Shahi Shipping Ltd

Shahi Shipping Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shahi Shipping Ltd

₹ 4.56 4.83%
05 Jun 4:01 p.m.
shahilogistics.com BSE: 526508
About

Incorporated in 1985, Shahi Shipping Ltd is involved in trans-shipment business through transportation of bulk cargo and containers.

Key Points

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.

Website BSE
  • Market Cap ₹ 6.60 Cr.
  • Current Price ₹ 4.56
  • High / Low ₹ 5.23 / 3.65
  • Stock P/E 16.1
  • Book Value ₹ 2.26
  • Dividend Yield 0.00 %
  • ROCE 5.86 %
  • ROE 13.3 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.11% over past five years.
  • Company has a low return on equity of -9.78% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1.24 Cr.
  • Debtor days have increased from 57.1 to 74.7 days.

* 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

Sector: Shipping Industry: Shipping

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
2.19 2.32 1.82 2.12 3.08 1.92 1.98 2.34 9.40 1.71 2.16 3.42 3.61
2.97 1.50 2.03 2.80 3.36 1.75 2.55 2.35 10.56 2.44 2.63 2.85 2.86
Operating Profit -0.78 0.82 -0.21 -0.68 -0.28 0.17 -0.57 -0.01 -1.16 -0.73 -0.47 0.57 0.75
OPM % -35.62% 35.34% -11.54% -32.08% -9.09% 8.85% -28.79% -0.43% -12.34% -42.69% -21.76% 16.67% 20.78%
0.17 0.01 0.01 0.01 0.43 0.00 0.77 0.13 2.25 0.46 0.68 0.00 0.11
Interest 0.17 0.15 0.14 0.19 0.17 0.14 0.11 0.11 0.47 0.10 0.15 0.10 0.05
Depreciation 0.25 0.21 0.21 0.22 0.21 0.19 0.19 0.19 0.77 0.15 0.15 0.15 0.16
Profit before tax -1.03 0.47 -0.55 -1.08 -0.23 -0.16 -0.10 -0.18 -0.15 -0.52 -0.09 0.32 0.65
Tax % -1.94% -6.38% 5.45% 2.78% 78.26% -6.25% 40.00% 0.00% 46.67% 1.92% 11.11% 12.50% -10.77%
Net Profit -1.04 0.49 -0.52 -1.05 -0.05 -0.18 -0.07 -0.19 -0.08 -0.52 -0.08 0.28 0.72
EPS in Rs -0.72 0.34 -0.36 -0.72 -0.03 -0.12 -0.05 -0.13 -0.06 -0.36 -0.06 0.19 0.50
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
22.83 21.45 19.40 18.44 14.60 19.11 16.62 10.21 8.14 9.34 9.40 10.89
13.45 14.21 14.44 16.74 12.12 15.90 14.69 23.29 9.93 9.69 10.56 10.77
Operating Profit 9.38 7.24 4.96 1.70 2.48 3.21 1.93 -13.08 -1.79 -0.35 -1.16 0.12
OPM % 41.09% 33.75% 25.57% 9.22% 16.99% 16.80% 11.61% -128.11% -21.99% -3.75% -12.34% 1.10%
1.13 -1.42 -3.47 0.89 -2.35 0.11 1.21 0.25 0.29 0.47 2.25 1.24
Interest 4.21 3.56 2.90 2.44 1.48 1.21 1.04 0.67 0.74 0.66 0.47 0.39
Depreciation 4.70 4.38 3.21 3.90 2.94 2.10 1.83 1.31 0.99 0.86 0.77 0.61
Profit before tax 1.60 -2.12 -4.62 -3.75 -4.29 0.01 0.27 -14.81 -3.23 -1.40 -0.15 0.36
Tax % 41.88% 25.94% 23.81% 8.00% 41.26% 5,700.00% -303.70% 1.15% -2.48% 18.57% 46.67% -13.89%
Net Profit 0.93 -1.57 -3.51 -3.44 -2.52 -0.55 1.10 -14.65 -3.31 -1.13 -0.08 0.41
EPS in Rs 0.64 -1.08 -2.42 -2.37 -1.74 -0.38 0.76 -10.11 -2.28 -0.78 -0.06 0.28
Dividend Payout % 15.58% 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: -7%
5 Years: -8%
3 Years: 10%
TTM: 16%
Compounded Profit Growth
10 Years: 18%
5 Years: -19%
3 Years: 29%
TTM: 305%
Stock Price CAGR
10 Years: -6%
5 Years: -13%
3 Years: -8%
1 Year: -13%
Return on Equity
10 Years: -13%
5 Years: -62%
3 Years: -10%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
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 17.89 16.32 12.81 9.29 6.77 6.24 7.34 -7.31 -10.62 -11.53 -11.62 -11.21
31.08 27.66 23.56 20.18 14.32 13.18 9.87 9.94 9.15 9.63 10.46 8.99
11.97 13.72 13.61 11.46 8.43 8.40 7.35 6.40 7.69 7.62 6.58 7.16
Total Liabilities 75.43 72.19 64.47 55.42 44.01 42.31 39.05 23.52 20.71 20.21 19.91 19.43
41.05 33.85 25.45 20.96 15.23 13.34 11.47 8.73 7.73 6.90 6.11 7.25
CWIP 4.02 4.02 4.04 4.08 2.08 2.10 2.10 2.10 2.10 2.10 2.10 0.00
Investments 0.09 0.08 0.08 0.07 0.07 0.11 0.11 0.04 0.03 0.03 0.04 0.04
30.27 34.24 34.90 30.31 26.63 26.76 25.37 12.65 10.85 11.18 11.66 12.14
Total Assets 75.43 72.19 64.47 55.42 44.01 42.31 39.05 23.52 20.71 20.21 19.91 19.43

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.29 2.22 2.09 4.08 1.25 5.38 4.42 -0.80 1.16 0.96 -0.71
1.23 1.40 1.68 -0.44 4.30 -0.12 -0.02 0.81 0.19 0.00 0.15
-2.22 -3.59 -4.10 -3.38 -5.86 -4.73 -4.38 -0.61 -1.52 -0.79 0.60
Net Cash Flow -0.70 0.03 -0.33 0.25 -0.31 0.53 0.02 -0.60 -0.18 0.17 0.04

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 279.15 424.22 476.57 399.24 435.25 324.51 339.74 118.33 86.54 45.33 51.26 74.74
Inventory Days
Days Payable
Cash Conversion Cycle 279.15 424.22 476.57 399.24 435.25 324.51 339.74 118.33 86.54 45.33 51.26 74.74
Working Capital Days 185.14 242.82 319.47 241.49 418.25 212.20 221.37 -51.84 -184.74 -166.87 -126.20 -93.18
ROCE % 7.72% 4.72% 3.24% -0.89% -0.63% 3.48% 4.36% -55.06% -16.72% -5.78% 1.54% 5.86%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Mar 2023
73.11 73.11 100.00 73.11 73.11 73.11 73.11 73.11 73.11 73.11 73.10 73.10
1.65 1.65 0.00 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 0.00
25.24 25.24 0.00 25.24 25.24 25.24 25.24 25.24 25.24 25.24 25.25 26.89

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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