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Shahi Shipping

₹9.9 0.5 | 5%

Market Cap ₹14 Cr.

Stock P/E 11.5

P/B 3.4

Current Price ₹9.9

Book Value ₹ 2.9

Face Value 10

52W High ₹11.8

Dividend Yield 0%

52W Low ₹ 4.2

Shahi Shipping Research see more...

Overview Inc. Year: 1990Industry: Shipping

Shahi Shipping Share Price

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Volume
Price

Quarterly Price

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Peer Comparison

Shahi Shipping Quarterly Results

#(Fig in Cr.) Dec 2020 Jun 2021 Sep 2021 Dec 2021 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 2 2 2 2 2 2 3 3 3 3
Other Income 0 0 1 0 0 1 -0 0 0 0
Total Income 2 2 3 2 2 3 3 3 3 3
Total Expenditure 3 2 3 2 2 3 3 2 2 2
Operating Profit -1 0 0 0 -0 0 1 0 1 1
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 0 0 0 0
Profit Before Tax -1 -0 -0 -0 -1 -0 0 -0 0 1
Provision for Tax -0 0 -0 0 -0 -0 0 -0 -0 -0
Profit After Tax -1 -0 -0 -0 -1 -0 0 -0 0 1
Adjustments 0 0 0 -0 0 0 -0 -0 0 0
Profit After Adjustments -1 -0 -0 -0 -1 -0 0 -0 0 1
Adjusted Earnings Per Share -0.7 -0.1 -0 -0.1 -0.4 -0.1 0.2 -0 0.3 0.4

Shahi Shipping Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 21 19 18 15 19 17 10 8 9 9 11 12
Other Income 0 0 2 0 0 1 1 0 0 2 1 0
Total Income 22 19 20 15 19 18 11 8 10 12 12 12
Total Expenditure 16 18 18 13 16 15 24 10 10 11 11 9
Operating Profit 6 1 3 2 3 3 -13 -1 0 1 1 3
Interest 4 3 2 1 1 1 1 1 1 0 0 0
Depreciation 4 3 4 3 2 2 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 -2 0 0 0 0 0 0 0 0
Profit Before Tax -2 -5 -4 -4 0 0 -15 -3 -1 -0 0 1
Provision for Tax -1 -1 -0 -2 1 -1 -0 0 -0 -0 -0 0
Profit After Tax -2 -4 -3 -3 -1 1 -15 -3 -1 -0 0 1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -2 -4 -3 -3 -1 1 -15 -3 -1 -0 0 1
Adjusted Earnings Per Share -1.1 -2.4 -2.4 -1.7 -0.4 0.8 -10.1 -2.3 -0.8 -0.1 0.3 0.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 22% 11% -8% -6%
Operating Profit CAGR 0% 0% -20% -16%
PAT CAGR 0% 0% -100% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 118% 22% 2% 4%
ROE Average 13% -8% -37% -20%
ROCE Average 6% 1% -14% -7%

Shahi Shipping Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 31 27 24 21 21 22 7 4 3 3 3
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 6 4 2 1 8 5 5 5 5 7 8
Other Non-Current Liabilities 5 4 4 2 3 2 2 2 2 1 1
Total Current Liabilities 30 29 25 20 11 10 10 10 11 9 7
Total Liabilities 72 64 55 44 42 39 24 21 20 20 19
Fixed Assets 34 25 21 15 13 11 9 8 7 6 5
Other Non-Current Assets 6 7 7 5 11 11 11 11 11 11 11
Total Current Assets 32 32 27 24 18 17 4 2 2 2 4
Total Assets 72 64 55 44 42 39 24 21 20 20 19

Shahi Shipping Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 1 1 0 1 0 1 1 0 0 0 0
Cash Flow from Operating Activities 2 2 4 3 5 4 -1 1 1 -1 1
Cash Flow from Investing Activities 1 2 -0 4 -0 -0 1 0 -0 0 1
Cash Flow from Financing Activities -4 -4 -3 -7 -5 -4 -1 -2 -1 1 -2
Net Cash Inflow / Outflow 0 -0 0 -0 1 0 -1 -0 0 0 0
Closing Cash & Cash Equivalent 1 0 1 0 1 1 0 0 0 0 0

Shahi Shipping Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -1.08 -2.42 -2.37 -1.74 -0.38 0.76 -10.11 -2.29 -0.78 -0.06 0.28
CEPS(Rs) 1.94 -0.21 0.32 0.29 1.07 2.02 -9.2 -1.6 -0.19 0.48 0.7
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 21.18 18.84 16.41 14.67 14.31 15.06 4.96 2.67 2.04 1.98 2.27
Core EBITDA Margin(%) 26.7 7.59 4.38 13.26 16.82 10.62 -134.91 -21.9 -3.75 -12.38 1.07
EBIT Margin(%) 6.75 -8.81 -7.11 -19.28 6.42 7.92 -138.48 -30.57 -7.87 3.36 6.87
Pre Tax Margin(%) -9.87 -23.79 -20.32 -29.46 0.07 1.64 -145.07 -39.72 -14.95 -1.64 3.25
PAT Margin (%) -7.31 -18.08 -18.66 -17.29 -2.87 6.59 -143.44 -40.68 -12.15 -0.9 3.75
Cash Profit Margin (%) 13.11 -1.55 2.49 2.89 8.09 17.57 -130.59 -28.47 -2.98 7.34 9.37
ROA(%) -2.11 -5.13 -5.74 -5.07 -1.27 2.69 -46.83 -14.98 -5.55 -0.42 2.07
ROE(%) -4.98 -12.09 -13.47 -11.2 -2.62 5.15 -100.97 -59.95 -33.22 -2.91 13.25
ROCE(%) 2.38 -3.13 -2.76 -7.08 3.53 4.01 -57.92 -16.52 -5.74 2.44 5.84
Receivable days 360.71 472.82 450.26 469.89 328.43 356.42 335.6 117.41 60.33 48.08 59.5
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 0 0 10.97 0 0 0 0 16.12
Price/Book(x) 0.29 0.36 0.79 0.66 0.75 0.55 1.82 2.06 2.82 2.27 2
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.67 1.71 2.09 1.93 1.46 1.27 2.23 2.1 1.9 1.78 1.4
EV/Core EBITDA(x) 6.16 22.18 14.86 13.08 8.42 6.7 -1.78 -11.43 146.61 15.34 11.17
Net Sales Growth(%) -6.06 -9.55 -4.93 -20.85 30.95 -13.04 -38.56 -20.26 14.68 0.69 15.86
EBIT Growth(%) -75.08 -218.13 23.34 -114.73 143.63 7.25 -1173.92 82.4 70.47 143.02 136.5
PAT Growth(%) -269.31 -123.58 1.87 26.68 78.22 299.41 -1437.06 77.38 65.75 92.52 581.13
EPS Growth(%) -269.32 -123.57 1.87 26.68 78.22 299.41 -1437.07 77.38 65.75 92.53 581.37
Debt/Equity(x) 0.9 0.86 0.85 0.67 0.64 0.45 1.38 2.36 3.25 3.64 2.74
Current Ratio(x) 1.06 1.12 1.08 1.21 1.66 1.61 0.38 0.2 0.21 0.28 0.53
Quick Ratio(x) 1.06 1.12 1.08 1.21 1.66 1.61 0.38 0.2 0.21 0.28 0.53
Interest Cover(x) 0.41 -0.59 -0.54 -1.9 1.01 1.26 -21.03 -3.34 -1.11 0.67 1.9
Total Debt/Mcap(x) 3.12 2.37 1.07 1.02 0.84 0.82 0.76 1.15 1.15 1.6 1.37

Shahi Shipping Shareholding Pattern

# Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.11 73.11 73.11 73.11 73.11 73.11 73.11 73.11 73.11 73.11
FII 0 0 0 0 0 0 0 0 0 0
DII 1.65 1.65 1.65 1.65 1.65 0 0 0 0 0
Public 25.24 25.24 25.24 25.24 25.24 26.89 26.89 26.89 26.89 26.89
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

Cons

  • Company has a low return on equity of -8% over the last 3 years.
  • Stock is trading at 3.4 times its book value.
  • The company has delivered a poor profit growth of -100% over past five years.

* 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.

Shahi Shipping News

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