Chowgule Steamships Ltd
CHOW

Chowgule Steamships Ltd (CHOWGULSTM)

₹11.240.17%

Key Stats

₹10.7
Day's Price Range
₹11.68
₹4.73
52-Week Price Range
₹23.75
1 Month Return-21.98 %
3 Month Return-24.19 %
1 Year Return94.45 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 2
0.93
EPS
Rank 6
₹13.04
BVPS
Rank 7
₹-26.7
Dividend Yield
Rank 7
ROE
Rank 5
0.48%
Price To Book Ratio
Rank 8
-0.46
Debt To Asset
Rank 4
1.83

Company Information

Chowgule Steamships main business is owning and chartering vessels and providing shipping services such as manning shipsfixing vesselstaking ships on bareboat charter and other activities connected with shipping.The company issued rights shares aggregating Rs 38.75 cr in Oct.94 to finance the expansioncummodernisation of its fleet of vessels. With the successful implementation of the project its fleet tonnage was increased to 470000 dwt reducing the average age of the fleet from 10.1 years to 9.6 years.The company has a fleet of 11 vessels six minibulk and five bulk carriers aggregating 310229 dwt. Most of its ships are engaged in cross trade i.e. moving international cargoes resulting in foreign exchange earnings which constitute about 80 of the total earnings. Chowgule Steamships Overseas a whollyowned subsidiary was incorporated in Guernsey in 1993 to purchase/charter/operate ships/offshore vessels secure management contracts render other shipping services such as manning of ships fixing of vessels taking ships on bareboat charter act as a broker and carry out any other business connected with shipping. The company is also one of the largest carriers of cement clinker on the Indian coastline. The major client for the coastal trade is its group company Narmada Cement.Two new Panamx Vessels ordered on Keelung Shipyard of China Shipbuilding Corporation in Taiwan were delivered in Nov96 and June97 respectively and the Mini Bulk Carrier under construction at the shipyard of Borneo Shipping Timber Agencies Sdn. Bhd. Malaysia was delivered in Jul97. Also the new building a Mini Bulk Carrier of about 3250 DWT under construction at the Loutulim Shipyard of Chowgule Co Ltd Goa for which lease finance is availed from State Bank Of India.Due to severe liquidity cruch and debt burden the Panamax Vessel M V Maratha Memory was sold in january2002 and the proceeds were utilised for repayment of IFC loan. It has also sold its Coastal Vessels namely MV Maratha Cruiser MV Maratha Clipper in 200102.
OrganisationChowgule Steamships Ltd
HeadquartersGoa
IndustryShipping