	0.00%	0.00%	17.39%	11.11%	12.50%	-120.00%
	-0.01	0.10	0.04	0.04	-0.06	0.00	-0.02	0.02	-0.07	0.19	0.07	0.06	0.11
EPS in Rs	-0.02	0.17	0.07	0.07	-0.10	0.00	-0.03	0.03	-0.12	0.33	0.12	0.10	0.19
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Jun 2014	Mar 2015 9m	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1.60	0.93	1.16	0.88	1.15	1.25	1.12	1.30	1.58	1.22	0.66	1.20
	8.97	1.70	1.88	1.54	0.95	1.02	1.04	1.15	1.57	1.10	0.78	0.76
Operating Profit	-7.37	-0.77	-0.72	-0.66	0.20	0.23	0.08	0.15	0.01	0.12	-0.12	0.44
OPM %	-460.62%	-82.80%	-62.07%	-75.00%	17.39%	18.40%	7.14%	11.54%	0.63%	9.84%	-18.18%	36.67%
	4.07	0.20	0.81	0.28	0.14	0.02	0.02	0.01	0.01	0.00	0.05	0.00
Interest	0.10	0.04	0.06	0.05	0.03	0.02	0.01	0.01	0.00	0.00	0.00	0.00
Depreciation	0.02	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-3.42	-0.62	0.03	-0.43	0.31	0.23	0.09	0.15	0.02	0.12	-0.07	0.44
Tax %	-3.80%	22.58%	66.67%	18.60%	90.32%	4.35%	11.11%	6.67%	0.00%	0.00%	0.00%	0.00%
	-3.29	-0.76	0.00	-0.51	0.03	0.22	0.08	0.14	0.01	0.12	-0.07	0.43
EPS in Rs	-5.71	-1.32	0.00	-0.88	0.05	0.38	0.14	0.24	0.02	0.21	-0.12	0.75
Dividend Payout %	0.00%	0.00%		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	3%
5 Years:	1%
3 Years:	-9%
TTM:	82%

Compounded Profit Growth
10 Years:	10%
5 Years:	40%
3 Years:	250%
TTM:	714%

Stock Price CAGR
10 Years:	-5%
5 Years:	71%
3 Years:	34%
1 Year:	141%

Return on Equity
10 Years:	0%
5 Years:	1%
3 Years:	1%
Last Year:	3%

Balance Sheet

Figures in Rs. Crores

	Jun 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
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	0.63	-0.13	-0.13	-0.64	1.73	0.50	-0.72	-0.02	5.42	2.14	5.28	12.19
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1.48	0.91	0.60	0.63	0.92	0.84	0.69	0.70	0.29	0.31	0.44	1.21
Total Liabilities	7.88	6.55	6.24	5.76	8.42	7.11	5.74	6.45	11.48	8.22	11.49	19.17
	0.04	0.02	0.02	0.01	0.02	0.02	0.01	0.01	0.02	0.02	0.01	0.02
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.90	0.90	0.89	0.84	3.09	1.64	0.38	0.93	6.54	2.95	6.32	13.68
	6.94	5.63	5.33	4.91	5.31	5.45	5.35	5.51	4.92	5.25	5.16	5.47
Total Assets	7.88	6.55	6.24	5.76	8.42	7.11	5.74	6.45	11.48	8.22	11.49	19.17

Cash Flows

Figures in Rs. Crores

	Jun 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-6.18	-0.49	-0.43	-0.42	-0.18	0.26	-0.01	0.22	0.10	-0.08	-0.02	0.00
	6.54	0.01	0.65	0.15	0.04	0.20	0.02	0.01	0.00	0.00	0.00	-0.01
	0.00	0.10	-0.07	-0.05	0.23	-0.14	-0.14	-0.02	-0.50	0.00	0.00	0.00
Net Cash Flow	0.36	-0.38	0.16	-0.32	0.09	0.32	-0.14	0.21	-0.41	-0.08	-0.03	-0.01

Ratios

Figures in Rs. Crores

	Jun 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	736.84	1,310.86	1,135.91	1,650.80	1,333.04	1,302.32	1,463.26	1,238.19	995.66	1,373.24	2,566.06	1,526.92
Inventory Days	831.86			0.00
Days Payable	432.91
Cash Conversion Cycle	1,135.80	1,310.86	1,135.91	1,650.80	1,333.04	1,302.32	1,463.26	1,238.19	995.66	1,373.24	2,566.06	1,526.92
Working Capital Days	1,033.41	1,668.01	1,315.26	1,899.66	1,488.57	1,351.96	1,518.66	1,285.92	1,030.32	1,388.20	2,538.41	1,417.42
ROCE %	-88.32%	-6.39%	-9.04%	-9.66%	3.48%	3.63%	1.77%	2.96%	0.24%	1.26%	-0.74%	3.03%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	37.72%	37.72%	37.72%	37.72%	37.72%	37.72%	37.72%	37.72%	37.72%	37.60%	37.55%	37.55%
	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%	2.43%
	59.85%	59.84%	59.85%	59.84%	59.84%	59.84%	59.84%	59.85%	59.86%	59.97%	60.02%	60.02%
No. of Shareholders	6,758	6,719	6,775	6,786	6,762	6,843	6,818	7,144	7,245	9,389	10,146	10,811

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	37.49%	37.33%	37.69%	37.69%	37.72%	37.72%	37.72%	37.72%	37.55%
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	2.43%	2.43%	6.74%	6.74%	2.43%	2.43%	2.43%	2.43%	2.43%
	60.08%	60.24%	55.56%	55.56%	59.85%	59.85%	59.84%	59.85%	60.02%
No. of Shareholders	9,487	9,381	7,047	7,026	6,314	6,805	6,786	7,144	10,811

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Garware Marine Industries Ltd

Garware Marine Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports