Chowgule Steamships Ltd

About [ edit ]

Chowgule Steamships is a shipping Company which presently owns and operates a fleet of 4 vessels (including that of its wholly owned subsidiaries) for seaborne transportation of bulk cargo. CSL is principally engaged in the carriage of goods by sea and is committed to serve its customers to their satisfaction and mutual optimum benefits.

  • Market Cap 19.6 Cr.
  • Current Price 5.39
  • High / Low 7.94 / 3.06
  • Stock P/E
  • Book Value -29.3
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.30.33 Cr.
  • Earnings include an other income of Rs.10.66 Cr.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Shipping Industry: Shipping

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
21.22 23.03 25.17 20.81 18.46 19.68 22.13 17.16 11.77 5.54 5.94
57.26 13.62 14.36 42.02 13.65 27.65 35.85 21.61 9.03 6.60 4.41
Operating Profit -36.04 9.41 10.81 -21.21 4.81 -7.97 -13.72 -4.45 2.74 -1.06 1.53
OPM % -169.84% 40.86% 42.95% -101.92% 26.06% -40.50% -62.00% -25.93% 23.28% -19.13% 25.76%
Other Income 2.29 0.59 0.55 0.89 3.44 1.47 1.32 2.39 4.72 2.72 0.83
Interest 6.89 5.46 7.65 6.96 7.70 8.09 7.57 7.36 7.19 2.08 2.04
Depreciation 8.32 7.99 8.55 7.17 7.15 7.31 3.94 3.96 2.39 2.37 2.36
Profit before tax -48.96 -3.45 -4.84 -34.45 -6.60 -21.90 -23.91 -13.38 -2.12 -2.79 -2.04
Tax % -0.51% 4.35% 16.12% 0.73% 1.97% -4.11% -0.71% -4.26% -36.79% 1.08% -5.88%
Net Profit -49.21 -3.29 -4.06 -34.21 -6.47 -22.80 -24.08 -13.96 -2.90 -2.77 -2.16
EPS in Rs -13.55 -0.91 -1.12 -9.42 -1.78 -6.28 -6.63 -3.84 -0.80 -0.76 -0.59

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
238 91 84 86 83 93 86 54 44 66 90 77 40
64 58 43 65 189 83 151 64 46 23 55 99 42
Operating Profit 174 33 41 21 -105 10 -65 -9 -2 43 35 -21 -1
OPM % 73% 37% 48% 24% -126% 11% -75% -17% -5% 65% 39% -28% -3%
Other Income -9 86 7 -96 12 39 10 -138 -28 4 -68 9 11
Interest 6 7 3 7 10 12 11 11 14 15 27 31 19
Depreciation 28 20 17 35 38 47 44 39 30 30 32 22 11
Profit before tax 130 93 27 -117 -142 -10 -110 -197 -74 2 -92 -66 -20
Tax % 10% 18% -2% 10% 2% 30% 4% 2% 1% -154% 1% -2%
Net Profit 118 77 28 -106 -138 -7 -106 -193 -73 4 -91 -67 -22
EPS in Rs 32.38 21.11 7.63 -29.15 -38.13 -1.97 -29.13 -53.24 -20.04 1.12 -25.00 -18.54 -5.99
Dividend Payout % 5% 7% 13% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-2%
5 Years:-2%
3 Years:21%
TTM:-50%
Compounded Profit Growth
10 Years:%
5 Years:7%
3 Years:-42%
TTM:75%
Stock Price CAGR
10 Years:-16%
5 Years:-20%
3 Years:-24%
1 Year:66%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
36 36 36 36 85 90 92 36 36 36 36 36 36
Reserves 460 480 497 454 339 360 271 97 19 24 -63 -139 -143
Borrowings 103 191 262 315 371 375 358 349 334 327 58 66 74
46 52 45 31 77 77 77 90 94 102 383 334 166
Total Liabilities 645 760 841 835 823 848 742 572 483 490 414 297 133
226 170 296 587 669 665 577 479 437 441 363 115 108
CWIP 129 157 161 0 0 0 0 0 0 0 0 0 0
Investments 77 76 149 88 29 72 48 14 6 1 1 2 5
214 358 235 161 124 111 117 79 40 48 50 180 20
Total Assets 645 760 841 835 823 848 742 572 483 490 414 297 133

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
202 2 225 136 46 11 17 -6 6 19 9 32
-140 -125 -218 -331 -137 8 26 49 6 9 -6 7
-47 86 61 24 74 -45 -45 -38 -16 -23 -4 -40
Net Cash Flow 14 -36 68 -171 -18 -26 -2 4 -4 5 -1 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 31% 4% 4% -1% -18% -4% -14% -7% -6% 4% 4%
Debtor Days 2 2 7 0 0 15 26 5 10 0 2 15
Inventory Turnover 2.46 2.41 2.74 5.05 1.71 1.48 6.82 5.44 1.13 1.44 1.10 3.51

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
70.37 70.37 70.37 71.41 72.13 72.13 72.13 72.13 72.13 72.13 72.13 72.13
0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
29.57 29.57 29.57 28.53 27.81 27.81 27.81 27.81 27.81 27.81 27.81 27.81

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