SADHAV
Sadhav Shipping financials
- Market cap
- ₹190 Cr
- Sector
- Services
- Calls analysed
- 2
Sadhav Shipping Ltd Q1 FY27
What went well
- Q1 FY27 revenue of INR31.2 crores, demonstrating a positive start to the financial year.
- EBITDA of INR8 crores and an EBITDA margin of 25.3% in Q1 FY27, indicating strong profitability.
- Awarded a significant INR18 crores, seven-year pilot launch services contract from Mumbai Port, enhancing long-term revenue visibility.
What to watch
- Q1 FY27 revenue of INR31.2 crores is lower than Q4 FY26's INR34 crores, attributed to seasonal factors and pre-monsoon cargo movement.
- Monsoon season leads to non-deployment of some assets (e.g., Sadhav Anusha), causing a temporary loss of revenue.
Guidance record · Q1 FY27
what the last two calls moved 11 tracked 0 delivered 0 missed 11 open- Revenue Growth revised up said Q4 FY26 Promised: 15-20% for FY27 Q1 FY27: Management confirmed they will maintain guidance of 20% revenue growth for the financial year, firming up the target at the high end of the original range.
- Port Business Revenue Addition on track said Q4 FY26 Promised: Add INR 12-15 crores yearly Q1 FY27: The company is making progress by winning an INR 18 crore, 7-year contract from Mumbai Port and ordering new boats expected to add INR 4 crore in annual revenue, supporting the targeted revenue addition.
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
| Line item | Q1 FY24 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue | 18 | 28 | 34 | 31 |
| EBITDA | 5 | 6 | 7 | 8 |
| Net profit | 2 | 7 | 3 | 3 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +0.6% 1Y
1Y: ₹113 on 10 Sept 2025 → ₹113.65. High ₹124.8 (8 Jun 2026), low ₹93.8 (23 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −1.7%
- 12 Aug
- Q4 FY26
- 0.0%
- 21 May
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹14 Cr | ₹14 Cr | ₹16 Cr |
| Reserves | ₹29 Cr | ₹32 Cr | ₹38 Cr | ₹74 Cr | ₹89 Cr | ₹85 Cr |
| Borrowings | ₹18 Cr | ₹21 Cr | ₹55 Cr | ₹67 Cr | ₹97 Cr | ₹81 Cr |
| Other liabilities | ₹11 Cr | ₹13 Cr | ₹20 Cr | ₹25 Cr | ₹78 Cr | ₹29 Cr |
| Total liabilities | ₹61 Cr | ₹69 Cr | ₹116 Cr | ₹180 Cr | ₹279 Cr | ₹212 Cr |
| Fixed assets | ₹40 Cr | ₹45 Cr | ₹69 Cr | ₹73 Cr | ₹217 Cr | ₹145 Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹23 Cr | ₹51 Cr | ₹8 Cr | ₹7 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹21 Cr | ₹23 Cr | ₹24 Cr | ₹55 Cr | ₹54 Cr | ₹60 Cr |
| Total assets | ₹61 Cr | ₹69 Cr | ₹116 Cr | ₹180 Cr | ₹279 Cr | ₹212 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Mar 2025, FIIs added +7.84 pp while promoters trimmed −7.66 pp. The shareholder count shrank 20% to 1,627.
- Promoters
- 61.8%
- FIIs
- 7.9%
- DIIs
- 4.0%
- Public
- 26.4%
Since Mar 2025
- FIIs +7.84 pp
- Promoters −7.66 pp
- Public −4.16 pp
How it drifted, 6 quarters
Over this window FIIs went from 0.0% to 7.9% — +7.8 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 69.4%, FIIs 0.0%, Public 30.5%.Sep '24: Promoters 69.4%, FIIs 0.1%, Public 30.5%.Mar '25: Promoters 69.4%, FIIs 0.0%, Public 30.5%.Sep '25: Promoters 69.4%, DIIs 0.1%, Public 30.5%.Mar '26: Promoters 69.4%, FIIs 0.1%, DIIs 2.2%, Public 28.3%.Jun '26: Promoters 61.8%, FIIs 7.9%, DIIs 4.0%, Public 26.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Aegis Investment Fund Pcc FPI fund newly disclosed 7.88% held
- Niveza Small Cap Fund AIF +1.80 pp 3.49% held
- Llp newly disclosed 0.01% held
- Lopamudra Sahoo newly disclosed 0.00% held
The same filing shows 4 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Sadhav Shipping Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Kamal Kant Choudhury | 40.47% | −5.02 pp |
| Sadhana Choudhury | 16.03% | −1.99 pp |
| Aegis Investment Fund Pcc FPI fund | 7.88% | newly disclosed |
| Vedant Choudhury | 3.65% | −0.45 pp |
| Niveza Small Cap Fund AIF | 3.49% | +1.80 pp |
| Devahuti Choudhury | 1.63% | −0.20 pp |
| Abhas Chandra Choudhury | 0.01% | unchanged |
| Llp | 0.01% | newly disclosed |
| Lopamudra Sahoo | 0.00% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- 2.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (2)
Read the Q1 FY27 call →Learn to analyse Sadhav Shipping Ltd
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