Global Offshore Services Ltd
Incorporated in 1976, Global Offshore Services Ltd is in the business of chartering offshore support vessels[1]
- Market Cap ₹ 156 Cr.
- Current Price ₹ 63.1
- High / Low ₹ 70.4 / 33.0
- Stock P/E
- Book Value ₹ 33.3
- Dividend Yield 0.00 %
- ROCE -5.63 %
- ROE -21.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 64.1 to 42.7 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -21.0% over past five years.
- Promoter holding is low: 33.3%
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.61.6 Cr.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
281 | 370 | 407 | 391 | 162 | 136 | 128 | 122 | 78 | 65 | 51 | 39 | |
143 | 205 | 238 | 284 | 206 | 195 | 196 | 97 | 86 | 62 | 64 | 41 | |
Operating Profit | 138 | 164 | 168 | 107 | -44 | -59 | -69 | 25 | -8 | 3 | -13 | -1 |
OPM % | 49% | 44% | 41% | 27% | -27% | -43% | -54% | 20% | -10% | 5% | -26% | -3% |
5 | 4 | 9 | 1 | 16 | -78 | -487 | 71 | 391 | -15 | 437 | 62 | |
Interest | 37 | 54 | 54 | 62 | 69 | 65 | 81 | 74 | 23 | 24 | 9 | 6 |
Depreciation | 45 | 67 | 66 | 71 | 68 | 61 | 59 | 31 | 30 | 35 | 31 | 15 |
Profit before tax | 61 | 47 | 57 | -25 | -165 | -263 | -696 | -9 | 330 | -71 | 384 | 40 |
Tax % | 14% | 2% | 3% | -1% | -0% | 0% | -0% | 21% | 0% | -0% | 0% | 5% |
53 | 46 | 55 | -25 | -165 | -262 | -696 | -7 | 329 | -71 | 383 | 38 | |
EPS in Rs | 21.04 | 15.44 | 17.95 | -4.55 | -46.17 | -77.89 | -199.69 | -14.08 | 88.20 | -25.16 | 127.65 | 14.49 |
Dividend Payout % | 11% | 8% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -20% |
5 Years: | -21% |
3 Years: | -20% |
TTM: | -23% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 18% |
TTM: | 70% |
Stock Price CAGR | |
---|---|
10 Years: | -17% |
5 Years: | 47% |
3 Years: | 76% |
1 Year: | 61% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | -21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
Reserves | 342 | 362 | 435 | 442 | 314 | 121 | -369 | -438 | -212 | -280 | 23 | 58 |
846 | 1,099 | 1,017 | 1,133 | 1,123 | 1,086 | 1,155 | 1,043 | 678 | 699 | 157 | 37 | |
127 | 198 | 192 | 195 | 228 | 247 | 174 | -1 | 89 | 103 | 46 | 23 | |
Total Liabilities | 1,340 | 1,684 | 1,669 | 1,795 | 1,689 | 1,478 | 986 | 629 | 580 | 546 | 250 | 143 |
1,181 | 1,490 | 1,427 | 1,584 | 1,395 | 1,305 | 839 | 514 | 522 | 495 | 194 | 120 | |
CWIP | 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 |
156 | 194 | 237 | 211 | 295 | 173 | 146 | 116 | 58 | 51 | 56 | 22 | |
Total Assets | 1,340 | 1,684 | 1,669 | 1,795 | 1,689 | 1,478 | 986 | 629 | 580 | 546 | 250 | 143 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
84 | 176 | 110 | 105 | 35 | 0 | 20 | 16 | 23 | 18 | 8 | 12 | |
-318 | -368 | 19 | -199 | 0 | 34 | -1 | 47 | -10 | -6 | 65 | 81 | |
239 | 208 | -110 | 70 | -35 | -44 | -19 | -73 | -18 | -9 | -77 | -94 | |
Net Cash Flow | 5 | 17 | 19 | -24 | -0 | -9 | 0 | -9 | -5 | 3 | -4 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 63 | 55 | 39 | 68 | 81 | 82 | 53 | 82 | 102 | 73 | 77 | 43 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 63 | 55 | 39 | 68 | 81 | 82 | 53 | 82 | 102 | 73 | 77 | 43 |
Working Capital Days | -73 | -81 | -8 | -51 | 5 | -548 | -1,581 | -1,994 | -556 | -865 | -186 | -57 |
ROCE % | 9% | 7% | 7% | 2% | -7% | -9% | -13% | -1% | -9% | -8% | -17% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Preferential Issue
19 Jun - Shares / Warrants Allotment Committee at its Meeting held today, i.e. 19.06.2024, allotted 3,57,150 Equity Shares upon conversion of warrants.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Jun
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
18 Jun - Revised format of Annual Secretarial Compliance Report dated 22nd May, 2024 for Financial year 2023-24 issued by Mr. Rajkumar R. Tiwari , Practising Company Secretary.
-
Announcement under Regulation 30 (LODR)-Preferential Issue
17 Jun - The Shares / Warrants Allotment Committee at its Meeting held today i. e. June 17, 2024 allotted 4,01,770 Equity Shares upon conversion of Warrants (44,650 …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Jun
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from nse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
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