Global Vectra Helicorp Limited, part of the Vectra group, is a prominent player in helicopter charter services, specializing in offshore and onshore transportation for the oil and gas exploration and production sector in India. Incorporated in 1998, the company is headquartered in Mumbai. Originally established as Azal India Pvt Ltd on April 13, 1998, it transitioned to Global Helicorp Pvt Ltd in 2003 before becoming a public limited company in 2005, adopting its current name, Global Vectra Helicorp Ltd. The company's shares were listed on the Bombay Stock Exchange Ltd and the National Stock Exchange Ltd from October 27, 2006.
Global Vectra Helicorp is recognized as India's largest private offshore and onshore air-logistics helicopter company. It offers a comprehensive suite of services to critical sectors, including oil and gas, geophysical surveys, corporate and VVIP flights, aerial photography, religious tourism, emergency services, underslung operations, and power grid construction and maintenance. Its onshore activities are conducted under the brand name 'Birdie', serving sectors beyond oil and gas such as geotechnical surveys, tourism, corporate charters, and underslung operations.
The company operates a substantial fleet of approximately 25 helicopters. Its offshore operations utilize Leonardo (AW139) helicopters, which are twin-engine aircraft capable of carrying around 15 passengers, and Bell Textron (B412) helicopters, also twin-engine with seating for approximately 13 passengers. For onshore services, Global Vectra Helicorp employs Leonardo (AW169) helicopters, a twin-engine model seating over eight passengers, and Airbus Helicopters (H130T2), a single-engine helicopter with a capacity of about seven passengers. The company's primary maintenance hub for its offshore fleet is located in Mumbai, featuring a state-of-the-art 6000 sq m hangar where all maintenance, including 3000-hour checks on its Bell 412 fleet, is performed.
Furthermore, Global Vectra Helicorp provides aircraft maintenance, repair, and overhaul (MRO) services. The company achieved ISO 9001-2000 certification through DNV in March 2003, underscoring its commitment to quality management.
Key clients of Global Vectra Helicorp Ltd. include major players in the energy sector such as the Indian Oil and Natural Gas Corporation (ONGC), CAIRN India, Japan Drilling Company (JDC), Reliance Industries, Oil India, Schlumberger, Transocean, Dolphin Geophysical, and Baker Hughes, alongside numerous other domestic and international companies operating in India. The company holds a dominant position in India's private helicopter charter market, especially within the oil and gas sector.
* Market Cap: ₹364 Crore
* Revenue: ₹542 Crore
* Profit: -₹0.65 Crore
* Revenue: ₹134.94 Crore (Q4 FY25 - March 2025)
* Net Profit: ₹12.63 Crore (Q4 FY25 - March 2025)
* Year-over-Year Profit Growth (Q4 FY25): Global Vectra Helicorp Ltd.'s net profit increased by 109.45% compared to the same period last year.
* Quarterly Revenue Growth (Dec 2024 vs Dec 2023): Sales rose by 10.02% to ₹142.58 crore in the quarter ended December 2024, compared to ₹129.59 crore in the corresponding quarter of the previous year.
* Stock P/E: Not available due to negative earnings.
* Book Value: ₹15.2
* ROCE (Return on Capital Employed): 7.10%
* ROE (Return on Equity): -3.02%
* Face Value: ₹10.0
* 52-week Range: High: ₹345.50, Low: ₹140.00
* Promoter Holding: 75.0%. The primary promoters are Vectra Investments Pvt. Ltd. and AAA Rotor Limited, collectively holding 75% of the total equity.
* Key Management: S J S Saighal serves as the Chairman, and Raakesh D Soni is the Company Secretary.
In Q4 FY25, investor Vijay Kedia reduced his stake by offloading 30,000 shares. Despite recent financial results, the stock has demonstrated significant long-term appreciation, rallying 445% over the past five years. Over the last three years, Global Vectra Helicorp Ltd. has delivered a return of 71.48%.
Global Vectra Helicorp operates in the specialized niche of helicopter charter services, with a primary focus on the oil and gas industry. While it holds a leading position in India's private helicopter charter market, several financial metrics warrant careful consideration. The company exhibits a low interest coverage ratio and a low return on equity of -30.8% over the last three years. Although its annual revenue growth stands at a healthy 13%, its pre-tax margin of 1% requires improvement. The ROE of -3% is poor and also needs enhancement. The company's debt-to-equity ratio is 90%, which is considered somewhat high.
The stock belongs to the Industrials sector, specifically the Airlines sub-sector, trading on the NSE under the symbol GLOBALVECT and on the BSE with code 532773. With its extensive fleet and established client relationships, particularly in the oil and gas sector, Global Vectra Helicorp remains a significant player in India's helicopter charter services industry. However, potential investors should thoroughly evaluate the company's financial metrics and debt levels before making investment decisions.
