Shreyas Shipping & Logistics Ltd - Stock Valuation and Financial Performance

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

Shreyas Shipping Share Price

252.05 -8.70 -3.34%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Shreyas Shipping

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Shreyas Shipping & Logistics stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
569 Cr.
52-wk low:
228.3
52-wk high:
506

Is Shreyas Shipping & Logistics Ltd an attractive stock to invest in?

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.7%30.5%16.1%6.6%18.4%7.7%4.3%8%29.2%18.7%-
Value Creation
Index
-0.71.20.2-0.50.3-0.5-0.7-0.41.10.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 248291313370541625612560514484274
Sales YoY Gr.-17.2%7.7%18.3%46%15.6%-2%-8.6%-8.3%-5.8%-
Adj EPS 2.533.221.78.837.315.35.816.392.587-16.1
YoY Gr.-1244.9%-34.7%-59.3%322.6%-59.1%-61.8%180.1%466.4%-5.9%-
BVPS (₹) 59.882.5102.5106.7142.3152.9152.6173.5286.6372.9348.5
Adj Net
Profit
5.472.947.619.481.833.512.835.9203191-35
Cash Flow from Ops. 34.36560.41.258.659.357.658.1113231-
Debt/CF from Ops. 2.81.52.7150.44.55.14.63.52.12.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.7%-2.2%-7.6%-5.8%
Adj EPS 48.6%18.5%146.2%-5.9%
BVPS22.6%21.3%34.7%30.1%
Share Price 29% 4.4% 50.1% 1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.846.223.38.429.910.33.81040.226.4-4.5
Op. Profit
Mgn %
13.733.42313.820.711.48.111.543.851.511.5
Net Profit
Mgn %
2.225.115.25.215.15.42.16.439.539.5-12.9
Debt to
Equity
0.70.60.70.80.80.90.80.50.40.6-
Working Cap
Days
8187109124121140155164163161139
Cash Conv.
Cycle
213657565361626611-2342

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.61

Return on Equity is Poor

Sales growth has been subdued in last 3 years -7.56%

Sales growth is not so good in last 4 quarters at -50.11%

Latest Financials - Shreyas Shipping & Logistics Ltd.

Standalone Consolidated
TTM EPS (₹) -16.1 -16.1
TTM Sales (₹ Cr.) 274 274
BVPS (₹.) 348.5 348.5
Reserves (₹ Cr.) 743 743
P/BV 0.74 0.74
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 228.25 / 506.00
All Time Low / High (₹) 2.55 / 839.50
Market Cap (₹ Cr.) 569
Equity (₹ Cr.) 22
Face Value (₹) 10
Industry PE 8

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales248291313370541625612560514484
Operating Expenses 214194243320429554570496288238
Manufacturing Costs179153194269356471479418203129
Material Costs0000000000
Employee Cost 26253545637473687795
Other Costs 1016146109189813
Operating Profit 34977050112704364225246
Operating Profit Margin (%) 13.6%33.4%22.4%13.5%20.6%11.3%7.0%11.4%43.8%50.9%
Other Income 22564344619
Interest 87910131919171218
Depreciation 1591618192118151948
Exceptional Items -19-290-23-1102680
Profit Before Tax -7545058234939268199
Tax 11211111162
Profit After Tax -8534948134837251197
PAT Margin (%) -3.3%18.3%15.6%1.0%15.0%5.4%1.4%6.7%49.0%40.7%
Adjusted EPS (₹)-3.724.322.21.636.815.33.917.1114.589.6
Dividend Payout Ratio (%)-16%8%6%62%4%8%0%12%2%2%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 133183227234312336335381629819
Share Capital 22222222222222222222
Reserves 111161205212291314313359607797
Minority Interest0000000000
Debt7585142148220248191159177392
Long Term Debt657510511417317311086177392
Short Term Debt101036344675827300
Trade Payables17102639526261483623
Others Liabilities 474043565870926171123
Total Liabilities 2723184374776427166796489141,357

Fixed Assets

Gross Block2912263202744084524564427271,161
Accumulated Depreciation1055268112442566887118
Net Fixed Assets1851742522633844094003746401,043
CWIP 0000031000
Investments 1240745638261212267
Inventories88101323231326819
Trade Receivables29547091141149155129116
Cash Equivalents 16206108101696527
Others Assets2122254348968398187195
Total Assets 2723184374776427166796489141,357

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 346560159595858113231
PBT -7545058234939268199
Adjustment 2363202431384026-4359
Changes in Working Capital 1-36-8-24-47-821-22-107-20
Tax Paid -2-2-2-3-8-5-1315-5-6
Cash Flow From Investing Activity 1-55-108-4-124-56613-73-498
Capex 0-28-90-27-144-46-23-284-440
Net Investments 0-29-232319-127173-63
Others 1150020101384
Cash Flow From Financing Activity -23-645663-2-67-6915227
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0002166-8-50-46107251
Interest Paid -8-7-9-10-12-19-19-16-14-18
Dividend Paid -2-3-3-3-3-3-30-4-5
Others -13457-212296-8-730
Net Cash Flow 123-24-32-3255-40
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-5.8634.1123.971.5329.610.382.5210.4749.7727.18
ROCE (%)0.5624.1517.743.7119.258.84.639.3738.6619.96
Asset Turnover Ratio0.90.990.830.810.970.920.880.840.660.43
PAT to CFO Conversion(x)N/A1.231.220.250.731.747.251.570.451.17
Working Capital Days
Receivable Days3652727978859193507
Inventory Days12111112121311131210
Payable Days0000000000

Shreyas Shipping & Logistics Ltd Stock 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 28-Mar-2024 16:01 is ₹252.1.
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 28-Mar-2024 16:01 the market cap of Shreyas Shipping stood at ₹569.0.
The latest P/E ratio of Shreyas Shipping as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Shreyas Shipping as of 28-Mar-2024 16:01 is 0.74.
The 52-week high of Shreyas Shipping is ₹506.0 and the 52-week low is ₹228.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shreyas Shipping is ₹273.9 ( 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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