Garware Offshore Services Limi
BSE: GARWAOFFS · Shipping · sector
₹35.14BSE close 2026-10-26
Key numbers
Market cap₹108 cr
Price₹35.14
52w high / low₹61 / ₹35
P/E9.9xSector median 9.9x
P/B0.9xSector median 1.5x
Book value₹40.6
Dividend yield–Sector median 1.38%
ROE-8.5%Sector median 9.5%
ROCE-2.1%Sector median 9.7%
OPM36.5%Sector median 38.7%
Debt / equity0.50xSector median 0.31x
EV/EBITDA10.2xSector median 9.3x
Interest cover-0.7x
Current ratio0.95x
Sales growth 3y+6.5%Sector median -0.9%
Profit growth 3y–Sector median +15.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 10 companies in Shipping (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹9 cr vs borrowings ₹63 cr (FY26): borrowings are higher by ₹53 cr.
- Operating profit covered interest -0.7x in the last 12 months.
- Net loss in 7 of the last 7 quarters.
- No dividend in the last 5 financial years.
- Price ₹35.14 on 2026-10-26: -42.7% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹132.60 · low ₹35.14
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 12 | 9 | 4 | 7 | 12 | 12 | 12 |
| EBITDA | 5 | 2 | 1 | 4 | 5 | 3 | 4 |
| OPM % | 37.7% | 24.2% | 29.9% | 62.6% | 37.7% | 22.4% | 35.1% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | -2 | -2 | -2 | -0 | -2 | -6 | -3 |
| EPS (₹) | 0.65 | 0.63 | 0.62 | 0.06 | 0.65 | 1.90 | 0.93 |
| Revenue YoY | 0.0% | +39.1% | +177.4% | ||||
| Profit YoY | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 47 | 30 | 30 | 33 | 36 | 43 |
| EBITDA | -15 | 201 | -112 | 19 | 13 | 16 |
| Net profit | -62 | 172 | -121 | 4 | -10 | -11 |
| EPS (₹) | -25.09 | 69.55 | -48.91 | 1.37 | 3.02 | 3.54 |
| Revenue growth | -37.5% | +1.2% | +9.3% | +9.1% | – | |
| Profit growth | – | -170.3% | – | -370.7% | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.5% | – | – |
| Net profit | – | – | – |
| EPS | -64.9% | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 134 | 125 |
| Borrowings | 27 | 63 |
| Cash & equivalents | 43 | 9 |
| Total assets | 179 | 206 |
| Fixed assets | 114 | 172 |
| Investments | 0 | 0 |
| Receivables | 5 | 8 |
| Inventory | 9 | 9 |
| Payables | 7 | 9 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 10 | 8 |
| Cash from investing | -11 | -73 |
| Cash from financing | 39 | 33 |
| Capex | 11 | 74 |
| Free cash flow | -1 | -67 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 2.7% | -7.9% |
| ROCE % | 3.5% | -2.1% |
| Debtor days | 59 | 86 |
| Inventory days | 96 | 94 |
| Payable days | 83 | 88 |
| Cash conversion cycle (days) | 72 | 92 |
| Working capital days | 336 | -16 |
Peers in Shipping
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| GESHIP | ₹21,878 cr | 5.8x | 1.3x | 24.0% | 22.0% | 61.9% | -1.7% | 1.88% |
| SHREEJISPG | ₹13,221 cr | 81.4x | 17.2x | 20.8% | 21.5% | 28.4% | – | 0.12% |
| SCI | ₹11,501 cr | 7.1x | 1.3x | 18.6% | 16.4% | 40.9% | -0.1% | 5.29% |
| SEAMECLTD | ₹4,006 cr | 15.6x | 3.1x | 22.2% | 18.5% | 41.1% | +29.6% | – |
| TRANSWORLD | ₹373 cr | – | 0.6x | -4.7% | -0.7% | -5.3% | +4.3% | 0.88% |
| ESSARSHPNG | ₹304 cr | 3.6x | – | – | – | 2,40,183.0% | -69.2% | – |
| GARWAOFFS | ₹108 cr | 9.9x | 0.9x | -8.5% | -2.1% | 36.5% | +6.5% | – |
| CHOWGULSTM | ₹76 cr | 39.1x | 1.7x | 0.5% | 3.0% | -34.1% | – | – |
| DATIWARE | ₹18 cr | 58.5x | – | – | – | 43.7% | -24.7% | – |
| SHAHISHIP | ₹15 cr | 6.5x | 31.1x | -162.5% | -20.4% | -23.3% | -16.0% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2014-09-16 | Dividend | Dividend Rs 1.2 |
| 2013-08-26 | Dividend | Final Dividend Rs 0.8 |
| 2013-06-10 | Dividend | Interim Dividend Rs 0.8 |
| 2013-04-22 | Dividend | Interim Dividend Rs 0.8 |
| 2012-09-21 | Dividend | Final Dividend Rs 0.7 |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Services |
| Industry | Shipping |
| Sub-industry | Shipping |
| Symbol | GARWAOFFS |
| BSE code | 501848 |
| ISIN | INE446C01013 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.