S Bhattacharya

Newbie in Stock Markets.

[S Bhattacharya @sourodeep_b]

@Akash17971 Anawil Wire and Engineering

[S Bhattacharya @sourodeep_b]

@IbrahimTai12 @Triplearrowcap Can't say for sure. There is general market weakness as observed today that's why stocks are falling on low volume. Anyways, fingers crossed.

[S Bhattacharya @sourodeep_b]

@IbrahimTai12 @Triplearrowcap Not really. Even I saw that it is scheduled in Aug. Lets hope that promoters give an update, when it commences. August is about to end.

[S Bhattacharya @sourodeep_b]

@Akshit527 Sound advice. It is really important to keep in mind the opportunity cost in a non-portfolio stock which cna generate better returns while staying invested.

[S Bhattacharya @sourodeep_b]

Reacher: "I move around, I don't get attached."
Also Reacher: holds kitten like a prized tactical asset.

[S Bhattacharya @sourodeep_b]

@sankhadip_c @_healthZwealth_ Haha, same feeling😅. Although i was lucky to get in 1-2 SMEs before March, but only single lots.

[Aethos Wealth @AethosWealth]

A ₹600 Cr Mcap company running ships for ONGC, NTPC and the Indian Navy ecosystem, available at under 7x earnings. Most people scrolling past SME stocks have never heard of it.

25.97% RoE. 47% EBITDA margin. Zero debt-funded dividend distraction, all cash going back into the fleet.

-

What it actually does
- Four verticals: ship owning, ship management, marine services, port services
- Owns 12 vessels outright, manages 38 more (crew, technical, compliance) for third parties
- Ship management fees are the annuity business, low capital, high stickiness
- Port services (pilotage, mooring, firefighting, oil spill response) is the counter cyclical leg

The scale up so far
- Owned fleet went from 9 to 12 vessels in FY26 alone
- Gross fixed assets tripled, from ₹183 Cr to ₹503 Cr
- Consolidated income up 75% YoY to ₹322 Cr, first time crossing ₹300 Cr
- EBITDA margin expanded from 29.65% to 47.28% simply by owning more of the fleet it operates, instead of sub chartering

The new ships and contracts that just landed, and why FY27 looks like the payoff year.

New ships added in FY26
- ARTEMIS, offshore support vessel, ~1,737 gross tonnes, ex-Hades, acquired and reflagged Indian in May 2026
- AM PASSION, well stimulation vessel, ~4,424 gross tonnes
- SERENITY, multi-purpose support vessel, ~3,891 gross tonnes, ex-Mamola Serenity
- Owned fleet moves from 9 to 12, vessels under total management from 36 to 38

Contracts signed or fixed
- ARTEMIS fixed with Hardy Exploration & Production (India) Inc. for the PY-3 field, 1,825 days, aggregate charter value ₹126 Cr including GST (subsequent to year end)
- AM PASSION deployed under Schlumberger Asia Services Limited, 3 years, ₹178 Cr
- New Mangalore Port Authority work order (July 2026) for two multipurpose fire tenders plus manpower, 5 years
- Deendayal Port Authority, qualified fire service personnel for the DPA fire brigade section, 3 years, ₹3.79 Cr
- Two new DP2 OSVs already contracted for FY26 delivery per the FY25 order book

Verticals ramping up
- Ship owning is now the dominant vertical: revenue from owned and deployed vessels rose 160% YoY to ₹251 Cr
- Three vessels that earned nothing in FY25 (AM Passion, Ocean Diamond, Emerald) contributed ₹117 Cr in FY26, 46.6% of owned vessel revenue
- Port services is the quiet compounder, pilotage, mooring, firefighting, oil spill response, all multi-year recurring contracts with low capex
- Ship management stays the credibility engine, 38 vessels under management is what keeps ABS prequalified for new government tenders

The growth engine into FY27
- SERENITY was still completing statutory certification at year end, its earnings only start in FY27
- ARTEMIS and AM PASSION also entered late FY26, so FY27 is the first full year of contribution from all three
- Board raised the borrowing limit from ₹600 Cr to ₹1,000 Cr and the investment/guarantee limit to ₹600 Cr in August 2026, both point to further fleet buildout being planned
- Explicit FY27 priority stated by management: convert short-term deployments into long-term charters and keep bidding for oil major and port authority tenders, while holding the 75:25 debt to equity discipline

Worth watching
- Utilisation risk on newly acquired tonnage until contracts are firmed up
- Debt to equity already at 1.21x, further fleet additions will test that discipline

No Recommendation.

Why margins jumped
- Every vessel moved from third party charter to owned operation keeps the spread in house
- Charter hire that used to leave the P&L as an expense now shows up as depreciation and interest below EBITDA

The tailwind
- India's offshore push: record exploratory drilling, ~$210 Bn in offshore capex globally since 2023
- Domestic policy: Maritime Development Fund (₹25,000 Cr), Amrit Kaal Vision 2047 targeting 1,000 new ships, ~₹25,000 Cr of port projects on PPP
- Global OSV supply is ageing and newbuild capacity is tight, that supports day rates for anyone holding modern DP-2 tonnage
- 10 strategic contracts held directly with government authorities, top 10 clients are ~90% of revenue

Cash and the balance sheet
- Operating cash flow of ₹167.62 Cr in FY26, 110% of EBITDA, a genuinely high quality conversion number
- This is still an investment phase though, capex outran operating cash flow this year as the fleet tripled
- Financing stays disciplined at a 75:25 debt to equity model, no dividend paid for the third year running by design, not distress
- Management's own words: "the year the fleet started paying for itself"

Risks worth flagging
- Client concentration (top 10 = ~90% of revenue)
- Debt to equity moved from 0.77x to 1.21x as the fleet expanded
- Two new vessels (Artemis, Serenity) weren't earning for a full year yet, FY27 is the test of utilization

#ABSMarine
No Recommendation.

[the boi 🐂💸 @boidawonda]

more important than technicals and fundamentals

which most don't ever get to is the mental

- stomaching the volatility
- handling 6-7 figures $$ losses
- holding onto 7-8 figures $$ gains

this shit ain't for the weak, plus most don't even think big enough

u see, what nobody taught me but i was lucky to learn early enough was that there are no rules and there is no limit to how much u can make

shit, our ancestors were on horses fighting wars and we get to sit on our desks and press red green buttons all day, and people are still taking this shit for granted

me, i see opportunities everywhere. and i thank god for them every single day

u will never be richer than u are today, because everything is guaranteed today, so make sure to have as much fun as u can

shit, u saw the 15L loss i took yesterday, but i'm still having the time of my life

up. only

[S Bhattacharya @sourodeep_b]

@Akash17971 A lot of SMEs have run up tho. But a few good ones can still be found for long term.

[S Bhattacharya @sourodeep_b]

@Triplearrowcap Website looks great, congratulations 👏

[S Bhattacharya @sourodeep_b]

@Dhruvapandey @TheKenWeb Article was so bs, that E2E themselves put out statement regarding it 😂😂😂

[S Bhattacharya @sourodeep_b]

@boidawonda @Aman81407075 Really love your posts, guys like you ooze the much needed optimism in this market ❤️❤️

[S Bhattacharya @sourodeep_b]

@unrealpathan This is a real shot? Wtf 😭

[Shashank Mattoo @MattooShashank]

Breaking: India, China will be targeted by upto 100% tariffs for buying Russian energy while Europe gets a free pass, admits US Senator

"This bill is carefully crafted to make sure we are not hitting our allies and that we are hitting India and China"

[S Bhattacharya @sourodeep_b]

@InvestInMicro Happy to see you back again ❤️🔥

[S Bhattacharya @sourodeep_b]

@investwithyash_ Better to wait a few days for their exit?

[S Bhattacharya @sourodeep_b]

Damn, this is scary. Imagine outrunning this thing😬

[Chay Bowes @BowesChay]

Chinese company Unitree reveal their "all terrain" wheeled robot.

The military potential for this technology is obvious.

Europe is so far behind China, its scary.

[S Bhattacharya @sourodeep_b]

Seriously, that is basic arithmetic 😂.

[S Bhattacharya @sourodeep_b]

@Cryptified_Soul 40 days why? Because US has 40 days of reserves left?