Shreyas Shipping & Logistics Ltd
Shreyas Shipping & Logistics Ltd, set up in 1994, owns and operates vessels for container feeder operations between Indian and international container trans-shipment ports. The company is India’s first container feeder owning and operating company. It has diversified into logistics, transportation, warehousing, and distribution services.[1]
- Market Cap ₹ 720 Cr.
- Current Price ₹ 328
- High / Low ₹ 413 / 212
- Stock P/E 3.63
- Book Value ₹ 373
- Dividend Yield 0.78 %
- ROCE 20.0 %
- ROE 27.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.85 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Cons
- The company has delivered a poor sales growth of -2.20% over past five years.
- Tax rate seems low
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
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271 | 389 | 487 | 546 | 596 | 718 | 541 | 625 | 612 | 560 | 536 | 484 | |
246 | 347 | 441 | 424 | 518 | 651 | 428 | 558 | 578 | 496 | 305 | 238 | |
Operating Profit | 24 | 42 | 46 | 122 | 78 | 67 | 113 | 67 | 34 | 64 | 231 | 246 |
OPM % | 9% | 11% | 9% | 22% | 13% | 9% | 21% | 11% | 6% | 11% | 43% | 51% |
1 | 2 | -18 | -34 | 5 | 107 | 15 | 3 | -82 | 15 | 18 | 19 | |
Interest | 5 | 10 | 12 | 10 | 12 | 15 | 13 | 19 | 19 | 17 | 12 | 18 |
Depreciation | 14 | 16 | 18 | 11 | 19 | 21 | 19 | 21 | 18 | 15 | 19 | 48 |
Profit before tax | 7 | 18 | -1 | 67 | 51 | 138 | 96 | 30 | -85 | 47 | 218 | 199 |
Tax % | 17% | 13% | -198% | 8% | 4% | 23% | 4% | 1% | 22% | 7% | 3% | 1% |
Net Profit | 6 | 15 | -5 | 62 | 50 | 106 | 92 | 30 | -66 | 44 | 211 | 197 |
EPS in Rs | 2.56 | 7.01 | -2.09 | 27.95 | 22.40 | 48.31 | 41.92 | 13.56 | -30.12 | 20.16 | 96.13 | 89.67 |
Dividend Payout % | 20% | 9% | -286% | 7% | 6% | 2% | 4% | 9% | 0% | 10% | 3% | 2% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | -2% |
3 Years: | -8% |
TTM: | -10% |
Compounded Profit Growth | |
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10 Years: | 29% |
5 Years: | 16% |
3 Years: | 123% |
TTM: | -4% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | -6% |
3 Years: | 82% |
1 Year: | -9% |
Return on Equity | |
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10 Years: | 20% |
5 Years: | 20% |
3 Years: | 27% |
Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | |
Reserves | 122 | 130 | 117 | 173 | 217 | 311 | 400 | 422 | 348 | 400 | 607 | 797 |
84 | 133 | 121 | 122 | 205 | 176 | 262 | 299 | 266 | 202 | 235 | 498 | |
40 | 56 | 72 | 66 | 94 | 92 | 96 | 110 | 88 | 76 | 49 | 40 | |
Total Liabilities | 268 | 341 | 332 | 383 | 537 | 602 | 781 | 853 | 725 | 700 | 914 | 1,357 |
186 | 239 | 208 | 196 | 288 | 263 | 384 | 409 | 400 | 374 | 640 | 1,043 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 0 | 0 | 0 |
Investments | 11 | 0 | 3 | 33 | 66 | 181 | 177 | 162 | 57 | 64 | 2 | 67 |
71 | 102 | 121 | 154 | 184 | 158 | 219 | 278 | 268 | 262 | 271 | 247 | |
Total Assets | 268 | 341 | 332 | 383 | 537 | 602 | 781 | 853 | 725 | 700 | 914 | 1,357 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
19 | 15 | 61 | 79 | 54 | 29 | 59 | 59 | 58 | 58 | 118 | 231 | |
-20 | -69 | 10 | -57 | -125 | -12 | -124 | -56 | 6 | 13 | -79 | -498 | |
17 | 37 | -31 | -11 | 62 | -14 | 63 | -2 | -67 | -69 | 15 | 227 | |
Net Cash Flow | 17 | -17 | 41 | 11 | -9 | 3 | -3 | 2 | -3 | 2 | 55 | -40 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 48 | 41 | 55 | 71 | 46 | 95 | 87 | 92 | 84 | 8 | 5 |
Inventory Days | 40 | |||||||||||
Days Payable | 122 | |||||||||||
Cash Conversion Cycle | 46 | 48 | 41 | 55 | -12 | 46 | 95 | 87 | 92 | 84 | 8 | 5 |
Working Capital Days | 8 | 21 | 11 | 35 | 39 | 24 | 55 | 64 | 41 | 110 | 90 | 79 |
ROCE % | 6% | 11% | 11% | 39% | 16% | 11% | 19% | 7% | 3% | 10% | 30% | 20% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4m - Submission of Newspaper Advertisement published in connection with Completion of the dispatch of Postal Ballot Notice Pursuant to Regulation 30 and Part A of Schedule …
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Announcement under Regulation 30 (LODR)-Meeting Updates
2d - Outcome of meeting of the Board of the Company dated May 24, 2023, please find enclosed copy of the Notice of Postal Ballot dated June …
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 2d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Submission of Newspaper Advertisement published in connection with Postal Ballot Notice Pursuant to Regulation 30 and Part A of Schedule III of SEBI (LODR) Regulations …
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Sale Of One Vessel M.V. SSL GANGA
30 May - The Company has sold one vessel, M.V. SSL GANGA on 30th May 2023. The said notice shall be available on website of the company at …
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
Concalls
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Sep 2020Transcript PPT
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Aug 2020TranscriptNotesPPT
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Feb 2020Transcript PPT
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Feb 2020TranscriptNotesPPT
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Nov 2019Transcript PPT
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Aug 2019Transcript PPT
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Jun 2019Transcript PPT
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Feb 2019Transcript PPT
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Nov 2018TranscriptPPT
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Nov 2018Transcript PPT
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Aug 2018Transcript PPT
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May 2018TranscriptNotesPPT
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Feb 2018Transcript PPT
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Nov 2017Transcript PPT
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Nov 2017TranscriptNotesPPT
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Aug 2017Transcript PPT
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Jun 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Aug 2016TranscriptPPT
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May 2016TranscriptPPT
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Feb 2016TranscriptPPT
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Aug 2015TranscriptPPT
Market Position
As per FY21, the company is a market leader in domestic coastal container shipping and enjoys a healthy market share of 50%. It dominates the EXIM segment with a market share of around 80%. [1]