---
title: "Sadhav Shipping Ltd (SADHAV) — Share Price, Financials & Analysis"
symbol: "SADHAV"
company: "Sadhav Shipping Ltd"
canonical: "https://tapetide.com/stocks/SADHAV"
isin: "INE0K5H01010"
nse_symbol: "SADHAV"
sector: "Services"
industry: "Transport Services"
market_cap_cr: 183.27
generated_at: "2026-09-13T19:59:43.405Z"
---

# Sadhav Shipping Ltd (SADHAV)

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

## Company

- **NSE Symbol:** SADHAV
- **ISIN:** INE0K5H01010
- **Sector:** Services
- **Industry:** Transport Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2024-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** sadhavshipping.com

## About

Incorporated in 1996, Sadhav Shipping 
Ltd is in the business of owning & operating barges, tugs & vessels in addition to undertaking ship management for other owners.[1]

## Latest Price

- **Price:** ₹113.65
- **Change:** -3.65 (-3.11%)
- **Open:** ₹112.1
- **Day High:** ₹116.9
- **Day Low:** ₹112.1
- **Previous Close:** ₹117.3
- **Volume:** 11400
- **As Of:** 2026-09-11T09:59:49+00:00

## Key Fundamentals

Observed at 2026-09-11T04:46:43.830514Z.

- **Market Cap:** ₹183.27 Cr
- **Classification:** SME
- **P/E (reported):** 12.9
- **Book Value:** ₹62.81
- **Price to Book:** 1.87
- **Dividend Yield:** 0%
- **ROE:** 11.82%
- **ROCE:** 11.13%
- **Debt to Equity:** 0.8
- **Revenue (yearly):** ₹97.55 Cr
- **Net Income:** ₹10.67 Cr
- **EBITDA:** ₹24.79 Cr
- **52-Week High:** ₹128.85
- **52-Week Low:** ₹86.3
- **RSI (14):** 56.7

## Tapetide Score

- **Score:** 58 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 81.3 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 27.96 | 9% |
| growth | 44.96 | 9% |
| momentum | 70.18 | 12% |
| ownership | 57.94 | 24% |
| quality | 78.33 | 22% |
| valuation | 50.34 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company has delivered good profit growth of 34.8% CAGR over last 5 years

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -7.66%
- The company has delivered a poor sales growth of 10.0% over past five years.
- Tax rate seems low
- Company has a low return on equity of 13.9% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 61.4 to 84.7 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 959.5% | 160.84% | 360.47% |
| ebitda margin growth | 8.11% | -21.72% | 2.03% | 40.98% |
| net income growth | 6.25% | -9.58% | 27% | 35% |
| revenue growth | -9.46% | 0.15% | 8% | 10% |
| roce | — | 4.02% | -33.47% | 13.52% |
| roe | — | 13.76% | 13.72% | 14.53% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2023 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- |
| Sales | 17.86 | 28.23 | 34.34 | 31.23 |
| Expenses | 12.88 | 22.54 | 27.47 | 23.57 |
| Operating Profit | 4.98 | 5.69 | 6.87 | 7.66 |
| OPM % | 27.88 | 20.16 | 20.01 | 24.53 |
| Other Income | 0 | 0.18 | 0.54 | 0.34 |
| Interest | 1.06 | 2 | 1.9 | 1.54 |
| Depreciation | 1.07 | 2.22 | 1.99 | 2.22 |
| Profit before tax | 2.85 | 1.65 | 3.52 | 4.24 |
| Tax % | 25.26 | -349.09 | 10.23 | 20.05 |
| Net Profit | 2.13 | 7.4 | 3.15 | 3.4 |
| EPS in Rs | — | 5.16 | 2.19 | 2.37 |

### Profit & Loss

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 61 | 70 | 78 | 84 | 97 | 98 |
| Expenses | 48 | 57 | 60 | 63 | 65 | 73 |
| Operating Profit | 12 | 12 | 17 | 22 | 31 | 25 |
| OPM % | 20 | 18 | 22 | 26 | 32 | 25 |
| Other Income | 1 | 0 | 1 | 0 | 0 | 1 |
| Interest | 2 | 2 | 4 | 5 | 7 | 7 |
| Depreciation | 6 | 6 | 4 | 4 | 7 | 8 |
| Profit before tax | 5 | 4 | 10 | 12 | 17 | 11 |
| Tax % | 28 | 29 | 22 | 25 | 32 | -38 |
| Net Profit | 3 | 3 | 8 | 9 | 12 | 15 |
| EPS in Rs | — | — | — | 6.38 | 8.19 | 10.26 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 14 | 14 | 16 |
| Reserves | 29 | 32 | 38 | 74 | 85 | 85 |
| Borrowings | 18 | 21 | 55 | 67 | 110 | 81 |
| Other Liabilities | 11 | 13 | 20 | 25 | 42 | 29 |
| Total Liabilities | 61 | 69 | 116 | 180 | 252 | 212 |
| Fixed Assets | 40 | 45 | 69 | 73 | 202 | 145 |
| CWIP | 0 | 1 | 23 | 51 | 3 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 21 | 23 | 24 | 55 | 46 | 60 |
| Total Assets | 61 | 69 | 116 | 180 | 252 | 212 |

### Cash Flow

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 12 | 11 | 21 | -6 | 55 | 13 |
| Cash from Investing Activity | 0 | -12 | -50 | -37 | -88 | 11 |
| Cash from Financing Activity | -12 | 1 | 31 | 46 | 36 | -14 |
| Net Cash Flow | 0 | 1 | 2 | 2 | 3 | 10 |
| Free Cash Flow | 12 | 0 | -29 | -43 | -34 | 24 |
| CFO/OP | 104 | 102 | 136 | -21 | 175 | 52 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 63 | 47 | 41 | 48 | 51 | 85 |
| Inventory Days | — | — | — | — | — | 0 |
| Cash Conversion Cycle | 63 | 47 | 41 | 48 | 51 | 85 |
| Working Capital Days | 0 | -5 | -81 | 44 | -6 | 43 |
| ROCE % | — | 12 | 18 | 14 | 13 | 9 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.44% | 69.44% | 69.44% | 69.44% | 69.44% | 61.78% |
| FIIs | 0% | 0% | 0% | 0% | 0.07% | 7.88% |
| DIIs | 0% | 0% | 0% | 0% | 2.21% | 3.98% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 25.04% | 25.27% | 24.96% | 25.51% | 22.82% | 22.12% |
| Others | 5.53% | 5.28% | 5.59% | 5.04% | 5.45% | 4.24% |
| No. of Shareholders | 1428 | 1916 | 2031 | 2051 | 1749 | 1627 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 7 / 7

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 112.37 | Buy |
| EMA (10) | 113.27 | Buy |
| SMA (20) | 113.84 | Sell |
| EMA (20) | 113.78 | Sell |
| SMA (50) | 115.44 | Sell |
| EMA (50) | 114.71 | Sell |
| SMA (100) | 115.47 | Sell |
| EMA (100) | 113.95 | Sell |
| SMA (200) | 109.64 | Buy |
| EMA (200) | 111.78 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.97 | Neutral |
| MACD (12,26,9) | -0.79 | Buy |
| Stochastic (14,3,3) | 61.41 | Neutral |
| ADX (14) | 24.41 | Neutral |
| Williams %R (14) | -45.94 | Neutral |
| ATR (14) | 5.14 | High Volatility |
| ROC (12) | -0.44 | Sell |
| Stoch RSI (14) | 60.82 | Neutral |
| UO (7,14,28) | 57.33 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 March 2026 - Clarifies EPS omission in Q3 Dec 31, 2025 XBRL; revised XBRL submitted. | [Reply to Clarification- Financial results 9 March 2026 - Clarifies EPS omission in Q3 Dec 31, 2025 XBRL; revised XBRL submitted.](https://nsearchives.nseindia.com/corporate/SADHAV_02032026145758_Reply_Letter_XBRL_Financial_results_Query_Dec_2025.pdf) |
| 8 Sep - Sadhav Shipping's 29th AGM on 7 Sept 2026 passed 4 resolutions; meeting ended 11:47 a.m. | [Shareholders meeting 8 Sep - Sadhav Shipping's 29th AGM on 7 Sept 2026 passed 4 resolutions; meeting ended 11:47 a.m.](https://nsearchives.nseindia.com/corporate/SADHAV_08092026120821_Scruntizer_Report_AGM_FY_25-26.pdf) |
| 8 July 2026 - Filed Reconciliation of Share Capital Audit Report for quarter ended 30 June 2026; issued capital 1.61 crore shares. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 July 2026 - Filed Reconciliation of Share Capital Audit Report for quarter ended 30 June 2026; issued capital 1.61 crore shares.](https://nsearchives.nseindia.com/corporate/SADHAV_08072026115411_RECO_SCAR_Reg_76June2026.pdf) |
| 8 Jul - Submitted SDD compliance certificate for quarter ended 30 June 2026; no discrepancies found. | [Structural Digital Database 8 Jul - Submitted SDD compliance certificate for quarter ended 30 June 2026; no discrepancies found.](https://nsearchives.nseindia.com/corporate/SADHAV_08072026120244_Intimation_SDD_CertificateJune2026.pdf) |
| 8 Jul - SME-listed Sadhav Shipping says Q1 FY27 corporate governance report not applicable; related-party disclosures to continue. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 8 Jul - SME-listed Sadhav Shipping says Q1 FY27 corporate governance report not applicable; related-party disclosures to continue.](https://nsearchives.nseindia.com/corporate/SADHAV_08072026120604_Non-applicability_of_Corporate_GovernanceJune2026.pdf) |
| 8 April 2026 - Regulation 74(5) certificate submitted for quarter ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Regulation 74(5) certificate submitted for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/SADHAV_08042026175146_Reg_74_5__SSL_March_2026.pdf) |
| 8 April 2026 - Quarter ended 31 March 2026 investor complaints statement shows zero pending, received, disposed and unresolved. | [Integrated Filing- Governance 8 April 2026 - Quarter ended 31 March 2026 investor complaints statement shows zero pending, received, disposed and unresolved.](https://nsearchives.nseindia.com/corporate/SADHAV_08042026175926_Statement_of_Investor_Compliants_March_2026.pdf) |
| 8 April 2026 - NSE granted in-principle listing approval for 17,80,425 preferential equity shares on 8 April 2026. | [General Updates 8 April 2026 - NSE granted in-principle listing approval for 17,80,425 preferential equity shares on 8 April 2026.](https://nsearchives.nseindia.com/corporate/SADHAV_08042026185807_Intimation_Inprinciple_Listing_Approval.pdf) |
| 8 April 2026 - Filed share capital reconciliation audit report for quarter ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Filed share capital reconciliation audit report for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/SADHAV_08042026181631_Reco_Share_Capital_SSL_March_2026.pdf) |
| 8 April 2026 - Filed SDD compliance certificate for quarter ended 31 March 2026. | [Structural Digital Database 8 April 2026 - Filed SDD compliance certificate for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/SADHAV_08042026182602_SDD_Certificate_SSL_March_2026.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://nsearchives.nseindia.com/corporate/SADHAV_17092025130130_Investor_Presentation_Sept_2025_signed.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://nsearchives.nseindia.com/corporate/SADHAV_17022026161253_Intimation_Investor_Presentation_Dec_2025.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30305_SADHAV_2025_2026_A_7952010_12082026174628.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28909_SADHAV_2024_2025_A_6939430_08092025164234.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25651_SADHAV_2023_2024_04092024122744.pdf) |

---

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 2026-09-13T19:59:43.405Z.