Garware Marine Industries Ltd
Garware Marine Industries Ltd (GARWAMAR) last reported results for the quarter ended Jun 2026, with sales of ₹0.31 crore and net profit of ₹0.07 crore. The stock last traded at ₹17.3, a market capitalisation of ₹9.99 crore, on a P/E of 62.4. Over the past 52 weeks the stock has ranged between ₹16.5 and ₹36.5. Figures are as of 9 Oct 2026 and are not real time.
Garware Marine Industries Ltd share price and key metrics
- Current price
- ₹17.3
- Market cap
- ₹9.99 cr
- Stock P/E
- 62.4
- Book value
- ₹18
- ROE
- 1.06%
- ROCE
- 1.13%
- Dividend yield
- 0.00%
- 52w high / low
- 36.5/16.5
Metrics as of 9 Oct 2026. Not real time.
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Garware Marine Industries Ltd growth and returns
- 10 Years
- -1%
- 5 Years
- -4%
- 3 Years
- -4%
- TTM
- 7%
- 10 Years
- 9%
- 5 Years
- 1%
- 3 Years
- 8%
- TTM
- -47%
- 10 Years
- 4%
- 5 Years
- 23%
- 3 Years
- 25%
- 1 Year
- -35%
- 10 Years
- 0%
- 5 Years
- 1%
- 3 Years
- 1%
- Last Year
- 1%
Garware Marine Industries Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹0.31 cr, up 19.2% from ₹0.26 cr a year earlier. Net profit was ₹0.07 cr, up 16.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 0.29 | 0.27 | 0.24 | 0.26 | 0.26 | 0.3 | 0.26 | 0.31 |
| Expenses | 0.2 | 0.19 | 0.2 | 0.2 | 0.17 | 0.26 | 0.32 | 0.23 |
| Operating profit | 0.09 | 0.08 | 0.04 | 0.06 | 0.09 | 0.04 | -0.06 | 0.08 |
| OPM % | 31.03% | 29.63% | 16.67% | 23.08% | 34.62% | 13.33% | -23.08% | 25.81% |
| Other income | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0 | 0 | -0.01 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.09 | 0.08 | 0.05 | 0.06 | 0.1 | 0.05 | -0.05 | 0.09 |
| Tax % | 11.11% | 12.50% | -120.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.11% |
| Net profit | 0.07 | 0.06 | 0.11 | 0.06 | 0.09 | 0.05 | -0.05 | 0.07 |
| EPS (₹) | 0.12 | 0.10 | 0.19 | 0.10 | 0.16 | 0.09 | -0.09 | 0.12 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Garware Marine Industries Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.88 | 1.15 | 1.25 | 1.12 | 1.3 | 1.58 | 1.22 | 0.66 | 1.2 | 1.08 | 1.13 |
| Operating profit | -0.66 | 0.2 | 0.23 | 0.08 | 0.15 | 0.01 | 0.12 | -0.12 | 0.44 | 0.12 | 0.15 |
| OPM % | -75.00% | 17.39% | 18.40% | 7.14% | 11.54% | 0.63% | 9.84% | -18.18% | 36.67% | 11.11% | 13.27% |
| Net profit | -0.51 | 0.03 | 0.22 | 0.08 | 0.14 | 0.01 | 0.12 | -0.07 | 0.43 | 0.15 | 0.16 |
| EPS (₹) | -0.88 | 0.05 | 0.38 | 0.14 | 0.24 | 0.02 | 0.21 | -0.12 | 0.75 | 0.26 | 0.28 |
TTM is the trailing twelve months to the most recent quarter.
Garware Marine Industries Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 |
| Reserves | -0.64 | 1.73 | 0.50 | -0.72 | -0.02 | 5.42 | 2.14 | 5.28 | 12.19 | 4.59 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other liabilities | 0.63 | 0.92 | 0.84 | 0.69 | 0.70 | 0.29 | 0.31 | 0.44 | 1.21 | 0.27 |
| Total liabilities | 5.76 | 8.42 | 7.11 | 5.74 | 6.45 | 11.48 | 8.22 | 11.49 | 19.17 | 10.63 |
| Fixed assets | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 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 |
| Investments | 0.84 | 3.09 | 1.64 | 0.38 | 0.93 | 6.54 | 2.95 | 6.32 | 13.68 | 4.89 |
| Other assets | 4.91 | 5.31 | 5.45 | 5.35 | 5.51 | 4.92 | 5.25 | 5.16 | 5.47 | 5.72 |
| Total assets | 5.76 | 8.42 | 7.11 | 5.74 | 6.45 | 11.48 | 8.22 | 11.49 | 19.17 | 10.63 |
As reported by the company. Total assets equal total liabilities by construction.
Garware Marine Industries Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -0.42 | -0.18 | 0.26 | -0.01 | 0.22 | 0.10 | -0.08 | -0.02 | 0.00 | -0.02 |
| Cash from investing | 0.15 | 0.04 | 0.20 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 |
| Cash from financing | -0.05 | 0.23 | -0.14 | -0.14 | -0.02 | -0.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net cash flow | -0.32 | 0.09 | 0.32 | -0.14 | 0.21 | -0.41 | -0.08 | -0.03 | -0.01 | -0.02 |
| Free cash flow | -0.42 | -0.19 | 0.26 | -0.01 | 0.22 | 0.09 | -0.08 | -0.02 | -0.01 | -0.02 |
| CFO / operating profit | 62% | -70% | 109% | 38% | 160% | 1,300% | -50% | 8% | 2% | 42% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Garware Marine Industries Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -9.66% | 3.48% | 3.63% | 1.77% | 2.96% | 0.24% | 1.26% | -0.74% | 3.03% | 1.13% |
| Debtor days | 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 | 1,720.23 |
| Inventory days | 0.00 | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 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 | 1,720.23 |
| Working capital days | 1,899.66 | 1,488.57 | 1,351.96 | 1,518.66 | 1,285.92 | 1,030.32 | 1,388.20 | 2,339.32 | 1,417.42 | 1,632.36 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Garware Marine Industries Ltd shareholding pattern
Promoters held 37.55% at Jun 2026, broadly unchanged since Jun 2025.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 37.60% | 37.55% | 37.55% | 37.55% | 37.55% | 37.55% | 37.55% | 37.55% |
| Government | 2.43% | 2.43% | 2.43% | 2.43% | 2.43% | 2.43% | 2.43% | 2.43% |
| Public | 59.97% | 60.02% | 60.02% | 60.02% | 60.03% | 60.02% | 60.02% | 60.02% |
| No. of shareholders | 9,389 | 10,146 | 10,811 | 11,271 | 11,456 | 12,338 | 13,206 | 12,801 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Garware Marine Industries Ltd corporate filings
- Garware Marine Industries Limited conducts EGM approving increase in limit for related-party transactions to Rs.50 croreAGM/EGMmedium impact
Cruxal's analysis: Garware Marine Industries Limited held an EGM on 07 October 2026, where it approved…
Read the full analysis - Kindly take on your record the intimation for closure of trading window for the quarter and 6 months ended September, 2026.Insider Trading / SASTlow impact
- Garware Marine Industries Limited concludes 48th Annual General Meeting; re-appoints key leadershipAGM/EGMlow impact
Cruxal's analysis: Garware Marine Industries Limited has successfully concluded its 48th Annual General…
Read the full analysis - Garware Marine Industries Limited Announces Successful Passing of All Resolutions at 48th Annual General MeetingAGM/EGMlow impact
Cruxal's analysis: Garware Marine Industries Limited has successfully concluded its 48th Annual General…
Read the full analysis - Garware Marine Industries Limited concludes 48th Annual General Meeting with board re-appointments and executive changesCompany Updatelow impact
Cruxal's analysis: Garware Marine Industries Limited has successfully concluded its 48th Annual General…
Read the full analysis - Garware Marine Industries Limited seeks shareholder approval to increase Corporate Guarantee limit to INR 50 crore for Garware Offshore Services LimitedAGM/EGMmedium impact
Cruxal's analysis: Garware Marine Industries Limited (GMIL) has issued a notice for an Extra Ordinary…
Read the full analysis - Garware Marine Industries Limited to seek shareholder approval for enhanced corporate guarantee for related partyOthersmedium impact
Cruxal's analysis: Garware Marine Industries Limited has announced a board approval to issue an enhanced…
Read the full analysis - Garware Marine Industries Limited Announces 48th AGM and Key Management Re-appointmentsAGM/EGMlow impact
Cruxal's analysis: Garware Marine Industries Limited has issued a notice for its 48th Annual General Meeting…
Read the full analysis - Garware Marine Industries Ltd files Annual Report for FY 2026Otherslow impact
Cruxal's analysis: Garware Marine Industries Ltd has submitted its Annual Report for the financial year 2026…
Read the full analysis - Garware Marine Industries Limited appoints Mr. Hasan A. Bhinderwala as Independent DirectorCompany Updatelow impact
Cruxal's analysis: Garware Marine Industries Limited has announced the appointment of Mr. Hasan A…
Read the full analysis - Garware Marine Industries Reports Q1 FY27 Profit of 7.37 Lakhs and Appoints New Independent DirectorBoard Meetinghigh impact
Cruxal's analysis: Garware Marine Industries Limited reported a turnaround in its financial performance for…
Read the full analysis - Garware Marine Industries to Hold Board Meeting on August 12, 2026, to Approve Q1 FY27 Unaudited Financial ResultsBoard Meetinglow impact
Cruxal's analysis: Garware Marine Industries Limited has announced that its Board of Directors will convene…
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