Sadhav Shipping Ltd
Incorporated in 1996, Sadhav Shipping
Ltd is in the business of owning & operating barges, tugs & vessels in addition to undertaking ship management for other owners.[1]
- Market Cap ₹ 182 Cr.
- Current Price ₹ 113
- High / Low ₹ 132 / 86.3
- Stock P/E 12.4
- Book Value ₹ 70.6
- Dividend Yield 0.00 %
- ROCE 8.89 %
- ROE 14.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 34.8% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -7.66%
- The company has delivered a poor sales growth of 10.0% over past five years.
- Tax rate seems low
- Company has a low return on equity of 13.9% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 61.4 to 84.7 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 61 | 70 | 78 | 84 | 97 | 98 | |
| 48 | 57 | 60 | 63 | 65 | 73 | |
| Operating Profit | 12 | 12 | 17 | 22 | 31 | 25 |
| OPM % | 20% | 18% | 22% | 26% | 32% | 25% |
| 1 | 0 | 1 | 0 | 0 | 1 | |
| Interest | 2 | 2 | 4 | 5 | 7 | 7 |
| Depreciation | 6 | 6 | 4 | 4 | 7 | 8 |
| Profit before tax | 5 | 4 | 10 | 12 | 17 | 11 |
| Tax % | 28% | 29% | 22% | 25% | 32% | -38% |
| 3 | 3 | 8 | 9 | 12 | 15 | |
| EPS in Rs | 6.38 | 8.19 | 10.26 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 8% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 27% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 14 | 14 | 16 |
| Reserves | 29 | 32 | 38 | 74 | 85 | 85 |
| 18 | 21 | 55 | 67 | 110 | 81 | |
| 11 | 13 | 20 | 25 | 42 | 29 | |
| Total Liabilities | 61 | 69 | 116 | 180 | 252 | 212 |
| 40 | 45 | 69 | 73 | 202 | 145 | |
| CWIP | 0 | 1 | 23 | 51 | 3 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 21 | 23 | 24 | 55 | 46 | 60 | |
| Total Assets | 61 | 69 | 116 | 180 | 252 | 212 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 12 | 11 | 21 | -6 | 55 | 13 | |
| -0 | -12 | -50 | -37 | -88 | 11 | |
| -12 | 1 | 31 | 46 | 36 | -14 | |
| Net Cash Flow | 0 | 1 | 2 | 2 | 3 | 10 |
| Free Cash Flow | 12 | -0 | -29 | -43 | -34 | 24 |
| CFO/OP | 104% | 102% | 136% | -21% | 175% | 52% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 63 | 47 | 41 | 48 | 51 | 85 |
| Inventory Days | 0 | |||||
| Days Payable | ||||||
| Cash Conversion Cycle | 63 | 47 | 41 | 48 | 51 | 85 |
| Working Capital Days | 0 | -5 | -81 | 44 | -6 | 43 |
| ROCE % | 12% | 18% | 14% | 13% | 9% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Owned Vessels Number of Vessels |
|
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| Total Fleet Size Number of Vessels |
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| Average Fleet Age Years |
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| Total Manpower Employees |
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| Oil Containment Booms Meters |
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Extracted by Screener AI
Documents
Announcements
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Clarification - Financial Results
25 May 2026 - Exchange has sought clarification from Sadhav Shipping Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Analysts/Institutional Investor Meet/Con. Call Updates
21 May 2026 - Audio recording of FY2025-26 earnings call uploaded on website after 21 May 2026 results discussion.
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Updates
20 May 2026 - Investor presentation for FY26 results highlights 7.35 Cr Chennai order, 4.67 Cr Paradip repeat order, 6.33 Cr offshore order.
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Analysts/Institutional Investor Meet/Con. Call Updates
18 May 2026 - Earnings conference call scheduled for 21 May 2026 to discuss H2 and FY26 audited results.
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Updates
18 May 2026 - Sadhav Shipping says annual secretarial compliance report not applicable for FY ended 31 March 2026.
Business Overview:
Sadhav Shipping is an Indian maritime services company operating a fleet of 20+ vessels, including tanker barges, tugs, and offshore support vessels. It provides a range of services such as offshore logistics for oil and gas exploration and production, coastal logistics, port services