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Garware Marine Industries Ltd Stock Analysis

Small Cap
Evaluated by 104 users | BSE: 509563 | NSE: |
Textile
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...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Jun'11Jun'12Jun'13Jun'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 5.68%3.94%-0.34%-73.03%-11.2%-6.79%-7.12%-0.43%3.35%1.57%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 10.911.19.31.61.21.20.91.21.31.1
Y-o-Y Gr. Rt.-1.7%-16%-82.9%-22.5%-6.5%-24.1%30.7%8.7%-10.4%
Adjusted EPS (Rs.) 0.660.4-0.22-10.32-1.62-0.73-1.07-0.10.380.14
Y-o-Y Gr. Rt.--39.4%-155%NANANANANANA-63.2%
Book Value per Share (Rs.) 16.6317.0216.811.113.049.7818.41310.878.76
Adjusted Net Profit 0.40.2-0.1-6-0.9-0.4-0.6-0.10.20.1
Net Op. Cash Flow (Rs. Cr.) -0.40.40.1-6.2-0.7-0.4-0.4-0.20.30
Debt to Cash Flow from Ops 00.060.10000000
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Garware Marine Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -22.4%-2%8.4%-10.4%
Adjusted EPS -15.8%NANA-63.2%
Book Value per Share -6.9-7.7-21.9-19.4
Share Price -13.3% -30.9% -10.2% 16.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Jun'11Jun'12Jun'13Jun'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 42.37-1.3-73.98-11.65-7.49-7.56-0.653.171.4
Operating Profit Margin (%) 6.034.3-1.93-462.01-83.54-63.23-54.8817.0218.237.86
Net Profit Margin (%) 3.492.07-1.36-372.67-75.37-36.37-69.84-5.1217.477.06
Debt to Equity 0000000000
Working Capital Days 3062963201,5642,1911,5621,9771,5711,4721,602
Cash Conversion Cycle 2472282291,1491,4631,2641,6141,2671,2431,441
Entity Percentage Holding
Promoters 37.72%
Institutions 2.43%
Non-Institutions 59.85%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Garware Marine Industries Ltd's performance infers:

Garware Marine Industries Ltd earnings have grown by 0%, whereas share price has depreciated -30.9% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Garware Marine Industries Ltd share prices over the last 10 years. Here is what we found out:

Garware Marine Industries Ltd share price has depreciated -13% annually over the past ten years.

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

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 company’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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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