ABS Marine Services Receives CRISIL Rating Upgrade; Long-Term Rating Elevated to A-/Stable
Mumbai 26 June 2026 — ABS Marine Services Limited, a leader in maritime services, has announced that CRISIL Ratings has upgraded its company's bank facility ratings. The upgrade reflects the company’s sustained business growth, robust revenue performance, and healthy financial profile across its operations.CRISIL has enhanced the total bank loan facilities for ABS Marine Services from ₹ 370.50 crore to ₹ 505.50 crore.
The revised credit ratings are as follows:
| Rating Type | Previous CRISIL Rating | Upgraded CRISIL Rating |
|---|---|---|
| Long-Term Bank Facilities | BBB+/Stable | A-/Stable |
| Short-Term Bank Facilities | A2 | A2+ |
The upgrade comes amid the company’s commitment to disciplined growth and operational excellence.
Strengthening Business Fundamentals
CRISIL cited several factors for making the rating adjustment, including ABS Marine Services' established market position in the shipping services industry, strong operating margins, healthy liquidity, and comfortable debt protection metrics. The agency also highlighted the company’s growing charter business, expanding fleet, and robust revenue visibility provided by long-term contracts with major clients such as ONGC and Schlumberger.
Captain P.B. Narayanan, Managing Director of ABS Marine Limited, commented on the development, stating that the upgrade affirms the sustained progress achieved in strengthening the company's financial and operational performance. He noted that this recognition underscores the resilience of the business model, the quality of long-term client relationships, and the commitment to sustainable growth.
Company Overview and Financial Performance
ABS Marine Services Limited was established in 1992 and is one of the leading maritime companies specializing in Vessel Ownership, Ship Management, Marine, and Port Services. The company maintains offices across Mumbai, Kochi, Singapore, and Kakinada, providing comprehensive maritime solutions globally. With over three decades of experience, ABS focuses on safety and energy conservation within the industry.
For FY26, the company reported consolidated financial figures including Total Income of ₹ 322.64 Cr, EBITDA of ₹ 152.55 Cr, and a Net Profit of ₹ 80.80 Cr.
ABSMARINE Stock Price Movement
Shares of ABS Marine Services Limited slipped, closing down 3.09% to settle at ₹239.95 on Thursday. The stock had struggled throughout the session, finding an intraday low near ₹237 and trading with a volume of 53,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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