ABS Marine Services Ltd
Incorporated in 1992, ABS Marine Ltd is in the business of providing shipping services[1]
- Market Cap ₹ 472 Cr.
- Current Price ₹ 192
- High / Low ₹ 324 / 92.1
- Stock P/E 17.4
- Book Value ₹ 93.9
- Dividend Yield 0.00 %
- ROCE 14.2 %
- ROE 15.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 150% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Debtor days have increased from 92.9 to 113 days.
- Working capital days have increased from 31.5 days to 99.1 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
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 | |
|---|---|---|---|---|---|---|
| 91 | 89 | 72 | 111 | 135 | 180 | |
| 75 | 67 | 52 | 84 | 90 | 130 | |
| Operating Profit | 16 | 22 | 20 | 28 | 45 | 50 |
| OPM % | 17% | 25% | 28% | 25% | 33% | 28% |
| 6 | 3 | 11 | 3 | -0 | 4 | |
| Interest | 6 | 4 | 4 | 5 | 5 | 6 |
| Depreciation | 17 | 18 | 16 | 13 | 14 | 13 |
| Profit before tax | -1 | 3 | 10 | 12 | 26 | 37 |
| Tax % | 168% | 24% | 18% | 17% | 3% | 25% |
| -3 | 2 | 8 | 10 | 25 | 27 | |
| EPS in Rs | 11.05 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 36% |
| TTM: | 33% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 150% |
| 3 Years: | 306% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 16% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 18 | 25 |
| Reserves | 74 | 76 | 84 | 94 | 99 | 206 |
| 94 | 86 | 61 | 49 | 46 | 178 | |
| 26 | 21 | 22 | 33 | 22 | 23 | |
| Total Liabilities | 193 | 182 | 167 | 176 | 185 | 432 |
| 125 | 119 | 91 | 86 | 82 | 183 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 13 | 31 | 5 | 11 | 13 |
| 65 | 50 | 44 | 84 | 92 | 236 | |
| Total Assets | 193 | 182 | 167 | 176 | 185 | 432 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 32 | 25 | 15 | 5 | 12 | 45 | |
| -25 | -19 | 15 | 19 | -15 | -235 | |
| -1 | -16 | -29 | -17 | -8 | 193 | |
| Net Cash Flow | 7 | -10 | 1 | 7 | -11 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 74 | 64 | 65 | 79 | 87 | 113 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 74 | 64 | 65 | 79 | 87 | 113 |
| Working Capital Days | -52 | -56 | -70 | -45 | 40 | 99 |
| ROCE % | 4% | 3% | 11% | 20% | 14% |
Documents
Announcements
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General Updates
7 August 2025 - Announcement contains only digital signature metadata, no substantive information.
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Outcome of Board Meeting
7 August 2025 - Announcement contains only digital signatures and timestamps, no substantive information.
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Credit Rating
6 August 2025 - Crisil reaffirms ABS Marine's BBB+/Stable rating; bank debt limit raised to Rs.335 Cr from Rs.25 Cr.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
16 July 2025 - Share capital audit report for quarter ended June 30, 2025; no changes in share capital.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
10 July 2025 - ABS Marine Services Limited has informed regarding Non-Applicability for Submission of the Compliance Report on Corporate Governance for the Quarter Ending 30th June, 2025
Annual reports
Concalls
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Jun 2025Transcript PPT REC
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Jun 2024TranscriptNotesPPT
Business Overview:[1]
ABS is in the shipping services industry and provides diversified services such as manning & technical services and chartering & hiring services. Majority of the company’s manning and technical services are tender-based. In FY24, company has 5 Owned Ships, 1 Long Term Chartered-in Ship, and 36 Vessels Under Management