Shahi Shipping Ltd
Incorporated in 1985, Shahi Shipping Ltd is involved in trans-shipment business through transportation of bulk cargo and containers.
- Market Cap ₹ 25.7 Cr.
- Current Price ₹ 17.8
- High / Low ₹ 29.0 / 14.1
- Stock P/E 11.7
- Book Value ₹ 1.59
- Dividend Yield 0.00 %
- ROCE 27.4 %
- ROE 53.9 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.8%
Cons
- Stock is trading at 11.2 times its book value
- The company has delivered a poor sales growth of 5.38% over past five years.
- Tax rate seems low
* 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
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
19.40 | 18.44 | 14.60 | 19.11 | 16.62 | 10.21 | 8.14 | 9.34 | 9.40 | 10.86 | 12.43 | 10.58 | |
14.44 | 16.74 | 12.12 | 15.90 | 14.69 | 23.29 | 9.93 | 9.69 | 10.56 | 10.37 | 10.41 | 7.49 | |
Operating Profit | 4.96 | 1.70 | 2.48 | 3.21 | 1.93 | -13.08 | -1.79 | -0.35 | -1.16 | 0.49 | 2.02 | 3.09 |
OPM % | 25.57% | 9.22% | 16.99% | 16.80% | 11.61% | -128.11% | -21.99% | -3.75% | -12.34% | 4.51% | 16.25% | 29.21% |
-3.47 | 0.89 | -2.35 | 0.11 | 1.21 | 0.25 | 0.29 | 0.47 | 2.25 | 0.95 | 1.46 | -5.66 | |
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 |
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 |
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 |
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 | |
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 |
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: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 22% |
3 Years: | 135% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | % |
3 Years: | 55% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | -12% |
5 Years: | 18% |
3 Years: | 40% |
Last Year: | 54% |
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 | 2.73 | |
1.68 | -0.44 | 4.30 | -0.12 | -0.02 | 0.81 | 0.19 | 0.00 | 0.15 | 0.37 | 0.06 | -2.65 | |
-4.10 | -3.38 | -5.86 | -4.73 | -4.38 | -0.61 | -1.52 | -0.79 | 0.60 | -1.87 | -4.03 | 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 | 319.47 | 241.49 | 418.25 | 212.20 | 221.37 | -51.84 | -184.74 | -166.87 | -126.20 | -79.65 | -93.09 | 17.25 |
ROCE % | 3.24% | -0.89% | -0.63% | 3.48% | 4.36% | -55.06% | -16.72% | -5.78% | 1.54% | 2.97% | 24.99% | 27.43% |
Documents
Announcements
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Closure of Trading Window
1d - Trading window closed from July 1, 2025, till 48 hours after Q1 financial results announcement.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Secretarial compliance report for FY25; noted website non-compliance and unpaid BSE penalties.
- Results - Financial Results For The Year Ended 31St March, 2025 26 May
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Board Meeting Outcome for Outcome Of Board Meeting Held On 26Th May, 2025
26 May - Audited FY25 results: Rs. 356.64L loss, Rs. 6.45 Cr subsidy write-off, audit disclaimer on controls.
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Board Meeting Intimation for Approval Of Audited Financial Results Of The Company, For The Fourth Quarter And Financial Year Ended 31St March 2025
8 May - Board meeting on 26 May 2025 to approve FY25 audited financial results; trading window closed since 1 April.
Annual reports
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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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Financial Year 2010
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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.