Global Vectra Helicorp Limited(532773) : A Company in aviation >logistics unique business model availaible at CMP 69-71 excellent 2014-15 results: multibagger in making

About Company:

Global Vectra Helicorp Limited is the largest private sector helicopter operator in India. It is an ISO 9001-2008, 14001-2004 & OHSAS 18001-2007 certified company having fleet comprises of 23 helicopters at present.

GVHL has logged more than 1,78,000 accident free flying hours (offshore and onshore) till 31st March, 2014, With a modern and technologically advanced fleet of helicopters, Global Vectra Helicorp Limited provides a range of essential and innovative onshore and offshore services to strategic sectors: • Oil and Gas • Geophysical Survey • Corporate and VVIP flights • Aerial Photography • Religious Tourism • Emergency services • Under slung operations • Power Grid Maintenance Its spotless track record also makes it preferred fliers for the top rung of the country for corporate, religious and leisure travel. It has world class maintenance facilities and highly skilled and experienced pilots to ensure safe, secure and uninterrupted services to the nation. The offshore division is dedicated to providing Air logistics services to the Oil & Gas industry majors like Oil and Natural Gas Corporation (ONGC), Cairn India, British Gas Exploration and Production India Limited (BGEPIL), Reliance Industries Limited (RIL), Transocean (TSF), Shelf Drilling, British Petroleum, Gujarat State Petroleum Corporation (GSPC), Baker Hughes and many more, under long term contracts with an outstanding market share in the offshore helicopter market.

GVHL has a total staff of 295 personnel including 75 pilots and 108 engineering staff. For its customers in the Oil and Gas sector GVHL transport crew and cargo for their exploration and production activities utilizing a young fleet of helicopters operated by trained pilots and maintained by highly qualified maintenance personnel. There major maintenance base for the offshore fleet is Mumbai where all maintenance work is carried out including 3000 hours check on its Bell 412 fleet of aircraft in a 6000 sqm state-of-the art hanger.

With increasing road traffic congestion demand for chopper services are set to rise in future as corporate travel, medical support(ambulance) which could be future business areas for the company.

Financials : Company has achieved turnover of 346 crores in year 2014-15 against turnover of Rs331crores in tear 13-14.Interestingly NP has touched 23crores in 14-15 against profit of 5.49 crores in 13-14.Promoters hold 75% of shares. High finance cost(interest) had been concern in the past  which is being reduced in last couple of years.

Unique business model which is now becoming more profitable makes it attractive buy at CMP.one can invest in small qty for a year.