Past 10 year's financial track record analysis by Moneyworks4me indicates that Global Vectra Helicorp Ltd is a average quality company.
The key valuation ratios of Global Vectra Helicorp Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Global Vectra Helicorp Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.3% | 12.6% | 13.6% | 9% | 6.2% | 6% | 18.1% | -10.3% | -5.6% | 3.5% | - |
| Value Creation Index ⓘ | -0.3 | -0.1 | 0.0 | -0.4 | -0.6 | -0.6 | 0.3 | -1.7 | -1.4 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 332 | 347 | 357 | 376 | 404 | 480 | 457 | 295 | 335 | 411 | 463 |
| Sales YoY Gr. | - | 4.6% | 3.1% | 5.2% | 7.6% | 18.8% | -4.9% | -35.3% | 13.5% | 22.6% | - |
| Adj EPS ⓘ | 9.8 | 14.5 | 19.8 | 9.4 | 3.2 | 4.2 | 12.3 | -18.4 | -12.5 | -8.4 | 3.7 |
| YoY Gr. | - | 47.7% | 36.5% | -52.4% | -65.9% | 31.7% | 190.3% | -249.5% | NA | NA | - |
| BVPS (₹) ⓘ | -27.7 | -7.2 | 1.4 | 38.8 | 36.7 | 47.4 | 56.6 | 34.2 | 29.2 | 20.1 | 13.1 |
| Adj Net Profit ⓘ | 13.8 | 20.3 | 27.8 | 13.2 | 4.5 | 5.9 | 17.2 | -25.8 | -17.5 | -11.7 | 5 |
| Cash Flow from Ops. ⓘ | 58.2 | 72.9 | 60.3 | 71.4 | 57.4 | 33.6 | 76.5 | 10.4 | 59.6 | 28.6 | - |
| Debt/CF from Ops. ⓘ | 3.6 | 2.3 | 3.9 | 3.8 | 3.1 | 4.7 | 1 | 5.7 | 0.9 | 1.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 2.4% | 0.3% | -3.4% | 22.6% | ||||
| Adj EPS ⓘ | -198.2% | -221.1% | -187.9% | NA | ||||
| BVPSⓘ | NA | -11.4% | -29.2% | -31.4% | ||||
| Share Price | 27.2% | 9.7% | 69.4% | 226.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 24.4 | 29.5 | 33 | 18.6 | 5.3 | 6.5 | 23.7 | -40.5 | -39.3 | -34 | 22 |
| Op. Profit Mgn % ⓘ | 19.9 | 20.4 | 16.3 | 19.6 | 15.8 | 11.8 | 25.3 | 11.4 | 14.7 | 13.9 | 13 |
| Net Profit Mgn % ⓘ | 4.2 | 5.9 | 7.8 | 3.5 | 1.1 | 1.2 | 3.8 | -8.7 | -5.2 | -2.9 | 1.1 |
| Debt to Equity ⓘ | 7.6 | 2.9 | 3.4 | 5 | 1.5 | 2.4 | 0.9 | 1.2 | 1.4 | 1.6 | - |
| Working Cap Days ⓘ | 139 | 125 | 139 | 151 | 153 | 159 | 188 | 307 | 290 | 271 | 92 |
| Cash Conv. Cycle ⓘ | -129 | -151 | -135 | -121 | -125 | -100 | -73 | -63 | -78 | -88 | -93 |
Return on Equity has increased versus last 3 years average to 22.00%
Sales growth is good in last 4 quarters at 17.04%
Sales growth has been subdued in last 3 years -3.44%
Net Profit has been subdued in last 3 years -187.93%
Debt to equity has increased versus last 3 years average to 1.55
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.7 | - |
| TTM Sales (₹ Cr.) | 463 | - |
| BVPS (₹.) ⓘ | 13.1 | - |
| Reserves (₹ Cr.) ⓘ | 4 | - |
| P/BV ⓘ | 13.98 | - |
| PE ⓘ | 50.14 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 53.30 / 183.60 |
| All Time Low / High (₹) | 8.10 / 327.00 |
| Market Cap (₹ Cr.) | 257 |
| Equity (₹ Cr.) | 14 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 19.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 332 | 347 | 357 | 376 | 404 | 480 | 457 | 295 | 335 | 411 |
| Operating Expenses ⓘ | 277 | 277 | 307 | 302 | 349 | 431 | 364 | 271 | 286 | 370 |
| Manufacturing Costs | 167 | 168 | 189 | 189 | 214 | 284 | 205 | 136 | 156 | 196 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 63 | 69 | 71 | 75 | 83 | 90 | 95 | 89 | 85 | 100 |
| Other Costs ⓘ | 47 | 40 | 47 | 38 | 53 | 56 | 64 | 46 | 45 | 74 |
| Operating Profit ⓘ | 54 | 70 | 50 | 74 | 55 | 50 | 92 | 25 | 49 | 41 |
| Operating Profit Margin (%) | 16.0% | 20.0% | 14.0% | 20.0% | 14.0% | 10.0% | 20.0% | 8.0% | 15.0% | 10.0% |
| Other Income ⓘ | 5 | 10 | 34 | 12 | 3 | 8 | 29 | 31 | 41 | 36 |
| Interest ⓘ | 21 | 17 | 15 | 23 | 21 | 14 | 24 | 18 | 17 | 21 |
| Depreciation ⓘ | 29 | 26 | 30 | 38 | 38 | 39 | 94 | 83 | 80 | 75 |
| Exceptional Items ⓘ | 0 | 5 | -13 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 9 | 42 | 26 | 24 | -1 | 7 | 3 | -45 | -7 | -18 |
| Tax ⓘ | 3 | 19 | 13 | 8 | 1 | 0 | 0 | -16 | -2 | -2 |
| Profit After Tax | 5 | 23 | 13 | 16 | -2 | 7 | 2 | -29 | -5 | -17 |
| PAT Margin (%) | 2.0% | 7.0% | 4.0% | 4.0% | 0.0% | 1.0% | 0.0% | -10.0% | -1.0% | -4.0% |
| Adjusted EPS (₹) | 3.9 | 16.5 | 9.2 | 11.4 | -1.2 | 5.0 | 1.5 | -20.9 | -3.5 | -11.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 58 | 81 | 88 | 54 | 117 | 66 | 79 | 48 | 41 | 28 |
| Share Capital ⓘ | 80 | 80 | 80 | 14 | 80 | 14 | 14 | 14 | 14 | 14 |
| Reserves ⓘ | -22 | 1 | 8 | 40 | 37 | 52 | 65 | 34 | 27 | 14 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 151 | 122 | 183 | 174 | 143 | 120 | 61 | 52 | 49 | 33 |
| Long Term Debt | 111 | 83 | 147 | 163 | 130 | 104 | 50 | 42 | 37 | 29 |
| Short Term Debt | 41 | 39 | 37 | 10 | 12 | 15 | 10 | 10 | 12 | 3 |
| Trade Payables | 145 | 131 | 151 | 134 | 179 | 169 | 144 | 140 | 134 | 151 |
| Others Liabilities ⓘ | 137 | 134 | 202 | 255 | 189 | 283 | 523 | 464 | 492 | 557 |
| Total Liabilities ⓘ | 491 | 468 | 624 | 617 | 628 | 638 | 807 | 705 | 717 | 768 |
Fixed Assets | ||||||||||
| Gross Block | 543 | 531 | 645 | 620 | 601 | 623 | 839 | 745 | 747 | 753 |
| Accumulated Depreciation | 184 | 195 | 198 | 157 | 181 | 220 | 287 | 305 | 341 | 330 |
| Net Fixed Assetsⓘ | 359 | 335 | 447 | 463 | 421 | 403 | 552 | 440 | 406 | 423 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 15 | 13 | 18 | 17 | 20 | 25 | 25 | 24 | 24 | 25 |
| Trade Receivables | 27 | 11 | 30 | 30 | 29 | 63 | 59 | 51 | 34 | 22 |
| Cash Equivalents | 5 | 22 | 16 | 5 | 10 | 7 | 12 | 11 | 32 | 15 |
| Others Assetsⓘ | 85 | 87 | 114 | 103 | 148 | 139 | 159 | 179 | 221 | 283 |
| Total Assets ⓘ | 491 | 468 | 624 | 617 | 628 | 638 | 807 | 705 | 717 | 768 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 58 | 73 | 60 | 71 | 57 | 34 | 76 | 10 | 60 | 29 |
| PBT ⓘ | 9 | 42 | 26 | 24 | -1 | 7 | 3 | -45 | -7 | -18 |
| Adjustment ⓘ | 36 | 38 | 31 | 51 | 67 | 46 | 110 | 51 | 56 | 61 |
| Changes in Working Capital ⓘ | 20 | 0 | 4 | -11 | -6 | -16 | -36 | 7 | 7 | -17 |
| Tax Paid ⓘ | -7 | -7 | 0 | 7 | -3 | -4 | -1 | -2 | 3 | 4 |
| Cash Flow From Investing Activity ⓘ | -4 | 3 | -31 | 0 | -5 | -8 | 7 | 59 | 55 | 95 |
| Capex | -1 | 8 | -16 | -9 | -5 | -8 | -13 | 3 | 11 | 44 |
| Net Investments | -3 | 0 | -18 | 6 | 0 | -1 | -8 | 14 | -2 | -2 |
| Others ⓘ | 1 | -5 | 2 | 3 | 0 | 1 | 28 | 42 | 45 | 53 |
| Cash Flow From Financing Activityⓘ | -53 | -64 | -43 | -70 | -48 | -31 | -82 | -72 | -95 | -142 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -29 | -25 | -20 | -2 | -25 | -26 | 8 | -7 | -6 | -11 |
| Interest Paid ⓘ | -12 | -12 | -11 | -13 | -13 | -8 | -8 | -4 | -4 | -7 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -12 | -28 | -12 | -55 | -10 | 3 | -81 | -60 | -85 | -124 |
| Net Cash Flow ⓘ | 1 | 11 | -13 | 1 | 4 | -5 | 2 | -3 | 19 | -19 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0 | 0 | 0 | 56.63 | -3.25 | 11.93 | 2.86 | -46.08 | -11.11 | -48.17 |
| ROCE (%) | 12.2 | 25.7 | 15.66 | 15.02 | 6.46 | 8.12 | 14.17 | -21.39 | 9.69 | 2.96 |
| Asset Turnover Ratio | 0.67 | 0.72 | 0.65 | 0.61 | 0.65 | 0.76 | 0.63 | 0.39 | 0.47 | 0.55 |
| PAT to CFO Conversion(x) | 11.6 | 3.17 | 4.62 | 4.44 | N/A | 4.86 | 38 | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 46 | 20 | 21 | 29 | 26 | 35 | 49 | 68 | 46 | 25 |
| Inventory Days | 16 | 15 | 16 | 17 | 17 | 17 | 20 | 30 | 26 | 22 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Global Vectra Helicorp (GVHL) a Vectra group company, is India’s largest private helicopter company, with a fleet of 29 aircraft, including Bell Helicopters (Bell 412) and Eurocopters (EC 155, B1, EC 135 P2, and AS 350 B3). The fleet of helicopters, which range from small light helicopters to medium sized twin helicopters, offer seating capacity of 4-12 passengers.
GVHL is the one of the largest dedicated offshore transportation services companies in the country. The company has operations in both east & west coasts serving blue chip companies such as Reliance, British Gas, Gujarat State Petroleum Corporation, the largest Oil & Gas Corporation in India.
Through its onshore ‘Birdie’ division, GVHL offers charter and airport shuttle services throughout the country.
GVHL is listed on the National Stock Exchange and the Bombay Stock Exhange. It is an ISO 9001-2000, 14001-2004, and OHSAS 18001-1999 certified company. These certifications cover all GVHL activities, including flight operations, engineering, safety, quality control, and commercial systems. GVHL’s maintenance facility at the Juhu air base in Mumbai meets international quality standards and has received certification from the DGCA (Director General of Civil Aviation).
GVHL has a team of highly experienced pilots, all of whom are rated on the Bell 412 helicopter and Eurocopter. These pilots are predominantly from the defence services and possess extensive flying experience in all kinds of difficult environments. Their average flying experience is 7,500 flight hours.
Key competitive strengths of the company are:
Awards & Achievements:
The company is an ISO 9001-2000, 14001-2004, and OHSAS 18001-1999 certified company.
Recent developments
Private charter jet operator BJETS has tied up with the helicopter charter company Global Vectra Helicorp (GVHL) in May 2009 to offer end-to end private travel solutions to customers. Under the long-term memorandum of understanding (MoU), the companies would offer pre-paid hour cards which can used seamlessly across the BJETS and GVHL’s fleet.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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