---
title: "ABS Marine Services Ltd (ABSMARINE) — Share Price, Financials & Analysis"
symbol: "ABSMARINE"
company: "ABS Marine Services Ltd"
canonical: "https://tapetide.com/stocks/ABSMARINE"
isin: "INE0QRV01016"
nse_symbol: "ABSMARINE"
sector: "Transport Services"
industry: "Shipping"
market_cap_cr: 756.14
generated_at: "2026-09-13T20:16:51.941Z"
---

# ABS Marine Services Ltd (ABSMARINE)

Canonical page: https://tapetide.com/stocks/ABSMARINE

## Company

- **NSE Symbol:** ABSMARINE
- **ISIN:** INE0QRV01016
- **Sector:** Transport Services
- **Industry:** Shipping
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2024-05-21
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** absmarine.com

## About

Incorporated in 1992, ABS Marine Ltd is in the business of providing shipping services[1]

## Latest Price

- **Price:** ₹316
- **Change:** -3.45 (-1.08%)
- **Open:** ₹312.2
- **Day High:** ₹324.8
- **Day Low:** ₹304
- **Previous Close:** ₹319.45
- **Volume:** 111500
- **As Of:** 2026-09-11T09:50:02+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:07.425081Z.

- **Market Cap:** ₹756.14 Cr
- **Classification:** SME
- **P/E (reported):** 9.7
- **Book Value:** ₹126.71
- **Price to Book:** 2.52
- **Dividend Yield:** 0%
- **ROE:** 25.12%
- **ROCE:** 17.92%
- **Debt to Equity:** 1.21
- **Revenue (yearly):** ₹322.6 Cr
- **Net Income:** ₹80.8 Cr
- **EBITDA:** ₹152.5 Cr
- **52-Week High:** ₹347.75
- **52-Week Low:** ₹143.05
- **RSI (14):** 68.95

## Tapetide Score

- **Score:** 66 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 97.4 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 17.83 | 9% |
| growth | 96.3 | 9% |
| momentum | 98.18 | 12% |
| ownership | 74.94 | 24% |
| quality | 61.84 | 22% |
| valuation | 57.02 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 123% CAGR over last 5 years
- Company's working capital requirements have reduced from 45.2 days to 21.7 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Contingent liabilities of Rs.310 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 273.4% | — | — |
| ebitda margin growth | 59.46% | 46.06% | 26.45% |
| net income growth | 195.97% | 108% | 123% |
| revenue growth | 75.04% | 42% | 29% |
| roce | 61.88% | -11.11% | 14.61% |
| roe | 121.32% | 18.84% | 170.69% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 80 | 100 | 136 | 183 |
| Expenses | 63 | 67 | 81 | 89 |
| Operating Profit | 17 | 33 | 55 | 94 |
| OPM % | 21 | 33 | 40 | 51 |
| Other Income | 2 | 3 | 4 | 0 |
| Interest | 3 | 3 | 13 | 18 |
| Depreciation | 6 | 6 | 13 | 23 |
| Profit before tax | 10 | 26 | 33 | 54 |
| Tax % | 22 | 27 | 4 | 8 |
| Net Profit | 8 | 19 | 31 | 49 |
| EPS in Rs | 3.22 | 7.83 | 12.62 | 19.96 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 91 | 89 | 72 | 111 | 135 | 180 | 319 |
| Expenses | 75 | 67 | 52 | 84 | 90 | 130 | 170 |
| Operating Profit | 16 | 22 | 20 | 28 | 45 | 50 | 149 |
| OPM % | 17 | 25 | 28 | 25 | 33 | 28 | 47 |
| Other Income | 6 | 3 | 11 | 3 | 0 | 4 | 4 |
| Interest | 6 | 4 | 4 | 5 | 5 | 6 | 31 |
| Depreciation | 17 | 18 | 16 | 13 | 14 | 13 | 35 |
| Profit before tax | -1 | 3 | 10 | 12 | 26 | 37 | 86 |
| Tax % | 168 | 24 | 18 | 17 | 3 | 25 | 6 |
| Net Profit | -3 | 2 | 8 | 10 | 25 | 27 | 81 |
| EPS in Rs | — | — | — | — | — | 11.05 | 32.59 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 18 | 25 | 25 |
| Reserves | 74 | 76 | 84 | 94 | 99 | 206 | 287 |
| Borrowings | 94 | 86 | 61 | 49 | 46 | 178 | 377 |
| Other Liabilities | 26 | 21 | 22 | 33 | 22 | 23 | 53 |
| Total Liabilities | 193 | 182 | 167 | 176 | 185 | 432 | 742 |
| Fixed Assets | 125 | 119 | 91 | 86 | 82 | 183 | 502 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 3 | 13 | 31 | 5 | 11 | 13 | 13 |
| Other Assets | 65 | 50 | 44 | 84 | 92 | 236 | 225 |
| Total Assets | 193 | 182 | 167 | 176 | 185 | 432 | 742 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 32 | 25 | 15 | 5 | 11 | 45 | 168 |
| Cash from Investing Activity | -25 | -19 | 15 | 19 | -15 | -235 | -332 |
| Cash from Financing Activity | -1 | -16 | -29 | -17 | -7 | 193 | 162 |
| Net Cash Flow | 7 | -10 | 1 | 7 | -11 | 3 | -3 |
| Free Cash Flow | 4 | 13 | 36 | -3 | 0 | -69 | -187 |
| CFO/OP | 217 | 117 | 77 | 10 | 34 | 108 | 115 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 74 | 64 | 65 | 79 | 87 | 113 | 113 |
| Cash Conversion Cycle | 74 | 64 | 65 | 79 | 87 | 113 | 113 |
| Working Capital Days | -52 | -56 | -70 | -45 | 40 | 73 | 22 |
| ROCE % | — | 4 | 3 | 11 | 20 | 14 | 21 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 63.42% | 63.42% | 63.58% | 63.96% |
| FIIs | 0% | 0% | 0% | 0.15% |
| DIIs | 0.25% | 0% | 0% | 0.43% |
| Government | 0% | 0% | 0% | 0% |
| Public | 22.07% | 22.43% | 25.43% | 27.02% |
| Others | 14.25% | 14.15% | 10.99% | 8.43% |
| No. of Shareholders | 3588 | 3939 | 4266 | 4239 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 14 / 5 / 0

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 311.85 | Buy |
| EMA (10) | 310.76 | Buy |
| SMA (20) | 286.18 | Buy |
| EMA (20) | 291.6 | Buy |
| SMA (50) | 249.04 | Buy |
| EMA (50) | 263.35 | Buy |
| SMA (100) | 245.88 | Buy |
| EMA (100) | 244.68 | Buy |
| SMA (200) | 216.19 | Buy |
| EMA (200) | 222.94 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 66.78 | Neutral |
| MACD (12,26,9) | 23.6 | Buy |
| Stochastic (14,3,3) | 68.71 | Neutral |
| ADX (14) | 36.89 | Buy |
| Williams %R (14) | -38.93 | Neutral |
| ATR (14) | 16.88 | High Volatility |
| ROC (12) | 10.34 | Buy |
| Stoch RSI (14) | 15.93 | Buy |
| UO (7,14,28) | 63.87 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - ABS Marine took delivery of an Offshore MPSV contracted in Q1 FY26-27. | [Updates 9 April 2026 - ABS Marine took delivery of an Offshore MPSV contracted in Q1 FY26-27.](https://nsearchives.nseindia.com/corporate/ABSMARINE_09042026193720_IntimationtoNSEreg30.pdf) |
| 8 Sep - ABS Marine says no material developments behind recent share-price movement. | [General Updates 8 Sep - ABS Marine says no material developments behind recent share-price movement.](https://nsearchives.nseindia.com/corporate/ABSMARINE_08092026105027_NSEReplyLetterforPriceMovement.pdf) |
| 8 June 2026 - ABS Marine posted FY26 income of ₹322.64 crore, PAT of ₹80.80 crore, and shared fleet expansion plans. | [Analysts/Institutional Investor Meet/Con. Call Updates 8 June 2026 - ABS Marine posted FY26 income of ₹322.64 crore, PAT of ₹80.80 crore, and shared fleet expansion plans.](https://nsearchives.nseindia.com/corporate/ABSMARINE_08062026131212_Intimationontranscriptofmeeting.pdf) |
| 8 January 2026 - ABS Marine Services Limited has informed regarding Non-Applicability for Submission of the Compliance Report on Corporate Governance for the Quarter Ending 31st December, 2025 | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 8 January 2026 - ABS Marine Services Limited has informed regarding Non-Applicability for Submission of the Compliance Report on Corporate Governance for the Quarter Ending 31st December, 2025](https://nsearchives.nseindia.com/corporate/ABSMARINE_08012026162422_NonApplicabilityofCorporate_GovernanceDec2025.pdf) |
| 7 Sep - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 7 Sep - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=ABSMARINE&tabIndex=sme) |
| 6 May 2026 - Submitted SDD compliance certificate for FY ended 31 March 2026; no noncompliance observed. | [Structural Digital Database 6 May 2026 - Submitted SDD compliance certificate for FY ended 31 March 2026; no noncompliance observed.](https://nsearchives.nseindia.com/corporate/ABSMARINE_06052026170818_IntimationforSDDCompliancebyPCS.pdf) |
| 4 March 2026 - Independent Director Rajesh Krishna Vyas resigned effective Feb 28, 2026; resignation letter and disclosures enclosed. | [Resignation 4 March 2026 - Independent Director Rajesh Krishna Vyas resigned effective Feb 28, 2026; resignation letter and disclosures enclosed.](https://nsearchives.nseindia.com/corporate/sloneinfo_04032026154021_Intimation_Additional_disclosure-Resignation_of_Rajesh_Vyas-ID_Signed.pdf) |
| 31 March 2026 - ABS Marine to acquire an MPSV from international market; delivery Q1 FY27. | [Press Release 31 March 2026 - ABS Marine to acquire an MPSV from international market; delivery Q1 FY27.](https://nsearchives.nseindia.com/corporate/ABSMARINE_31032026124145_IntimationforPressRelease.pdf) |
| 3 June 2026 - Audio recording of earnings conference call held on 03 June 2026 shared; transcript to follow. | [Analysts/Institutional Investor Meet/Con. Call Updates 3 June 2026 - Audio recording of earnings conference call held on 03 June 2026 shared; transcript to follow.](https://nsearchives.nseindia.com/corporate/ABSMARINE_03062026185446_IntimationforOutcomeofEarningsCallFY25-26.pdf) |
| 3 June 2026 - ABS Marine shared investor presentation for half year and year ended 31 March 2026, highlighting FY26 performance. | [Investor Presentation 3 June 2026 - ABS Marine shared investor presentation for half year and year ended 31 March 2026, highlighting FY26 performance.](https://nsearchives.nseindia.com/corporate/ABSMARINE_03062026120138_IntimationtoNSEForPPTforFY25-26.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30522_ABSMARINE_2025_2026_A_4942091_22082026195020.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27749_ABSMARINE_2024_2025_A_5789022_26082025205957.pdf) |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26945_SLONE_2024_2025_A_15072025185459.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24913_ABSMARINE_2023_2024_12082024175029.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25965_SLONE_2023_2024_06092024145534.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/ABSMARINE_09062025150455_IntimationforTranscriptofMeeting.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://nsearchives.nseindia.com/corporate/SLONE_10062024152858_SubmissionofEarningsCallTranscripts.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://nsearchives.nseindia.com/corporate/SLONE_11072024113954_InvestorPresentation.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://nsearchives.nseindia.com/corporate/ABSMARINE_11122025200728_Intimation_to_NSE.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:16:51.941Z.