Global Offshore Services Ltd

₹ 59.3 2.33%
Jan 25 10:22 a.m.
About

Global Offshore Services is engaged in the business of chartering out offshore support vessels. (Source : 201903 Annual Report Page No:42)

  • Market Cap 147 Cr.
  • Current Price 59.3
  • High / Low 66.0 / 5.45
  • Stock P/E
  • Book Value 31.6
  • Dividend Yield 0.00 %
  • ROCE -1.97 %
  • ROE -24.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.46% over past five years.
  • Promoter holding is low: 33.29%
  • Company has a low return on equity of -17.45% for last 3 years.
  • Debtor days have increased from 73.89 to 92.20 days.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Shipping Industry: Shipping

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
16 17 15 18 19 19 16 13 15 17 13 10
12 14 12 15 12 10 10 13 12 12 11 12
Operating Profit 4 3 3 3 7 9 7 0 3 5 2 -3
OPM % 25% 16% 21% 18% 36% 48% 42% 3% 22% 29% 14% -26%
Other Income 14 -11 -0 -10 -3 -27 -1 13 4 -3 -6 1
Interest 7 7 6 6 6 6 5 5 4 4 4 5
Depreciation 6 6 6 6 6 6 6 6 7 7 6 11
Profit before tax 5 -20 -10 -19 -9 -30 -5 2 -4 -9 -14 -17
Tax % 1% 0% -0% -0% -1% 7% -1% 2% -1% -5% -0% -0%
Net Profit 5 -20 -10 -19 -9 -28 -5 2 -4 -9 -15 -17
EPS in Rs 1.98 -8.23 -3.94 -7.51 -3.54 -11.22 -2.18 0.77 -1.74 -3.81 -5.87 -6.85

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
181 170 153 177 131 90 160 98 76 65 71 61 55
80 73 68 75 73 46 89 66 64 50 48 46 47
Operating Profit 102 97 85 102 59 44 71 33 12 15 23 16 7
OPM % 56% 57% 56% 58% 45% 49% 44% 33% 16% 23% 32% 25% 14%
Other Income 7 2 2 3 4 2 0 15 -119 -36 -40 12 -4
Interest 32 26 24 23 16 9 19 20 21 27 25 18 17
Depreciation 34 34 30 23 23 13 22 23 24 23 24 26 31
Profit before tax 43 39 33 59 24 23 30 5 -152 -72 -67 -17 -45
Tax % 5% -2% 1% 14% 3% 8% 1% 5% 0% -0% 3% -3%
Net Profit 41 40 33 50 23 21 30 4 -152 -72 -65 -17 -45
EPS in Rs 17.21 16.82 13.43 20.28 9.29 8.36 12.14 1.74 -61.31 -29.02 -26.22 -6.96 -18.27
Dividend Payout % 13% 14% 18% 12% 13% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -10%
5 Years: -17%
3 Years: -7%
TTM: -18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 3%
TTM: -109%
Stock Price CAGR
10 Years: -2%
5 Years: -3%
3 Years: 61%
1 Year: 566%
Return on Equity
10 Years: 1%
5 Years: -10%
3 Years: -17%
Last Year: -24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
24 24 24 25 25 25 25 25 25 25 25 25 25
Reserves 241 270 254 322 319 354 386 390 238 167 102 85 53
Borrowings 503 400 427 343 334 298 401 376 370 389 417 403 83
18 21 24 31 31 31 20 25 46 62 94 106 451
Total Liabilities 785 715 730 721 709 708 832 816 679 642 638 618 612
682 548 539 502 436 403 545 519 492 463 451 453 437
CWIP 18 0 0 2 0 5 0 0 0 0 0 0 0
Investments 3 16 93 112 156 205 205 205 113 113 113 113 113
83 151 98 105 117 95 82 93 73 66 73 52 61
Total Assets 785 715 730 721 709 708 832 816 679 642 638 618 612

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
60 42 136 44 52 45 66 48 7 12 25 11
47 107 -107 36 -5 -9 -159 -13 -1 -8 -12 -4
-111 -132 -47 -76 -54 -23 87 -40 -4 -4 -7 -6
Net Cash Flow -4 17 -19 4 -7 13 -6 -5 2 -1 5 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 60 51 81 75 137 104 64 81 64 60 70 92
Inventory Days
Days Payable
Cash Conversion Cycle 60 51 81 75 137 104 64 81 64 60 70 92
Working Capital Days 113 225 166 120 230 199 122 233 101 -12 -175 -405
ROCE % 9% 9% 8% 12% 6% 5% 7% 1% -1% -1% -0% -2%

Shareholding Pattern

Numbers in percentages

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
33.06 33.06 33.06 33.06 33.10 33.10 33.10 33.12 33.29 33.29 33.29 33.29
0.57 0.57 0.57 0.57 0.57 0.57 0.57 0.57 0.57 0.57 0.57 0.93
5.25 5.25 5.25 5.26 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.25
61.12 61.12 61.11 61.10 61.08 61.08 61.08 61.06 60.89 60.89 60.89 60.53

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