Seacoast Shipping Services Ltd

Seacoast Ship. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Seacoast Shipping Services Ltd

₹ 2.70 2.27%
01 Dec 11:33 a.m.
seacoastltd.com BSE: 542753
About

Incorporated in 2005, Seacoast Shipping provides logistics services to exporters and importers[1]

Key Points

Business Overview[1]
SSSL is one of the largest freight forwarders
in Gujarat and is among top 3 freight forwarders handling Agri export commodities exports in containers from Mundra port
Company ships over 5 MT of bulk and unitized goods annually. It focuses on dry bulk logistics, container freight forwarding, and inland road logistics

Website BSE
  • Market Cap ₹ 145 Cr.
  • Current Price ₹ 2.70
  • High / Low ₹ 8.48 / 2.41
  • Stock P/E 7.22
  • Book Value ₹ 2.29
  • Dividend Yield 0.00 %
  • ROCE 38.4 %
  • ROE 36.1 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 1.17 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 266% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%
  • Debtor days have improved from 274 to 128 days.
  • Company's working capital requirements have reduced from 125 days to 76.7 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -16.7%
  • Promoter holding is low: 27.8%

* 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

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
26.06 63.19 85.57 60.56 71.95 42.19 21.05 93.06 109.99 111.03 115.50 99.73 121.42
24.61 57.24 84.03 55.88 63.67 39.59 22.51 80.48 104.31 104.25 109.74 92.13 110.68
Operating Profit 1.45 5.95 1.54 4.68 8.28 2.60 -1.46 12.58 5.68 6.78 5.76 7.60 10.74
OPM % 5.56% 9.42% 1.80% 7.73% 11.51% 6.16% -6.94% 13.52% 5.16% 6.11% 4.99% 7.62% 8.85%
0.00 0.01 -0.01 0.00 0.06 0.00 -0.06 -8.04 0.05 0.00 0.00 0.00 0.00
Interest 0.00 0.31 0.61 0.51 0.30 0.69 0.51 0.47 0.47 0.55 0.56 0.56 0.55
Depreciation 0.07 0.04 -0.12 0.04 0.00 0.00 -0.04 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 1.38 5.61 1.04 4.13 8.04 1.91 -1.99 4.07 5.26 6.23 5.20 7.04 10.19
Tax % 25.36% 6.24% 27.88% 24.94% 26.49% 26.18% -15.58% 26.04% 26.05% 26.00% 46.54% 28.69% 24.14%
1.03 5.25 0.75 3.10 5.91 1.42 -2.30 3.01 3.89 4.61 2.77 5.02 7.73
EPS in Rs 0.02 0.10 0.01 0.06 0.11 0.03 -0.04 0.06 0.07 0.09 0.05 0.09 0.14
Raw PDF

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 TTM
0 0 0 2 1 0 1 243 128 430 448
0 0 0 2 1 0 1 227 121 399 417
Operating Profit -0 0 -0 -0 0 -0 -0 16 7 31 31
OPM % -50% 0% -6% -6% 2% -44% -10% 6% 5% 7% 7%
0 0 0 0 0 0 0 0 0 -8 0
Interest 0 0 0 0 0 0 0 1 2 2 2
Depreciation 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -0 0 0 0 0 0 0 15 5 21 29
Tax % 0% 0% 0% 0% 0% 0% 40% 25% 44% 31%
-0 0 0 0 0 0 0 11 3 14 20
EPS in Rs 0.01 0.21 0.05 0.27 0.37
Dividend Payout % 0% 0% 0% 0% 0% 0% 15% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 214%
3 Years: 838%
TTM: 68%
Compounded Profit Growth
10 Years: %
5 Years: 266%
3 Years: 771%
TTM: 55%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -39%
1 Year: -65%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 27%
Last Year: 36%

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 Sep 2023
Equity Capital 0 0 2 2 2 2 2 34 34 34 54
Reserves 0 0 1 1 1 1 1 11 14 28 69
0 0 0 0 0 0 0 21 23 28 25
0 0 1 0 0 0 0 83 177 62 48
Total Liabilities 0 0 5 4 4 4 4 149 248 153 196
0 0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0
0 0 5 4 4 4 4 149 248 153 196
Total Assets 0 0 5 4 4 4 4 149 248 153 196

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
0 -0 -1 -0 -0 0 0 -50 -0 -4
-0 0 -2 -0 0 0 0 -0 0 -0
0 0 3 0 0 -0 -0 50 -0 4
Net Cash Flow -0 0 -0 0 -0 0 0 0 -0 -0

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
Debtor Days 548 0 408 63 269 419 449 140 556 128
Inventory Days 0 1,095 2,080 281 135 499 0 0
Days Payable 0 0 27 0 316
Cash Conversion Cycle 548 1,095 2,488 317 404 602 449 140 556 128
Working Capital Days 182 1,034 805 259 388 4,664 2,358 98 200 77
ROCE % 3% 1% 1% 1% 0% 1% 46% 10% 38%

Shareholding Pattern

Numbers in percentages

97 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
73.97% 57.27% 56.68% 53.83% 52.94% 52.88% 52.88% 52.88% 52.88% 44.55% 44.55% 27.85%
0.00% 0.22% 1.41% 1.94% 1.78% 1.78% 1.66% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.16% 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.03% 42.50% 41.91% 44.07% 45.21% 45.34% 45.46% 47.13% 47.13% 55.44% 55.44% 72.16%
No. of Shareholders 1,0381,4041,5871,9916,68628,44835,52745,65947,15453,18058,81781,633

* 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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