ABS Marine Shares Close 3% Higher on Signing ₹26.7 Crore Charter Pact with L&T

Mumbai, October 7, 2025: ABS Marine Services Ltd (BSE: 544090) shares rose more than 3% to close at ₹176 on Tuesday, after the company signed a new charter party agreement with Larsen & Toubro Ltd (L&T) for an offshore supply vessel contract worth around ₹26.70 crore, including GST and possible extensions.

Established in 1992 and listed on the BSE SME platform on May 21, 2024, ABS Marine Services Ltd is engaged in the shipping and offshore logistics industry and provides services in the form of offshore support vessels, marine engineering, subsea operations, and vessel management. The company has its head office in Chennai and is part of the Nifty SME Emerge Index.

Terms of the Charter Agreement

As per the October 6, 2025, exchange filing, Larsen & Toubro (L&T) has chartered a DP-2 platform supply vessel from ABS Marine. The charter is scheduled to commence in the first week of October 2025 for a firm period of 120 days, with an optional extension of 56 days at L&T’s discretion. The contract value is estimated at ₹26.70 crore, inclusive of all taxes. The agreement has been awarded by a local entity and does not qualify as a related-party transaction.

Market Performance and Trading Metrics

ABS Marine shares closed at ₹176, after opening at ₹178.35, with an intraday high of ₹179.80 and a low of ₹171.25 on the trading session. The stock saw trading volumes of 0.55 lakh shares, while the market capitalisation stood at ₹440.67 crore. It trades at a price-to-earnings (P/E) multiple of 15.43. Over the past year, the stock has shown high volatility, moving in a 52-week range of ₹92.10–₹275, with the volume-weighted average price (VWAP) for the day at ₹177.45.

REF: https://nsearchives.nseindia.com/corporate/ABSMARINE_06102025181639_IntimationtoNSEforBaggingofContract.pdf

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