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INVESTMENT INSIGHTS

Check Before You Invest : Shahi Shipping Ltd

BSE: 526508 NSE: ISIN: INE825D01016
  |   Sector:  Transportation & Logistics   |   Industry:  Shipping

Snapshot

Q.1 Which industry/sub-sector does Shahi Shipping Ltd belong to?
Shahi Shipping Ltd belongs to the Transportation & Logistics sector, operating specifically within the Shipping segment.
Q.2 Is Shahi Shipping Ltd a good quality company?
Shahi Shipping Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Shahi Shipping Ltd undervalued or overvalued?
Shahi Shipping Ltd appears Overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios Current 5-year
Historic Median
Price to Earnings - -
Price to Book 16.57 2.97
Price to Sales 2.44 0.92
EV to EBITDA 131.57 14.63
Q.4 Is Shahi Shipping Ltd a good buy now?
Shahi Shipping Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Shahi Shipping Ltd?
Shahi Shipping Ltd revenue growth is -14.9% for FY-2025, which is below its 5-year CAGR of 5.38%, indicating slower growth.

Q.2 Gross Profit margin of Shahi Shipping Ltd?
Shahi Shipping Ltd Gross profit margin which is the profit after deduction of direct costs, is 23.8% for FY-2025, which is above its 5-year median of 8.9%, indicating increasing margins.

Q.3 Operating Profit Margin of Shahi Shipping Ltd?
Shahi Shipping Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 22.64% for FY-2025, which is above its 5-year median of 4.44% indicating increasing margins.

Q.4 Net Profit Margin of Shahi Shipping Ltd?
Shahi Shipping Ltd Net Profit Margin is -33.71% for FY-2025, is below its 5-year median of -0.9%, indicating decreasing margins.
Current Level 5-year
Historic Median
Gross Profit Margin (%) 23.8 8.9
Operating Profit Margin (%) 22.64 4.44
Net Profit Margin (%) -33.71 -0.9

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Shahi Shipping Ltd?
Shahi Shipping Ltd Return on Asset is -23.04%, which is below its 5-year historical median of -0.42%, indicating deteriorated asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Shahi Shipping Ltd?
Shahi Shipping Ltd Return on capital employed is -30.93% for FY-2025, which is below its 5-year historical median of 2.44%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 14%, indicating value preservation.

Q.7 Return on Equity (ROE) of Shahi Shipping Ltd?
Shahi Shipping Ltd Return on equity is -87.26% for FY-2025, which is below its 5-year historical median of -2.91%, indicating the business is making worse use of its shareholders capital.

Q.8 Cash conversion cycle of Shahi Shipping Ltd?
Shahi Shipping Ltd Cash conversion cycle is -42 days, above its 5-year historical median of -69 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.
Current Level 5-year
Historic Median
Asset Turnover (x) 0.68 0.55
ROE (%) -87.26 -2.91
ROCE (%) -30.93 2.44
Cash Conversion Cycle -42 days -69 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Shahi Shipping Ltd?
Shahi Shipping Ltd Debt-to-Equity ratio is 2.69, which is above the industry average of 0.30, indicating higher debt levels in the industry.

Q.10 Debt to cash flow from operations of Shahi Shipping Ltd?
Shahi Shipping Ltd Debt to cash flow from operations is 2.24, which is at a moderate level.

Ownership & governance

D: Promoter shareholding and pledge status of Shahi Shipping Ltd?

Q.1 Promoter shareholding and pledge status of Shahi Shipping Ltd?
Promoters hold 50.00% of the Shahi Shipping Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Shahi Shipping Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Shahi Shipping Ltd vs industry peers?
Shahi Shipping Ltd revenue CAGR is 5.38%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Profit Metrics
Current Level 5-year
Industry Median
Revenue Growth (%) -14.9 -
Gross Profit Growth (%) -13.4 11.7
Operating Profit Growth (%) 19.4 9.1
Net Profit Growth (%) -237.8 20.5
Operating Efficiency
Current Level 5-year
Industry Median
Asset Turnover (x) 0.68 0.43
ROE (%) -87.26 8.41
ROCE (%) -30.93 9.37
Cash Conversion Cycle (days) -41.67 -

Valuation & price assessment

Q.1 Stock return of Shahi Shipping Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.2% based on the current price.
9Y 5Y 3Y 1Y
Share Price
CAGR		 3.2% 18.3% 43.1% -14.7%
Q.2 Valuation ratios of Shahi Shipping Ltd vs historical?
The current P/E ratio of 0 is in line with than its historical median of , indicating that the stock is trading near its historical average valuation.
Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?
Valuation Ratios Current 5-year
Historic Median		 5-year
Industry Median
Price to Earnings - - 16.36
Price to Book 16.57 2.97 1.37
Price to Sales 2.44 0.92 2.56
EV to EBITDA 131.57 14.63 13.27

Check more companies

1. GE Shipping
2. Shipping Corpn.
3. Shreeji Ship.Global
4. Seamec
5. Dredging Corp
6. Ship.Corp.(I) Land
7. ABS Marine Services
8. Essar Shipping
9. Transworld Shipping
10. Sadhav Shipping

Check trending companies

1. Niva Bupa Health Insurance Company Ltd.
2. Jupiter Wagons Ltd.
3. Cochin Shipyard Ltd.
4. Bharat Petroleum Corporation Ltd.
5. Zydus Lifesciences Ltd.
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