Shahi Shipping Ltd

Shahi Shipping Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shahi Shipping Ltd

₹ 21.4 -4.93%
23 Dec - close price
shahilogistics.com BSE: 526508
About

Incorporated in 1985, Shahi Shipping Ltd is involved in trans-shipment business through transportation of bulk cargo and containers.

Key Points

Business Overview:[1][2]
Company operates in the field of transportation of cargo and lighter age operation in inland water-limits of Indian ports. Company owns 17 vessels which operate with various private and Government bodies. Size of these vessels range between DWT 500 tons to DWT 3500 tons. Company has expertise in designing low-draft vessels suitable for operations on Indian coasts. Presently, company provides shipping transportation through barges. Fleet comprises mini bulk carriers, general cargo carriers, tugs, and launches, chemical carriers, water supply barges, etc.

Website BSE
  • Market Cap ₹ 31.0 Cr.
  • Current Price ₹ 21.4
  • High / Low ₹ 29.0 / 7.07
  • Stock P/E 31.0
  • Book Value ₹ 3.21
  • Dividend Yield 0.00 %
  • ROCE 25.0 %
  • ROE 54.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 6.66 times its book value
  • The company has delivered a poor sales growth of 4.01% over past five years.
  • Earnings include an other income of Rs.1.29 Cr.

* 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1.98 2.34 9.40 1.71 2.16 3.42 3.61 2.51 2.75 3.01 4.15 3.06 1.97
2.55 2.35 10.56 2.44 2.63 2.85 2.86 2.44 2.20 2.31 3.61 2.55 3.22
Operating Profit -0.57 -0.01 -1.16 -0.73 -0.47 0.57 0.75 0.07 0.55 0.70 0.54 0.51 -1.25
OPM % -28.79% -0.43% -12.34% -42.69% -21.76% 16.67% 20.78% 2.79% 20.00% 23.26% 13.01% 16.67% -63.45%
0.77 0.13 2.25 0.46 0.68 0.00 0.11 0.00 0.04 0.04 1.23 0.01 0.01
Interest 0.11 0.11 0.47 0.10 0.15 0.10 0.05 0.03 0.11 0.06 0.06 0.15 0.15
Depreciation 0.19 0.19 0.77 0.15 0.15 0.15 0.16 0.12 0.12 0.11 0.11 0.10 0.10
Profit before tax -0.10 -0.18 -0.15 -0.52 -0.09 0.32 0.65 -0.08 0.36 0.57 1.60 0.27 -1.49
Tax % -40.00% 0.00% -46.67% -1.92% -11.11% 12.50% -10.77% -25.00% -25.00% -1.75% -1.25% -3.70% -0.67%
-0.07 -0.19 -0.08 -0.52 -0.08 0.28 0.72 -0.06 0.45 0.58 1.62 0.28 -1.48
EPS in Rs -0.05 -0.13 -0.06 -0.36 -0.06 0.19 0.50 -0.04 0.31 0.40 1.12 0.19 -1.02
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 TTM
21.45 19.40 18.44 14.60 19.11 16.62 10.21 8.14 9.34 9.40 10.86 12.43 12.19
14.21 14.44 16.74 12.12 15.90 14.69 23.29 9.93 9.69 10.56 10.37 10.41 11.69
Operating Profit 7.24 4.96 1.70 2.48 3.21 1.93 -13.08 -1.79 -0.35 -1.16 0.49 2.02 0.50
OPM % 33.75% 25.57% 9.22% 16.99% 16.80% 11.61% -128.11% -21.99% -3.75% -12.34% 4.51% 16.25% 4.10%
-1.42 -3.47 0.89 -2.35 0.11 1.21 0.25 0.29 0.47 2.25 0.95 1.46 1.29
Interest 3.56 2.90 2.44 1.48 1.21 1.04 0.67 0.74 0.66 0.47 0.47 0.57 0.42
Depreciation 4.38 3.21 3.90 2.94 2.10 1.83 1.31 0.99 0.86 0.77 0.61 0.46 0.42
Profit before tax -2.12 -4.62 -3.75 -4.29 0.01 0.27 -14.81 -3.23 -1.40 -0.15 0.36 2.45 0.95
Tax % -25.94% -23.81% -8.00% -41.26% 5,700.00% -303.70% -1.15% 2.48% -18.57% -46.67% -13.89% -5.31%
-1.57 -3.51 -3.44 -2.52 -0.55 1.10 -14.65 -3.31 -1.13 -0.08 0.41 2.59 1.00
EPS in Rs -1.08 -2.42 -2.37 -1.74 -0.38 0.76 -10.11 -2.28 -0.78 -0.06 0.28 1.79 0.69
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -4%
5 Years: 4%
3 Years: 10%
TTM: -1%
Compounded Profit Growth
10 Years: 62%
5 Years: 17%
3 Years: 62%
TTM: -28%
Stock Price CAGR
10 Years: 7%
5 Years: 42%
3 Years: 62%
1 Year: 218%
Return on Equity
10 Years: -14%
5 Years: -11%
3 Years: 21%
Last Year: 55%

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 Sep 2024
Equity Capital 14.49 14.49 14.49 14.49 14.49 14.49 14.49 14.49 14.49 14.49 14.49 14.49 14.49
Reserves 16.32 12.81 9.29 6.77 6.24 7.34 -7.31 -10.62 -11.53 -11.62 -11.21 -8.62 -9.83
27.66 23.56 20.18 14.32 13.18 9.87 9.94 9.15 9.63 10.46 8.99 5.39 5.97
13.72 13.61 11.46 8.43 8.40 7.35 6.40 7.69 7.62 6.58 7.15 7.35 5.39
Total Liabilities 72.19 64.47 55.42 44.01 42.31 39.05 23.52 20.71 20.21 19.91 19.42 18.61 16.02
33.85 25.45 20.96 15.23 13.34 11.47 8.73 7.73 6.90 6.11 5.15 4.72 5.04
CWIP 4.02 4.04 4.08 2.08 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 0.00
Investments 0.08 0.08 0.07 0.07 0.11 0.11 0.04 0.03 0.03 0.04 0.50 0.51 0.48
34.24 34.90 30.31 26.63 26.76 25.37 12.65 10.85 11.18 11.66 11.67 11.28 10.50
Total Assets 72.19 64.47 55.42 44.01 42.31 39.05 23.52 20.71 20.21 19.91 19.42 18.61 16.02

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
2.22 2.09 4.08 1.25 5.38 4.42 -0.80 1.16 0.96 -0.71 1.59 3.97
1.40 1.68 -0.44 4.30 -0.12 -0.02 0.81 0.19 0.00 0.15 0.37 0.06
-3.59 -4.10 -3.38 -5.86 -4.73 -4.38 -0.61 -1.52 -0.79 0.60 -1.87 -4.03
Net Cash Flow 0.03 -0.33 0.25 -0.31 0.53 0.02 -0.60 -0.18 0.17 0.04 0.10 0.00

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 424.22 476.57 399.24 435.25 324.51 339.74 118.33 86.54 45.33 51.26 74.95 51.98
Inventory Days
Days Payable
Cash Conversion Cycle 424.22 476.57 399.24 435.25 324.51 339.74 118.33 86.54 45.33 51.26 74.95 51.98
Working Capital Days 242.82 319.47 241.49 418.25 212.20 221.37 -51.84 -184.74 -166.87 -126.20 -79.65 -93.09
ROCE % 4.72% 3.24% -0.89% -0.63% 3.48% 4.36% -55.06% -16.72% -5.78% 1.54% 2.97% 24.99%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.11% 73.11% 73.11% 73.10% 73.10% 73.10% 73.10% 73.10% 73.10% 73.10% 73.10% 73.10%
1.65% 1.65% 1.65% 1.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.24% 25.24% 25.24% 25.25% 26.89% 26.89% 26.90% 26.89% 26.89% 26.89% 26.88% 26.90%
No. of Shareholders 4,5364,5604,5764,5764,5814,5854,5864,6384,6344,7354,8256,341

* 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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