Global Offshore Services Ltd.
Snapshot View

25.11 +1.19 ▲5.0%

27 July 2021, 04:00:00 P.M.
Volume: 39,123

Overview View Details

Sector Logistics Compare with Sector peers
Industry Shipping Compare with Industry peers
Website http://www.globaloffshore.in
Financial Indicators
Market Cap 59.15 Cr.
Earnings per share (EPS) 88.20 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 0.27 Trailing Twelve Months Ending 2021-03
Industry PE - Trailing Twelve Months Ending 2021-03
Book Value / Share -34.13 Trailing Twelve Months Ending 2021-03
Price to Book Value -0.70 Calculated using Price: 23.92
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 2.47 Cr. 24,728,793 Shares
FaceValue 10
Company Profile

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.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.97%
1 Week
+21.42%
1 Month
+146.42%
3 Month
+312.32%
6 Month
+176.24%
1 Year
+458.00%
2 Year
+264.44%
5 Year
-81.62%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 8.88 16.79 12.39 13.04 -5.48 -41.01 -108.36
Return on Capital Employed (%) 6.30 9.15 7.47 7.50 2.41 -6.30 -14.68 -60.17 8.97
Return on Assets (%) 2.47 4.49 3.07 3.29 -1.47 -9.48 -16.57 -56.47 -0.88

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 266 366 387 460 467 339 146 -344 -413
Non Curr. Liab. 548 724 926 863 933 996 957 813 389
Curr. Liab. 188 199 275 216 273 289 381 721 845
Minority Int. 51 98 129 123 65 -5 -204 -193
Equity & Liab. 1,002 1,340 1,684 1,669 1,795 1,689 1,478 986 627
Non Curr. Assets 872 1,189 1,490 1,432 1,584 1,439 1,351 875 517
Curr. Assets 130 151 194 237 211 251 127 110 110
Misc. Exp. not W/O
Total Assets 1,002 1,340 1,684 1,669 1,795 1,689 1,478 986 627

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 224 270 361 399 372 162 136 128 122
Other Income 7 5 4 9 1 3 2 5 3
Total Income 231 275 365 408 373 164 138 132 125
Total Expenditure -130 -131 -196 -231 -265 -206 -195 -196 -97
PBIDT 101 143 168 177 108 -42 -57 -64 27
Interest -33 -37 -54 -54 -62 -69 -65 -81 -74
Depreciation -44 -45 -67 -66 -71 -68 -61 -59 -31
Taxation 0 -8 -1 -2 0 0 0 0 2
Exceptional Items 14 -80 -491 68
PAT 24 53 46 55 -25 -165 -263 -696 -7

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 126 84 176 110 105 35 0 20 16
Cash Fr. Inv. -88 -320 -372 40 -163 1 34 -7 47
Cash Fr. Finan. -31 239 208 -110 70 -35 -44 -19 -73
Net Change 7 4 12 40 11 1 -9 -6 -10
Cash & Cash Eqvt 33 38 54 74 50 31 21 21 12

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 33.06 33.06 33.06 33.10 33.10 33.10 33.12 33.29 33.29
Public 66.94 66.94 66.94 66.90 66.90 66.90 66.88 66.71 66.71
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 19 Jul 2021
Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompayGLOBAL OFFSHORE SERVICES LTD.-
2CINL61100MH1976PLC019229
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 485.13
4Highest Credit Rating during the previous FY A4
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)ACUITE RATINGS & RESEARCH LIMITED
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: A C CHANDARANA
Designation: COMPANY SECRETARY AND PRESIDENT LEGAL AND ADMN
EmailId: a_chandarana@globaloffshore.in
Name of the Chief Financial Officer: P S SHAH
Designation: CHIEF FINANCIAL OFFICER
EmailId: ps_shah@globaloffshore.in

Date: 19/07/2021

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Tue, 13 Jul 2021
Shareholding for the Period Ended June 30 2021
Global Offshore Services Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Mon, 12 Jul 2021
Disclosure Of Related Party Transactions - On Consolidation Basis
Pursuant to Reg. 23(9) of SEBI (LODR) Regulations 2015 please find attached Disclosure of Related Party Transactions - on consolidation basis.

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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