₹47.55
▼ -0.95 -1.96%
17 Jul 2026
BSE Listed · Shipping
Garware Offshore Services (501848)
Volume: 18Avg Vol 1W: 5,923Avg Vol 1M: 16,41252W Range:₹31.36₹90.01
Key Ratios
Checked 1h agoMarket Cap₹151 Cr
Current Price₹47.55
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-1.96%
Price Chart
₹47.55▼ 42.28% · 1Y
2025-07-172026-07-17
20-day avg volume: 10K shares
Pros
- Company is almost debt-free.
Cons
- Revenue fell 29% YoY.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 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)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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 | -14.09 | 88.2 | -25.16 | 127.65 | 14.49 | 1.37 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 33.3% | 33.3% | 33.3% | 32.5% | 34% | 33.9% | 30.5% | 30.4% | 30.4% | 30.4% | 30.4% | 30.3% |
| FIIs | 1.5% | 0.6% | 0.4% | 0.3% | 0.3% | 0.3% | 0.2% | 0.1% | 0.2% | 0.2% | 0% | 0% |
| DIIs | 2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.8% | 0.8% | 0.8% | 0.8% |
| Public | 63.3% | 65.9% | 66.1% | 67.1% | 65.6% | 65.7% | 69.2% | 69.3% | 68.7% | 68.7% | 68.8% | 68.9% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 17,805 | 17,858 | 17,782 | 17,996 | 18,002 | 17,894 | 17,956 | 17,990 | 17,886 | 17,777 | 17,588 | 17,582 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Sushma Ashok Garware | Shareholding of Promoter and Promoter Group | 7.9% | 24,29,133 |
| Garware Marine Industries Ltd. | Shareholding of Promoter and Promoter Group | 4.7% | 14,51,886 |
| Universal Investment Services Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 4.7% | 14,38,838 |
| Rondor Overseas Ltd | Shareholding of Promoter and Promoter Group | 3.9% | 11,90,745 |
| Aditya Ashok Garware | Shareholding of Promoter and Promoter Group | 3.8% | 11,53,353 |
| Shri Krishna Welfare Trust | Public Shareholding | 2.5% | 7,81,477 |
| Manoj Mittal | Public Shareholding | 2% | 6,27,857 |
| Ramesh Singhal | Public Shareholding | 2% | 6,09,313 |
| Adsu Trading And Investment Company Private Limited | Shareholding of Promoter and Promoter Group | 1.7% | 5,25,181 |
| Mauve Trading Company Pvt Ltd | Shareholding of Promoter and Promoter Group | 1.2% | 3,68,706 |
| Shesu Trading And Investment Company Pvt Ltd | Shareholding of Promoter and Promoter Group | 1.1% | 3,27,750 |
| Masu Trading And Investment Company Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.6% | 1,80,900 |
| Shah Maneesha Shatul | Shareholding of Promoter and Promoter Group | 0.5% | 1,47,773 |
| Shefali Bajaj | Shareholding of Promoter and Promoter Group | 0.2% | 61,650 |
| A. B. Garware Huf | Shareholding of Promoter and Promoter Group | 0.1% | 31,506 |
| Shatul Harkishan Shah | Shareholding of Promoter and Promoter Group | 0% | 9,930 |
| Ruhika Shatul Shah | Shareholding of Promoter and Promoter Group | 0% | 8,930 |
| Ashesh Chandarana | Shareholding of Promoter and Promoter Group | 0% | 3,607 |
| Garware Goa Nets Ltd | Shareholding of Promoter and Promoter Group | 0% | 2,425 |
| Clearwell Enterprises Ltd | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Surve Narendra Shantaram | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Pradip S Shah | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Dave Keyur Shankerprasad | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Shyamsunder Vasudev Atre | Shareholding of Promoter and Promoter Group | 0% | 50 |
| Ajaykumar C Gandhi | Shareholding of Promoter and Promoter Group | 0% | 10 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Sushma Ashok Garware | 0 | 0% | 2026-06-30 |
| Shah Maneesha Shatul | 0 | 0% | 2026-06-30 |
| A. B. Garware Huf | 0 | 0% | 2026-06-30 |
| Shefali Bajaj | 0 | 0% | 2026-06-30 |
| Shatul Harkishan Shah | 0 | 0% | 2026-06-30 |
| Ruhika Shatul Shah | 0 | 0% | 2026-06-30 |
| Shashikant Bhalchandra Garware | 0 | 0% | 2026-06-30 |
| Sheela Shashikant Garware | 0 | 0% | 2026-06-30 |
| Anita Chandrakant Garware | 0 | 0% | 2026-06-30 |
| Ashesh Chandarana | 0 | 0% | 2026-06-30 |
| Surve Narendra Shantaram | 0 | 0% | 2026-06-30 |
| Pradip S Shah | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Aditya Garware | Chairman & Non Executive Dir. | 2025 |
| Maneesha Shah | Non-Exec & Non-Independent Dir | 2025 |
| Faisy Viju | Independent Non Exe. Director | 2025 |
| Jisupriya Guhalthakurta | Independent Non Exe. Director | 2025 |
| Smita D. Gaur | Independent Non Exe. Director | 2025 |
| Mukund Madhav Honkan | E D & Wholetime Director | 2025 |
| A C Chandarana | CS / CO / President - Legal & Admin | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Charter of offshore support vessels | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 47 | 31 | 31 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 5 | 8 | 13 |
| 2025 | 0 | 0 | 0 | 4 | 5 | 9 |
| 2025 | 0 | 0 | 0 | 1 | 2 | 3 |
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
📍 101 Swapnabhoomi A Wing, S K Bole Road Dadar (W), Mumbai, Maharashtra, 400028
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