| Revenue growth | 21% YoY growth in Gross Income for FY26. |
|---|---|
| Margins | EBIDTA margin improved significantly despite net losses. |
| Order book | Term contracts secured for 2 out of 3 vessels. |
| Demand visibility | Strong; OSV market expected to reach USD 29 billion by 2032. |
| Management confidence | High; aiming to resurrect status as a leading OSV player. |
Growth
FY26 Gross Income rose 21% to ₹4,013.59 Lakhs from ₹3,321.29 Lakhs. EBIDTA grew 62% to ₹1,167.92 Lakhs.
Outlook
Plans to acquire 2-3 mid-size vessels (AHTSV/PSV) between 2026-2028. Target to reach 150-vessel year experience with ONGC.
Risks
Net loss widened to ₹1,170.20 Lakhs due to higher finance costs, depreciation, and forex losses on debt.
Earnings Call filed with BSE, BSE: 501848. Summary written with AI assistance from the document.
Garware Offshore Services Ltd: key numbers
- Share price
- ₹41.99
- Market cap
- ₹128.7 Cr
- Revenue (annual)
- ₹35.72 Cr
- Net profit (annual)
- ₹-9.29 Cr
- P/E (TTM)
- -12.5×Sector 28.2×
- Promoter holding
- 30.33%-0.03% QoQ
- FII holding
- 0.03%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Garware Offshore Services Ltd
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Garware Offshore Services held its 48th AGM on 24 September 2026, transacted via OAVM. Ordinary resolutions covered adoption of FY2026 accounts and MD re-appointment by rotation.
Garware Offshore Services Annual General Meeting
Garware Offshore Services Limited issued a notice for its Annual General Meeting scheduled for September 24, 2026. Agenda items include adoption of financial statements and director re-appointment.
Garware Offshore Services Annual Report
Garware Offshore Services Limited has released its 48th Annual Report for fiscal year 2025-26. The report includes the notice for the upcoming Annual General Meeting.
Garware Offshore Services Capital Structure Change
Garware Offshore Services received trading approval from BSE for 27,000 equity shares issued to non-promoters upon warrant conversion.
Garware Offshore Services Business Update
Garware Offshore Services Limited announced that one of its vessels commenced operations under a four-year charter contract on August 17, 2026.
- Execution
- 4 years
Garware Offshore Services Capital Structure Change
Garware Offshore Services received listing approval for 27,000 equity shares. These shares were issued to non-promoters via warrant conversion.
- Value
- ₹0.25 Cr