NSEI:GLOBOFFS

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Global Offshore Services

Executive Summary

Global Offshore Services Limited engages in the charter of offshore support vessels in India, the North Sea, Brazil, and West Africa. More Details


Snowflake Analysis

Good value with questionable track record.

Share Price & News

How has Global Offshore Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GLOBOFFS is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: GLOBOFFS's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-3.7%

GLOBOFFS

-2.1%

IN Energy Services

-2.2%

IN Market


1 Year Return

76.7%

GLOBOFFS

1.5%

IN Energy Services

15.2%

IN Market

Return vs Industry: GLOBOFFS exceeded the Indian Energy Services industry which returned 1.5% over the past year.

Return vs Market: GLOBOFFS exceeded the Indian Market which returned 15.2% over the past year.


Shareholder returns

GLOBOFFSIndustryMarket
7 Day-3.7%-2.1%-2.2%
30 Day-12.1%3.2%3.4%
90 Day65.5%10.5%21.5%
1 Year76.7%76.7%2.4%1.5%17.3%15.2%
3 Year-75.8%-75.8%-28.9%-30.9%7.2%2.0%
5 Year-96.9%-96.9%49.5%43.8%78.6%65.0%

Long-Term Price Volatility Vs. Market

How volatile is Global Offshore Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Global Offshore Services undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GLOBOFFS (₹9.1) is trading below our estimate of fair value (₹1709.95)

Significantly Below Fair Value: GLOBOFFS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GLOBOFFS is good value based on its PE Ratio (2.1x) compared to the IN Energy Services industry average (16.3x).

PE vs Market: GLOBOFFS is good value based on its PE Ratio (2.1x) compared to the Indian market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GLOBOFFS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GLOBOFFS has negative assets, so we can't compare its PB Ratio to the IN Energy Services industry average.


Next Steps

Future Growth

How is Global Offshore Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.7%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Global Offshore Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Global Offshore Services performed over the past 5 years?

-31.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLOBOFFS has a large one-off gain of ₹965.9M impacting its September 30 2020 financial results.

Growing Profit Margin: GLOBOFFS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GLOBOFFS has become profitable over the past 5 years, growing earnings by -31% per year.

Accelerating Growth: GLOBOFFS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GLOBOFFS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-12%).


Return on Equity

High ROE: GLOBOFFS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Global Offshore Services's financial position?


Financial Position Analysis

Short Term Liabilities: GLOBOFFS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GLOBOFFS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GLOBOFFS has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: GLOBOFFS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: GLOBOFFS's debt is not well covered by operating cash flow (9.6%).

Interest Coverage: GLOBOFFS's interest payments on its debt are not well covered by EBIT (0.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Global Offshore Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GLOBOFFS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GLOBOFFS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GLOBOFFS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GLOBOFFS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GLOBOFFS is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GLOBOFFS's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Global Offshore Services has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Aditya Garware
Founder & Non-Executive Chairman2.67yrs₹100.00k3.13%
₹ 6.8m
Pradip Shah
Chief Financial Officer3.5yrs₹3.92m0.00040%
₹ 871.4
S. Kanwar
President of Operation & HSSEno data₹37.00no data
A. Chandarana
President of Legal & Adminno data₹4.05m0.015%
₹ 31.8k
K. Dave
President of Commercialno data₹46.000.00040%
₹ 871.4
Mukund Honkan
Whole Time Director1.75yrs₹4.62m0.0040%
₹ 8.8k
P. Malap
General Manager of Accountsno datano datano data
V. Vibhute
President of Technical0.75yrno datano data
M. Kudalkar
Senior Manager of HR & Adminno datano datano data

1.8yrs

Average Tenure

53yo

Average Age

Experienced Management: GLOBOFFS's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Aditya Garware
Founder & Non-Executive Chairman2.67yrs₹100.00k3.13%
₹ 6.8m
Mukund Honkan
Whole Time Director1.75yrs₹4.62m0.0040%
₹ 8.8k
Anil Thanavala
Independent Director16.67yrs₹150.00k0.00040%
₹ 871.4
Maneesha Shah
Non-Independent & Non Executive Director28.17yrs₹75.00k0.49%
₹ 1.1m
Sayeed Mulani
Independent Director8.5yrs₹125.00kno data
Faisy Viju
Additional Independent Director1yr₹45.00kno data

5.6yrs

Average Tenure

51yo

Average Age

Experienced Board: GLOBOFFS's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Global Offshore Services Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Global Offshore Services Limited
  • Ticker: GLOBOFFS
  • Exchange: NSEI
  • Founded: 1976
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: ₹217.861m
  • Shares outstanding: 24.73m
  • Website: https://www.globaloffshore.in

Number of Employees


Location

  • Global Offshore Services Limited
  • 101 & 202, Swapnabhoomi
  • A-Wing
  • Mumbai
  • Maharashtra
  • 400028
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
501848BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2001
GLOBOFFSNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2001

Biography

Global Offshore Services Limited engages in the charter of offshore support vessels in India, the North Sea, Brazil, and West Africa. Its vessels provide support services to the oil and gas exploration act...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 12:06
End of Day Share Price2021/01/19 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.