Garware Marine Industries Ltd (GARWAMAR)

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Garware Marine Industries Ltd (GARWAMAR) · mywealthgrid

About

Garware Marine Industries Ltd operates in Other Textile Products within the Consumer Discretionary sector.

Face value: ₹10

Market cap

₹11 Cr

P/E

77.6×

P/B

1.1×

Dividend yield

ROE

1.1%

ROCE

Debt / equity

OPM

10.2%

EPS (TTM)

₹0.2

Book value

₹18.0

52-week high

—

52-week low

—

1,680 historical price candles were omitted because the exchange source has not been verified.

₹19.0+7.5%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of 1.1% (3-yr avg)
−Revenue shrank over the last 5 years (-3.6% a year)
−Expensive at 77.6× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

32/100

Business quality: 29
Growth: 42
Valuation: 26

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	1	1	1	1	1	2	1	1	1	1
	2	1	1	1	1	1	2	1	1	1	1
	-1	-1	0	0	0	0	0	0	-0	0	0
OPM %	-64.7%	-60.2%	14.8%	16.8%	6.3%	10.8%	0.6%	9%	-18.2%	35.8%	10.2%
Depreciation	—	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0
	—	—	—	0	0	0	0	0	0	0	0
Profit before tax	0	-0	0	0	0	0	0	0	-0	0	0
Tax	—	—	0	—	—	0	0	0	0	0	0
Tax %	—	—	93.3%	—	—	6.7%	0%	0%	0%	0%	6.3%
	0	-1	0	0	0	0	0	0	-0	0	0
PAT margin %	0%	-58%	2.6%	17.6%	7.1%	10.8%	0.6%	9.8%	-10.6%	35.8%	13.9%
EPS (₹)	0	-0.9	0.1	0.4	0.1	0.4	—	—	—	0.8	0.3
EPS adjusted (₹)	—	—	—	—	—	0.2	0	0.2	-0.1	0.8	0.3
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	6	6	6	6
Reserves	-0	5	2	5	12	5
	0	0	0	0	0	0
	1	0	0	0	1	0
Total equity & liabilities	6	11	8	11	19	11
	0	0	0	0	0	0
CWIP	—	0	0	—	0	0
Investments	1	7	3	6	14	5
	6	5	5	5	5	6
Total assets	6	11	8	11	19	11

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	-0	-0	0	0
	0	0	0	0	-0	-0
	-0	-1	0	0	0	0
Net cash flow	0	-0	-0	-0	-0	-0
Free cash flow	0	0	-0	-0	0	0
CFO / Operating profit %	157.1%	1,000%	-72.7%	—	0%	27.3%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	16.8%	6.3%	10.8%	0.6%	9%	-18.2%	35.8%	10.2%
EBIT margin %	16.8%	6.3%	10.8%	0.6%	9%	-18.2%	35.8%	10.2%
PAT margin %	17.6%	7.1%	10.8%	0.6%	9.8%	-10.6%	35.8%	13.9%
Working capital
Receivable days	—	—	1,238	996	1,373	2,566	1,527	1,720
Inventory days	—	—	0	0	0	0	0	0
Payable days	—	—	13	12	26	0	0	38
NWC days	—	—	1,226	984	1,347	2,566	1,527	1,683
Leverage
Current ratio	—	—	26.6	22.9	16.16	12.6	18.07	18.93
Debt to EBITDA	—	—	0	0	0	—	0	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	11.5	9	15	—	—	—	—	—
Asset turnover	—	—	0.2	0.14	0.15	0.06	0.06	0.1
Return ratios
Return on assets %	—	—	2.2%	0.1%	1.5%	-0.6%	2.2%	1.4%
Return on capital employed %	—	—	2.4%	0.2%	1.3%	-0.7%	2.9%	1%
Return on equity %	—	—	2.4%	0.1%	1.5%	-0.6%	2.4%	1.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	37.72%	37.72%	37.72%	37.72%	37.2%	37.55%	37.55%	37.55%	37.55%	37.55%	37.55%	37.55%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	2.43%	2.43%	2.43%	2.43%
	62.28%	62.28%	62.28%	62.28%	62.8%	62.45%	62.45%	62.45%	60.02%	60.02%	60.02%	60.02%
No. of shareholders	—	—	—	—	—	—	—	—	11,456	12,338	13,206	12,801

Promoter holding down 0.17 percentage points since Sep 2023.

22 deals · 12 Mar 2024 – 9 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
9 Mar 2026	BONANZA PORTFOLIO LIMITED	Bulk	BSE	Buy	32,650	₹31.61	₹0.10 Cr
9 Mar 2026	MAPLE LEAF ADVISORY PRIVATE LIMITED	Bulk	BSE	Buy	29,563	₹31.64	₹0.09 Cr
9 Mar 2026	MAPLE LEAF ADVISORY PRIVATE LIMITED	Bulk	BSE	Sell	28,051	₹31.62	₹0.09 Cr
9 Mar 2026	BONANZA PORTFOLIO LIMITED	Bulk	BSE	Sell	11,600	₹31.37	₹0.04 Cr
26 Dec 2024	PRASHANT GUPTA	Bulk	BSE	Sell	47,315	₹34.79	₹0.16 Cr
20 Dec 2024	PRASHANT GUPTA	Bulk	BSE	Buy	36,341	₹32.80	₹0.12 Cr
17 Sept 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	64,329	₹55.87	₹0.36 Cr
13 Sept 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	29,569	₹55.90	₹0.17 Cr
2 Sept 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	64,334	₹46.80	₹0.30 Cr
30 Aug 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	70,429	₹44.10	₹0.31 Cr

1–10 of 22

1 / 3

Mr. Aditya A. GarwareNon-Executive - Non Independent Director-Chairperson
Mrs. Vipulata S TandelChief Financial Officer
Mrs. Shefali S. BajajNon-Executive - Non Independent Director
Mr. Shyamsunder V. AtreExecutive Director
Mr. Vikas D. SadaranganiNon-Executive - Independent Director
Mr. Piyush V. PatelNon-Executive - Independent Director
Mr. Amir J. PradhanNon-Executive - Independent Director
Ms. Pallavi P ShedgeCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Garware Marine Industries Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

5

Dividend dividend20 Dec 2011 · ex-date₹0.5
Dividend dividend21 Dec 2010 · ex-date₹0.5
Dividend dividend18 Dec 2009 · ex-date₹0.5
Dividend dividend19 Dec 2008 · ex-date₹0.5
Dividend dividend24 Dec 2007 · ex-date₹0.5

1

Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

8 announcementsExport CSV

29 Sept 2026, 1:46 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

11 Sept 2026, 2:45 pmAGM/EGM

Notice Of The Extra Ordinary General Meeting Of The Company Scheduled To Be Held On Wednesday, 7Th October, 2026 At 11:00 Am. Via VC.

EGM PDF

9 Sept 2026, 4:51 pmCompany Update

Announcement Under Reg 23 Of SEBI LODR And Outcome Of The Board Meeting.

General PDF

9 Sept 2026, 4:48 pmOthers

Board Meeting Outcome for Outcome Of The Board Meeting Held Today, 09Th September, 2026

Outcome without intimation PDF

31 Aug 2026, 4:14 pmAGM/EGM

Notice Of The 48Th Annual General Meeting Of The Company.

AGM PDF

31 Aug 2026, 4:03 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

29 Jul 2026, 7:22 pmCompany Update

Board Meeting Outcome for Revised Outcome

Revision of outcome PDF

21 Jul 2026, 4:19 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
29 Sept 2026, 1:46 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
11 Sept 2026, 2:45 pm	AGM/EGM EGM	Notice Of The Extra Ordinary General Meeting Of The Company Scheduled To Be Held On Wednesday, 7Th October, 2026 At 11:00 Am. Via VC.

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Garware Marine Industries Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

5

1

Announcements

No fund holdings on record

5

1

Not in the F&O segment

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Garware Marine Industries Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends5

Board meetings1

Announcements

Ratio timeline

No fund holdings on record

Dividends5

Board meetings1

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

5

1

5

1