Garware Marine Industries Limited (GARWAMAR) Fair Value & Analysis
Industrials · IN · Market cap ₹127M
Fair value as of: Jul 5, 2026
From 14 valuation models · updated today
Share price +0.5% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹20.39 – ₹35.57 · fair‑value band ₹2.82 – ₹4.70 · the ₹21.95 price screens above the ₹3.76 fair value. As of Jul 5, 2026.
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Garware Marine Industries Limited (GARWAMAR) currently trades at ₹21.95, while our model-based Fair Value estimate is ₹3.76 — implying the stock looks roughly 82.9% overvalued today. We read business quality at 49/100 (below-average quality), in the Industrials 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 ₹10.8M at a net margin of 13.6%. Revenue grew 11.9% year over year. It earns a return on equity of 1.0%. The stock trades on a trailing P/E of 84.4. Fundamentals as of Jul 5, 2026
Our scenario range runs from ₹2.82 (bear case) to ₹4.70 (bull case); at ₹21.95, the current price sits above that range. The share trades about 40% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -50% fair-value upside — at -83%, GARWAMAR screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.
About the company
Garware Marine Industries Limited engages in the provision of 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. 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.
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 +79.1%/yr from FY2022.
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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.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.