Varun Shipping Company Ltd.-(Merged) Stock Analysis

BSE: 500465 | NSE: VARUNSHIP | Shipping | Small Cap

BSE Share Price
Not Listed

DeciZen - Make an Informed Decision on Varun Shipping Co

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

2. Valuation

Undervalued

3. Price Trend

Varun Shipping Co Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
146.4 Cr.
52-wk low :
9.2
52-wk high :
9.8
Bole Toh?

1. Is Varun Shipping Company Ltd.-(Merged) a good quality company?

Data is not available for this company.

2. Is Varun Shipping Company Ltd.-(Merged) undervalued or overvalued?

No data found

3. Is Varun Shipping Company Ltd.-(Merged) a good buy now?

No data found

10 Year X-Ray of Varun Shipping Co:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Sep'12Mar'14TTM
ROCE % 9.7%13.6%18.5%8.9%11.4%5.1%-0.5%-2%2.8%-19.6%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 29338964367393391566649131011760
YoY Gr. Rt. %-32.8%65.3%4.6%38.7%-1.9%-27.2%-26.2%-36.9%-62.3%-
Adj EPS 4.47.515.47.5154.7-10.3-14.9-7.6-24-29.9
YoY Gr. Rt. %-69.8%106.3%-51.5%100.1%-68.9%-320.4%NANANA-
BVPS (₹) 2730.240.550.76154.254.154.237.415.3-6.9
Adj Net Profit 35.583.318110722469.7-154-224-114-360-448
Cash Flow from Ops. 122149410323671295-87.5370-23844.7-
Debt/CF from Ops. 2.13.92.85.63.39.7-32.37.5-3.917.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -9.7%-34%-44%-62.3%
Adj EPS -220.8%-210%NANA
BVPS -6.1-24.2-34.4-59.1
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Sep'12Mar'14TTM
Return on Equity % 16.329.344.217.727.38.1-18.9-27.6-20.7-90.5-713.7
Op. Profit Mgn % 36.843.460.355.561.65136.15.413.6-134.8-71.4
Net Profit Mgn % 12.121.428.115.924.17.6-23.1-45.5-36.8-308.3-751.2
Debt to Equity 1.21.72.42.52.43.53.53.41.73.5-
Working Cap Days 7863434938612781,0061,4433,0942,270
Cash Conv. Cycle -10-14-20-12-9-19651121801,0420

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

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

Latest Financials - Varun Shipping Company Ltd.-(Merged)

Standalone Consolidated
TTM EPS (₹) -29.9 8.3
TTM Sales (₹ Cr.) 59.7 965
BVPS (₹.) -6.9 0
Reserves (₹ Cr.) -246 117
P/BV -1.41 0.00
PE 0.00 1.18
From the Market
52 Week Low / High (₹) 9.21 / 9.76
All Time Low / High (₹) 3.75 / 110.50
Market Cap (₹ Cr.) 146
Equity (₹ Cr.) 150
Face Value (₹) 10
Industry PE 10.6

Management X-Ray of Varun Shipping Co :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *41.1041.1041.1041.1041.1041.1041.1041.0240.1926.35
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Varun Shipping Co

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

News

About Varun Shipping Company Ltd.-(Merged)

Varun Shipping Company (VSCL) was incorporated on January 29, 1971 as a private limited company. Later on February 18, 1972 it was converted into a public limited company. The company started its operation in 1973 by acquiring one product tanker. The company’s corporate headquarters and registered office are located in Mumbai.

Today, Varun Shipping owns a fleet of 20 vessels comprising 10 LPG carriers, 3 crude oil tankers and 7 anchor handling towing and supply (AHTS) vessels, it provides a comprehensive shipping solution across the entire hydrocarbon product chain. The company is listed on Bombay Stock Exchange, National Stock Exchange, Ahmedabad Stock Exchange, Delhi Stock Exchange and Calcutta Stock Exchange. It has received ISO 9001:2000 certification for its quality management.

The company, as per few media reports, has decided to demerge ship management business and investment business, in the current fiscal.

Business areas

LPG Sector- The company has acquired a Very Large Gas Carrier (VLGC) with cargo carrying capacity of 76,644 cbm in the year 2007. Thus VSCL is first shipping company in India to acquire VLGC -- the largest LPG carrier in the Indian fleet. The company owns 10 LPG carriers in India, which is the largest in terms of both fleet-size and cargo carrying capacity. It is the first Indian company to operate large AHTS vessel in the North Sea.

Crude oil- The company owns a fleet of 3 crude oil tankers with a cargo carrying capacity of 319,682 dwt.

Offshore- The company’s AHTS vessels cater to oil and gas companies operating offshore, for their exploration, production and development of oil and natural gas. It owns vessels namely Subhiksha, Sudaksha, Suvarna, Subhadra and Suchandra  which are capable of operating in North Sea, Krishna Godavari basin, Bay of Bengal and the Atlantic Ocean, off the coasts of Nigeria, Brazil and Mexico. Besides these vessels, the company also owns two more AHTS vessels on Bareboat Charter cum Demise basis.

Awards and recognition

In 2006, Varun Shipping received 'Fastest Expanding Indian Shipping Company' by the National Maritime Day Celebrations Committee (Central), Directorate General of Shipping and Government of India.

The company’s Maharshi Krishnatreya-a LPG carrier was awarded “Ship of the Year (Indian Flag in Foreign Trade)” by National Maritime Day Celebrations Committee (Central), Directorate General of Shipping and Government of India in April 2008.

It received ‘The Marine and Offshore Services Award’ at the Seatrade Middle East & Indian Subcontinent Awards 2008 ceremony, held in Dubai.

Varun Shipping, on January 21, 2009, has acquired modern AHTS vessel

Future plans

Varun Shipping aim to be a leading comprehensive hydrocarbon shipping company that provides shipping solutions in the LPG sector and strengthen its presence within the hydrocarbon sector. 

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now