Garware Marine Industries Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L12235MH1975PLC018481 Incorporated 08 August 1975 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 509563 Public Limited Company transport and logistics
Data last updated
Market Cap
₹10.06 Cr
GARWAMAR · BSE
Share Price
₹16.90
-3.10% today
Revenue
₹1.08 Cr
FY 2025-26 · -10.0% YoY
EBITDA
₹0.11 Cr
Margin 10.2%
Net Profit
₹0.14 Cr
FY 2025-26 · -66.7% YoY
P/E (TTM)
61.3x
P/B 1.0x
ROE
0.8%
ROCE 0.9%
Authorised capital
₹10 Cr
Registered with MCA

About Garware Marine Industries Limited

Data last updated:

Garware Marine Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 08 August 1975 and has been in existence for over 51 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L12235MH1975PLC018481. Its GSTIN is 27AAACG4389D1ZM (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 509563.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.77 Cr. It is led by directors including Shyamsunder Vasudev Atre (Whole-Time Director) and Aditya Ashok Garware.

Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1.08 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹14 Lakh (net margin 13%) and EBITDA of ₹11 Lakh (EBITDA margin 10.2%). The net worth stands at ₹10.36 Cr (down 42.3% YoY). Total assets are valued at ₹10.36 Cr (down 42.3% YoY).

The company has about 4 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Garware Marine Industries. As per MCA filings, the company has open charges of ₹89.86 Cr and satisfied charges of ₹6 Cr on record. Court records list 78 cases involving the company, including 42 filed by the company and 36 filed against it; 5 cases are pending. The company has 29 deals on record (29 market trades); the latest was in March 2026.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garwaremarine.com.

Company details

CIN L12235MH1975PLC018481
Registration Number 018481
Incorporation Date 08 August 1975
ROC Mumbai
Listing Status Listed - Listed on BSE (509563)
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Garware Marine Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L12235MH1975PLC018481, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L12235MH1975PLC018481Current
U12235MH1975PTC018481Previous
U12235MH1975PLC018481Previous

Contact details

Garware Marine Industries Limited's registered office is in Mumbai, Maharashtra. Its website is garwaremarine.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    A/304 Naman Midtown, Senapati Bapat Marg Prabhadevi (West), Mumbai, Maharashtra, India – 400013
  • Industry
    Transport and Logistics, Shipbuilding & Repair Services

To see the full contact details of Garware Marine Industries Limited, buy the company report.

Comprehensive company report
Garware Marine Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Garware Marine Industries operates one associated brand: Garware Marine Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Fishing nets are manufactured and supplied by the company.garwaremarine.com

Business activity

The main business activity of Garware Marine Industries is support service to organizations. In detail, this covers other support services to organizations.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
NSupport service to OrganizationsN7Other support services to organizations

To see the full business activity and turnover split of Garware Marine Industries Limited, buy the company report.

Financials of Garware Marine Industries Limited

FY 2025-26 filings available

Garware Marine Industries Limited reported revenue of ₹1.08 Cr (down 10% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1.08 Cr
-10.0% YoY
EBITDA
₹0.11 Cr
-73.8% YoY
Profit After Tax
₹0.14 Cr
-66.7% YoY
Net Worth
₹10.36 Cr
-42.3% YoY
Total Assets
₹10.36 Cr
-42.3% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1.081.200.661.221.581.301.12
Revenue growth-10.0%+81.8%-45.9%-22.8%+21.5%+16.1%-
EBITDA0.110.42(0.11)0.120.010.150.09
EBITDA margin+10.2%+35.0%-16.7%+9.8%+0.6%+11.5%+8.0%
Profit before tax0.150.42(0.06)0.120.020.150.10
Net profit0.140.42(0.06)0.120.020.140.09
Net profit margin+13.0%+35.0%-9.1%+9.8%+1.3%+10.8%+8.0%
EPS (₹)0.260.75(0.12)0.200.020.250.14
Balance sheet
Total assets10.3617.9511.057.9111.196.255.56
Net worth10.3617.9611.057.9111.195.755.05
Total debt0.000.000.000.000.000.000.00
Cash & bank0.010.030.040.060.140.550.34
Net working capital4.844.694.274.704.605.125.01
Cash flow
Cash from operations(0.02)0.00(0.02)(0.08)0.100.22(0.01)
Cash from investing0.00(0.01)0.000.000.000.010.02
Cash from financing0.000.000.000.00(0.50)(0.02)(0.14)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.230.310.260.300.260.260.240.27
Revenue growth (YoY)-11.5%+19.2%+8.3%+11.1%-10.3%-36.6%--
Other income0.020.010.010.010.010.000.000.00
Total expenses0.220.240.320.270.180.210.190.19
EBITDA0.010.07(0.06)0.030.080.050.050.08
EBITDA margin+4.3%+22.6%-23.1%+10.0%+30.8%+19.2%+20.8%+29.6%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.00(0.01)0.00
Profit before tax0.030.08(0.05)0.040.090.050.060.08
Tax0.000.010.000.000.000.00(0.06)0.01

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.230.310.260.300.260.260.240.27
Revenue growth (YoY)-11.5%+19.2%+8.3%+11.1%-10.3%-36.6%--
Other income0.020.010.010.010.010.000.000.00
Total expenses0.220.240.320.270.180.210.190.19
EBITDA0.010.07(0.06)0.030.080.050.050.08
EBITDA margin+4.3%+22.6%-23.1%+10.0%+30.8%+19.2%+20.8%+29.6%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.00(0.01)0.00
Profit before tax0.030.08(0.05)0.040.090.050.060.08
Tax0.000.010.000.000.000.00(0.06)0.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1.081.200.661.221.581.301.12
Revenue growth-10.0%+81.8%-45.9%-22.8%+21.5%+16.1%-
Other income0.040.000.050.000.010.010.02
Total expenses0.970.780.771.101.571.151.03
Employee cost0.370.360.410.560.610.640.63
EBITDA0.110.42(0.11)0.120.010.150.09
EBITDA margin+10.2%+35.0%-16.7%+9.8%+0.6%+11.5%+8.0%
Depreciation0.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.010.01
Profit before tax0.150.42(0.06)0.120.020.150.10
Tax0.010.000.000.000.000.010.01
Net profit0.140.42(0.06)0.120.020.140.09
Net profit margin+13.0%+35.0%-9.1%+9.8%+1.3%+10.8%+8.0%
EPS (₹)0.260.75(0.12)0.200.020.250.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.775.775.775.775.775.775.77
Reserves & surplus4.5912.195.282.145.42(0.02)(0.72)
Shareholders' funds (net worth)10.3617.9611.057.9111.195.755.05
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.000.000.000.000.000.000.00
Total debt0.000.000.000.000.000.000.00
Total liabilities10.3617.9511.057.9111.196.255.56
Assets
Gross block0.340.340.340.340.340.330.33
Net block0.010.020.020.020.020.010.01
Capital work in progress0.000.000.000.000.000.000.00
Investments4.8913.686.322.956.540.930.38
Inventories0.000.000.000.000.000.000.00
Sundry debtors5.095.024.644.594.314.414.49
Cash & bank balances0.010.030.040.060.140.550.34
Loans & advances0.010.010.000.360.360.360.36
Total current assets5.115.064.685.014.815.325.19
Total current liabilities0.270.370.410.310.210.200.18
Net working capital4.844.694.274.704.605.125.01
Total assets10.3617.9511.057.9111.196.255.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.030.040.060.140.550.340.47
Net cash from operating activities(0.02)0.00(0.02)(0.08)0.100.22(0.01)
Net cash from investing activities0.00(0.01)0.000.000.000.010.02
Net cash from financing activities0.000.000.000.00(0.50)(0.02)(0.14)
Net change in cash(0.02)(0.01)(0.03)(0.08)(0.41)0.21(0.14)
Closing cash0.010.030.040.060.140.550.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-10.0%+81.8%-45.9%-22.8%+21.5%+16.1%-
EBITDA growth-73.8%+481.8%-191.7%+1100.0%-93.3%+66.7%-
PBT growth-64.3%+9998.0%-+500.0%-86.7%+50.0%-56.5%
Net income growth-66.7%+800.0%-150.0%+500.0%-85.7%+55.6%-
Revenue CAGR (3Y)-4.0%-8.8%-20.2%+2.9%+8.1%+4.2%+8.4%
EBITDA CAGR (3Y)-2.9%+247.6%-+10.1%-64.8%-7.6%-
Profitability & leverage
Net income margin+13.0%+35.0%-9.1%+9.8%+1.3%+10.8%+8.0%
Return on capital employed+0.9%+2.6%0.0%+0.9%+0.1%+1.6%+0.9%
Return on net worth+0.8%+2.6%0.0%+0.9%+0.1%+1.4%+0.8%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.000.000.000.000.006.6711.11
Efficiency & per share
Fixed asset turnover3.183.531.943.594.723.943.39
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.210.250.140.270.360.290.25
EPS (₹)0.260.75(0.12)0.200.020.250.14
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)17.9631.1419.1613.7219.409.978.76

To see the full year-wise statements and ratios of Garware Marine Industries Limited, buy the company report.

Board of directors and KMP of Garware Marine Industries Limited

Garware Marine Industries Limited currently reports 7 directors and 1 key managerial person. 10 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Aditya Ashok GarwareDirector24 May 199333 Years 5 MonthsCurrent
Amir Jusabali PradhanDirector12 Aug 20251 Years 2 MonthsCurrent
Vikas Daulat SadaranganiDirector26 Nov 20169 Years 11 MonthsCurrent
Piyush PatelDirector27 Mar 20242 Years 7 MonthsCurrent
Pallavi Prakash ShedgeCompany Secretary20 Aug 201511 Years 2 MonthsCurrent
Shyamsunder Vasudev AtreWhole-Time Director31 Oct 201016 Years 0 MonthsCurrent
Showing 6 of 8 current directors and KMP. View all directors and KMP

Auditor

Garware Marine Industries Limited is audited by D. Kothary & Co for the financial year 2023.

Auditor firmFinancial yearFirm registration number
D. Kothary & CoFY 2023105335W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 37.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 2.40% and retail and other public shareholders hold 60.00%.

Promoters: 37.60%DII (Domestic Institutional): 2.40%Retail & Others: 60.00%
Mar 2026
QUARTER
37.60% Promoters
2.40% DII (Domestic Institutional)
60.00% Retail & Others
Promoter holding - history
Now 37.60% · Mar 2026High 37.60% · Jun 2025Low 37.60% · Jun 2025
36%36.8%37.5%38.3%39%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 37.60%Sep 2025: 37.60%Dec 2025: 37.60%Mar 2026: 37.60%37.60%37.60%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters37.60%37.60%37.60%37.60%
Public62.40%62.40%62.40%62.40%

Charges & borrowings

Open charges
₹89.86 Cr
Satisfied charges
₹6 Cr
Breakdown by lending institutions
Others₹45.80 Cr
The Industrial Credit and Investment Corporaiton of India Lt₹22.93 Cr
The United Western Bank Ltd₹14.85 Cr
The Shamrao Vithal Co Op Bank Ltd₹2.00 Cr
Indian Bank₹1.25 Cr
Others₹3.03 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 May 2025101106799Others₹45.8 CrOpen
22 Jan 200810091916The Industrial Development Bank of India Limited₹1 CrOpen
28 Mar 199490186056The Shamrao Vithal Co Op Bank Ltd₹1 CrOpen
28 Mar 199490188531The Shamrao Vithal Co Op Bank Ltd₹1 CrOpen
25 Jan 199490187627The Ratnakar Bank Ltd₹25 LakhOpen

To see the full charge records of Garware Marine Industries Limited, buy the company report.

Total charge records: 30 View all charges

Deals & funding

Garware Marine Industries Limited has 29 deals on record (29 market trades); the latest was in March 2026.

Total deals
29
Market trades
29

Deals on record (5 of 29)

To see the full deal history of Garware Marine Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Garware Marine Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Garware Marine Industries Limited has a workforce of 4 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.

Employee count
4
Active EPFO establishments
1
Employee growth
-20%

GST

Garware Marine Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAACG4389D1ZMMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Garware Marine Industries Limited, buy the company report.

Recent activity

Garware Marine Industries Limited has 16 board changes on record since 1993: 8 appointments and 8 cessations. The latest: Hasanali Alibhai Bhinderwala was appointed as Additional Director on 12 Aug 2026.

Appointed
Hasanali Alibhai Bhinderwala was appointed as Additional Director.
Filing
Garware Marine Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Garware Marine Industries Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Appointed
Amir Jusabali Pradhan was appointed as Director.
Charges
A charge with Others amounted to Rs. 45.80 Cr with Charge ID 101106799 was registered on 30 May 2025.
Ceased
Rajiv Shivkumar Khanna ceased to be Director.
Appointed
Piyush Patel was appointed as Director.
Ceased
Bhupendra Maneklal Saraiya ceased to be Director.
Appointed
Vikas Daulat Sadarangani was appointed as Director.
Ceased
Sanjay Vikram Chinai ceased to be Additional Director.
Appointed
Pallavi Prakash Shedge was appointed as Company Secretary.
Ceased
Vikas Vishwanath Desai ceased to be Director.

50 earlier events are in the company report.

Frequently asked questions

Garware Marine Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 08 August 1975 (51+ years old) and is registered under CIN L12235MH1975PLC018481. Listed on BSE: 509563.

Garware Marine Industries reported revenue of ₹1.08 Cr for FY 2025-26 (down 10% YoY) based on standalone financials.

Garware Marine Industries has 8 current directors and KMP:

The latest financial statements of Garware Marine Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Garware Marine Industries is 27AAACG4389D1ZM, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Garware Marine Industries is L12235MH1975PLC018481. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Garware Marine Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 509563).

Garware Marine Industries has 78 court cases on record: 42 filed by the company and 36 filed against it. 5 are pending. Most are in the high courts.

Garware Marine Industries was incorporated on 08 August 1975, making it 51+ years old. It is registered with the Registrar of Companies, Mumbai.

Garware Marine Industries has 29 deals on record (29 market trades); the latest was in March 2026.