About
Garware Marine Industries Limited provides ship repair services in India. Its services comprise pump overhauls, engine overhaul/repairs, hydraulic and gear box repair, and pipeline and other marine fabrication jobs. The company also assists OEM engineers in propeller hub overhaul, shaft removal and renewal, stern thruster overhauls, major day dockings, and bow thruster. The company was formerly known as Modern Nets Limited and changed its name to Garware Marine Industries Limited in December 1981. Garware Marine Industries Limited was incorporated in 1975 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap11 Cr
P/E69.40
Div Yield0.00 %
Book Value₹18.00
52w High₹36.50
52w Low₹17.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.31 | 0.26 | 0.30 | 0.26 | 0.26 | 0.24 | 0.27 | 0.29 | 0.41 | 0.15 | 0.15 | 0.16 | 0.20 |
| Expenses | 0.23 | 0.32 | 0.26 | 0.17 | 0.20 | 0.20 | 0.19 | 0.20 | 0.18 | 0.22 | 0.18 | 0.18 | 0.20 |
| Operating Profit | 0.08 | -0.06 | 0.04 | 0.09 | 0.06 | 0.04 | 0.08 | 0.09 | 0.23 | -0.07 | -0.03 | -0.02 | 0.00 |
| OPM % | 25.81 | -23.08 | 13.33 | 34.62 | 23.08 | 16.67 | 29.63 | 31.03 | 56.10 | -46.67 | -20.00 | -12.50 | 0.00 |
| Other Income | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 |
| Depreciation | 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 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.09 | -0.05 | 0.05 | 0.10 | 0.06 | 0.05 | 0.08 | 0.09 | 0.23 | -0.07 | 0.02 | -0.02 | 0.00 |
| Tax % | 11.11 | 0.00 | 0.00 | 0.00 | 0.00 | -120.00 | 12.50 | 11.11 | 17.39 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 0.07 | -0.05 | 0.05 | 0.09 | 0.06 | 0.11 | 0.06 | 0.07 | 0.19 | -0.07 | 0.02 | -0.02 | 0.00 |
| EPS in Rs | 0.12 | -0.09 | 0.09 | 0.16 | 0.10 | 0.19 | 0.10 | 0.12 | 0.33 | -0.12 | 0.03 | -0.03 | 0.00 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.08 | 1.20 | 0.66 | 1.22 | 1.58 | 1.30 | 1.12 | 1.25 | 1.15 | 0.88 | 1.16 | 0.93 |
| Expenses | 0.96 | 0.76 | 0.78 | 1.10 | 1.57 | 1.15 | 1.04 | 1.02 | 0.95 | 1.54 | 1.88 | 1.70 |
| Operating Profit | 0.12 | 0.44 | -0.12 | 0.12 | 0.01 | 0.15 | 0.08 | 0.23 | 0.20 | -0.66 | -0.72 | -0.77 |
| OPM % | 11.11 | 36.67 | -18.18 | 9.84 | 0.63 | 11.54 | 7.14 | 18.40 | 17.39 | -75.00 | -62.07 | -82.80 |
| Other Income | 0.04 | 0.00 | 0.05 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 | 0.14 | 0.28 | 0.81 | 0.20 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.03 | 0.05 | 0.06 | 0.04 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Profit before tax | 0.16 | 0.44 | -0.07 | 0.12 | 0.02 | 0.15 | 0.09 | 0.23 | 0.31 | -0.43 | 0.03 | -0.62 |
| Tax % | 6.25 | 0.00 | 0.00 | 0.00 | 0.00 | 6.67 | 11.11 | 4.35 | 90.32 | 18.60 | 66.67 | 22.58 |
| Net Profit | 0.15 | 0.43 | -0.07 | 0.12 | 0.01 | 0.14 | 0.08 | 0.22 | 0.03 | -0.51 | 0.00 | -0.76 |
| EPS in Rs | 0.26 | 0.75 | -0.12 | 0.21 | 0.02 | 0.24 | 0.14 | 0.38 | 0.05 | -0.88 | 0.00 | -1.32 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 4.59 | 12.19 | 5.28 | 2.14 | 5.42 | -0.02 | -0.72 | 0.50 | 1.73 | -0.64 | -0.13 | -0.13 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.26 | 1.21 | 0.44 | 0.31 | 0.29 | 0.70 | 0.69 | 0.84 | 0.92 | 0.63 | 0.60 | 0.91 |
| Total Liabilities | 10.62 | 19.17 | 11.49 | 8.22 | 11.48 | 6.45 | 5.74 | 7.11 | 8.42 | 5.76 | 6.24 | 6.55 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 4.89 | 13.68 | 6.32 | 2.95 | 6.54 | 0.93 | 0.38 | 1.64 | 3.09 | 0.84 | 0.89 | 0.90 |
| Other Assets | 5.71 | 5.47 | 5.16 | 5.25 | 4.92 | 5.51 | 5.35 | 5.45 | 5.31 | 4.91 | 5.33 | 5.63 |
| Total Assets | 10.62 | 19.17 | 11.49 | 8.22 | 11.48 | 6.45 | 5.74 | 7.11 | 8.42 | 5.76 | 6.24 | 6.55 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.06 | 0.00 | -0.02 | -0.08 | 0.10 | 0.22 | -0.01 | 0.26 | -0.18 | -0.42 | -0.43 | -0.49 |
| Cash from Investing Activity | 0.04 | -0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.20 | 0.04 | 0.15 | 0.65 | 0.01 |
| Cash from Financing Activity | 0.00 | 0.00 | 0.00 | 0.00 | -0.50 | -0.02 | -0.14 | -0.14 | 0.23 | -0.05 | -0.07 | 0.10 |
| Net Cash Flow | -0.02 | -0.01 | -0.03 | -0.08 | -0.41 | 0.21 | -0.14 | 0.32 | 0.09 | -0.32 | 0.16 | -0.38 |
| Free Cash Flow | -0.06 | -0.01 | -0.02 | -0.08 | 0.09 | 0.22 | -0.01 | 0.26 | -0.19 | -0.42 | -0.42 | -0.48 |
| CFO/OP % | 8.00 | 2.00 | 8.00 | -50.00 | 1,300.00 | 160.00 | 38.00 | 109.00 | -70.00 | 62.00 | 60.00 | 64.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,720.23 | 1,526.92 | 2,566.06 | 1,373.24 | 995.66 | 1,238.19 | 1,463.26 | 1,302.32 | 1,333.04 | 1,650.80 | 1,135.91 | 1,310.86 |
| Inventory Days | — | — | — | — | — | — | — | — | — | 0.00 | — | — |
| Cash Conversion Cycle | 1,720.23 | 1,526.92 | 2,566.06 | 1,373.24 | 995.66 | 1,238.19 | 1,463.26 | 1,302.32 | 1,333.04 | 1,650.80 | 1,135.91 | 1,310.86 |
| Working Capital Days | 1,632.36 | 1,417.42 | 2,339.32 | 1,388.20 | 1,030.32 | 1,285.92 | 1,518.66 | 1,351.96 | 1,488.57 | 1,899.66 | 1,315.26 | 1,668.01 |
| ROCE % | 1.13 | 3.03 | -0.74 | 1.26 | 0.24 | 2.96 | 1.77 | 3.63 | 3.48 | -9.66 | -9.04 | -6.39 |
Corporate Actions
5 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 20 Dec 2011 | — | — | 0.50 | |
| Dividend | 21 Dec 2010 | — | — | 0.50 | |
| Dividend | 18 Dec 2009 | — | — | 0.50 | |
| Dividend | 19 Dec 2008 | — | — | 0.50 | |
| Dividend | 24 Dec 2007 | — | — | 0.50 |