Last 428.15 INR
Change Today -21.15 / -4.71%
Volume 51.6K
GWOS On Other Exchanges
Symbol
Exchange
Natl India
As of 5:38 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

global offshore services ltd (GWOS) Snapshot

Open
458.00
Previous Close
449.30
Day High
458.00
Day Low
422.90
52 Week High
08/7/14 - 574.95
52 Week Low
10/10/13 - 44.30
Market Cap
10.6B
Average Volume 10 Days
56.0K
EPS TTM
15.72
Shares Outstanding
24.7M
EX-Date
09/16/14
P/E TM
27.2x
Dividend
1.20
Dividend Yield
0.28%
Current Stock Chart for GLOBAL OFFSHORE SERVICES LTD (GWOS)

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global offshore services ltd (GWOS) Details

Global Offshore Services Limited is engaged in the charter of offshore support vessels primarily in India, the North Sea, Brazil, the Middle East, and West Africa. Its vessels provide support services to the oil and gas exploration activities; and offshore/underwater construction projects. The company’s vessels also involved in the transport of personnel to rigs from onshore bases; delivery of cargo/material to rigs; anchor handling operations; and towing of rigs. It owns and operates a fleet of 12 vessels, including 4 anchor handling tug cum supply vessels and 2 platform supply vessels. The company was formerly known as Garware Offshore Services Limited and changed its name to Global Offshore Services Limited in March 2011. Global Offshore Services Limited was incorporated in 1976 and is based in Mumbai, India.

Founded in 1976

global offshore services ltd (GWOS) Top Compensated Officers

Vice Chairman, Managing Director and Member o...
Total Annual Compensation: 12.2M
Executive Chairman and Chairman of Share Tran...
Total Annual Compensation: 9.9M
Compensation as of Fiscal Year 2014.

global offshore services ltd (GWOS) Key Developments

Global Offshore Services Limited Announces Unaudited Standalone and Consolidated Financial Results for the First Quarter Ended June 30, 2014

Global Offshore Services Limited announced unaudited standalone and consolidated financial results for the first quarter ended June 30, 2014. For the quarter, the company reported on consolidated total income of INR 1,072.618 million against INR 692.359 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 368.455 million against INR 149.679 million a year ago. Profit from ordinary activities before tax was INR 241.144 million against INR 65.38 million a year ago. Net profit for the period was INR 194.8 million or INR 7.88 per diluted share against INR 64.977 million or INR 2.63 per diluted share a year ago. For the quarter, the company reported on standalone total income of INR 311.416 million against INR 313.948 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 110.824 million against INR 118.281 million a year ago. Profit from ordinary activities before tax was INR 84.480 million against INR 81.189 million a year ago. Net profit for the period was INR 74.29 million or INR 3 per diluted share against INR 78.906 million or INR 3.19 per diluted share a year ago.

Global Offshore Services Limited, Board Meeting, Aug 13, 2014

Global Offshore Services Limited, Board Meeting, Aug 13, 2014. Agenda: To consider unaudited consolidated and standalone financial results for the first quarter ended June 30, 2014.

Bourbon Reportedly Acquire Global Offshore

Bourbon (ENXTPA:GBB) may acquire Global Offshore Services Limited (BSE:501848) (GOSL). Bourbon is set to o sign a deal on July 14, 2014 to acquire a majority stake in GOSL. KPMG and EY have set the enterprise valuation of GOSL at INR 42 billion. According to people participating in the discussion, Bourbon has invited a section of promoters and investors of GOSL to Paris for signing the deal. Bourbon seeks to acquire a 50.1% stake in GOSL and will come up with an open offer for another 25% after the deal. Garware family holds 23% stake in GOSL. According to the news report, Garware family will offload around 20% of its stake and retain 3% for some time. Aditya Garware, currently Vice-Chairman and Managing Director of GOSL, will continue in his position until Bourbon integrates the acquired company’s businesses with itself. The report added that queries sent to the Garware group remained unanswered. Rondor Overseas Ltd. and Clearwell Enterprises Ltd are not divesting their holdings. These two hold a total of 10.37% in GOSL. Manoj Mittal along with his associates, holds 6.9% in GOSL will offload his stake only in the open offer. The report added that Manoj Mittal also declined to comment. On July 1, 2014, GOSL share price dropped 1.46% to INR 361.25 on Bombay Stock Exchange.

 

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Industry Analysis

GWOS

Industry Average

Valuation GWOS Industry Range
Price/Earnings 21.4x
Price/Sales 2.9x
Price/Book 2.8x
Price/Cash Flow 8.9x
TEV/Sales NM Not Meaningful
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