About Adel Shipping Limited
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Adel Shipping Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Adel Shipping & Logistics Limited. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 21 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U61200MH2016PLC272269. Its GSTIN is 27AAOCA0874F1ZK (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹6.45 Cr. It is led by directors including Anant Dhandhania and Habib Jan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Adel Shipping Limited Tbq # 29 7th Floor Tower 2A North Annex, One World Centre Lower Parel Mumbai – 400 013 Maharashtra India, Maharashtra, India – 400013.
As per the financials filed for FY 2023, the company reported a revenue of ₹15.11 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9.97 Cr (net margin 66%) and EBITDA of ₹11.89 Cr (EBITDA margin 78.7%). Revenue has grown at a compounded annual rate (CAGR) of 257% over three years and 370% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adelgroup.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressAdel Shipping Limited Tbq # 29 7th Floor Tower 2A North Annex, One World Centre Lower Parel Mumbai – 400 013 Maharashtra India, Maharashtra, India – 400013
- IndustryTransport and Logistics, Shipping & Maritime Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Adel Shipping Limited
The main business activity of Adel Shipping is transport and storage. In detail, this covers water transport.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Adel Shipping Limited
Adel Shipping Limited is audited by J K DOSHI & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J K DOSHI & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Adel Shipping Limited
Adel Shipping has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anant Dhandhania | Director | 21 Jan 2016 | 10 Years 8 Months | Current |
| Habib Jan | Director | 21 Jan 2016 | 10 Years 8 Months | Current |
| Karan Agrawal | Director | 05 Apr 2021 | 5 Years 6 Months | Current |
Financials of Adel Shipping Limited FY 2024 filings available
Adel Shipping Limited reported revenue of ₹15.11 Cr (up 1753% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Adel Shipping Limited
Revenue has grown at a compounded annual rate (CAGR) of 370% over five years. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Adel Shipping Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹11.89 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.97 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Adel Shipping Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 78.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 66% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Adel Shipping are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Adel Shipping Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Adel Shipping Limited
Adel Shipping Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Adel Shipping Limited
Employment history and EPFO contributions of people linked to Adel Shipping.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Adel Shipping Limited
Adel Shipping has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCA0874F1ZK | Maharashtra | Active | 01 Jul 2017 |
| 29AAOCA0874F1ZG | Karnataka | Active | 20 Sep 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Adel Shipping Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Adel Shipping Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Adel Shipping Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Adel Shipping Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Adel Shipping Limited
Frequently Asked Questions about Adel Shipping Limited
Adel Shipping is an active public limited company based in Mumbai, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 21 January 2016 (10+ years old) and is registered under CIN U61200MH2016PLC272269.
Adel Shipping reported revenue of ₹15.11 Cr for FY 2023 (up 1753% YoY).
Adel Shipping has 3 current directors:
- Anant Dhandhania - Director
- Habib Jan - Director
- Karan Agrawal - Director
Adel Shipping reported a net profit of ₹9.97 Cr (net margin 66%) and EBITDA of ₹11.89 Cr (EBITDA margin 78.7%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Adel Shipping is 257% over three years and 370% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Adel Shipping is 27AAOCA0874F1ZK, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAOCA0874F1ZG (Karnataka).
The CIN (Corporate Identification Number) of Adel Shipping is U61200MH2016PLC272269. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adel Shipping was incorporated on 21 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Adel Shipping can be reached through the website adelgroup.in. Its registered office is in Mumbai, Maharashtra, India.