Garware Offshore Services Ltd

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Garware Offshore Services Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Garware Offshore Services Ltd

₹ 50.0 -1.48%
19 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 ₹ 50.0
  • High / Low ₹ 88.0 / 31.4
  • Stock P/E
  • Book Value ₹ 41.6
  • Dividend Yield 0.00 %
  • ROCE -3.72 %
  • ROE -8.76 %
  • 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 -10.2% over past five years.
  • Promoter holding is low: 30.3%
  • Company has a low return on equity of -6.53% over last 3 years.
  • Debtor days have increased from 66.8 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

Standalone Figures in Rs. Crores / View Consolidated

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
6.61 7.80 7.86 7.69 8.39 7.26 8.13 8.97 4.25 6.74 12.24 12.48 11.79
7.15 5.74 6.87 7.99 6.71 5.68 7.14 6.48 6.27 4.83 7.82 9.53 7.64
Operating Profit -0.54 2.06 0.99 -0.30 1.68 1.58 0.99 2.49 -2.02 1.91 4.42 2.95 4.15
OPM % -8.17% 26.41% 12.60% -3.90% 20.02% 21.76% 12.18% 27.76% -47.53% 28.34% 36.11% 23.64% 35.20%
-2.77 -0.21 0.04 -103.96 0.04 0.05 0.05 0.60 0.79 2.71 0.61 0.31 0.17
Interest 0.75 0.11 0.49 0.68 0.47 0.37 0.37 0.63 0.48 0.61 1.73 1.61 1.51
Depreciation 2.89 3.12 3.14 3.12 3.17 3.41 3.49 3.44 2.95 3.55 5.08 6.51 5.61
Profit before tax -6.95 -1.38 -2.60 -108.06 -1.92 -2.15 -2.82 -0.98 -4.66 0.46 -1.78 -4.86 -2.80
Tax % 0.29% 1.45% 0.38% 1.78% 1.04% 0.93% 1.06% 2.04% 2.15% 19.57% 6.18% 11.52% 1.79%
-6.97 -1.40 -2.61 -109.98 -1.94 -2.17 -2.85 -1.00 -4.76 0.37 -1.89 -5.42 -2.86
EPS in Rs -2.82 -0.57 -1.06 -44.47 -0.76 -0.83 -1.08 -0.33 -1.55 0.12 -0.61 -1.76 -0.93
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
89.92 159.79 98.49 76.26 64.82 70.80 61.20 47.35 29.61 29.96 32.75 35.72 43.25
46.06 88.81 65.86 63.95 50.14 48.28 45.69 46.41 46.27 27.71 25.85 28.45 29.82
Operating Profit 43.86 70.98 32.63 12.31 14.68 22.52 15.51 0.94 -16.66 2.25 6.90 7.27 13.43
OPM % 48.78% 44.42% 33.13% 16.14% 22.65% 31.81% 25.34% 1.99% -56.26% 7.51% 21.07% 20.35% 31.05%
1.50 0.42 14.55 -118.82 -35.92 -40.31 12.30 -15.75 217.37 -106.90 0.74 4.41 3.80
Interest 9.46 18.79 20.04 21.41 27.07 24.60 18.07 18.72 3.23 2.07 2.01 4.43 5.46
Depreciation 13.36 22.39 22.59 23.69 23.42 24.32 26.41 28.24 24.14 12.27 13.51 18.10 20.75
Profit before tax 22.54 30.22 4.55 -151.61 -71.73 -66.71 -16.67 -61.77 173.34 -118.99 -7.88 -10.85 -8.98
Tax % 8.21% 0.69% 5.05% 0.00% 0.06% -2.83% 3.30% 0.45% 0.78% 1.66% 1.02% 7.83%
20.68 30.01 4.31 -151.62 -71.76 -64.83 -17.22 -62.05 172.00 -120.95 -7.96 -11.70 -9.80
EPS in Rs 8.36 12.14 1.74 -61.31 -29.02 -26.22 -6.96 -25.09 69.55 -48.91 -2.60 -3.81 -3.18
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -14%
5 Years: -10%
3 Years: 6%
TTM: 51%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 20%
TTM: 11%
Stock Price CAGR
10 Years: -11%
5 Years: 10%
3 Years: 11%
1 Year: -31%
Return on Equity
10 Years: -13%
5 Years: -19%
3 Years: -7%
Last Year: -9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 24.73 24.73 24.73 24.73 24.73 24.73 24.73 24.73 24.73 24.73 30.64 30.74
Reserves 354.47 386.10 390.08 238.46 166.73 102.04 84.82 22.88 194.85 73.90 108.37 97.26
298.18 401.03 375.96 369.86 388.52 417.31 396.91 408.39 39.14 23.98 17.26 60.88
30.97 19.96 25.45 45.64 62.05 93.76 105.97 128.25 26.04 18.81 12.46 16.19
Total Liabilities 708.35 831.82 816.22 678.69 642.03 637.84 612.43 584.25 284.76 141.42 168.73 205.07
403.44 544.80 518.86 492.27 462.77 451.33 452.79 429.49 128.79 120.12 115.62 173.46
CWIP 4.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 204.95 204.95 204.69 113.38 113.36 113.35 113.38 113.47 113.40 0.14 0.36 0.30
95.30 82.07 92.67 73.04 65.90 73.16 46.26 41.29 42.57 21.16 52.75 31.31
Total Assets 708.35 831.82 816.22 678.69 642.03 637.84 612.43 584.25 284.76 141.42 168.73 205.07

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
44.64 65.84 47.71 7.08 12.05 24.57 11.04 10.74 -1.01 12.53 -0.40 8.55
-8.57 -158.90 -12.73 -0.89 -8.31 -12.25 -3.58 -4.73 66.02 11.97 -10.31 -69.42
-23.39 86.60 -39.79 -4.17 -4.33 -6.97 -11.96 -2.40 -69.29 -25.44 40.27 37.83
Net Cash Flow 12.68 -6.46 -4.82 2.02 -0.58 5.35 -4.50 3.61 -4.28 -0.94 29.56 -23.03
Free Cash Flow 67.04 -93.25 47.36 6.04 3.27 11.69 7.30 5.96 65.01 24.44 -11.07 -65.73
CFO/OP 102% 93% 152% 73% 79% 105% 58% 1,244% 1% 364% 3% 118%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 104.20 64.00 81.09 64.28 59.86 69.60 92.20 65.45 44.50 55.92 58.96 85.53
Inventory Days
Days Payable
Cash Conversion Cycle 104.20 64.00 81.09 64.28 59.86 69.60 92.20 65.45 44.50 55.92 58.96 85.53
Working Capital Days -126.93 -76.23 -206.98 -674.77 -1,238.76 -1,651.62 -2,365.46 -3,721.23 -310.02 -303.72 -135.08 -76.43
ROCE % 4.72% 6.58% 1.36% -1.38% -1.35% -0.16% -1.98% -5.62% -11.39% -1.22% -4.41% -3.72%

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
PSVs Owned (Standalone)
number of vessels

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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