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Garware Marine Industries Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 10ISIN Demat: INE925D01014
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Business Profile
Garware Marine Industries (GARWAMAR), incorporated on Aug. 08, 1975, is engaged in manufacturing and marketing fishing nets. Earlier known as Modern Nets, it got its present name on Dec. 17, 1981. The company is part of the Garware group, which also includes Garware Polyester, Garware Wall Ropes and Garware Offshore Services as group companies.

The company manufactures nylon multi filament fishing nets in various sizes under the Garware brand name. Other products offered include nylon yarn, nylon monofilament and PVC floats. It has its manufacturing facilities at Ahmednagar in Maharashtra with an installed capacity of 256 MTPA knitted fishing nets.

In the domestic market, the company markets its products through a wide chain of distributors and agents. Registered with the Director General of Foreign Trade, the company`s products are accepted in the international market.

The registered office of the company is located at Chandermukhi, Nariman Point, Mumbai-400021.

The company reported rise of 365.15% in standalone net profit on y-o-y basis to Rs 0.31 million, while total income fell 20.44% y-o-y basis to Rs 2.46 million for the quarter ended December 2015.

In Brief

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