Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Garware Marine IndustriesBOM:509563 -2.49%62 Current Ratio is 19.04 as of Mar. 2026, which is 21% below its 10-year median of 24.19. GuruFocus rates BOM:509563 with a GF Score™ of 62/100 and a GF Value™ of ₹24.55 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 360 Aerospace & Defense companies, Garware Marine Industries ranks better than 98.89% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Garware Marine Industries's current ratio for the quarter that ended in Mar. 2026 was 19.04.
Garware Marine Industries has a current ratio of 19.04. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Garware Marine Industries's Current Ratio or its related term are showing as below:
BOM:509563'
s Current Ratio Range Over the Past 10 Years
Min: 11.62 Med: 24.19 Max: 28.78
Current: 19.04
During the past 13 years, Garware Marine Industries's highest Current Ratio was 28.78. The lowest was 11.62. And the median was 24.19.
BOM:509563's Current Ratio is ranked better than 98.89% of 360
companies
in the Aerospace & Defense industry
Industry Median: 1.93
vs BOM:509563: 19.04
Garware Marine Industries (BOM:509563) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Garware Marine Industries Current Ratio Related Terms
Garware Marine Industries Current Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:509563 vs SPCX, GE, RTX: Current Ratio Comparison
For the Aerospace & Defense subindustry, Garware Marine Industries's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Garware Marine Industries Current Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Garware Marine Industries's Current Ratio distribution charts can be found below:
* The bar in red indicates where Garware Marine Industries's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Garware Marine Industries (BOM:509563) has a Current Ratio of 19.04 as of Mar. 2026. This is 21% below median its historical median of 24.19. Over the past decade, Garware Marine Industries' Current Ratio has ranged from 11.62 to 28.78. According to the industry distribution chart, Garware Marine Industries ranks #4 out of 360 companies in the Aerospace & Defense industry, placing it in the top 1.1%.
Is Garware Marine Industries' Current Ratio too high?
Garware Marine Industries' current Current Ratio of 19.04 is 21% below median its 10-year median of 24.19. Over the past 10 years, this metric has ranged from a low of 11.62 to a high of 28.78. The Aerospace & Defense industry median Current Ratio is 1.93. Garware Marine Industries' value of 19.04 is 886.5% above this industry median. Based on the distribution chart, Garware Marine Industries ranks #4 out of 360 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Garware Marine Industries has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Garware Marine Industries' Current Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Garware Marine Industries ranks #4 out of 360 companies for Current Ratio. This places Garware Marine Industries in the top 1% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.93. Garware Marine Industries' value of 19.04 is 886.5% above this benchmark. Historically, Garware Marine Industries' own Current Ratio has ranged from 11.62 to 28.78 over the past decade. While the company's 10-year median is 24.19 vs. the industry median of 1.93, Garware Marine Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Aerospace & Defense company?
The median Current Ratio among Aerospace & Defense companies is 1.93, based on 360 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Garware Marine Industries's current Current Ratio of 19.04 is 886.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median Current Ratio is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Marine Industries's current Current Ratio is 19.04, which is 21% below median its own 10-year median of 24.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Marine Industries stock overvalued right now?
Based on GuruFocus' analysis, Garware Marine Industries (BOM:509563) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹24.55, compared to a current price of ₹21.15 — trading 13.8% below its estimated fair value. The current Current Ratio is 19.04, which is 21% below median its 10-year median of 24.19 and 886.5% above the Aerospace & Defense industry median of 1.93. Garware Marine Industries' overall GF Score™ is 62/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Garware Marine Industries (BOM:509563), the current Current Ratio is 19.04 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Garware Marine Industries (BOM:509563) Overvalued in 2026?
Based on GuruFocus' analysis, Garware Marine Industries stock appears to be undervalued.
The current stock price of ₹21.15 is trading 13.8% below its estimated GF Value™ of ₹24.55.
GuruFocus considers Garware Marine Industries to be Modestly Undervalued.
Key valuation signals for BOM:509563:
Current Ratio: 19.04 (21% below median its 10-year median of 24.19)
GF Value™: ₹24.55 vs. price of ₹21.15 (13.8% below fair value)
Industry Position: 886.5% above the Aerospace & Defense median (#4 of 360)
No single metric tells the full story. See the BOM:509563 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garware Marine Industries Ltd is an India-based company engaged in the repair of vessels. The principal product/service includes ship repair services. The ship repair services provided by the company include Pump overhauls, Engine overhauls, Hydraulic repairs, gearbox repair, and Pipeline and other marine fabrication jobs.
62GF Score
Get the complete analysis for BOM:509563
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:509563 has been successfully added to your 
