Shreeji Shipping Global Ltd
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
* 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|
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: | % |
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 | ||
Cash Conversion Cycle | ||
Working Capital Days | ||
ROCE % |
Documents
Annual reports
No data available.