Garware Marine Industries
19.20
+0.05(+0.26%)
Market Cap₹11.03 Cr
PE Ratio68.39
IndustryTextiles
Company Performance:
1D+0.26%
1M-7.74%
6M-34.13%
1Y-33.70%
5Y0.00%
View Company Insightsright
More news about Garware Marine Industries
12May 26
Garware Marine Industries Posts FY26 Annual Net Profit of ₹14.72 Lakhs, Revenue Declines Year-on-Year
Garware Marine Industries reported a sharp decline in annual net profit to ₹14.72 lakhs for the year ended March 31, 2026, from ₹43.14 lakhs in the prior year, as revenue from operations fell to ₹108.36 lakhs from ₹120.18 lakhs. The final quarter of FY26 recorded a net loss of ₹(4.84) lakhs. The statutory auditors issued a qualified opinion over non-recognition of ECL provisions on trade receivables of ₹355.15 lakhs, which the management contested citing ongoing recoveries and historical customer relationships. Total assets declined to ₹1,062.41 lakhs from ₹1,917.22 lakhs, largely due to a reduction in non-current investments.
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05May 26
Garware Marine Industries Board Meeting Scheduled on May 12, 2026 to Approve Q4 and Full Year FY26 Financial Results
Garware Marine Industries has notified BSE Ltd. of a Board of Directors meeting scheduled for Tuesday, 12th May, 2026, at 12:00 noon via Video Conferencing (Hybrid Mode). The meeting has been convened pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will consider and approve the audited financial results for the quarter and year ended 31st March, 2026. The intimation was issued by Company Secretary & Compliance Officer Pallavi P. Shedge on 4th May, 2026.
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16Apr 26
Garware Marine Industries Files Q4 FY26 Compliance Disclosure Under SEBI Regulations
Garware Marine Industries Limited filed its Q4 FY26 compliance disclosure under SEBI Regulation 74(5) with BSE Limited on April 15, 2026. The filing confirms proper adherence to dematerialization processes for the quarter ended March 31, 2026. Bigshare Services Pvt. Ltd. certified that all securities received for dematerialization were processed correctly within regulatory timeframes, with proper certificate cancellation and member register updates completed as required.
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02Apr 26
Garware Marine Industries Receives EOW Notice Over ₹3.54 Crore Equipment Lease Dispute
Garware Marine Industries Limited received a notice from Chennai's Economic Offences Wing-II regarding alleged non-payment of equipment lease rentals worth ₹3,54,83,661.50, with the company directed to appear within 15 days. The matter involves ongoing litigation with Integrated Finance Company Limited, with the company having deposited ₹30 lakhs in Madras High Court and filed a counter-claim for ₹1.93 crores with 18% interest. Both cases have been clubbed and are pending hearing in Madras High Court, while management seeks legal advice emphasizing the civil nature of the sub judice matter.
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16Mar 26
Garware Marine Industries Clarifies Recent Stock Price Fluctuation on BSE
Garware Marine Industries Limited clarified to BSE that recent stock price fluctuations are market-driven with no company-specific factors involved. The company confirmed normal business operations continue while maintaining compliance with SEBI LODR Regulations 2015. The clarification was issued on March 16, 2026, by Company Secretary Pallavi P. Shedge in response to BSE's surveillance query.
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03Feb 26
Garware Marine Industries Reports Q3FY26 Results with Revenue Growth to ₹30.30 Lakhs
Garware Marine Industries Limited reported Q3FY26 revenue of ₹30.30 lakhs, up from ₹26.99 lakhs in Q3FY25, but net profit declined to ₹4.56 lakhs from ₹6.42 lakhs. Nine-month performance showed revenue at ₹82.25 lakhs versus ₹96.64 lakhs in FY25, with net profit dropping to ₹19.56 lakhs from ₹32.63 lakhs. The Board approved these results on February 3, 2026.
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31Oct 25
Garware Marine Industries Reports Reduced Net Profit for H1, Issues Corporate Guarantee
Garware Marine Industries Limited reported a 50.29% decrease in net profit to ₹15.44 for H1 FY2026, despite a 26.97% increase in total revenue to ₹51.55. The company's Q2 revenue rose 27.58% quarter-on-quarter to ₹26.00 lakh. Total assets decreased by 9.22% to ₹1,767.71, and total equity fell by 8.19% to ₹1,648.34 compared to March 31. Notably, the company issued a ₹100 crore corporate guarantee for Global Offshore Services Ltd against a ₹400 crore term loan from Kotak Mahindra Bank.
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Garware Marine Industries
19.20
+0.05
(+0.26%)
1 Year Returns:-33.70%
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