Shahi Shipping
Transport Services
526508 BSE
₹10.50
Close ·
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹10.50 −3.81 −26.6% 1Y
Start ₹14.31
Key Fundamentals
MicrocapTransport ServicesServicesPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- −14.60%
- Debt to Equity
- 18.68
- EPS (TTM)
- −₹1.57
- Book Value
- ₹0.33
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 31.82
- ROE
- −127.00%
- Dividend Yield
- 0.00%
- EBITDA
- −₹60.00 L
- 52W High
- ₹25.94
- 52W Low
- ₹9.00
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
30 Poor
Data confidence 91/100
Category scores
- Quality
- 23
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 30
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 17
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 4
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 28
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 59
- Good
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has a good return on equity (ROE) track record: 3 Years ROE 29.7%
Weaknesses
6- Stock is trading at 33.4 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -7.11% over past five years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 60.9 to 74.0 days.
- Promoter holding has decreased over last 3 years: -23.1%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Neutral | 7 | 5 | 7 |
| Oscillators | Bullish | 1 | 5 | 3 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Bullish
Bearish
1
Neutral
5
Bullish
3
Overall
Neutral
Bearish
7
Neutral
5
Bullish
7
Moving Averages
Strong Bearish
Bearish
6
Neutral
0
Bullish
4
Key readings
- RSI (14)
- 49.58
- Neutral
- MACD (12,26,9)
- −0.28
- Bullish
- SMA (50)
- 10.98
- Bearish
- SMA (200)
- 12.94
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −7.83% |
|---|---|
| 5Y | −7.11% |
| 3Y | −15.90% |
| 1Y | −38.94% |
| TTM | −39.87% |
Net profit
| 10Y | Loss narrowed by ₹0.70 Cr |
|---|---|
| 5Y | Loss widened by ₹0.69 Cr |
| 3Y | Turned to loss |
| 1Y | Loss narrowed by ₹1.75 Cr |
| TTM | Loss narrowed by ₹1.90 Cr |
Operating cash flow
| 10Y | −14.53% |
|---|---|
| 5Y | −22.99% |
| 3Y | −45.32% |
| 1Y | −90.61% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −26.59 pp |
|---|---|
| 5Y | −5.85 pp |
| 3Y | −14.11 pp |
| 1Y | −38.81 pp |
| TTM | −17.23 pp |
Revenue by year
| Mar 2017 | ₹19.11 Cr |
|---|---|
| Mar 2018 | ₹16.62 Cr |
| Mar 2019 | ₹10.21 Cr |
| Mar 2020 | ₹8.14 Cr |
| Mar 2021 | ₹9.34 Cr |
| Mar 2022 | ₹9.40 Cr |
| Mar 2023 | ₹10.86 Cr |
| Mar 2024 | ₹12.43 Cr |
| Mar 2025 | ₹10.58 Cr |
| Mar 2026 | ₹6.46 Cr |
Net profit by year
| Mar 2017 | −₹0.55 Cr |
|---|---|
| Mar 2018 | ₹1.10 Cr |
| Mar 2019 | −₹14.65 Cr |
| Mar 2020 | −₹3.31 Cr |
| Mar 2021 | −₹1.13 Cr |
| Mar 2022 | −₹0.08 Cr |
| Mar 2023 | ₹0.41 Cr |
| Mar 2024 | ₹2.59 Cr |
| Mar 2025 | −₹3.57 Cr |
| Mar 2026 | −₹1.82 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.51 | 2.75 | 3.01 | 4.15 | 3.06 | 1.97 | 2.48 | 3.07 | 1.76 | 1.44 | 1.67 | 1.59 | 0.88 |
| Expenses | 2.44 | 2.2 | 2.31 | 3.61 | 2.55 | 3.22 | 2.23 | 2.55 | 1.76 | 1.65 | 1.99 | 1.98 | 1.21 |
| Operating Profit | 0.07 | 0.55 | 0.7 | 0.54 | 0.51 | −1.25 | 0.25 | 0.52 | 0 | −0.21 | −0.32 | −0.39 | −0.33 |
| OPM % | 2.79% | 20% | 23.26% | 13.01% | 16.67% | −63.45% | 10.08% | 16.94% | 0% | −14.58% | −19.16% | −24.53% | −37.5% |
| Other Income | 0 | 0.04 | 0.04 | 1.23 | 0.01 | 0.01 | 0.03 | −2.65 | 0.01 | 0.1 | 0.03 | −0.04 | 0 |
| Interest | 0.03 | 0.11 | 0.06 | 0.06 | 0.15 | 0.15 | 0.16 | 0.22 | 0.17 | 0.06 | 0.08 | 0.1 | 0.12 |
| Depreciation | 0.12 | 0.12 | 0.11 | 0.11 | 0.1 | 0.1 | 0.12 | 0.16 | 0.17 | 0.15 | 0.18 | 0.22 | 0.19 |
| PBT | −0.08 | 0.36 | 0.57 | 1.6 | 0.27 | −1.49 | 0 | −2.51 | −0.33 | −0.32 | −0.55 | −0.75 | −0.64 |
| Tax % | −25% | −25% | −1.75% | −1.25% | −3.7% | −0.67% | — | −5.58% | −3.03% | 12.5% | −16.36% | −8% | 18.75% |
| Net Profit | −0.06 | 0.45 | 0.58 | 1.62 | 0.28 | −1.48 | 0.01 | −2.38 | −0.31 | −0.36 | −0.46 | −0.69 | −0.75 |
| EPS (₹) | −0.04 | 0.31 | 0.4 | 1.12 | 0.19 | −1.02 | 0.01 | −1.64 | −0.21 | −0.25 | −0.32 | −0.48 | −0.52 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 18.44 | 14.6 | 19.11 | 16.62 | 10.21 | 8.14 | 9.34 | 9.4 | 10.86 | 12.43 | 10.58 | 6.46 | 5.58 |
| Expenses | 16.74 | 12.12 | 15.9 | 14.69 | 23.29 | 9.93 | 9.69 | 10.56 | 10.37 | 10.41 | 7.49 | 7.08 | 6.83 |
| Operating Profit | 1.7 | 2.48 | 3.21 | 1.93 | −13.08 | −1.79 | −0.35 | −1.16 | 0.49 | 2.02 | 3.09 | −0.62 | −1.25 |
| OPM % | 9.22% | 16.99% | 16.8% | 11.61% | −128.11% | −21.99% | −3.75% | −12.34% | 4.51% | 16.25% | 29.21% | −9.6% | −22.4% |
| Other Income | 0.89 | −2.35 | 0.11 | 1.21 | 0.25 | 0.29 | 0.47 | 2.25 | 0.95 | 1.46 | −5.66 | −0.01 | 0.09 |
| Interest | 2.44 | 1.48 | 1.21 | 1.04 | 0.67 | 0.74 | 0.66 | 0.47 | 0.47 | 0.57 | 0.68 | 0.59 | 0.36 |
| Depreciation | 3.9 | 2.94 | 2.1 | 1.83 | 1.31 | 0.99 | 0.86 | 0.77 | 0.61 | 0.46 | 0.49 | 0.73 | 0.74 |
| PBT | −3.75 | −4.29 | 0.01 | 0.27 | −14.81 | −3.23 | −1.4 | −0.15 | 0.36 | 2.45 | −3.74 | −1.95 | −2.26 |
| Tax % | −8% | −41.26% | 5700% | −303.7% | −1.15% | 2.48% | −18.57% | −46.67% | −13.89% | −5.31% | −4.55% | −6.67% | — |
| Net Profit | −3.44 | −2.52 | −0.55 | 1.1 | −14.65 | −3.31 | −1.13 | −0.08 | 0.41 | 2.59 | −3.57 | −1.82 | −2.26 |
| EPS (₹) | −2.37 | −1.74 | −0.38 | 0.76 | −10.11 | −2.28 | −0.78 | −0.06 | 0.28 | 1.79 | −2.46 | −1.26 | −1.57 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 | 14.49 |
| Reserves | 9.29 | 6.77 | 6.24 | 7.34 | −7.31 | −10.62 | −11.53 | −11.62 | −11.21 | −8.62 | −12.19 | −14.02 |
| Borrowings | 20.18 | 14.32 | 13.18 | 9.87 | 9.94 | 9.15 | 9.63 | 10.46 | 8.99 | 5.39 | 6.2 | 8.78 |
| Other Liabilities | 11.46 | 8.43 | 8.4 | 7.35 | 6.4 | 7.69 | 7.62 | 6.58 | 7.15 | 7.35 | 3.85 | 4.17 |
| Total Liabilities | 55.42 | 44.01 | 42.31 | 39.05 | 23.52 | 20.71 | 20.21 | 19.91 | 19.42 | 18.61 | 12.35 | 13.42 |
| Fixed Assets | 20.96 | 15.23 | 13.34 | 11.47 | 8.73 | 7.73 | 6.9 | 6.11 | 5.15 | 4.72 | 7.38 | 7.92 |
| CWIP | 4.08 | 2.08 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 0 | 1.23 |
| Investments | 0.07 | 0.07 | 0.11 | 0.11 | 0.04 | 0.03 | 0.03 | 0.04 | 0.5 | 0.51 | 0.05 | 0.03 |
| Other Assets | 30.31 | 26.63 | 26.76 | 25.37 | 12.65 | 10.85 | 11.18 | 11.66 | 11.67 | 11.28 | 4.92 | 4.24 |
| Total Assets | 55.42 | 44.01 | 42.31 | 39.05 | 23.52 | 20.71 | 20.21 | 19.91 | 19.42 | 18.61 | 12.35 | 13.42 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 4.08 | 1.25 | 5.38 | 4.42 | −0.8 | 1.16 | 0.96 | −0.71 | 1.59 | 3.97 | 2.77 | 0.26 |
| Investing | −0.44 | 4.3 | −0.12 | −0.02 | 0.81 | 0.19 | 0 | 0.15 | 0.37 | −0.04 | −2.69 | −2.4 |
| Financing | −3.38 | −5.86 | −4.73 | −4.38 | −0.61 | −1.52 | −0.79 | 0.6 | −1.87 | −3.93 | 0.13 | 1.99 |
| Net Cash Flow | 0.25 | −0.31 | 0.53 | 0.02 | −0.6 | −0.18 | 0.17 | 0.04 | 0.1 | 0 | 0.22 | −0.16 |
| Free Cash Flow | 3.63 | 5.49 | 5.17 | 4.34 | −0.82 | 1.16 | 0.93 | −0.57 | 1.94 | 4 | −0.41 | −0.97 |
| CFO/OP | 240 | 50 | 161 | 216 | 5 | −72 | −300 | 50 | 324 | 197 | 84 | −42 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 399 | 435 | 325 | 340 | 118 | 86.54 | 45.33 | 51.26 | 74.95 | 51.98 | 56.58 | 74.02 |
| Cash Conversion Cycle | 399 | 435 | 325 | 340 | 118 | 86.54 | 45.33 | 51.26 | 74.95 | 51.98 | 56.58 | 74.02 |
| Working Capital Days | 28.31 | 99.25 | 122 | 123 | −222 | −370 | −342 | −256 | −151 | −157 | −101 | −121 |
| ROCE % | −0.89% | −0.63% | 3.48% | 4.36% | −55.06% | −16.72% | −5.78% | 1.54% | 2.97% | 25.24% | 27.43% | −14.65% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shahi Shipping insights
64 extracted metrics across FY11–FY27.
Documents
- 13 Aug 2026
- 11 Feb 2026
- 27 Nov 2025
- 7 Jul 2025
- 30 Sep 2024
- 5 Jul 2024
- 3 Aug 2023
- Intimation 24 Oct 2026
Frequently Asked Questions about Shahi Shipping
What does Shahi Shipping Ltd do?
Incorporated in 1985, Shahi Shipping Ltd is involved in transportation of bulk cargo and containers.
Where is Shahi Shipping Ltd (SHAHISHIP) listed?
Shahi Shipping Ltd trades under code 526508 on the BSE.
Which sector does Shahi Shipping Ltd belong to?
Shahi Shipping Ltd is classified under the Transport Services sector, in the Shipping industry.
What is the 52-week high and low of Shahi Shipping Ltd?
Over the last 52 weeks Shahi Shipping Ltd has traded between ₹9 and ₹25.94 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Shahi Shipping Ltd?
Shahi Shipping Ltd reported a return on equity of -127.00%. Its debt-to-equity ratio is 18.68.
Company Information
Incorporated in 1985, Shahi Shipping Ltd is involved in transportation of bulk cargo and containers.
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