1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Trucks/Construction/Farm machinery
Garware Marine Industries Limited

Garware Marine Industries Limited

BBSE:GARWAMAR
17.01
INR
-0.60
(-3.41%)
0.28EPS
76.19P/E
123.97MMarket Cap
2013 Y
2014 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
16.19
2.77
2.01
1.53
2
2.16
1.94
2.25
2.75
2.12
1.15
2.08
1.88
1.96
Basic EPS, GAAP
-0.22
-5.71
- -
-1.07
0.04
0.38
0.14
0.25
0.02
0.2
-0.12
0.75
0.26
0.28
Free Cash Flow per Basic Share
-0.45
-10.71
-0.74
-0.73
-0.33
0.44
-0.02
0.39
0.15
-0.14
-0.04
-0.01
-0.1
- -
Dividend per Share
- -
0.08
0.03
0.03
0.03
0.04
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
16.8
11.1
56.86
18.4
13
10.87
8.76
9.97
19.4
13.72
19.16
31.14
17.96
- -
Tangible Book Value per Share
16.8
11.1
56.86
18.4
13
10.87
8.76
9.97
19.4
13.72
19.16
31.14
17.96
- -
Basic Weighted Avg Shares
6
6
6
6
6
6
6
6
6
6
6
6
6
6
Sales/Revenue/Turnover
93
16
12
9
12
12
11
13
16
12
7
12
11
11
Operating Margin (%)
-4.57
-455.01
13.24
-42.59
16.76
17.96
7.56
25.13
36.06
22.15
-17.33
41.06
29.18
11.95
Depreciation Expense
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-1
-33
- -
-6
- -
2
1
1
- -
1
-1
4
1
2
Effective Tax Rate (%)
- -
- -
97.86
- -
91.75
2.67
11.39
3.67
8.92
0.26
- -
0.71
6.54
11.69
Profit Margin (%)
-1.36
-206.02
0.05
-69.84
2.17
17.47
7.06
10.92
0.9
9.46
-10.29
35.9
13.58
14.42
Working Capital
48
51
46
43
48
51
50
51
46
47
43
47
48
- -
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
97
64
328
106
75
63
50
57
112
79
110
180
104
- -
Return on Invested Capital (%)
- -
- -
-0.06
- -
0.29
3.17
1.32
2.61
0.15
1.26
- -
2.96
0.76
- -
Return on Capital (%)
- -
- -
0.01
- -
0.3
3.42
1.62
2.85
0.21
1.23
- -
2.98
1.04
- -
Return on Common Equity (%)
-1.3
-40.9
- -
-2.83
0.28
3.17
1.4
2.63
0.17
1.21
-0.72
2.97
1.04
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
157
136
124

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
51
- -
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
51
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
3
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.63%
25.05%
-42.32%
Free Cash Flow
-227.21%
72.27%
757.58%
Net Income, GAAP
-11,660.95%
-67.66%
-65.88%
Sales/Revenue/Turnover
4.58%
5.01%
-9.84%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4
3
3
2
12
2026
3
3
3
3
11
2027
3
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.33
0.12
0.11
0.18
0.75
2026
0.1
0.16
0.08
-0.08
0.26
2027
0.13
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Vipulata S. Tandel
Full Time Employees
4
Sector
Producer manufacturing
Industry
Trucks/Construction/Farm machinery
Address
Senapati Bapat Marg Mumbai MA India 400 013
IPO Date
Jul 13, 1993
Website
garwaremarine.com
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Business
Garware Marine Industries Limited, an India-based company incorporated in 1975 as Modern Nets Limited and renamed in 1981, focuses primarily on ship repair services for various seagoing vessels from its headquarters in Mumbai, Maharashtra. The company offers comprehensive ship repairing solutions including pump overhauls, engine overhaul and repairs, hydraulic repairs, gear box repairs, pipeline works and other marine fabrication jobs; it also supports original equipment manufacturer engineers with major day dockings, shaft removal and renewal, propeller hub overhauls, bow thruster overhauls and stern thruster overhauls. Operations serve shipowners and workshops across India with a team of certified welders and hydraulic fitters available 24/7, having suspended fishing net manufacturing and marketing activities in 2013 following an industry downturn to concentrate on the ship repair division. In recent developments, the company reports improving financial performance with standalone net sales rising to Rs 0.24 crore in the March 2025 quarter, up 57% year-over-year, Rs 0.27 crore in December 2024 up 75% year-over-year, and Rs 0.29 crore in September 2024 up 82% year-over-year; full-year FY2025 net profit reached Rs 0.43 crore versus a prior-year loss, alongside a 28.57% quarterly net profit increase to Rs 0.09 crore in September 2025. Promoter holding remains steady at 37.55% through September 2025, reflecting stable ownership structure with no major shifts reported. The board approved Q1 FY2026 results in August 2025, appointed a new independent director, and scheduled the annual general meeting for September 25, 2025, indicating ongoing governance enhancements.