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Compare Shipping Corp. with Varun Shipping - Equitymaster

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SHIPPING CORP. vs VARUN SHIPPING - Comparison Results

SHIPPING CORP.    Change

SCI is the largest shipping company in India with a fleet of 83 vessels with tonnage of 4.9 mdwt (million dead weight tonnes). The company was established in 1961 with the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation,... More

VARUN SHIPPING 
   Change

Varun Shipping Company (VSC) is the largest LPG tanker operator in the country. In addition to LPG, VSC has presence in crude products and offshore segments. The current fleet comprises 10 LPG carriers, 3 crude oil tankers and 7 AHTS (anchor handling... More

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Current Valuations

    SHIPPING CORP. VARUN SHIPPING SHIPPING CORP./
VARUN SHIPPING
 
P/E (TTM) x 43.0 -0.3 - View Chart
P/BV x 0.4 0.2 156.9% View Chart
Dividend Yield % 0.0 5.1 -  

Financials

 SHIPPING CORP.   VARUN SHIPPING
EQUITY SHARE DATA
    SHIPPING CORP.
Mar-14
VARUN SHIPPING
Sep-12
SHIPPING CORP./
VARUN SHIPPING
5-Yr Chart
Click to enlarge
High Rs4533 137.0%   
Low Rs2614 187.9%   
Sales per share (Unadj.) Rs90.950.1 181.3%  
Earnings per share (Unadj.) Rs-5.9-10.1 58.1%  
Cash flow per share (Unadj.) Rs12.58.4 148.0%  
Dividends per share (Unadj.) Rs00.50 0.0%  
Dividend yield (eoy) %02.1 0.0%  
Book value per share (Unadj.) Rs136.143.5 312.6%  
Shares outstanding (eoy) m465.80150.01 310.5%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x0.40.5 83.9%   
Avg P/E ratio x-6.1-2.3 261.8%  
P/CF ratio (eoy) x2.92.8 102.8%  
Price / Book Value ratio x0.30.5 48.7%  
Dividend payout %0-4.9 0.0%   
Avg Mkt Cap Rs m16,6523,525 472.4%   
No. of employees `0002.70.5 530.2%   
Total wages/salary Rs m4,1471,506 275.3%   
Avg. sales/employee Rs Th15,963.015,032.0 106.2%   
Avg. wages/employee Rs Th1,564.13,012.0 51.9%   
Avg. net profit/employee Rs Th-1,036.1-3,044.0 34.0%   
INCOME DATA
Net Sales Rs m42,3187,516 563.0%  
Other income Rs m3,0721,149 267.4%   
Total revenues Rs m45,3908,665 523.8%   
Gross profit Rs m5,8852,271 259.1%  
Depreciation Rs m8,5642,788 307.2%   
Interest Rs m2,0774,131 50.3%   
Profit before tax Rs m-1,685-3,499 48.2%   
Minority Interest Rs m00-   
Prior Period Items Rs m-52924 -2,204.6%   
Extraordinary Inc (Exp) Rs m01,971 0.0%   
Tax Rs m53318 2,959.4%   
Profit after tax Rs m-2,747-1,522 180.5%  
Gross profit margin %13.930.2 46.0%  
Effective tax rate %-31.6-0.5 6,146.2%   
Net profit margin %-6.5-20.3 32.1%  
BALANCE SHEET DATA
Current assets Rs m32,51713,381 243.0%   
Current liabilities Rs m32,11717,730 181.1%   
Net working cap to sales %0.9-57.9 -1.6%  
Current ratio x1.00.8 134.2%  
Inventory Days Days164 445.1%  
Debtors Days Days88131 67.3%  
Net fixed assets Rs m119,97629,050 413.0%   
Share capital Rs m4,6581,500 310.5%   
"Free" reserves Rs m43,3313,735 1,160.1%   
Net worth Rs m63,3986,531 970.7%   
Long term debt Rs m65,70719,764 332.5%   
Total assets Rs m162,54844,428 365.9%  
Interest coverage x0.20.2 123.5%   
Debt to equity ratio x1.03.0 34.2%  
Sales to assets ratio x0.30.2 153.9%   
Return on assets %-0.45.9 -7.0%  
Return on equity %-4.3-23.3 18.6%  
Return on capital %-0.110.0 -1.1%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m00-   
Fx outflow Rs m01 0.0%   
Net fx Rs m0-1 0.0%   
CASH FLOW
From Operations Rs m8,399-3,576 -234.9%  
From Investments Rs m-9,65723,939 -40.3%  
From Financial Activity Rs m-1,201-17,178 7.0%  
Net Cashflow Rs m-2,4593,185 -77.2%  

Share Holding

Indian Promoters % 63.8 15.6 409.0%  
Foreign collaborators % 0.0 22.2 -  
Indian inst/Mut Fund % 18.8 7.9 237.3%  
FIIs % 1.6 0.2 800.0%  
ADR/GDR % 0.0 0.0 -  
Free float % 15.9 54.1 29.4%  
Shareholders   185,314 86,049 215.4%  
Pledged promoter(s) holding % 0.0 41.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare SHIPPING CORP. With:   ABG SHIPYARD  MERCATOR LTD  DREDGING CORP  GOL OFFSHORE  ABAN OFFSHORE  



Today's Market

Indian Indices Continue Downtrend, BOB-Vijaya-Dena Merger, and Top Stocks in Action Today(Pre-Open)

Share markets in India continued their momentum and ended in red yesterday. Sectoral indices traded in red, with stocks in the realty sector, power sector and PSU sector leading the losses.

Related Views on News

SHIPPING CORP. Announces Quarterly Results (1QFY19); Net Profit Up 2965.2% (Quarterly Result Update)

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, SHIPPING CORP. has posted a net profit of Rs 2 bn (up 2965.2% YoY). Sales on the other hand came in at Rs 9 bn (up 3.4% YoY). Read on for a complete analysis of SHIPPING CORP.'s quarterly results.

SHIPPING CORP. Announces Quarterly Results (4QFY18); Net Profit Up 175.5% (Quarterly Result Update)

May 25, 2018 | Updated on May 25, 2018

For the quarter ended March 2018, SHIPPING CORP. has posted a net profit of Rs 3 bn (up 175.5% YoY). Sales on the other hand came in at Rs 9 bn (up 2.1% YoY). Read on for a complete analysis of SHIPPING CORP.'s quarterly results.

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Nov 16, 2017

GE Shipping reported a subdued performance on the back of weak tanker and offshore segment.

GE Shipping: Disappointing Performance (Quarterly Results Update - Detailed)

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G E Shipping: Feeling Pressure From the Offshore Segment (Quarterly Results Update - Detailed)

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Sep 18, 2018 (Close)

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