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Shahi Shipping Overview

Shahi Shipping Limited is an Indian company engaged in the shipping and logistics sector, primarily providing services related to cargo transportation, freight forwarding, and marine logistics. The company caters to domestic and international clients by facilitating the movement of goods via sea routes, managing shipping operations, and offering integrated logistics solutions. Operating on a modest scale, Shahi Shipping focuses on operational efficiency, regulatory compliance, and building strong customer relationships. Its performance is influ...Read More

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Shahi Shipping Key Financials

Market Cap ₹20 Cr.

Stock P/E -5.7

P/B 17.3

Current Price ₹14

Book Value ₹ 0.8

Face Value 10

52W High ₹25.9

Dividend Yield 0%

52W Low ₹ 12.2

Shahi Shipping Share Price

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Volume
Price

Shahi Shipping Quarterly Price

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Shahi Shipping Peer Comparison

Shahi Shipping Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 3 3 4 3 2 2 3 2 1 2
Other Income 0 0 1 0 0 0 0 0 0 0
Total Income 3 3 5 3 2 3 3 2 2 2
Total Expenditure 2 2 4 3 3 2 3 2 2 2
Operating Profit 1 1 2 1 -1 0 1 0 -0 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 -3 0 0 0
Profit Before Tax 0 1 2 0 -1 0 -3 -0 -0 -1
Provision for Tax -0 -0 -0 -0 -0 -0 -0 -0 0 -0
Profit After Tax 0 1 2 0 -1 0 -2 -0 -0 -0
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 1 2 0 -1 0 -2 -0 -0 -0
Adjusted Earnings Per Share 0.3 0.4 1.1 0.2 -1 0 -1.6 -0.2 -0.3 -0.3

Shahi Shipping Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 18 15 19 17 10 8 9 9 11 12 11 8
Other Income 2 0 0 1 1 0 0 2 1 1 1 0
Total Income 20 15 19 18 11 8 10 12 12 14 11 9
Total Expenditure 18 13 16 15 24 10 10 11 11 10 8 9
Operating Profit 3 2 3 3 -13 -1 0 1 1 3 3 1
Interest 2 1 1 1 1 1 1 0 0 1 1 0
Depreciation 4 3 2 2 1 1 1 1 1 0 0 0
Exceptional Income / Expenses 0 -2 0 0 0 0 0 0 0 0 -6 -3
Profit Before Tax -4 -4 0 0 -15 -3 -1 -0 0 2 -4 -4
Provision for Tax -0 -2 1 -1 -0 0 -0 -0 -0 -0 -0 0
Profit After Tax -3 -3 -1 1 -15 -3 -1 -0 0 3 -4 -2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -3 -3 -1 1 -15 -3 -1 -0 0 3 -4 -2
Adjusted Earnings Per Share -2.4 -1.7 -0.4 0.8 -10.1 -2.3 -0.8 -0.1 0.3 1.8 -2.5 -2.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -8% 7% 7% -5%
Operating Profit CAGR 0% 44% 0% 0%
PAT CAGR -233% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -14% 45% 19% 4%
ROE Average -87% -6% -11% -22%
ROCE Average -31% 0% -0% -7%

Shahi Shipping Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 24 21 21 22 7 4 3 3 3 6 2
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 1 8 5 5 5 5 7 7 3 3
Other Non-Current Liabilities 4 2 3 2 2 2 2 1 1 1 1
Total Current Liabilities 25 20 11 10 10 10 11 9 8 9 6
Total Liabilities 55 44 42 39 24 21 20 20 19 19 12
Fixed Assets 21 15 13 11 9 8 7 6 5 5 7
Other Non-Current Assets 7 5 11 11 11 11 11 11 10 10 1
Total Current Assets 27 24 18 17 4 2 2 2 5 4 4
Total Assets 55 44 42 39 24 21 20 20 19 19 12

Shahi Shipping Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 0 1 1 0 0 0 0 0 0
Cash Flow from Operating Activities 4 3 5 4 -1 1 1 -1 2 4 3
Cash Flow from Investing Activities -0 4 -0 -0 1 0 -0 0 0 -0 -3
Cash Flow from Financing Activities -3 -7 -5 -4 -1 -2 -1 1 -2 -4 0
Net Cash Inflow / Outflow 0 -0 1 0 -1 -0 0 0 0 -0 0
Closing Cash & Cash Equivalent 1 0 1 1 0 0 0 0 0 0 1

Shahi Shipping Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -2.37 -1.74 -0.38 0.76 -10.11 -2.29 -0.78 -0.06 0.28 1.78 -2.46
CEPS(Rs) 0.32 0.29 1.07 2.02 -9.2 -1.6 -0.19 0.48 0.7 2.1 -2.12
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 16.41 14.67 14.31 15.06 4.96 2.67 2.04 1.98 2.27 4.05 1.59
Core EBITDA Margin(%) 4.38 13.26 16.82 10.62 -134.91 -21.9 -3.75 -12.38 1.71 16.21 22.64
EBIT Margin(%) -7.11 -19.28 6.42 7.92 -138.48 -30.57 -7.87 3.36 7.55 24.33 -28.9
Pre Tax Margin(%) -20.32 -29.46 0.07 1.64 -145.07 -39.72 -14.95 -1.64 3.26 19.74 -35.3
PAT Margin (%) -18.66 -17.29 -2.87 6.59 -143.44 -40.68 -12.15 -0.9 3.76 20.81 -33.71
Cash Profit Margin (%) 2.49 2.89 8.09 17.57 -130.59 -28.47 -2.98 7.34 9.4 24.47 -29.11
ROA(%) -5.74 -5.07 -1.27 2.69 -46.83 -14.98 -5.55 -0.42 2.08 13.6 -23.04
ROE(%) -13.47 -11.2 -2.62 5.15 -100.97 -59.95 -33.22 -2.91 13.25 56.49 -87.26
ROCE(%) -2.76 -7.08 3.53 4.01 -57.92 -16.52 -5.74 2.44 6.4 25.7 -30.93
Receivable days 450.26 469.89 328.43 356.42 335.6 117.41 60.33 48.08 59.66 58.79 58.84
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 0 10.97 0 0 0 0 16.13 6.49 0
Price/Book(x) 0.79 0.66 0.75 0.55 1.82 2.06 2.82 2.27 2 2.86 10.33
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.09 1.93 1.46 1.27 2.23 2.1 1.9 1.78 1.4 1.76 2.78
EV/Core EBITDA(x) 14.86 13.08 8.42 6.7 -1.78 -11.43 146.61 15.34 10.61 6.27 9.21
Net Sales Growth(%) -4.93 -20.85 30.95 -13.04 -38.56 -20.26 14.68 0.69 15.55 14.37 -14.86
EBIT Growth(%) 23.34 -114.73 143.63 7.25 -1173.92 82.4 70.47 143.02 159.18 268.82 -201.1
PAT Growth(%) 1.87 26.68 78.22 299.41 -1437.06 77.38 65.75 92.52 581.12 533.64 -237.92
EPS Growth(%) 1.87 26.68 78.22 299.41 -1437.07 77.38 65.75 92.53 581.2 533.75 -237.92
Debt/Equity(x) 0.85 0.67 0.64 0.45 1.38 2.36 3.25 3.64 2.74 0.92 2.69
Current Ratio(x) 1.08 1.21 1.66 1.61 0.38 0.2 0.21 0.28 0.56 0.48 0.63
Quick Ratio(x) 1.08 1.21 1.66 1.61 0.38 0.2 0.21 0.28 0.56 0.48 0.63
Interest Cover(x) -0.54 -1.9 1.01 1.26 -21.03 -3.34 -1.11 0.67 1.76 5.3 -4.52
Total Debt/Mcap(x) 1.07 1.02 0.84 0.82 0.76 1.15 1.15 1.6 1.37 0.32 0.26

Shahi Shipping Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.11 73.11 73.11 73.11 73.11 73.11 50 50 50 50
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 26.89 26.89 26.89 26.89 26.89 26.89 50 50 50 50
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Shahi Shipping News

Shahi Shipping Pros & Cons

Pros

Cons

  • Company has a low return on equity of -6% over the last 3 years.
  • Stock is trading at 17.3 times its book value.
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