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  2. •

    Producer manufacturing

  3. •

    Trucks/Construction/Farm machinery
Garware Marine Industries Limited

Garware Marine Industries Limited

BBSE:GARWAMAR
16.50
INR
-0.51
(-3.00%)
0.28EPS
76.19P/E
123.97MMarket Cap
Garware Marine Industries Limited
BSE:GARWAMAR
(Bombay Stock Exchange)

Recent

price

16.50

P/E

ratio

76.19

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
24.32
18.94
19.25
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
Revenue per Share
1.43
0.73
0.4
-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
Basic EPS, GAAP
0.92
-0.77
0.44
-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
- -
Free Cash Flow per Basic Share
0.67
0.58
0.58
- -
0.08
0.03
0.03
0.03
0.04
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
16.48
16.63
17.02
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
- -
Book Value per Share
16.48
16.62
17.02
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
5
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
Basic Weighted Avg Shares
122
109
111
93
16
12
9
12
12
11
13
16
12
7
12
11
11
Sales/Revenue/Turnover
3.76
2.29
1.84
-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
Operating Margin (%)
3
4
4
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
7
4
2
-1
-33
- -
-6
- -
2
1
1
- -
1
-1
4
1
2
Net Income, GAAP
10.5
8.38
- -
- -
- -
97.86
- -
91.75
2.67
11.39
3.67
8.92
0.26
- -
0.71
6.54
11.69
Effective Tax Rate (%)
5.9
3.85
2.07
-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
Profit Margin (%)
40
45
50
48
51
46
43
48
51
50
51
46
47
43
47
48
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
95
96
98
97
64
328
106
75
63
50
57
112
79
110
180
104
- -
Total Equity
- -
2.95
2.1
- -
- -
-0.06
- -
0.29
3.17
1.32
2.61
0.15
1.26
- -
2.96
0.76
- -
Return on Invested Capital (%)
- -
6.61
4.62
- -
- -
0.01
- -
0.3
3.42
1.62
2.85
0.21
1.23
- -
2.98
1.04
- -
Return on Capital (%)
- -
4.41
2.37
-1.3
-40.9
- -
-2.83
0.28
3.17
1.4
2.63
0.17
1.21
-0.72
2.97
1.04
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.