GARWARE OFFSHORE SERVICES LIMITED

BSE: GARWAOFFS501848ISIN INE446C01013

Services
Shipping

Share price

₹40.73+2.76 (+7.27%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹74.00
52W low: ₹31.00
Off 52W high: -44.96%
1M return: +0.42%
3M return: -13.08%
6M return: -17.25%
1Y return: -42.26%
20D avg volume: 18,872
50 DMA: ₹42.35
200 DMA: ₹46.74

Key ratios Consolidated

Market cap: ₹125.33 Cr
Current price: ₹40.73
52W high / low: ₹74.00 / ₹31.00
Face value: ₹10.00
P/E: -12.28
P/B: 1.00
EPS (TTM): ₹-3.33
Book value / share: ₹40.61
ROE: —
ROCE: -2.30%
Operating margin: —
Net margin: —
Debt / equity: 0.50
Net debt: ₹60.28 Cr
Interest cover: -0.90
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 91.6 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	11.79	12.48	12.24	6.74	4.25	8.97	12.24	7.26	8.39	—
	0.17	0.31	0.30	0.21	0.36	0.10	0.30	0.16	0.04	—
	11.95	12.79	12.54	6.96	4.62	9.07	12.54	7.42	8.42	—
	14.77	17.88	14.66	9.02	10.16	11.64	14.66	9.48	10.50	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
	1.01	1.24	1.08	1.17	1.00	0.96	1.08	0.85	1.05	—
	1.51	1.62	1.73	0.61	0.48	0.65	1.73	0.39	0.49	—
	5.61	6.51	5.08	3.55	2.95	3.44	5.08	3.41	3.17	—
	6.64	8.51	6.77	3.68	5.73	6.58	6.77	—	—	—
	-2.82	-5.09	-2.11	-2.06	-5.54	-2.56	-2.11	-2.07	-2.08	—
	0.00	0.07	0.22	2.33	3.74	0.74	0.22	0.00	0.09	—
	-2.82	-5.02	-1.89	0.27	-1.80	-1.83	-1.89	-2.07	-1.98	—
	0.05	0.56	0.11	0.09	0.10	0.02	0.11	0.02	0.02	—
	-2.87	-5.58	-2.00	0.18	-1.90	-3.76	-2.00	-2.08	-2.00	—
	-0.93	-1.90	-0.65	0.06	-0.62	-0.63	-0.65	-0.82	-0.81	—
Key metrics
	4.30	3.11	4.92	4.43	1.63	2.26	4.92	1.73	1.68	—
	36.50%	24.90%	40.20%	65.70%	38.40%	25.20%	40.20%	23.80%	20.00%	—
	-24.30%	-44.70%	-16.30%	2.70%	-44.70%	-41.90%	-16.30%	-28.70%	-23.80%	—
	—	-1.90%	—	0.50%	—	-0.80%	—	—	—	—
	177.40%	39.10%	0.00%	-7.20%	-49.30%	—	—	—	—	—
	-51.10%	-48.40%	0.00%	108.70%	5.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	43.25	35.73	32.75	—
	0.99	1.19	0.53	—
	44.24	36.91	33.28	—
	56.33	51.72	42.56	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	4.50	4.50	3.81	—
	5.47	4.44	1.93	—
	20.75	18.10	13.51	—
	25.60	24.68	23.32	—
	-12.08	-14.80	-9.29	—
	2.62	6.36	13.02	—
	-9.46	-8.44	3.73	—
	0.81	0.85	0.08	—
	-10.27	-9.29	7.15	—
	-3.42	-3.02	1.37	—
Key metrics
	16.76	14.10	19.17	—
	38.75%	39.50%	58.50%	—
	-23.75%	-26.00%	21.80%	—
	—	-2.30%	3.80%	—
	32.18%	9.10%	—	—
	—	-229.90%	—	—
	—	-66.66	-0.90	—
	—	-0.82	1.37	—
	—	0.50	0.20	—
	—	60.28	25.57	—
	—	91.6	72.4	—
Balance sheet
	—	206.20	179.13	—
	—	30.03	61.13	—
	—	2.51	1.68	—
	—	8.37	5.29	—
	—	9.22	8.61	—
	—	—	1.08	—
	—	172.03	113.55	—
	—	8.62	7.41	—
	—	31.55	30.95	—
	—	62.79	27.25	—
	—	14.19	14.96	—
	—	48.60	12.29	—
	—	124.86	134.08	—
Cash flow
	—	7.62	9.77	—
	—	-72.64	-10.67	—
	—	33.46	38.85	—
	—	74.28	10.67	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	11.79	12.48	12.24	6.74	4.25	8.97	12.24	7.26	8.39	—
	0.17	0.31	0.61	2.71	0.79	0.32	0.61	0.05	0.04	—
	11.95	12.79	12.85	9.45	5.04	9.30	12.85	7.31	8.42	—
	14.76	17.66	14.63	8.99	9.71	10.56	14.63	9.46	10.34	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
	1.01	1.24	1.08	1.17	1.00	0.96	1.08	0.85	1.05	—
	1.51	1.61	1.73	0.61	0.48	0.63	1.73	0.37	0.47	—
	5.61	6.51	5.08	3.55	2.95	3.44	5.08	3.41	3.17	—
	6.63	8.29	6.75	3.65	5.27	5.53	6.75	—	—	—
	-2.81	-4.87	-1.78	0.46	-4.67	-1.26	-2.82	-2.15	-1.92	—
	0.00	0.00	0.00	0.00	0.00	0.28	0.00	—	—	—
	-2.81	-4.87	-1.78	0.46	-4.67	-0.98	-2.82	-2.15	-1.92	—
	0.05	0.56	0.11	0.09	0.10	0.02	0.11	0.02	0.02	—
	-2.86	-5.42	-1.89	0.38	-4.76	-1.00	-2.85	-2.17	-1.94	—
	-0.93	-1.85	-0.62	0.12	-1.55	-0.34	-0.62	-0.85	-0.78	—
Key metrics
	4.31	3.25	5.03	4.62	-1.24	3.09	3.99	1.63	1.72	—
	36.60%	26.00%	41.10%	68.50%	-29.20%	34.40%	32.60%	22.50%	20.50%	—
	-24.30%	-43.40%	-15.40%	5.60%	-112.00%	-11.10%	-23.30%	-29.90%	-23.10%	—
	—	-1.80%	—	0.60%	—	-0.20%	—	—	—	—
	177.40%	39.10%	0.00%	-7.20%	-49.30%	—	—	—	—	—
	39.90%	-442.00%	33.70%	117.50%	-145.40%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	43.25	35.73	32.75	—
	3.80	4.41	0.46	—
	47.04	40.14	33.21	—
	56.04	50.99	41.38	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	4.50	4.50	3.81	—
	5.46	4.43	1.84	—
	20.75	18.10	13.51	—
	25.32	23.96	22.21	—
	-9.00	-10.85	-8.16	—
	0.00	0.00	0.28	—
	-9.00	-10.85	-7.88	—
	0.81	0.85	0.08	—
	-9.79	-11.70	-7.96	—
	-3.28	-3.81	-3.00	—
Key metrics
	17.21	11.68	7.47	—
	39.79%	32.70%	22.80%	—
	-22.64%	-32.70%	-24.30%	—
	—	-3.60%	-4.30%	—
	32.18%	9.10%	—	—
	—	-47.00%	—	—
	—	-65.73	-11.07	—
	—	-0.73	0.05	—
	—	0.46	0.11	—
	—	56.76	13.32	—
	—	91.8	89.7	—
Balance sheet
	—	205.07	168.72	—
	—	28.90	50.73	—
	—	2.41	1.64	—
	—	8.37	5.29	—
	—	9.22	8.61	—
	—	—	0.70	—
	—	172.03	113.55	—
	—	8.60	5.86	—
	—	27.33	27.90	—
	—	59.17	14.96	—
	—	10.57	14.96	—
	—	48.60	0.00	—
	—	127.94	139.01	—
Cash flow
	—	8.55	-0.40	—
	—	-69.42	-10.31	—
	—	37.83	40.27	—
	—	74.28	10.67	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +32.18%
Profit YoY (TTM): +9.18%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +32.18%
Profit YoY (TTM): -5.44%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 30.34%

Holder	Type	Holding	Previous	Change
SUSHMA ASHOK GARWARE	Promoter Group	7.89%	—	—
GARWARE MARINE INDUSTRIES LTD.	Promoter Group	4.72%	—	—
UNIVERSAL INVESTMENT SERVICES PVT. LTD.	Promoter Group	4.68%	—	—
RONDOR OVERSEAS LTD	Promoter Group	3.87%	—	—
ADITYA ASHOK GARWARE	Promoter	3.75%	—	—
SHRI KRISHNA WELFARE TRUST	Public	2.48%	—	—
KEMPER PROPERTIES HOLDINGS PVT LTD	Public	2.14%	—	—
MANOJ MITTAL	Public	2.04%	—	—
RAMESH SINGHAL	Public	1.98%	—	—
TECKNOPOINT MERCANTILE CO PRIVATE LIMITED	Public	1.98%	—	—
ADSU TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Promoter Group	1.71%	—	—
MAUVE TRADING COMPANY PVT LTD	Promoter Group	1.20%	—	—
DSG SHIP SERVICES PVT LTD	Public	1.12%	—	—
SHESU TRADING AND INVESTMENT COMPANY PVT LTD	Promoter Group	1.07%	—	—
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINITRY OF CORPORATE AFFAIRS	Public	1.01%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Great Eastern Shipping Co. Ltd.	23,128	1,573.70	6.00	17.50%	+23.87% TTM	+83.96% TTM	+49.19%
Shreeji Shipping Global Limited	14,209	872.15	88.93	24.60%	—	—	+223.02%
Shipping Corporation Of India Ltd	12,488	268.10	7.72	14.10%	+16.69% TTM	+78.54% TTM	+7.18%
Seamec Ltd	3,935	1,547.65	11.74	18.70%	+73.31% TTM	+281.65% TTM	+78.93%
TRANSWORLD SHIPPING LINES LIMITED	355	161.75	-10.29	-4.90%	+4.06% TTM	-243.33% TTM	-34.26%
Essar Shipping Ltd	352	17.01	1.97	3.30%	+100.09% TTM	+156.21% TTM	-52.92%
GARWARE OFFSHORE SERVICES LIMITED	125	40.73	-12.28	-2.30%	+32.18% TTM	-5.44% TTM	-42.26%
Chowgule Steamships Ltd. S	73	20.10	314.83	2.40%	-13.85% TTM	-116.85% TTM	-14.65%
FLY-HI MARITIME TRAVELS LIMITED	51	35.90	—	—	—	—	—
DATIWARE MARITIME INFRA LIMITED S	17	34.47	-54.71	0.80%	+42.42% TTM	+37.25% TTM	+67.66%
Shahi Shipping Limited S	15	10.50	-7.34	-19.30%	-41.37% TTM	+31.58% TTM	-29.29%

Filings & corporate actions

Recent announcements

Garware Offshore Services Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Pursuant to Regulation ....28 Oct 2026 · Board Meeting / Board Meeting
This is further to the Corporate Announcement made by the Company on September 30, 2026, informing the Stock Exchange that the Company had, through its advocates, issued a Notice under ....27 Oct 2026 · Company Update / General
Pursuant to Regulation 74 (5) of SEBI ( Depositories and Participants) Regulations, 2018 enclosed please find copy of Certificate dated 08.10.2026 issued by our Registrar and Transfer Agent, ....9 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1. In view of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby inform you that Afcons Infrastructure Limited - a company listed with ....30 Sep 2026 · Company Update / General
We enclose herewith Report of the Scrutinizer (Form No.MGT-13) issued by M/s. Taher Sapatwala & Associates, Practicing Company Secretary in connection with the remote e-voting and voting ....24 Sep 2026 · AGM/EGM / AGM
Outcome and Proceeding of the Annual General Meeting held on Thursday, 24th September, 2026 at 11.30 a.m.24 Sep 2026 · AGM/EGM / AGM
Pursuant to Regulation 34(1)(a) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 , please find enclosed Annual Report for the year 2025-26 (including Notice ....1 Sep 2026 · Others / Reg. 34 (1) Annual Report
This is to inform that BSE Limited vide e-LETTER No. LOD/PREF/JW/304/2026-2027 dated August 21, 2026 has granted Trading approval for 27,000 Equity Shares of Rs. 10/- each issued at a premium ....24 Aug 2026 · Company Update / Preferential Issue
Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and further to our letter No.GOSL/2026/029 dated June 17, 2026 informing you about ....18 Aug 2026 · Company Update / General
Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby intimate that the Company has received letter No. LOD/PREF/AA/FIP/630/2026-27 ....12 Aug 2026 · Company Update / Preferential Issue
This is to inform that at the meeting of the Board of Directors of the Company held today, the following items were considered and approved. 1] Pursuant to provisions of SEBI (Listing ....10 Aug 2026 · Board Meeting / Outcome of Board Meeting
Garware Offshore Services Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve Pursuant to Regulation ....3 Aug 2026 · Board Meeting / Board Meeting
Pursuant to Regulation 74 (5) of SEBI (Depositories and Participants) Regulations, 2018 enclosed please find copy of Certificate dated 08.07.2026 issued by our Registrar and Transfer Agents, ....8 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please note that the Shares / Warrants Allotment Committee at its Meeting held today i.e. June 25, 2026 allotted 27,000 Equity Shares upon conversion of Warrants to Non-Promoters. Consequent ....25 Jun 2026 · Company Update / Preferential Issue
This is to inform that vide Circular Resolution passed by the Board of Directors today i. e. 19.06.2026, the Registered Office of the Company has been changed to A-304, Naman Midtown, Senapati ....19 Jun 2026 · Company Update / Change in Registered Office Address
Pursuant to Regulation 30 of the SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received Letter of Award (LOA) for ....17 Jun 2026 · Company Update / General
This is further to our communication dated May 25, 2026, regarding receipt of an invitation by the Company for an "Exclusive Conference" which will be jointly hosted by the Ashika Group ....2 Jun 2026 · Company Update / General
We refer to Regulation 24A of SEBI (Listing and Disclosure Requirements) Regulations, 2015 as amended read with SEBI''S Circular No. CIR/CFD/CMD1/27/2019 dated 8th February, 2019 and enclose ....28 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
This is to inform that at the meeting of the Board of Directors of the Company held today the following items were considered and approved. 1] Audited Standalone and Consolidated ....28 May 2026 · Board Meeting / Outcome of Board Meeting
This is to inform that the Company has received an invitation for an "Exclusive Conference which will be jointly hosted by the Ashika Group and CNI Infoxchange offering an opportunity to ....25 May 2026 · Company Update / General
Garware Offshore Services Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve Pursuant to Regulation ....20 May 2026 · Board Meeting / Board Meeting
Please note the following change w.e.f. 16.04.2026 in Scrip ID / Abbreviated name on BOLT Plus System, consequent to the change of Name of the Company. 1. Scrip Code :- 501848 2. Existing ....10 Apr 2026 · Company Update / General
Pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 enclosed please find copy of Certificate dated 09.04.2026 issued by our Registrar and Transfer Agent, ....10 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please note that any and all information which may be considered material / price sensitive is always provided to the Stock Exchange in a timely manner. In any case, in our opinion, there ....9 Apr 2026 · Company Update / General
The Exchange has sought clarification from Global Offshore Services Ltd on April 8, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant ....8 Apr 2026 · Company Update / Clarification
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that Government of India, Ministry ....18 Feb 2026 · Company Update / Change of Name
This is to inform that at the meeting of the Board of Directors of the Company held today, the following items were considered and approved. 1] Pursuant to provisions of SEBI (Listing ....12 Feb 2026 · Board Meeting / Outcome of Board Meeting
We enclose herewith Report of the Scrutinizer dated 06th February, 2026 (Form No. MGT - 13 ) issued by M/S Taher Sapatwala & Associates, Practicing Company Secretary in connection with ....6 Feb 2026 · AGM/EGM / Postal Ballot
Global Offshore Services Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2026 ,inter alia, to consider and approve Pursuant to Regulation ....4 Feb 2026 · Board Meeting / Board Meeting
Pursuant to Reg. 30 of SEBI (LODR) Regulations, 2015, we hereby intimate that we have received an In-principle approval from BSE Limited for change of name of the Company from "Global ....20 Jan 2026 · Company Update / Change of Name
Pursuant to Regulation 75 (5) of SEBI (Depositories and Participants) Regulations, 2018 enclosed please find copy of Certificate dated 13.01.2026 issued by our Registrar and Transfer Agents, ....14 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to Provisions of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we enclose herewith a copy of Postal Ballot Notice dated 31.12.2025 dispatched to the ....6 Jan 2026 · AGM/EGM / Postal Ballot
This is to inform that at the meeting of the Board of Directors of the Company held today, the following matters were considered and approved: 1] Subject to the approval of the Shareholders, ....18 Dec 2025 · Company Update / General
We enclosed herewith Report of the Scrutinizer dated 17th December, 2025 (Form No. MGT-13) issued by M/S Taher Sapatwala & Associates, Practicing Company Secretary in connection with the ....17 Dec 2025 · AGM/EGM / Postal Ballot
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, one of the Company''s ....1 Dec 2025 · Company Update / General
Pursuant to Provisions of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 , we enclose herewith a copy of Postal Ballot Notice dated 20.10.2025 dispatched to the ....17 Nov 2025 · AGM/EGM / Postal Ballot
This is to inform that at the meeting of the Board of Directors of the Company held today, the following items were considered and approved. 1] We enclose the copy of Un-audited Financial ....28 Oct 2025 · Board Meeting / Outcome of Board Meeting
Further to our letter no.GOSL/2025/069 dated 27.06.2025 on the issue of a Court Order concerning the enforcement of an invalid and expired Guarantee against the Company, the application ....23 Oct 2025 · Company Update / General
Global Offshore Services Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2025 ,inter alia, to consider and approve Pursuant to Regulation ....20 Oct 2025 · Board Meeting / Board Meeting
This is to inform that BSE Limited vide letter No. LOD/PREF/SV/123/2025-2026 dated October 10, 2025 has granted Trading approval for 35,000 Equity Shares of Rs. 10/- each issued at a premium ....13 Oct 2025 · Company Update / Preferential Issue

Board meetings

5 Nov 2026 Board Meeting - Financial Results
10 Aug 2026 Board Meeting - Financial Results