Garware Marine Industries Limited (509563) Fair Value & Analysis
Industrial Goods · IN · Market cap ₹20.8M
Fair value as of: Aug 13, 2026
From 12 valuation models · updated 6 days ago
Fair value updated Aug 13, 2026, revised from ₹4.34 to ₹3.76 (−13.4%) since Aug 11, 2026.
Below-average quality, and screening another 81% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹4.70). The favourable scenario is already priced in.
- Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹2.61 – ₹57.01 · fair‑value band ₹2.82 – ₹4.70 · the ₹20.00 price screens above the ₹3.76 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Garware Marine Industries Limited (509563) currently trades at ₹20.00, while our model-based Fair Value estimate is ₹3.76, implying the stock looks roughly 81.2% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrial Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Garware Marine Industries Limited generated revenue of ₹9.6M at a net margin of -10.4%. Revenue declined 48.3% year over year. The stock trades on a trailing P/E of 9.2 (as of Jul 5, 2026). Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹2.82 (bear case) to ₹4.70 (bull case); at ₹20.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 45% below its 52-week high and 9% above its 52-week low. For context, the median of 10 Industrial Goods peers we cover trades at -69% fair-value upside, at -81%, 509563 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 12 models by family
Widest divergence: Asset-Based (₹12.03) versus Earnings-Based (₹1.47). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 23
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Garware Marine Industries Limited provides ship repair services in India. The company's services include pump overhauls, engine overhaul/repairs, hydraulic and gear box repair, and pipeline and other marine fabrication jobs.
Full company description
Garware Marine Industries Limited provides ship repair services in India. The company's services include 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. The company was formerly known as Modern Nets Limited and changed its name to Garware Marine Industries Limited in December 1981. Garware Marine Industries Limited was incorporated in 1975 and is based in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Garware Marine Industries Limited reported revenue of ₹10.8M in FY2026 versus ₹15.8M in FY2022, a compound −9.0%/yr. Reported net income was ₹1.5M in FY2026, compounding +79.4%/yr from FY2022.
509563 screens 81% overvalued. Compare with Bharat Electronics Limited →
Peer Group
Industrial Goods · 22 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Aerospace/Defense - Major Diversified” was too small, so the broader sector is used.)
Valuation Multiples vs Industrial Goods median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Aerospace/Defense - Major Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Bharat Electronics Limited 500049 | ₹404.00 | ₹294.84 | -27% |
| Taneja Aerospace and Aviation Limited 522229 | ₹312.30 | ₹96.54 | -69% |
| High Energy Batteries (India) Limited 504176 | ₹578.40 | ₹1,071 | +85% |
| Shree Cement Limited 500387 | ₹25,410 | ₹4,548 | -82% |
| Siemens Limited 500550 | ₹4,019 | ₹892.67 | -78% |
| Thermax Limited 500411 | ₹4,086 | ₹679.90 | -83% |
| GMM Pfaudler Limited 505255 | ₹1,045 | ₹247.43 | -76% |
| Carborundum Universal Limited 513375 | ₹1,152 | ₹194.24 | -83% |
| IRB Infrastructure Developers Limited 532947 | ₹19.33 | ₹19.49 | +1% |
| ELGI Equipments Limited 522074 | ₹609.05 | ₹194.23 | -68% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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