Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sadhav Shipping Ltd is a below average quality company.
The key valuation ratios of Sadhav Shipping Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sadhav Shipping Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 19.3% | 13.5% | 12.3% | 18.5% | 14% | - |
| Value Creation Index ⓘ | NA | NA | 0.4 | 0.0 | -0.1 | 0.3 | 0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||||
| Sales ⓘ | 0 | 0 | 61 | 60.6 | 69.6 | 77.8 | 84.3 | 84 |
| Sales YoY Gr. | - | NA | NA | -0.7% | 14.8% | 11.9% | 8.3% | - |
| Adj EPS ⓘ | 0 | 0 | 5.6 | 2.9 | 2.9 | 7 | 6.5 | 6.4 |
| YoY Gr. | - | NA | NA | -47.5% | -0.7% | 139.2% | -7.2% | - |
| BVPS (₹) ⓘ | 0 | 0 | 27.7 | 31 | 33.9 | 39.6 | 61.3 | 61.3 |
| Adj Net Profit ⓘ | 0 | 0 | 5.5 | 3 | 3 | 7.2 | 9.3 | 9 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | 11.5 | 21 | -6.4 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 1.8 | 2.6 | -10.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 11.6% | 8.3% | ||||
| Adj EPS ⓘ | NA | NA | 30.2% | -7.2% | ||||
| BVPSⓘ | NA | NA | 25.5% | 54.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 20.2 | 10.2 | 9 | 18.9 | 14.4 | 10.4 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 28.6 | 20.6 | 17.6 | 22.3 | 25.8 | NAN |
| Net Profit Mgn % ⓘ | 0 | 0 | 9.1 | 5 | 4.3 | 9.3 | 11 | 10.9 |
| Debt to Equity ⓘ | 0 | 0 | 0.9 | 0.6 | 0.6 | 1.4 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 107 | 99 | 92 | 146 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 51 | 22 | 4 | -12 | 0 |
Sales growth is growing at healthy rate in last 3 years 11.63%
Net Profit is growing at healthy rate in last 3 years 30.15%
Debt to equity has declined versus last 3 years average to 0.76
Return on Equity has declined versus last 3 years average to 10.40%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.4 | 2.1 |
| TTM Sales (₹ Cr.) | 84.3 | 69.6 |
| BVPS (₹.) ⓘ | 61.3 | 10 |
| Reserves (₹ Cr.) ⓘ | 74 | - |
| P/BV ⓘ | 2.28 | 14.00 |
| PE ⓘ | 21.97 | 66.81 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 201 |
| Equity (₹ Cr.) | 14.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 8.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 61 | 61 | 70 | 78 | 84 |
| Operating Expenses ⓘ | 44 | 48 | 57 | 60 | 63 |
| Manufacturing Costs | 18 | 25 | 39 | 36 | 39 |
| Material Costs | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 11 | 12 | 14 | 17 | 15 |
| Other Costs ⓘ | 15 | 11 | 5 | 7 | 9 |
| Operating Profit ⓘ | 17 | 13 | 12 | 17 | 22 |
| Operating Profit Margin (%) | 27.9% | 20.6% | 17.6% | 22.3% | 25.5% |
| Other Income ⓘ | 0 | 1 | 0 | 1 | 0 |
| Interest ⓘ | 4 | 2 | 2 | 4 | 5 |
| Depreciation ⓘ | 7 | 6 | 6 | 4 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 6 | 5 | 4 | 10 | 12 |
| Tax ⓘ | 1 | 1 | 1 | 2 | 3 |
| Profit After Tax | 5 | 3 | 3 | 8 | 9 |
| PAT Margin (%) | 8.5% | 5.5% | 4.3% | 10.0% | 10.9% |
| Adjusted EPS (₹) | 5.3 | 3.2 | 2.9 | 7.5 | 6.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 27 | 32 | 35 | 41 | 88 | |||||
| Share Capital ⓘ | 3 | 3 | 3 | 3 | 14 | |||||
| Reserves ⓘ | 25 | 29 | 32 | 38 | 74 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 24 | 18 | 18 | 55 | 67 | |||||
| Long Term Debt | 18 | 9 | 10 | 47 | 58 | |||||
| Short Term Debt | 6 | 9 | 8 | 9 | 9 | |||||
| Trade Payables | 5 | 5 | 5 | 8 | 11 | |||||
| Others Liabilities ⓘ | 10 | 7 | 11 | 12 | 13 | |||||
| Total Liabilities ⓘ | 66 | 61 | 69 | 116 | 180 | |||||
Fixed Assets | ||||||||||
| Gross Block | 46 | 40 | 100 | 128 | 137 | |||||
| Accumulated Depreciation | 0 | 0 | 55 | 59 | 63 | |||||
| Net Fixed Assetsⓘ | 46 | 40 | 45 | 69 | 73 | |||||
| CWIP ⓘ | 0 | 0 | 1 | 23 | 51 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Receivables | 12 | 10 | 9 | 9 | 11 | |||||
| Cash Equivalents | 2 | 2 | 3 | 5 | 7 | |||||
| Others Assetsⓘ | 5 | 8 | 11 | 11 | 37 | |||||
| Total Assets ⓘ | 66 | 61 | 69 | 116 | 180 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 11 | 21 | -6 |
| PBT ⓘ | 0 | 0 | 4 | 10 | 12 |
| Adjustment ⓘ | 0 | 0 | 8 | 8 | 9 |
| Changes in Working Capital ⓘ | 0 | 0 | 0 | 6 | -25 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 | -2 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -12 | -50 | -37 |
| Capex | 0 | 0 | -12 | -50 | -37 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 1 | 31 | 46 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 38 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 3 | 34 | 12 |
| Interest Paid ⓘ | 0 | 0 | -2 | -4 | -4 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 1 | 2 | 2 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 19.02 | 11.13 | 8.97 | 20.41 | 14.18 | |||||
| ROCE (%) | 19.28 | 13.53 | 12.34 | 18.47 | 14 | |||||
| Asset Turnover Ratio | 0.92 | 0.95 | 1.07 | 0.84 | 0.57 | |||||
| PAT to CFO Conversion(x) | 0 | 0 | 3.67 | 2.63 | -0.67 | Working Capital Days | ||||
| Receivable Days | 73 | 68 | 51 | 42 | 43 | |||||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | |||||
| Payable Days | 0 | 0 | 0 | 0 | 0 | |||||
Sadhav Shipping Limited was originally formed and registered as a Private Limited under the Companies Act, 1956 (Companies Act) in the name and style of ‘Homa Offshore & Shipping Company Private Limited’, pursuant to a Certificate of Incorporation dated August 16, 1996 issued by Registrar of Companies, Mumbai, Maharashtra. Later on, the company changed its name from ‘Homa Offshore & Shipping Company Private Limited’ to ‘Sadhav Shipping Company Private Limited’ and Certificate of Incorporation was issued on March 31, 1999, issued by Registrar of Companies, Mumbai, Maharashtra. The company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the company held on March 11, 2006 and the name of the Company was changed to ‘Sadhav Shipping Company Limited’. A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated March 21, 2006. Later on, the name of the Company was changed from ‘Sadhav Shipping Company Limited’ to ‘Sadhav Shipping Limited’ and fresh certificate of incorporation was issued by the Registrar of Companies, Mumbai, Maharashtra dated March 28, 2006.
Sadhav Shipping (SSL) is Mumbai based company incorporated in year 1996 with an objective to own and operate marine assets to service ports, coastal logistics and other port maritime related services. The company was incorporated by Kamal Kant Biswanath Choudhury an alumnus of T.S. Dufferin and Master Mariner. He is also an alumni of NMIMS and a Gold Medallist Fellow of Narottam Morarjee Institute of Shipping. He worked with the Directorate General of Shipping (India) and ONGC prior to founding the Sadhav Shipping. Under the leadership of Choudhury, the company has grown its business over the years and expanded its services in different sectors of shipping and coastal logistics. The company has developed strong customer base in the sector and is providing its services to leading companies which includes ONGC, Mumbai Port Authority, Pradip Port Authority, Bhabha Atomic Research Centre, Shipping Corporation of India, New Mangalore Port Authority, Deendayal Port Authority (Kandla/Vadinar), Jawaharlal Nehru Port Authority (JNPA), BPCL, Gujarat Police, JSW Ports and more.
With modern Dynamic Positioning offshore fleet and dedicated on board and a shore crew the company is committed to provide best in class services to its clients. The company was the first to setup and operate India’s first Port based Tier 1 Oil Spill Response Facility Centre in Mumbai and are now operating in most of the Major Ports in India. With a sailing team of more than 200 officers and crew coupled with effective and experienced shore management; it is witnessing sustainable growth year on year. It operates & manages Port crafts and also provides high speed security boats for patrolling services, which constitute its Port Services operations.
Business area of the company
Sadhav Shipping is Mumbai based company incorporated in year 1996 with an objective to own and operate marine assets to service ports, coastal logistics and other port maritime related services. The company is engaged in the business Offshore Logistics, Port Services and Oil Spill Response.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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