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Last Updated on: 08 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Global Offshore Services Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 7, 2024, 11:36 pm

Market Cap 216 Cr.
Current Price 84.7
High / Low102/33.0
Stock P/E
Book Value 33.3
Dividend Yield0.00 %
ROCE5.54 %
ROE23.0 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Global Offshore Services Ltd

Competitors of Global Offshore Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Global Offshore Services Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales17.7020.0921.5318.3814.6714.6118.5120.0512.666.4011.9112.8310.75
Expenses21.5521.6023.7115.9615.3414.6817.1216.4416.9416.1415.0217.696.10
Operating Profit-3.85-1.51-2.182.42-0.67-0.071.393.61-4.28-9.74-3.11-4.864.65
OPM %-21.75%-7.52%-10.13%13.17%-4.57%-0.48%7.51%18.00%-33.81%-152.19%-26.11%-37.88%43.26%
Other Income12.92131.18248.04-5.540.91-1.88-8.26-20.51-0.22-158.25616.30-2.457.60
Interest9.219.11-7.355.765.785.956.468.332.272.37-4.262.901.26
Depreciation7.468.067.877.9412.497.756.918.899.118.055.104.423.98
Profit before tax-7.60112.50245.34-16.82-18.03-15.65-20.24-34.12-15.88-178.41612.35-14.637.01
Tax %-0.66%0.04%0.19%-0.12%-0.11%-0.19%-1.04%-0.06%-0.13%-0.01%0.21%-0.14%0.29%
Net Profit-7.66112.46244.87-16.84-18.06-15.68-20.45-34.15-15.91-178.44611.06-14.656.98
EPS in Rs-1.8830.3566.16-6.50-7.17-5.98-5.50-13.81-5.92-71.59218.98-4.891.73

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales22428137040739116213612812278655142
Expenses1301432052382842061951969786626455
Operating Profit94138164168107-44-59-6925-83-13-13
OPM %42%49%44%41%27%-27%-43%-54%20%-10%5%-26%-31%
Other Income7549116-78-48771391-15437463
Interest333754546269658174232492
Depreciation44456766716861593130353122
Profit before tax24614757-25-165-263-696-9330-71384426
Tax %2%14%2%3%-1%-0%0%-0%21%0%-0%0%
Net Profit24534655-25-165-262-696-7329-71383425
EPS in Rs9.8121.0415.4417.95-4.55-46.17-77.89-199.69-14.0888.20-25.16127.65144.23
Dividend Payout %24%11%8%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)120.83%-13.21%19.57%-145.45%-560.00%-58.79%-165.65%98.99%4800.00%-121.58%639.44%
Change in YoY Net Profit Growth (%)0.00%-134.04%32.77%-165.02%-414.55%501.21%-106.86%264.64%4701.01%-4921.58%761.02%

Global Offshore Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-20%
5 Years:-21%
3 Years:-20%
TTM:-21%
Compounded Profit Growth
10 Years:%
5 Years:14%
3 Years:18%
TTM:92%
Stock Price CAGR
10 Years:-16%
5 Years:69%
3 Years:25%
1 Year:125%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-23%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital252525252525252525252525
Reserves342362435442314121-369-438-212-2802358
Borrowings8461,0991,0171,1331,1231,0861,1551,04367869915737
Other Liabilities127198192195228247174-1891034623
Total Liabilities1,3401,6841,6691,7951,6891,478986629580546250143
Fixed Assets1,1811,4901,4271,5841,3951,305839514522495194120
CWIP205000000000
Investments000000000000
Other Assets15619423721129517314611658515622
Total Assets1,3401,6841,6691,7951,6891,478986629580546250143

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 8417611010535020162318812
Cash from Investing Activity -318-36819-199034-147-10-66581
Cash from Financing Activity 239208-11070-35-44-19-73-18-9-77-94
Net Cash Flow51719-24-0-90-9-53-4-1

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow94.00-708.00163.00167.00106.00-45.00-60.00-70.0024.00-686.00-696.00-170.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6355396881825382102737743
Inventory Days
Days Payable
Cash Conversion Cycle6355396881825382102737743
Working Capital Days-73-81-8-515-548-1,581-1,994-556-865-186-57
ROCE %9%7%7%2%-7%-9%-13%-1%-9%-8%-17%-6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters33.29%33.29%33.29%33.10%33.29%33.29%33.29%33.29%33.29%33.29%33.29%32.47%
FIIs0.57%0.93%1.06%1.28%1.58%1.58%1.58%1.97%1.50%0.62%0.41%0.28%
DIIs5.25%5.25%5.25%5.24%5.24%5.24%4.00%3.21%1.95%0.16%0.16%0.16%
Government0.00%0.00%0.00%0.00%0.00%1.26%0.00%0.00%0.00%0.00%0.00%0.00%
Public60.89%60.53%60.41%60.37%59.89%58.62%61.13%61.52%63.27%65.94%66.14%67.07%
No. of Shareholders19,45019,08119,16018,93118,41918,12117,95917,81317,80517,85817,78217,996

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)15.23127.65-25.1688.20-14.09
Diluted EPS (Rs.)15.23127.65-25.1688.20-14.09
Cash EPS (Rs.)21.17167.30-14.53145.379.56
Book Value[Excl.RevalReserv]/Share (Rs.)33.327.29-139.78-107.45-245.27
Book Value[Incl.RevalReserv]/Share (Rs.)33.327.29-139.78-107.45-245.27
Revenue From Operations / Share (Rs.)15.8620.6326.2731.4149.31
PBDIT / Share (Rs.)2.58-5.401.71-2.9310.74
PBIT / Share (Rs.)-3.36-18.00-12.48-15.26-1.71
PBT / Share (Rs.)16.03155.26-28.61133.27-3.63
Net Profit / Share (Rs.)15.23154.71-28.73133.04-2.88
NP After MI And SOA / Share (Rs.)14.49127.65-25.1688.20-14.09
PBDIT Margin (%)16.26-26.176.50-9.3321.77
PBIT Margin (%)-21.15-87.23-47.50-48.59-3.46
PBT Margin (%)101.11752.58-108.89424.32-7.36
Net Profit Margin (%)96.07749.92-109.33423.56-5.84
NP After MI And SOA Margin (%)91.38618.78-95.76280.81-28.56
Return on Networth / Equity (%)43.49664.850.00-116.570.00
Return on Capital Employeed (%)-9.18-163.169.6128.061.95
Return On Assets (%)25.10126.41-11.3837.25-5.53
Long Term Debt / Equity (X)0.060.19-0.09-0.70-0.94
Total Debt / Equity (X)0.413.30-2.74-1.08-1.14
Asset Turnover Ratio (%)0.190.120.110.090.08
Current Ratio (X)0.420.250.050.080.13
Quick Ratio (X)0.230.180.030.050.07
Interest Coverage Ratio (X)1.06-1.530.17-0.310.36
Interest Coverage Ratio (Post Tax) (X)-1.71-5.27-1.30-1.69-0.03
Enterprise Value (Cr.)136.88170.91709.40125.77272.42
EV / Net Operating Revenue (X)3.493.3510.921.622.23
EV / EBITDA (X)21.47-12.80167.71-17.3510.26
MarketCap / Net Operating Revenue (X)2.740.981.710.200.05
Price / BV (X)1.311.06-0.43-0.08-0.01
Price / Net Operating Revenue (X)2.740.981.710.200.05
EarningsYield0.336.28-0.5513.80-5.42

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Global Offshore Services Ltd as of October 8, 2024 is: ₹117.18

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of October 8, 2024, Global Offshore Services Ltd is Undervalued by 38.35% compared to the current share price ₹84.70

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Global Offshore Services Ltd as of October 8, 2024 is: ₹323.07

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 8, 2024, Global Offshore Services Ltd is Undervalued by 281.43% compared to the current share price ₹84.70

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 175.71%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -201.83, which is a positive sign.
  2. The company has shown consistent growth in sales (189.00 cr) and profit (7.69 cr) over the years.
  1. The stock has a low average ROCE of -3.75%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 68.17, which may not be favorable.
  3. The company has higher borrowings (839.42) compared to reserves (66.50), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Global Offshore Services Ltd:
    1. Net Profit Margin: 96.07%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -9.18% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 43.49% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -1.71
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.23
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.41
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Global Offshore Services Ltd. is a Public Limited Listed company incorporated on 20/09/1976 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L61100MH1976PLC019229 and registration number is 019229. Currently company belongs to the Industry of Shipping. Company’s Total Operating Revenue is Rs. 47.35 Cr. and Equity Capital is Rs. 24.73 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
ShippingProspect Chambers, 3rd Floor, Mumbai Maharashtra 400001investorredressal@globaloffshore.in
http://www.globaloffshore.in
Management
NamePosition Held
Mr. Aditya GarwareChairman
Mr. Mukund Madhav HonkanWhole Time Director
Mrs. Faisy VijuDirector
Mr. Jisupriya GuhathakurtaDirector
Ms. Smita D GaurDirector
Mrs. Maneesha ShahDirector

FAQ

What is the latest fair value of Global Offshore Services Ltd?

The latest fair value of Global Offshore Services Ltd is ₹117.18.

What is the Market Cap of Global Offshore Services Ltd?

The Market Cap of Global Offshore Services Ltd is 216 Cr..

What is the current Stock Price of Global Offshore Services Ltd as on 08 October 2024?

The current stock price of Global Offshore Services Ltd as on 08 October 2024 is ₹84.7.

What is the High / Low of Global Offshore Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of Global Offshore Services Ltd stocks is 102/33.0.

What is the Stock P/E of Global Offshore Services Ltd?

The Stock P/E of Global Offshore Services Ltd is .

What is the Book Value of Global Offshore Services Ltd?

The Book Value of Global Offshore Services Ltd is 33.3.

What is the Dividend Yield of Global Offshore Services Ltd?

The Dividend Yield of Global Offshore Services Ltd is 0.00 %.

What is the ROCE of Global Offshore Services Ltd?

The ROCE of Global Offshore Services Ltd is 5.54 %.

What is the ROE of Global Offshore Services Ltd?

The ROE of Global Offshore Services Ltd is 23.0 %.

What is the Face Value of Global Offshore Services Ltd?

The Face Value of Global Offshore Services Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Global Offshore Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE