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Garware Marine Industries

509563 BSE
₹17.43

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P/E
62.25
View as Markdown
MCP
Close 4 Nov 2026 ₹17.43 −14.04 −44.6% 1Y
Start ₹31.47

Key Fundamentals

MicrocapTextilesConsumer Discretionary

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
1.13%
Debt to Equity
0.00
EPS (TTM)
₹0.28
Book Value
₹17.96
Market Cap
—
P/E (TTM)
62.25
P/B
0.97
ROE
1.06%
Dividend Yield
0.00%
EBITDA
₹20.00 L
52W High
₹36.50
52W Low
₹15.12

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 98/100

Category scores

Quality
43
Weak
Returns, margins, earnings quality 22% weight
Valuation
31
Poor
Cheap vs sector & own history 24% weight
Growth
53
Average
Sales & profit trajectory 9% weight
Financial Health
86
Strong
Solvency, leverage, coverage 9% weight
Momentum
22
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 0.92 times its book value

Weaknesses

5
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -3.64% over past five years.
  • Promoter holding is low: 37.6%
  • Company has a low return on equity of 1.34% over last 3 years.
  • Company has high debtors of 1,720 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish973
OscillatorsNeutral171
Moving AveragesStrong Bearish802

Key readings

RSI (14)
48.26
Neutral
MACD (12,26,9)
−0.33
Bullish
SMA (50)
18.31
Bearish
SMA (200)
21.97
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−0.71%
5Y−3.64%
3Y−3.98%
1Y−10.00%
TTM+6.60%

Net profit

Net profit growth by window
10YZero base
5Y+1.39%
3Y+7.72%
1Y−65.12%
TTM−46.67%

Operating cash flow

Operating cash flow growth by window
10YOutflow narrowed by ₹0.41 Cr
5YTurned negative
3YOutflow narrowed by ₹0.06 Cr
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+73.18 pp
5Y−0.43 pp
3Y+1.27 pp
1Y−25.56 pp
TTM−12.20 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹0.88 Cr
Mar 2018₹1.15 Cr
Mar 2019₹1.25 Cr
Mar 2020₹1.12 Cr
Mar 2021₹1.30 Cr
Mar 2022₹1.58 Cr
Mar 2023₹1.22 Cr
Mar 2024₹0.66 Cr
Mar 2025₹1.20 Cr
Mar 2026₹1.08 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹0.51 Cr
Mar 2018₹0.03 Cr
Mar 2019₹0.22 Cr
Mar 2020₹0.08 Cr
Mar 2021₹0.14 Cr
Mar 2022₹0.01 Cr
Mar 2023₹0.12 Cr
Mar 2024−₹0.07 Cr
Mar 2025₹0.43 Cr
Mar 2026₹0.15 Cr

Quarterly Results

₹ Cr
509563 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0.2
0.16
0.15
0.15
0.41
0.29
0.27
0.24
0.26
0.26
0.3
0.26
0.31
Expenses
0.2
0.18
0.18
0.22
0.18
0.2
0.19
0.2
0.2
0.17
0.26
0.32
0.23
Operating Profit
0
−0.02
−0.03
−0.07
0.23
0.09
0.08
0.04
0.06
0.09
0.04
−0.06
0.08
OPM %
0%
−12.5%
−20%
−46.67%
56.1%
31.03%
29.63%
16.67%
23.08%
34.62%
13.33%
−23.08%
25.81%
Other Income
0
0
0.05
0
0
0
0
0
0
0.01
0.01
0.01
0.01
Interest
0
0
0
0
0
0
0
−0.01
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
0
−0.02
0.02
−0.07
0.23
0.09
0.08
0.05
0.06
0.1
0.05
−0.05
0.09
Tax %
—
0%
0%
0%
17.39%
11.11%
12.5%
−120%
0%
0%
0%
0%
11.11%
Net Profit
0
−0.02
0.02
−0.07
0.19
0.07
0.06
0.11
0.06
0.09
0.05
−0.05
0.07
EPS (₹)
0
−0.03
0.03
−0.12
0.33
0.12
0.1
0.19
0.1
0.16
0.09
−0.09
0.12

Profit & Loss

₹ Cr
509563 profit and loss, annual, ₹ crore
Particulars Mar 2015 9mMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
0.93
1.16
0.88
1.15
1.25
1.12
1.3
1.58
1.22
0.66
1.2
1.08
1.13
Expenses
1.7
1.88
1.54
0.95
1.02
1.04
1.15
1.57
1.1
0.78
0.76
0.96
0.98
Operating Profit
−0.77
−0.72
−0.66
0.2
0.23
0.08
0.15
0.01
0.12
−0.12
0.44
0.12
0.15
OPM %
−82.8%
−62.07%
−75%
17.39%
18.4%
7.14%
11.54%
0.63%
9.84%
−18.18%
36.67%
11.11%
13.27%
Other Income
0.2
0.81
0.28
0.14
0.02
0.02
0.01
0.01
0
0.05
0
0.04
0.04
Interest
0.04
0.06
0.05
0.03
0.02
0.01
0.01
0
0
0
0
0
0
Depreciation
0.01
0
0
0
0
0
0
0
0
0
0
0
0
PBT
−0.62
0.03
−0.43
0.31
0.23
0.09
0.15
0.02
0.12
−0.07
0.44
0.16
0.19
Tax %
22.58%
66.67%
18.6%
90.32%
4.35%
11.11%
6.67%
0%
0%
0%
0%
6.25%
—
Net Profit
−0.76
0
−0.51
0.03
0.22
0.08
0.14
0.01
0.12
−0.07
0.43
0.15
0.16
EPS (₹)
−1.32
0
−0.88
0.05
0.38
0.14
0.24
0.02
0.21
−0.12
0.75
0.26
0.28
Div. Payout %
0%
—
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
509563 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
−0.13
−0.13
−0.64
1.73
0.5
−0.72
−0.02
5.42
2.14
5.28
12.19
4.59
Borrowings
0
0
0
0
0
0
0
0
0
0
0
0
Other Liabilities
0.91
0.6
0.63
0.92
0.84
0.69
0.7
0.29
0.31
0.44
1.21
0.27
Total Liabilities
6.55
6.24
5.76
8.42
7.11
5.74
6.45
11.48
8.22
11.49
19.17
10.63
Fixed Assets
0.02
0.02
0.01
0.02
0.02
0.01
0.01
0.02
0.02
0.01
0.02
0.02
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0.9
0.89
0.84
3.09
1.64
0.38
0.93
6.54
2.95
6.32
13.68
4.89
Other Assets
5.63
5.33
4.91
5.31
5.45
5.35
5.51
4.92
5.25
5.16
5.47
5.72
Total Assets
6.55
6.24
5.76
8.42
7.11
5.74
6.45
11.48
8.22
11.49
19.17
10.63

Cash Flow

₹ Cr
509563 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−0.49
−0.43
−0.42
−0.18
0.26
−0.01
0.22
0.1
−0.08
−0.02
0
−0.02
Investing
0.01
0.65
0.15
0.04
0.2
0.02
0.01
0
0
0
−0.01
0
Financing
0.1
−0.07
−0.05
0.23
−0.14
−0.14
−0.02
−0.5
0
0
0
0
Net Cash Flow
−0.38
0.16
−0.32
0.09
0.32
−0.14
0.21
−0.41
−0.08
−0.03
−0.01
−0.02
Free Cash Flow
−0.48
−0.42
−0.42
−0.19
0.26
−0.01
0.22
0.09
−0.08
−0.02
−0.01
−0.02
CFO/EBITDA
64
60
62
−70
109
38
160
1,300
−50
8
2
42

Ratios

509563 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
1,311
1,136
1,651
1,333
1,302
1,463
1,238
996
1,373
2,566
1,527
1,720
Inventory Days
—
—
0
—
—
—
—
—
—
—
—
—
Cash Conversion Cycle
1,311
1,136
1,651
1,333
1,302
1,463
1,238
996
1,373
2,566
1,527
1,720
Working Capital Days
1,668
1,315
1,900
1,489
1,352
1,519
1,286
1,030
1,388
2,339
1,417
1,632
ROCE %
—
−9.04%
−9.66%
3.48%
3.63%
1.77%
2.96%
0.24%
1.26%
−0.74%
3.03%
1.13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Garware Marine Industries insights

56 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 47.41%
  • Promoters 37.55%
  • Others 12.61%
  • Government 2.43%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Garware Marine Industries

What does Garware Marine Industries Ltd do?
Incorporated in 1975, Garware Marine Industries Ltd operates a Ship Repair Division
Where is Garware Marine Industries Ltd (GARWAMAR) listed?
Garware Marine Industries Ltd trades under code 509563 on the BSE.
Which sector does Garware Marine Industries Ltd belong to?
Garware Marine Industries Ltd is classified under the Textiles sector, in the Textile Products industry.
What is the PE ratio of Garware Marine Industries Ltd?
Garware Marine Industries Ltd trades at a PE ratio of 62.25 as of 4 Nov 2026, on earnings per share of ₹0.28, against a book value of ₹17.96 per share.
What is the 52-week high and low of Garware Marine Industries Ltd?
Over the last 52 weeks Garware Marine Industries Ltd has traded between ₹15.12 and ₹36.5 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Garware Marine Industries Ltd?
Garware Marine Industries Ltd reported a return on equity of 1.06%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1975, Garware Marine Industries Ltd operates a Ship Repair Division

Website garwaremarine.com
Face Value ₹10

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