Garware OffshoreServ
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Garware Offshore Services has received a letter of award for the charter of one of its vessels for a four-year period with an additional one-year extension option. The contract carries an annual value of approximately ₹31 crore. The award is subject to the final execution of a charter party agreement. The company did not disclose the identity of the charterer. The vessel deployment is expected to contribute to the company's revenue pipeline over the medium term. Garware Offshore, formerly Global Offshore Services, is a Mumbai-based provider of offshore support vessels.
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Garware Offshore Services has received a letter of award for the charter of one of its vessels for a four-year period with an additional one-year extension option. The contract carries an annual value of approximately ₹31 crore. The award is subject to the final execution of a charter party agreement. The company did not disclose the identity of the charterer. The vessel deployment is expected to contribute to the company's revenue pipeline over the medium term. Garware Offshore, formerly Global Offshore Services, is a Mumbai-based provider of offshore support vessels.
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June 17 (Reuters) - Garware Offshore Services Ltd GARF.BO:
GARWARE OFFSHORE SERVICES LTD- GETS LOA WORTH 310 MILLION RUPEES
Source text: ID:nBSE9FvJ07
Further company coverage: GARF.BO
(([email protected];))
June 17 (Reuters) - Garware Offshore Services Ltd GARF.BO:
GARWARE OFFSHORE SERVICES LTD- GETS LOA WORTH 310 MILLION RUPEES
Source text: ID:nBSE9FvJ07
Further company coverage: GARF.BO
(([email protected];))
Sept 22 (Reuters) - Global Offshore Services Ltd GLSH.BO:
CONTRACT FOR VESSEL M. V. MAHANADI
Source text: ID:nBSE4hcVBH
Further company coverage: GLSH.BO
(([email protected];;))
Sept 22 (Reuters) - Global Offshore Services Ltd GLSH.BO:
CONTRACT FOR VESSEL M. V. MAHANADI
Source text: ID:nBSE4hcVBH
Further company coverage: GLSH.BO
(([email protected];;))
** Shares of Global Offshore Services GLSH.BO jump an exchange-allowed maximum of 5% to hit a near eight-year high of 104.49 rupees
** Co, which provides support services to oil exploration and production firms, says it will consider raising funds on Oct. 16
** GLSH set to rise for a fifth straight session, gaining 23% over the period
** Stock up ~78% YTD
(Reporting by Nishit Navin in Bengaluru)
(([email protected];))
** Shares of Global Offshore Services GLSH.BO jump an exchange-allowed maximum of 5% to hit a near eight-year high of 104.49 rupees
** Co, which provides support services to oil exploration and production firms, says it will consider raising funds on Oct. 16
** GLSH set to rise for a fifth straight session, gaining 23% over the period
** Stock up ~78% YTD
(Reporting by Nishit Navin in Bengaluru)
(([email protected];))
Oct 11 (Reuters) - Global Offshore Services Ltd GLSH.BO:
GLOBAL OFFSHORE SERVICES - TO CONSIDER RAISING FUNDS
Source text for Eikon: ID:nBSE21WM08
Further company coverage: GLSH.BO
(([email protected];))
Oct 11 (Reuters) - Global Offshore Services Ltd GLSH.BO:
GLOBAL OFFSHORE SERVICES - TO CONSIDER RAISING FUNDS
Source text for Eikon: ID:nBSE21WM08
Further company coverage: GLSH.BO
(([email protected];))
Sept 12 (Reuters) - Global Offshore Services Ltd GLSH.BO:
CO'S STEP DOWN SUBSIDIARY MAKALU SHIPPING B.V. SOLD ITS VESSEL M.V. MAKALU FOR $9.30 MILLION
Source text for Eikon: ID:nBSE4KRPwT
Further company coverage: GLSH.BO
(([email protected];;))
Sept 12 (Reuters) - Global Offshore Services Ltd GLSH.BO:
CO'S STEP DOWN SUBSIDIARY MAKALU SHIPPING B.V. SOLD ITS VESSEL M.V. MAKALU FOR $9.30 MILLION
Source text for Eikon: ID:nBSE4KRPwT
Further company coverage: GLSH.BO
(([email protected];;))
Sept 7 (Reuters) - Global Offshore Services Ltd GLSH.BO:
APPROVED SANCTION LETTER FROM AXIS BANK FOR SETTLEMENT OF UNSECURED LOAN AMOUNTING 48.5 MILLION RUPEES
Source text for Eikon: ID:nBSE9X8v9c
Further company coverage: GLSH.BO
(([email protected];))
Sept 7 (Reuters) - Global Offshore Services Ltd GLSH.BO:
APPROVED SANCTION LETTER FROM AXIS BANK FOR SETTLEMENT OF UNSECURED LOAN AMOUNTING 48.5 MILLION RUPEES
Source text for Eikon: ID:nBSE9X8v9c
Further company coverage: GLSH.BO
(([email protected];))
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What does Garware OffshoreServ do?
Garware Offshore Services Ltd provides offshore support vessel services to oil & gas E&P companies, including chartering, logistics, and marine operations. It operates a fleet supporting exploration, production, and offshore infrastructure projects.
Who are the competitors of Garware OffshoreServ?
Garware OffshoreServ major competitors are Sadhav Shipping, Chowgule Steamships, Hariyana Ship Break, Arvind Port & Infra, Deccan Transcon Lsg., Shahi Shipping, Transworld Shipping. Market Cap of Garware OffshoreServ is ₹153 Crs. While the median market cap of its peers are ₹70 Crs.
Is Garware OffshoreServ financially stable compared to its competitors?
Garware OffshoreServ seems to be less financially stable compared to its competitors. Altman Z score of Garware OffshoreServ is 1.84 and is ranked 5 out of its 8 competitors.
Does Garware OffshoreServ pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Garware OffshoreServ latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Garware OffshoreServ allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Garware OffshoreServ balance sheet?
Balance sheet of Garware OffshoreServ is moderately strong.
Is the profitablity of Garware OffshoreServ improving?
No, profit is decreasing. The profit of Garware OffshoreServ is -₹9.29 Crs for TTM, ₹3.65 Crs for Mar 2025 and ₹35.83 Crs for Mar 2024.
Is the debt of Garware OffshoreServ increasing or decreasing?
Yes, The net debt of Garware OffshoreServ is increasing. Latest net debt of Garware OffshoreServ is ₹53.48 Crs as of Mar-26. This is greater than Mar-25 when it was -₹59.25 Crs.
Is Garware OffshoreServ stock expensive?
Garware OffshoreServ is not expensive. Latest PE of Garware OffshoreServ is 0, while 3 year average PE is 9.87. Also latest EV/EBITDA of Garware OffshoreServ is 31.54 while 3yr average is 134.
Has the share price of Garware OffshoreServ grown faster than its competition?
Garware OffshoreServ has given lower returns compared to its competitors. Garware OffshoreServ has grown at ~-47.18% over the last 1yrs while peers have grown at a median rate of -29.92%
Is the promoter bullish about Garware OffshoreServ?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 30.36% and last quarter promoter holding is 30.35%.
Are mutual funds buying/selling Garware OffshoreServ?
The mutual fund holding of Garware OffshoreServ is stable. The current mutual fund holding in Garware OffshoreServ is 0.1% while previous quarter holding is 0.1%.