Shahi Shipping Ltd

Shahi Shipping Ltd

₹ 21.8 -1.98%
22 Nov - close price
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.

  • Market Cap 31.5 Cr.
  • Current Price 21.8
  • High / Low 29.0 / 5.83
  • Stock P/E 11.6
  • Book Value 29.8
  • Dividend Yield 0.00 %
  • ROCE 12.0 %
  • ROE 6.37 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.73 times its book value
  • Company has been maintaining a healthy dividend payout of 35.1%

Cons

  • Company has low interest coverage ratio.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008
35.22 40.06 44.95
21.61 23.59 26.23
Operating Profit 13.61 16.47 18.72
OPM % 38.64% 41.11% 41.65%
0.05 0.40 0.60
Interest 3.48 4.88 6.75
Depreciation 5.02 6.15 8.06
Profit before tax 5.16 5.84 4.51
Tax % 37.60% 33.22% 42.57%
3.28 3.95 2.60
EPS in Rs 2.26 2.73 1.79
Dividend Payout % 22.09% 27.51% 55.73%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -31%
Stock Price CAGR
10 Years: 6%
5 Years: 43%
3 Years: 62%
1 Year: 291%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008
Equity Capital 14.49 14.49 14.49
Reserves 23.87 27.30 28.75
36.69 53.51 52.90
9.69 10.32 13.13
Total Liabilities 84.74 105.62 109.27
51.89 74.77 73.85
CWIP 5.78 3.77 4.34
Investments 0.01 0.01 0.01
27.06 27.07 31.07
Total Assets 84.74 105.62 109.27

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008
6.89 10.29 9.25
-14.73 -26.96 -7.83
3.34 15.99 -1.88
Net Cash Flow -4.50 -0.68 -0.46

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008
Debtor Days 149.03 122.55 132.85
Inventory Days
Days Payable
Cash Conversion Cycle 149.03 122.55 132.85
Working Capital Days 161.36 141.77 139.83
ROCE % 12.60% 11.97%

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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