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Garware Offshore Services Ltd
GLOBALOFFSHORESERVICESLTD NSE
Garware Offshore Services Ltd
ServicesNSE: GLOBALOFFSHORESERVICESLTD BSE: 501848 Transport Services
Key Fundamentals
MicrocapShippingTransport ServicesMarket Cap
₹151 Cr
Volatility
Moderate
P/E Ratio
-16.1
EBITDA
₹6.54 Cr
Return on Equity
2.72%
Debt to Equity
0.48
Book Value
₹40.61
EPS
₹0
52W High
₹90.01
52W Low
₹31.36
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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30 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Stock is trading at 1.14 times its book value
- Company is expected to give good quarter
Weaknesses
6- 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.
- Earnings include an other income of Rs.4.41 Cr.
- Debtor days have increased from 66.8 to 85.5 days.
Growth Rate
Revenue Growth
7.27% ↗
Net Income Growth
-358.06% ↘
Cash Flow Change
-20.12% ↘
ROE
-94.05% ↘
ROCE
-92.45% ↘
EBITDA Margin (Avg.)
-18.24% ↗
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.09 | 6.61 | 7.8 | 7.86 | 7.69 | 8.39 | 7.26 | 8.13 | 8.97 | 4.25 | 6.74 | 12.24 | 12.48 |
| Expenses | 9.5 | 7.15 | 5.74 | 6.87 | 7.99 | 6.71 | 5.68 | 7.14 | 6.48 | 6.27 | 4.83 | 7.82 | 9.53 |
| Operating Profit | -5.41 | -0.54 | 2.06 | 0.99 | -0.3 | 1.68 | 1.58 | 0.99 | 2.49 | -2.02 | 1.91 | 4.42 | 2.95 |
| OPM % | -132.27% | -8.17% | 26.41% | 12.6% | -3.9% | 20.02% | 21.76% | 12.18% | 27.76% | -47.53% | 28.34% | 36.11% | 23.64% |
| Other Income | 397 | -2.77 | -0.21 | 0.04 | -104 | 0.04 | 0.05 | 0.05 | 0.6 | 0.79 | 2.71 | 0.61 | 0.31 |
| Interest | -5.54 | 0.75 | 0.11 | 0.49 | 0.68 | 0.47 | 0.37 | 0.37 | 0.63 | 0.48 | 0.61 | 1.73 | 1.61 |
| Depreciation | 3.48 | 2.89 | 3.12 | 3.14 | 3.12 | 3.17 | 3.41 | 3.49 | 3.44 | 2.95 | 3.55 | 5.08 | 6.51 |
| PBT | 394 | -6.95 | -1.38 | -2.6 | -108 | -1.92 | -2.15 | -2.82 | -0.98 | -4.66 | 0.46 | -1.78 | -4.86 |
| Tax % | 0.33% | 0.29% | 1.45% | 0.38% | 1.78% | 1.04% | 0.93% | 1.06% | 2.04% | 2.15% | 19.57% | 6.18% | 11.52% |
| Net Profit | 393 | -6.97 | -1.4 | -2.61 | -110 | -1.94 | -2.17 | -2.85 | -1 | -4.76 | 0.37 | -1.89 | -5.42 |
| EPS in Rs | 159 | -2.82 | -0.57 | -1.06 | -44.47 | -0.76 | -0.83 | -1.08 | -0.33 | -1.55 | 0.12 | -0.61 | -1.76 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 90 | 160 | 98 | 76 | 65 | 71 | 61 | 47 | 30 | 30 | 33 | 36 |
| Expenses | 46 | 89 | 66 | 64 | 50 | 48 | 46 | 46 | 46 | 28 | 26 | 28 |
| Operating Profit | 44 | 71 | 33 | 12 | 15 | 23 | 16 | 1 | -17 | 2 | 7 | 7 |
| OPM % | 49% | 44% | 33% | 16% | 23% | 32% | 25% | 2% | -56% | 8% | 21% | 20% |
| Other Income | 2 | 0 | 15 | -119 | -36 | -40 | 12 | -16 | 217 | -107 | 1 | 4 |
| Interest | 9 | 19 | 20 | 21 | 27 | 25 | 18 | 19 | 3 | 2 | 2 | 4 |
| Depreciation | 13 | 22 | 23 | 24 | 23 | 24 | 26 | 28 | 24 | 12 | 14 | 18 |
| PBT | 23 | 30 | 5 | -152 | -72 | -67 | -17 | -62 | 173 | -119 | -8 | -11 |
| Tax % | 8% | 1% | 5% | 0% | 0% | -3% | 3% | 0% | 1% | 2% | 1% | 8% |
| Net Profit | 21 | 30 | 4 | -152 | -72 | -65 | -17 | -62 | 172 | -121 | -8 | -12 |
| EPS in Rs | 8.36 | 12.14 | 1.74 | -61.31 | -29.02 | -26.22 | -6.96 | -25.09 | 69.55 | -48.91 | -2.6 | -3.81 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 31 | 31 |
| Reserves | 354 | 386 | 390 | 238 | 167 | 102 | 85 | 23 | 195 | 74 | 108 | 97 |
| Borrowings | 298 | 401 | 376 | 370 | 389 | 417 | 397 | 408 | 39 | 24 | 17 | 61 |
| Other Liabilities | 31 | 20 | 25 | 46 | 62 | 94 | 106 | 128 | 26 | 19 | 12 | 16 |
| 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 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 205 | 205 | 205 | 113 | 113 | 113 | 113 | 113 | 113 | 0 | 0 | 0 |
| Other Assets | 95 | 82 | 93 | 73 | 66 | 73 | 46 | 41 | 43 | 21 | 53 | 31 |
| Total Assets | 708 | 832 | 816 | 679 | 642 | 638 | 612 | 584 | 285 | 141 | 169 | 205 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 45 | 66 | 48 | 7 | 12 | 25 | 11 | 11 | -1 | 13 | 0 | 9 |
| Investing | -9 | -159 | -13 | -1 | -8 | -12 | -4 | -5 | 66 | 12 | -10 | -69 |
| Financing | -23 | 87 | -40 | -4 | -4 | -7 | -12 | -2 | -69 | -25 | 40 | 38 |
| Net Cash Flow | 13 | -6 | -5 | 2 | -1 | 5 | -4 | 4 | -4 | -1 | 30 | -23 |
| Free Cash Flow | 67 | -93 | 47 | 6 | 3 | 12 | 7 | 6 | 65 | 24 | -11 | -66 |
| CFO/OP | 102 | 93 | 152 | 73 | 79 | 105 | 58 | 1,244 | 1 | 364 | 3 | 118 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 104 | 64 | 81 | 64 | 60 | 70 | 92 | 65 | 44 | 56 | 59 | 86 |
| Cash Conversion Cycle | 104 | 64 | 81 | 64 | 60 | 70 | 92 | 65 | 44 | 56 | 59 | 86 |
| Working Capital Days | -127 | -76 | -207 | -675 | -1,239 | -1,652 | -2,365 | -3,721 | -310 | -304 | -135 | -76 |
| ROCE % | 5% | 7% | 1% | -1% | -1% | 0% | -2% | -6% | -11% | -1% | -4% | -4% |
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Depositories and Participants) Regulations, 2018 enclosed please find copy of Certificate dated 09.04.2026 issued by our Registrar and Transfer Agent, viz., Bigshare Services Pvt Ltd. … 10 Apr - Depositories and Participants) Regulations, 2018 enclosed please find copy of Certificate dated 09.04.2026 issued by our Registrar and Transfer Agent, viz., Bigshare Services Pvt Ltd. …
2
Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (LODR).
10 Apr - Scrip ID and abbreviated name changed to GARWAOFFS from 16 April 2026. 10 Apr - Scrip ID and abbreviated name changed to GARWAOFFS from 16 April 2026.
3
Clarification On Price Movement
9 Apr - Company clarified no recent material event caused price or volume movement. 9 Apr - Company clarified no recent material event caused price or volume movement.
4
Clarification sought from Global Offshore Services Ltd
8 Apr - Exchange has sought clarification from Global Offshore Services Ltd on April 8, 2026 with reference to significant movement in price, in order to ensure that … 8 Apr - Exchange has sought clarification from Global Offshore Services Ltd on April 8, 2026 with reference to significant movement in price, in order to ensure that …
5
Business Update On Electric Mobility Initiative "Yellow EV" By Associate A-1 Sureja Industries.
26 Feb - Associate A-1 Sureja received ~1,400+ low-speed EV orders in Jan 2026; Yellow EV app live Feb 20, 2026. 26 Feb - Associate A-1 Sureja received ~1,400+ low-speed EV orders in Jan 2026; Yellow EV app live Feb 20, 2026.
Frequently Asked Questions about Garware Offshore Services Ltd
What does Garware Offshore Services Ltd do?
Incorporated in 1976, Global Offshore Services Ltd is engaged in owning, operating, and chartering of offshore support vessels.[1]
Where is Garware Offshore Services Ltd (501848) listed?
Garware Offshore Services Ltd is listed on the Indian stock exchanges. It is listed on NSE: GLOBALOFFSHORESERVICESLTD and BSE: 501848. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Garware Offshore Services Ltd belong to?
Garware Offshore Services Ltd operates in the Services sector within the Transport Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Garware Offshore Services Ltd?
Garware Offshore Services Ltd has a market capitalisation of approximately ₹150.64 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Garware Offshore Services Ltd?
The Price-to-Earnings (PE) ratio of Garware Offshore Services Ltd is -16.10. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Garware Offshore Services Ltd?
Over the past 52 weeks, Garware Offshore Services Ltd has traded between a low of ₹31.36 and a high of ₹90.01. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Garware Offshore Services Ltd?
Garware Offshore Services Ltd has a Return on Equity (ROE) of 2.72%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Garware Offshore Services Ltd on Tapetide?
On Tapetide, you can view Garware Offshore Services Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1976, Global Offshore Services Ltd is engaged in owning, operating, and chartering of offshore support vessels.[1]