1. Is GOL Offshore Ltd. a good quality company?
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2. Is GOL Offshore Ltd. undervalued or overvalued?
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3. Is GOL Offshore Ltd. a good buy now?
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Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||14.5%||13.1%||10.6%||9.3%||4.4%||3.6%||4.5%||7.7%||6.7%||-23.1%||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||25.9%||32.4%||12.5%||-16.1%||-5.4%||5.4%||12.7%||10.3%||-11.8%||-|
|Adj EPS ⓘ||36.5||42.7||47.1||54.4||18.9||4.5||4.4||31||12.7||-211.7||-153.7|
|YoY Gr. Rt. %||-||17.1%||10.2%||15.6%||-65.2%||-76.2%||-3.3%||611.2%||-59.1%||-1769.2%||-|
|BVPS (₹) ⓘ||163.4||193.6||186.5||276.5||305.4||253.3||264.2||272.7||305.4||103||19.3|
|Adj Net Profit ⓘ||139||163||175||203||70.5||16.8||16.2||115||47.2||-788||-1,202|
|Cash Flow from Ops. ⓘ||226||195||332||409||299||438||351||609||209||310||-|
|Debt/CF from Ops. ⓘ||3.3||4.8||5.9||5.7||9.7||6.6||7.5||3.8||9.6||6.1||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||-221.6%||-262.1%||-464.8%||-1769.2%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||24.4||21.5||22.1||23.5||6.5||1.6||1.7||11.6||4.4||-103.6||-251.3|
|Op. Profit Mgn % ⓘ||48.6||45.9||41||46.8||43.1||46.3||45.4||51.5||41.7||30.7||-29.1|
|Net Profit Mgn % ⓘ||25.9||24.1||19.5||20.1||8.3||2.1||1.9||12.2||4.5||-85.3||-293.2|
|Debt to Equity ⓘ||1.2||1.1||2.8||2.3||2.6||3||2.7||2.3||1.8||4.9||-|
|Working Cap Days ⓘ||98||137||134||136||349||546||720||836||704||578||0|
|Cash Conv. Cycle ⓘ||-21||-21||-13||-3||54||45||-17||-48||-20||-14||0|
No data to display
Return on Equity has declined versus last 3 years average to %
Sales growth has been subdued in last 3 years %
Sales growth is not so good in last 4 quarters at %
|TTM EPS (₹)||-153.7||-88.6|
|TTM Sales (₹ Cr.)||410||962|
|BVPS (₹.) ⓘ||19.3||42.7|
|Reserves (₹ Cr.) ⓘ||73||256|
|From the Market|
|52 Week Low / High (₹)||10.10 / 10.10|
|All Time Low / High (₹)||10.00 / 1149.95|
|Market Cap (₹ Cr.)||79|
|Equity (₹ Cr.)||78.2|
|Face Value (₹)||10|
|Industry PE ⓘ||4.2|
Great Offshore incorporated in 1983, is India's prominent integrated offshore oilfield services provider offering a broad spectrum of services to upstream oil and gas producers to carry out offshore exploration and production (E&P) activities. From drilling services to marine and air logistics, from marine construction to port/terminal services and beyond, Great Offshore meets a wide gamut of the offshore requirements of an E&P operator.
Since inception the company has serviced major E&P operators in India as well as in the international waters of the North Sea, the Middle East, South Africa and South East Asia with its state-of-the-art vessels that include exploratory rigs, offshore support vessels, anchor handling tug supply vessels and a construction barge. It also provides port and terminal support services through a fleet of harbour tugs.
Wholly Owned Subsidiary Companies:
Business of the company:
Offshore Drilling Services:
Great Offshore provides charter hire of drilling services with three offshore drilling units, Kedarnath, Amarnath and Badrinath. These assets are operated by a team of dedicated and experienced personnel with excellent safety and maintenance record.
â€˜Great Offshore Limitedâ€™ owns the only Drill Barge available in India. â€˜Badrinathâ€™ is capable of drilling upto 600 ft. of water depth. â€˜Badrinathâ€™ (previously named â€œGETTYSBURGâ€) has been providing drilling services for Oil & Natural Gas Corporation since 1976 and has earned a reputation for safe & efficient operations while delivering economically a very high performance. â€˜Badrinathâ€™ has successfully drilled over 100 wells in India in both West Coast & East Coast of India and had the privilege of drilling some of the most challenging & prestigious exploratory wells.
â€˜Kedarnathâ€™ â€“ is an independent leg Jack up rig, built by Marathon Le Tourneau, in Brownsville, Texas. She has been one of the few Rigs operating on Indian Coast for the past two decades. The Rig has provided services to ONGC, Hardy Exploration and Production (India) INC., Mosbacher Indian LLC and Cairn Energy India Pty. Ltd., with the highest standards of safety & efficiency. Kedarnath has also drilled four prestigious and successful wells for ONGC Videsh in Iran.
Offshore Logistics Support Services:
Great Offshore owns and operates a fleet of twenty four Offshore Support Vessels - six platform supply vessels (PSV), four offshore supply vessel (OSV), eleven anchor handling tug supply vessels (AHTSV) and three anchor handling tugs (AHT). The company is the first Indian company to own and operate a platform supply vessel and the first to own and operate a fire fighting support vessel.
With the offshore support vessels, the company undertakes production support, diving support, supply duties for personnel and materials, anchor handling, towing, mooring, rig moving, emergency response/rescue and fire fighting operations.
The company constantly strives to provide vessels with the latest technology and multi-purpose offshore support capabilities. One of its newest vessels, Malaviya Twenty Five, is an FFSV equipped with dynamic positioning, a helideck and external fire fighting capabilities.
The companyâ€™s platform supply vessel fleet consists of seven UT755 design vessels with deadweights ranging from 2,600 to 3,300 tons. Its anchor handling tug supply vessels have bollard pull ratings from 50 to 160 tons and power ranging from 4,800BHP to 13,404BHP. They are all fire fighting enabled vessels with search and rescue capabilities. Some vessels are fitted with liquid mud transportation facilities with full circulation systems. Its anchor handling tug vessels have bollard pull ratings between 48 and 70 tons and power ranging from 3,940BHP to 6,440BHP.
The companyâ€™s vessels operate in Indian as well as international waters. Its OSV fleet has worked in India for ONGC, Cairn Energy, BG Exploration and Production, Gujarat State Petroleum Corporation, Hardy Exploration and Production and many others.
The company has commenced international operations in 2001 when Malaviya Two entered service with Saudi Aramco and since then the company has worked for clients such as Hadi Group, IOEC, Doha Marine Services, Lamnalco, NPCC and Valentine Maritime.
Great Offshore's Engineering Services division undertakes lumpsum turnkey / EPIC Projects for the offshore oil & gas industry. Its service portfolio encompasses project management, pre-engineering surveys, detailed design and engineering, procurement, on-shore fabrication, transportation, offshore installation, hook-up and commissioning.
Over the last 14 years the company has successfully executed 12 offshore projects on an EPIC basis including topside revamps, structural modifications, underwater installations, process systems upgrades etc. It specializes in the execution of all kinds of brown field projects specifically pertaining to topside process and structure re-engineering and re-vamping.
The companyâ€™s Engineering Services work is supported by use of Great Offshoreâ€™s own construction support fleet including both barges and vessels. The construction barges â€˜Gal Constructorâ€™ and â€˜Gal Installerâ€™ â€“ with their own dedicated anchor handling tugs â€“ are designed to offer a complete packaged service to the offshore construction industry.
Gal Constructor can accommodate a maximum of 250 personnel and has a mounted crane with a lifting capacity of 120 tons. The barge is capable of performing activities such as offshore installation; hook-up and modification work; providing assistance in maintenance and repairing of offshore structures; installation of risers; subsea pipeline and cable tie-ins, repairs to pipelines as well as clamp-on projects. Gal Constructor has successfully undertaken many such projects â€“ both in India and internationally â€“ for esteemed customers including L&T, British Gas, ONGC, SOME, Mubarak Marine, Hyundai Heavy Industries, Samsung Heavy Industries and many more.Port and Terminal Support Services:
Great Offshore was the first Indian operator of harbour tugs in India with a presence in almost all major ports. These tugs have excellent maneuvering capabilities : eight of them are fitted with azimuth propulsion systems; one with a Voith system, one with a Z-propeller system and one is a conventionally propelled tug.
The fleet of eleven harbour tugs operate in major ports such as Jawaharlal Nehru Port Trust, Mumbai Port Trust, Kolkata Port Trust, Tuticorin Port Trust, New Mangalore Port Trust as well as in private ports like Gujarat Pipavav Port Limited, Gujarat Adani Port Limited, Hazira Port Pvt. Ltd and Mundra Port. The tugs provide round-the-clock service at ports for berthing / unberthing, towing of vessels, emergency fire fighting and all other harbour operations.
Ship Repair Services:
In Order to support the companyâ€™s large flotilla of offshore assets the company has utilized the available pool of technical knowledge and expertise to start a ship repair facility that will cater to the needs of the offshore industry.
The Ship Repair Services will be based at:
The services will encompass:
Inspection, Maintenance & Repair:
This division specializes in under water inspection and repairs, currently being on long term charter with IMR Division of ONGC. One of the currently deployed assets, Malaviya Thirty Six, is carrying out Saturation diving for Offshore Platforms NDT Inspection, Marine Growth removals, remedial and repair jobs to a depth of 90 M water and more. This vessel has Air diving capability also which is used on regular basis. The vessel has other capabilities for Pollution monitoring, Fire fighting with water and foam - FIFI 2, Rescue operations etc.
Other assets includes Malaviya Twenty Five, Malaviya Twenty Seven which are on FFSV, Fire fighting and support vessel contract with ONGC on long term, does platform remedial jobs with divers on upper side, SBM maintenance and other jobs viz: Fire Fighting, rescue operation etc. These vessels are built and specialized for these types of operations and operate on DP mode.