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Compare Varun Shipping with G.E.Shipping - Equitymaster

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VARUN SHIPPING vs G.E.SHIPPING - Comparison Results

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

G.E.SHIPPING 
   Change

Great Eastern Shipping (GES) is the largest private sector shipping company in India. As on March 2012, the company has a fleet of 34 vessels, including 24 tankers (9 crude carriers, 14 product carriers and 1 gas carrier) and 10 dry bulk carriers, wi... More

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Current Valuations

    VARUN SHIPPING G.E.SHIPPING VARUN SHIPPING/
G.E.SHIPPING
 
P/E (TTM) x -0.3 -22.3 - View Chart
P/BV x 0.2 0.6 36.4% View Chart
Dividend Yield % 5.1 3.3 157.0%  

Financials

 VARUN SHIPPING   G.E.SHIPPING
EQUITY SHARE DATA
    VARUN SHIPPING
Sep-12
G.E.SHIPPING
Mar-17
VARUN SHIPPING/
G.E.SHIPPING
5-Yr Chart
Click to enlarge
High Rs33437 7.6%   
Low Rs14302 4.6%   
Sales per share (Unadj.) Rs50.1206.7 24.2%  
Earnings per share (Unadj.) Rs-10.150.1 -20.3%  
Cash flow per share (Unadj.) Rs8.495.0 8.9%  
Dividends per share (Unadj.) Rs0.5010.10 5.0%  
Dividend yield (eoy) %2.12.7 77.8%  
Book value per share (Unadj.) Rs43.5479.1 9.1%  
Shares outstanding (eoy) m150.01150.78 99.5%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x0.51.8 26.2%   
Avg P/E ratio x-2.37.4 -31.4%  
P/CF ratio (eoy) x2.83.9 71.6%  
Price / Book Value ratio x0.50.8 70.0%  
Dividend payout %-4.920.2 -24.4%   
Avg Mkt Cap Rs m3,52555,698 6.3%   
No. of employees `0000.50.4 121.1%   
Total wages/salary Rs m1,5065,968 25.2%   
Avg. sales/employee Rs Th15,032.075,468.8 19.9%   
Avg. wages/employee Rs Th3,012.014,449.6 20.8%   
Avg. net profit/employee Rs Th-3,044.018,279.9 -16.7%   
INCOME DATA
Net Sales Rs m7,51631,169 24.1%  
Other income Rs m1,1495,123 22.4%   
Total revenues Rs m8,66536,291 23.9%   
Gross profit Rs m2,27114,248 15.9%  
Depreciation Rs m2,7886,779 41.1%   
Interest Rs m4,1313,776 109.4%   
Profit before tax Rs m-3,4998,816 -39.7%   
Minority Interest Rs m00-   
Prior Period Items Rs m240-   
Extraordinary Inc (Exp) Rs m1,9710-   
Tax Rs m181,266 1.4%   
Profit after tax Rs m-1,5227,550 -20.2%  
Gross profit margin %30.245.7 66.1%  
Effective tax rate %-0.514.4 -3.6%   
Net profit margin %-20.324.2 -83.6%  
BALANCE SHEET DATA
Current assets Rs m13,38148,760 27.4%   
Current liabilities Rs m17,73022,260 79.6%   
Net working cap to sales %-57.985.0 -68.1%  
Current ratio x0.82.2 34.5%  
Inventory Days Days417 21.8%  
Debtors Days Days13124 534.7%  
Net fixed assets Rs m29,050103,267 28.1%   
Share capital Rs m1,5001,508 99.5%   
"Free" reserves Rs m3,73570,726 5.3%   
Net worth Rs m6,53172,233 9.0%   
Long term debt Rs m19,76457,704 34.3%   
Total assets Rs m44,428152,865 29.1%  
Interest coverage x0.23.3 4.6%   
Debt to equity ratio x3.00.8 378.8%  
Sales to assets ratio x0.20.2 83.0%   
Return on assets %5.97.4 79.3%  
Return on equity %-23.310.5 -223.0%  
Return on capital %10.09.7 103.1%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m011,503 0.0%   
Fx outflow Rs m121,424 0.0%   
Net fx Rs m-1-9,920 0.0%   
CASH FLOW
From Operations Rs m-3,57614,782 -24.2%  
From Investments Rs m23,939-15,272 -156.8%  
From Financial Activity Rs m-17,1787,583 -226.5%  
Net Cashflow Rs m3,1856,874 46.3%  

Share Holding

Indian Promoters % 15.6 30.5 51.1%  
Foreign collaborators % 22.2 0.0 -  
Indian inst/Mut Fund % 7.9 15.4 51.3%  
FIIs % 0.2 25.5 0.8%  
ADR/GDR % 0.0 0.2 -  
Free float % 54.1 28.4 190.5%  
Shareholders   86,049 73,557 117.0%  
Pledged promoter(s) holding % 41.0 0.0 205,100.0%  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

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



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Jul 29, 2015 (Close)

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