Garware Offshore Services (BOM:501848) ROCE %: -7.79% (As of Mar. 2026)


BOM:501848 Garware Offshore Services Ltd BOM:501848
61 GF Score
Price ₹49.88
GF Value ₹60.50
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Garware Offshore Services ROCE %?

Garware Offshore Services BOM:501848 -0.28% 61 ROCE % is -7.79% as of Mar. 2026. GuruFocus rates BOM:501848 with a GF Score™ of 61/100 and a GF Value™ of ₹60.50 (Modestly Undervalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Garware Offshore Services's annualized ROCE % for the quarter that ended in Mar. 2026 was -7.79%.

Garware Offshore Services  (BOM:501848) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Garware Offshore Services ROCE % Related Terms

Garware Offshore Services ROCE % Historical Data

* Premium members only.

The historical data trend for Garware Offshore Services's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Garware Offshore Services ROCE % Chart

Garware Offshore Services Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 77.37 4.75 -2.48

Garware Offshore Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.18 -3.56 1.99 -0.37 -7.79
BOM:501848
61GF Score
Garware Offshore Services Ltd BOM:501848
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Garware Offshore Services ROCE % Calculation

Garware Offshore Services's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=-40.012/( ( (1791.267 - 310.24) + (2062.032 - 315.457) )/ 2 )
=-40.012/( (1481.027+1746.575)/ 2 )
=-40.012/1613.801
=-2.48 %

Garware Offshore Services's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-136.08/( ( (0 - 0) + (2062.032 - 315.457) )/ 1 )
=-136.08/( ( 0 + 1746.575 )/ 1 )
=-136.08/1746.575
=-7.79 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -7.79% mean?
Garware Offshore Services (BOM:501848) has a ROCE % of -7.79% as of Mar. 2026.
Is Garware Offshore Services' ROCE % too high?
Garware Offshore Services' current ROCE % is -7.79%. Overall, Garware Offshore Services has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Garware Offshore Services' ROCE % compare to competitors?
Garware Offshore Services' ROCE % of -7.79% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.73. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.73, based on 990 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Offshore Services's current ROCE % is -7.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Offshore Services stock overvalued right now?
Based on GuruFocus' analysis, Garware Offshore Services (BOM:501848) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹60.50, compared to a current price of ₹49.88 — trading 17.6% below its estimated fair value. The current ROCE % is -7.79%. Garware Offshore Services' overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Garware Offshore Services (BOM:501848), the current ROCE % is -7.79% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Garware Offshore Services (BOM:501848) Overvalued in 2026?

Based on GuruFocus' analysis, Garware Offshore Services stock appears to be undervalued. The current stock price of ₹49.88 is trading 17.6% below its estimated GF Value™ of ₹60.50. GuruFocus considers Garware Offshore Services to be Modestly Undervalued.

Key valuation signals for BOM:501848:

  • ROCE %: -7.79%
  • GF Value™: ₹60.50 vs. price of ₹49.88 (17.6% below fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the BOM:501848 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Garware Offshore Services Business Description

Address D.N. Road, 3rd Floor, Prospect Chambers, Fort, Bazargate, Mumbai, MH, IND, 400001
Garware Offshore Services Ltd, formerly known as Global Offshore Services Ltd, is an Indian firm engaged in providing offshore support services to exploration and production companies. The company's vessels support oil and gas exploration efforts involving: the transport of personnel to rigs/platforms from onshore bases and vice-versa, delivery of cargo/material to rigs/platforms, anchor handling operations, towing of rigs from one location to another, support to offshore/underwater construction projects, the platform supply vessels owned and operated by the company and its subsidiaries are deployed in India, the North Sea, Brazil, and West Africa. The charter hire segment constitutes the majority of the company's revenue.
61GF Score

Get the complete analysis for BOM:501848

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹49.88
Price
₹60.50
GF Value