Garware Marine

Which are the latest news on Garware Marine?

Why is Garware Marine Industries Ltd falling/rising?

As of 05-Sep, Garware Marine Industries Ltd's stock price is at 19.27, down 0.62%. The stock has declined significantly over the year, with a 29.26% year-to-date drop, and despite recent short-term gains, the overall trend remains negative due to low investor participation and poor performance relative to moving averages.

As of 05-Sep, Garware Marine Industries Ltd's stock price is currently at 19.27, reflecting a decrease of 0.12 or 0.62%. The stock has shown a negative performance over various time frames, with a year-to-date decline of 29.26% and a one-year drop of 33.53%. This indicates a significant downward trend compared to the benchmark Sensex, which has only decreased by 10.21% over the same period.<BR><BR>Despite a recent performance where the stock has outperformed its sector by 1.85% and has gained 2.38% over the last two days, the overall trend remains negative. The stock is currently trading higher than its 5-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that while there may be short-term gains, the longer-term outlook is still weak.<BR><BR>Additionally, there has been a notable decline in investor participation, with delivery volume on September 3 dropping by 86.27% compared to the 5-day average. This decrease in trading activity could contribute to the stock's falling price, as lower liquidity often leads to increased volatility and can deter potential investors. Overall, the combination of a significant year-to-date decline, lower investor participation, and the stock's position relative to its moving averages indicates that Garware Marine Industries Ltd is experiencing a downward trend.

Who are in the management team of Garware Marine?

The management team of Garware Marine includes Aditya Garware (Chairman), S V Atre (Executive Director), Rajiv S Khanna, Sanjay V Chinai, and Vikas D Sadarangani (Independent Directors), Shefali S Bajaj (Director), and Pallavi P Shedge (Company Secretary & Compliance Officer). They oversee the company's operations and strategic direction.

The management team of Garware Marine includes the following individuals:<BR><BR>1. **Aditya Garware** - Chairman (Non-Executive)<BR>2. **S V Atre** - Executive Director<BR>3. **Rajiv S Khanna** - Independent Director<BR>4. **Shefali S Bajaj** - Director<BR>5. **Pallavi P Shedge** - Company Secretary & Compliance Officer<BR>6. **Sanjay V Chinai** - Independent Director<BR>7. **Vikas D Sadarangani** - Independent Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction. If you have any more questions about Garware Marine or its management, feel free to ask!

What does Garware Marine do?

Garware Marine Industries Ltd, a Micro Cap company in the Garments & Apparels industry, reported net sales and profit of 0 Cr for June 2026, with a market cap of INR 11 Cr. The company, originally incorporated in 1975, has a P/E ratio of 74.00 and a return on equity of 1.54%.

Overview: <BR>Garware Marine Industries Ltd operates in the Garments & Apparels industry and is categorized as a Micro Cap company.<BR><BR>History: <BR>Garware Marine Industries Limited was incorporated in 1975 under the name 'Modern Nets Limited' and changed its name in December 1981. The latest quarterly results report net sales and net profit of 0 Cr for June 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 0 Cr (Quarterly Results - Jun 2026) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 11 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 74.00 <BR>Industry P/E: 31 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.00 <BR>Return on Equity: 1.54% <BR>Price to Book: 1.08 <BR><BR>Contact Details: <BR>Address: 102 Buildarch Wisteria 1st Flr, Ram Maruti Road Dadar(W) Mumbai Maharashtra : 400028 <BR>Phone: 91-022-2423-4000 <BR>Email: investorredessal@garwarmarine.com <BR>Website: WWW.garwaremarine.com

Who are the peers of the Garware Marine?

Garware Marine's peers include Jindal Cotex Ltd, Eurotex Industri, Sri Nacha. Cott., Kallam Textiles, GTN Textiles, Samtex Fashion, Scarnose Inter., Jiwanram Sheo, and Suumaya Indust. Most peers exhibit below-average management and growth risks, with GTN Textiles showing the highest 1-year return at -6.74% and Samtex Fashion the lowest at -47.06%.

Peers: The peers of Garware Marine are Jindal Cotex Ltd, Eurotex Industri, Sri Nacha. Cott., Kallam Textiles, GTN Textiles, Samtex Fashion, Scarnose Inter., Jiwanram Sheo, Suumaya Indust.<BR><BR>Quality Snapshot: Below Average management risk is observed at Jindal Cotex Ltd, Sri Nacha. Cott., Kallam Textiles, GTN Textiles, Scarnose Inter., Jiwanram Sheo, and the rest. Average management risk is found at Suumaya Indust. while Eurotex Industri and Samtex Fashion do not qualify. Below Average growth is noted for Jindal Cotex Ltd, Sri Nacha. Cott., Kallam Textiles, GTN Textiles, Scarnose Inter., Jiwanram Sheo, and the rest, with Suumaya Indust. showing Below Average growth as well. Capital Structure is rated as Good for Garware Marine, Excellent for Suumaya Indust., and the rest have Below Average ratings.<BR><BR>Return Snapshot: The peer with the highest 1-year return is GTN Textiles at -6.74%, while Samtex Fashion has the lowest at -47.06%. Garware Marine's 1-year return of -34.57% is better than Samtex Fashion's but worse than GTN Textiles'. Additionally, Kallam Textiles, Sri Nacha. Cott., and Scarnose Inter. have negative six-month returns.

How big is Garware Marine?

As of 31st August, Garware Marine Industries Ltd has a market capitalization of 11.00 Cr, with recent net sales of 1.13 Cr and a net profit of 0.16 Cr. Shareholder's funds are 17.95 Cr, and total assets amount to 19.17 Cr as of March 2025.

As of 31st August, Garware Marine Industries Ltd has a market capitalization of 11.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Garware Marine reported Net Sales of 1.13 Cr and a Net Profit of 0.16 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 17.95 Cr and Total Assets of 19.17 Cr.

Should I buy, sell or hold Garware Marine Industries Ltd?

When is the next results date for Garware Marine Industries Ltd?

The next results date for Garware Marine Industries Ltd is 12 August 2026.

The next results date for Garware Marine Industries Ltd is scheduled for 12 August 2026.

Are Garware Marine Industries Ltd latest results good or bad?

Garware Marine Industries Ltd's latest Q4 FY26 results are unfavorable, showing a net loss of ₹0.05 crore compared to a profit of ₹0.11 crore last year, with a significant decline in operating margin to -23.08% and a drop in operating profit. Overall, the company is facing severe operational challenges and a crisis in profitability.

Garware Marine Industries Ltd's latest results for Q4 FY26 indicate a challenging financial situation. The company reported a net loss of ₹0.05 crore, a significant decline from a profit of ₹0.11 crore in the same quarter last year. While revenue showed a modest year-on-year increase of 8.33% to ₹0.26 crore, this was accompanied by a concerning sequential decline of 13.33% from the previous quarter.<BR><BR>The operating margin has turned negative at -23.08%, which is a drastic drop from the positive margin of 20.83% reported a year earlier. This indicates severe operational challenges, likely due to rising costs or pricing pressures that the company has not been able to manage effectively.<BR><BR>Overall, the financial performance reflects a crisis in profitability, with the company's operating profit before depreciation, interest, and tax (PBDIT) also falling to a loss of ₹0.06 crore, marking the weakest performance in over two years. The combination of these factors suggests that the latest results are indeed unfavorable for Garware Marine Industries Ltd.

How has been the historical performance of Garware Marine?

Garware Marine's historical performance shows fluctuations in net sales, peaking at 1.58 crore in March 2022 and declining to 1.20 crore in March 2025, but with a recovery in profitability, achieving an operating profit of 0.43 crore in March 2025 after a loss in the previous year. Total assets and liabilities increased significantly, and the book value per share improved from 19.16 to 31.14 during the same period.

Answer:<BR>The historical performance of Garware Marine shows fluctuations in net sales and profitability over the years, with a notable recovery in the latest fiscal year.<BR><BR>Breakdown:<BR>Garware Marine's net sales peaked at 1.58 crore in March 2022 but have since declined to 1.20 crore in March 2025, with a slight increase from 0.66 crore in March 2024. The total operating income followed a similar trend, reaching 1.58 crore in March 2022 and dropping to 1.20 crore in March 2025. The company's total expenditure, excluding depreciation, decreased from 1.57 crore in March 2022 to 0.77 crore in March 2025. Operating profit (PBDIT) showed a significant improvement, moving from a loss of 0.12 crore in March 2024 to a profit of 0.43 crore in March 2025, resulting in an operating profit margin of 35.83%. Profit before tax also turned positive, reaching 0.43 crore in March 2025 after a loss in the previous year. The profit after tax mirrored this trend, increasing to 0.43 crore in March 2025 from a loss of 0.07 crore in March 2024. The company's total assets rose significantly from 11.49 crore in March 2024 to 19.17 crore in March 2025, while total liabilities also increased from 11.49 crore to 19.17 crore during the same period. The book value per share improved from 19.16 in March 2024 to 31.14 in March 2025, indicating a strengthening financial position.

Who are the top shareholders of the Garware Marine?

The top shareholders of Garware Marine include Sushma Ashok Garware with 16.23%, and Shri Krishna Welfare Trust as the highest public shareholder at 2.87%. Individual investors hold a combined 46.7%, with no institutional or pledged promoter holdings.

The top shareholders of Garware Marine include Sushma Ashok Garware, who holds the largest stake at 16.23%. The highest public shareholder is Shri Krishna Welfare Trust, with a holding of 2.87%. Additionally, individual investors collectively hold 46.7% of the company's shares. There are no institutional holdings from mutual funds or foreign institutional investors, and there are no pledged promoter holdings.

Is Garware Marine overvalued or undervalued?

As of August 7, 2024, Garware Marine is considered very expensive and overvalued, with a PE Ratio of 14.08 and poor stock performance, lagging behind the Sensex, while its peers show more attractive valuations.

As of 7 August 2024, Garware Marine's valuation grade has moved from risky to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios include a PE Ratio of 14.08, an EV to EBIT of 14.05, and a Price to Book Value of 0.78, which suggest that despite a relatively low price-to-book ratio, the overall valuation metrics are not favorable compared to its peers.<BR><BR>In comparison with notable peers, Altius Telecom has a PE Ratio of 52.97 and a PEG Ratio of 0, while Embassy Office REIT shows a PE Ratio of 23.06 and an EV to EBITDA of 21.67, both indicating more attractive valuations. Additionally, Garware Marine's recent stock performance has lagged behind the Sensex, with a year-to-date return of -22.46% compared to the Sensex's 5.59%, reinforcing the notion that the stock is currently overvalued in the market.

What is the technical trend for Garware Marine?

As of May 14, 2025, Garware Marine's technical trend is mildly bearish, influenced by mixed signals from MACD and Bollinger Bands, with bearish daily moving averages.

As of 14 May 2025, the technical trend for Garware Marine has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish position. The Bollinger Bands present a bearish signal on the weekly chart but are mildly bullish on the monthly chart. Daily moving averages are bearish, and the KST reflects a mildly bullish trend on the weekly but mildly bearish on the monthly. Both weekly and monthly Dow Theory indicate no trend. Overall, the current technical stance is mildly bearish, driven primarily by the mixed signals from MACD and Bollinger Bands, alongside bearish daily moving averages.

Has Garware Marine declared dividend?

Garware Marine Industries Ltd has declared a 5% dividend, amounting to 0.5 per share, with an ex-date of December 20, 2011. Despite this, the dividend yield is currently 0%, but the company has shown significant price appreciation over various periods.

Garware Marine Industries Ltd has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.5<BR>- Ex-date: 20 Dec 11<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -34.15%, the dividend return was 0%, resulting in a total return of -34.15%.<BR><BR>In the 1-year period, the price return was 118.73%, the dividend return was 0%, resulting in a total return of 118.73%.<BR><BR>In the 2-year period, the price return was 179.29%, the dividend return was 0%, resulting in a total return of 179.29%.<BR><BR>In the 3-year period, the price return was 121.91%, the dividend return was 0%, resulting in a total return of 121.91%.<BR><BR>In the 4-year period, the price return was 326.75%, the dividend return was 0%, resulting in a total return of 326.75%.<BR><BR>In the 5-year period, the price return was 1327.49%, the dividend return was 0%, resulting in a total return of 1327.49%.<BR><BR>Overall, Garware Marine has declared a dividend, but the dividend yield is currently 0%. The total returns over various periods show significant price appreciation, particularly over the longer term, indicating strong performance despite the lack of dividends in recent years.