Seacoast Shipping Services Ltd

About [ edit ]

Seacoast Shipping Services Limited is providing single window logistics services to exporters and importers. Seacoast started as a freight forwarders and shipping agents in the year 2005. Today we have grown into a one of the largest freight forwarders in Gujarat. We are among the top 3 freight forwarders handling Agri export commodities exports in containers from Mundra port.

  • Market Cap 568 Cr.
  • Current Price 169
  • High / Low 184 / 13.7
  • Stock P/E 54.8
  • Book Value 11.9
  • Dividend Yield 0.00 %
  • ROCE 1.42 %
  • ROE 0.88 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 14.16 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -16.70%
  • Company has a low return on equity of 0.69% for last 3 years.
  • Company has high debtors of 449.23 days.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
0.10 0.17 0.00 0.00 0.00 0.00 0.00 0.52 68.34 26.06 63.19
0.07 0.18 0.01 0.13 0.01 0.01 0.01 0.52 61.52 24.61 57.24
Operating Profit 0.03 -0.01 -0.01 -0.13 -0.01 -0.01 -0.01 0.00 6.82 1.45 5.95
OPM % 30.00% -5.88% 0.00% 9.98% 5.56% 9.42%
Other Income 0.00 0.00 0.00 0.15 0.00 0.00 0.00 0.06 0.00 0.00 0.01
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.31
Depreciation 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.01 0.01 0.07 0.04
Profit before tax 0.03 -0.01 -0.01 0.00 -0.01 -0.02 -0.01 0.05 6.81 1.38 5.61
Tax % 0.00% 0.00% 0.00% 0.00% -50.00% 0.00% 40.00% 25.11% 25.36% 24.60%
Net Profit 0.03 -0.01 -0.01 0.01 -0.01 -0.03 -0.01 0.02 5.09 1.03 4.22
EPS in Rs -0.09 -0.03 0.06 14.97 0.31 1.25

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0 0 0 2 1 0 1 158
0 0 0 2 1 0 1 144
Operating Profit -0 0 -0 -0 0 -0 -0 14
OPM % -50% 0% -6% -6% 2% -44% -10% 9%
Other Income 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0
Profit before tax -0 0 0 0 0 0 0 14
Tax % 0% 0% 0% 0% 0% 0% 40%
Net Profit -0 0 0 0 0 0 0 10
EPS in Rs 0.09 16.59
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:54%
3 Years:-33%
TTM:93%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:14%
TTM:26000%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:1188%
Return on Equity
10 Years:%
5 Years:1%
3 Years:1%
Last Year:1%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0 0 2 2 2 2 2 22
Reserves 0 0 1 1 1 1 1 18
Borrowings 0 0 0 0 0 0 0 0
0 0 1 0 0 0 0 32
Total Liabilities 0 0 5 4 4 4 4 72
0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0
0 0 5 4 4 4 4 71
Total Assets 0 0 5 4 4 4 4 72

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0 -0 -1 -0 -0 0 0
-0 0 -2 -0 0 0 0
0 0 3 0 0 -0 -0
Net Cash Flow -0 0 -0 0 -0 0 0

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 3% 1% 1% 1% 0% 1%
Debtor Days 548 0 408 63 269 419 449
Inventory Turnover 0.67 0.32 0.98 1.65 0.69 2.00

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
59.23 59.23 59.23 71.35 73.97 73.97 57.27
0.00 0.00 0.00 0.00 0.00 0.00 0.22
40.77 40.77 40.77 28.65 26.03 26.03 42.50

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