Apply This IPO

Best Margin

Zero Brokerage

24*7 Customer Support.

Fastest mobile support

---

Apply with Angel One

Apply with Zerodha

Pre-Apply with Upstox

Sadhav Shipping Limited IPO Review

Sadhav Shipping Limited IPO was established in 1996 with the aim of possessing and managing top-notch marine assets to cater to their customers. Presently, Sadhav possesses and manages over 20 ships across different segments of India's maritime industry. They oversee and handle port crafts and offer fast security boats for patrol services, which form their Port Services division. As the owner and operator of over 20 vessels, they prioritize excellent ship management and customer-focused processes, establishing them as a trusted service provider in India's Maritime Sector.

Sadhav is deeply invested in India's maritime advancement and is dedicated to owning and operating vessels. With over 20 ships in their fleet, they prioritize excellent ship management and customer-focused processes, establishing them as a trusted service provider in India's maritime industry. Their vision aims to build a strong foundation that serves both the company and society's greater good. They prioritize grounded values and corporate ethics to ensure long-term success and benefit for all stakeholders.

Sadhav Shipping Limited Products and Services

Sadhav Shipping Limited Services are Offshore Logistics, Port Services, Pilots Boats, Survey Boats, Work Boats, they secure long-term charter agreements with ports or private entities for all the services they offer. Only after obtaining a confirmed charter from the port, they acquire or modify harbor crafts/vessels to fulfill the order's specifications. This guarantees that none of their boats are idle and that they are customized precisely to meet the client's needs.

sadhav shipping ltd strongly believe that having motivated and employed employees is essential for the success of their operations and business approach. Presently, their company benefits from a vibrant workforce comprising skilled professionals. These individuals receive support from office and administrative personnel as finance experts. Their strong emphasis on top-notch ship management and prioritizing customer satisfaction has solidified their reputation as the trusted service provider in India's maritime industry.

Financial Overview

In terms of financial performance, over the last three fiscal years, the company has recorded a total income and net profit as follows: Rs. 61.24 crore / Rs. 3.31 crore (FY21), Rs. 69.78 crore / Rs. 3.01 crore (FY22), and Rs. 78.91 crore / Rs. 7.75 crore (FY23).  The company operates marine assets and offers logistics and port-related services. It experienced growth in revenue and profit, except for FY22 when profits were lower due to the pandemic's impact on the industry.  The stock seems valued based on its expected earnings for FY24. However, investors might find it attractive for potential medium to long-term gains.