Global Offshore Services Ltd

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

Global Offshore Services Ltd

₹ 133 4.29%
03 Dec - 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 ₹ 338 Cr.
  • Current Price ₹ 133
  • High / Low ₹ 136 / 40.5
  • Stock P/E
  • Book Value ₹ 33.9
  • Dividend Yield 0.00 %
  • ROCE -5.54 %
  • ROE -23.0 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Debtor days have improved from 64.1 to 42.7 days.

Cons

  • Stock is trading at 3.91 times its book value
  • 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: 34.0%
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.56.8 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.

Peer comparison

Sector: Shipping Industry: Shipping

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
14.67 14.61 18.51 20.05 12.66 6.40 11.91 12.83 10.75 7.89 7.74 8.39 7.26
15.34 14.68 17.12 16.44 16.94 16.14 15.02 17.69 6.10 7.62 9.11 6.85 5.69
Operating Profit -0.67 -0.07 1.39 3.61 -4.28 -9.74 -3.11 -4.86 4.65 0.27 -1.37 1.54 1.57
OPM % -4.57% -0.48% 7.51% 18.00% -33.81% -152.19% -26.11% -37.88% 43.26% 3.42% -17.70% 18.36% 21.63%
0.91 -1.88 -8.26 -20.51 -0.22 -158.25 616.30 -2.45 7.60 0.28 56.20 0.13 0.16
Interest 5.78 5.95 6.46 8.33 2.27 2.37 -4.26 2.90 1.26 0.84 1.00 0.49 0.39
Depreciation 12.49 7.75 6.91 8.89 9.11 8.05 5.10 4.42 3.98 3.15 3.12 3.17 3.41
Profit before tax -18.03 -15.65 -20.24 -34.12 -15.88 -178.41 612.35 -14.63 7.01 -3.44 50.71 -1.99 -2.07
Tax % 0.11% 0.19% 1.04% 0.06% 0.13% 0.01% 0.21% 0.14% 0.29% 0.29% 3.79% 1.01% 0.97%
-18.06 -15.68 -20.45 -34.15 -15.91 -178.44 611.06 -14.65 6.98 -3.45 48.79 -2.00 -2.08
EPS in Rs -7.17 -5.98 -5.50 -13.81 -5.92 -71.59 218.98 -4.89 1.73 -1.29 18.94 -0.78 -0.82
Raw PDF

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 TTM
281 370 407 391 162 136 128 122 78 65 51 39 31
143 205 238 284 206 195 196 97 86 62 64 40 29
Operating Profit 138 164 168 107 -44 -59 -69 25 -8 3 -13 -1 2
OPM % 49% 44% 41% 27% -27% -43% -54% 20% -10% 5% -26% -3% 6%
5 4 9 1 16 -78 -487 71 391 -15 437 62 57
Interest 37 54 54 62 69 65 81 74 23 24 9 6 3
Depreciation 45 67 66 71 68 61 59 31 30 35 31 15 13
Profit before tax 61 47 57 -25 -165 -263 -696 -9 330 -71 384 40 43
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 41
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 16.05
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: -25%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 18%
TTM: 83%
Stock Price CAGR
10 Years: -14%
5 Years: 88%
3 Years: 45%
1 Year: 200%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -23%

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 Sep 2024
Equity Capital 25 25 25 25 25 25 25 25 25 25 25 25 26
Reserves 342 362 435 442 314 121 -369 -438 -212 -280 23 58 60
846 1,099 1,017 1,133 1,123 1,086 1,155 1,043 678 699 157 37 34
127 198 192 195 228 247 174 -1 89 103 46 23 21
Total Liabilities 1,340 1,684 1,669 1,795 1,689 1,478 986 629 580 546 250 143 142
1,181 1,490 1,427 1,584 1,395 1,305 839 514 522 495 194 120 122
CWIP 2 0 5 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 1
156 194 237 211 295 173 146 116 58 51 56 22 20
Total Assets 1,340 1,684 1,669 1,795 1,689 1,478 986 629 580 546 250 143 142

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% -6%

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.

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