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Garware Offshore Services

501848 BSE
₹34.00 down 0.39 (1.13%)
Market Cap
₹105 Cr

Garware Offshore Services (GARWAOFFS) share price was ₹34.39 at the 28 Oct 2026 close; market capitalisation ₹106 Cr; sector Transport Services. The share price fell 54.4% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 177.4% year on year to ₹11.79 Cr and net profit was −₹2.86 Cr, against −₹4.76 Cr a year earlier (compared with Jun 2025). Promoters held 30.33% of Garware Offshore Services in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 37/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹34.39 −39.90 −53.71% 1Y

Key Fundamentals

MicrocapTransport ServicesServices
Market Cap
₹105 Cr
EBITDA
₹7.70 Cr
Return on Equity
-7.44%
Return on Capital Employed
-2.29%
Debt to Equity
0.48
Book Value
₹40.66
EPS (TTM)
−₹3.18
52W High
₹74.75
52W Low
₹31.36

Price-based figures as of 29 Oct 2026, 11:28 IST · EPS basis: Standalone · TTM

Peer Comparison

Services › Transport Services › Shipping

Great Eastern Shipping Company
₹1,620.806.1823,140 Cr1.360.93%17.35%17.49%7,262 Cr3,747 Cr
Shreeji Shipping Global
₹836.9585.4013,635 Cr17.740.12%19.86%24.62%794 Cr159 Cr
Shipping Corporation of India
₹249.407.1811,617 Cr1.283.07%14.87%14.30%6,746 Cr1,618 Cr
Seamec
₹1,576.5015.614,008 Cr3.080.13%19.44%18.69%1,086 Cr259 Cr
ABS Marine Services
₹291.00—714 Cr2.300.00%25.12%17.92%——
Transworld Shipping Lines
₹156.01—343 Cr0.510.96%-11.14%-4.89%628 Cr-36 Cr
Essar Shipping
₹15.523.54321 Cr—0.00%5.41%3.33%425 Cr90 Cr
Garware Offshore Services (this company)
₹34.00—105 Cr0.840.00%-7.44%-2.29%47 Cr-10 Cr
Median 8 companies₹270.207.182,361 Cr1.360.13%16.11%15.90%794 Cr159 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

37 Weak
Overall score

Data confidence 93/100

Category scores

Quality Poor 15
Returns, margins, earnings quality 22% weight
Valuation Weak 39
Cheap vs sector & own history 24% weight
Growth Strong 82
Sales & profit trajectory 9% weight
Financial Health Poor 17
Solvency, leverage, coverage 9% weight
Momentum Poor 17
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Stock is trading at 0.87 times its book value
  • Company is expected to give good quarter

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.2% over past five years.
  • Promoter holding is low: 30.3%
  • Company has a low return on equity of -6.53% over last 3 years.
  • Debtor days have increased from 66.8 to 85.5 days.

Technical Indicators

Oscillators

Bullish

Bearish
2
Neutral
1
Bullish
6

Overall

Bearish

Bearish
12
Neutral
1
Bullish
6

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
10.81% higher than 3Y

change over 1 year

Net Income Growth
-358% lower than 3Y

change over 1 year

Cash Flow Change
-19.02%

change over 1 year

EBITDA Margin Change
13.37%

change over 1 year Operating margin 35.2% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
6.61
7.8
7.86
7.69
8.39
7.26
8.13
8.97
4.25
6.74
12.24
12.48
11.79
Expenses
7.15
5.74
6.87
7.99
6.71
5.68
7.14
6.48
6.27
4.83
7.82
9.53
7.64
Operating Profit
-0.54
2.06
0.99
-0.3
1.68
1.58
0.99
2.49
-2.02
1.91
4.42
2.95
4.15
OPM %
-8.17%
26.41%
12.6%
-3.9%
20.02%
21.76%
12.18%
27.76%
-47.53%
28.34%
36.11%
23.64%
35.2%
Other Income
-2.77
-0.21
0.04
-104
0.04
0.05
0.05
0.6
0.79
2.71
0.61
0.31
0.17
Interest
0.75
0.11
0.49
0.68
0.47
0.37
0.37
0.63
0.48
0.61
1.73
1.61
1.51
Depreciation
2.89
3.12
3.14
3.12
3.17
3.41
3.49
3.44
2.95
3.55
5.08
6.51
5.61
PBT
-6.95
-1.38
-2.6
-108
-1.92
-2.15
-2.82
-0.98
-4.66
0.46
-1.78
-4.86
-2.8
Tax %
0.29%
1.45%
0.38%
1.78%
1.04%
0.93%
1.06%
2.04%
2.15%
19.57%
6.18%
11.52%
1.79%
Net Profit
-6.97
-1.4
-2.61
-110
-1.94
-2.17
-2.85
-1
-4.76
0.37
-1.89
-5.42
-2.86
EPS (₹)
-2.82
-0.57
-1.06
-44.47
-0.76
-0.83
-1.08
-0.33
-1.55
0.12
-0.61
-1.76
-0.93
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
89.92
160
98.49
76.26
64.82
70.8
61.2
47.35
29.61
29.96
32.75
35.72
43.25
Expenses
46.06
88.81
65.86
63.95
50.14
48.28
45.69
46.41
46.27
27.71
25.85
28.43
29.82
Operating Profit
43.86
70.98
32.63
12.31
14.68
22.52
15.51
0.94
-16.66
2.25
6.9
7.29
13.43
OPM %
48.78%
44.42%
33.13%
16.14%
22.65%
31.81%
25.34%
1.99%
-56.26%
7.51%
21.07%
20.41%
31.05%
Other Income
1.5
0.42
14.55
-119
-35.92
-40.31
12.3
-15.75
217
-107
0.74
4.41
3.8
Interest
9.46
18.79
20.04
21.41
27.07
24.6
18.07
18.72
3.23
2.07
2.01
4.45
5.46
Depreciation
13.36
22.39
22.59
23.69
23.42
24.32
26.41
28.24
24.14
12.27
13.51
18.1
20.75
PBT
22.54
30.22
4.55
-152
-71.73
-66.71
-16.67
-61.77
173
-119
-7.88
-10.85
-8.98
Tax %
8.21%
0.69%
5.05%
0%
0.06%
-2.83%
3.3%
0.45%
0.78%
1.66%
1.02%
7.83%
—
Net Profit
20.68
30.01
4.31
-152
-71.76
-64.83
-17.22
-62.05
172
-121
-7.96
-11.7
-9.8
EPS (₹)
8.36
12.14
1.74
-61.31
-29.02
-26.22
-6.96
-25.09
69.55
-48.91
-2.6
-3.81
-3.18
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
24.73
24.73
24.73
24.73
24.73
24.73
24.73
24.73
24.73
24.73
30.64
30.74
Reserves
354
386
390
238
167
102
84.82
22.88
195
73.9
108
97.26
Borrowings
298
401
376
370
389
417
397
408
39.14
23.98
17.26
60.88
Other Liabilities
30.97
19.96
25.45
45.64
62.05
93.76
106
128
26.04
18.81
12.46
16.19
Total Liabilities
708
832
816
679
642
638
612
584
285
141
169
205
Fixed Assets
403
545
519
492
463
451
453
429
129
120
116
173
CWIP
4.66
0
0
0
0
0
0
0
0
0
0
0
Investments
205
205
205
113
113
113
113
113
113
0.14
0.36
0.3
Other Assets
95.3
82.07
92.67
73.04
65.9
73.16
46.26
41.29
42.57
21.16
52.75
31.31
Total Assets
708
832
816
679
642
638
612
584
285
141
169
205
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
44.64
65.84
47.71
7.08
12.05
24.57
11.04
10.74
-1.01
12.53
-0.4
8.55
Investing
-8.57
-159
-12.73
-0.89
-8.31
-12.25
-3.58
-4.73
66.02
11.97
-11.01
-69.42
Financing
-23.39
86.6
-39.79
-4.17
-4.33
-6.97
-11.96
-2.4
-69.29
-25.44
40.27
37.83
Net Cash Flow
12.68
-6.46
-4.82
2.02
-0.58
5.35
-4.5
3.61
-4.28
-0.94
28.86
-23.03
Free Cash Flow
67.04
-93.25
47.36
6.04
3.27
11.69
7.3
5.96
65.01
24.44
-11.07
-65.73
CFO/EBITDA
102
93
152
73
79
105
58
1,244
1
364
3
127
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
104
64
81.09
64.28
59.86
69.6
92.2
65.45
44.5
55.92
58.96
85.53
Cash Conversion Cycle
104
64
81.09
64.28
59.86
69.6
92.2
65.45
44.5
55.92
58.96
85.53
Working Capital Days
-127
-76.23
-207
-675
-1,239
-1,652
-2,365
-3,721
-310
-304
-135
-76.43
ROCE %
4.72%
6.58%
1.36%
-1.38%
-1.35%
-0.16%
-1.98%
-5.62%
-11.39%
-1.22%
-4.41%
-3.71%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Garware Offshore Services insights

31 extracted metrics + investor summaries across FY15–FY27.

Shareholding Pattern

FIIs0.03%Public46.02%DIIs0.78%Others22.83%Promot.30.33%As ofSep 2026

Documents

Frequently Asked Questions about Garware Offshore Services

What does Garware Offshore Services Ltd do?
Incorporated in 1976, Garware Offshore Services Ltd is in the business of charter of offshore support vessels.[1]
Where is Garware Offshore Services Ltd (GARWAOFFS) listed?
Garware Offshore Services Ltd trades under code 501848 on the BSE.
Which sector does Garware Offshore Services Ltd belong to?
Garware Offshore Services Ltd is classified under the Transport Services sector, in the Shipping industry.
What is the market capitalisation of Garware Offshore Services Ltd?
Garware Offshore Services Ltd has a market capitalisation of ₹104.57 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Garware Offshore Services Ltd?
Over the last 52 weeks Garware Offshore Services Ltd has traded between ₹31.36 and ₹74.75 as of 29 Oct 2026.
What is the Return on Equity (ROE) of Garware Offshore Services Ltd?
Garware Offshore Services Ltd reported a return on equity of -7.44%. Its debt-to-equity ratio is 0.48.

Company Information

Incorporated in 1976, Garware Offshore Services Ltd is in the business of charter of offshore support vessels.[1]

Website globaloffshore.in
CEO Mr. Mukund Madhav Honkan
Employees 16
Face Value ₹ 10
Shares Outstanding 3,07,57,139

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