Garware Marine Industries Ltd
Incorporated in 1975, Garware Marine Industries Ltd is engaged in the business of repair of vessels.
- Market Cap ₹ 16.7 Cr.
- Current Price ₹ 29.0
- High / Low ₹ 57.0 / 20.3
- Stock P/E 55.7
- Book Value ₹ 31.2
- Dividend Yield 0.00 %
- ROCE 3.03 %
- ROE 2.97 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.93 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Figures in Rs. Crores
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1.60 | 0.93 | 1.16 | 0.88 | 1.15 | 1.25 | 1.12 | 1.30 | 1.58 | 1.22 | 0.66 | 1.20 | 1.06 | |
8.97 | 1.70 | 1.88 | 1.54 | 0.95 | 1.02 | 1.04 | 1.15 | 1.57 | 1.10 | 0.78 | 0.76 | 0.79 | |
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 | 0.27 |
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% | 25.47% |
4.07 | 0.20 | 0.81 | 0.28 | 0.14 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | 0.05 | 0.00 | 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 | -0.01 |
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 | 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 | 0.28 |
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 | 0.30 | |
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 | 0.51 |
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: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 40% |
3 Years: | 250% |
TTM: | 150% |
Stock Price CAGR | |
---|---|
10 Years: | 0% |
5 Years: | 59% |
3 Years: | 46% |
1 Year: | -40% |
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% |
Documents
Announcements
- Notice Of The 47Th AGM Of The Company Dated 25Th September, 2025. 2d
- Reg. 34 (1) Annual Report. 2d
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Announcement Under Regulation 30 Of SEBI LODR, Appointment Of Independent Director.
12 Aug - Appointment of Mr. Amir J. Pradhan as Independent Director for five years from 12 Aug 2025.
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Board Meeting Outcome for Outcome Of The Board Meeting Held Today, 12Th August, 2025
12 Aug - Q1 FY26 results approved; new independent director appointed; AGM scheduled for Sept 25, 2025.
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Board Meeting Intimation for Meeting Of The Board Of The Company Dated 12Th August, 2025
4 Aug - Board meeting on 12 Aug 2025 to approve Q1 FY26 unaudited financial results.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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.