ABS Marine Services Ltd
Incorporated in 1992, ABS Marine Ltd is in the business of providing shipping services[1]
- Market Cap ₹ 526 Cr.
- Current Price ₹ 214
- High / Low ₹ 425 / 183
- Stock P/E 21.7
- Book Value ₹ 86.1
- Dividend Yield 0.00 %
- ROCE 20.0 %
- ROE 23.0 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 12.2% over last 3 years.
- Working capital days have increased from 42.2 days to 91.4 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 91 | 89 | 72 | 111 | 135 | |
| 75 | 67 | 52 | 84 | 90 | |
| Operating Profit | 16 | 22 | 20 | 28 | 45 |
| OPM % | 17% | 25% | 28% | 25% | 33% |
| 6 | 3 | 11 | 3 | -0 | |
| Interest | 6 | 4 | 4 | 5 | 5 |
| Depreciation | 17 | 18 | 16 | 13 | 14 |
| Profit before tax | -1 | 3 | 10 | 12 | 26 |
| Tax % | 168% | 24% | 18% | 17% | 3% |
| -3 | 2 | 8 | 10 | 25 | |
| EPS in Rs | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 161% |
| TTM: | 176% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 74 | 76 | 84 | 94 | 99 | 187 |
| 94 | 86 | 61 | 49 | 46 | 45 | |
| 26 | 21 | 22 | 33 | 22 | 21 | |
| Total Liabilities | 193 | 182 | 167 | 176 | 185 | 277 |
| 125 | 119 | 91 | 86 | 82 | 83 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 13 | 31 | 5 | 11 | 9 |
| 65 | 50 | 44 | 84 | 92 | 186 | |
| Total Assets | 193 | 182 | 167 | 176 | 185 | 277 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 32 | 25 | 15 | 5 | 12 | |
| -25 | -19 | 15 | 19 | -15 | |
| -1 | -16 | -29 | -17 | -8 | |
| Net Cash Flow | 7 | -10 | 1 | 7 | -11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 74 | 64 | 65 | 79 | 87 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 74 | 64 | 65 | 79 | 87 |
| Working Capital Days | -50 | -51 | 16 | 20 | 91 |
| ROCE % | 4% | 3% | 11% | 20% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
25 November 2024 - ABS Marine Services Limited has informed about Outcome of Analysts/Institutional Investor Meet
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Analysts/Institutional Investor Meet/Con. Call Updates
22 November 2024 - ABS Marine Services Limited has informed about Schedule of meet
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Copy of Newspaper Publication
13 November 2024 - ABS Marine Services Limited has informed about Copy of Newspaper Publication regarding the Financial Results for the First Half Year April 2024- September 2024.
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Statement of deviation(s) or variation(s) under Reg. 32
12 November 2024 - ABS Marine Services Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
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Outcome of Board Meeting
12 November 2024 - ABS Marine Services Limited has informed regarding Board meeting held on November 12, 2024.
Annual reports
Concalls
-
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