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5095

Garware Marine Industries BSE:509563 Stock Report

Last Price

₹12.00

Market Cap

₹69.2m

7D

-2.6%

1Y

53.8%

Updated

29 Sep, 2022

Data

Company Financials
509563 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

509563 Stock Overview

Garware Marine Industries Limited provides ship repair services in India.

Garware Marine Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Garware Marine Industries
Historical stock prices
Current Share Price₹12.00
52 Week High₹19.49
52 Week Low₹5.90
Beta0.58
1 Month Change35.75%
3 Month Change14.83%
1 Year Change53.85%
3 Year Change419.48%
5 Year Change98.35%
Change since IPO65.52%

Recent News & Updates

Shareholder Returns

509563IN MachineryIN Market
7D-2.6%-5.6%-4.4%
1Y53.8%35.9%-1.9%

Return vs Industry: 509563 exceeded the Indian Machinery industry which returned 35.9% over the past year.

Return vs Market: 509563 exceeded the Indian Market which returned -1.9% over the past year.

Price Volatility

Is 509563's price volatile compared to industry and market?
509563 volatility
509563 Average Weekly Movement8.2%
Machinery Industry Average Movement5.9%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

Stable Share Price: 509563 is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 509563's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
19757Shyamsunder Atrehttps://www.garwaremarine.com

Garware Marine Industries Limited provides ship repair services in India. The company’s services comprise pump overhauls, engine overhaul/repairs, hydraulic and gear box repair, and pipeline and other marine fabrication jobs. It also assists OEM engineers in day dockings, shaft removal and renewal, propeller hub overhaul, bow thruster, and stern thruster overhauls.

Garware Marine Industries Fundamentals Summary

How do Garware Marine Industries's earnings and revenue compare to its market cap?
509563 fundamental statistics
Market Cap₹69.19m
Earnings (TTM)₹142.00k
Revenue (TTM)₹15.84m

487.4x

P/E Ratio

4.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
509563 income statement (TTM)
Revenue₹15.84m
Cost of Revenue₹0
Gross Profit₹15.84m
Other Expenses₹15.69m
Earnings₹142.00k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.025
Gross Margin100.00%
Net Profit Margin0.90%
Debt/Equity Ratio0.0%

How did 509563 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 509563 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 509563?

Other financial metrics that can be useful for relative valuation.

509563 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.3x
Enterprise Value/EBITDA464x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 509563's PS Ratio compare to its peers?

509563 PS Ratio vs Peers
The above table shows the PS ratio for 509563 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.9x
522001 Cranex
0.3xn/a₹134.1m
537669 Laxmipati Engineering Works
0.7xn/a₹207.1m
505737 International Combustion (India)
0.4xn/a₹826.0m
522195 Frontier Springs
2.1xn/a₹1.8b
509563 Garware Marine Industries
4.4xn/a₹69.2m

Price-To-Sales vs Peers: 509563 is expensive based on its Price-To-Sales Ratio (4.4x) compared to the peer average (0.9x).


Price to Earnings Ratio vs Industry

How does 509563's PE Ratio compare vs other companies in the IN Machinery Industry?

Price-To-Sales vs Industry: 509563 is expensive based on its Price-To-Sales Ratio (4.4x) compared to the Indian Machinery industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is 509563's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

509563 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 509563's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 509563 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 509563 (₹12) is trading above our estimate of fair value (₹0.33)

Significantly Below Fair Value: 509563 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Garware Marine Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.4%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Garware Marine Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine Garware Marine Industries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Garware Marine Industries competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Garware Marine Industries performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


47.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 509563 has high quality earnings.

Growing Profit Margin: 509563's current net profit margins (0.9%) are lower than last year (10.9%).


Past Earnings Growth Analysis

Earnings Trend: 509563 has become profitable over the past 5 years, growing earnings by 47% per year.

Accelerating Growth: 509563's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 509563 had negative earnings growth (-90%) over the past year, making it difficult to compare to the Machinery industry average (22.9%).


Return on Equity

High ROE: 509563's Return on Equity (0.1%) is considered low.


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Financial Health

How is Garware Marine Industries's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 509563's short term assets (₹48.1M) exceed its short term liabilities (₹2.1M).

Long Term Liabilities: 509563's short term assets (₹48.1M) exceed its long term liabilities (₹841.0K).


Debt to Equity History and Analysis

Debt Level: 509563 is debt free.

Reducing Debt: 509563 has no debt compared to 5 years ago when its debt to equity ratio was 0.02%.

Debt Coverage: 509563 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 509563 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Garware Marine Industries's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Garware Marine Industries Dividend Yield vs Market
How does Garware Marine Industries dividend yield compare to the market?
SegmentDividend Yield
Company (Garware Marine Industries)0%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Machinery)0.7%
Analyst forecast in 3 Years (Garware Marine Industries)n/a

Notable Dividend: Unable to evaluate 509563's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 509563's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 509563's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 509563's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 509563 is not paying a notable dividend for the Indian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 509563 has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Shyamsunder Atre (78 yo)

5.92yrs

Tenure

₹1,473,360

Compensation

Mr. Shyamsunder V. Atre, B.Sc. ENGG., D.M.M. has been an Executive Director of Garware Marine Industries Ltd. since October 31, 2016. Mr. Atre holds Diploma in Marketing Management from Jamnalal Bajaj Inst...


CEO Compensation Analysis

Shyamsunder Atre's Compensation vs Garware Marine Industries Earnings
How has Shyamsunder Atre's remuneration changed compared to Garware Marine Industries's earnings?
DateTotal Comp.SalaryCompany Earnings
Mar 31 2022₹1m₹1m

₹142k

Dec 31 2021n/an/a

-₹529k

Sep 30 2021n/an/a

₹3m

Jun 30 2021n/an/a

₹4m

Mar 31 2021₹1m₹1m

₹1m

Dec 31 2020n/an/a

₹2m

Sep 30 2020n/an/a

₹2m

Jun 30 2020n/an/a

-₹994k

Mar 31 2020₹1m₹1m

₹790k

Dec 31 2019n/an/a

₹2m

Sep 30 2019n/an/a

₹1m

Jun 30 2019n/an/a

₹2m

Mar 31 2019₹1m₹1m

₹2m

Dec 31 2018n/an/a

₹1m

Sep 30 2018n/an/a

₹2m

Jun 30 2018n/an/a

₹1m

Mar 31 2018₹1m₹1m

₹250k

Dec 31 2017n/an/a

-₹642k

Sep 30 2017n/an/a

-₹4m

Jun 30 2017n/an/a

-₹4m

Mar 31 2017₹865k₹865k

-₹6m

Dec 31 2016n/an/a

-₹4m

Sep 30 2016n/an/a

-₹1m

Jun 30 2016n/an/a

-₹1m

Mar 31 2016₹1m₹1m

₹5k

Compensation vs Market: Shyamsunder's total compensation ($USD18.03K) is below average for companies of similar size in the Indian market ($USD40.41K).

Compensation vs Earnings: Shyamsunder's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 509563's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: 509563's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 509563?
Owner TypeNumber of SharesOwnership Percentage
Public Companies179,3303.1%
Institutions196,5863.4%
State or Government497,7228.6%
Private Companies748,00613.0%
Individual Insiders1,827,10931.7%
General Public2,317,43140.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 59.77% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.23%
Sushma Garware
936,090₹11.2m0%no data
6.2%
Investor Education and Protection Fund (IEPF)
357,722₹4.3m0%no data
4.07%
Universal Investment Services Pvt Ltd
234,755₹2.8m0%no data
3.71%
Sandeep Poshattiwar
213,674₹2.6m0%no data
3.68%
Aditya Garware
212,215₹2.5m0.94%no data
3.41%
Adsu Trading & Investment Co. Ltd, Asset Management Arm
196,586₹2.4m0%no data
2.87%
Shri Krishna Welfare Trust
165,699₹2.0m0%no data
2.57%
Mauve Trading Company Pvt Ltd
148,410₹1.8m0%no data
2.43%
High Court of Mumbai
140,000₹1.7m0%no data
2.24%
Global Offshore Services Limited
129,330₹1.6m0%no data
1.36%
Ashish Jain
78,347₹940.2k0%no data
1.29%
Shefali Bajaj
74,200₹890.4k0%no data
1.23%
D.S.G Ship Services Private Limited
71,134₹853.6k0%no data
1.23%
Firdaus Variava
71,000₹852.0k0%no data
1.04%
Naira Jejeebhoy
60,000₹720.0k0%no data
1.04%
- Dilnavaz
59,975₹719.7k0%no data
1.03%
Ketan Karani
59,589₹715.1k0%no data
0.95%
Maneesha Shah
55,050₹660.6k0%no data
0.88%
Shesu Trading & Investment Co. Pvt. Ltd
50,652₹607.8k0%no data
0.87%
Garware Technical Fibres Limited
50,000₹600.0k0%no data
0.52%
Garware Capital Markets Ltd.
30,000₹360.0k0%no data
0.52%
Estate Of Chandrakant Bhalchandra Garware
30,000₹360.0k0%no data
0.29%
Masu Trading & Investment Company Pvt Ltd
16,556₹198.7k0%no data
0.08%
Shashikant Garware
4,607₹55.3k0%no data
0.017%
Shyamsunder Atre
1,000₹12.0k0%no data

Company Information

Garware Marine Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Garware Marine Industries Limited
  • Ticker: 509563
  • Exchange: BSE
  • Founded: 1975
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: ₹69.194m
  • Shares outstanding: 5.77m
  • Website: https://www.garwaremarine.com

Number of Employees


Location

  • Garware Marine Industries Limited
  • 101, Swapnabhoomi
  • 'A' Wing
  • Mumbai
  • Maharashtra
  • 400028
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
509563BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2005

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.