Global Vectra Helico

₹199.1 3.9 | 2%

WEBSITE BSE:532773 NSE : GLOBAL VECT 18 May, 12:50

Market Cap ₹279 Cr.

Stock P/E -26.9

P/B 15.2

Current Price ₹199.1

Book Value ₹ 13.1

Face Value 10

52W High ₹237

Dividend Yield 0%

52W Low ₹ 57.2

Edit Ratio

Global Vectra Helico Research see more...

Overview Inc. Year: 1998Industry: Airlines

Global Vectra Helicorp Limited (GVHL) is India’s largest private helicopter company, founded in 1997 and promoted by Non-resident Indian businessman Ravi Rishi. It has a fleet of 30 helicopters, operated by highly experienced and well-trained crews and maintained by a large team of professional engineers, technicians, and support staff. It has an unmatched safety record with over 260,000 hours of accident-free flying and safe carriage of over 4.6 million passengers. It has also been a pioneer for helicopter operations in the conduct of specialized aerial geophysical survey and for introducing the all new Airbus H130T2 helicopter to the heli pilgrimage operations. They have a strong management team, led by Mr. S. J. S. Saighal, who is the chairman, and Mr. Neil Seabrook, who is the CEO.

Global Vectra Helico Share Price

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Peer Comparison

Global Vectra Helico Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	79	71	89	93	98	94	109	118	105	130
Other Income	2	16	3	30	2	1	2	7	9	3
Total Income	81	87	92	122	99	95	111	125	114	132
Total Expenditure	74	72	65	85	97	79	91	101	95	102
Operating Profit	7	16	26	38	3	16	20	24	19	30
Interest	4	4	5	4	5	5	6	6	10	8
Depreciation	19	21	20	18	18	21	19	19	18	17
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-16	-9	1	16	-20	-9	-5	-1	-9	5
Provision for Tax	-6	-7	5	6	-10	2	0	1	-2	2
Profit After Tax	-10	-2	-3	10	-10	-11	-6	-1	-7	3
Adjustments	0	0	0	0	0	-0	0	0	0	0
Profit After Adjustments	-10	-2	-3	10	-10	-11	-6	-1	-7	3
Adjusted Earnings Per Share	-7.3	-1.2	-2.5	7.1	-7.3	-7.7	-4	-1	-4.9	2.4

Global Vectra Helico Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	250	332	347	357	376	404	480	457	295	335	411	462
Other Income	5	5	10	34	12	3	8	29	31	41	36	21
Total Income	255	337	356	392	388	407	488	485	326	376	448	482
Total Expenditure	217	277	277	307	302	349	431	364	271	286	370	389
Operating Profit	38	59	79	85	85	58	58	121	55	90	78	93
Interest	28	21	17	15	23	21	14	24	18	17	21	30
Depreciation	30	29	26	30	38	38	39	94	83	80	75	73
Exceptional Income / Expenses	27	0	5	-13	0	0	2	0	0	0	0	0
Profit Before Tax	7	9	42	26	24	-1	7	3	-45	-7	-18	-10
Provision for Tax	0	3	19	13	8	1	0	0	-16	-2	-2	1
Profit After Tax	7	5	23	13	16	-2	7	2	-29	-5	-17	-11
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	7	5	23	13	16	-2	7	2	-29	-5	-17	-11
Adjusted Earnings Per Share	4.9	3.9	16.5	9.2	11.4	-1.2	5	1.5	-20.9	-3.5	-11.9	-7.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	23%	-3%	0%	5%
Operating Profit CAGR	-13%	-14%	6%	7%
PAT CAGR	0%	NAN%	0%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	231%	66%	25%	28%
ROE Average	-48%	-35%	-18%	-3%
ROCE Average	3%	-3%	3%	9%

Global Vectra Helico Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	55	58	81	88	54	117	66	79	48	41	28
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	144	111	83	147	163	130	104	50	42	37	29
Other Non-Current Liabilities	1	5	22	33	61	78	67	263	219	235	288
Total Current Liabilities	301	318	282	357	339	302	400	414	396	404	423
Total Liabilities	502	491	468	624	617	628	638	807	705	717	768
Fixed Assets	373	359	335	447	463	421	403	552	440	406	423
Other Non-Current Assets	33	42	50	52	57	80	72	72	90	127	133
Total Current Assets	96	90	82	126	97	121	164	183	175	185	212
Total Assets	502	491	468	624	617	628	638	807	705	717	768

Global Vectra Helico Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	3	4	15	2	3	7	2	3	1	20
Cash Flow from Operating Activities	60	58	73	60	71	57	34	76	10	60	29
Cash Flow from Investing Activities	21	-4	3	-31	-0	-5	-8	7	59	55	95
Cash Flow from Financing Activities	-81	-53	-64	-43	-70	-48	-31	-82	-72	-95	-142
Net Cash Inflow / Outflow	1	1	11	-13	1	4	-5	2	-3	19	-19
Closing Cash & Cash Equivalent	3	4	15	2	3	7	2	3	1	20	2

Global Vectra Helico Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.9	3.92	16.52	9.22	11.36	-1.23	5.01	1.49	-20.91	-3.53	-11.88
CEPS(Rs)	26.6	24.81	34.89	30.98	38.74	25.75	32.74	68.66	38.4	53.66	41.99
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	-31.57	-27.65	-7.16	1.36	38.77	36.68	47.36	56.56	34.21	29.24	20.07
Core EBITDA Margin(%)	13.13	16.37	20.09	14.07	19.59	13.58	10.37	20.19	8.4	14.69	10.07
EBIT Margin(%)	13.82	9.08	16.85	11.4	12.52	4.95	4.39	5.84	-9.38	2.95	0.61
Pre Tax Margin(%)	2.74	2.68	12.04	7.18	6.46	-0.23	1.51	0.56	-15.4	-2.06	-4.48
PAT Margin (%)	2.74	1.66	6.67	3.61	4.23	-0.42	1.46	0.46	-9.91	-1.47	-4.04
Cash Profit Margin (%)	14.9	10.47	14.08	12.14	14.43	8.91	9.54	21.05	18.2	22.41	14.3
ROA(%)	1.31	1.11	4.82	2.36	2.56	-0.28	1.11	0.29	-3.87	-0.69	-2.24
ROE(%)	0	0	0	0	56.63	-3.25	11.93	2.86	-46.08	-11.11	-48.17
ROCE(%)	12.32	12.2	25.7	15.66	15.02	6.46	8.12	14.17	-21.39	9.69	2.96
Receivable days	87.3	45.91	20.09	20.73	28.79	26.35	34.99	48.9	68.21	46.4	24.93
Inventory Days	21.28	16.21	14.89	15.71	16.93	16.59	17.21	20.14	29.95	25.93	21.99
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	2.31	4.22	2.52	9.06	10.12	0	13.81	23.6	0	0	0
Price/Book(x)	-0.36	-0.6	-5.81	61.48	2.96	3.21	1.46	0.62	1.14	1.55	2.61
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.26	0.88	0.77	1.12	1.14	0.98	0.52	0.24	0.35	0.26	0.25
EV/Core EBITDA(x)	8.31	4.92	3.37	4.72	5.01	6.87	4.31	0.91	1.87	0.97	1.3
Net Sales Growth(%)	-10.34	32.63	4.6	3.05	5.16	7.58	18.79	-4.92	-35.33	13.51	22.64
EBIT Growth(%)	111.35	-12.87	94.18	-30.32	15.55	-57.44	5.18	26.68	-203.85	135.63	-74.78
PAT Growth(%)	128.37	-19.87	321.07	-44.18	23.26	-110.79	508.77	-70.37	-1507.94	83.14	-236.9
EPS Growth(%)	128.37	-19.87	321.06	-44.18	23.26	-110.79	508.75	-70.37	-1507.92	83.14	-236.9
Debt/Equity(x)	10.9	7.62	2.94	3.42	5.01	1.51	2.4	0.91	1.24	1.35	1.55
Current Ratio(x)	0.32	0.28	0.29	0.35	0.29	0.4	0.41	0.44	0.44	0.46	0.5
Quick Ratio(x)	0.27	0.23	0.25	0.3	0.24	0.33	0.35	0.38	0.38	0.4	0.44
Interest Cover(x)	1.25	1.42	3.5	2.7	2.07	0.96	1.53	1.11	-1.56	0.59	0.12
Total Debt/Mcap(x)	14.99	8.95	2.82	1.98	1.69	1.07	1.64	1.48	1.09	0.87	0.59

Global Vectra Helico Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	0	0	0	0	0	0	0	0.21	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	25	25	25	25	25	25	25	24.79	25	25
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.05	1.05	1.05	1.05	1.05	1.05	1.05	1.05	1.05	1.05
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35
Others	0	0	0	0	0	0	0	0	0	0
Total	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4	1.4

Pros

Company has reduced debt.

Cons

Company has a low return on equity of -35% over the last 3 years.
Stock is trading at 15.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.