Garware Offshore

Which are the latest news on Garware Offshore?

Why is Garware Offshore Services Ltd falling/rising?

As of 18-Jul, Garware Offshore Services Ltd's stock price is at 47.55, reflecting a decline of 1.96%. The stock has been on a downward trend, losing 16.02% year-to-date and 42.28% over the past year, underperforming compared to the Sensex and the shipping sector.

As of 18-Jul, Garware Offshore Services Ltd's stock price is falling, currently at 47.55, which reflects a decrease of 0.95 or 1.96%. The stock has been on a downward trend, having lost value for the last three consecutive days, resulting in a total decline of 2.02% during this period. Over the past week, the stock has decreased by 2.94%, while its performance over the last month shows a significant drop of 14.74%. Year-to-date, the stock is down 16.02%, and over the past year, it has experienced a substantial decline of 42.28%. <BR><BR>In comparison to the benchmark Sensex, which has shown a slight increase of 0.75% over the past week, Garware Offshore Services Ltd is underperforming. Additionally, the shipping sector, in which the company operates, has also faced a downturn, falling by 2.46%. Although there has been a rise in investor participation, with delivery volumes increasing significantly, the overall trend indicates that the stock is currently in a declining phase.

How big is Garware Offshore?

As of 10th June, Garware Offshore Services Ltd has a market capitalization of 139.00 Cr and reported Net Sales of 35.71 Cr with a Net Profit loss of 9.30 Cr over the latest four quarters. Shareholder's Funds are 134.08 Cr and Total Assets are valued at 179.13 Cr as of March 2025.

As of 10th June, Garware Offshore Services Ltd has a market capitalization of 139.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 35.71 Cr. However, it experienced a loss of 9.30 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 134.08 Cr and Total Assets valued at 179.13 Cr.

Who are in the management team of Garware Offshore?

The management team of Garware 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). Each member contributes to the company's governance and strategic direction.

The management team of Garware 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>Each member plays a crucial role in the governance and strategic direction of the company. If you need more specific information about any of these individuals or their roles, feel free to ask!

Who are the peers of the Garware Offshore?

Garware Offshore's peers include North Eastn.Car., Orissa Bengal, Sanco Trans, Jet Freight, Rapid Fleet, DRS Dilip Road, Premier Roadline, and Sadhav Shipping. Garware Offshore shows below-average management risk, growth, and capital structure, with a 1-year return of -51.93%, the lowest among its peers.

Peers: The peers of Garware Offshore are North Eastn.Car., Orissa Bengal, Sanco Trans, Jet Freight, Rapid Fleet, DRS Dilip Road, Premier Roadline, and Sadhav Shipping.<BR><BR>Quality Snapshot: Below Average management risk is observed at North Eastn.Car., Garware Offshore, Orissa Bengal, Jet Freight, and Sadhav Shipping, while Average management risk is found at Sanco Trans and DRS Dilip Road, and Good management risk is noted at Rapid Fleet and Premier Roadline. Below Average growth is seen at Garware Offshore, North Eastn.Car., Orissa Bengal, Jet Freight, Sanco Trans, and Sadhav Shipping, while Average growth is found at DRS Dilip Road, and Good growth is observed at Rapid Fleet, with Excellent growth at Premier Roadline. Below Average capital structure is present at Garware Offshore, North Eastn.Car., Orissa Bengal, Jet Freight, Sadhav Shipping, and DRS Dilip Road, while Good capital structure is noted at Sanco Trans, Average at Premier Roadline, and Excellent at Rapid Fleet.<BR><BR>Return Snapshot: Orissa Bengal has the highest 1-year return at 12.30%, while Garware Offshore has the lowest at -51.93%, indicating a significantly poorer performance compared to its peers. Additionally, Sanco Trans, Jet Freight, and the rest of the peers have negative six-month returns.

What does Garware Offshore do?

Garware Offshore Services Ltd, a micro-cap company in the transport services industry, was established in 1976 and reported net sales of 12 Cr and a net loss of 6 Cr for the quarter ending March 2026. The company has a market cap of INR 139 Cr and operates under the name Global Offshore Services Limited.

Overview: <BR>Garware Offshore Services Ltd operates in the transport services industry and is categorized as a micro-cap company.<BR><BR>History: <BR>The company was initially incorporated as Garware Shipping Corporation Limited in September 1976. It underwent a name change to Garware Offshore Services Limited on January 16, 2006, and then to Global Offshore Services Limited on January 11, 2011. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 12 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: -6 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 139 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 10 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.44 <BR>Return on Equity: -11.92% <BR>Price to Book: 1.11<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

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

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.

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.

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.

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.

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.

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.