Garware Marine Industries Ltd

Garware Marine Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Garware Marine Industries Ltd

₹ 25.5 -2.00%
25 Feb - close price
garwaremarine.com BSE: 509563
About

Incorporated in 1975, Garware Marine Industries Ltd is engaged in the business of repair of vessels.

Key Points

Business Overview:[1]
Company was in the business of manufacturing and marketing of fishing nets made from Nylon Yarn. However, as a result of a severe and long downturn in the Industry, company suspended all manufacturing activity in 2013 and decided to concentrate its efforts on the Ship repair division. Subsequently, company now carries out ship repairs for a few Shipowners and for other workshops.

Website BSE
  • Market Cap ₹ 14.7 Cr.
  • Current Price ₹ 25.5
  • High / Low ₹ 57.0 / 9.53
  • Stock P/E 58.9
  • Book Value ₹ 29.0
  • Dividend Yield 0.00 %
  • ROCE -0.74 %
  • ROE -0.74 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Stock is trading at 0.88 times its book value

Cons

  • The company has delivered a poor sales growth of -12.0% over past five years.
  • Promoter holding is low: 37.6%
  • Company has a low return on equity of 0.22% over last 3 years.
  • Company has high debtors of 2,566 days.
  • Working capital days have increased from 1,652 days to 2,538 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Ship Building Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
0.47 0.27 0.32 0.37 0.35 0.19 0.20 0.16 0.15 0.15 0.41 0.29 0.27
0.80 0.28 0.22 0.33 0.31 0.25 0.20 0.18 0.18 0.22 0.18 0.20 0.19
Operating Profit -0.33 -0.01 0.10 0.04 0.04 -0.06 0.00 -0.02 -0.03 -0.07 0.23 0.09 0.08
OPM % -70.21% -3.70% 31.25% 10.81% 11.43% -31.58% 0.00% -12.50% -20.00% -46.67% 56.10% 31.03% 29.63%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.33 -0.01 0.10 0.04 0.04 -0.06 0.00 -0.02 0.02 -0.07 0.23 0.09 0.08
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17.39% 11.11% 12.50%
-0.33 -0.01 0.10 0.04 0.04 -0.06 0.00 -0.02 0.02 -0.07 0.19 0.07 0.06
EPS in Rs -0.57 -0.02 0.17 0.07 0.07 -0.10 0.00 -0.03 0.03 -0.12 0.33 0.12 0.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

Jun 2013 Jun 2014 Mar 2015 9m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
9.33 1.60 0.93 1.16 0.88 1.15 1.25 1.12 1.30 1.58 1.22 0.66 1.12
9.51 8.97 1.70 1.88 1.54 0.95 1.02 1.04 1.15 1.57 1.10 0.78 0.79
Operating Profit -0.18 -7.37 -0.77 -0.72 -0.66 0.20 0.23 0.08 0.15 0.01 0.12 -0.12 0.33
OPM % -1.93% -460.62% -82.80% -62.07% -75.00% 17.39% 18.40% 7.14% 11.54% 0.63% 9.84% -18.18% 29.46%
0.52 4.07 0.20 0.81 0.28 0.14 0.02 0.02 0.01 0.01 0.00 0.05 0.00
Interest 0.13 0.10 0.04 0.06 0.05 0.03 0.02 0.01 0.01 0.00 0.00 0.00 0.00
Depreciation 0.34 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.13 -3.42 -0.62 0.03 -0.43 0.31 0.23 0.09 0.15 0.02 0.12 -0.07 0.33
Tax % 0.00% -3.80% 22.58% 66.67% 18.60% 90.32% 4.35% 11.11% 6.67% 0.00% 0.00% 0.00%
-0.13 -3.29 -0.76 0.00 -0.51 0.03 0.22 0.08 0.14 0.01 0.12 -0.07 0.25
EPS in Rs -0.23 -5.71 -1.32 0.00 -0.88 0.05 0.38 0.14 0.24 0.02 0.21 -0.12 0.43
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -23%
5 Years: -12%
3 Years: -20%
TTM: 60%
Compounded Profit Growth
10 Years: 4%
5 Years: %
3 Years: %
TTM: 517%
Stock Price CAGR
10 Years: -6%
5 Years: 54%
3 Years: 35%
1 Year: 109%
Return on Equity
10 Years: -2%
5 Years: 1%
3 Years: 0%
Last Year: -1%

Balance Sheet

Figures in Rs. Crores

Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5.77 5.77 5.77 5.77 5.77 5.77 5.77 5.77 5.77 5.77 5.77 5.77 5.77
Reserves 3.92 0.63 -0.13 -0.13 -0.64 1.73 0.50 -0.72 -0.02 5.42 2.14 5.28 10.93
0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3.17 1.48 0.91 0.60 0.63 0.92 0.84 0.69 0.70 0.29 0.31 0.44 1.19
Total Liabilities 12.87 7.88 6.55 6.24 5.76 8.42 7.11 5.74 6.45 11.48 8.22 11.49 17.89
3.95 0.04 0.02 0.02 0.01 0.02 0.02 0.01 0.01 0.02 0.02 0.01 0.01
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.90 0.90 0.90 0.89 0.84 3.09 1.64 0.38 0.93 6.54 2.95 6.32 12.44
8.02 6.94 5.63 5.33 4.91 5.31 5.45 5.35 5.51 4.92 5.25 5.16 5.44
Total Assets 12.87 7.88 6.55 6.24 5.76 8.42 7.11 5.74 6.45 11.48 8.22 11.49 17.89

Cash Flows

Figures in Rs. Crores

Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.14 -6.18 -0.49 -0.43 -0.42 -0.18 0.26 -0.01 0.22 0.10 -0.08 -0.02
-0.39 6.54 0.01 0.65 0.15 0.04 0.20 0.02 0.01 0.00 0.00 0.00
0.28 0.00 0.10 -0.07 -0.05 0.23 -0.14 -0.14 -0.02 -0.50 0.00 0.00
Net Cash Flow 0.03 0.36 -0.38 0.16 -0.32 0.09 0.32 -0.14 0.21 -0.41 -0.08 -0.03

Ratios

Figures in Rs. Crores

Jun 2013 Jun 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 187.39 736.84 1,310.86 1,135.91 1,650.80 1,333.04 1,302.32 1,463.26 1,238.19 995.66 1,373.24 2,566.06
Inventory Days 85.40 831.86 0.00
Days Payable 49.34 432.91
Cash Conversion Cycle 223.45 1,135.80 1,310.86 1,135.91 1,650.80 1,333.04 1,302.32 1,463.26 1,238.19 995.66 1,373.24 2,566.06
Working Capital Days 176.05 1,033.41 1,668.01 1,315.26 1,899.66 1,488.57 1,351.96 1,518.66 1,285.92 1,030.32 1,388.20 2,538.41
ROCE % 0.00% -88.32% -6.39% -9.04% -9.66% 3.48% 3.63% 1.77% 2.96% 0.24% 1.26% -0.74%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
37.72% 37.72% 37.72% 37.72% 37.72% 37.72% 37.72% 37.72% 37.72% 37.72% 37.60% 37.55%
2.43% 2.43% 2.43% 2.43% 2.43% 2.43% 2.43% 2.43% 2.43% 2.43% 2.43% 2.43%
59.85% 59.85% 59.84% 59.85% 59.84% 59.84% 59.84% 59.84% 59.85% 59.86% 59.97% 60.02%
No. of Shareholders 6,8056,7586,7196,7756,7866,7626,8436,8187,1447,2459,38910,146

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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