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About Garware Marine Industries Ltd
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Garware Marine Industries Ltd (GMIL), a Public Limited Company, was incorporated on August 8, 1975 with the name as `Modern Nets Ltd`. On March 29, 1976, the Company commenced their operations. Thereafter, the name of the Company got changed to Garware Marine Industries Ltd. in December, 1981. The company is headquartered in Mumbai and their factory is located at Ahmednagar in Maharashtra. It was promoted by Late Padma Bhushan, Shri. B. D. Garware, founder of the Garware Group of Companies. Prior toi this, it was engaged in the manufacture and marketing of Fishing Nets for over 3 decades and is catering to the needs of large number of fishermen throughout the Indian sub-continent. However the manufacturing and marketing activities have ceased to exist, it presently runs a Ship Repair Division. The Company also assist OEM engineers in carrying out Major day dockings, Shaft removal and renewal, Propeller hub overhaul, Bow thruster, and Stern thruster overhauls. It is one of the few Net Makers in the organized sector. It mainly cater to Fishing Industry situated along the coastline of India. It manufacture Nylon Fishing Nets in various sizes. During the year 2005-06, the company increased the production capacity of Fish Knitted Fabrics from 256 MT to 384 MT. During the year 2007-08, it installed 3 new net making machines at the Ahmednagar plant. In July 2008, it commissioned all the machines and started commercial production. Further, two new machines were installed and commissioned, which again commenced production in August, 2010.
Garware Marine Industries share price as on 18 Jun 2025 is Rs. 27.43. Over the past 6 months, the Garware Marine Industries share price has decreased by 18% and in the last one year, it has increased by 165.54%. The 52-week low for Garware Marine Industries share price was Rs. 9.53 and 52-week high was Rs. 57.01.
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Garware Marine Industries Ltd FAQs
You can buy Garware Marine Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Garware Marine Industries Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2025 11:10 AM the closing price of Garware Marine Industries Ltd was Rs.27.43.
The latest PE ratio of Garware Marine Industries Ltd as of Jun 18, 2025 11:10 AM is 35.87
The latest PB ratio of Garware Marine Industries Ltd as of Jun 18, 2025 11:10 AM is 1.16
The 52-week high of Garware Marine Industries Ltd share price is Rs. 57.01 while the 52-week low is Rs. 9.53
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 18, 2025 11:10 AM, the market cap of Garware Marine Industries Ltd stood at Rs. 15.82 Cr.
Market Outlook
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