---
title: "Chowgule Steamships Ltd (CHOWGULSTM) — Share Price, Financials & Analysis"
symbol: "CHOWGULSTM"
company: "Chowgule Steamships Ltd"
canonical: "https://tapetide.com/stocks/CHOWGULSTM"
bse_code: "501833"
sector: "Services"
industry: "Transport Services"
generated_at: "2026-10-13T11:02:32.331Z"
---

# Chowgule Steamships Ltd (CHOWGULSTM)

Canonical page: https://tapetide.com/stocks/CHOWGULSTM

## Company

- **BSE Code:** 501833
- **Sector:** Services
- **Industry:** Transport Services
- **Macro Sector:** Services
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** chowgulesteamships.co.in

## About

Incorporated in 1963, Chowgule Steamships Ltd is engaged in carriage of goods by sea

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has a low return on equity of 3.61% over last 3 years.
- Earnings include an other income of Rs.2.84 Cr.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -79% |
| revenue growth | -14% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.07 | 1.07 | 1.14 | 0.92 | 0.94 | 0.99 | 1.03 | 0.83 | 0.76 | 0.81 | 0.87 | 0.82 |
| Expenses | 0.66 | 0.74 | 1.19 | 1.09 | 0.79 | 1.22 | 1.31 | 1.08 | 0.83 | 1.31 | 1.1 | 1.13 |
| Operating Profit | 0.41 | 0.33 | -0.05 | -0.17 | 0.15 | -0.23 | -0.28 | -0.25 | -0.07 | -0.5 | -0.23 | -0.31 |
| OPM % | 38.32 | 30.84 | -4.39 | -18.48 | 15.96 | -23.23 | -27.18 | -30.12 | -9.21 | -61.73 | -26.44 | -37.8 |
| Other Income | 0.71 | 1.1 | 0.89 | 0.94 | 0.71 | 0.74 | 0.95 | 0.82 | 0.43 | 0.99 | 0.33 | 1.09 |
| Interest | 0.13 | 0.13 | 0.14 | 0.1 | 0.1 | 0.1 | 0.14 | 0.07 | 0.02 | 0.02 | 0.08 | 0 |
| Depreciation | 0.11 | 0.11 | 0.11 | 0.09 | 0.09 | 0.09 | 0.09 | 0.11 | 0.11 | 0.11 | 0.07 | 0.09 |
| Profit before tax | 0.88 | 1.19 | 0.59 | 0.58 | 0.67 | 0.32 | 0.44 | 0.39 | 0.23 | 0.36 | -0.05 | 0.69 |
| Tax % | 6.82 | 0.84 | 6.78 | 12.07 | 50.75 | 28.12 | 50 | 28.21 | 30.43 | 19.44 | 1620 | 7.25 |
| Net Profit | 0.81 | 1.18 | 0.54 | 0.51 | 0.33 | 0.23 | 0.22 | 0.28 | 0.16 | 0.29 | -0.87 | 0.64 |
| EPS in Rs | 0.22 | 0.32 | 0.15 | 0.14 | 0.09 | 0.06 | 0.06 | 0.08 | 0.04 | 0.08 | -0.24 | 0.18 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.12 | 0.06 | 0 | 0 | 0 | 0 | 4.09 | 3.88 | 3.27 | 3.26 |
| Expenses | 6.87 | 4.77 | 2.39 | 2.6 | 1.74 | 2.28 | 3.07 | 3.68 | 4.31 | 4.37 |
| Operating Profit | -6.75 | -4.71 | -2.39 | -2.6 | -1.74 | -2.28 | 1.02 | 0.2 | -1.04 | -1.11 |
| OPM % | -5625 | -7850 | — | — | — | 11.28 | 24.94 | 5.15 | -31.8 | -34.05 |
| Other Income | 3.36 | 3.89 | 10.09 | 18.38 | -91.38 | 2.86 | 7.5 | 2.62 | 2.56 | 2.84 |
| Interest | 1.49 | 0.73 | 1.91 | 0.45 | 0.48 | 0.52 | 0.54 | 0.44 | 0.2 | 0.12 |
| Depreciation | 1.62 | 1.31 | 0.73 | 0.62 | 0.55 | 0.5 | 0.45 | 0.36 | 0.4 | 0.38 |
| Profit before tax | -6.5 | -2.86 | 5.06 | 14.71 | -94.15 | -0.44 | 7.53 | 2.02 | 0.92 | 1.23 |
| Tax % | -38 | -32.52 | 29.84 | 30.73 | -0.93 | -181.82 | 1.46 | 35.64 | 116.3 | — |
| Net Profit | -4.03 | -1.93 | 3.56 | 10.19 | -93.28 | 0.35 | 7.42 | 1.29 | -0.14 | 0.22 |
| EPS in Rs | -1.11 | -0.53 | 0.98 | 2.81 | -25.69 | 0.1 | 2.04 | 0.36 | -0.04 | 0.06 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 36.31 | 36.31 | 36.31 | 36.31 | 36.31 | 36.31 | 36.31 | 36.31 | 36.31 | 36.31 |
| Reserves | 84.51 | 80.92 | 78.61 | 82.18 | 92.45 | -0.83 | -0.47 | 6.93 | 8.21 | 8.06 |
| Borrowings | 0 | 0 | 14.2 | 17.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 17.58 | 18.52 | 6.42 | 9.12 | 7.53 | 6.84 | 7.42 | 9.43 | 8.8 | 9.12 |
| Total Liabilities | 138.4 | 135.75 | 135.54 | 145.31 | 136.29 | 42.32 | 43.26 | 52.67 | 53.32 | 53.49 |
| Fixed Assets | 25.9 | 21.65 | 8.98 | 8.07 | 7.46 | 6.92 | 6.43 | 5.99 | 7.75 | 7.38 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 98.1 | 96.76 | 96.88 | 97.73 | 98.77 | 6.67 | 6.88 | 12.15 | 2.87 | 18.64 |
| Other Assets | 14.4 | 17.34 | 29.68 | 39.51 | 30.06 | 28.73 | 29.95 | 34.53 | 42.7 | 27.47 |
| Total Assets | 138.4 | 135.75 | 135.54 | 145.31 | 136.29 | 42.32 | 43.26 | 52.67 | 53.32 | 53.49 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -4.72 | -4.01 | -3.16 | -0.89 | -2.55 | -1.38 | -1.28 | 2.21 | -4.26 | -4.12 |
| Cash from Investing Activity | 4.85 | 3.53 | -10.92 | -2.33 | 1.96 | 1.42 | 1.2 | -2.08 | 4.26 | 4.06 |
| Cash from Financing Activity | -0.09 | -0.09 | 14.13 | 3.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0.04 | -0.57 | 0.06 | 0.28 | -0.59 | 0.04 | -0.08 | 0.13 | 0 | -0.06 |
| Free Cash Flow | -4.73 | -4.02 | -2.16 | 3.68 | -0.18 | 28.92 | -1.3 | 2.2 | -4.69 | -4.16 |
| CFO/OP | 107 | 64 | 74 | 82 | 77 | 95 | 93 | 217 | -2470 | 392 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | — | — | — | — | 59.79 | 12.23 | 2.23 |
| Cash Conversion Cycle | 0 | 0 | 0 | — | — | — | — | 59.79 | 12.23 | 2.23 |
| Working Capital Days | 6787.6 | 33032.5 | 5718.33 | — | — | — | — | -81.21 | 1515.5 | 350.49 |
| ROCE % | -1.85 | -4.21 | -1.29 | 3.3 | 1.02 | 2.23 | 0.22 | 10.29 | 5.61 | 2.52 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.25% | 70.37% | 71.41% | 72.13% | 72.13% | 72.13% | 72.05% | 72.05% | 72.13% | 72.13% | 72.13% |
| DIIs | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
| Public | 30.69% | 29.57% | 28.53% | 27.81% | 27.81% | 27.81% | 27.88% | 27.89% | 27.81% | 27.81% | 27.81% |
| No. of Shareholders | 22608 | 21601 | 21230 | 20927 | 20626 | 20726 | 20429 | 20085 | 20908 | 20674 | 20711 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.05% | 72.05% | 72.05% | 72.05% | 72.13% | 72.13% | 72.13% | 72.13% | 72.13% | 72.13% | 72.13% | 72.13% |
| DIIs | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
| Public | 27.9% | 27.88% | 27.89% | 27.9% | 27.81% | 27.82% | 27.81% | 27.81% | 27.81% | 27.82% | 27.81% | 27.81% |
| No. of Shareholders | 20110 | 20050 | 20085 | 20307 | 20502 | 20762 | 20908 | 20975 | 20890 | 20768 | 20674 | 20711 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 20.26 | Sell |
| EMA (10) | 20.31 | Sell |
| SMA (20) | 20.94 | Sell |
| EMA (20) | 20.79 | Sell |
| SMA (50) | 21.78 | Sell |
| EMA (50) | 21.52 | Sell |
| SMA (100) | 22.26 | Sell |
| EMA (100) | 21.86 | Sell |
| SMA (200) | 21.5 | Sell |
| EMA (200) | 22.15 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.36 | Neutral |
| MACD (12,26,9) | -0.59 | Sell |
| Stochastic (14,3,3) | 17.21 | Buy |
| ADX (14) | 23.8 | Neutral |
| Williams %R (14) | -78.45 | Neutral |
| ATR (14) | 1.34 | High Volatility |
| ROC (12) | -8.36 | Sell |
| Stoch RSI (14) | 38.7 | Neutral |
| UO (7,14,28) | 41.55 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-10-09 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9c1c29ce-1d51-4e03-9bc3-51a7d0b9a5ef.pdf) |
| 2026-10-09 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0e4c66b-87ac-40ce-a5b5-b24de5d8ccca.pdf) |
| 2026-09-28 | [Announcement under Regulation 30 (LODR)-Demise](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65464ab8-4fb0-498e-838a-8b65f078e2fa.pdf) |
| 2026-09-28 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=209c9675-4b7f-4fda-81b9-05e7f46f5047.pdf) |
| 2026-09-18 | [Announecment Under Regulation 30 (LODR) _ Submission Of Disclosures_AIATOP](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4ad67997-632e-43e4-ad48-414e73ca8db0.pdf) |
| 2026-08-05 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e1b0666-2f8d-4772-a1f1-26f1a4012ba2.pdf) |
| 2026-08-05 | [Proceedings Of The 63Rd Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d23067b8-3cc6-4da5-901f-98145f36202d.pdf) |
| 2026-08-05 | [Shareholder Meeting / Postal Ballot-Scrutinizer''s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b8f95491-84c1-4fab-ad45-38e1991c4ce3.pdf) |
| 2026-08-05 | [Scrutinizers Report And Voting Results For AGM 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b32b953-3697-49e3-a2c2-5df8fee8360b.pdf) |
| 2026-08-05 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f59e76b8-4965-444c-b2d3-378e12c44392.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4875df3d-6b9d-40f2-ad30-f69ec6a7076e.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6159ad0b-391c-4fe3-abdf-a473e63cd955.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/223fdbc0-6649-4d9f-a208-593c02ebeb81.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19eaa380-ecdd-4995-912e-c9bd73ecce76.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/501833/75114501833.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/501833/72873501833.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/501833/66520501833_08_09_20.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/501833/5018330319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/501833/5018330318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/501833/5018330317.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2016-02-01 | Credit rating update — ICRA |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:02:32.331Z.