Shreyas Shipping & Logistics Ltd

Shreyas Shipping & Logistics Ltd

₹ 400 7.72%
16 Jul - close price
About

Incorporated in 1988, Shreyas Shipping and Logistics Ltd is a container feeder-owning and operating company that provides vessels on time charter[1]

Key Points

Business Overview:[1][2]
SSLL, part of the Transworld Group, is an Indian-flagged vessel-owning company specializing in container feeder operations between Indian and international ports. It pioneered coastal trans-shipment services at various domestic ports. Following the sale of its containerized domestic coastal and EXIM feeder shipping business to Transworld Feeders Private Limited in 2021, SSLL now primarily owns vessels, with most operating under long-term charter agreements.

  • Market Cap 878 Cr.
  • Current Price 400
  • High / Low 506 / 230
  • Stock P/E
  • Book Value 349
  • Dividend Yield 0.38 %
  • ROCE -0.80 %
  • ROE -6.40 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.15 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.7% over past five years.
  • Earnings include an other income of Rs.45.5 Cr.
  • Working capital days have increased from 114 days to 169 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.

Peer comparison

Sector: Shipping Industry: Shipping

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
168.11 166.96 75.34 119.68 151.61 150.14 137.62 114.93 81.09 70.68 50.33 71.76 89.62
140.15 127.22 41.45 52.98 67.23 64.59 64.01 53.90 55.26 63.31 59.14 64.79 71.29
Operating Profit 27.96 39.74 33.89 66.70 84.38 85.55 73.61 61.03 25.83 7.37 -8.81 6.97 18.33
OPM % 16.63% 23.80% 44.98% 55.73% 55.66% 56.98% 53.49% 53.10% 31.85% 10.43% -17.50% 9.71% 20.45%
2.68 71.63 1.73 2.05 -1.08 1.14 1.88 3.00 13.17 22.85 2.90 2.58 17.15
Interest 3.61 3.17 2.00 2.87 4.01 4.21 4.14 4.61 5.46 9.49 9.51 9.34 8.90
Depreciation 1.31 5.15 3.70 5.71 4.57 8.49 10.54 13.67 14.80 18.50 18.96 18.93 23.26
Profit before tax 25.72 103.05 29.92 60.17 74.72 73.99 60.81 45.75 18.74 2.23 -34.38 -18.72 3.32
Tax % 1.32% 14.91% 1.60% 0.95% 0.03% 0.58% 0.87% 1.62% 4.16% 41.26% -2.47% -4.06% 28.31%
25.38 87.69 29.44 59.60 74.70 73.56 60.28 45.01 17.96 1.31 -35.23 -19.48 2.38
EPS in Rs 11.56 39.94 13.41 27.14 34.02 33.50 27.45 20.50 8.18 0.60 -16.04 -8.87 1.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
204 248 291 313 370 541 625 612 560 514 484 282
172 214 187 243 320 428 554 569 496 288 238 259
Operating Profit 32 34 104 70 51 113 70 43 64 225 246 24
OPM % 16% 14% 36% 22% 14% 21% 11% 7% 11% 44% 51% 8%
2 -17 -33 5 -18 1 4 3 6 74 19 45
Interest 7 8 7 9 10 13 19 19 17 12 18 37
Depreciation 14 15 9 16 18 19 21 18 15 19 48 80
Profit before tax 13 -7 54 50 5 82 34 9 39 268 199 -48
Tax % 5% -14% 2% 3% 24% 1% 2% 7% 3% 6% 1% -7%
13 -8 53 49 4 81 34 8 37 251 197 -51
EPS in Rs 5.75 -3.69 24.27 22.17 1.60 36.85 15.33 3.85 17.07 114.51 89.63 -23.24
Dividend Payout % 10% -162% 8% 6% 62% 4% 8% 0% 12% 2% 2% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -15%
3 Years: -20%
TTM: -42%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -128%
Stock Price CAGR
10 Years: 27%
5 Years: 25%
3 Years: 26%
1 Year: 13%
Return on Equity
10 Years: 16%
5 Years: 13%
3 Years: 16%
Last Year: -6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 127 111 161 205 212 291 314 313 359 607 797 745
103 95 99 160 176 262 299 266 202 235 498 405
28 42 34 50 67 67 81 79 65 49 40 75
Total Liabilities 281 270 316 437 477 642 716 680 648 914 1,357 1,247
215 185 174 252 263 384 409 400 374 640 1,043 944
CWIP 0 0 0 0 0 0 3 1 0 0 0 0
Investments 3 12 40 74 56 38 26 12 12 2 67 34
64 73 102 111 158 219 278 268 262 271 247 269
Total Assets 281 270 316 437 477 642 716 680 648 914 1,357 1,247

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
33 33 65 60 1 59 59 58 58 113 231 19
-66 0 -56 -108 -4 -124 -56 6 13 -73 -498 96
22 -23 -6 45 6 63 -2 -67 -69 15 227 -129
Net Cash Flow -11 10 3 -2 4 -3 2 -3 2 55 -40 -15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 37 42 68 81 90 95 87 92 84 8 5 10
Inventory Days 40
Days Payable 98
Cash Conversion Cycle 37 42 68 24 90 95 87 92 84 8 5 10
Working Capital Days 16 -1 44 44 46 55 64 41 110 94 79 169
ROCE % 9% 9% 37% 17% 10% 20% 9% 5% 9% 29% 19% -1%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.94% 68.94% 68.94% 70.99% 70.99% 70.43% 70.43% 70.43% 70.43% 70.43% 70.43% 70.43%
0.25% 0.40% 0.52% 0.81% 0.86% 0.92% 0.55% 0.34% 0.17% 0.10% 0.10% 0.01%
0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.81% 30.66% 30.53% 28.20% 28.15% 28.64% 29.01% 29.22% 29.39% 29.45% 29.46% 29.54%
No. of Shareholders 15,57615,20718,68417,21416,84118,26119,25519,15918,11514,39616,61716,399

* 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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