Global Offshore Services Ltd
Incorporated in 1976, Global Offshore Services Ltd is in the business of chartering offshore support vessels[1]
- Market Cap ₹ 108 Cr.
- Current Price ₹ 43.5
- High / Low ₹ 70.4 / 19.6
- Stock P/E
- Book Value ₹ 85.4
- Dividend Yield 0.00 %
- ROCE -11.4 %
- ROE -33.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.51 times its book value
- Debtor days have improved from 67.4 to 44.5 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -17.2% over past five years.
- Promoter holding is low: 33.3%
- Company has a low return on equity of -36.4% over last 3 years.
- Working capital days have increased from -348 days to 125 days
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
153 | 177 | 131 | 90 | 160 | 98 | 76 | 65 | 71 | 61 | 47 | 30 | 26 | |
68 | 75 | 73 | 46 | 89 | 66 | 64 | 50 | 48 | 46 | 46 | 46 | 29 | |
Operating Profit | 85 | 102 | 59 | 44 | 71 | 33 | 12 | 15 | 23 | 16 | 1 | -17 | -3 |
OPM % | 56% | 58% | 45% | 49% | 44% | 33% | 16% | 23% | 32% | 25% | 2% | -56% | -11% |
2 | 3 | 4 | 2 | 0 | 15 | -119 | -36 | -40 | 12 | -16 | 217 | 394 | |
Interest | 24 | 23 | 16 | 9 | 19 | 20 | 21 | 27 | 25 | 18 | 19 | 3 | -4 |
Depreciation | 30 | 23 | 23 | 13 | 22 | 23 | 24 | 23 | 24 | 26 | 28 | 24 | 13 |
Profit before tax | 33 | 59 | 24 | 23 | 30 | 5 | -152 | -72 | -67 | -17 | -62 | 173 | 383 |
Tax % | 1% | 14% | 3% | 8% | 1% | 5% | 0% | -0% | 3% | -3% | -0% | 1% | |
33 | 50 | 23 | 21 | 30 | 4 | -152 | -72 | -65 | -17 | -62 | 172 | 382 | |
EPS in Rs | 13.43 | 20.28 | 9.29 | 8.36 | 12.14 | 1.74 | -61.31 | -29.02 | -26.22 | -6.96 | -25.09 | 69.55 | 154.28 |
Dividend Payout % | 18% | 12% | 13% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -16% |
5 Years: | -17% |
3 Years: | -25% |
TTM: | -33% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -11% |
3 Years: | -49% |
TTM: | 77% |
Stock Price CAGR | |
---|---|
10 Years: | -17% |
5 Years: | 31% |
3 Years: | 88% |
1 Year: | 114% |
Return on Equity | |
---|---|
10 Years: | -6% |
5 Years: | -25% |
3 Years: | -36% |
Last Year: | -34% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 24 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
Reserves | 256 | 322 | 319 | 354 | 386 | 390 | 238 | 167 | 102 | 85 | 23 | 195 | 186 |
427 | 343 | 334 | 298 | 401 | 376 | 370 | 389 | 417 | 397 | 408 | 39 | 33 | |
22 | 31 | 31 | 31 | 20 | 25 | 46 | 62 | 94 | 106 | 128 | 26 | 27 | |
Total Liabilities | 730 | 721 | 709 | 708 | 832 | 816 | 679 | 642 | 638 | 612 | 584 | 285 | 272 |
539 | 502 | 436 | 403 | 545 | 519 | 492 | 463 | 451 | 453 | 429 | 129 | 130 | |
CWIP | 0 | 2 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 93 | 112 | 156 | 205 | 205 | 205 | 113 | 113 | 113 | 113 | 113 | 113 | 113 |
98 | 105 | 117 | 95 | 82 | 93 | 73 | 66 | 73 | 46 | 41 | 43 | 28 | |
Total Assets | 730 | 721 | 709 | 708 | 832 | 816 | 679 | 642 | 638 | 612 | 584 | 285 | 272 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
136 | 44 | 52 | 45 | 66 | 48 | 7 | 12 | 25 | 11 | 11 | -1 | |
-107 | 36 | -5 | -9 | -159 | -13 | -1 | -8 | -12 | -4 | -5 | 66 | |
-47 | -76 | -54 | -23 | 87 | -40 | -4 | -4 | -7 | -12 | -2 | -69 | |
Net Cash Flow | -19 | 4 | -7 | 13 | -6 | -5 | 2 | -1 | 5 | -4 | 4 | -4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 81 | 75 | 137 | 104 | 64 | 81 | 64 | 60 | 70 | 92 | 65 | 44 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 81 | 75 | 137 | 104 | 64 | 81 | 64 | 60 | 70 | 92 | 65 | 44 |
Working Capital Days | 10 | 6 | 76 | 12 | 9 | -33 | -451 | -984 | -1,426 | -405 | -763 | 125 |
ROCE % | 8% | 12% | 6% | 5% | 7% | 1% | -1% | -1% | -0% | -2% | -6% | -11% |
Documents
Announcements
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Outcome Of Board Meeting Held On 26Th March 2024
2d - Pursuant to the authority granted by the Company''s Shareholders vide their Postal Ballot Resolution passed on 16.12.2020, Board at its meeting held on 26.03.2024 resolved …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Mar
-
Announcement under Regulation 30 (LODR)-Change in Directorate
5 Feb - Appointment of Mr. Jisupriya Guhathakurta as an Additional and Independent Director
- Board Meeting Outcome for Outcome Of The Board Meeting Dated 5Th February 2024 5 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2 Feb
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Business Operations:[1][2]
Company's vessels support Oil and Gas Exploration efforts involving:
a) Transport of personnel to rigs /
platforms from onshore bases and
vice-versa.
b) Delivery of cargo/material to rigs/
platforms
c) Anchor handling operations
d) Towing of rigs from one location
to another.
e) Support to offshore / underwater
construction projects
f) Company’s vessels support oil and gas exploration activities and offshore projects
g) Platform Supply Vessels owned and operated by the company and its subsidiaries are deployed in India and West Africa
h) Company’s anchor handling tug cum supply vessels (AHTSV) are deployed in India and Brazil