Global Offshore Services Ltd

Global Offshore Services Ltd (GLOBOFFS)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return27.36 %
3 Month Return20.91 %
1 Year Return39.67 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 236
Rank 248
Rank 275
Dividend Yield
Rank 133
Rank 326
Price To Book Ratio
Rank 206
Debt To Asset
Rank 30

Company Information

Incorporated in Sep.76 Garware Shipping Corporation GSCL was promoted by B D Garware and belongs to the Garware group. Ashok Garware is the chairman. GSCLs group companies are Garware Nylons Garware Marine Industries Garware Paints Garware Wall Ropes etc. The company came out with a rights issue at a premium of Rs 8 aggregating Rs 9.07 cr to strengthen its resources for longterm use and meet working capital requirements. The company is engaged in the shipping business and operates general cargo vessels. One of its clients is ONGC. GSCL plans to diversify into underwater services exploration of oil construction activities and set up a diving institute. 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.
OrganisationGlobal Offshore Services Ltd