Shreyas Shipping & Logistics Ltd Stock Analysis

BSE: 520151 | NSE: SHREYAS | Shipping | Small Cap

BSE Share Price 03-Feb-2023 18:01
273.35 1.50 (0.55%)

DeciZen - Make an Informed Decision on Shreyas Shipping

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Shreyas Shipping Price Chart

P/E Ratio ( SA) :
2.24
Market Cap :
600.2 Cr.
52-wk low :
265
52-wk high :
429.5
Bole Toh?

1. Is Shreyas Shipping & Logistics Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shreyas Shipping & Logistics Ltd is a average quality company.

2. Is Shreyas Shipping & Logistics Ltd undervalued or overvalued?

The key valuation ratios of Shreyas Shipping & Logistics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Shreyas Shipping & Logistics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shreyas Shipping & Logistics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shreyas Shipping:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shreyas Shipping & Logistics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.2%4.7%30.5%16.1%6.6%18.4%7.7%4.3%8%29.2%-
Value Creation Index -0.5-0.71.20.2-0.50.3-0.5-0.7-0.41.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 204248291313370541625612560514559
YoY Gr. Rt. %-21.5%17.2%7.7%18.3%46%15.6%-2%-8.6%-8.3%-
Adj EPS 5.42.533.221.78.837.315.35.816.392.5122.1
YoY Gr. Rt. %--54.3%1244.9%-34.7%-59.3%322.6%-59.1%-61.8%180.1%466.4%-
BVPS (₹) 66.459.882.5102.5106.7142.3152.9152.6173.5286.6344.9
Adj Net Profit 11.95.472.947.619.481.833.512.835.9203268
Cash Flow from Ops. 33.234.36560.41.258.659.357.658.1113-
Debt/CF from Ops. 3.12.81.52.7150.44.55.14.63.52.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.8%6.8%-6.3%-8.3%
Adj EPS 37.1%60%82.3%466.4%
BVPS 17.721.923.365.2
Share Price 25.6% -12.3% 49.8% -1.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 8.13.846.223.38.429.910.33.81040.238.7
Op. Profit Mgn % 15.713.733.42313.820.711.48.111.543.855.5
Net Profit Mgn % 5.82.225.115.25.215.15.42.16.439.548
Debt to Equity 0.70.70.60.70.80.80.90.80.50.40.2
Working Cap Days 848187109124121140155164163143
Cash Conv. Cycle 2421365756536162661174

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 38.70%

Net Profit is growing at healthy rate in last 3 years 82.33%

Debt to equity has declined versus last 3 years average to 0.37

Sales growth is good in last 4 quarters at 11.49%

Sales growth has been subdued in last 3 years -6.32%

Latest Financials - Shreyas Shipping & Logistics Ltd.

Standalone Consolidated
TTM EPS (₹) 122.1 122.1
TTM Sales (₹ Cr.) 559 559
BVPS (₹.) 344.9 344.9
Reserves (₹ Cr.) 735 735
P/BV 0.79 0.80
PE 2.24 2.26
From the Market
52 Week Low / High (₹) 264.95 / 429.45
All Time Low / High (₹) 2.55 / 839.50
Market Cap (₹ Cr.) 600
Equity (₹ Cr.) 22
Face Value (₹) 10
Industry PE 5.9

Management X-Ray of Shreyas Shipping :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shreyas Shipping

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Shreyas Shipping & Logistics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shreyas Shipping on 03-Feb-2023 18:01 is : 273.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Feb-2023 18:01 the market cap of Shreyas Shipping stood at ₹ 600.2.
The latest PE ratio of Shreyas Shipping as of 03-Feb-2023 18:01 is 2.24.
The latest PB ratio of Shreyas Shipping as of 03-Feb-2023 18:01 is 0.79
The 52-week high of Shreyas Shipping is ₹ 429.4 and the 52-week low is ₹ 264.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Shreyas Shipping is ₹ 559.0 ( Cr.) .

About Shreyas Shipping & Logistics Ltd

Shreyas Shipping & Logistics, a Transworld Group of company, was incorporated in the year 1988 as a private limited company primarily to own and operate vessels for feedering of containers between Indian ports and internationally renowned container transshipment ports.

The Transworld Group was established by R Sivaswamy. He developed a fascination with the sea and vowed that one day he would have a ship of his own. In 1977, he founded the Transworld Group and navigated it through its formative years, establishing it as a reputed shipping company in India and the Gulf. Today, the Transworld Group is expanding its businesses through innovations stemming form a global perspective.

The Group has a total of 25 years experience in the shipping industry. Shreyas Shipping & Logistics Ltd became first Indian private sector container feeder operator and first Indian shipping company to get ISO 9002 for container ship and feeder service management. The first and only operator on the containersed coastal shipping trade.

Subsequent to this, the promoters inducted the vessel M.V. Orient Triumph as part of their equity participation in the project. This vessel was registered in India on 27th January 1994 and thereafter taken under our service. This vessel was later renamed MV Orient Prosperity.

Due Growth in overall EXIM volumes, increase in size of main line feeder vessels/wider coverage of ports, growth of domestic cargo by sea, Shreyas Shipping growth plan incorporated in line with future growth of feeder as well as domestic cargo movement by sea. Shreyas vessel acquisition was made in line with the trade growth and requirement which is given as under:-

  • M.V.Orient Independence - Jan 1995
  • M.V.OEL Patriot - July 1997
  • M.V. OEL Strength June 2001
  • M.V.OEL Aishwarya - September 2002
  • M.V.OEL Victory - January 2005
  • M.V.PU Trusty - August 2006
  • M.V.Independent Spirit - December 2006

Containerization has emerged as an integral part of world trade and commerce, as it is an economical and efficient medium to facilitate the transportation of cargo between places. Due to this advantage, the concept of containerization has grown rapidly over the last decade all over the world including India . Further, with the series of liberalization measures taken by Government of India with particulars accent on exports, containerized trade has grown phenomenally in the recent past and shows positive signs of further growth.

Container feeder service covers carriage of containers of main line container operators from Indian ports to proximal well equipped international container transshipment terminals like Dubai, Korfakkan & Jebel Ali in UAE, Colombo & Singapore. Shreyas pioneered the concept of coastal feedering by connecting Kandla with JNPT and slowly connected all the ports on the west coast of India and established the feeder operation between two Indian ports. Shreyas pioneered the concept of domestic cargo movement by sea between Kandla/Pipavav and south Indian ports like Cochin and Tuticorin.

Main lines operating global container liner services in today's context rely exclusively on feeder container ships for connectivity of their containers to and from their vessels to all ports. As only few Indian terminals provides the facilities for operating main line vessels hence all other ports need assistance of feeder vessels to carry out the containerized trade.

The customers for feeder service are the main line operators and their basis of selection of a feeder operator hinges on factors such as frequency of sailings, experience of feeder operator suitability of their vessels, and their integrity and consistency of operations. Shreyas being pioneers in feeder service in the Indian subcontinent enjoys excellent rapport with almost all main line Ooperators in India .

Business area of the company:

The service activity of Shreyas Shipping & Logistics consists of following:-

  • Common Feeder Carrier
  • Domestic Logistic Service by Sea Mode
  • Regional Services
  • Chartering

Subsidiary:

Shreyas Relay Systems Limited (SRSL) is the wholly owned subsidiary of Shreyas Shipping & Logistics Limited. SRSL commenced its operations in August, 2005 and is dedicated towards offering focused terrestrial logistics services including mid-size parcel services. It carries on business of domestic multimodal transportation, international liner services and supply chain management thereby offering comprehensive solutions to its clients. It believes in providing Speedy, Reliable and Safe solutions to its customers and therefore the name SRSL

Achievements/ recognition

  • The first Indian shipping company to get ISO 9002 certification for container ship and feeder service management.
  • The first and only operator on the containers coastal shipping trade.
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