Global Offshore Services Ltd

Global Offshore Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Global Offshore Services Ltd

₹ 44.9 1.45%
05 Dec 4:01 p.m.
globaloffshore.in BSE: 501848
About

Incorporated in 1976, Global Offshore Services Ltd is in the business of chartering offshore support vessels[1]

Key Points

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

Website BSE
  • Market Cap ₹ 111 Cr.
  • Current Price ₹ 44.9
  • High / Low ₹ 59.0 / 19.6
  • Stock P/E
  • Book Value ₹ 15.8
  • Dividend Yield 0.00 %
  • ROCE -16.8 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.85 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.8% over past five years.
  • Promoter holding is low: 33.3%
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
17.70 20.09 21.53 18.38 14.67 14.61 18.51 20.05 12.66 6.40 11.91 12.83 10.75
21.55 21.60 23.71 15.96 15.34 14.68 17.12 16.44 16.94 16.14 15.02 17.69 6.10
Operating Profit -3.85 -1.51 -2.18 2.42 -0.67 -0.07 1.39 3.61 -4.28 -9.74 -3.11 -4.86 4.65
OPM % -21.75% -7.52% -10.13% 13.17% -4.57% -0.48% 7.51% 18.00% -33.81% -152.19% -26.11% -37.88% 43.26%
12.92 131.18 248.04 -5.54 0.91 -1.88 -8.26 -20.51 -0.22 -158.25 616.30 -2.45 7.60
Interest 9.21 9.11 -7.35 5.76 5.78 5.95 6.46 8.33 2.27 2.37 -4.26 2.90 1.26
Depreciation 7.46 8.06 7.87 7.94 12.49 7.75 6.91 8.89 9.11 8.05 5.10 4.42 3.98
Profit before tax -7.60 112.50 245.34 -16.82 -18.03 -15.65 -20.24 -34.12 -15.88 -178.41 612.35 -14.63 7.01
Tax % -0.66% 0.04% 0.19% -0.12% -0.11% -0.19% -1.04% -0.06% -0.13% -0.01% 0.21% -0.14% 0.29%
-7.66 112.46 244.87 -16.84 -18.06 -15.68 -20.45 -34.15 -15.91 -178.44 611.06 -14.65 6.98
EPS in Rs -1.88 30.35 66.16 -6.50 -7.17 -5.98 -5.50 -13.81 -5.92 -71.59 218.98 -4.89 1.73
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
224 281 370 407 391 162 136 128 122 78 65 51 42
130 143 205 238 284 206 195 196 97 86 62 64 55
Operating Profit 94 138 164 168 107 -44 -59 -69 25 -8 3 -13 -13
OPM % 42% 49% 44% 41% 27% -27% -43% -54% 20% -10% 5% -26% -31%
7 5 4 9 1 16 -78 -487 71 391 -15 437 463
Interest 33 37 54 54 62 69 65 81 74 23 24 9 2
Depreciation 44 45 67 66 71 68 61 59 31 30 35 31 22
Profit before tax 24 61 47 57 -25 -165 -263 -696 -9 330 -71 384 426
Tax % 2% 14% 2% 3% -1% -0% 0% -0% 21% 0% -0% 0%
24 53 46 55 -25 -165 -262 -696 -7 329 -71 383 425
EPS in Rs 9.81 21.04 15.44 17.95 -4.55 -46.17 -77.89 -199.69 -14.08 88.20 -25.16 127.65 144.23
Dividend Payout % 24% 11% 8% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -16%
5 Years: -18%
3 Years: -25%
TTM: -36%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: 12%
TTM: 31%
Stock Price CAGR
10 Years: -4%
5 Years: 27%
3 Years: 75%
1 Year: -16%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 241 342 362 435 442 314 121 -369 -438 -212 -280 23 14
674 846 1,099 1,017 1,133 1,123 1,086 1,155 1,043 678 699 157 88
62 127 198 192 195 228 247 174 -1 89 103 46 34
Total Liabilities 1,002 1,340 1,684 1,669 1,795 1,689 1,478 986 629 580 546 250 161
872 1,181 1,490 1,427 1,584 1,395 1,305 839 514 522 495 194 130
CWIP 0 2 0 5 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
130 156 194 237 211 295 173 146 116 58 51 56 31
Total Assets 1,002 1,340 1,684 1,669 1,795 1,689 1,478 986 629 580 546 250 161

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
126 84 176 110 105 35 0 20 16 23 18 8
-88 -318 -368 19 -199 0 34 -1 47 -10 -6 65
-31 239 208 -110 70 -35 -44 -19 -73 -18 -9 -77
Net Cash Flow 7 5 17 19 -24 -0 -9 0 -9 -5 3 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 66 63 55 39 68 81 82 53 82 102 73 77
Inventory Days
Days Payable
Cash Conversion Cycle 66 63 55 39 68 81 82 53 82 102 73 77
Working Capital Days -87 -73 -81 -8 -51 5 -548 -1,581 -1,994 -556 -865 -186
ROCE % 6% 9% 7% 7% 2% -7% -9% -13% -1% -9% -8% -17%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
33.12% 33.29% 33.29% 33.29% 33.29% 33.29% 33.10% 33.29% 33.29% 33.29% 33.29% 33.29%
0.57% 0.57% 0.57% 0.57% 0.93% 1.06% 1.28% 1.58% 1.58% 1.58% 1.97% 1.50%
5.25% 5.25% 5.25% 5.25% 5.25% 5.25% 5.24% 5.24% 5.24% 4.00% 3.21% 1.95%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.26% 0.00% 0.00% 0.00%
61.06% 60.89% 60.89% 60.89% 60.53% 60.41% 60.37% 59.89% 58.62% 61.13% 61.52% 63.27%
No. of Shareholders 20,41519,86619,65819,45019,08119,16018,93118,41918,12117,95917,81317,805

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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