Debut Plus

49

+0.5 +1.03%

17 Jul 2026

BSE Listed · Shipping

Garware Offshore Services (501848)

Volume: 18Avg Vol 1W: 5,923Avg Vol 1M: 16,41252W Range:31.3690.01
Market Cap₹151 Cr
Current Price₹49
Previous Close₹48.5
High / Low (52w)₹90.01 / ₹31.36
Volume18
Avg Vol (1W)5,923
Avg Vol (1M)16,412
Stock P/E-16.52
Book Value₹40.61
Dividend Yield0%
ROE-12.02%
ROA-451.02%
Revenue (TTM)
Revenue Growth
Profit Margin-26.04%
Total Debt
Shares Outstanding3 Cr
Face Value₹10
EPS (TTM)₹0
P/B1.21
Debt / Equity0.31
50 DMA₹47.63
200 DMA₹55.57
Day change+1.03%
Price Chart
49 40.52% · 1Y
98341.6L
2025-07-17
2026-07-17

20-day avg volume: 10K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 29% YoY.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹8 Cr₹7 Cr₹8 Cr₹9 Cr₹4 Cr₹7 Cr₹12 Cr₹12 Cr
EBITDA₹-2 Cr₹-2 Cr₹-2 Cr₹-2 Cr₹-5 Cr₹-1 Cr₹0 Cr₹-3 Cr
Net Profit₹-2 Cr₹-2 Cr₹10 Cr₹-2 Cr₹-2 Cr₹0 Cr₹-2 Cr₹-6 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹138 Cr₹132 Cr₹125 Cr₹78 Cr₹66 Cr₹51 Cr₹47 Cr₹33 Cr
EBITDA₹-118 Cr₹-125 Cr₹-4 Cr₹-38 Cr₹-31 Cr₹-45 Cr₹-8 Cr₹-7 Cr
Net Profit₹-193 Cr₹-494 Cr₹-35 Cr₹218 Cr₹-62 Cr₹316 Cr₹36 Cr₹4 Cr
EPS-77.89-199.69-14.0988.2-25.16127.6514.491.37
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹1,478 Cr₹986 Cr₹629 Cr₹580 Cr₹546 Cr₹250 Cr₹143 Cr₹179 Cr
Total Liabilities₹1,337 Cr₹1,534 Cr₹1,236 Cr₹845 Cr₹892 Cr₹232 Cr₹60 Cr₹45 Cr
Equity₹141 Cr₹-548 Cr₹-607 Cr₹-266 Cr₹-346 Cr₹18 Cr₹82 Cr₹134 Cr
Total Debt
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹2 Cr₹19 Cr₹15 Cr₹20 Cr₹19 Cr₹9 Cr₹7 Cr₹10 Cr
Investing₹34 Cr₹-7 Cr₹47 Cr₹-10 Cr₹-6 Cr₹65 Cr₹81 Cr₹-10 Cr
Financing₹-44 Cr₹-19 Cr₹-73 Cr₹-18 Cr₹-9 Cr₹-77 Cr₹-94 Cr₹39 Cr
Free Cash Flow₹2 Cr₹19 Cr₹15 Cr₹20 Cr₹19 Cr₹9 Cr₹7 Cr₹10 Cr
Shareholding
Promoter 30.33% Institutions 0.81% Public 68.85%
Efficiency & Working Capital
ROCE-5.5%
Interest Coverage-3.4
Dividend Payout
Debtor Days59 d
Inventory Days96 d
Payable Days83 d
Cash Conversion Cycle72 d
Working Capital Days155 d
Shareholding Details

As of 2026-06-30

Promoter30.3%
FII0%
DII0.8%
Institutions0.8%
Public68.9%
Promoter Pledge0%
No. of Shareholders17,582
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters33.3%33.3%33.3%32.5%34%33.9%30.5%30.4%30.4%30.4%30.4%30.3%
FIIs1.5%0.6%0.4%0.3%0.3%0.3%0.2%0.1%0.2%0.2%0%0%
DIIs2%0.2%0.2%0.2%0.2%0.2%0.1%0.1%0.8%0.8%0.8%0.8%
Public63.3%65.9%66.1%67.1%65.6%65.7%69.2%69.3%68.7%68.7%68.8%68.9%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders17,80517,85817,78217,99618,00217,89417,95617,99017,88617,77717,58817,582
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Sushma Ashok GarwareShareholding of Promoter and Promoter Group7.9%24,29,133
Garware Marine Industries Ltd.Shareholding of Promoter and Promoter Group4.7%14,51,886
Universal Investment Services Pvt. Ltd.Shareholding of Promoter and Promoter Group4.7%14,38,838
Rondor Overseas LtdShareholding of Promoter and Promoter Group3.9%11,90,745
Aditya Ashok GarwareShareholding of Promoter and Promoter Group3.8%11,53,353
Shri Krishna Welfare TrustPublic Shareholding2.5%7,81,477
Manoj MittalPublic Shareholding2%6,27,857
Ramesh SinghalPublic Shareholding2%6,09,313
Adsu Trading And Investment Company Private LimitedShareholding of Promoter and Promoter Group1.7%5,25,181
Mauve Trading Company Pvt LtdShareholding of Promoter and Promoter Group1.2%3,68,706
Shesu Trading And Investment Company Pvt LtdShareholding of Promoter and Promoter Group1.1%3,27,750
Masu Trading And Investment Company Pvt LtdShareholding of Promoter and Promoter Group0.6%1,80,900
Shah Maneesha ShatulShareholding of Promoter and Promoter Group0.5%1,47,773
Shefali BajajShareholding of Promoter and Promoter Group0.2%61,650
A. B. Garware HufShareholding of Promoter and Promoter Group0.1%31,506
Shatul Harkishan ShahShareholding of Promoter and Promoter Group0%9,930
Ruhika Shatul ShahShareholding of Promoter and Promoter Group0%8,930
Ashesh ChandaranaShareholding of Promoter and Promoter Group0%3,607
Garware Goa Nets LtdShareholding of Promoter and Promoter Group0%2,425
Clearwell Enterprises LtdShareholding of Promoter and Promoter Group0%0
Surve Narendra ShantaramShareholding of Promoter and Promoter Group0%100
Pradip S ShahShareholding of Promoter and Promoter Group0%100
Dave Keyur ShankerprasadShareholding of Promoter and Promoter Group0%100
Shyamsunder Vasudev AtreShareholding of Promoter and Promoter Group0%50
Ajaykumar C GandhiShareholding of Promoter and Promoter Group0%10
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Sushma Ashok Garware00%2026-06-30
Shah Maneesha Shatul00%2026-06-30
A. B. Garware Huf00%2026-06-30
Shefali Bajaj00%2026-06-30
Shatul Harkishan Shah00%2026-06-30
Ruhika Shatul Shah00%2026-06-30
Shashikant Bhalchandra Garware00%2026-06-30
Sheela Shashikant Garware00%2026-06-30
Anita Chandrakant Garware00%2026-06-30
Ashesh Chandarana00%2026-06-30
Surve Narendra Shantaram00%2026-06-30
Pradip S Shah00%2026-06-30
Board of Directors
NameDesignationYear
Aditya GarwareChairman & Non Executive Dir.2025
Maneesha ShahNon-Exec & Non-Independent Dir2025
Faisy VijuIndependent Non Exe. Director2025
Jisupriya GuhalthakurtaIndependent Non Exe. Director2025
Smita D. GaurIndependent Non Exe. Director2025
Mukund Madhav HonkanE D & Wholetime Director2025
A C ChandaranaCS / CO / President - Legal & Admin2025
Segments — Product
SegmentRevenueShare
Charter of offshore support vessels₹0 Cr
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10473131
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20250005813
2025000459
2025000123
Insider / Designated-Person Trades

20 recent disclosure(s)

UNIVERSAL INVESTMENT SERVICES PVT. LTD.Disposal · 20,000
SUSHMA ASHOK GARWAREAcquisition · 20,000
UNIVERSAL INVESTMENT SERVICES PVT. LTD.Disposal · 21,000
SUSHMA ASHOK GARWAREAcquisition · 21,000
UNIVERSAL INVESTMENT SERVICES PVT. LTD.Disposal · 19,000
SUSHMA ASHOK GARWAREAcquisition · 19,000
Company Information
Incorporated1976
ChairmanAditya Garware
AuditorD Kothary & Co
Investor Email[email protected]; info@globalof
🌐 www.garwareoffshore.com

📍 101 Swapnabhoomi A Wing, S K Bole Road Dadar (W), Mumbai, Maharashtra, 400028

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