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Garware Marine Industries Limited
Founded in 1975, Garware Marine Industries Limited has been operating for more than 51 years. Garware Marine Industries Limited is registered with CIN L12235MH1975PLC018481 (reg. no. 18481). It falls under the category of company limited by shares. Authorized capital of the company is recorded at ₹10.00 crore. It has a paid-up capital totaling ₹5.77 crore.
Its core business comprises mining of uranium and thorium ores. It is registered in Mumbai. The company’s incorporation address is 03rd Floor, Prospect Chambers, D.n. Road, Fort, Bazargate, Mumbai, Mumbai, Maharashtra, India, 400001. The entity is active and conducting operations. Garware Marine Industries Limited holds PAN AAACG4389D. Its primary communication email is garware.marine@gmail.com. Key executives of the company are: Vipulata Sandeep Tandel (CFO).
Company Overview
- CIN
- Date of Incorporation
- 08/08/1975
- Company Status
- Active
- RoC
- Mumbai
- Registration Number
- Balance sheet date
- 31/03/2024
- Company Category
- Company limited by shares
- Company Sub Category
- Non-government company
- Listed in Stock Exchange
- Yes
- Class of Company
- Public Limited Company
- LEI Number
- Authorized Capital
- ₹10,00,00,000.00
- Paid up Capital
- ₹5,76,61,840.00
- Activity
- MINING OF URANIUM AND THORIUM ORES
- garware.marine@gmail.com
- PAN
GST Numbers
| State | GST Number | Status |
|---|---|---|
| Maharashtra | 27AAACG4389D1ZM | Active |
| Puducherry | 34AAACG4389D1ZR | Inactive |
| West Bengal | 19AAACG4389D1ZJ | Inactive |
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| INE925D01014 | GARWARE MARINE INDUSTRIES LIMITED EQ | - | 12/10/2026 | GARWARE MARINE/SH VTG | ESVUFN |
| IN8925D01013 | GARWARE MARINE INDUSTRIES LIMITED EQ LISTING/TRADING APPROVAL AWAITED | - | 12/10/2026 | GARWARE MARINE/SH VTG | ESVUFN |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Net PPE | ₹1.78L | ₹2.03L | ₹1.47L | ₹1.72L | ₹0.00L |
| Gross PPE | ₹34.18L | ₹34.18L | ₹33.43L | ₹33.43L | ₹0.00L |
| Common Stock | ₹576.62L | ₹576.62L | ₹576.62L | ₹576.62L | ₹0.00L |
| Share Issued | ₹57.66L | ₹57.66L | ₹57.66L | ₹57.66L | ₹0.00L |
| Total Assets | ₹1,062.41L | ₹1,917.22L | ₹1,148.69L | ₹822.26L | ₹0.00L |
| Capital Stock | ₹576.62L | ₹576.62L | ₹576.62L | ₹576.62L | ₹0.00L |
| Current Assets | ₹511.05L | ₹505.95L | ₹467.43L | ₹501.15L | ₹0.00L |
| Working Capital | ₹484.21L | ₹469.19L | ₹427.19L | ₹469.98L | ₹0.00L |
| Invested Capital | ₹1,035.57L | ₹1,795.48L | ₹1,104.76L | ₹791.09L | ₹0.00L |
| Retained Earnings | -₹365.68L | -₹380.40L | -₹423.54L | -₹416.73L | ₹0.00L |
| Common Stock Equity | ₹1,035.57L | ₹1,795.48L | ₹1,104.76L | ₹791.09L | ₹0.00L |
| Net Tangible Assets | ₹1,035.56L | ₹1,795.47L | ₹1,104.75L | ₹791.08L | ₹0.00L |
| Tangible Book Value | ₹1,035.56L | ₹1,795.47L | ₹1,104.75L | ₹791.08L | ₹0.00L |
| Current Liabilities | ₹26.84L | ₹36.76L | ₹40.24L | ₹31.17L | ₹0.00L |
| Stockholders Equity | ₹1,035.57L | ₹1,795.48L | ₹1,104.76L | ₹791.09L | ₹0.00L |
| Other Equity Interest | ₹458.95L | ₹1,218.86L | ₹528.14L | ₹214.47L | ₹0.00L |
| Total Capitalization | ₹1,035.57L | ₹1,795.48L | ₹1,104.76L | ₹791.09L | ₹0.00L |
| Ordinary Shares Number | ₹57.66L | ₹57.66L | ₹57.66L | ₹57.66L | ₹0.00L |
| Other Intangible Assets | ₹0.01L | ₹0.01L | ₹0.01L | ₹0.01L | ₹0.00L |
| Other Non Current Assets | ₹33.52L | ₹35.24L | ₹4.04L | ₹5.04L | ₹0.00L |
| Total Non Current Assets | ₹551.36L | ₹1,411.27L | ₹681.26L | ₹321.11L | ₹0.00L |
| Cash And Cash Equivalents | ₹1.37L | ₹2.88L | ₹3.57L | ₹6.17L | ₹0.00L |
| Accumulated Depreciation | -₹32.40L | -₹32.15L | -₹31.96L | -₹31.71L | ₹0.00L |
| Additional Paid In Capital | ₹336.08L | ₹336.08L | ₹336.08L | ₹336.08L | ₹0.00L |
| Machinery Furniture Equipment | ₹34.18L | ₹34.18L | ₹33.43L | ₹33.43L | ₹0.00L |
| Goodwill And Other Intangible Assets | ₹0.01L | ₹0.01L | ₹0.01L | ₹0.01L | ₹0.00L |
| Total Equity Gross Minority Interest | ₹1,035.57L | ₹1,795.48L | ₹1,104.76L | ₹791.09L | ₹0.00L |
| Total Liabilities Net Minority Interest | ₹26.84L | ₹121.74L | ₹43.93L | ₹31.17L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹1.37L | ₹2.88L | ₹3.57L | ₹6.17L | ₹0.00L |
| Total Non Current Liabilities Net Minority Interest | ₹0.00L | ₹84.98L | ₹3.69L | ₹0.00L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Free Cash Flow | -₹5.66L | -₹0.66L | -₹2.22L | -₹8.27L | ₹0.00L |
| Changes In Cash | -₹1.51L | -₹0.69L | -₹2.60L | -₹8.29L | ₹0.00L |
| End Cash Position | ₹1.37L | ₹2.88L | ₹3.57L | ₹6.17L | ₹0.00L |
| Financing Cash Flow | -₹0.04L | -₹0.03L | -₹0.38L | -₹0.12L | ₹0.00L |
| Investing Cash Flow | ₹4.19L | -₹0.75L | ₹0.00L | ₹0.10L | ₹0.00L |
| Operating Cash Flow | -₹5.66L | ₹0.09L | -₹2.22L | -₹8.27L | ₹0.00L |
| Beginning Cash Position | ₹2.88L | ₹3.57L | ₹6.17L | ₹14.46L | ₹0.00L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 |
|---|---|---|---|---|
| EBIT | ₹15.79L | ₹43.48L | -₹6.43L | ₹11.73L |
| EBITDA | ₹16.04L | ₹43.67L | -₹6.18L | ₹11.98L |
| Basic EPS | ₹0.00L | ₹0.00L | -₹0.00L | ₹0.00L |
| Net Income | ₹14.72L | ₹43.14L | -₹6.81L | ₹11.58L |
| Diluted EPS | ₹0.00L | ₹0.00L | -₹0.00L | ₹0.00L |
| Gross Profit | ₹108.36L | ₹120.18L | ₹66.17L | ₹122.43L |
| Pretax Income | ₹15.75L | ₹43.45L | -₹6.81L | ₹11.61L |
| Tax Provision | ₹1.03L | ₹0.31L | ₹0.00L | ₹0.03L |
| Total Revenue | ₹108.36L | ₹120.18L | ₹66.17L | ₹122.43L |
| Cost Of Revenue | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Expenses | ₹76.74L | ₹70.84L | ₹77.64L | ₹95.31L |
| Interest Income | ₹0.03L | ₹0.24L | ₹0.00L | ₹0.10L |
| Interest Expense | ₹0.04L | ₹0.03L | ₹0.38L | ₹0.12L |
| Operating Income | ₹31.62L | ₹49.34L | -₹11.47L | ₹27.12L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | ₹36.09L | ₹49.77L | -₹6.18L | ₹27.47L |
| Normalized Income | ₹33.46L | ₹49.20L | -₹6.81L | ₹27.03L |
| Operating Expense | ₹76.74L | ₹70.84L | ₹77.64L | ₹95.31L |
| Operating Revenue | ₹108.36L | ₹120.18L | ₹66.17L | ₹122.43L |
| Net Interest Income | -₹0.01L | ₹0.21L | -₹0.38L | -₹0.02L |
| Total Unusual Items | -₹20.05L | -₹6.10L | ₹0.00L | -₹15.49L |
| Basic Average Shares | ₹57.66L | ₹57.66L | ₹57.66L | ₹57.66L |
| Diluted Average Shares | ₹57.66L | ₹57.66L | ₹57.66L | ₹57.66L |
| Other Operating Expenses | ₹7.87L | ₹6.96L | ₹8.91L | ₹9.15L |
| Reconciled Depreciation | ₹0.25L | ₹0.19L | ₹0.25L | ₹0.25L |
| Reconciled Cost Of Revenue | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Rent Expense Supplemental | ₹2.68L | ₹2.40L | ₹3.50L | ₹5.69L |
| Tax Effect Of Unusual Items | -₹1.31L | -₹0.04L | ₹0.00L | -₹0.04L |
| Interest Income Non Operating | ₹0.03L | ₹0.24L | ₹0.00L | ₹0.10L |
| Selling And Marketing Expense | ₹0.94L | ₹0.85L | ₹0.60L | ₹0.50L |
| Interest Expense Non Operating | ₹0.04L | ₹0.03L | ₹0.38L | ₹0.12L |
| Net Income Common Stockholders | ₹14.72L | ₹43.14L | -₹6.81L | ₹11.58L |
| Net Income Continuous Operations | ₹14.72L | ₹43.14L | -₹6.81L | ₹11.58L |
| Diluted NIAvailto Com Stockholders | ₹14.72L | ₹43.14L | -₹6.81L | ₹11.58L |
| General And Administrative Expense | ₹25.68L | ₹23.08L | ₹20.94L | ₹21.92L |
| Selling General And Administration | ₹26.62L | ₹23.93L | ₹21.54L | ₹22.42L |
| Net Income Discontinuous Operations | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items Excluding Goodwill | -₹20.05L | -₹6.10L | ₹0.00L | -₹15.49L |
| Net Non Operating Interest Income Expense | -₹0.01L | ₹0.21L | -₹0.38L | -₹0.02L |
| Net Income Including Noncontrolling Interests | ₹14.72L | ₹43.14L | -₹6.81L | ₹11.58L |
| Net Income From Continuing And Discontinued Operation | ₹14.72L | ₹43.14L | -₹6.81L | ₹11.58L |
| Net Income From Continuing Operation Net Minority Interest | ₹14.72L | ₹43.14L | -₹6.81L | ₹11.58L |
Company Performance (FY23–FY26)
₹1.2 Cr₹91.8 L₹61.2 L₹30.6 L₹0
FY23FY24FY25FY26
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 24/05/1993 | Aditya Ashok Garware | 00019816 | Director | View other directorships |
| 31/10/2010 | Shyamsunder Vasudev Atre | 01893024 | Whole-time director | View other directorships |
| 05/11/2014 | Shefali Sanjeev Bajaj | 00149511 | Director | View other directorships |
| 20/08/2015 | Pallavi Prakash Shedge | *****5300M | Company Secretary | |
| 15/10/2015 | Sanjay Vikram Chinai | 00245418 | Director | View other directorships |
| 26/11/2016 | Vikas Daulat Sadarangani | 07657018 | Director | View other directorships |
| 01/02/2017 | Vipulata Sandeep Tandel | *****4831D | CFO | |
| 27/03/2024 | Piyush Patel | 09655113 | Director | View other directorships |
Business Network
CompanyDirectorNot on WeeDooBoard seatKey rolePast seatOwnership
Directors 8
- Shyamsunder Vasudev AtreWhole-time director
- Piyush PatelDirector
- Vikas Daulat SadaranganiDirector
- Sanjay Vikram ChinaiDirector
- Shefali Sanjeev BajajDirector
- Aditya Ashok GarwareDirector
- Vipulata Sandeep TandelCFO
- Pallavi Prakash ShedgeCompany Secretary
Latest Documents
Category:
| Date | Title | Size |
|---|---|---|
| 01/12/2024 | Form MGT-7-28112024 | - |
| 07/11/2024 | Form AOC-4(XBRL)-24102024 | - |
Address
03rd Floor, Prospect Chambers, D.n. Road, Fort, Bazargate, Mumbai, Mumbai, Maharashtra, India, 400001
Frequently Asked Questions
What is the incorporation date of Garware Marine Industries Limited?
The incorporation date of Garware Marine Industries Limited is 08/08/1975.
What is the authorized share capital and paid-up capital of Garware Marine Industries Limited?
The authorized share capital of Garware Marine Industries Limited is ₹10,00,00,000.00. The paid-up capital is ₹5,76,61,840.00.
Who are the current board members & directors of Garware Marine Industries Limited?
The current board member of Garware Marine Industries Limited are:
- Sanjay Vikram Chinai
- Sanjay Vikram Chinai
- Vikas Daulat Sadarangani
- Shefali Sanjeev Bajaj
- Shyamsunder Vasudev Atre
- Aditya Ashok Garware
- Piyush Patel
What is the registered address of Garware Marine Industries Limited?
The registered address of Garware Marine Industries Limited is 03rd Floor, Prospect Chambers, D.n. Road, Fort, Bazargate, Mumbai, Mumbai, Maharashtra, India, 400001.
What is the Corporate Identification Number of Garware Marine Industries Limited?
The Corporate Identification Number of Garware Marine Industries Limited is L12235MH1975PLC018481.