Shipping and offshore services operator in Industrials sector. Market cap ₹154.21 Cr. Quarterly revenues typically ₹15–19 Cr, though profitability has deteriorated sharply in recent periods.
Generated analysis · source review pending
Generated analysis · source review pending
2,526 historical price candles were omitted because the exchange source has not been verified.
No positive flags triggered.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
Consolidated figures
| Ratio | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 28.6% | -27.3% | -10.4% | 4.7% | -26.5% | -3.3% | 17.2% | 18.3% |
| EBIT margin % | 9.6% | -69.4% | -49.7% | -49.3% | -87.6% | -40.8% | -24.1% | -32.3% |
| PAT margin % | -6.8% | -108.1% | 423.6% | -109.3% | 750% | 96.1% | 21.8% | -26% |
| Working capital | ||||||||
| Receivable days | 72 | 98 | 102 | 73 | 77 | 43 | 59 | 86 |
| Inventory days | 66 | 86 | 85 | 110 | 86 | 86 | 116 | 115 |
| Payable days | 35 | — | 103 | 157 | 196 | 93 | 100 | 108 |
| NWC days | 103 | — | 84 | 26 | -32 | 36 | 75 | 93 |
| Leverage | ||||||||
| Current ratio | 0.77 | 0.56 | 0.08 | 0.06 | 0.19 | 0.42 | 1.98 | 0.95 |
| Debt to EBITDA | 9.3 | — | — | 228.39 | — | — | 4.84 | 9.59 |
| Debt to equity | 2.12 | 2.16 | -3.62 | -2.74 | 3.3 | 0.42 | 0.2 | 0.5 |
| Interest coverage | 0.6 | -1.8 | -1.7 | -1.3 | -5.1 | -1.4 | -3.8 | -2.3 |
| Asset turnover | 0.21 | 0.09 | 0.13 | 0.12 | 0.2 | 0.27 | 0.18 | 0.17 |
| Return ratios | ||||||||
| Return on assets % | -1.4% | -9.9% | 56.8% | -13% | 153.2% | 26.4% | 4% | -4.5% |
| Return on capital employed % | 2.4% | -7.4% | -5.5% | 9.6% | -163.2% | -14.1% | -6.2% | -6.4% |
| Return on equity % | -5.4% | -38.4% | -175.8% | 27.8% | 805.7% | 45.7% | 5.3% | -7.4% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
No scheme among the 32 fund houses on record reported a position in Garware Offshore Services Ltd. Portfolios are published monthly by each AMC; coverage is still partial.
| Holder (%) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 33.28% | 33.28% | 33.29% | 32.47% | 33.98% | 33.86% | 30.46% | 30.39% | 30.35% | 30.35% | 30.36% | 30.33% | |
| 1.5% | 0.62% | 0.41% | 0.28% | 0.27% | 0.27% | 0.23% | 0.14% | 0.16% | 0.16% | 0.03% | 0.03% | |
| 1.95% | 0.16% | 0.16% | 0.16% | 0.16% | 0.15% | 0.13% | 0.13% | 0.78% | 0.78% | 0.78% | 0.78% | |
| 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| 63.27% | 65.94% | 66.14% | 67.09% | 65.59% | 65.72% | 69.18% | 69.34% | 68.71% | 68.71% | 68.83% | 68.86% | |
| No. of shareholders | — | — | — | — | — | — | — | — | 17,886 | 17,777 | 17,588 | 17,582 |
Demand Notice Issued By The Garware Offshore Services Limited ('The Company') Demanding Payment Of Rs. 3,04,59,761.44 Plus Interest Under The Insolvency And Bankruptcy Code, 2016 To Afcons Infrastructure Limited
Documents link to external sources (exchange filings, company investor pages).
Promoter holding down 2.95 percentage points since Sep 2023.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 13 Jun 2024 | RAJESH H BUDHRANI | Bulk | BSE | Sell | 2,46,977 | ₹50.00 | ₹1.23 Cr |
| 7 Jun 2024 | RAJESH H BUDHRANI | Bulk | BSE | Sell | 1,85,200 | ₹49.80 | ₹0.92 Cr |
| 29 Aug 2023 | HARSHIL KOTHARI | Bulk | BSE | Sell | 1,46,131 | ₹41.95 | ₹0.61 Cr |
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
Reg. 34 (1) Annual Report.
Announcement under Regulation 30 (LODR)-Preferential Issue
Contract For Vessel
Board Meeting Outcome for OUTCOME OF THE BOARD MEETING DATED 10TH AUGUST 2026
Board Meeting Intimation for BOARD MEETING INTIMATION
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
| Date | Category | Subject | Filing |
|---|---|---|---|
| 30 Sept 2026, 5:24 pm | Company Update General | Demand Notice Issued By The Garware Offshore Services Limited ('The Company') Demanding Payment Of Rs. 3,04,59,761.44 Plus Interest Under The Insolvency And Bankruptcy Code, 2016 To Afcons Infrastructure Limited | |
| 1 Sept 2026, 2:33 pm | Others Reg. 34 (1) Annual Report | Reg. 34 (1) Annual Report. | |
| 24 Aug 2026, 5:14 pm | Company Update Preferential Issue | Announcement under Regulation 30 (LODR)-Preferential Issue | |
| 18 Aug 2026, 12:22 pm | Company Update General | Contract For Vessel | |
| 10 Aug 2026, 3:26 pm | Board Meeting Outcome of Board Meeting | Board Meeting Outcome for OUTCOME OF THE BOARD MEETING DATED 10TH AUGUST 2026 | |
| 3 Aug 2026, 2:33 pm | Board Meeting | Board Meeting Intimation for BOARD MEETING INTIMATION | |
| 8 Jul 2026, 12:03 pm | Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 | Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 |
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| The Great Eastern Shipping Company LimitedGESHIPGESHIP | ₹21,857 Cr | ₹22,906 Cr | ₹6,213 Cr | ₹3,843 Cr | 58.2% | ₹3,747 Cr | 54.4% | 18.4% | 18.8% | 31 |
| Shreeji Shipping Global LimitedSHREEJISPGSHREEJISPG | ₹12,630 Cr | ₹12,894 Cr | ₹757 Cr | ₹215 Cr | 30.1% | ₹160 Cr | 21.5% | 24.6% | 19.9% | 43 |
| Shipping Corporation Of India LimitedSCISCI | ₹12,439 Cr | ₹14,916 Cr | ₹6,310 Cr | ₹2,579 Cr | 37.8% | ₹1,618 Cr | 23.4% | 14.8% | 15.5% | -20 |
| Seamec LimitedSEAMECLTDSEAMECLTD | ₹4,051 Cr | ₹4,379 Cr | ₹1,038 Cr | ₹427 Cr | 42% | ₹257 Cr | 26.6% | 21.4% | 21.8% | 118 |
| Essar Shipping LimitedESSARSHPNGESSARSHPNG | ₹356 Cr | ₹1,971 Cr | ₹0 Cr | ₹-10 Cr | -897.8% | ₹178 Cr | — | — | — | -210 |
| Transworld Shipping Lines LimitedTRANSWORLDTRANSWORLD | ₹350 Cr | ₹640 Cr | ₹462 Cr | ₹-25 Cr | 7.9% | ₹-33 Cr | -13.7% | -4.8% | -10.2% | -37 |
| Garware Offshore Services LtdGARWAOFFSGARWAOFFS | ₹123 Cr | ₹186 Cr | ₹36 Cr | ₹7 Cr | 18.3% | ₹-10 Cr | -26% | -6.4% | -7.6% | 93 |
| Chowgule Steamships LtdCHOWGULSTMCHOWGULSTM | ₹74 Cr | ₹86 Cr | ₹0 Cr | ₹-3 Cr | — | ₹-9 Cr | — | -2.5% | — | — |
| Fly-Hi Maritime Travels LtdFLYHIFLYHI | ₹56 Cr | — | — | — | — | — | — | — | — | — |
| Shahi Shipping LtdSHAHISHIPSHAHISHIP | ₹17 Cr | ₹26 Cr | ₹11 Cr | ₹0 Cr | -13.9% | ₹-4 Cr | -28.2% | -20.8% | -131.4% | 7 |
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| 372 | 162 | 78 | 65 | 51 | 39 | 33 | 36 | |
| 266 | 206 | 86 | 62 | 65 | 41 | 27 | 29 | |
| 106 | -44 | -8 | 3 | -14 | -1 | 6 | 7 | |
| OPM % | 28.6% | -27.3% | -10.4% | 4.7% | -26.5% | -3.3% | 17.2% | 18.3% |
| Depreciation | 71 | 68 | 30 | 35 | 31 | 15 | 14 | 18 |
| Interest | 62 | 63 | 23 | 24 | 9 | 6 | 2 | 4 |
| 1 | 1 | 391 | -15 | 437 | 62 | 17 | 8 | |
| Profit before tax | -25 | -175 | 330 | -71 | 384 | 40 | 7 | -8 |
| Tax | 0 | 0 | 1 | 0 | 1 | 2 | 0 | 1 |
| Tax % | 0.9% | 0.1% | 0.2% | 0.4% | 0.4% | 5% | 1.1% | 10.1% |
| -25 | -175 | 329 | -71 | 383 | 38 | 7 | -9 | |
| PAT margin % | -6.8% | -108.1% | 423.6% | -109.3% | 750% | 96.1% | 21.8% | -26% |
| EPS (₹) | — | — | — | — | — | — | 1.4 | -3 |
| EPS adjusted (₹) | -4.6 | -50.7 | 133 | -28.7 | 154.7 | 15.2 | 1.2 | -3.2 |
| Annual report | Annual report for Mar 2016 | Annual report for Mar 2017 | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | — |
| ₹ Cr | 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 | 31 | 31 |
| Reserves | 442 | 430 | 121 | -369 | -438 | -212 | -280 | 23 | 58 | 103 | 94 |
| Minority interest | — | 117 | — | — | — | — | — | — | — | — | — |
| 989 | 981 | 924 | 706 | 471 | 678 | 699 | 157 | 35 | 27 | 63 | |
| 339 | 217 | 408 | 624 | 571 | 89 | 103 | 46 | 26 | 18 | 19 | |
| Total equity & liabilities | 1,795 | 1,770 | 1,478 | 986 | 629 | 580 | 546 | 250 | 143 | 179 | 206 |
| 1,584 | 1,572 | 1,305 | 839 | 514 | 522 | 495 | 194 | 117 | 114 | 172 | |
| CWIP | — | — | — | — | — | — | — | — | — | — | — |
| Investments | 0 | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| 211 | 198 | 173 | 146 | 116 | 58 | 51 | 56 | 25 | 65 | 34 | |
| Total assets | 1,795 | 1,770 | 1,478 | 986 | 629 | 580 | 546 | 250 | 143 | 179 | 206 |
| ₹ Cr | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| 35 | 0 | 20 | 16 | 23 | 18 | 8 | 12 | 10 | 8 | |
| 1 | 34 | -7 | 47 | -10 | -6 | 65 | 81 | -11 | -73 | |
| -35 | -44 | -19 | -73 | -18 | -9 | -77 | -94 | 39 | 33 | |
| Net cash flow | 1 | -9 | -6 | -10 | -5 | 3 | -4 | -1 | 38 | -32 |
| Free cash flow | — | — | — | — | 13 | 12 | — | — | -1 | -67 |
| CFO / Operating profit % | — | — | — | — | — | 596.4% | — | — | 173.5% | 116.3% |