Sadhav Shipping Ltd
₹ 118
1.99%
22 Aug
- close price
About
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]
Key Points
- Market Cap ₹ 169 Cr.
- Current Price ₹ 118
- High / Low ₹ 212 / 77.0
- Stock P/E 14.4
- Book Value ₹ 69.3
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 12.5 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 61 | 70 | 78 | 84 | 97 | |
| 48 | 57 | 60 | 63 | 66 | |
| Operating Profit | 12 | 12 | 17 | 22 | 31 |
| OPM % | 20% | 18% | 22% | 26% | 32% |
| 1 | 0 | 1 | 0 | 1 | |
| Interest | 2 | 2 | 4 | 5 | 6 |
| Depreciation | 6 | 6 | 4 | 4 | 7 |
| Profit before tax | 5 | 4 | 10 | 12 | 17 |
| Tax % | 28% | 29% | 22% | 25% | 32% |
| 3 | 3 | 8 | 9 | 12 | |
| EPS in Rs | 6.38 | 8.19 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 57% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 14 | 14 |
| Reserves | 29 | 32 | 38 | 74 | 85 |
| 18 | 21 | 55 | 67 | 110 | |
| 11 | 13 | 20 | 25 | 42 | |
| Total Liabilities | 61 | 69 | 116 | 180 | 252 |
| 40 | 45 | 69 | 73 | 202 | |
| CWIP | 0 | 1 | 23 | 51 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 21 | 23 | 24 | 55 | 46 | |
| Total Assets | 61 | 69 | 116 | 180 | 252 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 12 | 11 | 21 | -6 | 55 | |
| -0 | -12 | -50 | -37 | -88 | |
| -12 | 1 | 31 | 46 | 36 | |
| Net Cash Flow | 0 | 1 | 2 | 2 | 3 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 63 | 47 | 41 | 48 | 51 |
| Inventory Days | 0 | ||||
| Days Payable | |||||
| Cash Conversion Cycle | 63 | 47 | 41 | 48 | 51 |
| Working Capital Days | 0 | -5 | -81 | 44 | -6 |
| ROCE % | 12% | 18% | 14% | 13% |
Documents
Announcements
-
Appointment
20 August 2025 - Board appointed two independent directors, accepted resignation, reconstituted committees, JV associate formed (26% for Rs26,000), appointed auditors.
-
Appointment
20 August 2025 - Appointed two independent directors; resignation of Rajesh Kakkar; JV 'United Sadhav' 26% (Rs26,000); auditors appointed.
-
Appointment
20 August 2025 - 20 Aug 2025: Appointed two independent directors; resignation; 26% stake (Rs26,000) in new associate; auditors appointed.
-
Appointment
20 August 2025 - 20 Aug 2025: two independent directors appointed; one resigned; JV 26% subscription Rs26,000; auditors appointed.
-
Outcome of Board Meeting
20 August 2025 - Appointed two independent directors; accepted Rajesh Kakkar resignation; JV United Sadhav (26% for Rs26,000); internal and secretarial auditors appointed.
Business Overview:[1][2]
a) SSL owns and operates tanker barges, tugs, and vessels
b) It undertakes ship management, repair, and maintenance contracts.
c) It is engaged in coastal logistics, offshore logistics, port security and ship management.
d) The company was the first to setup and operate India’s first Port based Tier 1 Oil Spill Response Facility Centre in Mumbai and are now operating in most Major Ports in India.
e) Company has a sailing team
of 200+ officers and crew