ABS Marine Services Ltd. (AMSL) began with 2 offshore vessels and now owns 5, including advanced vessels for oil & gas and harbor crafts for Indian ports. It also manages 12 vessels for various clients. With a solid track record, it reported an average EPS of Rs. 9.06 and RoNW of 15.06%. Priced at a P/BV of 2.26 based on NAV of Rs. 65.10 as of March 31, 2024, AMSL hasn't declared dividends but has seen profit triple since FY22 and margins increase 1.5X. Engaged in offshore vessel and crew management, it's poised for growth with six high-margin contracts underway. However, at the current price, investors may consider long-term benefits.