Is Garware Marine Industries Ltd (509563) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Garware Marine Industries Ltd is a below average quality company .

Is Garware Marine Industries Ltd (509563) undervalued or overvalued?

The key valuation ratios of Garware Marine Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Garware Marine Industries Ltd (509563) share price return in the past 10 years?

Garware Marine Industries Ltd share price has appreciated 3.7% annually (CAGR) over the past ten years.

Is Garware Marine Industries Ltd (509563) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Garware Marine Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Garware Marine Industries Ltd (509563)?

Company share prices are keep on changing according to the market conditions. The current trading price of Garware Marine Industries Ltd (509563) on 17-Apr-2026 16:59:59 at 16:59 is 24.47.

What is the P/E ratio of Garware Marine Industries?

The latest standalone P/E ratio of Garware Marine Industries as of 17-Apr-2026 is 46.26.

What is the P/B ratio of Garware Marine Industries Ltd (509563)?

The latest standalone P/B ratio of Garware Marine Industries Ltd (509563) as of 17-Apr-2026 is 0.84.

What is the 52-week high and low of Garware Marine Industries Ltd (509563)?

The 52-week high of Garware Marine Industries Ltd (509563) is Rs. 36.50 and the 52-week low is Rs. 18.32.

Garware Marine Industries Ltd (509563) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Garware Marine Industries Ltd (509563)
Brand: Garware Marine Industries

Garware Marine Industries Ltd (509563) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹14 Cr.

P/E Ratio

46.26

Price to Book (P/B)

0.84

Price to Sales (P/S)

13.12

EV/EBITDA

55.66

Return on Capital Employed (ROCE)

3.00%

Current Price

₹24.5

Return on Equity (ROE)

2.97%

Return on Assets (ROA)

2.81%

Operating Profit Margin

36.1%

Net Profit Margin

35.9%

Gross Profit Margin

36.3%

Book Value per Share

₹28.7

Sales Growth (YoY)

81.82%

Sales Growth (3 Years)

-8.76%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

250.34%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹18 / 37

Net Profit Growth (3 Years)

211.3%

Dividend Yield

0.00%

Promoter Holding

37.55%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Garware Marine Industries Ltd?

Garware Marine Industries Ltd revenue growth is 81.8% for FY-2025 , which is above its 5 year CAGR of 1.4% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Garware Marine Industries Ltd?

Promoters hold 37.55% of the Garware Marine Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Garware Marine Industries Ltd vs industry peers?

Garware Marine Industries Ltd revenue CAGR is 1.39% , compared to the industry median CAGR of 0.00% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Garware Marine Industries Ltd belong to?

Garware Marine Industries Ltd belongs to the Textiles & Apparels sector, operating specifically within the Textile segment.

Q.1 Stock return of Garware Marine Industries Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 3.7% based on the current price.

DeciZen - make an informed investing decision on Garware Marine Inds.

Based on:

Data

M-Cap below 100cr DeciZen not available

Garware Marine Industries stock performance

Key Ratios

Is Garware Marine Industries Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	1.4%	-6%	3.7%	3.5%	1.8%	3%	0.2%	1.2%	-0.7%	3%	-
Value Creation Index ⓘ	-0.9	-1.4	-0.7	-0.8	-0.9	-0.8	-1.0	-0.9	-1.1	-0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1.2	0.9	1.2	1.3	1.1	1.3	1.6	1.2	0.7	1.2	1
Sales YoY Gr.	-	-24.1%	30.7%	8.7%	-10.4%	16.1%	21.5%	-22.8%	-45.9%	81.8%	-
Adj EPS ⓘ	-0.7	-1.1	-0.1	0.4	0.1	0.3	0	0.2	-0.1	0.8	0.5
YoY Gr.	-	NA	NA	NA	-63.2%	78.6%	-92%	900%	-160%	NA	-
BVPS (₹) ⓘ	9.8	18.4	13	10.9	8.8	10	19.4	13.7	19.2	31.1	28.7
Adj Net Profit ⓘ	-0.4	-0.6	-0.1	0.2	0.1	0.1	0	0.1	-0.1	0.4	0
Cash Flow from Ops. ⓘ	-0.4	-0.4	-0.2	0.3	-0	0.2	0.1	-0.1	-0	0	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	0.4%	1.4%	-8.8%	81.8%
Adj EPS ⓘ	NA	39.9%	234.7%	NA
BVPSⓘ	13.7%	28.9%	17.1%	62.5%
Share Price	3.7%	42.3%	40.4%	-7.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-7.5	-7.6	-0.7	3.2	1.4	2.6	0.2	1.2	-0.7	3	1.7
Op. Profit Mgn % ⓘ	-63.2	-54.9	17	18.2	7.9	11.3	0.9	9.7	-17	36.1	20.7
Net Profit Mgn % ⓘ	-36.4	-69.8	-5.1	17.5	7.1	10.9	0.9	9.5	-10.3	35.9	28.3
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	1,562	1,977	1,571	1,472	1,602	1,373	1,109	1,467	2,808	1,604	936
Cash Conv. Cycle ⓘ	1,264	1,614	1,267	1,243	1,441	1,231	982	1,289	2,478	1,387	872

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	0.5	-
TTM Sales (₹ Cr.)	1.1	-
BVPS (₹) ⓘ	28.7	-
Reserves (₹ Cr.) ⓘ	11	-
P/BV ⓘ	0.84	-
PE ⓘ	46.26	-

From the Market
52 Week Low / High (₹)	18.32 / 36.50
All Time Low / High (₹)	0.60 / 67.85
Market Cap (₹ Cr.)	13.9
Equity (₹ Cr.)	5.8
Face Value (₹)	10
Industry PE ⓘ	33.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Garware Marine Inds. - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1.16	0.88	1.15	1.25	1.12	1.30	1.58	1.22	0.66	1.20
Operating Expenses ⓘ +	1.91	1.36	0.96	1.02	1.03	1.15	1.57	1.11	0.77	0.77
Manufacturing Costs	0.14	0.10	0.09	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Material Costs	0	0.30	0	0	0	0	0	0	0	0
Employee Cost	0.45	0.40	0.58	0.56	0.63	0.64	0.61	0.56	0.41	0.36
Other Costs ⓘ	1.32	0.57	0.29	0.43	0.37	0.49	0.93	0.52	0.33	0.38
Operating Profit ⓘ	-0.75	-0.48	0.20	0.23	0.09	0.15	0.01	0.12	-0.11	0.43
Operating Profit Margin (%)	-64.8%	-54.9%	17.0%	18.2%	7.9%	11.3%	0.9%	9.7%	-17.0%	36.1%
Other Income ⓘ +	0.83	0	0.02	0.02	0.02	0.01	0.01	0	0.05	0
Exceptional Items ⓘ	0	0	0.12	0	0	0	0	0	0	0
Interest ⓘ	0.06	0.05	0.03	0.02	0.01	0.01	0	0	0	0
Depreciation ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	0.02	-0.53	0.30	0.22	0.09	0.15	0.02	0.12	-0.07	0.43
Tax ⓘ	0.02	0.08	0.28	0.01	0.01	0.01	0	0	0	0
Profit After Tax	0	-0.61	0.03	0.22	0.08	0.14	0.01	0.12	-0.07	0.43
PAT Margin (%)	0.1%	-69.8%	2.2%	17.5%	7.1%	10.9%	0.9%	9.5%	-10.3%	35.9%
Adjusted EPS (₹)	0.0	-1.1	0.0	0.4	0.1	0.3	0.0	0.2	-0.1	0.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	5.64	10.61	7.49	6.27	5.05	5.75	11.19	7.91	11.05	17.95
Share Capital ⓘ	5.77	5.77	5.77	5.77	5.77	5.77	5.77	5.77	5.77	5.77
Reserves ⓘ	-0.13	4.84	1.73	0.50	-0.72	-0.02	5.42	2.14	5.28	12.19
Debt +	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	0.02	0.06	0.05	0.03	0.04	0.04	0.05	0.08	0.10	0.09
Others Liabilities ⓘ	0.42	0.49	0.88	0.73	0.56	0.56	0.25	0.10	0.34	1.13
Total Liabilities ⓘ	6.08	11.16	8.43	7.03	5.65	6.34	11.48	8.10	11.49	19.17
Fixed Assets
Net Fixed Assets ⓘ +	0.02	0.01	0.02	0.02	0.01	0.01	0.02	0.02	0.01	0.02
Gross Block	0.32	0.32	0.33	0.33	0.33	0.33	0.34	0.34	0.34	0.34
Accumulated Depreciation	0.30	0.31	0.31	0.31	0.32	0.32	0.32	0.32	0.32	0.32
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	0.89	6.33	3.09	1.64	0.38	0.93	6.54	2.95	6.32	13.68
Inventories	0.30	0	0	0	0	0	0	0	0	0
Trade Receivables	3.61	3.98	4.20	4.46	4.49	4.41	4.31	4.59	4.64	5.02
Cash Equivalents	0.39	0.07	0.16	0.47	0.34	0.55	0.14	0.06	0.04	0.03
Others Assets ⓘ	0.87	0.77	0.96	0.44	0.43	0.44	0.47	0.48	0.48	0.43
Total Assets ⓘ	6.08	11.16	8.43	7.03	5.65	6.34	11.48	8.10	11.49	19.17

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-0.43	-0.42	-0.18	0.26	-0.01	0.22	0.10	-0.08	-0.02	0
PBT ⓘ	0.02	-0.53	0.30	0.22	0.09	0.15	0.02	0.12	-0.07	0.43
Adjustment ⓘ	0.08	0.16	0.02	0	-0	0.18	0.56	0.16	0.01	0.06
Changes in Working Capital ⓘ	-0.53	-0.04	-0.46	0.02	-0.05	-0.08	-0.44	-0.33	0.05	-0.48
Tax Paid ⓘ	0	-0.01	-0.04	0.01	-0.04	-0.02	-0.03	-0.02	-0.01	-0.01
Cash Flow From Investing Activity ⓘ +	0.65	0.15	0.04	0.20	0.02	0.01	-0	0	0	-0.01
Capex	0.01	0.15	0.02	0.18	0	0	-0.01	0	0	-0.01
Net Investments	0.64	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0.02	0.02	0.02	0.01	0.01	0	0	0
Cash Flow From Financing Activity ⓘ +	-0.07	-0.05	0.23	-0.14	-0.14	-0.02	-0.50	-0	-0	-0
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-0.06	-0.05	-0.03	-0.02	-0.01	-0.01	-0	-0	-0	-0
Dividend Paid ⓘ	-0.02	-0.02	-0.02	-0.02	0	0	0	0	0	0
Others ⓘ	0.01	0.01	0.27	-0.10	-0.13	-0.01	-0.50	0	0	0
Net Cash Flow ⓘ	0.16	-0.32	0.09	0.32	-0.14	0.21	-0.41	-0.08	-0.03	-0.01

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	0.01	-7.56	0.28	3.17	1.4	2.63	0.17	1.21	-0.72	2.97
ROCE (%)	1.43	-5.95	3.67	3.51	1.82	2.96	0.23	1.23	-0.68	3
Asset Turnover Ratio	0.19	0.1	0.12	0.16	0.18	0.22	0.18	0.13	0.07	0.08
PAT to CFO Conversion(x)	N/A	N/A	-6	1.18	-0.13	1.57	10	-0.67	N/A	0
Working Capital Days
Receivable Days	1,094	1,576	1,296	1,268	1,460	1,250	1,005	1,326	2,545	1,467
Inventory Days	201	0	0	0	0	0	0	0	0	0
Payable Days	0	48	0	0	0	0	0	0	0	0

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Garware Marine Industries Ltd FAQs

The current trading price of Garware Marine Inds. on 17-Apr-2026 16:59 is ₹24.47.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Garware Marine Inds. stood at ₹13.88 Cr

The latest P/E ratio of Garware Marine Inds. as of 16-Apr-2026 is 46.26.

The latest P/B ratio of Garware Marine Inds. as of 16-Apr-2026 is 0.84.

The 52-week high of Garware Marine Inds. is ₹36.50 and the 52-week low is ₹18.32.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Garware Marine Inds. is ₹1.06 ( Cr.) .

About Garware Marine Industries Ltd

Garware Marine Industries was promoted by the Late Padma Bhushan B D Garware, founder of the Garware Group of Companies.

Garware Marine Industries (GMIL) is a public limited company incorporated in 1975 as Modern Nets Ltd. The name was subsequently changed to Garware Marine Industries Ltd. in 1981. The shares of the company are listed on the Bombay Stock Exchange Limited.

The company has been engaged in the manufacture and marketing of fishing nets for over 3 decades and is catering to the needs of large number of fishermen throughout the Indian sub-continent.

The company has an extremely sound marketing network for its products.The company's factory is located at Ahmednagar in Maharashtra. The products manufactured by the company are well accepted in Indian markets and Internationaly and even command a premium over other manufacturers products in view of the exceptional quality and services.

There are 24 net making machines made by world famous companies - Toyo and Amita, Japan; in the state-of-the art factory at Ahmednagar. GMIL has its own Twisting Division in the same factory to produce Twine for captive consumption. The company, at present is producing 30 tonnes of nets per month. Total turnover of the company for the year is over Rs 100 million.

The company also has Ship Repair Division which employs 5 qualified Engineers / Fitters.

The company is registered with Director General of Foreign Trade and has been exporting its products for the last few years. The company's products have been accepted in the international market.

Products offered by the company:

The company is involved in the manufacture and marketing of fishing nets made from nylon yarn. The companyâ€™s range of manufacture stretches from 210 Denier / 2 ply to 36 ply / from a minimum 10 mm to 400 mm Mesh sizes and upto maximum 600 MD Mesh Depth. Single Knot and Double Knot can be provided on order for certain construction sizes.

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● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Garware Marine Industries Ltd (509563) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Garware Marine Inds. Share Price