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 · Shahi Shipping Limited · 9 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Shahi Shipping Limited
BSE: 526508
BSE: 526508
Services › Services › Transport Services › Shipping
Shahi Shipping Limited
StateQ4 FY26 filed
Last close · 9 Oct 2026₹10.50
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA— · 31.82 · —
Shahi Shipping Limited 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, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 9 | 11 | 12 | 11 | 6 |
| EBITDA (ex other income) | (1) | 0 | 2 | (3) | (1) |
| margin % | (12.4) | 1.1 | 14.9 | (25.3) | (15.0) |
| Owners' profit | (0) | 0 | 3 | (4) | (2) |
| EPS, as reported (₹) | (0.06) | 0.28 | 1.78 | (1.78) | (1.26) |
| ROE % · ROCE % | (2.9) · 2.8 | 12.4 · 4.9 | 44.1 · 27.0 | (154.8) · (49.9) | (382.1) · (19.2) |
| Debt / equity (x) | 3.64 | 2.74 | 0.92 | 2.69 | 18.44 |
| Cash from operations | (1) | 2 | 4 | 3 | 1 |
| Capex | (0) | (0) | (0) | (3) | (1) |
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 · Shahi Shipping Limited · 9 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 2 | 2 | 3 | 2 | 1 | 2 | 2 |
| Profit before tax | 0 | (1) | 0 | (3) | (0) | (0) | (1) | (1) |
| Net profit | 0 | (1) | 0 | (2) | (0) | (0) | (0) | (1) |
| EPS (₹) | 0.19 | (1.02) | 0.01 | 2.46 | (0.22) | (0.25) | (0.32) | (0.48) |
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/B | 33.9 | 2.2 | 8 of 8 | 0% |
| ROCE | (24.3) | 12.5 | 9 of 9 | 0% |
| ROE | (382.1) | 16.1 | 8 of 8 | 0% |
| Debt / Equity | 18.4 | 0.4 | 8 of 8 | 0% |
| EBITDA margin | (27.2) | 51.1 | 10 of 10 | 0% |
| Revenue growth | (48.3) | 39.1 | 8 of 9 | 13% |
| Profit growth | 71.1 | 73.0 | 6 of 10 | 44% |
| Market cap | 16 | 334 | 10 of 10 | 0% |
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 · Shahi Shipping Limited · 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 % |
|---|---|---|---|---|
| 1 Oct 2026 · Shahi Shipping 36th AGM: All 5 resolutions approved despite 36% dissent | board shareholder meetings | medium | — | — |
| 1 Oct 2026 · Shahi Shipping 36th AGM: All 5 resolutions passed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Trading window closed for Shahi Shipping ahead of Q2 results | compliance | minimal | — | — |
| 29 Sept 2026 · Independent Director Omprakash Singh ceases as shareholders reject re-appointment | management changes | medium | — | — |
| 29 Sept 2026 · Independent Director term ends after shareholders reject re-appointment | management changes | medium | — | — |
| 29 Sept 2026 · Shahi Shipping appoints secretarial auditor for five year term | management changes | medium | — | — |
| 29 Sept 2026 · AGM held; independent director re-appointment rejected | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Shahi Shipping files FY26 Annual Report, 36th AGM set for 29 Sept 2026 | compliance | medium | — | — |
| 7 Sept 2026 · 36th AGM on 29 Sep 2026; book closure 23-29 Sep; e-voting 26-28 Sep | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Notice of 36th AGM on 29 Sept 2026 via video conferencing | board shareholder meetings | low | — | — |
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