Global Offshore Services Ltd Stock Analysis

BSE: 501848 | NSE: GLOBOFFS | Shipping | Small Cap

BSE Share Price 06-Feb-2023 11:13
43.60 0.45 (1.04%)

DeciZen - Make an Informed Decision on Global Offshore Serv

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Global Offshore Serv Price Chart

P/E Ratio ( SA) :
0.00
Market Cap :
106.7 Cr.
52-wk low :
31.9
52-wk high :
64.4
Bole Toh?

1. Is Global Offshore Services Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Global Offshore Services Ltd is a average quality company.

2. Is Global Offshore Services Ltd undervalued or overvalued?

The key valuation ratios of Global Offshore Services Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Global Offshore Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Global Offshore Services Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Global Offshore Serv:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Global Offshore Services Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10.4%5.6%4.6%6.8%1.7%-19.2%-8.7%-8.5%-2.5%-7.8%-
Value Creation Index -0.3-0.6-0.7-0.5-0.9-2.4-1.6-1.6-1.2-1.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 16612289.916098.576.364.870.861.247.447
YoY Gr. Rt. %--26.3%-26.4%77.7%-38.4%-22.6%-15%9.2%-13.6%-22.6%-
Adj EPS 22.6119.915.2-0.1-61.2-29-26.3-10.3-20.6-31.1
YoY Gr. Rt. %--51.6%-10.1%54.2%-100.5%NANANANANA-
BVPS (₹) 140.3138.8153.3166.1167.8106.477.451.344.319.30.5
Adj Net Profit 5627.124.437.6-0.2-151-71.8-65-25.5-50.8-77
Cash Flow from Ops. 43.55244.665.847.77.112.124.61110.7-
Debt/CF from Ops. 7.96.46.76.17.952.232.2173638-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -13%-13.6%-9.9%-22.6%
Adj EPS -198.9%NANANA
BVPS -19.8-35.1-37.1-56.6
Share Price -3.6% 5.4% 108.6% -19.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 17.97.96.89.5-0.1-44.7-31.6-40.9-21.6-64.7-315.1
Op. Profit Mgn % 66.652.954.751.240.522.422.731.825.32-2.8
Net Profit Mgn % 33.822.227.123.5-0.2-198.5-110.8-91.9-41.7-107.4-164.7
Debt to Equity 110.810.91.423.33.68.632.4
Working Cap Days 204311393174298370355308292260498
Cash Conv. Cycle 95160188991952492552162041730

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 8.58

Sales growth is not so good in last 4 quarters at -15.27%

Latest Financials - Global Offshore Services Ltd.

Standalone Consolidated
TTM EPS (₹) -31.1 -31.2
TTM Sales (₹ Cr.) 46.7 65.8
BVPS (₹.) 0.5 -123.5
Reserves (₹ Cr.) -23 -330
P/BV 86.02 -0.35
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 31.85 / 64.35
All Time Low / High (₹) 2.00 / 864.90
Market Cap (₹ Cr.) 107
Equity (₹ Cr.) 24.7
Face Value (₹) 10
Industry PE 5.9

Management X-Ray of Global Offshore Serv :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Global Offshore Serv

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Global Offshore Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Global Offshore Serv on 06-Feb-2023 11:13 is : 43.60.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Feb-2023 11:13 the market cap of Global Offshore Serv stood at ₹ 106.7.
The latest PE ratio of Global Offshore Serv as of 06-Feb-2023 11:13 is 0.00.
The latest PB ratio of Global Offshore Serv as of 06-Feb-2023 11:13 is 86.02
The 52-week high of Global Offshore Serv is ₹ 64.35 and the 52-week low is ₹ 31.85.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Global Offshore Serv is ₹ 46.72 ( Cr.) .

About Global Offshore Services Ltd

Garware Offshore Services Limited was incorporated as Garware Shipping Cooperations Limited on September 20, 1976, promoted by Late Padma Bhushan B.D. Garware, founder of Garware Group of Companies.

The company presently owns and operates a fleet of six anchor handling tugs cum vesssels ( AHTSV'S) and five platform supply vessells (PSV'S). The company's vessels are working in various markets including India, Europe and Far East.

The company has a wholly owned subsidiary incorporated in Singapore, 'Garware Offshore International Shipping Pte. limited’ incorporated in 2007.

The company has placed an order for one larger PSV scheduled for delivery in the 3rd quarter of F.Y.2011. In Addition, The companys Singapure Subsidary will bareboat two assets in the 3rd Quarter of F.Y.2010.These are one work BARGE and one AHTSV.

The company’s vessels support the oil and gas exploration efforts and are presently employed with various E& P companies.

The company’s platform supply vessels are employed in India and in the North Sea. The main functions of these vessels are

  • transport of personnel to rigs from onshore bases and vice versa.
  • delivery of cargo / material to rigs
  • anchor handling operations
  • Towing of rigs from one location to another.

The company has worked with various operators E & P including: ONGC, British Gas, Transocean, Cairn Energy, Senergy, Petrofac, C N R, British Petroleum, etc.

Milestones achieved:

  • October 2005- The company has contracted for the building of a ut-755l design platform supply vessel (psv) with Havyard Leirvik as a yard in Norway. The vessel was delivered in November 2006 and is on a long term contract operating in India.
  • January- 2006 The company took delivery of a ut-755 design platform supply (psv) on December 12, 2005, in Norway. This vessel, is built in the year 2000 and commenced it's contract with bg exploration and production India limited ( british gas) for two years. The vessel is presently working in the west coast of India.
  • February 2006The company has contracted for the building of a second ut-755l design platform supply vessel (psv) with Havyard Leirvik as . The vessel was delivered in May 2007 and is on a long term contract operating in India.
  • June 2006- The company has contracted for the building of a two 755ln design platform supply vessels (psv) with Havyard Leirvik as. The vessels were delivered in June 2008 and March 2009 respectively. the vessel delivered in June 2008 is working in the north sea .the vessel delivered in march 2009, is on a long term contract operating in India.
  • July 2008- The company took delivery of a new 60 ton bollard pull anchor handling tug cum supply vessel (ahtsv) viz. “m v poorna” in July 2008 at Singapore. the vessel is fitted with dynamic position system (dp1) along with external fire fighting equipment (fifi1).the vessel is working in far east waters on a term contract.
  • October 2008- The company placed an order for one large psv scheduled for delivery in the 3 rd quarter of financial year 2011.
  • December 2008- The company took delivery of a new 60 ton bollard pull anchor handling tug cum supply vessel (ahtsv) viz. “mv meghna” in december 2008 at china. the vessel is fitted with dynamic position system (dp1) along with external fire fighting equipment (fifi1). the vessel is working in far east waters on spot contracts.
  • March 2009- The company took delivery of a new 60 ton bollard pull anchor handling tug cum supply vessel (ahtsv) viz. mv mahananda in march 2009 at singapore. the vessel is fitted with dynamic position system (dp1) along with external fire fighting equipment (fifi1). the vessel is working in asean waters on a term contract.

Recent developments

Garware Offshore Services in April 2009 has secured a firm contract for 3 years from Oil & Natural Gas Corporation (ONGC) for its newly built platform supply vessel ‘M V Makalu’. The annual revenue from this contract is expected to be in the region of Rs 350 million.

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