Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shreyas Shipping & Logistics Ltd

Basic Stock Data

Last Updated: June 17, 2024, 8:14 pm

Market Cap 762 Cr.
Current Price 347
High / Low506/230
Stock P/E
Book Value 349
Dividend Yield0.43 %
ROCE0.80 %
ROE6.40 %
Face Value 10.0
PEG Ratio0.00

Competitors of Shreyas Shipping & Logistics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shipping Corporation of India Ltd 12,351 Cr. 265291/96.818.2 1620.17 %8.18 %9.40 % 10.0
SEAMEC Ltd 2,889 Cr. 1,1361,240/60724.1 3580.09 %12.6 %14.1 % 10.0
Essar Shipping Ltd 925 Cr. 44.748.0/10.2 1360.00 %151 %% 10.0
Great Eastern Shipping Company Ltd (GESHIP) 17,358 Cr. 1,2161,241/6926.64 8682.37 %20.2 %23.1 % 10.0
Chowgule Steamships Ltd 109 Cr. 29.936.5/13.1310 15.70.00 %3.05 %% 10.0
Industry Average6,726.40 Cr538.3271.79307.940.53%39.01%9.32%10.00

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales168.11189.1575.34119.68151.61150.14137.62114.9381.0970.6850.3371.7689.62
Expenses140.15143.2941.4552.9866.8164.5964.0153.9055.1763.3159.1464.7971.29
Operating Profit27.9645.8633.8966.7084.8085.5573.6161.0325.927.37-8.816.9718.33
OPM %16.63%24.25%44.98%55.73%55.93%56.98%53.49%53.10%31.96%10.43%-17.50%9.71%20.45%
Other Income10.3715.871.732.05-1.501.141.883.0013.1722.852.912.5817.15
Interest3.613.172.002.874.014.214.144.615.469.499.519.348.90
Depreciation1.315.203.705.714.578.4910.5413.6714.8018.5018.9618.9323.26
Profit before tax33.4153.3629.9260.1774.7273.9960.8145.7518.832.23-34.37-18.723.32
Tax %5.78%11.30%1.60%0.95%0.03%0.58%0.87%1.62%4.14%41.26%-2.47%-4.06%28.31%
Net Profit31.4847.3329.4459.6074.7073.5660.2845.0118.051.31-35.22-19.482.38
EPS in Rs14.3421.5613.4127.1434.0233.5027.4520.508.220.60-16.04-8.871.08

Last Updated: June 10, 2024, 2:01 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 3:10 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales389487546596718541625612560536484282
Expenses347441424518651428558578496305238259
Operating Profit4246122786711367346423124624
OPM %11%9%22%13%9%21%11%6%11%43%51%8%
Other Income2-18-345107153-8215181945
Interest101210121513191917121837
Depreciation161811192119211815194880
Profit before tax18-167511389630-8547218199-48
Tax %13%-198%8%4%23%4%1%22%7%3%1%-7%
Net Profit15-562501069230-6644211197-51
EPS in Rs7.01-2.0927.9522.4048.3141.9213.56-30.1220.1696.1389.67-23.23
Dividend Payout %9%-286%7%6%2%4%9%0%10%3%2%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-133.33%1340.00%-19.35%112.00%-13.21%-67.39%-320.00%166.67%379.55%-6.64%-125.89%
Change in YoY Net Profit Growth (%)0.00%1473.33%-1359.35%131.35%-125.21%-54.18%-252.61%486.67%212.88%-386.18%-119.25%

Growth

Compounded Sales Growth
10 Years:-5%
5 Years:-15%
3 Years:-20%
TTM:-42%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-128%
Stock Price CAGR
10 Years:24%
5 Years:19%
3 Years:25%
1 Year:4%
Return on Equity
10 Years:16%
5 Years:14%
3 Years:17%
Last Year:-6%

Last Updated: June 18, 2024, 11:04 am

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

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

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-91.00-75.000.00-127.00-109.00-149.00-232.00-232.00-138.00-4.00-252.00-381.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters68.94%68.94%68.94%70.99%70.99%70.43%70.43%70.43%70.43%70.43%70.43%70.43%
FIIs0.25%0.40%0.52%0.81%0.86%0.92%0.55%0.34%0.17%0.10%0.10%0.01%
DIIs0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public30.81%30.66%30.53%28.20%28.15%28.64%29.01%29.22%29.39%29.45%29.46%29.54%
No. of Shareholders15,57615,20718,68417,21416,84118,26119,25519,15918,11514,39616,61716,399

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-23.2389.6696.1220.16-30.12
Diluted EPS (Rs.)-23.2389.6696.1220.16-30.12
Cash EPS (Rs.)13.04111.29102.0123.09-18.03
Book Value[Excl.RevalReserv]/Share (Rs.)349.06372.85286.57192.20168.66
Book Value[Incl.RevalReserv]/Share (Rs.)349.06372.85286.57192.20168.66
Revenue From Operations / Share (Rs.)128.59220.30243.98255.00278.90
PBDIT / Share (Rs.)31.73120.81107.8131.1021.18
PBIT / Share (Rs.)-4.5499.1899.0824.2713.02
PBT / Share (Rs.)-21.6590.7996.5117.68-34.82
Net Profit / Share (Rs.)-23.2389.6693.2716.25-26.19
NP After MI And SOA / Share (Rs.)-23.2389.6696.1120.16-30.12
PBDIT Margin (%)24.6754.8344.1812.197.59
PBIT Margin (%)-3.5345.0240.609.514.66
PBT Margin (%)-16.8341.2139.556.93-12.48
Net Profit Margin (%)-18.0640.7038.236.37-9.39
NP After MI And SOA Margin (%)-18.0640.7039.397.90-10.79
Return on Networth / Equity (%)-6.6524.0433.5410.48-17.85
Return on Capital Employeed (%)-0.9217.9426.9210.255.83
Return On Assets (%)-4.0914.5023.106.32-9.13
Long Term Debt / Equity (X)0.400.470.280.200.29
Total Debt / Equity (X)0.520.600.370.370.51
Asset Turnover Ratio (%)0.210.420.630.810.79
Current Ratio (X)1.321.182.331.331.01
Quick Ratio (X)1.251.052.261.190.95
Inventory Turnover Ratio (X)0.004.925.7510.7113.39
Dividend Payout Ratio (NP) (%)0.002.782.070.000.00
Dividend Payout Ratio (CP) (%)0.002.241.900.000.00
Earning Retention Ratio (%)0.0097.2297.930.000.00
Cash Earning Retention Ratio (%)0.0097.7698.100.000.00
Interest Coverage Ratio (X)1.8714.4019.654.102.39
Interest Coverage Ratio (Post Tax) (X)-0.3611.6917.473.012.44
Enterprise Value (Cr.)957.22994.90990.19306.07261.15
EV / Net Operating Revenue (X)3.392.061.850.540.42
EV / EBITDA (X)13.743.754.184.485.62
MarketCap / Net Operating Revenue (X)2.021.081.530.270.13
Retention Ratios (%)0.0097.2197.920.000.00
Price / BV (X)0.740.631.300.360.23
Price / Net Operating Revenue (X)2.021.081.530.270.13
EarningsYield-0.080.370.250.28-0.77

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 336.48

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 3.03% compared to the current price 347

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 508.60

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 46.57% compared to the current price ₹347

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 51.15%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (388.92 cr) compared to borrowings (243.67 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (531.33 cr) and profit (60.83 cr) over the years.
  1. The stock has a low average ROCE of 14.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 48.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 49.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Shreyas Shipping & Logistics Ltd:
    1. Net Profit Margin: -18.06%
      • 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: -0.92% (Industry Average ROCE: %)
      • 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. ROE%: -6.65% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -0.36
      • 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.
    5. Quick Ratio: 1.25
      • 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.
    6. ✗ Stock P/E: (Industry average Stock P/E: )
      • 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.
    7. Total Debt / Equity: 0.52
      • 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.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

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

FAQ

What is the latest fair value of Shreyas Shipping & Logistics Ltd?

The latest fair value of Shreyas Shipping & Logistics Ltd is ₹336.48.

What is the Market Cap of Shreyas Shipping & Logistics Ltd?

The Market Cap of Shreyas Shipping & Logistics Ltd is 762 Cr..

What is the current Stock Price of Shreyas Shipping & Logistics Ltd as on 23 June 2024?

The current stock price of Shreyas Shipping & Logistics Ltd as on 23 June 2024 is ₹347.

What is the High / Low of Shreyas Shipping & Logistics Ltd stocks in FY 2024?

In FY 2024, the High / Low of Shreyas Shipping & Logistics Ltd stocks is 506/230.

What is the Stock P/E of Shreyas Shipping & Logistics Ltd?

The Stock P/E of Shreyas Shipping & Logistics Ltd is .

What is the Book Value of Shreyas Shipping & Logistics Ltd?

The Book Value of Shreyas Shipping & Logistics Ltd is 349.

What is the Dividend Yield of Shreyas Shipping & Logistics Ltd?

The Dividend Yield of Shreyas Shipping & Logistics Ltd is 0.43 %.

What is the ROCE of Shreyas Shipping & Logistics Ltd?

The ROCE of Shreyas Shipping & Logistics Ltd is 0.80 %.

What is the ROE of Shreyas Shipping & Logistics Ltd?

The ROE of Shreyas Shipping & Logistics Ltd is 6.40 %.

What is the Face Value of Shreyas Shipping & Logistics Ltd?

The Face Value of Shreyas Shipping & Logistics Ltd is 10.0.

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