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ABS Marine Services Ltd (ABSMARINE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ABSMARINE Shipping | Small Cap | ABS Marine Services Share Price

BSE Share Price
Not Listed

ABS Marine Services Ltd (ABSMARINE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ABSMARINE Shipping | Small Cap | ABS Marine Services Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹649 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹31.8
TTM Sales
₹325 Cr.
Book Value per Share
₹96.5
P/E Ratio
8.31
Lower than its 5-year historical median
Industry PE
11.4
Price to Book (P/B)
2.74
Higher than its 5-year historical median
Price to Sales (P/S)
2.00
Lower than its 5-year historical median
EV/EBITDA
4.89
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
14.82%
Outperforms industry median
Return on Capital Employed (ROCE)
14.65%
Outperforms industry median
Return on Assets (ROA)
9.16%
Operating Profit Margin
20.9%
Net Profit Margin
15.6%
Gross Profit Margin
21.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
45.06%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
30.18%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
36.82%
Asset Quality
Promoter Holding
63.96%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹212 Cr.
Equity
₹24.6 Cr.
Face Value
₹10
All Time Low / High
- / -

ABS Marine Services stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Strong
Q.1 Is ABS Marine Services Ltd a good quality company?
ABS Marine Services Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does ABS Marine Services Ltd performance compare with that of its Peers?
Q.1 Revenue growth of ABS Marine Services Ltd vs industry peers?
ABS Marine Services Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of ABS Marine Services Ltd?
Promoters hold 63.96% of the ABS Marine Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of ABS Marine Services Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 106.4% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
ABS Marine Services Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 4.5%11.1%10.6%19.1%14.7%-
Value Creation
Index
-0.7-0.2-0.20.40.1-

Growth Parameters

Sales 70.857.995.2118171325
Sales YoY Gr.--18.3%64.6%24.1%45.1%-
Adj EPS 0.90.6411.410.831.8
YoY Gr.--32.6%565%185.2%-5.2%-
BVPS (₹) 49.153.557.968.896.596.5
Adj Net
Profit
1.61.17.220.526.578
Cash Flow from Ops. 15.36.9-2023.816.1-
Debt/CF from Ops. 21.8-0.60.88.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA43.6%45.1%
Adj EPS NANA162%-5.2%
BVPSNANA21.8%40.2%
Share Price - - - 80.1%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.81.27.21814.733
Op. Profit
Mgn %
14.115.916.126.121NAN
Net Profit
Mgn %
2.31.97.517.315.524.1
Debt to
Equity
0.40.10.10.10.6-
Working Cap
Days
01821892242190
Cash Conv.
Cycle
0351944760

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales715895118171
Operating Expenses + 61498091135
Manufacturing Costs53397075118
Material Costs00000
Employee Cost 34568
Other Costs 56599
Operating Profit 109152836
Operating Profit Margin (%) 14.1%15.5%16.0%23.3%20.9%
Other Income + 311224
Exceptional Items 00000
Interest 22122
Depreciation 87552
Profit Before Tax 310112336
Tax 12339
Profit After Tax 3882027
PAT Margin (%) 3.5%13.4%8.4%16.5%15.6%
Adjusted EPS (₹)1.44.34.410.910.9
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of ABS Marine Services - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 8896104124237
Share Capital 0001825
Reserves 8896104106212
Debt +2181017125
Long Term Debt20685115
Short Term Debt1221210
Minority Interest00000
Trade Payables8111555
Others Liabilities 1814142051
Total Liabilities 135130143166418

Fixed Assets

Net Fixed Assets +5837341093
Gross Block97788019104
Accumulated Depreciation394146911
CWIP 00000
Investments 3755297678
Inventories00000
Trade Receivables1714262955
Cash Equivalents 136123119
Others Assets 917424873
Total Assets 135130143166418

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 157-202416
PBT 310112336
Adjustment 8-0581
Changes in Working Capital 5-3-37-2-11
Tax Paid -002-5-10
Cash Flow From Investing Activity + -191525-27-207
Capex -1422-218-85
Net Investments -7-925-45-115
Others 1110-7
Cash Flow From Financing Activity + -2-200-4194
Net Proceeds from Shares 000086
Net Proceeds from Borrowing -0-131-3110
Interest Paid -2-2-1-2-2
Dividend Paid 00000
Others 1-5000
Net Cash Flow -615-73

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.838.417.9817.1214.82
ROCE (%)4.5311.110.6219.1214.65
Asset Turnover Ratio0.520.440.70.770.59
PAT to CFO Conversion(x)50.88-2.51.20.59
Working Capital Days
Receivable Days88.309976.3084.4089.40
Inventory Days00000
Payable Days00000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

ABS Marine Services Ltd FAQs

The current trading price of ABS Marine Services on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of ABS Marine Services stood at ₹648.7 Cr

The latest P/E ratio of ABS Marine Services as of 31-Dec-1969 is 8.31.

The latest P/B ratio of ABS Marine Services as of 31-Dec-1969 is 2.74.

The 52-week high of ABS Marine Services is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ABS Marine Services is ₹325 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that ABS Marine Services Ltd is a below average quality company.

The key valuation ratios of ABS Marine Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of ABS Marine Services Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About ABS Marine Services Ltd

ABS Marine Services was originally incorporated as ‘ABS Marine Services Private Limited’ a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 27, 1992, issued by the Registrar of Companies, Tamil Nadu (RoC). Subsequently, the name of the company was changed from ABS Marine Services Private Limited’ to ‘ABS Marine Services Limited’, upon conversion into public company, pursuant to a special resolution passed by the shareholders of the company on September 27, 2023 and a fresh certificate of incorporation consequent to conversion was issued by the RoC on October 23, 2023.

ABS Marine Services is engaged in providing marine and offshore services across four key business segments - Ship Management, Vessel Ownership, Marine Services, and Port Services. It offers services such as offshore vessel chartering, crew and technical management, shipbuilding supervision, port operations, housekeeping, catering, and marine logistics. It has a presence in Mumbai, Kochi, Kakinada, and Singapore, in addition to its head office in Chennai. 

The company serves a range of clients including government bodies, oil & gas companies, port authorities, and private shipping firms. Committed to excellence, it emphasizes creative freedom and professionalism to deliver timely and comprehensive services to maritime organizations worldwide. The company’s success is underlined by its efficient operations, leveraging local knowledge from regional offices, ensuring adept negotiations and compliance with diverse regulatory frameworks. 

Business area of the company

The company is engaged in ship owning and ship management of own ships and of others. It offers services such as offshore vessel chartering, crew and technical management, shipbuilding supervision, port operations, housekeeping, catering, and marine logistics.

History and milestones 

  • 1992: Incorporated; secured first ship management contract with Great Eastern Shipping.
  • 1996: Took over crew management of 6 cargo ships from Great Eastern (London).
  • 2001: Won crew management for 17 A&N passenger vessels.
  • 2001: Awarded the complete Port Management of newly built Ennore Port, Tamil Nadu.
  • 2002: Awarded crew management for Lakshadweep Development Corporation vessels.
  • 2004: Launched shipowning arm Epsom Shipping; acquired first offshore support vessel.
  • 2006: Built ROV/Dive support vessel M.V. ATLA; deployed for Cairn & Saudi Aramco.
  • 2007: Took over Sagar Nidhi research vessel; began managing MARG Cauvery dredger.
  • 2008: Managed MARG Vaigai trailer suction hopper dredger for Karaikal Port.
  • 2009: Signed long-term OSV contract with Cairn Energy (M.V. Saga); managed chemical tanker for Ruchi Soya.
  • 2010: Renewed complete crew management for 17 A&N vessels.
  • 2011: Managed DP2 vessels LEWEK ALTAIR & LEWEK ATLAS for EMAS; added Ro-Ro ship Amet Majesty.
  • 2014: Delivered DP2 OSV M.V. Celestial, built in China for Epsom Shipping.
  • 2015: Acquired 1 and leased 2 OSVs from Milaha (Qatar); began 4 ONGC contracts.
  • 2019: Took over NIOT research vessels; acquired ABS Amelia; signed ONGC PSV contract.
  • 2020: Won 7+2-year harbour craft contract with Kamarajar Port; secured another ONGC OSV supply contract.
  • 2021: Secured harbour craft contract with Chennai Port Authority.
  • 2022: Took over total management (crew, scientists, housekeeping) of 6 MoES research vessels; chartered PSV ERIN.
  • 2023: Awarded 5-year ONGC ClusterII contract; converted OSV for FPSO support; won additional ONGC vessel contract.
  • 2024: Signed ?10.23 Cr Chennai Port patrol boat contract; entered ?197 Cr Schlumberger charter; contracted 2 new DP2 OSVs.
  • 2025: Took delivery of OCEAN DIAMOND & EMERALD (DP2 OSVs); started ONGC & Alphard contracts worth ?48.6 Cr; contracted 2 more DP2 OSVs for FY26.

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