Garware Marine Industries quarterly results and financials

Garware Marine Industries (BSE 509563)₹18.93+12.01%(9 Nov 2026 close)Other Textile Products

Key facts

In the Mar 2026 quarter (standalone), Garware Marine Industries reported sales of ₹0.25 Cr, up 8.7% from Mar 2025, and net profit of −₹0.04 Cr, down 140.0% year on year. For the year to Mar 2026, sales were ₹1.07 Cr and net profit ₹0.14 Cr.

Sales (Mar 2026): ₹0.25 Cr
Net profit (Mar 2026): −₹0.04 Cr
Sales (FY Mar 2026): ₹1.07 Cr
Net profit (FY Mar 2026): ₹0.14 Cr
EPS (Mar 2026): ₹−0.08
Borrowings (Mar 2026): ₹0 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Garware Marine Industries quarterly results

₹ crore unless stated; each column is a quarter.

Garware Marine Industries Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	0.19	0.15	0.14	0.14	0.40	0.28	0.26	0.23	0.25	0.25	0.29	0.25
Expenses	0.19	0.17	0.17	0.21	0.17	0.19	0.18	0.19	0.19	0.16	0.25	0.31
Operating Profit	0.00	−0.03	−0.02	−0.08	0.22	0.08	0.09	0.05	0.05	0.10	0.03	−0.05
OPM %	0.0%	−12.4%	−19.9%	−46.6%	56.2%	31.1%	29.7%	16.7%	23.2%	34.7%	13.4%	−23.0%
Other Income	0.00	0.00	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−0.02	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
Profit before tax	0.00	−0.01	0.01	−0.06	0.22	0.08	0.07	0.04	0.05	0.09	0.04	−0.04
Tax %	—	0.0%	0.0%	0.0%	17.4%	11.2%	12.6%	−119.9%	0.0%	0.0%	0.0%	0.0%
Net Profit	0.00	−0.01	0.01	−0.06	0.18	0.06	0.05	0.10	0.05	0.08	0.04	−0.04
EPS (Rs)	0.00	−0.02	0.02	−0.11	0.32	0.11	0.09	0.18	0.09	0.15	0.08	−0.08

Garware Marine Industries profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Garware Marine Industries Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1.15	0.87	1.14	1.24	1.11	1.29	1.57	1.21	0.65	1.19	1.07	1.04
Expenses	1.87	1.53	0.94	1.01	1.03	1.14	1.56	1.09	0.77	0.75	0.95	0.91
Operating Profit	−0.71	−0.67	0.21	0.22	0.07	0.16	0.02	0.11	−0.13	0.45	0.11	0.13
OPM %	−62.0%	−75.0%	17.4%	18.5%	7.2%	11.6%	0.6%	9.9%	−18.2%	36.7%	11.2%	12.5%
Other Income	0.80	0.27	0.13	0.01	0.01	0.00	0.00	0.00	0.04	0.00	0.03	0.00
Interest	0.07	0.06	0.04	0.03	0.02	0.02	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
Profit before tax	0.02	−0.42	0.30	0.22	0.08	0.14	0.01	0.11	−0.06	0.43	0.15	0.14
Tax %	66.7%	18.7%	90.4%	4.4%	11.2%	6.7%	0.0%	0.0%	0.0%	0.0%	6.3%	—
Exceptional items	1.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	0.00	−0.50	0.02	0.21	0.07	0.13	0.00	0.11	−0.06	0.42	0.14	0.13
EPS (Rs)	0.00	−0.87	0.04	0.37	0.13	0.23	0.01	0.20	−0.11	0.74	0.25	0.24
Dividend payout %	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Garware Marine Industries balance sheet

₹ crore, at each year end.

Garware Marine Industries Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5.75	5.74	5.76	5.76	5.75	5.74	5.76	5.76	5.76	5.75	5.75	5.75
Reserves	−0.12	−0.13	−0.63	1.72	0.49	−0.72	−0.01	5.41	2.13	5.27	12.14	4.57
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	0.90	0.59	0.62	0.93	0.84	0.68	0.69	0.29	0.32	0.44	1.20	0.26
Total Liabilities	6.53	6.20	5.75	8.41	7.08	5.70	6.44	11.46	8.21	11.46	19.09	10.58
Fixed Assets	0.03	0.01	0.02	0.03	0.01	0.00	0.02	0.03	0.03	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
Investments	0.89	0.88	0.83	3.08	1.63	0.37	0.92	6.52	2.94	6.29	13.63	4.88
Other Assets	5.61	5.31	4.90	5.30	5.44	5.33	5.50	4.91	5.24	5.15	5.45	5.69
Inventories	0.99	0.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Trade receivables	3.33	3.60	3.97	4.19	4.45	4.48	4.40	4.30	4.58	4.63	5.01	5.08
Cash & equivalents	0.24	0.40	0.08	0.17	0.48	0.35	0.56	0.15	0.07	0.05	0.04	0.02
Total Assets	6.53	6.20	5.75	8.41	7.08	5.70	6.44	11.46	8.21	11.46	19.09	10.58

Garware Marine Industries cash flow

₹ crore, for each year.

Garware Marine Industries Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−0.50	−0.44	−0.43	−0.19	0.27	−0.02	0.23	0.11	−0.09	−0.03	0.00	−0.07
Cash from investing activity	0.02	0.66	0.16	0.05	0.21	0.03	0.02	0.00	0.00	0.00	−0.02	0.05
Cash from financing activity	0.11	−0.08	−0.06	0.24	−0.15	−0.15	−0.03	−0.51	0.00	0.00	0.00	0.00
Net cash flow	−0.39	0.17	−0.33	0.10	0.33	−0.15	0.22	−0.42	−0.09	−0.04	−0.02	−0.03
Capex	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.02	0.00	0.00	0.02	0.00
Free cash flow	−0.47	−0.41	−0.41	−0.18	0.25	0.00	0.21	0.08	−0.07	−0.01	0.00	−0.05
CFO / OP %	64.0%	60.0%	62.0%	−70.0%	109.0%	38.0%	160.0%	1,300.1%	−50.0%	8.0%	2.0%	8.0%

Garware Marine Industries ratios

Working-capital days and returns, by year.

Garware Marine Industries Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	1,312	1,137	1,652	1,334	1,303	1,464	1,239	997	1,374	2,567	1,528	1,721
Inventory days	—	—	0	—	—	—	—	—	—	—	—	—
Cash conversion cycle	1,312	1,137	1,652	1,334	1,303	1,464	1,239	997	1,374	2,567	1,528	1,721
Working capital days	1,668	1,315	1,900	1,489	1,352	1,519	1,286	1,030	1,388	2,339	1,417	1,632
ROCE %	−6.4%	−9.1%	−9.6%	3.5%	3.6%	1.8%	3.0%	0.2%	1.3%	−0.7%	3.0%	1.1%

Garware Marine Industries: frequently asked questions

What are the latest quarterly results of Garware Marine Industries?

For the Mar 2026 quarter, Garware Marine Industries reported sales of ₹0.25 Cr, up 8.7% year on year and net profit of −₹0.04 Cr, down 140.0% year on year. The operating margin was −23.0%.

What is the annual revenue of Garware Marine Industries?

Garware Marine Industries' sales for the year to Mar 2026 were ₹1.07 Cr; over the last twelve months they were ₹1.04 Cr.

What is the net profit of Garware Marine Industries?

Net profit for the year to Mar 2026 was ₹0.14 Cr, and ₹0.13 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.24.

How much debt does Garware Marine Industries have?

Garware Marine Industries reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹0.02 Cr.

What is the free cash flow of Garware Marine Industries?

Cash from operations was −₹0.07 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹0.05 Cr.

Loading…