Garware Offshore Services Ltd (GLOBOFFS) — shareholding pattern, promoter holding, financials and share price
About Garware Offshore Services Ltd (GLOBOFFS)
Garware Offshore Services Ltd operates in the Shipping industry, within the Services sector. It trades on the NSE as GLOBOFFS and on the BSE under scrip code 501848. Its ISIN is INE446C01013.
Incorporated in 1976, Global Offshore Services Ltd is engaged in owning, operating, and chartering of offshore support vessels. [1]
Global Offshore Services Limited is primarily engaged in owning, operating, and chartering offshore support vessels, serving oil and gas exploration companies globally.
The company faced financial challenges due to oil price crashes but has executed a successful debt restructuring, reducing net debt to below USD 2 million.
Listed peers in Shipping: SEAMEC Ltd, Essar Shipping Ltd, Transworld Shipping Lines Ltd, Chowgule Steamships Ltd, Shahi Shipping Ltd, Datiware Maritime Infra Ltd.
Valuation & Returns
10 Jul 2026At ₹49 a share on 10 Jul 2026, Garware Offshore Services Ltd (GLOBOFFS) was valued at a price-to-earnings ratio of -16.19x against an industry P/E of 23.33x and a price-to-book of 1.12x on a book value of ₹43.58 per share as of Mar 2025. Solomo computes return on equity of -6.94% and return on capital employed of -2.44% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- -16.19x
- Industry P/E
- 23.33x
- P/B
- 1.12x
- EPS (TTM)
- ₹-3.02
- Book value / share
- ₹43.58
- ROE
- -6.94%
- ROCE
- -2.44%
- ROA
- -5.19%
- Debt / equity
- 0.22x
- Dividend yield
- 0%
- EBITDA margin
- 39.46%
- 52-week range
- ₹31.36 – ₹90.01
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Garware Offshore Services Ltd (GLOBOFFS) reported revenue of ₹35.72 crore, net profit of ₹-9.29 crore and earnings per share of ₹-3.02. That compares with revenue of ₹32.75 crore and net profit of ₹3.65 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹12.48 crore and net profit ₹-5.58 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 64.97 | 51.01 | 39.21 | 32.75 | 35.72 |
| Net profit (₹ cr) | -71.04 | 382.57 | 37.67 | 3.65 | -9.29 |
| EPS (₹) | -25.16 | 127.65 | 14.49 | 1.19 | -3.02 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | -16.15% | -14.29% | -11.56% | -16.48% |
| Profit growth | - | - | - | -90.31% |
| Stock price CAGR | -10% | 21% | 9% | -42% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 30.33% of Garware Offshore Services Ltd (GLOBOFFS) (down 0.03 pp QoQ), foreign institutional investors (FII) hold 0.03% and domestic institutional investors (DII) hold 0.78%. Market capitalisation was ₹151 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: SHRI KRISHNA WELFARE TRUST 2.54%, MANOJ MITTAL 2.04%, RAMESH SINGHAL 1.98%, INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINITRY OF CORPORATE AFFAIRS 1.01%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 30.33% | - | 0.03% | 0.78% | 69.67% |
| Mar 2026 | 30.36% | - | 0.03% | 0.78% | 69.64% |
| Dec 2025 | 30.35% | - | 0.16% | 0.78% | 69.65% |
| Sep 2025 | 30.35% | - | 0.16% | 0.78% | 69.65% |
| Jun 2025 | 30.39% | - | 0.14% | 0.13% | 69.61% |
| Mar 2025 | 30.46% | - | 0.23% | 0.13% | 69.54% |
| Dec 2024 | 33.86% | - | 0.27% | 0.15% | 66.14% |
| Sep 2024 | 33.98% | - | 0.27% | 0.16% | 66.02% |