Global Offshore Services Ltd.
Snapshot View

42.55 +1.20 ▲2.9%

20 May 2022, 04:01:00 PM
Volume: 22,818

Overview View Details

Sector Logistics Compare with Sector peers
Industry Shipping Compare with Industry peers
Website http://www.globaloffshore.in
Market Cap 105.96 Cr.
Enterprise Value(EV) 287.66 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 46.50 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 0.92 Trailing Twelve Months Ending 2021-12
Industry PE - Trailing Twelve Months Ending 2021-12
Book Value / Share -96.12 Trailing Twelve Months Ending 2021-12
Price to Book Value -0.44 Calculated using Price: 42.55
Dividend Yield 0.00 Period Ending 2021-03
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
+2.90%
1 Week
+7.86%
1 Month
+0.24%
3 Month
-5.97%
6 Month
-1.16%
1 Year
+546.66%
2 Year
+1119.20%
5 Year
-5.97%
10 Year
-36.11%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 16.79 12.39 13.04 -5.48 -41.01 -108.36
Return on Capital Employed (%) 9.15 7.47 7.50 2.41 -6.30 -14.68 -60.17 8.97 62.58
Return on Assets (%) 4.49 3.07 3.29 -1.47 -9.48 -16.57 -56.47 -0.88 54.32

Balance Sheet View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 366 387 460 467 339 146 -344 -413 -187 -223
Non Curr. Liab. 724 926 863 933 996 957 813 389 130 107
Curr. Liab. 199 275 216 273 289 381 721 845 720 774
Minority Int. 51 98 129 123 65 -5 -204 -193 -79 -81
Equity & Liab. 1,340 1,684 1,669 1,795 1,689 1,478 986 627 584 577
Non Curr. Assets 1,189 1,490 1,432 1,584 1,439 1,351 875 517 522 505
Curr. Assets 151 194 237 211 251 127 110 110 62 73
Misc. Exp. not W/O
Total Assets 1,340 1,684 1,669 1,795 1,689 1,478 986 627 584 577

Profit Loss View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 270 361 399 372 162 136 128 122 78 69
Other Income 5 4 9 1 3 2 5 3 1 0
Total Income 275 365 408 373 164 138 132 125 79 70
Total Expenditure -131 -196 -231 -265 -206 -195 -196 -97 -86 -70
PBIDT 143 168 177 108 -42 -57 -64 27 -7 0
Interest -37 -54 -54 -62 -69 -65 -81 -74 -23 -10
Depreciation -45 -67 -66 -71 -68 -61 -59 -31 -30 -36
Taxation -8 -1 -2 0 0 0 0 2 -1 -1
Exceptional Items 14 -80 -491 68 390 241
PAT 53 46 55 -25 -165 -263 -696 -7 329 194
Minority Interest -1 -8 -11 14 51 70 202 -28 -111 -79
Share Associate
Other Related Items
Consolidated Net Profit 52 38 44 -11 -114 -193 -494 -35 218 115
Adjusted EPS 21 15 18 -5 -46 -78 -200 -14 88 47

Cash Flow View Details

Particulars 10 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. 2021-03 Rs. Cr.
Cash Fr. Operatn. 126 84 176 110 105 35 0 20 16 23
Cash Fr. Inv. -88 -320 -372 40 -163 1 34 -7 47 -10
Cash Fr. Finan. -31 239 208 -110 70 -35 -44 -19 -73 -12
Net Change 7 4 12 40 11 1 -9 -6 -10 1
Cash & Cash Eqvt 33 38 54 74 50 31 21 21 12 13

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 33.10 33.10 33.10 33.12 33.29 33.29 33.29 33.29 33.29
Public 66.90 66.90 66.90 66.88 66.71 66.71 66.71 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

Thu, 19 May 2022
POSTAL BALLOT NOTICE
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we hereby inform that vide Circular Resolution dated 19.05.2022 the Board of Directors of the Company has approved Postal Ballot Notice for seeking shareholders approval for re-appointment of Mr.M.M.Honkan as Whole Time Director for a period of 3 years w.e.f. 1" April 2022. The Board has also approved appointment of Messrs. Tahir S. Sapatwala as Scrutinizer for the Postal Ballot.
Tue, 19 Apr 2022
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
In pursuance of Regulation 39(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (LODR) we wish to inform you that the Company received following request from Shareholder for issue of duplicate Share Certificates in lieu of the Share Certificate which is reported lost / misplaced.
Fri, 08 Apr 2022
Regulation 40(9) Of SEBI (LODR) Regulations 2015.
Pursuant to Regulation 40(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed herewith Compliance Certificate issued by the Practicing Company Secretary Mr. Taher S. Sapatwala for the period from 01st April 2021 to 31st March 2022.

Technical Scans View Details

Fri, 20 May 2022
High Delivery Percentage High Delivery Percentage
Close Crossing Last Week High Close Crossing Last Week High
High Increase 1 Year High Increase 1 Year
High Increase 2 Years High Increase 2 Years
Closing Near 200 SMA Closing Near 200 SMA

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