Garware Marine Industries Ltd
Incorporated in 1975, Garware Marine Industries Ltd is engaged in the business of repair of vessels.
- Market Cap ₹ 6.12 Cr.
- Current Price ₹ 10.6
- High / Low ₹ 14.3 / 5.46
- Stock P/E
- Book Value ₹ 17.6
- Dividend Yield 0.00 %
- ROCE 1.26 %
- ROE 1.26 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.60 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.19% over past five years.
- Promoter holding is low: 37.7%
- Company has a low return on equity of 1.15% over last 3 years.
- Company has high debtors of 1,373 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
Sector: Ship Building Industry: Miscellaneous
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
11.10 | 9.33 | 1.60 | 0.93 | 1.16 | 0.88 | 1.15 | 1.25 | 1.12 | 1.30 | 1.58 | 1.22 | 0.70 | |
10.63 | 9.51 | 8.97 | 1.70 | 1.88 | 1.54 | 0.95 | 1.02 | 1.04 | 1.15 | 1.57 | 1.10 | 0.81 | |
Operating Profit | 0.47 | -0.18 | -7.37 | -0.77 | -0.72 | -0.66 | 0.20 | 0.23 | 0.08 | 0.15 | 0.01 | 0.12 | -0.11 |
OPM % | 4.23% | -1.93% | -460.62% | -82.80% | -62.07% | -75.00% | 17.39% | 18.40% | 7.14% | 11.54% | 0.63% | 9.84% | -15.71% |
0.35 | 0.52 | 4.07 | 0.20 | 0.81 | 0.28 | 0.14 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | 0.05 | |
Interest | 0.22 | 0.13 | 0.10 | 0.04 | 0.06 | 0.05 | 0.03 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
Depreciation | 0.37 | 0.34 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Profit before tax | 0.23 | -0.13 | -3.42 | -0.62 | 0.03 | -0.43 | 0.31 | 0.23 | 0.09 | 0.15 | 0.02 | 0.12 | -0.06 |
Tax % | 0.00% | 0.00% | 3.80% | -22.58% | 66.67% | -18.60% | 90.32% | 4.35% | 11.11% | 6.67% | 0.00% | 0.00% | |
0.23 | -0.13 | -3.29 | -0.76 | 0.00 | -0.51 | 0.03 | 0.22 | 0.08 | 0.14 | 0.01 | 0.12 | -0.06 | |
EPS in Rs | 0.40 | -0.23 | -5.71 | -1.32 | 0.00 | -0.88 | 0.05 | 0.38 | 0.14 | 0.24 | 0.02 | 0.21 | -0.10 |
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: | -20% |
5 Years: | 1% |
3 Years: | 3% |
TTM: | -47% |
Compounded Profit Growth | |
---|---|
10 Years: | -6% |
5 Years: | 32% |
3 Years: | 14% |
TTM: | -135% |
Stock Price CAGR | |
---|---|
10 Years: | -2% |
5 Years: | 30% |
3 Years: | 32% |
1 Year: | 85% |
Return on Equity | |
---|---|
10 Years: | -2% |
5 Years: | 2% |
3 Years: | 1% |
Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 5.77 |
Reserves | 4.05 | 3.92 | 0.63 | -0.13 | -0.13 | -0.64 | 1.73 | 0.50 | -0.72 | -0.02 | 5.42 | 2.14 | 4.41 |
0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
3.91 | 3.17 | 1.48 | 0.91 | 0.60 | 0.63 | 0.92 | 0.84 | 0.69 | 0.70 | 0.29 | 0.31 | 0.35 | |
Total Liabilities | 13.76 | 12.87 | 7.88 | 6.55 | 6.24 | 5.76 | 8.42 | 7.11 | 5.74 | 6.45 | 11.48 | 8.22 | 10.53 |
3.89 | 3.95 | 0.04 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 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 | 0.00 |
Investments | 0.90 | 0.90 | 0.90 | 0.90 | 0.89 | 0.84 | 3.09 | 1.64 | 0.38 | 0.93 | 6.54 | 2.95 | 5.28 |
8.97 | 8.02 | 6.94 | 5.63 | 5.33 | 4.91 | 5.31 | 5.45 | 5.35 | 5.51 | 4.92 | 5.25 | 5.23 | |
Total Assets | 13.76 | 12.87 | 7.88 | 6.55 | 6.24 | 5.76 | 8.42 | 7.11 | 5.74 | 6.45 | 11.48 | 8.22 | 10.53 |
Cash Flows
Figures in Rs. Crores
Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.43 | 0.14 | -6.18 | -0.49 | -0.43 | -0.42 | -0.18 | 0.26 | -0.01 | 0.22 | 0.10 | -0.08 | |
-0.17 | -0.39 | 6.54 | 0.01 | 0.65 | 0.15 | 0.04 | 0.20 | 0.02 | 0.01 | 0.00 | 0.00 | |
-0.30 | 0.28 | 0.00 | 0.10 | -0.07 | -0.05 | 0.23 | -0.14 | -0.14 | -0.02 | -0.50 | 0.00 | |
Net Cash Flow | -0.04 | 0.03 | 0.36 | -0.38 | 0.16 | -0.32 | 0.09 | 0.32 | -0.14 | 0.21 | -0.41 | -0.08 |
Ratios
Figures in Rs. Crores
Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 143.70 | 187.39 | 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 |
Inventory Days | 147.44 | 85.40 | 831.86 | 0.00 | ||||||||
Days Payable | 38.67 | 49.34 | 432.91 | |||||||||
Cash Conversion Cycle | 252.48 | 223.45 | 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 |
Working Capital Days | 155.86 | 176.05 | 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 |
ROCE % | 4.63% | 0.00% | -88.32% | -6.39% | -9.04% | -9.66% | 3.48% | 3.63% | 1.77% | 2.96% | 0.24% | 1.26% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Recommendation of Nomination and Remuneration Committee, the Board in their Meeting, held today, 27th March, 2024 has approved the appointment of Mr. Piyush Patel, DIN …
- Board Meeting Outcome for Approval For Appointment Of Additional - Non- Executive Independent Director In Their Meeting Held Today, 27Th March, 2024. 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Feb
Annual reports
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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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Financial Year 2010
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Financial Year 2009
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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.