ABS Marine Services Shares Rise 5% After Securing ₹119.12 Crore Vessel Charter from OIL India

Key numbers

Market Cap	₹708.76 CrMarine Services
P/E TTM	8.86Sector: 32.32
RSI	48.13Neutral Zone
Order from	OIL India Limited
Execution period	36 months (extendable by 12 months at OIL discretion)
Deal value	₹119.12 Cr
Share of market cap	16.8%
Share of annual revenue	37.3%

Key highlights

• Contract value of approximately ₹119.12 Crore includes GST and potential extensions
• Agreement involves the charter hire of the DP-2 Platform Supply Vessel, M.V. Ocean Diamond
• Fixed execution period of 36 months starting from the date of vessel mobilisation
• Client OIL India Limited holds the discretion to extend the contract by an additional 12 months
• The order represents approximately 16.8% of the company's total market capitalization

A ₹119.12 Crore Multi-Year Charter Win

ABS Marine Services has reached a significant milestone with a ₹119.12 crore contract from OIL India Limited for the charter hire of the M.V. Ocean Diamond. This DP-2 Platform Supply Vessel will be deployed for an initial tenure of 36 months upon mobilisation.

The contract value, which includes GST and the potential for a 12-month extension, is equivalent to 37.3% of the company's annual revenue for the fiscal year ended March 2026. This major win follows a series of offshore support contracts secured throughout 2025 and 2026, marking a continued expansion of the company's operational footprint in the domestic oil and gas logistics sector.

Specific Provisions of the Vessel Agreement

• Contracting Entity: Awarded by M/S. OIL India Limited, a domestic entity
• Primary Scope: Charter hire of an offshore supply vessel for marine operations
• Vessel Category: Deployment of a high-specification DP-2 Platform Supply Vessel
• Financial Terms: Pricing remains the same for the primary and extension periods
• Extension Clause: Provision to extend for 12 months at the sole discretion of the client
• Related Party Interest: No promoter or group company interest in the awarding entity

Scaling Operations in the Offshore Segment

This new order reinforces ABS Marine Services' strategy of securing long-term PSU tenders to provide steady revenue visibility. With its fleet currently scaled to 12 owned vessels and 38 vessels under management, the company is actively bidding for long-term oil major contracts. This award nearly matches the scale of the ₹126.12 crore agreement signed with Hardy Exploration in June 2026.

Management had previously guided for a conservative 10% revenue growth in FY27, backed by high-specification asset deployment. Currently, the company maintains a Piotroski Score of 4 and an annual net profit growth of 194.79% as of the last financial year.

What to watch next

• Board meeting on November 12, 2026, to approve financial results for the half-year ended September 2026
• Mobilisation of M.V. Ocean Diamond for the commencement of the OIL India contract
• Scheduled delivery window for MV SERENITY between November 20 and December 10, 2026

ABS Marine Services · financial snapshot

Share price	₹288.7
Market capitalisation	₹708.76 Cr
Revenue (annual)	₹319.13 Cr
Net profit (annual)	₹80.00 Cr
P/E (TTM)	8.86×Sector 32.32×
Promoter holding	64.04%
FII holding	0.39%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.