Global Offshore Services Ltd

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NSEBSE
Stock not tradded

48.72-0.37 (-0.75%)

04:01 PM,29th Feb 2024

BSE : 501848

NSE : GLOBOFFS

Sector : Infrastructure

ISIN Code : INE446C01013

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Last Updated: Feb 29 2024 | 04:01 PM IST

Market Cap (₹ Cr)

0

Turnover (₹ Cr)

0.00

Volume (Shares)

Face Value

10

52-WK High

0.00

52-WK High Date

Invalid date

52-WK Low

0.00

52-WK Low Date

Invalid date

All Time High

862.40

All Time High Date

03 Feb 2015

All Time Low

2.00

All Time Low Date

23 Feb 2000

Global Offshore Services Ltd

Incorporated in Sep.'76 Global Offshore Services Limited(formerly known Garware Shipping Corporation Limited) was promoted by B D Garware which belonged to the Garware Group. The Company is involved in the business of Owning Operating and chartering offshore support vessels. Apart from this it is providing offshore support services to exploration and production Companies. Its vessels support oil and gas exploration activities as well as offshore projects. The Platform Supply Vessels ( PSVs) owned and operated by the Company and its subsidiary are deployed in India and West Africa.The company came out with a rights issue at a premium of Rs 8 aggregating Rs 9.07 cr to strengthen its resources for long-term use and meet working capital requirements. In Mar.'90 GSCL embarked upon an expansion programme estimated to cost Rs 15 cr to acquire three conventional cargo ships. The trend of increased charter hire earnings continued during the year. The company plans to increase its tonnage and is looking for the right opportunity.The company came out with a rights issue in 1994 at a premium of Rs 12 to finance its modernisation and capital expenditure. The company vessel M V Shivneri ran aground in Oct.'94 which was declared a constructive total loss by the insurance company.The Company acquired a Platform Supply Vessel (PSV) from a Norwegian Shipping Company during the year 2005. Effective from 16January 2006 name of the Company was changed to 'Garware Offshore Services Limited'.The Company's first newly constructed Platform Supply Vessel built by Havyard Leirvik AS M.V. Kailash was delivered in Nov' 06. The fourth Platform Supply Vessel 'M.V. Mana' was delivered in June 2008. The Company set up a WOS at Singapore viz. 'Garware Offshore International Services Pte. Ltd.' (GOISPL) on 2nd July 2007. Through the Memorandum of Understanding signed with Havyard Leirvik AS for the marketing and sale of designs of Ships the Company marketed 4 Havyard designs to an Indian Shipyard during period 2007-08.During the year 2009 additional 5 vessels were introduced to the fleet comprising of `M.V. Mana' `M.V. Poorna `M.V. Meghna' `M.V. Makalu' and `M.V. Mahananda'. The Company acquired and subsequently sold the Accommodation Work Barge viz. Beau Geste which was on aBareboat charter with the Company since 2009.In 2010-11 the Company sold its second hand Platform Supply Vessel 'M.V. Everest' in January 2010. It sold its second hand Platform Supply Vessel `M.V. Mana' in 2011. The Company's wholly owned subsidiary in The Netherlands took delivery of one Large Platform Supply Vessel `M.V.Beaucephalus' in December 2010. The Company established a Wholly Owned Subsidiary in The Netherlands viz. Global Offshore Services B.V. (GOSBV) in 2011. Two of the Company's Anchor Handling Tug cum Supply Vessels (AHTSVs) viz. M.V.Poorna & M.V.Mahananda commenced their operations in 2012. GOSBV acquired 3 Vessels viz M. V. Shergar M.V. Everest and M.V. Ben Nevis during the year 2012-13. The Company acquired two vessels one in Global Offshore Services Limited and one in the Netherland subsidiary during 2014-15. Additionally it acquired one new AHTSV which is presently trading in the spot market during the year 2015. During the year 2019-20 in conjunction with the Banks 2 Vessels owned by the Subsidiary in the Netherlands were sold. Of the 9 Vessels being operated on a consolidated basis at the end of March 2020 7 Vessels were on Term Contract 1 was trading in the spot market in the North Sea and 1 was scheduled to be reactivated in a Yard in the UK.During the year 2022-23 3 of 6 vessels were sold during the year. Post the year 2022-23 in May 2023 one additional vessel was sold.

Global Offshore Services Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

120

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

0.57

Face Value (₹) 10
Latest Dividend (%)12.00
Latest Dividend Date 16 Sep 2014
Dividend Yield (%) -
Book Value Share (₹) [S]85.42
P/B Ratio (₹) [S]0.57
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

47.05

49.50

Week Low/High

47.05

54.00

Month Low/High

47.05

58.00

Year Low/High

19.56

70.00

All time Low/High

2.00

865.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.56%%-0.90-1.06%
1 Month-14.83%%0.781.13%
3 Month15.70%%8.379.39%
6 Month16.14%%11.4113.65%
1 Year29.40%%22.9627.04%
3 Year425.00%-13.26%47.6651.30%

Company Info

Company Information

Non Executive Director : Maneesha Shah

Company Sec. & Compli. Officer : A C Chandarana

Independent Director : A K Thanavala

Independent Director : S Y Mulani

Chairman (Non-Executive) : Aditya Garware

Whole-time Director : Mukund Madhav Honkan

Independent Director : Faisy Viju

Registered Office: 101 Swapnabhoomi A Wing, S K Bole Road Dadar (W),Mumbai,Maharashtra-400028 Ph: 91-22-24234000

Email:info@globaloffshore.in

URL:http://www.globaloffshore.in