The shares of an Indian Shipping company involved in the business of providing shipping services have given 15 percent returns in the past month. As the company’s key developments for FY25 involve receiving orders worth Rs. 365 crores, more than its market capitalization
The shares of ABS Marine Services Ltd, with a market capitalization of Rs. 319 crores on Friday. Its shares are trading at a CMP of Rs 130, against the previous closing price of Rs 127.40. The stock has hit a 2 percent upper circuit. The stock has given Good returns of 15.26 percent in the past month.
What’s The News
ABS Marine has secured multiple high-value contracts, which is more than its market capitalization of Rs 319 crores, strengthening its presence in the offshore maritime segment.
The orders are as below
The company got a Rs 7 crore, 5-year contract from Visakhapatnam Port Authority to provide fire tender services, including manpower and maintenance. It has also secured a Rs 10.23 crore, 5-year contract from Chennai Port Authority for the supply of a high-speed patrol boat.
In the offshore segment, ABS Marine has significantly expanded its footprint with Oil and Natural Gas Corporation (ONGC). The company began a 3-year charter agreement worth Rs 102 crore for deploying an offshore supply vessel.
It also started a 184-day charter on March 27, 2025, for a DP2 offshore vessel valued at Rs 27.97 crore, and a 158-day charter on May 3, 2025, via Alphard Logistics for a DP2 platform supply vessel worth Rs 20.60 crore. Furthermore, ABS Marine signed a Rs 197 crore agreement with Schlumberger Asia Services to convert and supply a vessel for well stimulation services.
Since its IPO, ABS Marine has chartered two vessels to ONGC and has contracted another, yet to be delivered. These contracts, funded through a mix of debt and equity, underline the company’s strong chartering capability and ensure solid earnings visibility through FY26.
ABS Marine Services Limited was established in 1992 & headquartered in Chennai, The company has evolved as a leading force in the maritime industry over the last 30 years. The company specializes in Ship Management, Vessel Ownership, Marine Services, and Port Services.
With an international presence & strategically positioned offices in Mumbai, Kochi, Singapore & Kakinada, ABS has been delivering “global solutions for the shipping world” with a prime focus on safety and energy conservation onboard and ashore. The company operates within four business verticals and currently holds contracts with ten strategic government entities. The Company owns five ships outright and has one long-term chartered-in ship.
Written by Likesh Babu S
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