Global Offshore Services Ltd

About

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

  • Market Cap 103 Cr.
  • Current Price 41.7
  • High / Low 52.8 / 5.45
  • Stock P/E
  • Book Value -90.1
  • Dividend Yield 0.00 %
  • ROCE -6.66 %
  • 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 -27.62% over past five years.
  • Promoter holding is low: 33.29%
  • Debtor days have increased from 79.29 to 102.45 days.

Peer comparison

Sector: Shipping Industry: Shipping

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
30 27 28 31 30 30 18 18 20 22 18 15
45 58 44 29 23 1 19 22 22 24 16 15
Operating Profit -15 -31 -16 2 7 28 -1 -4 -2 -2 2 -1
OPM % -50% -113% -57% 7% 23% 95% -3% -22% -8% -10% 13% -5%
Other Income 19 -474 -4 -9 -3 90 -1 13 131 248 -6 1
Interest 20 22 20 20 12 21 12 9 9 -7 6 6
Depreciation 9 31 10 6 7 7 7 7 8 8 8 12
Profit before tax -26 -559 -50 -33 -15 90 -21 -8 112 245 -17 -18
Tax % -0% 0% -0% -0% -1% -2% -0% -1% 0% 0% -0% -0%
Net Profit -16 -386 -37 -29 -13 44 -16 -5 75 164 -16 -18
EPS in Rs -6.44 -156.27 -15.09 -11.53 -5.41 17.94 -6.43 -1.88 30.35 66.16 -6.50 -7.17

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
212 200 224 281 370 407 391 162 136 128 122 78 75
109 114 130 143 205 238 284 206 195 196 97 86 77
Operating Profit 103 87 94 138 164 168 107 -44 -59 -69 25 -8 -2
OPM % 48% 43% 42% 49% 44% 41% 27% -27% -43% -54% 20% -10% -3%
Other Income 7 2 7 5 4 9 1 16 -78 -487 71 391 375
Interest 32 29 33 37 54 54 62 69 65 81 74 23 13
Depreciation 34 38 44 45 67 66 71 68 61 59 31 30 36
Profit before tax 44 22 24 61 47 57 -25 -165 -263 -696 -9 330 323
Tax % 5% -3% 2% 14% 2% 3% -1% -0% 0% -0% 21% 0%
Net Profit 41 22 24 52 38 44 -11 -114 -193 -494 -35 218 205
EPS in Rs 17.42 9.33 9.81 21.04 15.44 17.95 -4.55 -46.17 -77.89 -199.69 -14.08 88.20 82.84
Dividend Payout % 13% 26% 24% 11% 8% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -9%
5 Years: -28%
3 Years: -17%
TTM: -22%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 19%
TTM: -21%
Stock Price CAGR
10 Years: -4%
5 Years: -19%
3 Years: 43%
1 Year: 412%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 243 252 240 337 362 435 442 314 121 -369 -438 -212 -247
Borrowings 503 615 674 846 1,099 1,017 1,133 1,123 1,086 1,155 1,043 684 190
22 53 64 132 198 192 195 228 247 174 -1 89 611
Total Liabilities 792 945 1,002 1,340 1,684 1,669 1,795 1,689 1,478 986 629 585 579
685 826 872 1,181 1,490 1,427 1,584 1,395 1,305 839 514 522 504
CWIP 18 0 0 2 0 5 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
89 119 130 156 194 237 211 295 173 146 116 64 74
Total Assets 792 945 1,002 1,340 1,684 1,669 1,795 1,689 1,478 986 629 585 579

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
65 42 126 84 176 110 105 35 0 20 16 23
45 107 -88 -318 -368 19 -199 0 34 -1 47 -10
-111 -131 -31 239 208 -110 70 -35 -44 -19 -73 -12
Net Cash Flow -1 18 7 5 17 19 -24 -0 -9 0 -9 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 58 53 66 63 55 39 68 81 82 53 82 102
Inventory Days
Days Payable
Cash Conversion Cycle 58 53 66 63 55 39 68 81 82 53 82 102
Working Capital Days 96 73 57 48 39 91 84 261 -114 -297 -282 -556
ROCE % 9% 6% 6% 9% 7% 7% 2% -7% -9% -12% -0% -7%

Shareholding Pattern

Numbers in percentages

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

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