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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
₹-29.9
TTM Sales
₹59.7 Cr.
Book Value per Share
₹-6.9
P/E Ratio
0.00
Industry PE
10.6
Price to Book (P/B)
-1.41
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-82.64%
Return on Capital Employed (ROCE)
-13.03%
Return on Assets (ROA)
-19.66%
Operating Profit Margin
-134.8%
Net Profit Margin
-279.46%
Gross Profit Margin
-209%
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)
-
-474.31%
Net Profit Growth (1 Year)
-
-1376.88%
Asset Quality
Promoter Holding
30.89%
Pledged shares (%) of Promoter's holding (%)
26.35%
Reserves
₹-246 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

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Sep'12Mar'14
Sales292.87388.96642.93672.63932.57914.66666.22491.43465.50175.31
Operating Expenses + 185.11222.52255.51299.52357.71450.22426.07464.77402.36411.65
Manufacturing Costs121.47148.50156.47170.17198.54254.72241.89305.01239.41162.42
Material Costs0000000000
Employee Cost 31.7437.5952.7479.87100.53121.66131.55115.5011072.16
Other Costs 31.8936.4246.3149.4758.6473.8452.6444.2552.95177.07
Operating Profit 107.76166.45387.42373.11574.85464.44240.1526.6663.14-236.34
Operating Profit Margin (%) 36.8%42.8%60.3%55.5%61.6%50.8%36.0%5.4%13.6%-134.0%
Other Income + 1.491.571.3851.384.4729.29236.42389.20318.70112.68
Exceptional Items 00000507.01-4.65160.740
Interest 17.4617.5275.82111.09139.51145.48193.20216.49360.46242.78
Depreciation 53.6867.03129.61165.71211.92271.14236.49177.89144.39122.64
Profit Before Tax 38.1183.48183.37147.69227.90127.1253.8916.8237.73-489.08
Tax 2.301.792.486.342.124.3141.332.07-0.640.86
Profit After Tax 35.8181.69180.89141.35225.78122.8112.5514.7538.37-489.94
PAT Margin (%) 12.2%21.0%28.1%21.0%24.2%13.4%1.9%3.0%8.2%-279.0%
Adjusted EPS (₹)4.37.315.49.915.18.20.81.02.6-32.7
Dividend Payout Ratio (%)33.80%41.30%29.20%45.40%33.20%61.10%95.60%81.40%19.60%0%

Valuation of Varun Shipping Co - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Sep'12Mar'14

Equity and Liabilities

Shareholders Fund + 225.53339.90474.74723.80914.84813.40811.96812.76842.41352.47
Share Capital 80.52115.25117.17142.74150150.01150.01150.01150.01150.01
Reserves 145.01224.64357.57581.06764.84663.39661.95662.75692.40202.46
Debt +260.34580.221,138.231,793.052,200.822,846.842,821.992,072.58845.82994.12
Long Term Debt260.34580.221,138.231,793.052,200.822,846.842,821.991,988.13698.43802.18
Short Term Debt000000084.45147.39191.95
Minority Interest0000000000
Trade Payables30.6638.1353.4045.3452.55123.1352.55192.18334.54371.02
Others Liabilities 18.0539.95220.4446.74103.9988.62130.29772.61781.73462.68
Total Liabilities 534.58998.191,886.802,608.923,272.203,871.983,816.793,850.132,804.502,180.30

Fixed Assets

Net Fixed Assets +415.45822.411,760.302,443.923,142.433,558.162,968.911,914.31660.13621.04
Gross Block757.641,151.432,218.902,925.303,765.944,316.173,635.452,415.771,061.371,144.70
Accumulated Depreciation342.20329.02458.60481.38623.51758.01666.55501.46401.24523.66
CWIP 0000000000
Investments 20.7620.7620.7620.7520.7520.7542.2327.3250.34348.54
Inventories3.685.403.704.3312.5413.2115.986.357.627.19
Trade Receivables24.5636.3946.9852.8456.1561.73331.92142.61783.16540.02
Cash Equivalents 44.8275.0235.6335.0337.4693.1334.0616.21334.762.19
Others Assets 25.3238.2019.4252.062.88125423.691,743.33968.49661.32
Total Assets 534.58998.191,886.802,608.923,272.203,871.983,816.793,850.132,804.502,180.30

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Sep'12Mar'14
Cash Flow From Operating Activity + 122.40148.68410.23323.08670.77295.09-87.49370.10-357.6267.04
PBT 38.1183.48183.37147.69227.90127.1253.8916.8237.73-489.08
Adjustment 69.7485.28204.15225.42359.29251.19186.828.46201.90341.57
Changes in Working Capital 15.95-16.1724.28-47.0885.48-80.33-323.86390.44-594.54223.03
Tax Paid -1.41-3.91-1.57-2.94-1.91-2.89-4.35-45.63-2.71-8.48
Cash Flow From Investing Activity + -31.88-474.74-1,066.19-797.95-905.98-648.58354.99-118.432,393.95-18.53
Capex -32.81-476.30-1,067.39-799.67-908.51-649.83583.18138.021,233.26-83.54
Net Investments 0000.010.220-14.4714.88-23.02-298.20
Others 0.931.551.201.712.311.26-213.72-271.331,183.70363.22
Cash Flow From Financing Activity + -59.82356.27616.57474.26237.64409.16-326.57-269.51-1,717.78-381.08
Net Proceeds from Shares -1.3673.5016.97188.8249.060.010000
Net Proceeds from Borrowing 0000000000
Interest Paid -18.13-17-71.55-108.38-140.31-140.31-193.52-219.70-334.68-200.28
Dividend Paid -17.99-12.93-64.78-64.90-78.89-96.56-25.56-14.12-22.91-0.57
Others -22.34312.70735.93458.71407.77646.02-107.49-35.69-1,360.18-180.23
Net Cash Flow 30.6930.21-39.39-0.612.4355.67-59.07-17.85318.55-332.57

Financial Ratio

PARTICULARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Sep'12Mar'14
Ratios
ROE (%)17.2429.5244.6323.5927.5614.211.541.824.64-82.64
ROCE (%)11.3114.3420.4412.5113.038.056.776.4713.67-13.03
Asset Turnover Ratio0.540.510.450.30.320.260.170.130.140.07
PAT to CFO Conversion(x)3.421.822.272.292.972.4-6.9725.09-9.32N/A
Working Capital Days
Receivable Days34.4028.6023.7027.1021.3023.50107.80176.203631,377.40
Inventory Days4.404.302.602.203.305.1088.305.5015.40
Payable Days0000000000

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

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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