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Varun Shipping Company Ltd.-(Merged) (VARUNSHIP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500465 NSE: VARUNSHIP Shipping | Small Cap | Varun Shipping Co Share Price

BSE Share Price
Not Listed

Varun Shipping Company Ltd.-(Merged) (VARUNSHIP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500465 NSE: VARUNSHIP Shipping | Small Cap | Varun Shipping Co Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹146 Cr.
Current Price
₹0
52-Week Low / High
₹9 / 10
TTM EPS
₹8.3
TTM Sales
₹965 Cr.
Book Value per Share
-
P/E Ratio
1.18
Industry PE
10.6
Price to Book (P/B)
0.00
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
-22.45%
Return on Capital Employed (ROCE)
6.76%
Return on Assets (ROA)
-4.07%
Operating Profit Margin
27.9%
Net Profit Margin
-22.56%
Gross Profit Margin
-6.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-62.34%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-59.84%
Net Profit Growth (1 Year)
-
-237.88%
Asset Quality
Promoter Holding
30.89%
Pledged shares (%) of Promoter's holding (%)
26.35%
Reserves
₹117 Cr.
Equity
₹150 Cr.
Face Value
₹10
All Time Low / High
₹3.75 / 110.50

Varun Shipping Company .-(Merged) stock performance

Key Ratios
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10 Year X-Ray :

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 ⓘ

Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Sep'12Mar'14TTM
ROCE % ⓘ11.3%14.3%20.4%12.5%13%8.1%6.8%6.5%13.7%-13%-

Growth Parameters ⓘ
Sales ⓘ29338964367393391566649131011760
Sales YoY Gr.-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.-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 ⓘ

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 ⓘ

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 ⓘ		7863434938612781,0061,4433,094567
Cash Conv.
Cycle ⓘ		-10-14-20-12-9-19651121801,042-597

Valuation of Varun Shipping Co - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Sep'12
Sales212.75230.26292.87388.96661.90684.50945.19964.66751.59
Operating Expenses ⓘ + 127.75150.20179.01216.29275.62302.13372.04442.09541.74
Manufacturing Costs70.2093.45114.25141.53174.65170.17198.54254.72292.83
Material Costs000000000
Employee Cost 31.0131.4731.7437.5952.7480.82100.53121.66171.76
Other Costs ⓘ 26.5425.2833.0137.1848.2351.1472.9765.7177.16
Operating Profit ⓘ 8580.06113.87172.67386.28382.36573.15522.57209.84
Operating Profit Margin (%) 40.0%34.8%38.9%44.4%58.4%55.9%60.6%54.2%27.9%
Other Income ⓘ + 1.147.551.271.431.6551.626.7030.81151.21
Exceptional Items ⓘ 00000000160.74
Interest ⓘ 24.1319.5317.8317.7374.24119.19139.52145.48413.10
Depreciation ⓘ 47.7755.8757.9270.70126.80162.91212280.59278.80
Profit Before Tax ⓘ 14.2412.2139.3985.66186.89151.88228.34127.31-170.11
Tax ⓘ 1.420.982.301.792.886.972.454.33-0.55
Profit After Tax 12.8211.2337.0883.87184.01144.91225.89122.98-169.56
PAT Margin (%) 6.0%4.9%12.7%21.6%27.8%21.2%23.9%12.8%-22.6%
Adjusted EPS (₹)2.81.24.67.516.010.315.28.3-10.2
Dividend Payout Ratio (%)38.70%88.30%31.40%40.10%28.20%43.70%33%60.50%-4.90%
PARTICULARSMar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Sep'12

Equity and Liabilities

Shareholders Fund + 178.12219.88238.84355.33497.04751.95945858.11653.11
Share Capital ⓘ 48.2684.4980.52115.25117.17142.74150150.01150.01
Reserves ⓘ 129.86135.39158.32240.08379.87609.22795708.10503.10
Debt +280.53287.59273.44580.221,274.421,793.052,200.822,846.842,217.44
Long Term Debt280.53287.59273.44580.221,274.421,793.052,200.822,846.842,005.04
Short Term Debt00000000212.39
Minority Interest000000000
Trade Payables27.5728.1830.7238.4576.0945.5052.5385.60784.69
Others Liabilities ⓘ 14.1617.7620.9542.6735.1849.63103.3755.27839.25
Total Liabilities ⓘ 500.38553.40563.961,016.661,882.732,640.133,301.713,845.824,494.49

Fixed Assets

Net Fixed Assets ⓘ +381.63454.71438.58811.401,752.102,438.523,136.973,558.102,918.82
Gross Block678.82792.82785.031,140.532,208.012,914.413,755.074,316.183,470.73
Accumulated Depreciation297.18338.11346.46329.13455.91475.89618.10758.08551.91
CWIP ⓘ 000000000
Investments ⓘ 8.5713.3614.6214.8718.3520.5022.1423.1963.86
Inventories1.623.313.685.403.704.3312.5413.217.62
Trade Receivables23.5330.6724.5636.3946.9852.845761.73269.44
Cash Equivalents 34.8817.3457.17110.3642.1171.8570.0996.07391.94
Others Assets ⓘ 50.1434.0125.3538.2519.4852.092.9893.52842.80
Total Assets ⓘ 500.38553.40563.961,016.661,882.732,640.133,301.713,845.824,494.49
PARTICULARSMar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Sep'12
Cash Flow From Operating Activity ⓘ + 75.3687.02127.36154.49432.11308.72664.36276.230
PBT ⓘ 14.2412.2139.3985.66186.89151.88228.34127.310
Adjustment ⓘ 71.0868.3474.5789.15199.49230.49357.15250.770
Changes in Working Capital ⓘ -6.257.1114.85-16.4147.32-70.5781.1-98.940
Tax Paid ⓘ -3.71-0.65-1.45-3.92-1.59-3.07-2.23-2.910
Cash Flow From Investing Activity ⓘ + -37.42-120.99-40.43-444.25-1,065.93-797.72-903.75-659.410
Capex -38.16-122.59-41.33-445.65-1,067.40-799.68-908.51-661.160
Net Investments 0.010.190000.010.2200
Others ⓘ 0.741.400.901.411.471.954.541.750
Cash Flow From Financing Activity ⓘ + -20.1016.44-47.09342.94565.57518.73237.64409.160
Net Proceeds from Shares ⓘ 00-1.3673.5016.97188.8249.060.010
Net Proceeds from Borrowing ⓘ 000000000
Interest Paid ⓘ -23.49-21.20-18.50-17.22-69.12-117.33-140.31-140.310
Dividend Paid ⓘ -5.26-4.38-17.99-12.93-64.78-64.90-78.89-96.560
Others ⓘ 8.6542.01-9.23299.60682.50512.14407.77646.020
Net Cash Flow ⓘ 17.84-17.5439.8353.19-68.2529.74-1.7625.980
PARTICULARSMar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Sep'12
Ratios
ROE (%)7.726.0116.9128.8143.3823.226.6213.64-22.45
ROCE (%)8.376.5711.2214.2619.2712.5412.927.966.76
Asset Turnover Ratio0.430.440.520.490.460.30.320.270.18
PAT to CFO Conversion(x)5.887.753.431.842.352.132.942.25N/A
Working Capital Days
Receivable Days40.404334.4028.602326.6021.2022.5080.40
Inventory Days2.803.904.404.302.502.103.304.905.10
Payable Days000000000

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Varun Shipping Company Ltd.-(Merged) FAQs

The current trading price of Varun Shipping Co on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Varun Shipping Co stood at ₹146.4 Cr

The latest P/E ratio of Varun Shipping Co as of 31-Dec-1969 is 0.00.

The latest P/B ratio of Varun Shipping Co as of 31-Dec-1969 is -1.41.

The 52-week high of Varun Shipping Co is ₹9.76 and the 52-week low is ₹9.21.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Varun Shipping Co is ₹59.65 ( Cr.) .

Data is not available for this company.

No data found

No data found

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. 

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