Garware Offshore

how big is Global Offshore?

As of October 2023, Global Offshore Services Ltd has a market capitalization of 256.00 Cr and reported net sales of 32.75 Cr and net profit of 3.65 Cr over the latest four quarters. The company's shareholder's funds are 82.39 Cr, with total assets of 142.76 Cr as of March 2024.

Market Cap: Global Offshore Services Ltd has a market capitalization of 256.00 Cr, classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes data from Mar'25, Dec'24, Sep'24, and Jun'24, is 32.75 Cr. The sum of Net Profit for the same quarters is 3.65 Cr. This data is Consolidated.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at 82.39 Cr, and the Total Assets amount to 142.76 Cr.

Who are in the management team of Global Offshore?

As of March 2022, the management team of Global Offshore includes Maneesha Shah (Director), A C Chandarana (Company Secretary), A K Thanavala, S Y Mulani, and Faisy Viju (Independent Directors), Aditya Garware (Chairman), and Mukund Madhav Honkan (Whole-time Director). These individuals oversee the company's governance and operations.

As of March 2022, the management team of Global Offshore includes the following individuals:<BR><BR>1. Maneesha Shah - Director<BR>2. A C Chandarana - Company Secretary & Compliance Officer<BR>3. A K Thanavala - Independent Director<BR>4. S Y Mulani - Independent Director<BR>5. Aditya Garware - Chairman (Non-Executive)<BR>6. Mukund Madhav Honkan - Whole-time Director<BR>7. Faisy Viju - Independent Director<BR><BR>These members play various roles within the company, contributing to its governance and operational management.

What does Global Offshore do?

Global Offshore Services Ltd owns, operates, and charters offshore support vessels, categorized as a micro-cap company. As of March 2025, it reported net sales of 9 Cr and a net loss of 2 Cr, with a market cap of Rs 258 Cr.

Overview:<BR>Global Offshore Services Ltd is involved in owning, operating, and chartering offshore support vessels within the transport services industry, categorized as a micro-cap company.<BR><BR>History:<BR>Incorporated in September 1976, Global Offshore Services Limited was formerly known as Garware Shipping Corporation Limited. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 9 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: -2 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap: Rs 258 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 8<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.10<BR>- Return on Equity: -6.96%<BR>- Price to Book: 1.92<BR><BR>Contact Details:<BR>Address: 101 Swapnabhoomi A Wing, S K Bole Road Dadar (W) Mumbai Maharashtra : 400028<BR>Tel: 91-22-24234000<BR>Email: info@globaloffshore.in<BR>Website: http://www.globaloffshore.in

Has Global Offshore declared dividend?

Global Offshore Services Ltd has declared a 12% dividend, amounting to 1.2 per share, with an ex-date of September 16, 2014. However, the current dividend yield is 0%, and while there has been significant price appreciation over various periods, no recent dividends have been issued.

Global Offshore Services Ltd has declared a 12% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 12%<BR>- Amount per share: 1.2<BR>- Ex-date: 16 Sep 14<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -24.25%, with a dividend return of 0%, resulting in a total return of -24.25%.<BR><BR>For the 1-year period, the price return was 112.93%, with a dividend return of 0%, leading to a total return of 112.93%.<BR><BR>In the 2-year period, the price return was 133.67%, with a dividend return of 0%, yielding a total return of 133.67%.<BR><BR>During the 3-year period, the price return was 140.73%, with a dividend return of 0%, resulting in a total return of 140.73%.<BR><BR>In the 4-year period, the price return was 1185.05%, with a dividend return of 0%, leading to a total return of 1185.05%.<BR><BR>For the 5-year period, the price return was 2723.43%, with a dividend return of 0%, resulting in a total return of 2723.43%.<BR><BR>Overall, Global Offshore Services Ltd declared a dividend in the past, but the current dividend yield is 0%. The total returns over various periods indicate significant price appreciation, particularly over longer durations, despite the absence of recent dividends.

Who are the peers of the Global Offshore?

Global Offshore's peers include Container Corpn., Delhivery, Blue Dart Express, GE Shipping Co., S C I, Paradeep Pari., Zeal Global Serv, Maheshwari Logistics, and Kaushalya. Global Offshore has the highest 1-year return at 102.77%, while Container Corpn. has the lowest at -32.86%.

Peers: The peers of Global Offshore are Container Corpn., Delhivery, Blue Dart Expres, GE Shipping Co, S C I, Paradeep Pari., Zeal Global Serv, Maheshwari Logi., and Kaushalya.<BR><BR>Quality Snapshot: Excellent management risk is observed at Paradeep Pari. and Zeal Global Serv, while Good management risk is found at Blue Dart Expres and GE Shipping Co. Average management risk is seen at Container Corpn., S C I, and Maheshwari Logi., and the rest have Below Average management risk, including Delhivery, Global Offshore, Kaushalya, and Sadhav. Growth is Excellent at Paradeep Pari., Good at Delhivery, Blue Dart Expres, and GE Shipping Co., while Average growth is noted at S C I, and the rest, including Global Offshore, Container Corpn., Maheshwari Logi., Kaushalya, and Sadhav, have Below Average growth. Capital Structure is Excellent at Container Corpn. and GE Shipping Co., Good at Blue Dart Expres and S C I, Average at Paradeep Pari., and the rest, including Global Offshore, Delhivery, Maheshwari Logi., Kaushalya, and Sadhav, have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Global Offshore at 102.77%, while the peer with the lowest is Container Corpn. at -32.86%. Global Offshore's return is significantly higher than all its peers. Additionally, peers with negative six-month returns include Container Corpn., Blue Dart Expres, GE Shipping Co, S C I, and Maheshwari Logi.

Is Global Offshore overvalued or undervalued?

As of April 25, 2023, Global Offshore is considered risky and overvalued with a PE ratio of -28.15 and an EV to EBITDA of 44.29, significantly lagging behind peers like GE Shipping Co and S C I, despite a strong 1-year stock return of 102.07%.

As of 25 April 2023, the valuation grade for Global Offshore has moved from does not qualify to risky, indicating a significant shift in the company's perceived financial health. The company is currently overvalued based on its financial metrics. Key ratios include a PE ratio of -28.15, an EV to EBITDA of 44.29, and a ROE of -6.96%. <BR><BR>In comparison to its peers, Global Offshore's metrics are concerning; for instance, GE Shipping Co has a PE ratio of 6.01 and an EV to EBITDA of 3.08, while S C I boasts a PE of 11.79 and an EV to EBITDA of 6.47. These comparisons highlight that Global Offshore is significantly lagging behind its competitors in terms of valuation. Additionally, despite a strong 1-year stock return of 102.07%, the overall financial indicators suggest that the stock is not justified at its current price of 99.70.

What is the technical trend for Global Offshore?

As of June 2, 2025, Global Offshore's technical trend is mildly bullish, supported by weekly MACD and Bollinger Bands, despite mixed signals from monthly indicators and daily moving averages.

As of 2 June 2025, the technical trend for Global Offshore has changed from mildly bearish to mildly bullish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains mildly bearish, suggesting mixed signals across time frames. The Bollinger Bands are bullish on both weekly and monthly charts, supporting the bullish outlook. However, daily moving averages are mildly bearish, which could temper the bullish sentiment. The KST is mildly bullish weekly and bullish monthly, reinforcing the positive trend. Dow Theory shows a mildly bullish stance weekly but is mildly bearish monthly, indicating a divergence in longer-term trends. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and Bollinger Bands.

Who are the top shareholders of the Global Offshore?

The top shareholders of Global Offshore include Sushma Ashok Garware with 7.93%, Shri Krishna Welfare Trust at 2.55%, and individual investors holding 45.66%. Additionally, mutual funds hold 0.1%, and foreign institutional investors have 0.23%, with no pledged promoter holdings reported.

The top shareholders of Global Offshore include Sushma Ashok Garware, who holds the highest promoter stake at 7.93%. The highest public shareholder is Shri Krishna Welfare Trust, with a holding of 2.55%. Additionally, individual investors collectively hold a significant portion of 45.66%. The company also has some mutual fund representation, with four schemes holding a total of 0.1%, and two foreign institutional investors (FIIs) holding 0.23%. There are no pledged promoter holdings reported.

How has been the historical performance of Global Offshore?

Global Offshore has experienced a significant decline in net sales and profitability from Mar'19 to Mar'25, with a recent recovery in operating profit and improved liquidity, despite fluctuating profit before and after tax. Total liabilities have decreased, indicating reduced debt levels.

Answer:<BR>The historical performance of Global Offshore shows a significant decline in net sales and profitability over the years, with a notable recovery in recent periods.<BR><BR>Breakdown:<BR>Global Offshore's net sales have decreased from 127.79 Cr in Mar'19 to 32.75 Cr in Mar'25, reflecting a downward trend in revenue generation. The total operating income followed a similar pattern, dropping from 127.79 Cr in Mar'19 to 32.75 Cr in Mar'25. Operating profit (PBDIT) exhibited volatility, with a peak of 26.54 Cr in Mar'20, followed by a significant downturn to -13.35 Cr in Mar'23, before recovering to 6.43 Cr in Mar'25. Profit before tax also fluctuated, reaching a high of 383.93 Cr in Mar'23, but falling to 3.73 Cr in Mar'25. The profit after tax mirrored this trend, decreasing from 315.67 Cr in Mar'23 to 3.65 Cr in Mar'25. The company's total liabilities decreased from 627.27 Cr in Mar'20 to 179.13 Cr in Mar'25, indicating a reduction in debt levels. Cash flow from operating activities showed a slight increase to 9.00 Cr in Mar'25, while cash and cash equivalents rose significantly to 43.34 Cr in the same period, suggesting improved liquidity. Overall, Global Offshore's financial performance reflects a challenging environment with recent signs of recovery.

When is the next results date for Garware Offshore Services Ltd?

The next results date for Garware Offshore Services Ltd is 28 May 2026.

The next results date for Garware Offshore Services Ltd is scheduled for 28 May 2026.

Are Garware Offshore Services Ltd latest results good or bad?

Garware Offshore Services Ltd's latest results show a 39.13% revenue increase to ₹12.48 crores, but a significant net loss of ₹5.58 crores indicates serious profitability issues, leading to a "Strong Sell" rating. Investors should be cautious due to rising costs and deteriorating financial health.

Garware Offshore Services Ltd's latest results indicate a challenging situation for the company. While the revenue for Q4 FY26 showed a significant increase of 39.13% year-on-year, reaching ₹12.48 crores, this growth was overshadowed by a substantial net loss of ₹5.58 crores. This loss represents a dramatic decline of 201.62% compared to the same quarter last year, highlighting a severe deterioration in profitability.<BR><BR>The operating profit margin improved to 21.88%, which suggests some operational efficiency, but this was not enough to counterbalance the rising costs associated with depreciation and interest. Specifically, interest expenses surged by 149.23% year-on-year, further straining the company's financial position.<BR><BR>Overall, despite the positive revenue growth, the widening net losses and increasing costs signal significant underlying issues. The company's performance has led to a "Strong Sell" rating, reflecting serious concerns about its financial health and future prospects. Investors should approach this stock with caution given the current trends.

Should I buy, sell or hold Garware Offshore Services Ltd?

Why is Garware Offshore Services Ltd falling/rising?

As of 31-May, Garware Offshore Services Ltd's stock price is Rs 41.24, reflecting a 3.08% decrease. The stock has underperformed significantly, with a year-to-date decline of 27.16% compared to the Sensex's 12.26%, and is trading below all major moving averages, indicating ongoing challenges.

As of 31-May, Garware Offshore Services Ltd's stock price is falling, currently at Rs 41.24, which reflects a decrease of Rs 1.31 or 3.08%. The stock has been on a downward trend, having lost 3.77% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a consistent decline in its price performance.<BR><BR>In the broader context, the stock has underperformed significantly compared to the benchmark Sensex, with a year-to-date decline of 27.16% versus the Sensex's 12.26%. Over the past year, the stock has decreased by 46.39%, while the Sensex has only fallen by 8.40%. Additionally, the shipping sector, in which Garware Offshore operates, has also experienced a decline of 4.26%, contributing to the negative sentiment surrounding the stock.<BR><BR>Despite a rise in investor participation, as evidenced by a 93.62% increase in delivery volume compared to the 5-day average, the overall performance and market conditions suggest that the stock is facing significant challenges, leading to its current falling price.

Which are the latest news on Garware Offshore?