ABS Marine Services Ltd
Incorporated in 1992, ABS Marine Ltd is in the business of providing shipping services[1]
- Market Cap ₹ 668 Cr.
- Current Price ₹ 272
- High / Low ₹ 316 / 138
- Stock P/E 8.35
- Book Value ₹ 127
- Dividend Yield 0.00 %
- ROCE 21.0 %
- ROE 29.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 124% CAGR over last 5 years
- Company's working capital requirements have reduced from 50.2 days to 36.8 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
* 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 91 | 89 | 72 | 111 | 135 | 180 | 319 | |
| 75 | 67 | 52 | 84 | 90 | 130 | 170 | |
| Operating Profit | 16 | 22 | 20 | 28 | 45 | 50 | 149 |
| OPM % | 17% | 25% | 28% | 25% | 33% | 28% | 47% |
| 6 | 3 | 11 | 3 | -0 | 4 | 4 | |
| Interest | 6 | 4 | 4 | 5 | 5 | 6 | 31 |
| Depreciation | 17 | 18 | 16 | 13 | 14 | 13 | 35 |
| Profit before tax | -1 | 3 | 10 | 12 | 26 | 37 | 86 |
| Tax % | 168% | 24% | 18% | 17% | 3% | 25% | 6% |
| -3 | 2 | 8 | 10 | 25 | 27 | 81 | |
| EPS in Rs | 11.05 | 32.59 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 42% |
| TTM: | 77% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 124% |
| 3 Years: | 109% |
| TTM: | 196% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 97% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 24% |
| Last Year: | 30% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 18 | 25 | 25 |
| Reserves | 74 | 76 | 84 | 94 | 99 | 206 | 287 |
| 94 | 86 | 61 | 49 | 46 | 178 | 377 | |
| 26 | 21 | 22 | 33 | 22 | 23 | 53 | |
| Total Liabilities | 193 | 182 | 167 | 176 | 185 | 432 | 742 |
| 125 | 119 | 91 | 86 | 82 | 183 | 502 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 3 | 13 | 31 | 5 | 11 | 13 | 13 |
| 65 | 50 | 44 | 84 | 92 | 236 | 225 | |
| Total Assets | 193 | 182 | 167 | 176 | 185 | 432 | 742 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 32 | 25 | 15 | 5 | 11 | 45 | 168 | |
| -25 | -19 | 15 | 19 | -15 | -235 | -332 | |
| -1 | -16 | -29 | -17 | -7 | 193 | 162 | |
| Net Cash Flow | 7 | -10 | 1 | 7 | -11 | 3 | -3 |
| Free Cash Flow | 4 | 13 | 36 | -3 | 0 | -69 | -187 |
| CFO/OP | 217% | 117% | 77% | 10% | 34% | 108% | 115% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 64 | 65 | 79 | 87 | 113 | 113 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 74 | 64 | 65 | 79 | 87 | 113 | 113 |
| Working Capital Days | -52 | -56 | -70 | -45 | 40 | 73 | 37 |
| ROCE % | 4% | 3% | 11% | 20% | 14% | 21% |
Insights
In beta| Dec 1992 | Dec 1996 | Dec 2001 | Dec 2004 | Dec 2010 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Number of Vessels Managed/Operated Number |
|
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| Number of Owned Vessels Number |
||||||||
| Average Age of Fleet Years |
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| Total Team Size (Seafarers and Shore Staff) Number |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
28 May 2026 - ABS Marine Services Limited has informed about Schedule of Earnings Call for the half year and year ended 31st March, 2026.
-
Copy of Newspaper Publication
23 May 2026 - Audited half-year and year-ended 31 March 2026 results published in newspapers.
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Press Release
22 May 2026 - ABS Marine reported FY26 income of ₹322.64 Cr, PAT ₹80.80 Cr, plus MPSV delivery and HADES induction.
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Outcome of Board Meeting
21 May 2026 - Board approved audited FY26 standalone and consolidated results on 21 May 2026; PAT rose sharply.
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Structural Digital Database
6 May 2026 - Submitted SDD compliance certificate for FY ended 31 March 2026; no noncompliance observed.
Annual reports
Concalls
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Dec 2025TranscriptAI SummaryPPT
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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.