Garware Offshore Services Ltd-$
Garware Offshore Services Ltd-$ (GARWAOFFS) last reported results for the quarter ended Jun 2026, with sales of ₹11.79 crore and net profit of ₹-2.87 crore. The stock last traded at ₹40, a market capitalisation of ₹123 crore. Over the past 52 weeks the stock has ranged between ₹31.4 and ₹85. Figures are as of 9 Oct 2026 and are not real time.
Garware Offshore Services Ltd-$ share price and key metrics
- Current price
- ₹40
- Market cap
- ₹123 cr
- Book value
- ₹40.6
- ROE
- -12.6%
- ROCE
- -5.85%
- Dividend yield
- 0.00%
- 52w high / low
- 85.0/31.4
Metrics as of 9 Oct 2026. Not real time.
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Garware Offshore Services Ltd-$ growth and returns
- 10 Years
- -21%
- 5 Years
- -14%
- 3 Years
- -11%
- TTM
- 51%
- 10 Years
- -6%
- 5 Years
- 10%
- 3 Years
- 18%
- TTM
- -72%
- 10 Years
- -12%
- 5 Years
- -2%
- 3 Years
- 2%
- 1 Year
- -52%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- -13%
- Last Year
- -13%
Garware Offshore Services Ltd-$ quarterly results
In the quarter ended Jun 2026, sales were ₹11.79 cr, up 177.4% from ₹4.25 cr a year earlier. Net profit was ₹-2.87 cr, down 51.1% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7.26 | 8.13 | 8.97 | 4.25 | 6.74 | 12.24 | 12.48 | 11.79 |
| Expenses | 5.69 | 7.05 | 7.54 | 6.72 | 4.85 | 7.84 | 9.75 | 7.66 |
| Operating profit | 1.57 | 1.08 | 1.43 | -2.47 | 1.89 | 4.4 | 2.73 | 4.13 |
| OPM % | 21.63% | 13.28% | 15.94% | -58.12% | 28.04% | 35.95% | 21.88% | 35.03% |
| Other income | 0.16 | 12.42 | 0.83 | 4.11 | 2.54 | 0.52 | 0.38 | 0.17 |
| Interest | 0.39 | 0.4 | 0.65 | 0.48 | 0.61 | 1.73 | 1.62 | 1.51 |
| Depreciation | 3.41 | 3.49 | 3.44 | 2.95 | 3.55 | 5.08 | 6.51 | 5.61 |
| Profit before tax | -2.07 | 9.61 | -1.83 | -1.79 | 0.27 | -1.89 | -5.02 | -2.82 |
| Tax % | 0.97% | 0.31% | 1.09% | 5.59% | 33.33% | 5.82% | 11.16% | 1.77% |
| Net profit | -2.08 | 9.58 | -1.85 | -1.9 | 0.18 | -2 | -5.58 | -2.87 |
| EPS (₹) | -0.80 | 3.64 | -0.60 | -0.62 | 0.06 | -0.65 | -1.82 | -0.93 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Garware Offshore Services Ltd-$ annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 162 | 136 | 128 | 122 | 78 | 65 | 51 | 39 | 33 | 36 | 43 |
| Operating profit | -44 | -59 | -69 | 25 | -8 | 3 | -13 | -1 | 6 | 7 | 13 |
| OPM % | -27% | -43% | -54% | 20% | -10% | 4.9% | -26% | -3.0% | 18% | 18% | 30% |
| Net profit | -165 | -262 | -696 | -7 | 329 | -71 | 383 | 38 | 4 | -9 | -10 |
| EPS (₹) | -46.17 | -77.89 | -199.69 | -14.08 | 88.20 | -25.16 | 127.65 | 14.49 | 1.19 | -3.02 | -3.34 |
TTM is the trailing twelve months to the most recent quarter.
Garware Offshore Services Ltd-$ balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 31 | 31 |
| Reserves | 314 | 121 | -369 | -438 | -212 | -280 | 23 | 58 | 103 | 94 |
| Borrowings | 1,123 | 1,086 | 1,155 | 1,043 | 678 | 699 | 157 | 37 | 30 | 64 |
| Other liabilities | 228 | 247 | 174 | -1 | 89 | 103 | 46 | 23 | 15 | 17 |
| Total liabilities | 1,689 | 1,478 | 986 | 629 | 580 | 546 | 250 | 143 | 179 | 206 |
| Fixed assets | 1,395 | 1,305 | 839 | 514 | 522 | 495 | 194 | 120 | 116 | 173 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 295 | 173 | 146 | 116 | 58 | 51 | 56 | 22 | 63 | 32 |
| Total assets | 1,689 | 1,478 | 986 | 629 | 580 | 546 | 250 | 143 | 179 | 206 |
As reported by the company. Total assets equal total liabilities by construction.
Garware Offshore Services Ltd-$ cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 35 | 0 | 20 | 16 | 23 | 18 | 8 | 12 | 9 | 8 |
| Cash from investing | 0 | 34 | -1 | 47 | -10 | -6 | 65 | 81 | -11 | -72 |
| Cash from financing | -35 | -44 | -19 | -73 | -18 | -9 | -77 | -94 | 39 | 33 |
| Net cash flow | -0 | -9 | 0 | -9 | -5 | 3 | -4 | -1 | 37 | -31 |
| Free cash flow | 34 | 33 | 12 | 61 | 13 | 12 | 73 | 93 | -1 | -67 |
| CFO / operating profit | -84% | -4% | -28% | 62% | -262% | 598% | -64% | -642% | 172% | 126% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Garware Offshore Services Ltd-$ operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -7% | -9% | -13% | -1% | -9% | -8% | -17% | -6% | -5% | -6% |
| Debtor days | 81 | 82 | 53 | 82 | 102 | 73 | 77 | 43 | 59 | 86 |
| Cash conversion cycle | 81 | 82 | 53 | 82 | 102 | 73 | 77 | 43 | 59 | 86 |
| Working capital days | -155 | -738 | -1,806 | -2,237 | -3,125 | -4,653 | -1,240 | -332 | -148 | -111 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Garware Offshore Services Ltd-$ shareholding pattern
Promoters held 30.34% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.03% and DIIs 0.78%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 33.98% | 33.86% | 30.46% | 30.40% | 30.35% | 30.35% | 30.35% | 30.34% |
| FIIs | 0.27% | 0.27% | 0.23% | 0.14% | 0.16% | 0.16% | 0.03% | 0.03% |
| DIIs | 0.16% | 0.15% | 0.13% | 0.13% | 0.78% | 0.78% | 0.78% | 0.78% |
| Public | 65.59% | 65.71% | 69.18% | 69.34% | 68.70% | 68.70% | 68.82% | 68.85% |
| No. of shareholders | 18,002 | 17,894 | 17,956 | 17,990 | 17,886 | 17,777 | 17,588 | 17,582 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Garware Offshore Services Ltd-$ corporate filings
- 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, ....Company Updatelow impact
- Garware Offshore Services issues demand notice for Rs. 3.05 crore plus interest to Afcons Infrastructure under IBC due to overdue payments for vessel charter and related expensesCompany Updatelow impact
Cruxal's analysis: The company has issued a demand notice under the Insolvency and Bankruptcy Code for Rs…
Read the full analysis - Garware Offshore Services Limited announces successful conclusion of 48th Annual General MeetingAGM/EGMlow impact
Cruxal's analysis: Garware Offshore Services Limited has filed the Scrutinizer's Report confirming the…
Read the full analysis - Garware Offshore Services Limited concludes 48th Annual General Meeting with re-appointment of ChairmanAGM/EGMlow impact
Cruxal's analysis: Garware Offshore Services Limited held its 48th Annual General Meeting on September 24…
Read the full analysis - Garware Offshore Services Ltd files Annual Report for FY 2025-26; AGM scheduled for September 24, 2026Otherslow impact
Cruxal's analysis: Garware Offshore Services has submitted its Annual Report for the financial year 2025-26…
Read the full analysis - Garware Offshore Services Limited Receives BSE Trading Approval for 27,000 Equity Shares Issued via Warrant ConversionCompany Updatelow impact
Cruxal's analysis: Garware Offshore Services Limited has received trading approval from the BSE for 27,000…
Read the full analysis - Garware Offshore Services Limited commences 4-year vessel charter operationsCompany Updatemedium impact
Cruxal's analysis: Garware Offshore Services Limited has officially commenced operations for a vessel…
Read the full analysis - Garware Offshore Services Limited receives listing approval for 27,000 equity shares issued via warrant conversionCompany Updatelow impact
Cruxal's analysis: Garware Offshore Services Limited has received listing approval from the BSE for 27,000…
Read the full analysis - Garware Offshore Services reports Q1 FY27 net loss of 2.86 crore; secures long-term vessel charter contractBoard Meetingmedium impact
Cruxal's analysis: Garware Offshore Services Limited reported a consolidated net loss of 2.86 crore for the…
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