Global Offshore Services Ltd

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

Global Offshore Services Ltd

₹ 121 -2.22%
03 Jan - close price
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 ₹ 315 Cr.
  • Current Price ₹ 121
  • High / Low ₹ 139 / 40.5
  • Stock P/E
  • Book Value ₹ 39.4
  • Dividend Yield 0.00 %
  • ROCE -1.22 %
  • ROE -4.36 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.07 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.3% over past five years.
  • Promoter holding is low: 34.0%
  • Company has a low return on equity of -26.4% over last 3 years.

* 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
9.78 10.83 13.69 12.97 9.22 3.33 4.09 6.61 7.80 7.86 7.69 8.39 7.26
12.29 10.97 11.95 12.37 12.69 11.76 9.50 7.15 5.74 6.87 7.99 6.71 5.68
Operating Profit -2.51 -0.14 1.74 0.60 -3.47 -8.43 -5.41 -0.54 2.06 0.99 -0.30 1.68 1.58
OPM % -25.66% -1.29% 12.71% 4.63% -37.64% -253.15% -132.27% -8.17% 26.41% 12.60% -3.90% 20.02% 21.76%
0.89 -1.98 -8.98 -20.81 -0.53 -158.47 397.17 -2.77 -0.21 0.04 -103.96 0.04 0.05
Interest 4.51 4.63 5.16 6.96 0.84 0.90 -5.54 0.75 0.11 0.49 0.68 0.47 0.37
Depreciation 10.80 5.97 5.23 7.08 7.24 6.34 3.48 2.89 3.12 3.14 3.12 3.17 3.41
Profit before tax -16.93 -12.72 -17.63 -34.25 -12.08 -174.14 393.82 -6.95 -1.38 -2.60 -108.06 -1.92 -2.15
Tax % 0.12% 0.24% 1.19% 0.06% 0.17% 0.01% 0.33% 0.29% 1.45% 0.38% 1.78% 1.04% 0.93%
-16.95 -12.75 -17.84 -34.27 -12.10 -174.16 392.53 -6.97 -1.40 -2.61 -109.98 -1.94 -2.17
EPS in Rs -6.85 -5.16 -7.21 -13.86 -4.89 -70.43 158.73 -2.82 -0.57 -1.06 -44.47 -0.76 -0.83
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
177 131 90 160 98 76 65 71 61 47 30 30 31
75 73 46 89 66 64 50 48 46 46 46 28 27
Operating Profit 102 59 44 71 33 12 15 23 16 1 -17 2 4
OPM % 58% 45% 49% 44% 33% 16% 23% 32% 25% 2% -56% 8% 13%
3 4 2 0 15 -119 -36 -40 12 -16 217 -107 -104
Interest 23 16 9 19 20 21 27 25 18 19 3 2 2
Depreciation 23 23 13 22 23 24 23 24 26 28 24 12 13
Profit before tax 59 24 23 30 5 -152 -72 -67 -17 -62 173 -119 -115
Tax % 14% 3% 8% 1% 5% 0% 0% -3% 3% 0% 1% 2%
50 23 21 30 4 -152 -72 -65 -17 -62 172 -121 -117
EPS in Rs 20.28 9.29 8.36 12.14 1.74 -61.31 -29.02 -26.22 -6.96 -25.09 69.55 -48.91 -47.12
Dividend Payout % 12% 13% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -14%
5 Years: -14%
3 Years: -21%
TTM: 43%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 21%
TTM: 71%
Stock Price CAGR
10 Years: -17%
5 Years: 88%
3 Years: 29%
1 Year: 104%
Return on Equity
10 Years: -7%
5 Years: -23%
3 Years: -26%
Last Year: -4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 25 25 25 25 25 25 25 25 25 25 25 25 26
Reserves 322 319 354 386 390 238 167 102 85 23 195 74 77
343 334 298 401 376 370 389 417 397 408 39 24 21
31 31 31 20 25 46 62 94 106 128 26 19 17
Total Liabilities 721 709 708 832 816 679 642 638 612 584 285 141 141
502 436 403 545 519 492 463 451 453 429 129 120 122
CWIP 2 0 5 0 0 0 0 0 0 0 0 0 0
Investments 112 156 205 205 205 113 113 113 113 113 113 0 1
105 117 95 82 93 73 66 73 46 41 43 21 19
Total Assets 721 709 708 832 816 679 642 638 612 584 285 141 141

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
44 52 45 66 48 7 12 25 11 11 -1 13
36 -5 -9 -159 -13 -1 -8 -12 -4 -5 66 12
-76 -54 -23 87 -40 -4 -4 -7 -12 -2 -69 -25
Net Cash Flow 4 -7 13 -6 -5 2 -1 5 -4 4 -4 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 75 137 104 64 81 64 60 70 92 65 44 56
Inventory Days
Days Payable
Cash Conversion Cycle 75 137 104 64 81 64 60 70 92 65 44 56
Working Capital Days 6 76 12 9 -33 -451 -984 -1,426 -405 -763 125 -40
ROCE % 12% 6% 5% 7% 1% -1% -1% -0% -2% -6% -11% -1%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
33.29% 33.29% 33.10% 33.29% 33.29% 33.29% 33.29% 33.29% 33.29% 33.29% 32.47% 33.98%
0.93% 1.06% 1.28% 1.58% 1.58% 1.58% 1.97% 1.50% 0.62% 0.41% 0.28% 0.27%
5.25% 5.25% 5.24% 5.24% 5.24% 4.00% 3.21% 1.95% 0.16% 0.16% 0.16% 0.16%
0.00% 0.00% 0.00% 0.00% 1.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
60.53% 60.41% 60.37% 59.89% 58.62% 61.13% 61.52% 63.27% 65.94% 66.14% 67.07% 65.59%
No. of Shareholders 19,08119,16018,93118,41918,12117,95917,81317,80517,85817,78217,99618,002

* 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.

Click on the line-items to see the names of individual entities.

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