Shahi Shipping Ltd
₹ 15.1
-1.44%
18 Sep
9:38 a.m.
About
Incorporated in 1985, Shahi Shipping Ltd is involved in trans-shipment business through transportation of bulk cargo and containers.
Key Points
- Market Cap ₹ 21.9 Cr.
- Current Price ₹ 15.1
- High / Low ₹ 27.2 / 14.1
- Stock P/E
- Book Value ₹ 1.59
- Dividend Yield 0.00 %
- ROCE -31.0 %
- ROE -87.4 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 9.65 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -23.1%
- The company has delivered a poor sales growth of 5.38% over past five years.
- Company has a low return on equity of -9.12% over last 3 years.
* 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.
Peer comparison
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19.40 | 18.44 | 14.60 | 19.11 | 16.62 | 10.21 | 8.14 | 9.34 | 9.40 | 10.86 | 12.43 | 10.58 | 9.28 | |
| 14.44 | 16.74 | 12.12 | 15.90 | 14.69 | 23.29 | 9.93 | 9.69 | 10.56 | 10.37 | 10.41 | 13.26 | 9.76 | |
| Operating Profit | 4.96 | 1.70 | 2.48 | 3.21 | 1.93 | -13.08 | -1.79 | -0.35 | -1.16 | 0.49 | 2.02 | -2.68 | -0.48 |
| OPM % | 25.57% | 9.22% | 16.99% | 16.80% | 11.61% | -128.11% | -21.99% | -3.75% | -12.34% | 4.51% | 16.25% | -25.33% | -5.17% |
| -3.47 | 0.89 | -2.35 | 0.11 | 1.21 | 0.25 | 0.29 | 0.47 | 2.25 | 0.95 | 1.46 | 0.11 | -2.60 | |
| Interest | 2.90 | 2.44 | 1.48 | 1.21 | 1.04 | 0.67 | 0.74 | 0.66 | 0.47 | 0.47 | 0.57 | 0.68 | 0.70 |
| Depreciation | 3.21 | 3.90 | 2.94 | 2.10 | 1.83 | 1.31 | 0.99 | 0.86 | 0.77 | 0.61 | 0.46 | 0.49 | 0.55 |
| Profit before tax | -4.62 | -3.75 | -4.29 | 0.01 | 0.27 | -14.81 | -3.23 | -1.40 | -0.15 | 0.36 | 2.45 | -3.74 | -4.33 |
| Tax % | -23.81% | -8.00% | -41.26% | 5,700.00% | -303.70% | -1.15% | 2.48% | -18.57% | -46.67% | -13.89% | -5.31% | -4.55% | |
| -3.51 | -3.44 | -2.52 | -0.55 | 1.10 | -14.65 | -3.31 | -1.13 | -0.08 | 0.41 | 2.59 | -3.57 | -4.16 | |
| EPS in Rs | -2.42 | -2.37 | -1.74 | -0.38 | 0.76 | -10.11 | -2.28 | -0.78 | -0.06 | 0.28 | 1.79 | -2.46 | -2.86 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 5% |
| 3 Years: | 4% |
| TTM: | -28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -1% |
| 3 Years: | % |
| TTM: | -150% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | % |
| 3 Years: | 56% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | -18% |
| 5 Years: | -13% |
| 3 Years: | -9% |
| Last Year: | -87% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 |
| Reserves | 12.81 | 9.29 | 6.77 | 6.24 | 7.34 | -7.31 | -10.62 | -11.53 | -11.62 | -11.21 | -8.62 | -12.19 |
| 23.56 | 20.18 | 14.32 | 13.18 | 9.87 | 9.94 | 9.15 | 9.63 | 10.46 | 8.99 | 5.39 | 6.20 | |
| 13.61 | 11.46 | 8.43 | 8.40 | 7.35 | 6.40 | 7.69 | 7.62 | 6.58 | 7.15 | 7.35 | 3.85 | |
| Total Liabilities | 64.47 | 55.42 | 44.01 | 42.31 | 39.05 | 23.52 | 20.71 | 20.21 | 19.91 | 19.42 | 18.61 | 12.35 |
| 25.45 | 20.96 | 15.23 | 13.34 | 11.47 | 8.73 | 7.73 | 6.90 | 6.11 | 5.15 | 4.72 | 7.38 | |
| CWIP | 4.04 | 4.08 | 2.08 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 0.00 |
| Investments | 0.08 | 0.07 | 0.07 | 0.11 | 0.11 | 0.04 | 0.03 | 0.03 | 0.04 | 0.50 | 0.51 | 0.05 |
| 34.90 | 30.31 | 26.63 | 26.76 | 25.37 | 12.65 | 10.85 | 11.18 | 11.66 | 11.67 | 11.28 | 4.92 | |
| Total Assets | 64.47 | 55.42 | 44.01 | 42.31 | 39.05 | 23.52 | 20.71 | 20.21 | 19.91 | 19.42 | 18.61 | 12.35 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.09 | 4.08 | 1.25 | 5.38 | 4.42 | -0.80 | 1.16 | 0.96 | -0.71 | 1.59 | 3.97 | 2.77 | |
| 1.68 | -0.44 | 4.30 | -0.12 | -0.02 | 0.81 | 0.19 | 0.00 | 0.15 | 0.37 | -0.04 | -2.69 | |
| -4.10 | -3.38 | -5.86 | -4.73 | -4.38 | -0.61 | -1.52 | -0.79 | 0.60 | -1.87 | -3.93 | 0.13 | |
| Net Cash Flow | -0.33 | 0.25 | -0.31 | 0.53 | 0.02 | -0.60 | -0.18 | 0.17 | 0.04 | 0.10 | 0.00 | 0.22 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 476.57 | 399.24 | 435.25 | 324.51 | 339.74 | 118.33 | 86.54 | 45.33 | 51.26 | 74.95 | 51.98 | 56.58 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 476.57 | 399.24 | 435.25 | 324.51 | 339.74 | 118.33 | 86.54 | 45.33 | 51.26 | 74.95 | 51.98 | 56.58 |
| Working Capital Days | 57.76 | 28.31 | 99.25 | 122.05 | 122.55 | -222.00 | -370.38 | -341.55 | -255.50 | -151.24 | -156.81 | -100.74 |
| ROCE % | 3.24% | -0.89% | -0.63% | 3.48% | 4.36% | -55.06% | -16.72% | -5.78% | 1.54% | 2.97% | 25.24% | -30.97% |
Documents
Announcements
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Reg. 34 (1) Annual Report.
4 Sep - 35th AGM on 26 Sep 2025; e-voting 23–25 Sep; RPT approval up to INR 6 Crore.
-
Annual General Meeting Of The Company To Be Held On 26Th September, 2025
4 Sep - 35th AGM on 26 Sep 2025; remote e-voting 23–25 Sep; approve related-party transactions up to INR 6 Crore.
-
Fixation Of Cut Off Date, Book Closure Date And Remote E-Voting Start And End Date For AGM Purpose
4 Sep - 35th AGM on 26 Sep 2025; book closure 20–26 Sep; cut-off 19 Sep; e-voting 23–25 Sep.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 03Rd September, 2025
3 Sep - Board (03 Sep 2025) approved director’s report, AGM notice; appointed CFO Uma Shankar Thakur; reappointed independent director.
-
Announcement under Regulation 30 (LODR)-Change in Management
3 Sep - 03 Sep 2025: HRU & Associates secretarial auditor (5 years); Sanjeev Singh reappointed (5 years); Uma Thakur appointed CFO.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2]
Company operates in the field of transportation of cargo and lighter age operation in inland water-limits of Indian ports. Company owns 17 vessels which operate with various private and Government bodies. Size of these vessels range between DWT 500 tons to DWT 3500 tons. Company has expertise in designing low-draft vessels suitable for operations on Indian coasts. Presently, company provides shipping transportation through barges. Fleet comprises mini bulk carriers, general cargo carriers, tugs, and launches, chemical carriers, water supply barges, etc.