Garware Offshore Services Ltd

Garware Offshore Services Ltd (GLOBOFFS) is a micro-cap Services company valued at ₹123 crore operating in Shipping on the NSE and BSE.

Recent price move

Garware Offshore Services Ltd last traded at ₹7.85, down 3.09% on the day.

Recent developments

2026-06-30: The company reported a net loss of ₹3 crore for the latest quarter, with revenue at ₹12 crore, following a net loss of ₹6 crore in the previous quarter. 2026-03-31: The company reported a net loss of ₹6 crore for the quarter, with revenue at ₹12 crore, following a net loss of ₹2 crore in the prior quarter.

Financial performance

The company's business has deteriorated, with annual net profit swinging from a profit of ₹4 crore to a loss of ₹9 crore. Revenue rose 9.1% year-on-year, but net profit margin collapsed 37.1 percentage points to -25.0%. The latest quarter saw revenue surge 177.4% compared to the same quarter a year earlier, but the net loss widened from ₹2 crore to ₹3 crore.

Valuation multiples

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at 0.19 times book value.

Things to watch

The company reported a net loss of ₹9 crore in its latest financial year, compared to a profit of ₹4 crore in the prior year. Net profit margin has fallen to -25.0%, down 37.1 percentage points. Return on equity and return on capital employed are both negative, indicating poor profitability.

Where it stands

The company's financial performance has worsened, with a net loss of ₹9 crore in the latest financial year and a net loss of ₹3 crore in the latest quarter. The most significant movement is the net profit margin, which has dropped to -25.0%.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.