501848

Global Offshore financials

Market cap
₹133 Cr
Sector
Services

What Global Offshore does

Global Offshore Services Ltd owns, operates, crews and manages Offshore Support Vessels (OSVs) — Anchor Handling Tug Supply Vessels (AHTSV) and Platform Supply Vessels (PSV) — which it charters on long-term and spot contracts to oil & gas exploration and production companies. Its vessels perform rig positioning, tanker support operations, anchor handling, buoy maintenance and construction support activities for clients such as ONGC, Vedanta, British Gas and Shell. The company runs a small fleet (M.V. Kamet, M.V. Mahananda and the newly acquired M.V. Mahanadi) and holds one wholly owned, currently dormant subsidiary in Singapore, Garware Offshore International Services Pte Ltd (GOISPL).

Segments

  • Offshore Support Vessel (OSV) operations
  • Garware Offshore International Services Pte Ltd, Singapore
Current fleet size
3 vessels (M.V. Kamet, M.V. Mahananda, M.V. Mahanadi)
Vessels on term contract
2 of 3 vessels
Newly acquired vessel specification
80-ton Bollard Pull DP2 AHTSV, 2006-built, acquired 2025
Average fleet age
~16-17 years
Historical peak fleet (2005-2015)
15 vessels operated (8 Platform Supply Vessels + 7 Anchor Handling Tug Supply Vessels)
Wholly owned subsidiaries
1 (Garware Offshore International Services Pte Ltd, Singapore)
Founded 1976Headquarters Mumbai, Maharashtra Company website

Quarterly results

Q1 FY27: revenue up 177.4%, net profit down 51.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue7 8 9 4 7 −7%12 +51%12 +39%12 +177%
EBITDA2 1 1 -2 2 +20%4 +307%3 +91%4 +267%
Net profit-2 10 -2 -2 0 +109%-2 −121%-6 −202%-3 −51%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −38.3% 1Y

₹40.0₹60.0₹80.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹70.01 on 10 Sept 2025 → ₹43.2. High ₹84.89 (1 Oct 2025), low ₹33.68 (30 Mar 2026).

Financials, as filed

Revenue fell 11.2% a year over 3 years, FY23 to FY26. Operating margin widened to 18.3%.

Year endingFY23FY24FY25FY26
Revenue₹51 Cr₹39 Cr₹33 Cr₹36 Cr
Operating profit₹-14 Cr₹-1 Cr₹6 Cr₹7 Cr
Operating margin-26.5%-3.3%17.2%18.3%
Interest₹9 Cr₹6 Cr₹2 Cr₹4 Cr
Depreciation₹31 Cr₹15 Cr₹14 Cr₹18 Cr
Net profit₹383 Cr₹38 Cr₹4 Cr₹-9 Cr
Net margin749.8%96.1%11.1%-26.0%
Cash from operations₹8 Cr₹12 Cr₹9 Cr₹8 Cr
Free cash flow₹73 Cr₹93 Cr₹-1 Cr₹-67 Cr
ROCE-17.0%-6.0%-5.0%-6.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹25 Cr₹25 Cr₹25 Cr₹25 Cr₹31 Cr₹31 Cr
Reserves₹-212 Cr₹-280 Cr₹23 Cr₹58 Cr₹102 Cr₹94 Cr
Borrowings₹678 Cr₹699 Cr₹157 Cr₹37 Cr₹62 Cr₹65 Cr
Other liabilities₹89 Cr₹103 Cr₹46 Cr₹23 Cr₹18 Cr₹17 Cr
Total liabilities₹580 Cr₹546 Cr₹250 Cr₹143 Cr₹213 Cr₹206 Cr
Fixed assets₹522 Cr₹495 Cr₹194 Cr₹120 Cr₹179 Cr₹173 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹58 Cr₹51 Cr₹56 Cr₹22 Cr₹34 Cr₹32 Cr
Total assets₹580 Cr₹546 Cr₹250 Cr₹143 Cr₹213 Cr₹206 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +0.65 pp while the public trimmed −0.49 pp. The shareholder count shrank 2% to 17,582.

Promoters
30.3%
FIIs
0.0%
DIIs
0.8%
Public
68.8%

Since Jun 2025

  • DIIs +0.65 pp
  • Public −0.49 pp
  • FIIs −0.11 pp

How it drifted, 12 quarters

Over this window the public went from 63.3% to 68.8% — +5.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 33.3%, FIIs 1.5%, DIIs 1.9%, Public 63.3%.Dec '23: Promoters 33.3%, FIIs 0.6%, DIIs 0.2%, Public 65.9%.Mar '24: Promoters 33.3%, FIIs 0.4%, DIIs 0.2%, Public 66.1%.Jun '24: Promoters 32.5%, FIIs 0.3%, DIIs 0.2%, Public 67.1%.Sep '24: Promoters 34.0%, FIIs 0.3%, DIIs 0.2%, Public 65.6%.Dec '24: Promoters 33.9%, FIIs 0.3%, DIIs 0.1%, Public 65.7%.Mar '25: Promoters 30.5%, FIIs 0.2%, DIIs 0.1%, Public 69.2%.Jun '25: Promoters 30.4%, FIIs 0.1%, DIIs 0.1%, Public 69.3%.Sep '25: Promoters 30.4%, FIIs 0.2%, DIIs 0.8%, Public 68.7%.Dec '25: Promoters 30.4%, FIIs 0.2%, DIIs 0.8%, Public 68.7%.Mar '26: Promoters 30.4%, FIIs 0.0%, DIIs 0.8%, Public 68.8%.Jun '26: Promoters 30.3%, FIIs 0.0%, DIIs 0.8%, Public 68.8%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Global Offshore above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sushma Ashok Garware 7.89%unchanged
Garware Marine Industries Ltd. 4.72%unchanged
Universal Investment Services Pvt. Ltd. 4.68%unchanged
Rondor Overseas Ltd 3.87%unchanged
Aditya Ashok Garware 3.75%unchanged
Shri Krishna Welfare Trust 2.54%unchanged
Manoj Mittal 2.04%unchanged
Ramesh Singhal 1.98%unchanged
Adsu Trading And Investment Company Private Limited 1.71%unchanged
Mauve Trading Company Pvt Ltd 1.20%unchanged
Shesu Trading And Investment Company Pvt Ltd 1.07%unchanged
Investor Education And Protection Fund Authority Minitry Of Corporate Affairs 1.01%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Global Offshore

Guides on how to read this kind of business and the numbers that matter.