Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹230, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 16x in the Infrastructure industry in India. Total returns to shareholders of 45% over the past year. Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹32.59 (vs ₹11.44 in FY 2025) Full year 2026 results: EPS: ₹32.59 (up from ₹11.44 in FY 2025). Revenue: ₹3.23b (up 79% from FY 2025). Net income: ₹800.0m (up 195% from FY 2025). Profit margin: 25% (up from 15% in FY 2025). The increase in margin was driven by higher revenue. New Risk • May 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (97% accrual ratio). Minor Risks High level of debt (119% net debt to equity). Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₹6.46b market cap, or US$67.0m). Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹263, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 11x in the Infrastructure industry in India. Total returns to shareholders of 106% over the past year. Announcement • May 15
ABS Marine Services Limited to Report Second Half, 2026 Results on May 21, 2026 ABS Marine Services Limited announced that they will report second half, 2026 results on May 21, 2026 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹180, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 9x in the Infrastructure industry in India. Total returns to shareholders of 60% over the past year. New Risk • Nov 27
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 119% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (97% accrual ratio). Minor Risks High level of debt (119% net debt to equity). Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (₹5.25b market cap, or US$58.8m). Announcement • Nov 11
ABS Marine Services Limited to Report First Half, 2026 Results on Nov 12, 2025 ABS Marine Services Limited announced that they will report first half, 2026 results on Nov 12, 2025 Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹208, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 17x in the Infrastructure industry in India. Total loss to shareholders of 15% over the past year. Announcement • Aug 28
ABS Marine Services Limited, Annual General Meeting, Sep 23, 2025 ABS Marine Services Limited, Annual General Meeting, Sep 23, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 28
Full year 2025 earnings released: EPS: ₹11.44 (vs ₹13.10 in FY 2024) Full year 2025 results: EPS: ₹11.44. Revenue: ₹1.80b (up 33% from FY 2024). Net income: ₹271.4m (up 15% from FY 2024). Profit margin: 15% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Board Change • May 14
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Non- Executive Director Shreelatha Narayanan is the most experienced director on the board, commencing their role in 1992. Independent Director Leona Ambuja was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹108, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 18x in the Infrastructure industry in India. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹104, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 17x in the Infrastructure industry in India. Board Change • Mar 06
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Non- Executive Director Shreelatha Narayanan is the most experienced director on the board, commencing their role in 1992. Independent Director Leona Ambuja was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • Jan 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Market cap is less than US$100m (₹3.93b market cap, or US$45.4m). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹144, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 24x in the Infrastructure industry in India. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹162, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 24x in the Infrastructure industry in India. New Risk • Nov 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Market cap is less than US$100m (₹5.05b market cap, or US$59.7m). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹206, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 24x in the Infrastructure industry in India. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹212, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 28x in the Infrastructure industry in India. Announcement • Aug 13
ABS Marine Services Limited, Annual General Meeting, Sep 02, 2024 ABS Marine Services Limited, Annual General Meeting, Sep 02, 2024, at 10:00 Indian Standard Time. Announcement • Aug 08
ABS Marine Services Limited Announces CFO Changes ABS Marine Services Limited at its board meeting held on August 8, 2024, approved the resignation of Ms. Arathi Narayanan as a Chief Financial Officer (CFO) of the Company in terms of provisions of provisions of Regulations L7, 30 of SEBI(LODR), 2015 and Sections 178,179(3),196 of the companies Act, 2013, with effect from August 8, 2024, he will continue to be a Executive Director of the Company. Appointment of Mr. Ananthanarayanan VV as a Chief Financial Officer (CFO) of the Company in terms of provisions of provisions of Regulations 17, 30 of SEBI(LODR), 2015 and Sections 178, 179(3),196 of the companies Act, 2013, with effect from August 8, 2024. Mr. V.V Anantha Narayanan- is the Finance Head of the Company. He is associated with the Company since October 2023. A Commerce graduate from the University of Calicut and Masters in Commerce from Alagappa University and a member of the Institute of Cost and works Accountants of India (ICMAI). Mr. V.V Anantha Narayanan brings with expertise and knowledge in the areas of Accounting, Financial Planning and Analysis, Capital Structuring and compliance matters. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹297, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 36x in the Infrastructure industry in India. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹362, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 37x in the Infrastructure industry in India. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹246, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 32x in the Infrastructure industry in India. Board Change • May 21
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Non- Executive Director Shreelatha Narayanan is the most experienced director on the board, commencing their role in 1992. Independent Director Leona Ambuja was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 