Shreeji Shipping Global Ltd

Shreeji Shipping Global Ltd

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About

Business Overview:[1]
SSGL, the flagship of the Jamnagar-based Shreeji Group, is an integrated shipping and logistics solutions provider for dry bulk cargo handling at all-weather and seasonal ports in India and Sri Lanka. While it serves major ports, the company primarily focuses on non-major ports and jetties, especially along India’s West Coast.

Ports:[1]
The company has provided its services at 20+ ports and jetties, including major Indian ports at Kandla, non-major ports at Navlakhi, Magdalla, Bhavnagar, Bedi and Dharmatar and overseas port at Puttalam Port (Sri Lanka).

Operational Assets - FY25:[1]
a) Marine Fleet:
The company operates a fleet exceeding ~80 vessels. This includes:
- Barges
- Mini Bulk Carriers
- Tug Boats
- Floating Cranes
b) Earthmoving Equipment:
The company deploys over 370 units of earthmoving machinery, comprising:
- Material Handling Machines
- Excavators
- Pay Loaders
- Tippers (including trailers and tankers)
- Other service vehicles

Service Portfolio:[2]
The company provides integrated shipping and
logistics solutions for dry bulk cargo, including:
a) Cargo Handling Services:
STS (Ship-to-Ship) Lighterage, Stevedoring, Port and cargo management services
b) Transportation Services:
Port-to-premise and premise-to-port delivery of dry bulk cargo
c) Fleet Chartering and Equipment rentals:
This primarily includes providing vessels and earthmoving equipment on a charter basis. It also provides other necessary equipment needed for the loading and unloading of cargo;
d) Other operational services:
Sale of Scrap

Cargo Volume - FY25:[2]
a) Handled: 15.71 MMT
b) Transported: 2.49 MMT
c) Number of customers:106

Clientele:[3]
a) Shipping & Logistics: Ceylon Shipping Corporation Ltd
b) Infrastructure & Energy: Adani Enterprises Ltd
c) FMCG: RSPL Ltd
d) Coal: Agarwal Coal Corporation Pvt Ltd, Taranjot Resources Pvt Ltd, Mohit Minerals Ltd, Balaji Malts Pvt Ltd, FC Agarwal Coal Pvt Ltd
e) Energy & Power: Torrent Power Ltd
f) Cement: Shree Digvijay Cement Corp Ltd, UltraTech Cement Ltd, Ambuja Cements Ltd, ACC Ltd
g) Commodities Trading: Tata International Ltd, Green Gold Global Resources Pvt Ltd, A T Trade Overseas Pvt Ltd, PRH Resources Pvt Ltd, Global Logistics
h) Metal & Steel: ArcelorMittal Nippon Steel India Ltd

Client Concentration - FY25:[3]
Largest customer ~20.86%,
Top 3 customers ~39.28%,
Top 10 customers ~64.12%

Industry wise Sales Split - FY25:[4]
Oil and Gas ~23.25%,
Energy and Power ~13.26%,
Fast Moving Consumer Goods ~2.92%,
Coal and Metal Industry ~17.60%

Port wise Revenue Split - FY25:[5]
Non-Major Ports (including private jetties) ~91.61%,
Foreign Ports ~6.99%,
Major Ports ~**0.36% **

Revenue Breakup - FY25:[6]
Cargo Handling ~79.39%,
Transportation ~11.78%,
Fleet Chartering & Equipment Rentals
~7.80%,
Other Income~1.03%

IPO & Utilization:[7][8]
a) The company came up with an IPO of 1.6298 Cr shares and got listed on BSE and NSE on August 26, 2025
b) SSGL would utilize the net proceeds for:
- Acquisition of Dry Bulk Carriers in the
Supramax category in the secondary
market (Acquisition of Vessels) ~Rs. 25.12 Crore
- Repayment of Borrowings ~Rs. 2.30 Cr

  • Market Cap 4,106 Cr.
  • Current Price
  • High / Low /
  • Stock P/E 33.0
  • Book Value
  • Dividend Yield %
  • ROCE 39.4 %
  • ROE 43.6 %
  • Face Value 10.0

Pros

Cons

  • 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024
572 827 731
431 638 538
Operating Profit 141 189 193
OPM % 25% 23% 26%
1 4 5
Interest 15 16 11
Depreciation 12 17 20
Profit before tax 114 159 167
Tax % 27% 25% 25%
83 119 125
EPS in Rs
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 7%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 44%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.10 0.10 0.10
Reserves 153 256 315
235 175 159
199 198 170
Total Liabilities 587 629 644
295 361 371
CWIP 45 3 4
Investments 0 0 0
247 266 269
Total Assets 587 629 644

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024
143 158 160
-220 -47 -39
75 -112 -122
Net Cash Flow -1 -1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Mar 2023 Mar 2024
Debtor Days 119 77 78
Inventory Days
Days Payable
Cash Conversion Cycle 119 77 78
Working Capital Days -3 5 36
ROCE % 42% 39%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Annual reports

No data available.