Shahi Shipping Ltd

Shahi Shipping Ltd (526508)


Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 10
Rank 10
Rank 6
Dividend Yield
Rank 2
Rank 6
Price To Book Ratio
Debt To Asset
Rank 7

Company Information

Company Started as a partnership firm in 1985 Shahi Shipping was converted into a private limited company in 1990 and to a public limited company in Feb.93. The company is promoted by Sarvesh Shahi F M Koli and Rajesh Shahi. It is one of the leading owners of selfpropelled mini carriers on the west coast of India and owns 14 carriers of which one is a foreign going vessel. The company has a diverse range of carriers such as ore water and petroleum carriers engaged in transportation of oil water and fresh potable water. It has longterm contracts with the Mazgoan Dock The Shipping Corporation of India HPCL and ONGC.The company acquired and run a dry dock with two carriers of 30000 dwt each. It has acquired newly constructed and fuelefficient three mini bulk carriers of 2450 dwt each which will be deployed along the coastal regions of India. The company through their division Shahi Containers has entered into a strategic alliance with Handling Systems Company Malaysia a leading shipping agency house. Shahi Containers plans to acquire 50000 containers by the end of the century and plans to buy two container vessels for carrying containers between India and east Asia.In 199596 the company added two more vessels each having a tonnage of 2450 dwt at a cost of Rs 3.39 cr and Rs 3.42 cr respectively. In 199697 it acquired M V Royal Yamuna at a cost of Rs 3.33 crores and two more vessels costing Rs 710 lakhs with financial assistance from IDBI it purchased two new fuel efficient modern vessels M V Vikrant I and M V Vikrant II in May 97 and Aug.97 costing Rs 325 lakhs which were financed by Industrial Investment Bank of India and it has also obtained loan of Rs 10 crores from State Bank of India for the purchase of two more vessels out of which Yard 51 Yard 55 are presently under construction. With these acqusitions the total fleet strength has risen to 27 vessels.The company setup operation of bunkering facilities at Haldia Dock Complex and also plans to acquire all weather sea going pilot launches.The name of the company has been changed during the May 2004from Shahi Shipping Ltd to SKS Ship Ltd.
OrganisationShahi Shipping Ltd