GARWAMAR
Garware Marine Industries financials
- Market cap
- ₹13 Cr
Quarterly results
Q1 FY27: revenue up 19.2%, net profit up 16.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 −10% | 0 +11% | 0 +8% | 0 +19% |
| EBITDA | 0 | 0 | 0 | 0 | 0 +0% | 0 −50% | -0 −250% | 0 +33% |
| Net profit | 0 | 0 | 0 | 0 | 0 +29% | 0 −17% | -0 −145% | 0 +17% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −35.2% 1Y
1Y: ₹29.55 on 9 Sept 2025 → ₹19.15. High ₹33.12 (4 Nov 2025), low ₹19 (7 Sept 2026).
Financials, as filed
Revenue grew 27.9% a year over 2 years, FY24 to FY26. Operating margin widened to 12.0%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Operating profit | ₹-0 Cr | ₹0 Cr | ₹0 Cr |
| Operating margin | -18.2% | 36.4% | 12.0% |
| Interest | ₹0 Cr | ₹-0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-0 Cr | ₹0 Cr | ₹0 Cr |
| Net margin | -10.6% | 35.5% | 13.9% |
| Cash from operations | ₹-0 Cr | ₹0 Cr | ₹-0 Cr |
| Free cash flow | ₹-0 Cr | ₹-0 Cr | ₹-0 Cr |
| ROCE | -0.7% | 3.0% | 1.1% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr |
| Reserves | ₹-0 Cr | ₹5 Cr | ₹2 Cr | ₹5 Cr | ₹11 Cr | ₹5 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Total liabilities | ₹6 Cr | ₹11 Cr | ₹8 Cr | ₹11 Cr | ₹18 Cr | ₹11 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹7 Cr | ₹3 Cr | ₹6 Cr | ₹12 Cr | ₹5 Cr |
| Other assets | ₹6 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹6 Cr | ₹6 Cr |
| Total assets | ₹6 Cr | ₹11 Cr | ₹8 Cr | ₹11 Cr | ₹18 Cr | ₹11 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 14% to 12,801.
- Promoters
- 37.5%
- Government
- 2.4%
- Public
- 60.0%
Since Jun 2025
- Promoters 0.00 pp
- Government 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 37.7%, Government 2.4%, Public 59.8%.Dec '23: Promoters 37.7%, Government 2.4%, Public 59.8%.Mar '24: Promoters 37.7%, Government 2.4%, Public 59.9%.Jun '24: Promoters 37.7%, Government 2.4%, Public 59.9%.Sep '24: Promoters 37.6%, Government 2.4%, Public 60.0%.Dec '24: Promoters 37.5%, Government 2.4%, Public 60.0%.Mar '25: Promoters 37.5%, Government 2.4%, Public 60.0%.Jun '25: Promoters 37.5%, Government 2.4%, Public 60.0%.Sep '25: Promoters 37.5%, Government 2.4%, Public 60.0%.Dec '25: Promoters 37.5%, Government 2.4%, Public 60.0%.Mar '26: Promoters 37.5%, Government 2.4%, Public 60.0%.Jun '26: Promoters 37.5%, Government 2.4%, Public 60.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Garware Marine Industries Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sushma Ashok Garware | 16.23% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 6.19% | unchanged |
| Universal Investment Services Pvt. Ltd. | 4.07% | unchanged |
| Aditya Ashok Garware | 3.68% | unchanged |
| Adsu Trading And Investment Company Private Limited | 3.41% | unchanged |
| Shri Krishna Welfare Trust | 2.87% | unchanged |
| Mauve Trading Company Pvt Ltd | 2.57% | unchanged |
| Official Liquidator High Court Mumbai | 2.43% | unchanged |
| Global Offshore Services Ltd | 2.24% | unchanged |
| Shefali Sanjeev Bajaj | 1.29% | unchanged |
| Dsg Ship Services Pvt Ltd | 1.23% | unchanged |
| Firdaus S Variava | 1.17% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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