Garware Marine

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 March 2025, with a market cap of Rs 14 Cr. The company, originally incorporated as Modern Nets Ltd in 1975, has a P/E of 14.00 and a debt-equity ratio of 0.00.

Overview:<BR>Garware Marine Industries Ltd operates in the Garments & Apparels industry and is categorized as a Micro Cap company.<BR><BR>History:<BR>The company was incorporated in 1975 under the name 'Modern Nets Ltd' and changed its name to Garware Marine Industries Ltd in December 1981. The latest quarterly results reported net sales and net profit of 0 Cr for March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 0 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 14 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 14.00 <BR>Industry P/E: 32 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.00 <BR>Return on Equity: 2.39% <BR>Price-to-Book: 0.78 <BR><BR>Contact Details:<BR>Address: 102 Buildarch Wisteria 1st Flr, Ram Maruti Road Dadar(W) Mumbai Maharashtra : 400028 <BR>Tel: 91-022-2423-4000 <BR>Email: investorredessal@garwarmarine.com <BR>Website: WWW.garwaremarine.com

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.

Who are the peers of the Garware Marine?

Garware Marine's peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Avax Apparels, Seasons Textiles, Kush Industries, and United Leasing. Garware Marine has below-average management risk and a 1-year return of 104.94%, outperforming its peers, while K P R Mill Ltd leads in 1-year return at 41.29%.

Peers: The peers of Garware Marine are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Avax Apparels, Seasons Textiles, Kush Industries, and United Leasing.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, Vedant Fashions, and Avax Apparels, while Good management risk is found at Trent. Average management risk is seen at Trident, and Below Average management risk is noted for Garware Marine, Seasons Textiles, and United Leasing. Growth is Excellent for Avax Apparels, Good for K P R Mill Ltd, and Below Average for Page Industries, Vedant Fashions, Trident, Garware Marine, Seasons Textiles, and United Leasing. Capital Structure is Excellent for Page Industries, K P R Mill Ltd, and Vedant Fashions, Good for Garware Marine and Trident, and Below Average for Trent and Seasons Textiles.<BR><BR>Return Snapshot: K P R Mill Ltd has the highest 1-year return at 41.29%, while Vedant Fashions has the lowest at -24.55%. Garware Marine's 1-year return of 104.94% is significantly higher than all peers. Additionally, Vedant Fashions and Trident have negative six-month returns.

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.

Who are in the management team of Garware Marine?

As of March 2023, the management team of Garware Marine includes Aditya Garware (Chairman), S V Atre (Executive Director), Rajiv S Khanna, Shefali S Bajaj, Sanjay V Chinai, and Vikas D Sadarangani (Independent Directors), along with Pallavi P Shedge (Company Secretary & Compliance Officer). Each member contributes to the company's governance and strategic direction.

As of March 2023, 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>Each member plays a significant role in the governance and strategic direction of the company.

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.

How big is Garware Marine?

As of 24th July, Garware Marine Industries Ltd has a market capitalization of 16.00 Cr, with recent net sales of 1.21 Cr and a net profit of 0.43 Cr. The balance sheet for March 2024 shows shareholder's funds of 11.05 Cr and total assets of 11.49 Cr.

As of 24th July, Garware Marine Industries Ltd has a market capitalization of 16.00 Cr, categorizing it as a Micro Cap company.<BR><BR>For the latest four quarters, the company reported Net Sales of 1.21 Cr and a Net Profit of 0.43 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 11.05 Cr and Total Assets of 11.49 Cr.

When is the next results date for Garware Marine?

The next results date for Garware Marine is 12 August 2025.

The next results date for Garware Marine is scheduled for 12 August 2025.

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.

Are Garware Marine Industries Ltd latest results good or bad?

Garware Marine Industries Ltd's latest results are concerning, showing a 44.44% decline in net profit and a sharp drop in operating margins to 10.0%, despite modest revenue growth. Overall, the company's weak profitability and low returns on equity and capital employed suggest significant operational challenges.

Garware Marine Industries Ltd's latest results present a mixed picture, but overall, they lean towards the negative side. In the third quarter of FY26, the company reported a net profit of ₹0.05 crores, which is a significant decrease of 44.44% quarter-on-quarter and 16.67% year-on-year. This decline in profitability is concerning, especially given the backdrop of modest revenue growth.<BR><BR>On the revenue front, Garware Marine achieved ₹0.30 crores, reflecting a sequential increase of 15.38% and a year-on-year growth of 11.11%. While this topline growth is a positive sign, it has not translated into improved profitability. The operating margin fell sharply to 10.0% from 30.77% in the previous quarter, indicating severe operational challenges. <BR><BR>Additionally, the company's return on equity (ROE) is alarmingly low at just 1.94%, and the return on capital employed (ROCE) is similarly disappointing at 1.58%. These figures suggest that the company is struggling to generate adequate returns for its shareholders.<BR><BR>Overall, the combination of declining net profit, collapsing margins, and weak returns on capital points to significant operational weaknesses. Investors should approach Garware Marine Industries with caution, as the current financial performance raises concerns about the sustainability of its business model.

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

Why is Garware Marine Industries Ltd falling/rising?

As of 17-Mar, Garware Marine Industries Ltd's stock price is at 25.22, reflecting a 2.52% increase after a trend reversal following five days of decline. However, the stock has dropped 13.48% over the past week, indicating concerns about investor engagement despite a longer-term resilience with a 5.52% increase over the past year.

As of 17-Mar, Garware Marine Industries Ltd's stock price is rising, currently at 25.22, reflecting an increase of 0.62 or 2.52%. This upward movement comes after a trend reversal, as the stock has gained after five consecutive days of decline. Additionally, the stock has outperformed its sector by 2.92% today, indicating a positive shift in performance relative to its peers.<BR><BR>Despite the recent rise, it is important to note that the stock has experienced a significant drop of 13.48% over the past week, while the benchmark Sensex has only decreased by 2.73%. However, in the longer term, the stock has shown resilience, with a 5.52% increase over the past year and a remarkable 193.26% rise over the last three years.<BR><BR>Investor participation has been declining, as evidenced by a delivery volume of 10.09k on 16 March, which has fallen by 80.06% compared to the five-day average. This suggests that while the stock is currently rising, there may be underlying concerns regarding investor engagement and liquidity, as the stock is liquid enough for trade sizes of Rs 0 crore based on 2% of the five-day average traded value. Overall, the recent rise in stock price appears to be a response to a short-term recovery after a period of decline, despite the broader context of fluctuating investor interest.

Why is Garware Marine Industries Ltd falling/rising?

As of 18-Mar, Garware Marine Industries Ltd's stock price has risen by 0.68% to 25.31, following a two-day gain of 2.89%. However, despite this short-term increase, the stock's long-term outlook is concerning due to weak fundamentals and performance metrics.

As of 18-Mar, Garware Marine Industries Ltd's stock price is currently rising, having increased by 0.17 (0.68%) to a current price of 25.31. This rise follows a trend where the stock has gained for the last two days, resulting in a total return of 2.89% during this period. However, it is important to note that despite this recent uptick, the stock has underperformed its sector by 2.02% today.<BR><BR>In the context of longer-term performance, Garware Marine Industries Ltd has shown a mixed picture. Over the past year, the stock has generated a return of 7.70%, which is significantly better than the BSE500 index's return of 1.86%. Additionally, the stock has outperformed the benchmark over the last three years, with a remarkable 194.30% increase compared to the Sensex's 32.27%. <BR><BR>Despite these positive aspects, there are underlying concerns that may affect the stock's future performance. The company has demonstrated weak long-term fundamental strength, with a -1.23% compound annual growth rate (CAGR) in operating profits over the last five years. Furthermore, the company's ability to service its debt is weak, indicated by a poor EBIT to Interest ratio of 0.01, and it has a low return on equity (ROE) of 1.18%. <BR><BR>The recent flat financial results, including the lowest quarterly earnings before interest and taxes (PBDIT) and earnings per share (EPS), further highlight the challenges the company faces. Additionally, the stock is trading at a premium compared to its peers, with a price-to-book value of 0.9, suggesting it may be overvalued.<BR><BR>In summary, while Garware Marine Industries Ltd is experiencing a short-term rise in stock price, the long-term outlook is clouded by weak fundamentals and performance metrics that could lead to future declines.

Why is Garware Marine Industries Ltd falling/rising?

As of 19-Mar, Garware Marine Industries Ltd's stock price is at 24.79, down 2.32%, following a trend reversal after previous gains. Investor participation has decreased significantly, and despite some positive returns over the past month and year, the stock has underperformed year-to-date, with weak long-term fundamentals and an expensive valuation compared to peers.

As of 19-Mar, Garware Marine Industries Ltd's stock price is falling, currently at 24.79, reflecting a change of -0.59 or -2.32%. This decline follows a trend reversal after two consecutive days of gains. The stock's performance today is in line with the sector, which has seen a decrease of -2.16%. <BR><BR>Investor participation has notably decreased, with delivery volume on March 18 falling by -90.48% compared to the five-day average, indicating reduced trading interest. Additionally, while the stock has shown positive returns over the past month (+3.29%) and year (+1.81%), it has underperformed in the year-to-date period with a decline of -8.99%, contrasting with the broader market, which has also seen a downturn of -12.92%.<BR><BR>The company's long-term fundamentals are weak, evidenced by a -1.23% compound annual growth rate in operating profits over the last five years and a poor EBIT to Interest ratio of 0.01, suggesting challenges in servicing debt. Furthermore, the stock is trading at a premium compared to its peers, with a Price to Book Value of 0.9, indicating an expensive valuation relative to historical averages. These factors contribute to the stock's current downward movement.

Why is Garware Marine Industries Ltd falling/rising?

As of 20-Mar, Garware Marine Industries Ltd's stock price is rising to 25.22, reflecting a 2.98% increase. This rise is supported by strong recent performance, outperforming the sector and showing gains over the past week and month, despite a year-to-date decline and reduced investor participation.

As of 20-Mar, Garware Marine Industries Ltd's stock price is rising, currently at 25.22, reflecting a change of 0.73 or 2.98% increase. This upward movement can be attributed to its recent performance, where the stock has outperformed the sector by 2.86% today. Additionally, over the past week, the stock has shown a gain of 2.27%, while the benchmark Sensex has remained nearly flat with a change of -0.04%. <BR><BR>In the past month, Garware Marine Industries Ltd has increased by 5.52%, contrasting sharply with the Sensex, which has declined by 10.00%. This indicates a strong relative performance against the broader market. However, it is important to note that the stock has experienced a year-to-date decline of 7.42%, which may reflect some underlying challenges despite the recent positive momentum.<BR><BR>The stock's moving averages indicate that it is currently above the 5-day, 20-day, and 50-day moving averages, suggesting a short-term bullish trend. However, it remains below the 100-day and 200-day moving averages, which could indicate potential resistance levels. <BR><BR>Despite the positive price movement, there is a noted decline in investor participation, with delivery volume falling by 25.89% compared to the 5-day average. This could suggest that while the price is rising, there may be concerns about sustainability in trading activity. Overall, the combination of recent outperformance and positive short-term trends contributes to the stock's rising price.

Which are the latest news on Garware Marine?