Shahi Shipping Ltd
₹ 15.4
0.65%
04 Feb
- close price
About
Incorporated in 1985, Shahi Shipping Ltd is involved in transportation of bulk cargo and containers.[1]
Key Points
- Market Cap ₹ 22.3 Cr.
- Current Price ₹ 15.4
- High / Low ₹ 25.9 / 13.2
- Stock P/E
- Book Value ₹ 1.12
- Dividend Yield 0.00 %
- ROCE -31.0 %
- ROE -87.4 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 13.8 times its book value
- Company has low interest coverage ratio.
- 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.
- Promoter holding has decreased over last 3 years: -23.1%
* 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 | 8.75 | |
| 14.44 | 16.74 | 12.12 | 15.90 | 14.69 | 23.29 | 9.93 | 9.69 | 10.56 | 10.37 | 10.41 | 13.26 | 8.19 | |
| 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 | 0.56 |
| 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% | 6.40% |
| -3.47 | 0.89 | -2.35 | 0.11 | 1.21 | 0.25 | 0.29 | 0.47 | 2.25 | 0.95 | 1.46 | 0.11 | -2.51 | |
| 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 | 0.61 |
| 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 | 0.60 |
| 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 | -3.16 |
| 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 | -3.04 | |
| 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 | -2.09 |
| 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: | -135% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | % |
| 3 Years: | 50% |
| 1 Year: | -18% |
| 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 | Sep 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 | 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 | -12.87 |
| 23.56 | 20.18 | 14.32 | 13.18 | 9.87 | 9.94 | 9.15 | 9.63 | 10.46 | 8.99 | 5.39 | 6.20 | 7.18 | |
| 13.61 | 11.46 | 8.43 | 8.40 | 7.35 | 6.40 | 7.69 | 7.62 | 6.58 | 7.15 | 7.35 | 3.85 | 3.82 | |
| 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 | 12.62 |
| 25.45 | 20.96 | 15.23 | 13.34 | 11.47 | 8.73 | 7.73 | 6.90 | 6.11 | 5.15 | 4.72 | 7.38 | 7.82 | |
| 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 | 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 | 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 | 4.75 | |
| 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 | 12.62 |
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
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 16 Jan
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
13 Jan - Secretarial compliance report: multiple late filings, unpaid penalties ~₹20.08 lakh; website disclosure lapses; FY ended 31 March 2024.
-
Announcement Under Regulation 30
10 Jan - Related-party transactions for half-year ended 30 Sep 2020: loans, advances, repayments, remuneration ₹3,000,000.
-
Announcement Under Regulation 30 Of LODR
10 Jan - Disclosure of related-party transactions for half year ended 31 Mar 2024, including ₹3,000,000 remuneration and ₹2,500,000 advance.
- Closure of Trading Window 30 Dec 2025
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][3]
a) SSL is engaged in the shipping industry and provides transportation through barges.
b) The company owns a fleet of 13 vessels which includes mini bulk carriers, general cargo carriers, chemical carriers, water supply barges, tugs, and launches, deployed in multi-year contracts with the customers.
c) It provides the vessels after the tendering and bidding process.
d) The fleets operate at Jawaharlal Nehru Port Trust (JNPT) & Bombay Port Trust (BPT) ports and provide inland sea transportation services.