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Earnings Call

Sadhav Shipping Earnings Call: Key Takeaways

Sadhav Shipping delivered a 25% profit jump in FY26 despite flat revenue, masking a ₹34 crore loss from a failed Nigeria vessel project and operational delays.

Why this was an Alfa AlertNot a filter event. Revenue was flat and margins contracted significantly despite profit growth.
Highlights
Revenue growthBroadly flat at ₹97.55cr; impacted by Nigeria project exit.
MarginsEBITDA margin dropped from 30% to 20% due to mobilization delays.
Order book₹400 crore order book spanning 3 to 10 years.
Demand visibilityStrong visibility via ONGC contracts and 48% increase in shipping budget.
Management confidenceCautiously optimistic; focusing on 'foundation building' over immediate top-line growth.

Growth

Net profit grew 25% to ₹14.72cr; revenue stagnated at ₹97.55cr due to mobilization delays and the Nigeria exit.

Outlook

Guidance for FY27 revenue at ₹115-120cr with EBITDA margins recovering to 30%.

Risks

Significant asset write-downs (₹34cr) and margin compression from 30% to 20% indicate execution fragility.

Source

Earnings Call filed with NSE, NSE: SADHAV. Summary written with AI assistance from the document.

Read the document ↗

Sadhav Shipping Ltd: key numbers

Share price
₹104.00
Market cap
₹167.8 Cr
Revenue (annual)
₹97.55 Cr
Net profit (annual)
₹14.72 Cr
P/E (TTM)
11.4×Sector 29.0×
Promoter holding
61.78%-7.66% QoQ
FII holding
7.88%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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