Shahi Shipping Ltd

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

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.

  • Market Cap 22.3 Cr.
  • Current Price 15.4
  • High / Low 25.9 / 13.2
  • Stock P/E 8.22
  • Book Value 29.8
  • Dividend Yield 0.00 %
  • ROCE 12.0 %
  • ROE 6.37 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.52 times its book value
  • Company has been maintaining a healthy dividend payout of 35.1%

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.23% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008
35.22 40.06 44.95
21.61 23.59 26.23
Operating Profit 13.61 16.47 18.72
OPM % 38.64% 41.11% 41.65%
0.05 0.40 0.60
Interest 3.48 4.88 6.75
Depreciation 5.02 6.15 8.06
Profit before tax 5.16 5.84 4.51
Tax % 37.60% 33.22% 42.57%
3.28 3.95 2.60
EPS in Rs 2.26 2.73 1.79
Dividend Payout % 22.09% 27.51% 55.73%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -31%
Stock Price CAGR
10 Years: 2%
5 Years: %
3 Years: 50%
1 Year: -18%
Return on Equity
10 Years: %
5 Years: %
3 Years: 8%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008
Equity Capital 14.49 14.49 14.49
Reserves 23.87 27.30 28.75
36.69 53.51 52.90
9.69 10.32 13.13
Total Liabilities 84.74 105.62 109.27
51.89 74.77 73.85
CWIP 5.78 3.77 4.34
Investments 0.01 0.01 0.01
27.06 27.07 31.07
Total Assets 84.74 105.62 109.27

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008
6.89 10.29 9.25
-14.73 -26.96 -7.83
3.34 15.99 -1.88
Net Cash Flow -4.50 -0.68 -0.46

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008
Debtor Days 149.03 122.55 132.85
Inventory Days
Days Payable
Cash Conversion Cycle 149.03 122.55 132.85
Working Capital Days 161.36 141.77 139.83
ROCE % 12.60% 11.97%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
73.10% 73.10% 73.10% 73.10% 73.10% 73.10% 73.10% 73.10% 73.10% 50.00% 50.00% 50.00%
26.89% 26.90% 26.89% 26.89% 26.89% 26.88% 26.90% 26.90% 26.90% 50.00% 50.00% 50.00%
No. of Shareholders 4,5854,5864,6384,6344,7354,8256,3416,8557,1527,3677,4807,764

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