Global Offshore Services Ltd

About [ edit ]

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

  • Market Cap 17.1 Cr.
  • Current Price 6.91
  • High / Low 11.0 / 2.85
  • Stock P/E
  • Book Value -171
  • Dividend Yield 0.00 %
  • ROCE -0.50 %
  • ROE %
  • 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 -21.40% over past five years.
  • Promoter holding is low: 33.29%
  • Contingent liabilities of Rs.10.80 Cr.
  • Earnings include an other income of Rs.232.38 Cr.

Peer comparison

Sector: Shipping Industry: Shipping

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
40 32 31 30 27 28 31 30 30 18 18 20
80 49 45 45 58 44 29 23 1 19 22 22
Operating Profit -40 -17 -14 -15 -31 -16 2 7 28 -1 -4 -2
OPM % -99% -55% -45% -50% -113% -57% 7% 23% 95% -3% -22% -8%
Other Income -3 -17 -7 19 -474 -4 -9 -3 90 -1 13 131
Interest 22 19 19 20 22 20 20 12 21 12 9 9
Depreciation 16 9 9 9 31 10 6 7 7 7 7 8
Profit before tax -81 -62 -49 -26 -559 -50 -33 -15 90 -21 -8 112
Tax % -0% -0% -0% -0% 0% -0% -0% -1% -2% -0% -1% 0%
Net Profit -55 -52 -40 -16 -386 -37 -29 -13 44 -16 -5 75
EPS in Rs -22.38 -20.89 -16.08 -6.44 -156.27 -15.09 -11.53 -5.41 17.94 -6.43 -1.88 30.35

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
163 212 200 224 281 370 407 391 162 136 128 122 86
76 109 114 130 143 205 238 284 206 219 212 430 63
Operating Profit 87 103 87 94 138 164 168 107 -44 -83 -84 -308 22
OPM % 54% 48% 43% 42% 49% 44% 41% 27% -27% -62% -66% -253% 26%
Other Income 3 7 2 7 5 4 9 1 16 -53 -471 403 232
Interest 26 32 29 33 37 54 54 62 69 65 81 74 51
Depreciation 23 34 38 44 45 67 66 71 68 61 59 31 29
Profit before tax 42 44 22 24 61 47 57 -25 -165 -263 -696 -9 174
Tax % 1% 5% -3% 2% 14% 2% 3% -1% -0% 0% -0% 21%
Net Profit 41 41 22 24 52 38 44 -11 -114 -193 -494 -35 99
EPS in Rs 17.28 17.42 9.33 9.81 21.04 15.44 17.95 -4.55 -46.17 -77.89 -199.69 -14.08 39.98
Dividend Payout % 12% 13% 26% 24% 11% 8% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-5%
5 Years:-21%
3 Years:-9%
TTM:-27%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:20%
TTM:68%
Stock Price CAGR
10 Years:-25%
5 Years:-47%
3 Years:-34%
1 Year:103%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
24 24 24 24 25 25 25 25 25 25 25 25 25
Reserves 209 243 252 240 337 362 435 442 314 121 -369 -438 -449
Borrowings 654 503 615 674 846 1,099 1,017 1,133 1,123 1,086 1,155 1,043 455
54 22 53 64 132 198 192 195 228 247 174 -1 566
Total Liabilities 941 792 945 1,002 1,340 1,684 1,669 1,795 1,689 1,478 986 629 597
763 685 826 872 1,181 1,490 1,427 1,584 1,395 1,305 839 514 513
CWIP 19 18 0 0 2 0 5 0 0 0 0 0 0
Investments 1 0 0 0 0 0 0 0 0 0 0 0 0
158 89 119 130 156 194 237 211 295 173 146 116 84
Total Assets 941 792 945 1,002 1,340 1,684 1,669 1,795 1,689 1,478 986 629 597

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
103 65 42 126 84 176 110 105 35 0 20 16
-375 45 107 -88 -318 -368 19 -199 0 34 -1 47
276 -111 -131 -31 239 208 -110 70 -35 -44 -19 -73
Net Cash Flow 3 -1 18 7 5 17 19 -24 -0 -9 0 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 10% 9% 6% 6% 9% 7% 7% 2% -7% -9% -12% -0%
Debtor Days 68 58 53 66 63 55 39 68 81 82 53 82
Inventory Turnover 0.28 0.24 0.18 0.15 0.10 0.42 0.24 0.24 0.27 0.32 0.32 0.20

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
32.90 32.96 33.02 33.06 33.06 33.06 33.06 33.10 33.10 33.10 33.12 33.29
0.58 0.58 0.57 0.57 0.57 0.57 0.57 0.57 0.57 0.57 0.57 0.57
5.25 5.25 5.26 5.25 5.25 5.25 5.26 5.25 5.25 5.25 5.25 5.25
0.00 0.00 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
61.27 61.21 61.07 61.12 61.12 61.11 61.10 61.08 61.08 61.08 61.06 60.89

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