About Garware Offshore Services Limited
Data last updated: 14 July 2026
Garware Offshore Services Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in shipping and maritime services, a part of the broader transport and logistics sector. Incorporated on 20 September 1976, the company has been in operation for over 50 years.
Registered with ROC Mumbai under CIN L61100MH1976PLC019229. Listed on BSE: 501848 and NSE: GLOBOFFS.
Capital: an authorised share capital of ₹50 Cr and a paid-up capital of ₹30.77 Cr. Formerly known as Garware Offshore Services Limited and Garware Shipping Corporation Limited. It is led by directors including Maneesha Shatul Shah and Aditya Ashok Garware.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹35.72 Cr, a growth of 9.08% compared to the previous year. The net worth stands at ₹124.86 Cr (down 6.88% YoY). Total assets are valued at ₹206.2 Cr (up 15.12% YoY).
The company has a workforce of approximately 16 employees as per the latest available data.
The company is associated with 2 brands - Global Offshore Services, Garware Offshore Services. As per MCA filings, the company has open charges of ₹65.57 Cr and satisfied charges of ₹2,006.98 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website globaloffshore.in.
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Registered AddressUnit No. A – 304 3Rd Floor Naman Midtown, Senapati Bapat Marg Prabhadevi West, Mumbai, Maharashtra, India – 400013
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IndustryTransport and Logistics, Shipping & Maritime Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Garware Offshore Services Limited
Garware Offshore Services Limited has undergone 2 name changes throughout its history. The company was previously known as Garware Offshore Services Limited, and Garware Shipping Corporation Limited. The current legal name is Garware Offshore Services Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Garware Offshore Services Limited | Current |
| Garware Shipping Corporation Limited | Previous |
CIN History of Garware Offshore Services Limited
Garware Offshore Services Limited has one previous CIN (Corporate Identification Number): U61100MH1976PLC019229. The current CIN is L61100MH1976PLC019229, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L61100MH1976PLC019229 | Current |
| U61100MH1976PLC019229 | Previous |
Associated Brands with Garware Offshore Services Limited
Garware Offshore Services Limited operates two associated brands: Global Offshore Services and Garware Offshore Services. These brands represent Garware Offshore Services Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Interior, HVAC, electrical, and fire system contracting services are provided. | globaloffshore.in | |
| Offshore support services are delivered to oil and gas exploration. | garwareoffshore.com |
Business Activity of Garware Offshore Services Limited
Garware Offshore Services Limited is engaged in the principal business activity of support service to organizations, with detailed activities including other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details for Garware Offshore Services Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Garware Offshore Services Limited
Garware Offshore Services Limited is audited by MESSRS. D. KOTHARY & CO (ICAI peer reviewed, certificate valid till 2028-11-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| MESSRS. D. KOTHARY & CO (ICAI peer reviewed, certificate valid till 2028-11-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Garware Offshore Services Limited
Garware Offshore Services Limited is currently managed by 6 directors, with 18 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maneesha Shatul Shah | Director | 30 Nov 1992 | 33 Years 7 Months | Current |
| Aditya Ashok Garware | Director | 31 May 1993 | 33 Years 1 Months | Current |
| Mukund Madhav Honkan | Whole-Time Director | 01 Apr 2019 | 7 Years 3 Months | Current |
| Jisupriya Madhablal Guhathakurta | Director | 05 Feb 2024 | 2 Years 5 Months | Current |
|
Faisy Viju
Also directs:
Human Capital Accelerators Llp
|
Director | 10 Jan 2020 | 6 Years 6 Months | Current |
| Smita Durgadatt Gaur | Director | 29 Mar 2024 | 2 Years 3 Months | Current |
Financials of Garware Offshore Services Limited FY 2026 filings available
Garware Offshore Services Limited reported revenue of ₹35.72 Cr (up 9.08% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹35.72 Cr | ₹32.75 Cr | ₹39.21 Cr | ₹51.01 Cr | ₹64.97 Cr | ₹77.67 Cr | ₹121.94 Cr | ₹127.79 Cr |
| Other Income | ₹1.19 Cr | ₹52.57 Lakh | ₹7.68 Cr | ₹18.52 Lakh | ₹1.17 Cr | ₹82.83 Lakh | ₹2.61 Cr | ₹4.51 Cr |
| Total Income | ₹36.91 Cr | ₹33.28 Cr | ₹46.89 Cr | ₹51.2 Cr | ₹66.14 Cr | ₹78.5 Cr | ₹124.56 Cr | ₹132.3 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹4.5 Cr | ₹3.81 Cr | ₹5.12 Cr | ₹25.45 Cr | ₹26.11 Cr | ₹31.38 Cr | ₹37.77 Cr | ₹46.34 Cr |
| Finance Costs | ₹4.44 Cr | ₹1.93 Cr | ₹6 Cr | ₹8.71 Cr | ₹23.95 Cr | ₹22.69 Cr | ₹73.03 Cr | ₹80.02 Cr |
| Depreciation & Amortisation | ₹18.1 Cr | ₹13.51 Cr | ₹14.67 Cr | ₹31.15 Cr | ₹35.1 Cr | ₹30.49 Cr | ₹30.77 Cr | ₹59.44 Cr |
| Other Expenses | ₹24.68 Cr | ₹23.32 Cr | ₹35.39 Cr | ₹39.1 Cr | ₹35.8 Cr | ₹54.37 Cr | ₹60.23 Cr | ₹151.06 Cr |
| Total Expenses | ₹51.71 Cr | ₹42.56 Cr | ₹61.19 Cr | ₹104.41 Cr | ₹120.96 Cr | ₹138.93 Cr | ₹201.81 Cr | ₹336.85 Cr |
| Profit Before Exceptional Items & Tax | -₹14.8 Cr | -₹9.29 Cr | -₹14.3 Cr | -₹53.21 Cr | -₹54.82 Cr | -₹60.43 Cr | -₹77.26 Cr | -₹204.55 Cr |
| Exceptional Items | ₹6.36 Cr | ₹13.02 Cr | ₹53.94 Cr | ₹437.14 Cr | -₹15.93 Cr | ₹390 Cr | ₹68.27 Cr | -₹491.02 Cr |
| Profit Before Tax | -₹8.44 Cr | ₹3.73 Cr | ₹39.65 Cr | ₹383.93 Cr | -₹70.75 Cr | ₹329.57 Cr | -₹8.98 Cr | -₹695.57 Cr |
| Total Tax Expense | ₹85 Lakh | ₹8 Lakh | ₹1.98 Cr | ₹1.36 Cr | ₹28.77 Lakh | ₹58.97 Lakh | -₹1.85 Cr | ₹7 Lakh |
| Net Profit | -₹9.29 Cr | ₹7.15 Cr | ₹37.67 Cr | ₹382.57 Cr | -₹71.04 Cr | ₹328.98 Cr | -₹7.13 Cr | -₹695.64 Cr |
| attributable to Owners | -₹9.88 Cr | ₹3.65 Cr | ₹34.91 Cr | ₹302.88 Cr | ₹0 | ₹226.29 Cr | -₹69.37 Cr | -₹493.8 Cr |
| attributable to NCI | ₹0 | - | ₹1.43 Cr | ₹60.8 Cr | ₹0 | ₹114.53 Cr | ₹11.32 Cr | -₹201.84 Cr |
| Other Comprehensive Income | -₹59.53 Lakh | -₹14.93 Lakh | -₹1.34 Cr | -₹18.89 Cr | -₹9.02 Cr | ₹11.83 Cr | -₹50.92 Cr | ₹6.51 Cr |
| Total Comprehensive Income | -₹9.88 Cr | ₹7 Cr | ₹36.33 Cr | ₹363.68 Cr | -₹80.06 Cr | ₹340.82 Cr | -₹58.06 Cr | -₹689.12 Cr |
| EBITDA (computed) | ₹7.74 Cr | ₹6.15 Cr | ₹6.38 Cr | -₹13.35 Cr | ₹4.23 Cr | -₹7.25 Cr | ₹26.55 Cr | -₹65.1 Cr |
| Basic EPS | ₹-3.02 | ₹1.37 | ₹15.23 | ₹127.65 | ₹-25.16 | ₹88.20 | ₹-14.09 | ₹-199.69 |
| Diluted EPS | ₹-3.02 | ₹1.37 | ₹15.23 | ₹127.65 | ₹-25.16 | ₹88.20 | ₹-14.09 | ₹-199.69 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹206.2 Cr | ₹179.13 Cr | ₹142.76 Cr | ₹249.7 Cr | ₹546.41 Cr | ₹585.43 Cr | ₹985.5 Cr |
| Non-current Assets | ₹176.17 Cr | ₹118 Cr | ₹120.61 Cr | ₹194.08 Cr | ₹496.58 Cr | ₹523.38 Cr | ₹875.49 Cr |
| Current Assets | ₹30.03 Cr | ₹61.13 Cr | ₹22.14 Cr | ₹42.22 Cr | ₹49.83 Cr | ₹62.05 Cr | ₹110.01 Cr |
| Property, Plant & Equipment | ₹172.03 Cr | ₹113.55 Cr | ₹117.41 Cr | ₹193.87 Cr | ₹494.93 Cr | ₹521.8 Cr | ₹839.4 Cr |
| Inventories | ₹9.22 Cr | ₹8.61 Cr | ₹9.57 Cr | ₹15.29 Cr | ₹18.69 Cr | ₹20.03 Cr | ₹46.73 Cr |
| Trade Receivables | ₹8.37 Cr | ₹5.29 Cr | ₹4.59 Cr | ₹10.77 Cr | ₹12.93 Cr | ₹21.8 Cr | ₹18.63 Cr |
| Cash & Equivalents | ₹2.51 Cr | ₹1.68 Cr | ₹3.23 Cr | ₹42.16 Lakh | ₹10.38 Cr | ₹1.73 Cr | ₹19.4 Cr |
| Equity (Net Worth) | ₹124.86 Cr | ₹134.08 Cr | ₹82.39 Cr | ₹18.03 Cr | -₹345.65 Cr | -₹265.71 Cr | -₹548.47 Cr |
| Equity Share Capital | ₹30.74 Cr | ₹30.94 Cr | ₹24.73 Cr | ₹24.73 Cr | ₹24.73 Cr | ₹24.73 Cr | ₹24.73 Cr |
| Borrowings (Non-current) | ₹48.6 Cr | ₹12.29 Cr | ₹5.48 Cr | ₹9.23 Cr | ₹24.64 Cr | ₹131.07 Cr | ₹627.17 Cr |
| Borrowings (Current) | ₹14.19 Cr | ₹14.96 Cr | ₹29.09 Cr | ₹147.36 Cr | ₹674.23 Cr | ₹70.45 Cr | ₹78.81 Cr |
| Total Debt (computed) | ₹62.79 Cr | ₹27.25 Cr | ₹34.57 Cr | ₹156.6 Cr | ₹698.87 Cr | ₹201.52 Cr | ₹705.98 Cr |
| Current Liabilities | ₹31.55 Cr | ₹30.95 Cr | ₹52.46 Cr | ₹187.84 Cr | ₹867.43 Cr | ₹719.92 Cr | ₹720.74 Cr |
| Total Liabilities | ₹81.34 Cr | ₹45.04 Cr | ₹60.37 Cr | ₹231.67 Cr | ₹892.07 Cr | ₹851.14 Cr | ₹1,533.97 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹7.62 Cr | ₹9.77 Cr | ₹11.78 Cr | ₹8.12 Cr | ₹18.25 Cr |
| Investing Cash Flow | -₹72.64 Cr | -₹10.67 Cr | ₹81.42 Cr | ₹64.6 Cr | -₹5.79 Cr |
| Financing Cash Flow | ₹33.46 Cr | ₹38.85 Cr | -₹94.39 Cr | -₹76.84 Cr | -₹9.02 Cr |
| Capital Expenditure | ₹74.28 Cr | ₹10.67 Cr | ₹0 | ₹12.46 Cr | ₹6 Cr |
| Free Cash Flow (computed) | -₹66.66 Cr | -₹90.51 Lakh | ₹11.78 Cr | -₹4.35 Cr | ₹12.25 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹7.13 Lakh |
| Net Change in Cash | -₹31.24 Cr | ₹38.03 Cr | -₹1.19 Cr | -₹4.11 Cr | ₹3.44 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹12.48 Cr | ₹12.24 Cr | ₹6.74 Cr | ₹4.25 Cr | ₹8.97 Cr | ₹12.24 Cr | ₹7.26 Cr | ₹8.39 Cr |
| Other Income | ₹31.02 Lakh | ₹30 Lakh | ₹21.5 Lakh | ₹36.35 Lakh | ₹9.74 Lakh | ₹30 Lakh | ₹15.85 Lakh | ₹3.8 Lakh |
| Total Income | ₹12.79 Cr | ₹12.54 Cr | ₹6.96 Cr | ₹4.62 Cr | ₹9.07 Cr | ₹12.54 Cr | ₹7.41 Cr | ₹8.42 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹1.24 Cr | ₹1.08 Cr | ₹1.17 Cr | ₹1 Cr | ₹96.17 Lakh | ₹1.08 Cr | ₹84.82 Lakh | ₹1.05 Cr |
| Finance Costs | ₹1.62 Cr | ₹1.73 Cr | ₹61.43 Lakh | ₹47.89 Lakh | ₹64.99 Lakh | ₹1.73 Cr | ₹39.13 Lakh | ₹49.12 Lakh |
| Depreciation & Amortisation | ₹6.51 Cr | ₹5.08 Cr | ₹3.55 Cr | ₹2.95 Cr | ₹3.44 Cr | ₹5.08 Cr | ₹3.41 Cr | ₹3.17 Cr |
| Other Expenses | ₹8.51 Cr | ₹6.77 Cr | ₹3.68 Cr | ₹5.73 Cr | ₹6.58 Cr | ₹6.77 Cr | ₹4.83 Cr | ₹5.79 Cr |
| Total Expenses | ₹17.88 Cr | ₹14.66 Cr | ₹9.02 Cr | ₹10.16 Cr | ₹11.64 Cr | ₹14.66 Cr | ₹9.49 Cr | ₹10.5 Cr |
| Profit Before Exceptional Items & Tax | -₹5.09 Cr | -₹2.11 Cr | -₹2.06 Cr | -₹5.54 Cr | -₹2.56 Cr | -₹2.11 Cr | -₹2.07 Cr | -₹2.08 Cr |
| Exceptional Items | ₹6.77 Lakh | ₹22.16 Lakh | ₹2.33 Cr | ₹3.74 Cr | ₹73.52 Lakh | ₹22.16 Lakh | ₹36,000 | ₹9.4 Lakh |
| Profit Before Tax | -₹5.02 Cr | -₹1.89 Cr | ₹26.95 Lakh | -₹1.8 Cr | -₹1.83 Cr | -₹1.89 Cr | -₹2.07 Cr | -₹1.98 Cr |
| Total Tax Expense | ₹55.65 Lakh | ₹10.87 Lakh | ₹8.64 Lakh | ₹9.84 Lakh | ₹1.66 Lakh | ₹10.87 Lakh | ₹1.61 Lakh | ₹1.85 Lakh |
| Net Profit | -₹5.58 Cr | -₹2 Cr | ₹18.31 Lakh | -₹1.9 Cr | -₹3.76 Cr | -₹2 Cr | -₹2.08 Cr | -₹2 Cr |
| attributable to Owners | -₹5.81 Cr | -₹2.15 Cr | -₹5.94 Lakh | -₹1.87 Cr | -₹1.85 Cr | -₹2.15 Cr | ₹0 | -₹1.9 Cr |
| attributable to NCI | ₹0 | ₹0 | ₹0 | ₹0 | - | ₹0 | - | ₹0 |
| Other Comprehensive Income | -₹22.92 Lakh | -₹15.4 Lakh | -₹24.25 Lakh | ₹3.04 Lakh | -₹7.28 Lakh | -₹15.4 Lakh | ₹26.16 Lakh | ₹10.75 Lakh |
| Total Comprehensive Income | -₹5.81 Cr | -₹2.15 Cr | -₹5.94 Lakh | -₹1.87 Cr | -₹3.84 Cr | -₹2.15 Cr | -₹1.82 Cr | -₹1.9 Cr |
| EBITDA (computed) | ₹3.04 Cr | ₹4.69 Cr | ₹2.11 Cr | -₹2.11 Cr | ₹1.53 Cr | ₹4.69 Cr | ₹1.73 Cr | ₹1.58 Cr |
| Basic EPS | ₹-1.90 | ₹-0.65 | ₹0.06 | ₹-0.62 | ₹-0.63 | ₹-0.65 | ₹-0.82 | ₹-0.81 |
| Diluted EPS | ₹-1.90 | ₹-0.65 | ₹0.06 | ₹-0.62 | ₹-0.63 | ₹-0.65 | ₹-0.82 | ₹-0.81 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹35.72 Cr | ₹32.75 Cr | ₹29.96 Cr | ₹29.61 Cr | ₹47.35 Cr | ₹61.2 Cr | ₹70.8 Cr |
| Other Income | ₹4.41 Cr | ₹46.33 Lakh | ₹7.69 Cr | ₹8.67 Lakh | ₹41.62 Lakh | ₹48.75 Lakh | ₹91.54 Lakh |
| Total Income | ₹40.14 Cr | ₹33.21 Cr | ₹37.65 Cr | ₹29.7 Cr | ₹47.77 Cr | ₹61.69 Cr | ₹71.71 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹4.5 Cr | ₹3.81 Cr | ₹4.29 Cr | ₹18.87 Cr | ₹20.27 Cr | ₹20.16 Cr | ₹20.61 Cr |
| Finance Costs | ₹4.43 Cr | ₹1.84 Cr | ₹2.03 Cr | ₹3.15 Cr | ₹18.67 Cr | ₹17.94 Cr | ₹24.25 Cr |
| Depreciation & Amortisation | ₹18.1 Cr | ₹13.51 Cr | ₹12.27 Cr | ₹24.14 Cr | ₹28.24 Cr | ₹26.41 Cr | ₹24.32 Cr |
| Other Expenses | ₹23.96 Cr | ₹22.21 Cr | ₹23.45 Cr | ₹27.48 Cr | ₹26.19 Cr | ₹25.67 Cr | ₹28.02 Cr |
| Total Expenses | ₹50.99 Cr | ₹41.38 Cr | ₹42.04 Cr | ₹73.64 Cr | ₹93.37 Cr | ₹90.18 Cr | ₹97.2 Cr |
| Profit Before Exceptional Items & Tax | -₹10.85 Cr | -₹8.16 Cr | -₹4.39 Cr | -₹43.94 Cr | -₹45.6 Cr | -₹28.49 Cr | -₹25.49 Cr |
| Exceptional Items | ₹0 | ₹28.12 Lakh | -₹114.59 Cr | ₹217.28 Cr | -₹16.16 Cr | ₹11.82 Cr | -₹41.23 Cr |
| Profit Before Tax | -₹10.85 Cr | -₹7.88 Cr | -₹118.98 Cr | ₹173.34 Cr | -₹61.77 Cr | -₹16.67 Cr | -₹66.72 Cr |
| Total Tax Expense | ₹85 Lakh | ₹8 Lakh | ₹1.97 Cr | ₹1.35 Cr | ₹27.8 Lakh | ₹55.26 Lakh | -₹1.89 Cr |
| Net Profit | -₹11.7 Cr | -₹7.96 Cr | -₹120.95 Cr | ₹172 Cr | -₹62.05 Cr | -₹17.22 Cr | -₹64.83 Cr |
| Other Comprehensive Income | -₹2.76 Lakh | ₹14.94 Lakh | ₹56,000 | -₹3.34 Lakh | ₹11.13 Lakh | ₹47,000 | ₹13.45 Lakh |
| Total Comprehensive Income | -₹11.73 Cr | -₹7.81 Cr | -₹120.95 Cr | ₹171.96 Cr | -₹61.93 Cr | -₹17.22 Cr | -₹64.69 Cr |
| EBITDA (computed) | ₹11.68 Cr | ₹7.19 Cr | ₹9.91 Cr | -₹16.65 Cr | ₹1.31 Cr | ₹15.86 Cr | ₹23.08 Cr |
| Basic EPS | ₹-3.81 | ₹-3.00 | ₹-48.91 | ₹69.55 | ₹-25.09 | ₹-6.96 | ₹-26.22 |
| Diluted EPS | ₹-3.81 | ₹-3.00 | ₹-48.91 | ₹69.55 | ₹-25.09 | ₹-6.96 | ₹-26.22 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Total Assets | ₹205.07 Cr | ₹168.72 Cr | ₹141.42 Cr | ₹284.76 Cr | ₹584.25 Cr | ₹618.19 Cr |
| Non-current Assets | ₹176.17 Cr | ₹118 Cr | ₹120.61 Cr | ₹242.31 Cr | ₹544.45 Cr | ₹567.59 Cr |
| Current Assets | ₹28.9 Cr | ₹50.73 Cr | ₹20.81 Cr | ₹29.04 Cr | ₹39.8 Cr | ₹50.6 Cr |
| Property, Plant & Equipment | ₹172.03 Cr | ₹113.55 Cr | ₹117.41 Cr | ₹128.79 Cr | ₹429.49 Cr | ₹452.79 Cr |
| Inventories | ₹9.22 Cr | ₹8.61 Cr | ₹9.57 Cr | ₹11.1 Cr | ₹14.45 Cr | ₹16.59 Cr |
| Trade Receivables | ₹8.37 Cr | ₹5.29 Cr | ₹4.59 Cr | ₹3.61 Cr | ₹8.49 Cr | ₹15.46 Cr |
| Cash & Equivalents | ₹2.41 Cr | ₹1.64 Cr | ₹3.23 Cr | ₹16.98 Lakh | ₹10.3 Cr | ₹1.48 Cr |
| Equity (Net Worth) | ₹127.94 Cr | ₹139.01 Cr | ₹98.63 Cr | ₹219.57 Cr | ₹47.61 Cr | ₹109.55 Cr |
| Equity Share Capital | ₹30.74 Cr | ₹30.94 Cr | ₹24.73 Cr | ₹24.73 Cr | ₹24.73 Cr | ₹24.73 Cr |
| Borrowings (Non-current) | ₹48.6 Cr | ₹0 | ₹0 | ₹3.84 Cr | ₹24.64 Cr | ₹68.25 Cr |
| Borrowings (Current) | ₹10.57 Cr | ₹14.96 Cr | ₹21.19 Cr | ₹35.3 Cr | ₹383.75 Cr | ₹38.22 Cr |
| Total Debt (computed) | ₹59.17 Cr | ₹14.96 Cr | ₹21.19 Cr | ₹39.14 Cr | ₹408.39 Cr | ₹106.47 Cr |
| Current Liabilities | ₹27.33 Cr | ₹27.9 Cr | ₹40.36 Cr | ₹61.34 Cr | ₹512 Cr | ₹440.25 Cr |
| Total Liabilities | ₹77.13 Cr | ₹29.71 Cr | ₹42.79 Cr | ₹65.18 Cr | ₹536.64 Cr | ₹508.65 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹8.55 Cr | -₹39.78 Lakh | ₹12.53 Cr | -₹1.01 Cr | ₹10.74 Cr |
| Investing Cash Flow | -₹69.42 Cr | -₹10.31 Cr | ₹11.97 Cr | ₹66.02 Cr | -₹4.73 Cr |
| Financing Cash Flow | ₹37.83 Cr | ₹40.27 Cr | -₹25.44 Cr | -₹69.29 Cr | -₹2.4 Cr |
| Capital Expenditure | ₹74.28 Cr | ₹10.67 Cr | ₹0 | ₹11.05 Cr | ₹4.94 Cr |
| Free Cash Flow (computed) | -₹65.72 Cr | -₹11.07 Cr | ₹12.53 Cr | -₹12.06 Cr | ₹5.8 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹7.13 Lakh |
| Net Change in Cash | -₹23.03 Cr | ₹29.56 Cr | -₹94.19 Lakh | -₹4.28 Cr | ₹3.61 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹12.48 Cr | ₹12.24 Cr | ₹6.74 Cr | ₹4.25 Cr | ₹8.97 Cr | ₹12.24 Cr | ₹7.26 Cr | ₹8.39 Cr |
| Other Income | ₹30.75 Lakh | ₹60.89 Lakh | ₹2.71 Cr | ₹78.88 Lakh | ₹32.36 Lakh | ₹60.89 Lakh | ₹5.35 Lakh | ₹3.8 Lakh |
| Total Income | ₹12.79 Cr | ₹12.85 Cr | ₹9.45 Cr | ₹5.04 Cr | ₹9.3 Cr | ₹12.85 Cr | ₹7.31 Cr | ₹8.42 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹1.24 Cr | ₹1.08 Cr | ₹1.17 Cr | ₹1 Cr | ₹96.17 Lakh | ₹1.08 Cr | ₹84.82 Lakh | ₹1.05 Cr |
| Finance Costs | ₹1.61 Cr | ₹1.73 Cr | ₹61.43 Lakh | ₹47.89 Lakh | ₹63.05 Lakh | ₹1.73 Cr | ₹36.77 Lakh | ₹46.94 Lakh |
| Depreciation & Amortisation | ₹6.51 Cr | ₹5.08 Cr | ₹3.55 Cr | ₹2.95 Cr | ₹3.44 Cr | ₹5.08 Cr | ₹3.41 Cr | ₹3.17 Cr |
| Other Expenses | ₹8.29 Cr | ₹6.75 Cr | ₹3.65 Cr | ₹5.27 Cr | ₹5.53 Cr | ₹6.75 Cr | ₹4.84 Cr | ₹5.65 Cr |
| Total Expenses | ₹17.66 Cr | ₹14.63 Cr | ₹8.99 Cr | ₹9.71 Cr | ₹10.56 Cr | ₹14.63 Cr | ₹9.46 Cr | ₹10.34 Cr |
| Profit Before Exceptional Items & Tax | -₹4.87 Cr | -₹1.78 Cr | ₹46.13 Lakh | -₹4.66 Cr | -₹1.26 Cr | -₹1.78 Cr | -₹2.15 Cr | -₹1.92 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹28.12 Lakh | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹4.87 Cr | -₹1.78 Cr | ₹46.13 Lakh | -₹4.66 Cr | -₹98.32 Lakh | -₹1.78 Cr | -₹2.15 Cr | -₹1.92 Cr |
| Total Tax Expense | ₹55.65 Lakh | ₹10.87 Lakh | ₹8.64 Lakh | ₹9.84 Lakh | ₹1.66 Lakh | ₹10.87 Lakh | ₹1.61 Lakh | ₹1.85 Lakh |
| Net Profit | -₹5.42 Cr | -₹1.89 Cr | ₹37.49 Lakh | -₹4.76 Cr | -₹99.98 Lakh | -₹1.89 Cr | -₹2.17 Cr | -₹1.94 Cr |
| Other Comprehensive Income | ₹67,000 | -₹3.53 Lakh | -₹4.16 Lakh | ₹4.26 Lakh | -₹9.65 Lakh | -₹3.53 Lakh | ₹44.31 Lakh | ₹64,000 |
| Total Comprehensive Income | -₹5.42 Cr | -₹1.93 Cr | ₹33.33 Lakh | -₹4.72 Cr | -₹1.1 Cr | -₹1.93 Cr | -₹1.73 Cr | -₹1.93 Cr |
| EBITDA (computed) | ₹3.26 Cr | ₹5.02 Cr | ₹4.63 Cr | -₹1.23 Cr | ₹2.81 Cr | ₹5.02 Cr | ₹1.62 Cr | ₹1.72 Cr |
| Basic EPS | ₹-1.85 | ₹-0.62 | ₹0.12 | ₹-1.55 | ₹-0.34 | ₹-0.62 | ₹-0.85 | ₹-0.78 |
| Diluted EPS | ₹-1.85 | ₹-0.62 | ₹0.12 | ₹-1.55 | ₹-0.34 | ₹-0.62 | ₹-0.85 | ₹-0.78 |
Shareholding Pattern of Garware Offshore Services Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 30.36%, foreign institutional investors hold 0.03%, domestic institutional investors hold 0.78%, retail and other public shareholders hold 68.83% of Garware Offshore Services Limited. The company had 17,588 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 30.36% | 30.35% | 30.35% | 30.39% | 30.46% | 33.86% |
| Public | 69.64% | 69.65% | 69.65% | 69.61% | 69.54% | 66.14% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 30.36% | 30.46% | 33.29% |
| Public | 69.64% | 69.54% | 66.71% |
| Promoter change (YoY, %pts) | -0.10 | -2.83 | - |
Charges & Borrowings of Garware Offshore Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jul 2025 | Others | ₹2.31 Cr | Open |
| 15 Jul 2025 | Others | ₹1.56 Cr | Open |
| 26 Jun 2025 | Others | ₹4.62 Cr | Open |
| 28 May 2025 | Others | ₹48.8 Cr | Open |
| 21 Apr 2025 | Others | ₹7.08 Lakh | Open |
Total charge records: 74 View all charges
Employees and EPFO Compliance at Garware Offshore Services Limited
Garware Offshore Services Limited has a workforce of 16 employees as of Apr 01, 2024.
Employee and EPFO history for Garware Offshore Services Limited
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GST Compliance of Garware Offshore Services Limited
GST registrations and filing compliance for Garware Offshore Services Limited
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Credit Ratings, Litigation & Regulatory Alerts for Garware Offshore Services Limited
Credit ratings, litigation, and regulatory alerts for Garware Offshore Services Limited
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MSME Payment Delays by Garware Offshore Services Limited
MSME payment history for Garware Offshore Services Limited
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Subsidiaries & Group Companies of Garware Offshore Services Limited
Corporate group structure for Garware Offshore Services Limited
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MCA Filings & Documents of Garware Offshore Services Limited
MCA filings and documents for Garware Offshore Services Limited
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Recent Activity on Garware Offshore Services Limited
Recent News on Garware Offshore Services Limited
Frequently Asked Questions about Garware Offshore Services Limited
Garware Offshore Services Limited is an active public limited company in the transport and logistics sector based in Mumbai, Maharashtra, India. It was incorporated on 20 September 1976 (50+ years old) and is registered under CIN L61100MH1976PLC019229. Listed on BSE: 501848 and NSE: GLOBOFFS. The company has 16 employees.
Garware Offshore Services Limited reported revenue of ₹35.72 Cr for FY 2026 (up 9.08% YoY) based on consolidated NSE filings.
The current directors of Garware Offshore Services Limited are:
- Maneesha Shatul Shah - Director
- Aditya Ashok Garware - Director
- Mukund Madhav Honkan - Whole-Time Director
- Jisupriya Madhablal Guhathakurta - Director
- Faisy Viju - Director
- Smita Durgadatt Gaur - Director
The primary industry of Garware Offshore Services Limited is transport and logistics. The company specifically operates in shipping and maritime services. The company is currently active in this sector.
Yes. Garware Offshore Services Limited is listed on both BSE (code: 501848) and NSE (symbol: GLOBOFFS).
Garware Offshore Services Limited can be reached at the registered office: Unit No. A – 304 3Rd Floor Naman Midtown, Senapati Bapat Marg Prabhadevi West, Mumbai, Maharashtra, India – 400013, or through the website globaloffshore.in.