Top 10 ASX Dividend Stocks for Nov 2026 Download Free Report

Bhagwan Marine Ltd

Company price
0.28 AUD 0.00(0%)
Last update at 2026-11-12T05:10:00Z
VOLUME
103214
Market Cap
105.45M

Momentum Score

…

Bhagwan Marine Limited, a marine services company, owns and operates various vessels that provides marine solutions for the offshore energy and resources, subsea, ports and inshore, and defense sectors in Australia. Its port services, including wharf and jetty construction support, crew change/transfers, harbor towage, line boats, inshore survey, geotechnical support, general marine project support, ship supply runs, navigational aid maintenance, mooring installation, maintenance and removal, mooring hire, vessel line handling, berthing, transshipping, dredging support, bed levelling, and port security vessels; and offshore energy services comprising anchor handling tug supply vessels, crew transfer vessels, dive support vessels, top barges and materials handling barges, landing barges, multicats, tug boats, and utility vessels, as well as other specialist vessels. The company also offers offshore subsea services, such as air diving, subsea engineering, inspection, maintenance and repair (IMR), asset integrity, life extension, integrated remotely operated vehicle (ROV), geophysical and geotechnical, and hydrographic surveys; commercial diving services; civil construction support services; and project management services. In addition, it provides subsea IMR, construction, and decommissioning services. Further, the company has a total fleet of approximately 95 vessels. Bhagwan Marine Limited was incorporated in 1985 and is headquartered in Perth, Australia.

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Day Price Range
0.27
Low
0.28
High
52 Week Price Range
0.24
Low
0.54
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public disclosures for Bhagwan Marine Ltd are limited, preventing a reliable description of its core operations, markets or financial position. Because substantive long-term growth drivers are not clearly documented, investors should monitor regulatory filings, contract announcements and audited results to evaluate whether the company can deliver exposure to marine services or equipment markets and convert any stated plans into revenue.
The primary investment risks are scarce public information, low liquidity, small-cap execution and financing risk, and uncertainty around operational and regulatory performance that complicate assessment of long-term viability.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.28
Dividend Yield
2.91%
Revenue TTM
235.91M
Revenue Per Share
0.76
Gross Profit TTM
59.26M
Debt / Equity
0.73
ROE
-0.11%
Net Debt
133.76M
ROCE
1.96%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax 1.53M 19.33M 7.94M 10.00M 2.40M
Net income -0.20M 12.49M 5.55M 17.30M 2.40M
Selling general administrative 108.16M 128.49M 117.18M 19.50M 16.00M
Gross profit 22.58M 264.76M 247.03M 57.40M 40.20M
Reconciled depreciation 36.68M 28.07M 23.57M 21.00M 19.40M
Ebit 7.47M 22.51M 8.94M 16.70M 7.10M
Ebitda 44.16M 50.58M 32.50M 37.70M 26.50M
Depreciation and amortization 36.68M 28.07M 23.57M 21.00M 19.40M
Operating income 7.47M 22.11M 17.11M 16.90M 4.80M
Other operating expenses 228.44M 260.92M 252.73M 152.10M 129.90M
Interest expense 5.47M 3.18M 1.00M 6.70M 4.70M
Tax provision 1.73M 6.84M 2.39M -7.30M 0.00M
Interest income 0.90M 0.53M 0.25M - -
Net interest income -4.57M -3.71M -9.17M -6.70M -4.70M
Income tax expense 1.73M 6.84M 2.39M -7.30M -
Total revenue 235.91M 283.04M 269.84M 169.00M 134.70M
Total operating expenses 15.11M 242.64M 229.93M 40.50M 35.40M
Cost of revenue 213.33M 18.28M 22.80M 111.60M 94.50M
Total other income expense net -5.94M -2.79M -9.17M -6.90M -2.40M
Net income from continuing ops -0.20M 12.49M 5.55M 17.30M 2.40M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 476.93M 281.79M 254.15M 0.00M 0.00M
Intangible assets 25.26M - - - -
Other current assets 4.45M 3.94M 3.48M - -
Total liab 260.29M 113.98M 176.08M 0.00M 0.00M
Total stockholder equity 216.65M 167.81M 78.08M 0.00M 0.00M
Other current liab 32.32M 22.16M 25.00M - -
Common stock 190.74M 142.06M 65.26M - -
Capital stock 190.74M 142.06M 65.26M - -
Retained earnings -37.70M -44.13M -44.13M - -
Good will 44.24M - - - -
Cash 23.85M 16.19M 1.35M - -
Total current liabilities 96.28M 78.04M 135.96M 0.00M 0.00M
Net debt 133.76M 49.91M 92.40M - -
Short term debt 36.50M 36.77M 54.48M - -
Short long term debt 23.54M 22.00M 45.35M - -
Short long term debt total 157.61M 66.10M 93.75M - -
Total current assets 103.00M 75.00M 89.99M 0.00M 0.00M
Long term investments 13.41M 1.45M 1.45M - -
Net receivables 67.11M 52.58M 82.96M - -
Long term debt 86.79M 11.20M 32.12M - -
Inventory 7.60M 2.29M 2.20M - -
Accounts payable 27.46M 19.12M 56.48M - -
Accumulated other comprehensive income 63.60M 69.87M 56.94M - -
Non currrent assets other - 11.73M 11.01M - -
Non current assets total 373.93M 206.79M 164.17M 0.00M 0.00M
Capital lease obligations 47.28M 32.91M 16.28M - -
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - - -12.06M - -
Total cashflows from investing activities -118.01M -37.46M -12.06M - -
Net borrowings 77.14M -44.55M -1.78M - -
Total cash from financing activities 89.29M 16.48M -15.66M - -
Net income -0.20M 12.49M 5.55M 17.30M 2.40M
Change in cash 7.66M 14.84M 1.31M - -
Begin period cash flow 16.19M 1.35M 0.04M - -
End period cash flow 23.85M 16.19M 1.35M 0.04M -
Total cash from operating activities 36.38M 35.82M 29.04M - -
Issuance of capital stock 28.68M 76.80M - - -
Depreciation 36.68M 28.07M - - -
Other cashflows from investing activities - 0.90M 1.58M - -
Dividends paid 2.95M - - - -
Change to inventory -0.96M -0.09M - - -
Change to account receivables 5.04M 30.37M - - -
Sale purchase of stock - - -0.65M - -
Other cashflows from financing activities -13.57M -15.77M -13.24M - -
Capital expenditures 27.24M 38.36M 13.65M 0.00M 0.00M
Change in working capital -3.05M -11.05M - - -
Other non cash items 2.94M 6.31M 23.49M - -
Free cash flow 9.14M -2.54M 15.39M - -

Peer Comparison*

Sector: Industrials Industry: Marine Shipping

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
BWN
Bhagwan Marine Ltd
-
-%
0.28 - 7.79 0.45 0.49 1.01 5.69

Profile*

Bhagwan Marine Ltd

Bhagwan Marine Limited, a marine services company, owns and operates various vessels that provides marine solutions for the offshore energy and resources, subsea, ports and inshore, and defense sectors in Australia. Its port services, including wharf and jetty construction support, crew change/transfers, harbor towage, line boats, inshore survey, geotechnical support, general marine project support, ship supply runs, navigational aid maintenance, mooring installation, maintenance and removal, mooring hire, vessel line handling, berthing, transshipping, dredging support, bed levelling, and port security vessels; and offshore energy services comprising anchor handling tug supply vessels, crew transfer vessels, dive support vessels, top barges and materials handling barges, landing barges, multicats, tug boats, and utility vessels, as well as other specialist vessels. The company also offers offshore subsea services, such as air diving, subsea engineering, inspection, maintenance and repair (IMR), asset integrity, life extension, integrated remotely operated vehicle (ROV), geophysical and geotechnical, and hydrographic surveys; commercial diving services; civil construction support services; and project management services. In addition, it provides subsea IMR, construction, and decommissioning services. Further, the company has a total fleet of approximately 95 vessels. Bhagwan Marine Limited was incorporated in 1985 and is headquartered in Perth, Australia.

Australia Place, Perth, WA, Australia, 6000

61 8 9424 2300

1000

Name Title Year Born
Mr. Loui Kannikoski Founder, CEO, MD & Director NA
Mr. Mark Annand Chief Operating Officer NA
Mr. Andrew Wackett B.Com., FCPA Executive Director of Finance & Director NA
Ms. Cheryl Williams CFO & Joint Company Secretary NA
Janine Sirgel Financial Controller NA
Mr. Darryl Edwards Joint Company Secretary NA
Andy Cowan General Manager of QHSE NA
Ms. Kerren Kannikoski General Manager of Corporate Services NA
Peter Carmichael General Manager of West Coast Operations NA
Kevin Clifford General Manager of Operations East Coast NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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