Garware Offshore Services Ltd

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Garware Offshore Services Ltd

₹ 49.9 -0.85%
25 Aug - close price
globaloffshore.in BSE: 501848
About

Incorporated in 1976, Global Offshore Services Ltd is engaged in owning, operating, and chartering of offshore support vessels.[1]

Key Points

Business Overview:[1][2][3]
The company manufactures various PET bottles, containers, and jars using ISBM technology:
a) General Purpose Bottle: For packing contents without internal pressure, used for liquor, water, detergent, medicine, food, etc.
b) Pressure Resistance Bottle: Designed to handle high internal CO2 pressure.
c) Heat & Pressure Resistance Bottle: Suitable for CO2-based contents and pasteurization, e.g., carbonated soft drinks with milk or fruit.
d) Heat Resistance Bottle: For high-temperature filling and sterilization, ideal for juice, tea, and sports drinks.
e) TNC PET Resin: Features low acetaldehyde content.
f) Containers & Jars: Wide range of PET-based storage solutions.

Website BSE
  • Market Cap ₹ 154 Cr.
  • Current Price ₹ 49.9
  • High / Low ₹ 88.0 / 31.4
  • Stock P/E
  • Book Value ₹ 40.6
  • Dividend Yield 0.00 %
  • ROCE -5.87 %
  • ROE -11.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.4% over past five years.
  • Promoter holding is low: 30.3%
  • Company has a low return on equity of -13.0% over last 3 years.
  • Earnings include an other income of Rs.3.61 Cr.
  • Debtor days have increased from 62.4 to 85.5 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
12.83 10.75 7.89 7.73 8.39 7.26 8.13 8.97 4.25 6.74 12.24 12.48 11.79
17.69 6.10 7.62 9.10 6.85 5.69 7.05 7.54 6.72 4.85 7.84 9.75 7.66
Operating Profit -4.86 4.65 0.27 -1.37 1.54 1.57 1.08 1.43 -2.47 1.89 4.40 2.73 4.13
OPM % -37.88% 43.26% 3.42% -17.72% 18.36% 21.63% 13.28% 15.94% -58.12% 28.04% 35.95% 21.88% 35.03%
-2.45 7.60 0.28 56.20 0.13 0.16 12.42 0.83 4.11 2.54 0.52 0.38 0.17
Interest 2.90 1.26 0.84 1.00 0.49 0.39 0.40 0.65 0.48 0.61 1.73 1.62 1.51
Depreciation 4.42 3.98 3.15 3.12 3.17 3.41 3.49 3.44 2.95 3.55 5.08 6.51 5.61
Profit before tax -14.63 7.01 -3.44 50.71 -1.99 -2.07 9.61 -1.83 -1.79 0.27 -1.89 -5.02 -2.82
Tax % 0.14% 0.29% 0.29% 3.79% 1.01% 0.97% 0.31% 1.09% 5.59% 33.33% 5.82% 11.16% 1.77%
-14.65 6.98 -3.45 48.79 -2.00 -2.08 9.58 -1.85 -1.90 0.18 -2.00 -5.58 -2.87
EPS in Rs -4.89 1.73 -1.29 18.94 -0.78 -0.80 3.64 -0.60 -0.62 0.06 -0.65 -1.82 -0.93
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
407 391 162 136 128 122 78 65 51 39 33 36 43
238 284 206 195 196 97 86 62 64 40 27 29 30
Operating Profit 168 107 -44 -59 -69 25 -8 3 -13 -1 6 7 13
OPM % 41% 27% -27% -43% -54% 20% -10% 4.9% -26% -3.0% 18% 18% 30%
9 1 16 -78 -487 71 391 -15 437 62 14 8 4
Interest 54 62 69 65 81 74 23 24 9 6 2 4 5
Depreciation 66 71 68 61 59 31 30 35 31 15 14 18 21
Profit before tax 57 -25 -165 -263 -696 -9 330 -71 384 40 4 -8 -9
Tax % 3% 1% 0% -0% 0% -21% 0% 0% 0% 5% 2% 10%
55 -25 -165 -262 -696 -7 329 -71 383 38 4 -9 -10
EPS in Rs 17.95 -4.55 -46.17 -77.89 -199.69 -14.08 88.20 -25.16 127.65 14.49 1.19 -3.02 -3.34
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -21%
5 Years: -14%
3 Years: -11%
TTM: 51%
Compounded Profit Growth
10 Years: -4%
5 Years: 10%
3 Years: 19%
TTM: -62%
Stock Price CAGR
10 Years: -10%
5 Years: 13%
3 Years: 9%
1 Year: -29%
Return on Equity
10 Years: %
5 Years: %
3 Years: -13%
Last Year: -12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 435 442 314 121 -369 -438 -212 -280 23 58 103 94
1,017 1,133 1,123 1,086 1,155 1,043 678 699 157 37 30 65
192 195 228 247 174 -1 89 103 46 23 15 17
Total Liabilities 1,669 1,795 1,689 1,478 986 629 580 546 250 143 179 206
1,427 1,584 1,395 1,305 839 514 522 495 194 120 116 173
CWIP 5 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
237 211 295 173 146 116 58 51 56 22 63 32
Total Assets 1,669 1,795 1,689 1,478 986 629 580 546 250 143 179 206

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
110 105 35 0 20 16 23 18 8 12 9 8
19 -199 0 34 -1 47 -10 -6 65 81 -10 -73
-110 70 -35 -44 -19 -73 -18 -9 -77 -94 39 33
Net Cash Flow 19 -24 -0 -9 0 -9 -5 3 -4 -1 38 -32
Free Cash Flow 148 -59 34 33 12 61 13 12 73 93 -1 -67
CFO/OP 66% 98% -84% -4% -28% 62% -262% 598% -64% -642% 172% 127%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 39 68 81 82 53 82 102 73 77 43 59 86
Inventory Days
Days Payable
Cash Conversion Cycle 39 68 81 82 53 82 102 73 77 43 59 86
Working Capital Days -48 -104 -155 -738 -1,806 -2,237 -3,125 -4,653 -1,240 -332 -147 -111
ROCE % 7% 2% -7% -9% -13% -1% -9% -8% -17% -6% -5% -6%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Average Fleet Age (Consolidated)
years

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Total Fleet Size (Consolidated)
number of vessels
Vessels on Long-term Contract (Consolidated)
number of vessels
AHTSVs Owned (Standalone)
number of vessels ・Standalone data
PSVs Owned (Standalone)
number of vessels ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
33.29% 33.29% 33.29% 32.47% 33.98% 33.86% 30.46% 30.40% 30.35% 30.35% 30.35% 30.34%
1.50% 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%
63.27% 65.94% 66.14% 67.07% 65.59% 65.71% 69.18% 69.34% 68.70% 68.70% 68.82% 68.85%
No. of Shareholders 17,80517,85817,78217,99618,00217,89417,95617,99017,88617,77717,58817,582

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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