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 %
  • ROE %
  • Face Value 10.0

Pros

Cons

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Peer comparison

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Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2024
299
201
Operating Profit 98
OPM % 33%
25
Interest 4
Depreciation 11
Profit before tax 108
Tax % 25%
81
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
827 731
638 538
Operating Profit 189 193
OPM % 23% 26%
4 5
Interest 16 11
Depreciation 17 20
Profit before tax 159 167
Tax % 25% 25%
119 125
EPS in Rs
Dividend Payout % 0% 0%
Compounded Sales Growth
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5 Years: %
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TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 7%
Stock Price CAGR
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Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
Equity Capital
Reserves
Total Liabilities
CWIP
Investments
Total Assets

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
Net Cash Flow

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
Debtor Days
Inventory Days
Days Payable
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Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Annual reports

No data available.