About Garware Offshore Services
Garware Offshore Services is a publicly listed company based in Mumbai (India) founded in 1976. Offshore support services are delivered to oil and gas exploration. The company has 16 employees. Its Indian entity Garware Offshore Services Limited reported revenue of ₹43.27 Cr.
Company details
Founded in 1976, Garware Offshore Services operates in the marine sector from Mumbai, India. Support vessels and logistics are provided for offshore oil and gas activities, including exploration and production support. Operations focus on the Indian continental shelf, with services encompassing crew transport, supply chain management, and maintenance assistance. The company is led by Managing Director Aditya A Garware.
- Headquarters Mumbai, India
- Employees 16
- Stage Public
- Website garwareoffshore.com
- Social LinkedIn
- Legal Name Global Offshore Services Limited
- Date of Incorporation 20 Sep, 1976
- Jurisdiction Mumbai, Maharashtra, India
- Market Cap₹108 Cr
GARWAOFFS · BSE
- Share Price₹35.01
-0.37% today
- Revenue₹35.72 Cr
FY 2025-26 · +9.1% YoY
- EBITDA₹6.54 Cr
Margin 18.3%
- Net Profit−₹15.02 Cr
FY 2025-26 · -61.7% YoY
- Employee Count16
Associated legal entities of Garware Offshore Services
Garware Offshore Services operates through Garware Offshore Services Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Garware Offshore Services Limited Listed CIN L61100MH1976PLC019229 | Active | 20 Sep 1976 | Mumbai, Maharashtra | ₹43.3 Cr | 16 | 8 | View details |
Board of directors of Garware Offshore Services Limited (Garware Offshore Services)
Garware Offshore Services Limited is the primary company behind Garware Offshore Services. The board of Garware Offshore Services Limited currently have 6 directors; the longest-serving is Maneesha Shatul Shah, appointed in 1992. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maneesha Shatul Shah DIN 00019794 | Director | 30 Nov 1992 | 33 yrs 10 mo | Garware Offshore Services Limited |
| Aditya Ashok Garware DIN 00019816 | Director | 31 May 1993 | 33 yrs 4 mo | Garware Offshore Services Limited |
| Mukund Madhav Honkan DIN 08392886 | Whole-time director | 01 Apr 2019 | 7 yrs 6 mo | Garware Offshore Services Limited |
| Faisy Viju DIN 06904661 | Director | 10 Jan 2020 | 6 yrs 9 mo | Garware Offshore Services Limited |
| Jisupriya Madhablal Guhathakurta DIN 10306595 | Director | 05 Feb 2024 | 2 yrs 8 mo | Garware Offshore Services Limited |
| Smita Durgadatt Gaur DIN 10564597 | Director | 29 Mar 2024 | 2 yrs 6 mo | Garware Offshore Services Limited |
People of Garware Offshore Services
1 people are tracked at Garware Offshore Services (1 in leadership); the tracked headcount is 16.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for Garware Offshore Services
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Garware Offshore Services
Garware Offshore Services is a publicly listed company on the BSE with ticker symbol GARWAOFFS in India, operating in the Shipping sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date08 Apr 1981
- Listed onBSE: 501848
- Listed entityGarware Offshore Services Limited
- Exchange sectorShipping
Financials of Garware Offshore Services
Exchange-reported figures of Garware Offshore Services Limited, the listed company behind Garware Offshore Services (BSE: GARWAOFFS).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 35.72 | 32.75 | 39.21 | 51.01 | 64.97 | 77.67 | 122 |
| Revenue growth | +9.1% | -16.5% | -23.1% | -21.5% | -16.4% | -36.3% | - |
| EBITDA | 6.54 | 4.71 | (4.22) | (215) | (12.96) | (7.83) | (308) |
| EBITDA margin | +18.3% | +14.4% | -10.8% | -422.0% | -20.0% | -10.1% | -252.6% |
| Profit before tax | (8.45) | 3.73 | 39.65 | 384 | (70.75) | 330 | (8.98) |
| Net profit | (15.02) | (9.29) | (17.51) | (121) | (46.53) | (171) | (102) |
| Net profit margin | -42.1% | -28.4% | -44.7% | -237.6% | -71.6% | -220.6% | -83.8% |
| EPS (₹) | (3.02) | 1.19 | 14.49 | 127.65 | (25.16) | 88.20 | (14.09) |
| Balance sheet | |||||||
| Total assets | 189 | 164 | 120 | 175 | 353 | 412 | 437 |
| Net worth | 125 | 134 | 82.39 | 47.48 | (255) | (187) | (413) |
| Total debt | 64.50 | 29.55 | 37.37 | 157 | 699 | 678 | 1,043 |
| Cash & bank | 9.32 | 40.56 | 5.32 | 6.51 | 10.62 | 7.18 | 12.26 |
| Net working capital | 13.30 | 42.86 | (0.84) | (19.45) | (143) | (111) | (81.93) |
| Cash flow | |||||||
| Cash from operations | 7.62 | 9.41 | 11.78 | 8.12 | 18.25 | 22.60 | 16.19 |
| Cash from investing | (72.32) | (10.93) | 81.42 | 64.61 | (5.79) | (9.54) | 47.26 |
| Cash from financing | 33.46 | 38.85 | (94.39) | (76.84) | (9.02) | (18.15) | (72.68) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.79 | 12.48 | 12.24 | 6.74 | 4.25 | 8.97 | 8.13 | 7.26 |
| Revenue growth (YoY) | +177.4% | +39.1% | +50.6% | -7.2% | -49.3% | - | - | - |
| Other income | 0.17 | 0.38 | 0.52 | 2.54 | 4.11 | 0.83 | 12.42 | 0.16 |
| EBITDA | 4.14 | 2.73 | 4.39 | 1.89 | (2.48) | 1.43 | 1.07 | 1.58 |
| EBITDA margin | +35.1% | +21.9% | +35.9% | +28.0% | -58.4% | +15.9% | +13.2% | +21.8% |
| Depreciation | 5.61 | 6.51 | 5.08 | 3.55 | 2.95 | 3.44 | 3.49 | 3.41 |
| Interest | 1.51 | 1.62 | 1.73 | 0.61 | 0.48 | 0.65 | 0.40 | 0.39 |
| Profit before tax | (2.81) | (5.02) | (1.90) | 0.27 | (1.80) | (1.83) | 9.60 | (2.06) |
| Tax | 0.05 | 0.56 | 0.11 | 0.09 | 0.10 | 0.02 | 0.03 | 0.02 |
| Net profit | (2.86) | (5.58) | (2.01) | 0.18 | (1.90) | (1.85) | 9.57 | (2.08) |
| EPS (₹) | (0.93) | (1.90) | (0.65) | 0.06 | (0.62) | (0.63) | 3.66 | (0.82) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 35.72 | 32.75 | 29.96 | 29.61 | 47.35 | 61.20 | 70.80 |
| Revenue growth | +9.1% | +9.3% | +1.2% | -37.5% | -22.6% | -13.6% | - |
| EBITDA | 7.26 | 6.89 | (112) | (214) | (15.22) | 15.51 | (18.70) |
| EBITDA margin | +20.3% | +21.0% | -374.9% | -723.8% | -32.1% | +25.3% | -26.4% |
| Profit before tax | (10.86) | (7.89) | (119) | 173 | (61.76) | (16.67) | (66.70) |
| Net profit | (11.71) | (8.25) | (6.94) | (45.00) | (46.13) | (29.04) | (24.09) |
| Net profit margin | -32.8% | -25.2% | -23.2% | -152.0% | -97.4% | -47.5% | -34.0% |
| EPS (₹) | (3.81) | (2.60) | (48.91) | 69.55 | (25.09) | (6.96) | (26.22) |
| Balance sheet | |||||||
| Total assets | 189 | 156 | 123 | 259 | 456 | 507 | 544 |
| Net worth | 128 | 139 | 98.63 | 220 | 47.61 | 110 | 127 |
| Total debt | 60.88 | 17.26 | 23.98 | 39.14 | 408 | 397 | 417 |
| Cash & bank | 9.05 | 32.08 | 5.31 | 6.25 | 10.54 | 6.93 | 11.43 |
| Net working capital | 12.75 | 35.50 | 2.02 | 16.40 | (88.45) | (61.03) | (22.48) |
| Cash flow | |||||||
| Cash from operations | 8.55 | (0.40) | 12.53 | (1.01) | 10.74 | 11.04 | 24.57 |
| Cash from investing | (69.42) | (11.01) | 11.97 | 66.02 | (4.73) | (3.58) | (12.25) |
| Cash from financing | 37.83 | 40.27 | (25.44) | (69.29) | (2.40) | (11.96) | (6.97) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.79 | 12.48 | 12.24 | 6.74 | 4.25 | 8.97 | 8.13 | 7.26 |
| Revenue growth (YoY) | +177.4% | +39.1% | +50.6% | -7.2% | -49.3% | - | - | - |
| Other income | 0.17 | 0.31 | 0.61 | 2.71 | 0.79 | 0.60 | 0.05 | 0.05 |
| Total expenses | 7.64 | 9.53 | 7.83 | 4.82 | 6.27 | 6.49 | 7.14 | 5.69 |
| EBITDA | 4.15 | 2.95 | 4.41 | 1.92 | (2.02) | 2.48 | 0.99 | 1.57 |
| EBITDA margin | +35.2% | +23.6% | +36.0% | +28.5% | -47.5% | +27.6% | +12.2% | +21.6% |
| Depreciation | 5.61 | 6.51 | 5.08 | 3.55 | 2.95 | 3.44 | 3.49 | 3.41 |
| Interest | 1.51 | 1.61 | 1.73 | 0.61 | 0.48 | 0.63 | 0.37 | 0.37 |
| Profit before tax | (2.80) | (4.86) | (1.79) | 0.47 | (4.66) | (0.99) | (2.82) | (2.16) |
| Tax | 0.05 | 0.56 | 0.11 | 0.09 | 0.10 | 0.02 | 0.03 | 0.02 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.79 | 12.48 | 12.24 | 6.74 | 4.25 | 8.97 | 8.13 | 7.26 |
| Revenue growth (YoY) | +177.4% | +39.1% | +50.6% | -7.2% | -49.3% | - | - | - |
| Other income | 0.17 | 0.38 | 0.52 | 2.54 | 4.11 | 0.83 | 12.42 | 0.16 |
| EBITDA | 4.14 | 2.73 | 4.39 | 1.89 | (2.48) | 1.43 | 1.07 | 1.58 |
| EBITDA margin | +35.1% | +21.9% | +35.9% | +28.0% | -58.4% | +15.9% | +13.2% | +21.8% |
| Depreciation | 5.61 | 6.51 | 5.08 | 3.55 | 2.95 | 3.44 | 3.49 | 3.41 |
| Interest | 1.51 | 1.62 | 1.73 | 0.61 | 0.48 | 0.65 | 0.40 | 0.39 |
| Profit before tax | (2.81) | (5.02) | (1.90) | 0.27 | (1.80) | (1.83) | 9.60 | (2.06) |
| Tax | 0.05 | 0.56 | 0.11 | 0.09 | 0.10 | 0.02 | 0.03 | 0.02 |
| Net profit | (2.86) | (5.58) | (2.01) | 0.18 | (1.90) | (1.85) | 9.57 | (2.08) |
| EPS (₹) | (0.93) | (1.90) | (0.65) | 0.06 | (0.62) | (0.63) | 3.66 | (0.82) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 35.72 | 32.75 | 39.21 | 51.01 | 64.97 | 77.67 | 122 |
| Revenue growth | +9.1% | -16.5% | -23.1% | -21.5% | -16.4% | -36.3% | - |
| Other income | 7.55 | 14.63 | 64.68 | 639 | 1.40 | 391 | 403 |
| Total expenses | 29.18 | 28.04 | 43.43 | 266 | 77.93 | 85.50 | 430 |
| Employee cost | 0.00 | 3.81 | 5.12 | 4.95 | 26.11 | 31.38 | 37.77 |
| EBITDA | 6.54 | 4.71 | (4.22) | (215) | (12.96) | (7.83) | (308) |
| EBITDA margin | +18.3% | +14.4% | -10.8% | -422.0% | -20.0% | -10.1% | -252.6% |
| Depreciation | 18.10 | 13.51 | 14.67 | 31.15 | 35.10 | 30.49 | 30.77 |
| Interest | 4.44 | 2.10 | 6.14 | 8.89 | 24.09 | 22.94 | 73.65 |
| Profit before tax | (8.45) | 3.73 | 39.65 | 384 | (70.75) | 330 | (8.98) |
| Tax | 0.85 | 0.08 | 1.98 | 1.36 | 0.29 | 0.59 | (1.85) |
| Net profit | (15.02) | (9.29) | (17.51) | (121) | (46.53) | (171) | (102) |
| Net profit margin | -42.1% | -28.4% | -44.7% | -237.6% | -71.6% | -220.6% | -83.8% |
| EPS (₹) | (3.02) | 1.19 | 14.49 | 127.65 | (25.16) | 88.20 | (14.09) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 30.74 | 30.64 | 24.73 | 24.73 | 24.73 | 24.73 | 24.73 |
| Reserves & surplus | 94.12 | 103 | 57.66 | 22.75 | (280) | (212) | (438) |
| Shareholders' funds (net worth) | 125 | 134 | 82.39 | 47.48 | (255) | (187) | (413) |
| Minority interest | 0.00 | 0.00 | 0.00 | (29.45) | (90.25) | (78.61) | (193) |
| Secured loans | 57.96 | 0.00 | 0.97 | 73.00 | 541 | 536 | 985 |
| Unsecured loans | 6.54 | 29.55 | 36.40 | 83.60 | 158 | 141 | 57.92 |
| Total debt | 64.50 | 29.55 | 37.37 | 157 | 699 | 678 | 1,043 |
| Total liabilities | 189 | 164 | 120 | 175 | 353 | 412 | 437 |
| Assets | |||||||
| Gross block | 281 | 212 | 203 | 606 | 977 | 959 | 934 |
| Net block | 173 | 116 | 120 | 194 | 495 | 522 | 514 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.30 | 0.36 | 0.14 | 0.08 | 0.15 | 0.06 | 0.03 |
| Inventories | 9.22 | 8.61 | 9.57 | 15.29 | 18.69 | 20.03 | 45.03 |
| Sundry debtors | 8.37 | 5.29 | 4.59 | 10.77 | 12.93 | 21.80 | 27.47 |
| Cash & bank balances | 9.32 | 40.56 | 5.32 | 6.51 | 10.62 | 7.18 | 12.26 |
| Loans & advances | 3.12 | 3.88 | 2.66 | 23.05 | 7.60 | 7.29 | 25.48 |
| Total current assets | 30.03 | 58.34 | 22.14 | 55.62 | 49.84 | 56.30 | 110 |
| Total current liabilities | 16.73 | 15.48 | 22.98 | 75.07 | 193 | 167 | 192 |
| Net working capital | 13.30 | 42.86 | (0.84) | (19.45) | (143) | (111) | (81.93) |
| Total assets | 189 | 164 | 120 | 175 | 353 | 412 | 437 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 40.56 | 3.23 | 6.51 | 10.62 | 7.18 | 12.26 | 21.49 |
| Net cash from operating activities | 7.62 | 9.41 | 11.78 | 8.12 | 18.25 | 22.60 | 16.19 |
| Net cash from investing activities | (72.32) | (10.93) | 81.42 | 64.61 | (5.79) | (9.54) | 47.26 |
| Net cash from financing activities | 33.46 | 38.85 | (94.39) | (76.84) | (9.02) | (18.15) | (72.68) |
| Net change in cash | (31.24) | 37.33 | (1.19) | (4.11) | 3.44 | (5.08) | (9.23) |
| Closing cash | 9.32 | 40.56 | 5.32 | 6.51 | 10.62 | 7.18 | 12.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.1% | -16.5% | -23.1% | -21.5% | -16.4% | -36.3% | - |
| EBITDA growth | +38.9% | +211.6% | +98.0% | -1560.8% | -65.5% | +97.5% | - |
| PBT growth | - | -90.6% | -89.7% | +9998.0% | - | +9998.0% | +98.7% |
| Net income growth | -61.7% | +46.9% | +85.6% | -160.5% | +72.8% | -67.6% | - |
| Revenue CAGR (3Y) | -11.2% | -20.4% | -20.4% | -25.2% | -20.2% | -17.0% | -9.0% |
| EBITDA CAGR (3Y) | - | - | -18.6% | -11.3% | -71.8% | -63.7% | +90.7% |
| Profitability & leverage | |||||||
| Net income margin | -26.0% | +11.2% | +96.1% | +750.0% | -109.3% | +423.6% | -5.9% |
| Return on capital employed | - | -2.1% | -2.2% | -10.3% | 0.0% | -4.7% | 0.0% |
| Return on net worth | - | -3.1% | -5.8% | -3308.7% | 0.0% | +89.0% | 0.0% |
| Debt / equity | - | 0.31 | 1.49 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.10 | 0.62 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -38.41 | -23.86 | -32.50 | -3.61 | -50.12 | -59.86 | -21.74 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.16 | 0.10 | 0.06 | 0.07 | 0.08 | 0.10 |
| Inventory turnover | - | 3.60 | 3.15 | 3.00 | 3.36 | 2.39 | 2.66 |
| Debtors turnover | - | 6.63 | 5.11 | 4.30 | 3.74 | 3.15 | 5.29 |
| EPS (₹) | (3.02) | 1.19 | 14.49 | 127.65 | (25.16) | 88.20 | (14.09) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 43.66 | 33.32 | 19.20 | (103.28) | (75.66) | (167.17) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.79 | 12.48 | 12.24 | 6.74 | 4.25 | 8.97 | 8.13 | 7.26 |
| Revenue growth (YoY) | +177.4% | +39.1% | +50.6% | -7.2% | -49.3% | - | - | - |
| Other income | 0.17 | 0.31 | 0.61 | 2.71 | 0.79 | 0.60 | 0.05 | 0.05 |
| Total expenses | 7.64 | 9.53 | 7.83 | 4.82 | 6.27 | 6.49 | 7.14 | 5.69 |
| EBITDA | 4.15 | 2.95 | 4.41 | 1.92 | (2.02) | 2.48 | 0.99 | 1.57 |
| EBITDA margin | +35.2% | +23.6% | +36.0% | +28.5% | -47.5% | +27.6% | +12.2% | +21.6% |
| Depreciation | 5.61 | 6.51 | 5.08 | 3.55 | 2.95 | 3.44 | 3.49 | 3.41 |
| Interest | 1.51 | 1.61 | 1.73 | 0.61 | 0.48 | 0.63 | 0.37 | 0.37 |
| Profit before tax | (2.80) | (4.86) | (1.79) | 0.47 | (4.66) | (0.99) | (2.82) | (2.16) |
| Tax | 0.05 | 0.56 | 0.11 | 0.09 | 0.10 | 0.02 | 0.03 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 35.72 | 32.75 | 29.96 | 29.61 | 47.35 | 61.20 | 70.80 |
| Revenue growth | +9.1% | +9.3% | +1.2% | -37.5% | -22.6% | -13.6% | - |
| Other income | 4.41 | 0.74 | 7.69 | 415 | 0.42 | 12.30 | 0.92 |
| Total expenses | 28.46 | 25.86 | 142 | 244 | 62.57 | 45.69 | 89.50 |
| Employee cost | 0.00 | 3.81 | 4.29 | 4.51 | 20.27 | 20.16 | 20.61 |
| EBITDA | 7.26 | 6.89 | (112) | (214) | (15.22) | 15.51 | (18.70) |
| EBITDA margin | +20.3% | +21.0% | -374.9% | -723.8% | -32.1% | +25.3% | -26.4% |
| Depreciation | 18.10 | 13.51 | 12.27 | 24.14 | 28.24 | 26.41 | 24.32 |
| Interest | 4.43 | 2.01 | 2.07 | 3.23 | 18.72 | 18.07 | 24.60 |
| Profit before tax | (10.86) | (7.89) | (119) | 173 | (61.76) | (16.67) | (66.70) |
| Tax | 0.85 | 0.08 | 1.97 | 1.35 | 0.28 | 0.55 | (1.89) |
| Net profit | (11.71) | (8.25) | (6.94) | (45.00) | (46.13) | (29.04) | (24.09) |
| Net profit margin | -32.8% | -25.2% | -23.2% | -152.0% | -97.4% | -47.5% | -34.0% |
| EPS (₹) | (3.81) | (2.60) | (48.91) | 69.55 | (25.09) | (6.96) | (26.22) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 30.74 | 30.64 | 24.73 | 24.73 | 24.73 | 24.73 | 24.73 |
| Reserves & surplus | 97.20 | 108 | 73.90 | 195 | 22.88 | 84.82 | 102 |
| Shareholders' funds (net worth) | 128 | 139 | 98.63 | 220 | 47.61 | 110 | 127 |
| Secured loans | 57.96 | 0.00 | 0.00 | 13.20 | 395 | 384 | 404 |
| Unsecured loans | 2.92 | 17.26 | 23.98 | 25.94 | 13.16 | 12.73 | 13.05 |
| Total debt | 60.88 | 17.26 | 23.98 | 39.14 | 408 | 397 | 417 |
| Total liabilities | 189 | 156 | 123 | 259 | 456 | 507 | 544 |
| Assets | |||||||
| Gross block | 282 | 206 | 197 | 194 | 597 | 592 | 564 |
| Net block | 173 | 116 | 120 | 129 | 429 | 453 | 451 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.30 | 0.36 | 0.14 | 113 | 113 | 113 | 113 |
| Inventories | 9.22 | 8.61 | 9.57 | 11.10 | 14.45 | 16.59 | 38.42 |
| Sundry debtors | 8.37 | 5.29 | 4.59 | 3.61 | 8.49 | 15.46 | 13.50 |
| Cash & bank balances | 9.05 | 32.08 | 5.31 | 6.25 | 10.54 | 6.93 | 11.43 |
| Loans & advances | 2.25 | 1.95 | 1.34 | 21.47 | 6.32 | 5.83 | 7.84 |
| Total current assets | 28.89 | 47.93 | 20.81 | 42.43 | 39.80 | 44.81 | 71.19 |
| Total current liabilities | 16.14 | 12.43 | 18.79 | 26.03 | 128 | 106 | 93.67 |
| Net working capital | 12.75 | 35.50 | 2.02 | 16.40 | (88.45) | (61.03) | (22.48) |
| Total assets | 189 | 156 | 123 | 259 | 456 | 507 | 544 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 32.08 | 3.23 | 6.25 | 10.54 | 6.93 | 11.43 | 6.08 |
| Net cash from operating activities | 8.55 | (0.40) | 12.53 | (1.01) | 10.74 | 11.04 | 24.57 |
| Net cash from investing activities | (69.42) | (11.01) | 11.97 | 66.02 | (4.73) | (3.58) | (12.25) |
| Net cash from financing activities | 37.83 | 40.27 | (25.44) | (69.29) | (2.40) | (11.96) | (6.97) |
| Net change in cash | (23.03) | 28.86 | (0.94) | (4.28) | 3.61 | (4.50) | 5.35 |
| Closing cash | 9.05 | 32.08 | 5.31 | 6.25 | 10.54 | 6.93 | 11.43 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.1% | +9.3% | +1.2% | -37.5% | -22.6% | -13.6% | - |
| EBITDA growth | +5.4% | +106.1% | +47.6% | -1308.2% | -198.1% | +182.9% | - |
| PBT growth | -37.6% | +93.4% | - | +9998.0% | -270.5% | +75.0% | +7.0% |
| Net income growth | -41.9% | -18.9% | +84.6% | +2.5% | -58.9% | -20.6% | - |
| Revenue CAGR (3Y) | +6.5% | -11.6% | -21.2% | -25.2% | -9.9% | -7.1% | -10.4% |
| EBITDA CAGR (3Y) | - | - | - | +125.5% | -11.3% | - | - |
| Profitability & leverage | |||||||
| Net income margin | -32.8% | -24.3% | -403.7% | +580.9% | -131.0% | -28.1% | -91.5% |
| Return on capital employed | - | 0.0% | 0.0% | -10.6% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | 0.0% | 0.0% | -28.2% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.17 | 0.20 | 1.67 | 5.12 | 3.45 | 2.53 |
| Long-term debt / equity | - | 0.02 | 0.02 | 0.11 | 0.59 | 0.84 | 0.95 |
| Interest cover | -40.87 | -30.36 | -1.66 | -1.35 | -43.07 | -165.78 | -57.18 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.16 | 0.15 | 0.07 | 0.08 | 0.11 | 0.13 |
| Inventory turnover | - | 3.60 | 2.90 | 2.32 | 3.05 | 2.23 | 1.80 |
| Debtors turnover | - | 6.63 | 7.31 | 4.89 | 3.95 | 4.23 | 5.87 |
| EPS (₹) | (3.81) | (2.60) | (48.91) | 69.55 | (25.09) | (6.96) | (26.22) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 45.27 | 39.88 | 88.79 | 19.25 | 44.30 | 51.26 |
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Frequently Asked Questions about Garware Offshore Services
Garware Offshore Services was founded in 1976.
Garware Offshore Services is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Garware Offshore Services has 16 employees.
The primary company behind Garware Offshore Services, Garware Offshore Services Limited, reported revenue of ₹43.27 Cr for FY 2026, up 9% year on year.
Founded in 1976, Garware Offshore Services operates in the marine sector from Mumbai, India. Support vessels and logistics are provided for offshore oil and gas activities, including exploration and production support. Operations focus on the Indian continental shelf, with services encompassing crew transport, supply chain management, and maintenance assistance. The company is led by Managing Director Aditya A Garware.
Yes, Garware Offshore Services is publicly traded on BSE under the ticker symbol GARWAOFFS.
Garware Offshore Services operates through Garware Offshore Services Limited.
The legal entities of Garware Offshore Services currently have 8 directors, including Maneesha Shatul Shah, Aditya Ashok Garware, Ashesh Chandrakant Chandarana and others.