Chowgule Steamships Ltd

₹ 32.7 1.96%

25 Jul 10:37 a.m.

chowgulesteamships.co.in BSE: 501833

About

Incorporated in 1963, Chowgule Steamships Ltd is engaged in carriage of goods by sea

Key Points

Business Overview:^[1]
Company owns and operates one vessel for seaborne transportation of bulk cargo

Website BSE

Market Cap ₹ 119 Cr.
Current Price ₹ 32.7
High / Low ₹ 36.5 / 13.5
Stock P/E 34.2
Book Value ₹ 11.9
Dividend Yield 0.00 %
ROCE 10.3 %
ROE 8.78 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company has delivered good profit growth of 35.1% CAGR over last 5 years

Cons

Stock is trading at 2.70 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 3.81% over last 3 years.
Earnings include an other income of Rs.7.50 Cr.
Debtor days have increased from 43.4 to 59.8 days.

* 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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.81	1.07	1.07	1.14
	0.39	0.40	0.36	0.55	0.44	0.53	0.55	0.67	0.54	0.47	0.66	0.74	1.21
Operating Profit	-0.39	-0.40	-0.36	-0.55	-0.44	-0.53	-0.55	-0.67	-0.54	0.34	0.41	0.33	-0.07
OPM %										41.98%	38.32%	30.84%	-6.14%
	11.76	1.46	1.11	1.04	-94.99	1.07	1.14	1.28	-0.63	4.80	0.71	1.10	0.89
Interest	-1.09	0.12	0.12	0.12	0.12	0.13	0.13	0.13	0.13	0.14	0.13	0.13	0.14
Depreciation	0.15	0.17	0.11	0.14	0.14	0.12	0.13	0.13	0.13	0.11	0.11	0.11	0.11
Profit before tax	12.31	0.77	0.52	0.23	-95.69	0.29	0.33	0.35	-1.43	4.89	0.88	1.19	0.57
Tax %	29.73%	25.97%	25.00%	-530.43%	0.02%	3.45%	-3.03%	-228.57%	0.00%	0.00%	6.82%	0.84%	7.02%
	8.65	0.58	0.39	1.45	-95.71	0.28	0.34	1.16	-1.42	4.89	0.81	1.18	0.53
EPS in Rs	2.38	0.16	0.11	0.40	-26.36	0.08	0.09	0.32	-0.39	1.35	0.22	0.32	0.15
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
	13.19	16.01	7.42	5.55	0.52	0.12	0.06	0.00	0.00	0.00	2.57	4.09
	42.30	18.61	37.91	12.61	4.65	6.87	4.77	2.39	2.60	1.74	2.28	3.08
Operating Profit	-29.11	-2.60	-30.49	-7.06	-4.13	-6.75	-4.71	-2.39	-2.60	-1.74	0.29	1.01
OPM %	-220.70%	-16.24%	-410.92%	-127.21%	-794.23%	-5,625.00%	-7,850.00%				11.28%	24.69%
	19.25	6.97	14.62	2.82	3.65	3.36	3.89	10.09	18.38	-91.38	0.29	7.50
Interest	0.60	0.95	0.52	0.42	1.35	1.49	0.73	1.91	0.45	0.48	0.52	0.54
Depreciation	3.74	6.80	8.11	4.57	1.78	1.62	1.31	0.73	0.62	0.55	0.50	0.45
Profit before tax	-14.20	-3.38	-24.50	-9.23	-3.61	-6.50	-2.86	5.06	14.71	-94.15	-0.44	7.52
Tax %	-24.79%	-89.05%	-16.57%	-39.98%	-23.27%	-38.00%	-32.52%	29.84%	30.73%	-0.93%	-181.82%	1.46%
	-10.68	-0.36	-20.44	-5.54	-2.76	-4.03	-1.93	3.56	10.19	-93.28	0.35	7.41
EPS in Rs	-2.94	-0.10	-5.63	-1.53	-0.76	-1.11	-0.53	0.98	2.81	-25.69	0.10	2.04
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:	-13%
5 Years:	133%
3 Years:	%
TTM:	59%

Compounded Profit Growth
10 Years:	10%
5 Years:	35%
3 Years:	81%
TTM:	891%

Stock Price CAGR
10 Years:	7%
5 Years:	47%
3 Years:	52%
1 Year:	124%

Return on Equity
10 Years:	-3%
5 Years:	2%
3 Years:	4%
Last Year:	9%

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
Equity Capital	36.31	36.31	36.31	36.31	36.31	36.31	36.31	36.31	36.31	36.31	36.31	36.31
Reserves	113.00	112.02	91.41	86.96	84.51	80.92	78.61	82.18	92.45	-0.83	-0.47	6.93
	19.19	17.95	13.91	0.00	0.00	0.00	14.20	17.70	0.00	0.00	0.00	0.00
	20.91	15.55	14.46	18.04	17.58	18.52	6.42	9.12	7.53	6.84	7.42	9.43
Total Liabilities	189.41	181.83	156.09	141.31	138.40	135.75	135.54	145.31	136.29	42.32	43.26	52.67
	61.02	53.61	40.18	27.66	25.90	21.65	8.98	8.07	7.46	6.92	6.43	5.99
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	77.40	119.62	100.53	100.30	98.10	96.76	96.88	97.73	98.77	6.67	6.88	12.15
	50.99	8.60	15.38	13.35	14.40	17.34	29.68	39.51	30.06	28.73	29.95	34.53
Total Assets	189.41	181.83	156.09	141.31	138.40	135.75	135.54	145.31	136.29	42.32	43.26	52.67

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
	-5.69	2.06	-14.32	-9.33	-4.72	-4.01	-3.16	-0.89	-2.55	-1.38	-1.28	2.21
	14.48	1.44	19.17	24.45	4.85	3.53	-10.92	-2.33	1.96	1.42	1.20	-2.08
	-16.81	-4.36	-5.23	-12.73	-0.09	-0.09	14.13	3.50	0.00	0.00	0.00	0.00
Net Cash Flow	-8.02	-0.86	-0.38	2.39	0.04	-0.57	0.06	0.28	-0.59	0.04	-0.08	0.13

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	0.00	74.55	81.66	1.97	0.00	0.00	0.00				26.98	59.79
Inventory Days
Days Payable
Cash Conversion Cycle	0.00	74.55	81.66	1.97	0.00	0.00	0.00				26.98	59.79
Working Capital Days	-484.55	-50.16	-348.77	522.84	6,787.60	33,032.50	92,101.67				303.93	-82.10
ROCE %	-12.26%	-4.34%	-18.85%	-6.33%	-1.85%	-4.21%	-1.29%	3.30%	1.02%	2.23%	0.22%	10.27%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	72.13%	72.13%	72.13%	72.06%	72.05%	72.05%	72.05%	71.73%	72.05%	72.05%	72.05%	72.05%
	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.05%	0.05%	0.05%	0.05%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
	27.81%	27.81%	27.81%	27.89%	27.89%	27.89%	27.88%	28.21%	27.90%	27.88%	27.89%	27.90%
No. of Shareholders	20,580	20,701	20,726	20,728	20,636	20,551	20,429	20,253	20,110	20,050	20,085	20,307

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	69.25%	70.37%	71.41%	72.13%	72.13%	72.13%	72.05%	72.05%	72.05%
	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.06%	0.06%	0.06%
	30.69%	29.57%	28.53%	27.81%	27.81%	27.81%	27.88%	27.89%	27.90%
No. of Shareholders	22,608	21,601	21,230	20,927	20,626	20,726	20,429	20,085	20,307

* 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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Chowgule Steamships Ltd

Chowgule Steamships Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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