ABS Marine Services Ltd
Incorporated in 1992, ABS Marine Ltd is in the business of providing shipping services[1]
- Market Cap ₹ 434 Cr.
- Current Price ₹ 177
- High / Low ₹ 425 / 160
- Stock P/E 21.5
- Book Value ₹ 88.4
- Dividend Yield 0.00 %
- ROCE 20.0 %
- ROE 17.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.05% over last 3 years.
- Working capital days have increased from 45.8 days to 72.0 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 76 | 71 | 58 | 95 | 118 | |
| 65 | 61 | 49 | 80 | 88 | |
| Operating Profit | 11 | 10 | 9 | 16 | 31 |
| OPM % | 15% | 14% | 15% | 16% | 26% |
| 5 | 3 | 11 | 2 | -1 | |
| Interest | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 6 | 8 | 7 | 5 | 5 |
| Profit before tax | 9 | 3 | 10 | 11 | 23 |
| Tax % | 23% | 25% | 24% | 24% | 15% |
| 7 | 2 | 8 | 8 | 19 | |
| EPS in Rs | |||||
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 116% |
| TTM: | 179% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 18 | 25 |
| Reserves | 86 | 88 | 96 | 104 | 106 | 193 |
| 30 | 31 | 12 | 11 | 18 | 20 | |
| 19 | 16 | 21 | 29 | 12 | 12 | |
| Total Liabilities | 135 | 135 | 130 | 144 | 154 | 249 |
| 52 | 58 | 37 | 34 | 10 | 9 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 27 | 37 | 55 | 29 | 76 | 74 |
| 57 | 40 | 37 | 81 | 68 | 166 | |
| Total Assets | 135 | 135 | 130 | 144 | 154 | 249 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 19 | 15 | 7 | -17 | 23 | |
| -19 | -19 | 15 | 25 | -27 | |
| 6 | -2 | -20 | -3 | -4 | |
| Net Cash Flow | 6 | -6 | 1 | 6 | -7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 119 | 88 | 90 | 98 | 90 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 119 | 88 | 90 | 98 | 90 |
| Working Capital Days | 6 | 42 | 14 | 51 | 72 |
| ROCE % | 4% | 2% | 10% | 20% |
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 January 2025 - ABS Marine Services Limited has informed about Certificate under Reg 76 of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter Ended 31st December,2024.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
10 January 2025 - ABS Marine Services Limited has informed regarding Non-Applicability for Submission of the Compliance Report on Corporate Governance for the Quarter Ending 31st December, 2024
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Updates
3 January 2025 - ABS Marine Services Limited has informed regarding 'Acquisition of Dynamic Positioning (DP2) Offshore Supply Vessel OCEAN DIAMOND '.
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Reply to Clarification- Financial results
20 December 2024 - Exchange had sought clarification from ABS Marine Services Limited for the quarter ended 30-Sep-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …
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Updates
19 December 2024 - ABS Marine Services Limited has informed regarding 'Purchase of Dynamic Positioning (DP2) Offshore Support Vessel'.
Annual reports
Concalls
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Jun 2024TranscriptNotesPPT
Business Overview:[1]
ABS is in the shipping services industry and provides diversified services such as manning & technical services and chartering & hiring services. Majority of the company’s manning and technical services are tender-based. In FY24, company has 5 Owned Ships, 1 Long Term Chartered-in Ship, and 36 Vessels Under Management