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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shreyas Shipping & Logistics Ltd

About the Company - Shreyas Shipping & Logistics Ltd

Shreyas Shipping & Logistics Ltd. is a Public Limited Listed company incorporated on 16/08/1988 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L63000MH1988PLC048500 and registration number is 048500. Currently Company is involved in the business activities of Sea and coastal freight water transport. Company’s Total Operating Revenue is Rs. 513.59 Cr. and Equity Capital is Rs. 21.96 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
ShippingD 301-305, Level 3, Tower - II, New Mumbai Maharashtra 400706investor.ssll@transworld.com
http://www.transworld.com
Management
NamePosition Held
Mr. Ramakrishnan Sivaswamy IyerExe.Chairman & W T D
Capt. Milind PatankarManaging Director
Ms. Anisha RamakrishnanNon Exe.Non Ind.Director
Mr. Ratnagiri Sivaram KrishnanIndependent Director
Mr. Deepak ShettyIndependent Director
Capt. Manmohan SaggiIndependent Director
Ms. Maya SinhaIndependent Director
Mr. Ajit George PaulIndependent Director

Shreyas Shipping & Logistics Ltd. Share Price Update

Share PriceValue
Today₹286.00
Previous Day₹289.95

Basic Stock Data of Shreyas Shipping & Logistics Ltd

Market Cap 589 Cr.
Current Price 268
High / Low506/212
Stock P/E
Book Value 357
Dividend Yield0.55 %
ROCE18.8 %
ROE25.4 %
Face Value 10.0

Data Source: screener.in

Competitors of Shreyas Shipping & Logistics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shipping Corporation of India Ltd 10,914 Cr. 234291/79.214.5 1530.19 %10.5 %13.4 % 10.0
SEAMEC Ltd 2,898 Cr. 1,1401,240/56246.2 3150.09 %3.35 %3.72 % 10.0
Essar Shipping Ltd 606 Cr. 29.339.0/7.53 1300.00 %%% 10.0
Great Eastern Shipping Company Ltd (GESHIP) 14,342 Cr. 1,0051,044/5665.90 7812.87 %20.9 %26.8 % 10.0
Industry Average7,190.00 Cr602.0816.65344.750.79%8.69%10.98%10.00

Shreyas Shipping & Logistics Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales13714416818975120152150138115817150
Expenses122126140143415367656454556359
Operating Profit15182846346785867461267-9
OPM %11%12%17%24%45%56%56%57%53%53%32%10%-18%
Other Income45101622-212313233
Interest45432344455910
Depreciation551546581114151819
Profit before tax10143353306075746146192-34
Tax %2%8%6%11%2%1%0%1%1%2%4%41%-2%
Net Profit10133147296075746045181-35
EPS in Rs4.535.8014.3421.5613.4127.1434.0233.5027.4520.508.220.60-16.04

Shreyas Shipping & Logistics Ltd Quarterly Chart

Shreyas Shipping & Logistics Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales271389487546596718541625612560536484317
Expenses246347441424518651428558578496305238232
Operating Profit244246122786711367346423124686
OPM %9%11%9%22%13%9%21%11%6%11%43%51%27%
Other Income12-18-345107153-8215181942
Interest5101210121513191917121829
Depreciation14161811192119211815194866
Profit before tax718-167511389630-854721819932
Tax %17%13%-198%8%4%23%4%1%22%7%3%1%
Net Profit615-562501069230-664421119729
EPS in Rs2.567.01-2.0927.9522.4048.3141.9213.56-30.1220.1696.1389.6713.28
Dividend Payout %20%9%-286%7%6%2%4%9%0%10%3%2%

Shreyas Shipping & Logistics Ltd Profit & Loss Yearly Chart

Shreyas Shipping & Logistics Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:-2%
3 Years:-8%
TTM:-51%
Compounded Profit Growth
10 Years:28%
5 Years:14%
3 Years:118%
TTM:-114%
Stock Price CAGR
10 Years:30%
5 Years:7%
3 Years:52%
1 Year:11%
Return on Equity
10 Years:19%
5 Years:19%
3 Years:26%
Last Year:25%

Shreyas Shipping & Logistics Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital22222222222222222222222222
Reserves122130117173217311400422348400607797763
Borrowings84133121122205176262299266202235498444
Other Liabilities405672669492961108876494040
Total Liabilities2683413323835376027818537257009141,3571,269
Fixed Assets1862392081962882633844094003746401,043990
CWIP0000000310003
Investments11033366181177162576426764
Other Assets71102121154184158219278268262271247212
Total Assets2683413323835376027818537257009141,3571,269

Shreyas Shipping & Logistics Ltd Reserves and Borrowings Chart

Shreyas Shipping & Logistics Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 19156179542959595858118231
Cash from Investing Activity -20-6910-57-125-12-124-56613-79-498
Cash from Financing Activity 1737-31-1162-1463-2-67-6915227
Net Cash Flow17-174111-93-32-3255-40

Shreyas Shipping & Logistics Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days4648415571469587928485
Inventory Days40
Days Payable122
Cash Conversion Cycle46484155-12469587928485
Working Capital Days821113539245564411109079
ROCE %5%10%10%38%15%10%19%7%3%10%30%19%

Shreyas Shipping & Logistics Ltd Financial Efficiency Indicators Chart

Shreyas Shipping & Logistics Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters68.94%68.94%68.94%68.94%70.99%70.99%70.43%70.43%70.43%70.43%70.43%70.43%
FIIs0.00%0.25%0.40%0.52%0.81%0.86%0.92%0.55%0.34%0.17%0.10%0.10%
DIIs0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public31.06%30.81%30.66%30.53%28.20%28.15%28.64%29.01%29.22%29.39%29.45%29.46%
No. of Shareholders12,95915,57615,20718,68417,21416,84118,26119,25519,15918,11514,39616,617

Shreyas Shipping & Logistics Ltd Shareholding Pattern Chart

No. of Shreyas Shipping & Logistics Ltd Shareholders

This stock is not held by any mutual fund

Shreyas Shipping & Logistics Ltd ROCE Trend

Shreyas Shipping & Logistics Ltd EPS Trend

Shreyas Shipping & Logistics Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)89.6696.1220.16-30.1213.56
Diluted EPS (Rs.)89.6696.1220.16-30.1213.56
Cash EPS (Rs.)111.29102.0123.09-18.0324.73
Book Value[Excl.RevalReserv]/Share (Rs.)372.85286.57192.20168.66202.09
Book Value[Incl.RevalReserv]/Share (Rs.)372.85286.57192.20168.66202.09
Revenue From Operations / Share (Rs.)220.30243.98255.00278.90284.51
PBDIT / Share (Rs.)120.81107.8131.1021.1833.08
PBIT / Share (Rs.)99.1899.0824.2713.0223.58
PBT / Share (Rs.)90.7996.5117.68-34.8215.39
Net Profit / Share (Rs.)89.6693.2716.25-26.1915.23
NP After MI And SOA / Share (Rs.)89.6696.1120.16-30.1213.56
PBDIT Margin (%)54.8344.1812.197.5911.62
PBIT Margin (%)45.0240.609.514.668.28
PBT Margin (%)41.2139.556.93-12.485.40
Net Profit Margin (%)40.7038.236.37-9.395.35
NP After MI And SOA Margin (%)40.7039.397.90-10.794.76
Return on Networth / Equity (%)24.0433.5410.48-17.856.70
Return on Capital Employeed (%)17.9426.9210.255.838.02
Return On Assets (%)14.5023.106.32-9.133.49
Long Term Debt / Equity (X)0.470.280.200.290.38
Total Debt / Equity (X)0.600.370.370.510.55
Asset Turnover Ratio (%)0.420.630.810.790.83
Current Ratio (X)1.182.331.331.011.22
Quick Ratio (X)1.052.261.190.951.11
Inventory Turnover Ratio (X)4.925.7510.7113.399.40
Dividend Payout Ratio (NP) (%)2.782.070.000.0013.30
Dividend Payout Ratio (CP) (%)2.241.900.000.007.81
Earning Retention Ratio (%)97.2297.930.000.0086.70
Cash Earning Retention Ratio (%)97.7698.100.000.0092.19
Interest Coverage Ratio (X)14.4019.654.102.393.84
Interest Coverage Ratio (Post Tax) (X)11.6917.473.012.442.72
Enterprise Value (Cr.)994.90990.19306.07261.15683.66
EV / Net Operating Revenue (X)2.061.850.540.421.09
EV / EBITDA (X)3.754.184.485.629.41
MarketCap / Net Operating Revenue (X)1.081.530.270.130.71
Retention Ratios (%)97.2197.920.000.0086.69
Price / BV (X)0.631.300.360.231.00
Price / Net Operating Revenue (X)1.081.530.270.130.71
EarningsYield0.370.250.28-0.770.06

Shreyas Shipping & Logistics Ltd Profitability Ratios (%)

Shreyas Shipping & Logistics Ltd Liquidity Ratios

Shreyas Shipping & Logistics Ltd Liquidity Ratios (%)

Shreyas Shipping & Logistics Ltd Interest Coverage Ratios (X)

Shreyas Shipping & Logistics Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shreyas Shipping & Logistics Ltd

Fair Value: ₹1367.65

The stock is undervalued by 410.32% compared to the current price ₹268

*Investments are subject to market risks

Strength and Weakness of Shreyas Shipping & Logistics Ltd

StrengthWeakness
  1. The company has higher reserves (369.77 cr) compared to borrowings (234.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (514.00 cr) and profit (62.85 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 51.83 and average Dividend Yield of 21.61%.
  2. The stock has a low average ROCE of 14.67%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 48.08, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 49.58, which may not be favorable.

Should I Buy Shreyas Shipping & Logistics Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in Shreyas Shipping & Logistics Ltd:
    1. Net Profit Margin: 40.70% (Higher values are generally favorable)
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.94% (Industry Average ROCE: 8.69%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 11.69 (Higher values, preferably > 2, are recommended)
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.05 (Higher values, preferably > 1, are recommended)
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 16.13)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.60 (Lower values, preferably < 1, are preferred)
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shreyas Shipping & Logistics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE