Duke Offshore
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Aspect Global Ventures Private Limited has made an open offer to acquire up to 26% of Duke Offshore Ltd's equity shares for ₹30 apiece, valuing the public offer at ₹7.68 crore. The offer follows the signing of a share purchase agreement to buy 70.61% of the company from its current promoters — George Albert Donald Duke, Avik George Duke and Komal Duke — for ₹20.87 crore. Upon completion, Aspect Global will take control of the company, and the selling promoters will exit entirely. The open offer opens for ten working days, with a detailed public statement to be published by June 18. The acquirer, whose promoters include trusts led by Sukumar Shetty, has confirmed adequate financial resources. The offer is not conditional on a minimum acceptance level.
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Aspect Global Ventures Private Limited has made an open offer to acquire up to 26% of Duke Offshore Ltd's equity shares for ₹30 apiece, valuing the public offer at ₹7.68 crore. The offer follows the signing of a share purchase agreement to buy 70.61% of the company from its current promoters — George Albert Donald Duke, Avik George Duke and Komal Duke — for ₹20.87 crore. Upon completion, Aspect Global will take control of the company, and the selling promoters will exit entirely. The open offer opens for ten working days, with a detailed public statement to be published by June 18. The acquirer, whose promoters include trusts led by Sukumar Shetty, has confirmed adequate financial resources. The offer is not conditional on a minimum acceptance level.
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What does Duke Offshore do?
Duke Offshore Limited, founded in 1985, provides crew transfer and marine survey vessels in the marine transportation industry. Headquartered in Mumbai.
Who are the competitors of Duke Offshore?
Duke Offshore major competitors are Aban Offshore, Aakash Exploration, Guj. Natural Resourc, Dolphin Offshore Ent, Jindal Drilling&Inds, Asian Energy Service, Hind Oil Exploration. Market Cap of Duke Offshore is ₹21 Crs. While the median market cap of its peers are ₹1,545 Crs.
Is Duke Offshore financially stable compared to its competitors?
Duke Offshore seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Duke Offshore pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Duke Offshore latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Duke Offshore allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Duke Offshore balance sheet?
Balance sheet of Duke Offshore is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Duke Offshore improving?
The profit is oscillating. The profit of Duke Offshore is -₹2.06 Crs for TTM, -₹2.2 Crs for Mar 2025 and ₹1.24 Crs for Mar 2024.
Is the debt of Duke Offshore increasing or decreasing?
The net debt of Duke Offshore is decreasing. Latest net debt of Duke Offshore is -₹0.18 Crs as of Mar-26. This is less than Mar-25 when it was ₹0.03 Crs.
Is Duke Offshore stock expensive?
Duke Offshore is not expensive. Latest PE of Duke Offshore is 0, while 3 year average PE is 0.57. Also latest EV/EBITDA of Duke Offshore is 0.0 while 3yr average is 69.51.
Has the share price of Duke Offshore grown faster than its competition?
Duke Offshore has given lower returns compared to its competitors. Duke Offshore has grown at ~0.34% over the last 8yrs while peers have grown at a median rate of 19.82%
Is the promoter bullish about Duke Offshore?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Duke Offshore is 70.61% and last quarter promoter holding is 70.61%.
Are mutual funds buying/selling Duke Offshore?
There is Insufficient data to gauge this.