ABS Marine Services Ltd
Incorporated in 1992, ABS Marine Ltd is in the business of providing shipping services[1]
- Market Cap ₹ 504 Cr.
- Current Price ₹ 205
- High / Low ₹ 259 / 92.1
- Stock P/E 10.0
- Book Value ₹ 109
- Dividend Yield 0.00 %
- ROCE 14.6 %
- ROE 14.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 31.4% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.7% over last 3 years.
- Company might be capitalizing the interest cost
- Working capital days have increased from 56.3 days to 98.8 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 76 | 71 | 58 | 95 | 118 | 171 | 236 | |
| 65 | 61 | 49 | 80 | 88 | 135 | 162 | |
| Operating Profit | 11 | 10 | 9 | 16 | 31 | 36 | 74 |
| OPM % | 15% | 14% | 15% | 16% | 26% | 21% | 31% |
| 5 | 3 | 11 | 2 | -1 | 4 | 6 | |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 13 |
| Depreciation | 6 | 8 | 7 | 5 | 5 | 2 | 9 |
| Profit before tax | 9 | 3 | 10 | 11 | 23 | 36 | 57 |
| Tax % | 23% | 25% | 24% | 24% | 15% | 25% | |
| 7 | 2 | 8 | 8 | 20 | 27 | 50 | |
| EPS in Rs | 10.88 | 20.48 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 44% |
| TTM: | 45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 328% |
| TTM: | 32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 14% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 18 | 25 | 25 |
| Reserves | 86 | 88 | 96 | 104 | 106 | 212 | 243 |
| 30 | 31 | 12 | 11 | 18 | 144 | 320 | |
| 19 | 16 | 21 | 29 | 12 | 15 | 44 | |
| Total Liabilities | 135 | 135 | 130 | 144 | 154 | 396 | 631 |
| 52 | 58 | 37 | 34 | 10 | 93 | 413 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 27 | 37 | 55 | 29 | 76 | 78 | 76 |
| 57 | 40 | 37 | 81 | 68 | 226 | 143 | |
| Total Assets | 135 | 135 | 130 | 144 | 154 | 396 | 631 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 19 | 15 | 7 | -17 | 24 | 16 | |
| -19 | -19 | 15 | 25 | -27 | -207 | |
| 6 | -2 | -20 | -3 | -4 | 194 | |
| Net Cash Flow | 6 | -6 | 1 | 6 | -7 | 3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 119 | 88 | 90 | 98 | 90 | 117 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 119 | 88 | 90 | 98 | 90 | 117 |
| Working Capital Days | 3 | -13 | -24 | 37 | 33 | 99 |
| ROCE % | 4% | 2% | 10% | 20% | 15% |
Documents
Announcements
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Updates
21 November 2025 - Unaudited standalone and consolidated H1 (30 Sep 2025): Revenue ₹13,953.18 lakh; PAT ₹3,062.46 lakh; limited review.
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Press Release
19 November 2025 - Charter hire of DP-2 PSV M.V. Ocean Diamond to L&T for ~₹26.07 Cr from 17 Nov 2025, 150-day firm.
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Bagging/Receiving of orders/contracts
18 November 2025 - ABS Marine Services Limited has informed about Bagging/Receiving of orders/contracts
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Copy of Newspaper Publication
13 November 2025 - Multiple name-change notices and unaudited Q2/HY financial results (30.09.2025) for several firms including ABS Marine, Gita Renewable, Gothi Plascon, TACF.
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Press Release
13 November 2025 - H1 FY26 standalone net profit ₹30.62 Cr (334% YoY); USD20.67m Schlumberger 3-year charter.
Annual reports
Concalls
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Jun 2025Transcript PPT REC
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Jun 2024TranscriptAI SummaryPPT
Business Overview:[1]
ABS is in the shipping services industry and provides diversified services such as manning & technical services and chartering & hiring services. The majority of their manning and technical services are tender-based.