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    Industrial services

  3. •

    Oilfield services/Equipment
Garware Offshore Services Ltd

Garware Offshore Services Ltd

BBSE:GARWAOFFS
36.15
INR
-0.68
(-1.85%)
-4.06EPS
1.66BMarket Cap
Garware Offshore Services Ltd
BSE:GARWAOFFS
(Bombay Stock Exchange)

Recent

price

36.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
82.63
93.18
110.99
148.58
161.23
150.46
65.42
54.9
51.68
49.31
31.41
26.27
20.63
12.98
12.33
11.63
13.42
Revenue per Share
9.33
9.97
21.43
15.72
17.95
-4.55
-46.17
-77.89
-199.69
-14.09
88.2
-25.16
127.65
14.49
1.37
-3.02
-4.06
Basic EPS, GAAP
17.63
52.39
-98.44
-81.29
44.55
-23.85
13.55
-0.69
4.47
1.34
5.22
4.95
-1.76
2.83
-0.48
-21.69
- -
Free Cash Flow per Basic Share
2.06
2.11
1.35
2.44
1.39
0.05
0.06
0.04
0.04
0.03
0.06
0.03
- -
- -
- -
- -
- -
Dividend per Share
116.01
108.54
148.14
156.3
186.01
188.7
137.08
58.84
-139.11
-167.17
-75.66
-103.28
19.2
33.32
43.76
40.63
- -
Book Value per Share
115.97
108.5
148.1
156.28
186
188.7
137.08
58.84
-139.11
-167.17
-75.66
-103.28
19.2
33.32
43.76
40.63
- -
Tangible Book Value per Share
24
24
24
24
25
25
25
25
25
25
25
25
25
25
27
31
30
Basic Weighted Avg Shares
1,968
2,244
2,695
3,608
3,987
3,721
1,618
1,358
1,278
1,219
777
650
510
321
327
357
408
Sales/Revenue/Turnover
10.98
24.76
34.36
27.13
27.38
12.67
-65.22
-100.22
-109.06
-27.25
-49.33
-49.08
-85.33
-48.82
-22.63
-24.53
-27.88
Operating Margin (%)
343
436
447
673
658
706
683
608
594
308
305
351
312
147
135
181
- -
Depreciation Expense
222
240
520
382
444
-113
-1,142
-1,926
-4,938
-348
2,181
-622
3,157
358
36
-93
-123
Net Income, GAAP
- -
1.97
13.88
1.56
3.45
- -
- -
- -
- -
- -
0.18
- -
0.35
4.98
2.15
- -
- -
Effective Tax Rate (%)
11.29
10.7
19.3
10.58
11.13
-3.03
-70.58
-141.89
-386.42
-28.56
280.82
-95.76
618.78
111.65
11.14
-26
-30.27
Profit Margin (%)
-207
-583
-482
-804
205
-622
-380
-2,533
-6,107
-7,350
-6,579
-8,176
-1,668
-304
273
-15
- -
Working Capital
5,281
5,472
7,232
9,253
8,625
9,319
9,383
8,533
6,272
3,904
1,311
246
92
78
140
591
- -
LT Debt
2,763
2,658
4,176
4,840
5,894
5,894
4,044
1,407
-5,485
-6,065
-2,657
-3,457
180
824
1,341
1,249
- -
Total Equity
- -
6.63
7.9
7.33
7.55
- -
- -
- -
- -
- -
86.14
- -
158.6
29.12
4.28
- -
- -
Return on Invested Capital (%)
- -
6.78
5.09
6.23
5.78
- -
- -
- -
- -
- -
30.58
- -
97.54
26.85
3.71
- -
- -
Return on Capital (%)
8.18
8.86
16.46
10.14
10.49
-2.43
-28.35
-79.52
- -
- -
- -
- -
- -
55.19
3.37
-7.17
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
148
- -
LT Borrowings
- -
580
- -
LT Finance Leases
- -
11
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
31
31
31
Market Capitalization
1,741
1,035
1,662

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
300
- -
Cash, Cash Equivalents & STI
- -
93
- -
Accounts Receivable, Net
- -
84
- -
Inventories
- -
92
- -
Total Current Liabilities
- -
315
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
148
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-29.44%
67.54%
-6.83%
Free Cash Flow
385.5%
928.75%
5,163.37%
Net Income, GAAP
-94.85%
-253.78%
-354.54%
Sales/Revenue/Turnover
-18.32%
-12.76%
9.08%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
84
73
81
90
327
2026
43
- -
122
125
357
2027
118
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.81
-0.82
3.66
-0.63
1.37
2026
-0.62
- -
-0.65
-1.9
-3.02
2027
-0.93
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Global Offshore Services Limited engages in owning, operating, and chartering offshore support vessels primarily in India and West Africa. Its core products and services include platform supply vessels (PSVs) and anchor handling tug cum supply vessels (AHTSVs) that provide critical support for offshore oil and gas exploration activities, such as transporting personnel and cargo to rigs and platforms, anchor handling, towing of rigs, and facilitating offshore and underwater construction projects. The company serves exploration and production companies in the maritime offshore industry. Incorporated in 1976 and headquartered in Mumbai, India, Global Offshore operates through subsidiaries including Garware Offshore International Services Pte. Ltd. and Global Offshore Services B.V. Recent strategic developments include the acquisition of a DP2 Anchor Handling Tug Supply Vessel in early 2025, expanding its fleet to enhance operational capacity. The newly acquired vessel secured a term contract valued at approximately Rs. 36 crores with a minimum duration of four months and an option to extend for an additional eight months, reflecting ongoing fleet utilization growth. The company continues to focus on servicing offshore exploration and production with safety and environmental standards as key priorities. Global Offshore Services Limited was formerly known as Garware Offshore Services Limited until the name change in March 2011.