Past 10 year's financial track record analysis by Moneyworks4me indicates that Shahi Shipping Ltd is a average quality company.
The key valuation ratios of Shahi Shipping Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shahi 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -2.8% | -7.1% | 3.5% | 4% | -57.9% | -16.5% | -5.7% | 2.4% | 6.4% | 25.7% | - |
| Value Creation Index ⓘ | -1.2 | -1.5 | -0.8 | -0.7 | -5.1 | -2.2 | -1.4 | -0.8 | -0.5 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 18.4 | 14.6 | 19.1 | 16.6 | 10.2 | 8.1 | 9.3 | 9.4 | 10.9 | 12.4 | 12 |
| Sales YoY Gr. | - | -20.8% | 30.9% | -13% | -38.6% | -20.3% | 14.7% | 0.6% | 15.5% | 14.5% | - |
| Adj EPS ⓘ | -2 | -0.5 | -0.4 | 0.2 | -9.8 | -2.3 | -0.8 | -0.1 | 0.1 | 1.3 | 0.7 |
| YoY Gr. | - | NA | NA | NA | -4347.8% | NA | NA | NA | NA | 2033.3% | - |
| BVPS (₹) ⓘ | 16.4 | 14.7 | 14.3 | 15.1 | 5 | 2.7 | 2 | 2 | 2.3 | 4.1 | 3.2 |
| Adj Net Profit ⓘ | -2.8 | -0.7 | -0.6 | 0.3 | -14.2 | -3.3 | -1.1 | -0.2 | 0.1 | 1.9 | 1 |
| Cash Flow from Ops. ⓘ | 4.1 | 2.8 | 5.4 | 4.4 | -0.8 | 1.2 | 1 | -0.7 | 1.6 | 4 | - |
| Debt/CF from Ops. ⓘ | 5 | 5.1 | 2.5 | 2.2 | -12.4 | 7.9 | 10 | -14.8 | 5.6 | 1.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -4.3% | 4% | 10% | 14.5% | ||||
| Adj EPS ⓘ | NA | NA | NA | 2033.3% | ||||
| BVPSⓘ | -14.4% | -4% | 25.7% | 78.4% | ||||
| Share Price | 5.5% | 43.1% | 62.8% | 299.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -11 | -3.3 | -2.7 | 1.6 | -97.6 | -60.4 | -33.2 | -5.9 | 2.9 | 40.7 | 19 |
| Op. Profit Mgn % ⓘ | 9.2 | 17 | 16.8 | 11.7 | -128.1 | -21.9 | -3.8 | -12.4 | 4.4 | 16.2 | 4.2 |
| Net Profit Mgn % ⓘ | -15.3 | -5 | -2.9 | 2 | -138.7 | -41 | -12.2 | -1.8 | 0.8 | 15 | 8.2 |
| Debt to Equity ⓘ | 0.9 | 0.7 | 0.6 | 0.5 | 1.4 | 2.4 | 3.3 | 3.6 | 2.7 | 0.9 | 0.6 |
| Working Cap Days ⓘ | 636 | 701 | 500 | 554 | 660 | 520 | 425 | 434 | 381 | 326 | 75 |
| Cash Conv. Cycle ⓘ | 348 | 356 | 217 | 237 | 210 | -33 | -129 | -110 | -66 | -69 | -59 |
Return on Equity has increased versus last 3 years average to 19.00%
Debt to equity has declined versus last 3 years average to 0.92
Sales growth has been subdued in last 3 years 10.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -0.87%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.7 | 1.8 |
| TTM Sales (₹ Cr.) | 12.2 | 45.9 |
| BVPS (₹.) ⓘ | 3.2 | 0 |
| Reserves (₹ Cr.) ⓘ | -10 | 29 |
| P/BV ⓘ | 6.89 | 0.00 |
| PE ⓘ | 32.24 | 12.36 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 5.83 / 29.03 |
| All Time Low / High (₹) | 0.88 / 81.75 |
| Market Cap (₹ Cr.) | 32.2 |
| Equity (₹ Cr.) | 14.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 8.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 18.44 | 14.60 | 19.11 | 16.62 | 10.21 | 8.14 | 9.34 | 9.40 | 10.86 | 12.43 |
| Operating Expenses ⓘ | 17.63 | 12.66 | 15.90 | 14.86 | 23.99 | 9.93 | 9.69 | 10.57 | 10.68 | 10.41 |
| Manufacturing Costs | 8.83 | 6.01 | 8.89 | 9.10 | 7.30 | 5.39 | 4.87 | 6.29 | 7.63 | 6.92 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 1.78 | 1.90 | 1.55 | 1.92 | 1.53 | 1.32 | 0.90 | 0.82 | 1.27 | 1.33 |
| Other Costs ⓘ | 7.02 | 4.75 | 5.45 | 3.84 | 15.16 | 3.21 | 3.91 | 3.46 | 1.78 | 2.16 |
| Operating Profit ⓘ | 0.81 | 1.94 | 3.21 | 1.77 | -13.78 | -1.78 | -0.35 | -1.16 | 0.19 | 2.01 |
| Operating Profit Margin (%) | 4.4% | 13.3% | 16.8% | 10.6% | -134.0% | -21.9% | -3.7% | -12.4% | 1.7% | 16.2% |
| Other Income ⓘ | 1.78 | 0.21 | 0.11 | 1.38 | 0.95 | 0.29 | 0.47 | 2.25 | 1.25 | 1.46 |
| Interest ⓘ | 2.44 | 1.48 | 1.21 | 1.04 | 0.67 | 0.74 | 0.66 | 0.47 | 0.47 | 0.57 |
| Depreciation ⓘ | 3.90 | 2.94 | 2.10 | 1.83 | 1.31 | 0.99 | 0.86 | 0.77 | 0.61 | 0.46 |
| Exceptional Items ⓘ | 0 | -2.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -3.75 | -4.30 | 0.01 | 0.27 | -14.81 | -3.23 | -1.40 | -0.15 | 0.35 | 2.45 |
| Tax ⓘ | -0.31 | -1.78 | 0.56 | -0.82 | -0.17 | 0.08 | -0.26 | -0.07 | -0.05 | -0.13 |
| Profit After Tax | -3.44 | -2.52 | -0.55 | 1.10 | -14.65 | -3.31 | -1.13 | -0.08 | 0.41 | 2.59 |
| PAT Margin (%) | -18.7% | -17.3% | -2.9% | 6.6% | -143.0% | -40.7% | -12.2% | -0.9% | 3.8% | 20.8% |
| Adjusted EPS (₹) | -2.4 | -1.7 | -0.4 | 0.8 | -10.1 | -2.3 | -0.8 | -0.1 | 0.3 | 1.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 23.78 | 21.26 | 20.74 | 21.83 | 7.18 | 3.87 | 2.96 | 2.88 | 3.28 | 5.87 |
| Share Capital ⓘ | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 |
| Reserves ⓘ | 9.29 | 6.77 | 6.24 | 7.34 | -7.31 | -10.62 | -11.53 | -11.62 | -11.21 | -8.62 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 13.20 | 13.46 | 12.65 | 9.31 | 9.65 | 8.86 | 9.39 | 10.46 | 8.99 | 5.39 |
| Long Term Debt | 2.43 | 0.70 | 7.93 | 4.81 | 4.89 | 4.72 | 4.92 | 7.13 | 6.86 | 3.22 |
| Short Term Debt | 10.77 | 12.76 | 4.72 | 4.50 | 4.76 | 4.14 | 4.47 | 3.33 | 2.13 | 2.17 |
| Trade Payables | 3.46 | 3.42 | 4.62 | 4.29 | 3.41 | 3.58 | 4.01 | 3.48 | 3.14 | 3.03 |
| Others Liabilities ⓘ | 14.97 | 5.89 | 4.31 | 3.62 | 3.27 | 4.40 | 3.85 | 3.10 | 4.01 | 4.32 |
| Total Liabilities ⓘ | 55.41 | 44.03 | 42.31 | 39.05 | 23.52 | 20.72 | 20.21 | 19.91 | 19.42 | 18.60 |
Fixed Assets | ||||||||||
| Gross Block | 69.65 | 57.55 | 57.29 | 56.55 | 45.85 | 45.85 | 45.87 | 45.43 | 40.66 | 40.34 |
| Accumulated Depreciation | 48.69 | 42.32 | 43.95 | 45.08 | 37.12 | 38.11 | 38.97 | 39.32 | 35.51 | 35.62 |
| Net Fixed Assetsⓘ | 20.96 | 15.23 | 13.34 | 11.47 | 8.73 | 7.73 | 6.90 | 6.11 | 5.15 | 4.72 |
| CWIP ⓘ | 4.08 | 2.08 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 |
| Investmentsⓘ | 0.07 | 0.07 | 0.11 | 0.11 | 0.04 | 0.03 | 0.03 | 0.04 | 0.50 | 0.51 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 20.17 | 17.41 | 16.99 | 15.47 | 3.31 | 1.93 | 1.16 | 1.32 | 2.23 | 1.77 |
| Cash Equivalents | 0.58 | 0.27 | 0.80 | 0.83 | 0.23 | 0.06 | 0.22 | 0.27 | 0.37 | 0.36 |
| Others Assetsⓘ | 9.55 | 8.96 | 8.97 | 9.07 | 9.10 | 8.86 | 9.79 | 10.07 | 9.07 | 9.14 |
| Total Assets ⓘ | 55.41 | 44.03 | 42.31 | 39.05 | 23.52 | 20.72 | 20.21 | 19.91 | 19.42 | 18.60 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4.08 | 2.80 | 5.38 | 4.42 | -0.80 | 1.16 | 0.96 | -0.71 | 1.59 | 3.97 |
| PBT ⓘ | -3.75 | -0.26 | 0.01 | 0.27 | -14.81 | -3.23 | -1.40 | -0.08 | 0.35 | 2.45 |
| Adjustment ⓘ | 9.37 | 7.26 | 6.45 | 4.78 | 13.26 | 2.20 | 2.76 | -0.80 | 0.47 | 1.22 |
| Changes in Working Capital ⓘ | 0.56 | -4.2 | -1.29 | -0.88 | 0.96 | 2.32 | -0.32 | 0.3 | 0.77 | 0.3 |
| Tax Paid ⓘ | 0 | 0 | 0.20 | 0.25 | -0.20 | -0.13 | -0.09 | -0.13 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.44 | 4.30 | -0.12 | -0.02 | 0.81 | 0.19 | 0 | 0.15 | 0.37 | 0.06 |
| Capex | -0.45 | 4.24 | -0.21 | -0.08 | 0.73 | 0 | -0.03 | 0.14 | 0.35 | 0.03 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.01 | 0.06 | 0.09 | 0.06 | 0.08 | 0.19 | 0.02 | 0.01 | 0.02 | 0.03 |
| Cash Flow From Financing Activityⓘ | -3.38 | -7.40 | -4.73 | -4.38 | -0.61 | -1.52 | -0.79 | 0.60 | -1.87 | -4.03 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -1.62 | -3.09 | 0.08 | -0.17 | 0.20 | 2.21 | 1.05 | -3.40 |
| Interest Paid ⓘ | 0 | -1.55 | -3.59 | -1.08 | -0.67 | -0.75 | -0.66 | -0.47 | -0.39 | -0.57 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -3.38 | -5.86 | 0.47 | -0.21 | -0.02 | -0.61 | -0.33 | -1.14 | -2.52 | -0.06 |
| Net Cash Flow ⓘ | 0.25 | -0.31 | 0.53 | 0.02 | -0.60 | -0.18 | 0.17 | 0.04 | 0.10 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -13.47 | -11.2 | -2.62 | 5.15 | -100.97 | -59.95 | -33.22 | -2.91 | 13.25 | 56.49 |
| ROCE (%) | -2.76 | -7.08 | 3.53 | 4.01 | -57.92 | -16.52 | -5.74 | 2.44 | 6.4 | 25.7 |
| Asset Turnover Ratio | 0.31 | 0.29 | 0.44 | 0.41 | 0.33 | 0.37 | 0.46 | 0.47 | 0.55 | 0.65 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 4.02 | N/A | N/A | N/A | N/A | 3.88 | 1.53 | Working Capital Days |
| Receivable Days | 450 | 470 | 328 | 356 | 336 | 117 | 60 | 48 | 60 | 59 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SKS Logistics Ltd. owns a fleet of 30 vessels as of March 2009. Established in 1985 as a partnership firm, the company went public in the year 1990. SKS Logistics is a public limited company mainly engaged in barge operations and port-related activities since its inception.
The company is operating on the west & east coasts of India and is actively involved in port operations such as bunker distribution, transportation of petroleum products & other general cargo and also mooring & unmooring operations.
The company has grown many folds. Recently the company has established a three storeyed building at Navi Mumbai which is being used as corporate office. The head office is located at South Mumbai business centre and its branch offices at Goa, Surat, Jamnagar, Calcutta, Haldia, Kandla, Dharamtar, Surat etc. and associates in Vishakhapatnam, Cochin & Tuticorin. The company has overseas associates in Singapore & Persian Gulf.
At Mumbai it is handling the complex operation of complete fuel oil distribution of Hindustan Petroleum Corporation for O.N.G.C. under the supervision of their experienced and qualified personnel. On an average they supply fuel to 30 vessels per month at the Nhava jetty. The volume handled per year is on an average 60,000 tons. In addition to the above, it is also having bunkering contract with Indian Oil Corporation of India and it transports & distributes 0.5 million tons of liquid cargo in a year.
In collaboration with Hindustan Petroleum Corporation Ltd., for the first time in India, it has a Floating Fuel Supply Unit commissioned in Mumbai Harbour to meet the fuel requirements of fishing industry and vessels operating in the Mumbai Port area. On an average, it supplies fuel to over 500 trawlers and crafts in a month. This is a unique experiment on Indian ports which is proving very successful.
Besides this, the company is extensively involved in transportation of bulk cargo and containers. In fact, SKS Logistics Ltd. is a pioneer in transhipment in India.
Services offered by the company:
Achievements/ recognition:-
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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