Is Global Offshore Services a good quality company?

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

Is Global Offshore Services 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 .

What is Global Offshore Services share price return in the past 10 years?

Global Offshore Services Ltd share price has declined -17.9% annually (CAGR) over the past ten years.

Is Global Offshore Services a good buy now?

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

What is the P/E ratio of Global Offshore Services?

The latest standalone P/E ratio of Global Offshore Services as of 19-Apr-2024 is 0.30.

What is the P/B ratio of Global Offshore Services?

The latest standalone P/B ratio of Global Offshore Services as of 19-Apr-2024 is 0.55.

Global Offshore Services Ltd - Stock Valuation and Financial Performance

Name: Global Offshore Services
Brand: Global Offshore Services

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

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Global Offshore Serv Share Price

₹46.75 2.17 4.87%
as on 19-Apr'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	5.6%	4.6%	6.8%	1.7%	-19.2%	-8.7%	-8.5%	-2.5%	-7.8%	6.2%	-
Value Creation Index ⓘ	-0.6	-0.7	-0.5	-0.9	-2.4	-1.6	-1.6	-1.2	-1.6	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	122	89.9	160	98.5	76.3	64.8	70.8	61.2	47.4	29.6	26
Sales YoY Gr.	-	-26.4%	77.7%	-38.4%	-22.6%	-15%	9.2%	-13.6%	-22.6%	-37.5%	-
Adj EPS ⓘ	11	9.9	15.2	-0.1	-61.2	-29	-26.3	-10.3	-20.6	8.1	154.3
YoY Gr.	-	-10.1%	54.2%	-100.5%	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	138.8	153.3	166.1	167.8	106.4	77.4	51.3	44.3	19.3	88.8	84.4
Adj Net Profit ⓘ	27.1	24.4	37.6	-0.2	-151	-71.8	-65	-25.5	-50.8	19.9	382
Cash Flow from Ops. ⓘ	52	44.6	65.8	47.7	7.1	12.1	24.6	11	10.7	-1	-
Debt/CF from Ops. ⓘ	6.4	6.7	6.1	7.9	52.2	32.2	17	36	38	-38.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-14.6%	-17.2%	-25.2%	-37.5%
Adj EPS ⓘ	-3.4%	NA	NA	NA
BVPSⓘ	-4.8%	-3.6%	20.1%	361.3%
Share Price	-17.9%	32.8%	93%	59.9%

Key Financial Parameters ⓘ

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 % ⓘ	7.9	6.8	9.5	-0.1	-44.7	-31.6	-40.9	-21.6	-64.7	14.9	178.2
Op. Profit Mgn % ⓘ	52.9	54.7	51.2	40.5	22.4	22.7	31.8	25.3	2	-56.3	-10.9
Net Profit Mgn % ⓘ	22.2	27.1	23.5	-0.2	-198.5	-110.8	-91.9	-41.7	-107.4	67.2	1448
Debt to Equity ⓘ	1	0.8	1	0.9	1.4	2	3.3	3.6	8.6	0.2	-
Working Cap Days ⓘ	311	393	174	298	370	355	308	292	260	322	315
Cash Conv. Cycle ⓘ	160	188	99	195	249	255	216	204	173	174	-190

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 178.20%

Debt to equity has declined versus last 3 years average to 0.18

Sales growth has been subdued in last 3 years -25.22%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.35%

Latest Financials - Global Offshore Services Ltd.

	Standalone	Consolidated
TTM EPS (₹)	154.3	214.5
TTM Sales (₹ Cr.)	26.4	36.3
BVPS (₹.) ⓘ	84.4	14.4
Reserves (₹ Cr.) ⓘ	184	11
P/BV ⓘ	0.55	3.22
PE ⓘ	0.30	0.22

From the Market
52 Week Low / High (₹)	26.05 / 70.39
All Time Low / High (₹)	2.00 / 864.90
Market Cap (₹ Cr.)	114
Equity (₹ Cr.)	24.7
Face Value (₹)	10
Industry PE ⓘ	8.4

Management X-Ray of Global Offshore Serv:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Global Offshore Serv

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Price to Earnings

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Analyst's Notes

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Key Ratios of Global Offshore Serv

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	122	90	160	98	76	65	71	61	47	30
Operating Expenses ⓘ	64	46	89	66	64	50	48	46	46	46
Manufacturing Costs	16	10	40	29	30	20	18	16	16	16
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	29	22	26	21	21	21	21	20	20	19
Other Costs ⓘ	19	14	23	16	13	9	9	10	10	11
Operating Profit ⓘ	59	44	71	33	12	15	23	16	1	-17
Operating Profit Margin (%)	47.9%	48.8%	44.4%	33.1%	16.1%	22.7%	31.8%	25.3%	2.0%	-56.3%
Other Income ⓘ	4	2	0	1	2	1	1	0	0	0
Interest ⓘ	16	9	19	20	21	27	25	18	19	3
Depreciation ⓘ	23	13	22	23	24	23	24	26	28	24
Exceptional Items ⓘ	0	0	0	14	-120	-36	-41	12	-16	217
Profit Before Tax ⓘ	24	23	30	5	-152	-72	-67	-17	-62	173
Tax ⓘ	1	2	0	0	0	0	-2	1	0	1
Profit After Tax	23	21	30	4	-152	-72	-65	-17	-62	172
PAT Margin (%)	18.8%	23.0%	18.8%	4.4%	-198.0%	-110.0%	-91.6%	-28.1%	-131.0%	580.9%
Adjusted EPS (₹)	9.3	8.4	12.1	1.7	-61.3	-29.0	-26.2	-7.0	-25.1	69.6
Dividend Payout Ratio (%)	13%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	343	379	411	415	263	191	127	110	48	220
Share Capital ⓘ	25	25	25	25	25	25	25	25	25	25
Reserves ⓘ	319	354	386	390	238	167	102	85	23	195
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	279	252	351	304	255	216	175	101	56	30
Long Term Debt	241	218	314	257	208	171	131	68	25	4
Short Term Debt	38	34	37	47	47	45	44	32	32	26
Trade Payables	9	11	6	7	8	8	9	7	7	12
Others Liabilities ⓘ	77	66	63	90	153	227	325	394	472	23
Total Liabilities ⓘ	709	708	832	816	679	642	636	611	583	285
Fixed Assets
Gross Block	569	517	645	541	543	551	564	592	597	194
Accumulated Depreciation	133	114	100	23	50	89	113	139	168	24
Net Fixed Assetsⓘ	436	403	545	519	492	463	451	453	429	171
CWIP ⓘ	0	5	0	0	0	0	0	0	0	0
Investmentsⓘ	156	205	205	205	113	113	113	113	113	113
Inventories	25	32	32	42	42	40	38	17	14	11
Trade Receivables	49	26	28	22	13	11	14	15	8	4
Cash Equivalents	3	16	9	5	7	6	11	7	11	6
Others Assetsⓘ	40	22	13	24	11	9	8	6	6	-20
Total Assets ⓘ	709	708	832	816	679	642	636	611	583	285

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	52	45	66	48	7	12	25	11	11	-1
PBT ⓘ	24	23	30	5	-152	-72	-67	-17	-62	173
Adjustment ⓘ	36	14	37	41	164	86	89	32	63	-190
Changes in Working Capital ⓘ	-2	8	-1	4	-4	-3	1	-6	11	17
Tax Paid ⓘ	-6	0	0	-2	-2	0	1	2	-1	-1
Cash Flow From Investing Activity ⓘ	-5	-9	-159	-13	-1	-8	-12	-4	-5	66
Capex	46	22	-159	0	-1	-9	-13	-4	-5	66
Net Investments	-44	-49	0	0	0	0	0	0	0	0
Others ⓘ	-6	18	0	-12	0	0	1	0	0	0
Cash Flow From Financing Activityⓘ	-54	-23	87	-40	-4	-4	-7	-12	-2	-69
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	-2	-1	0	0	0	-62
Interest Paid ⓘ	-16	-9	-18	-15	-2	-1	-2	-1	-1	-2
Dividend Paid ⓘ	-6	-3	0	0	0	0	0	0	0	0
Others ⓘ	-32	-11	104	-25	0	-2	-4	-11	-1	-6
Net Cash Flow ⓘ	-7	13	-6	-5	2	-1	5	-4	4	-4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	6.66	5.73	7.6	1.04	-44.72	-31.57	-40.74	-14.58	-78.96	128.75
ROCE (%)	5.77	4.72	6.58	3.07	-18.29	-7.36	-7.49	0.27	-8.95	49.41
Asset Turnover Ratio	0.17	0.13	0.21	0.12	0.1	0.1	0.11	0.1	0.08	0.07
PAT to CFO Conversion(x)	2.26	2.14	2.2	12	N/A	N/A	N/A	N/A	N/A	-0.01
Working Capital Days
Receivable Days	128	152	61	92	85	68	62	86	92	75
Inventory Days	72	115	72	136	201	231	202	164	120	157
Payable Days	0	0	0	0	0	0	0	0	0	0

Global Offshore Services Ltd Stock News

Global Offshore Services Ltd FAQs

What is the share price of Global Offshore Serv?

Company share prices are keep on changing according to the market conditions. The closing price of Global Offshore Serv on 19-Apr-2024 16:01 is ₹46.75.

What is the market cap of Global Offshore Serv?

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 19-Apr-2024 16:01 the market cap of Global Offshore Serv stood at ₹114.2.

What is the P/E ratio of Global Offshore Serv?

The latest P/E ratio of Global Offshore Serv as of 19-Apr-2024 16:01 is 0.30.

What is the P/B ratio of Global Offshore Serv?

The latest P/B ratio of Global Offshore Serv as of 19-Apr-2024 16:01 is 0.55.

What is the 52-week high and low of Global Offshore Serv?

The 52-week high of Global Offshore Serv is ₹70.39 and the 52-week low is ₹26.05.

What is the TTM revenue of Global Offshore Serv?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Global Offshore Serv is ₹26.35 ( 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. limitedâ€™ 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 companyâ€™s vessels support the oil and gas exploration efforts and are presently employed with various E& P companies.

The companyâ€™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. â€œm v poornaâ€ 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. â€œmv meghnaâ€ 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 â€˜M V Makaluâ€™. The annual revenue from this contract is expected to be in the region of Rs 350 million.