Garware Offshore Services Limited

BSE: GLOBOFFS · Shipping

52W Range₹31 ₹88

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Snapshot

Unlock Garware Offshore Services Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Global Offshore Services Ltd is primarily engaged in the ownership, operation, and chartering of offshore support vessels. Additionally, the company manufactures a diverse range of PET bottles, containers, and jars utilizing ISBM technology for various industrial and consumer applications.

Business Model

The company generates revenue through the chartering of offshore support vessels to the energy sector and the sale of specialized PET packaging solutions to the food, beverage, and pharmaceutical industries.

Growth Outlook

Growth is expected to be driven by sustained demand for offshore support services in the energy sector and the expansion of PET packaging applications for high-temperature and pressure-resistant consumer goods.

Key Risks

  • Cyclicality of Offshore Services. The company's offshore vessel business is highly sensitive to fluctuations in global oil and gas exploration and production spending.
  • Raw Material Price Volatility. Fluctuations in the cost of PET resin and other petroleum-based feedstocks can significantly impact manufacturing margins.
  • Regulatory and Environmental Compliance. Stricter environmental regulations regarding plastic waste and maritime operations could increase operational costs and compliance burdens.
  • Intense Market Competition. The company faces significant competition in both the shipping charter market and the commoditised PET packaging sector.

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Key Metrics

REVENUE

₹40 Cr

TTM · consolidated

+26.0%YoY

NET PROFIT

₹12 Cr

TTM · consolidated

-80.8%YoY

EPS

₹3.24

TTM · consolidated

-85.5%YoY

RETURN ON EQUITY

8.7%

TTM · consolidated

-54.3 ppYoY

RETURN ON CAPITAL EMPLOYED

8.8%

TTM · consolidated

-50.9 ppYoY

P/E

15.1x

Q4 FY26 · consolidated

15.1 vs -2.6x5Y avg

EV/EBITDA

5.4x

Q4 FY26 · consolidated

5.4 vs -249.6x5Y avg

EBITDA MARGIN

86.6%

TTM · consolidated

+37.3 ppYoY

NET PROFIT MARGIN

44.7%

Q4 FY26 · consolidated

+2.8 ppYoY

DEBT TO EQUITY

0.5x

Q4 FY26 · consolidated

+0.30xYoY

Peers · Shipping

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Garware Offshore Services LimitedGLOBOFFS
₹154 Cr15.066.1126.0%86.6%8.7%8.8%-29.8%
The Great Eastern Shipping Company LimitedGESHIP
₹19,125 Cr5.103.2423.9%78.7%24.0%23.1%+44.5%
Shipping Corporation of India Ltd.SCI
₹13,930 Cr8.615.4516.7%47.4%18.6%17.8%+41.4%
Shreeji Shipping Global Ltd.SHREEJISPG
₹10,630 Cr65.4543.2733.2%20.8%25.1%+158.1%
Seamec LimitedSEAMECLTD
₹4,263 Cr16.609.5160.3%45.7%22.4%22.2%+69.7%
Essar ShippingESSARSHPNG
₹347 Cr-0.9287.52-99.0%-48.5%-8.0%-32.8%-28.2%

As of Q4 FY26

Financials