Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · CHOWGULE STEAMSHIPS LTD. · 9 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
CHOWGULE STEAMSHIPS LTD.
BSE: 501833
BSE: 501833
Services › Services › Transport Services › Shipping
CHOWGULE STEAMSHIPS LTD.
StateQ3 FY24 filed
Last close · 8 Oct 2026₹20.00
Market cap₹0.1k cr
TTM P/E · P/B · EV/EBITDA20.8 · 4.09 · 15.1
CHOWGULE STEAMSHIPS LTD. is a Transport Services company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY20–FY23 (all audited; no estimate years)
| ₹ crore · consolidated | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | 77 | 33 | 35 | 0 |
| EBITDA (ex other income) | (21) | 19 | 22 | (3) |
| margin % | (27.5) | 59.2 | 62.2 | — |
| Owners' profit | (76) | 6 | 47 | (9) |
| EPS, as reported (₹) | (18.54) | 0.96 | 13.04 | (0.32) |
| ROE % · ROCE % | 191.2 · (31.7) | (11.4) · 20.7 | 301.2 · 108.8 | (9.0) · (4.4) |
| Debt / equity (x) | (1.89) | (1.86) | 0.90 | 0.97 |
| Cash from operations | — | (4) | 20 | (2) |
| Capex | — | (0) | (0) | (0) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · CHOWGULE STEAMSHIPS LTD. · 9 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY22 | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | (2) | (1) | 0 | 0 | (2) | 5 | 0 | 0 |
| Net profit | (2) | (1) | 0 | 1 | (2) | 5 | 0 | 0 |
| EPS (₹) | (0.55) | (0.15) | 0.00 | 0.29 | (0.46) | 1.29 | (0.12) | 0.25 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| THE GE SHPG.LTD | 21,822 | 5.8 | 1.29 | 4.6 | 17.3 | 16.7 | 10.1 | 80.7 |
| SHREEJI SHIPPING GLOBAL L | 13,050 | 80.3 | 16.97 | 54.8 | 19.9 | 22.4 | — | 33.6 |
| SHIPPING CORP OF INDIA LT | 12,949 | 8.0 | 1.42 | 5.8 | 14.9 | 12.5 | 9.3 | 53.8 |
| SEAMEC LIMITED | 3,960 | 15.4 | 3.04 | 9.4 | 19.4 | 17.3 | 30.0 | 48.5 |
| ESSAR SHIPPING LTD | 334 | 3.9 | — | — | 5.4 | 20.7 | (67.3) | 638250.0 |
| TRANSWORLD SHIP LINES LTD | 334 | — | 0.50 | 11.0 | (11.1) | (7.7) | (0.4) | 54.5 |
| GARWARE OFFSHORE SERVICES LIMI | 126 | — | 1.01 | 13.2 | (7.4) | (4.8) | (14.4) | 24.9 |
| CHOWGULE STEAMSHIPS LTD. ◆ | 73 | 20.8 | 4.09 | — | 28.8 | 20.8 | — | 70.4 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.8 | 11.7 | 5 of 6 | 20% |
| P/B | 4.1 | 2.2 | 6 of 8 | 29% |
| ROCE | 20.8 | 12.5 | 2 of 9 | 88% |
| ROE | 28.8 | 16.1 | 1 of 8 | 100% |
| Debt / Equity | 0.7 | 0.4 | 7 of 8 | 14% |
| EBITDA margin | 70.4 | 51.1 | 3 of 10 | 78% |
| Profit growth | (64.1) | 73.0 | 10 of 10 | 0% |
| Market cap | 73 | 334 | 8 of 10 | 22% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · CHOWGULE STEAMSHIPS LTD. · 9 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 28 Sept 2026 · Trading window closed for H2 FY26 results period | compliance | minimal | — | — |
| 28 Sept 2026 · Company Secretary and Compliance Officer passes away | management changes | high | — | — |
| 18 Sept 2026 · ED search and multiple FEMA summons to Chowgule Steamships and directors | regulatory legal | high | — | — |
| 5 Aug 2026 · Vijay Chowgule reappointed by rotation as Non-Executive Director | management changes | medium | — | — |
| 5 Aug 2026 · 63rd AGM: All 11 Resolutions Approved by Shareholders | board shareholder meetings | low | — | — |
| 5 Aug 2026 · 63rd AGM: All 11 resolutions passed with requisite majority | board shareholder meetings | medium | — | — |
| 5 Aug 2026 · Chowgule Steamships 63rd AGM proceedings held on August 5, 2026 | board shareholder meetings | low | — | — |
| 5 Aug 2026 · 63rd AGM held; multiple related party transactions put to shareholder vote | board shareholder meetings | low | — | — |
| 4 Aug 2026 · Chowgule Steamships Q1 profit up 128% YoY to Rs 63.81 lakh | results | high | — | — |
| 4 Aug 2026 · Q1FY27 profit doubles; Chowgule Steamships PAT up 128% YoY | results | medium | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in