About Adel Shipping & Logistics Limited
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Adel Shipping & Logistics Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Adel Shipping Holdings Limited. It operates in the dredging and marine engineering services segment of the infrastructure and utilities sector. It was incorporated on 08 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63000MH2010PLC199815. Its GSTIN is 27AAICA2170J1ZO (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹24 Cr and a paid-up capital of ₹1.92 Cr. It is led by directors including Anant Dhandhania (Whole-Time Director) and Karan Agrawal.
Its last annual general meeting (AGM) was held on 14 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Adel Shipping & Logistics Limited # 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 2022, the company reported a revenue of ₹26.33 Cr, a growth of 65% compared to the previous year. For the same year it recorded a net profit of ₹4.24 Cr (net margin 16.1%) and EBITDA of ₹7.77 Cr (EBITDA margin 29.5%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 8% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹42.71 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
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.
Company details
Contact details
Adel Shipping & Logistics Limited's registered office is in Mumbai, Maharashtra. Its website is adelgroup.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressAdel Shipping & Logistics Limited # 29 7th Floor Tower 2A North Annex One World Centre Lower Parel, Mumbai – 400 013 Maharashtra India, Maharashtra, India – 400013
- IndustryInfrastructure and Utilities, Dredging & Marine Engineering Services
To see the full contact details of Adel Shipping & Logistics Limited, buy the company report.
- 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
Business activity
The main business activity of Adel Shipping & Logistics is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Adel Shipping & Logistics Limited, buy the company report.
Financials of Adel Shipping & Logistics Limited
FY 2023 filings availableAdel Shipping & Logistics Limited reported revenue of ₹26.33 Cr (up 65% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 65% growth in the latest year. EBITDA fell 15% in the latest year. 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹7.77 Cr | ||||
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| Net Profit (PAT) | ₹4.24 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 29.5% | ||||
| Net Profit Margin | 16.1% | ||||
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To see the full financial statements and ratios of Adel Shipping & Logistics Limited, buy the company report.
Board of directors of Adel Shipping & Logistics Limited
Adel Shipping & Logistics has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anant Dhandhania | Whole-Time Director | 08 Feb 2010 | 16 Years 8 Months | Current |
| Habib Jan | Additional Director | 08 Apr 2019 | 7 Years 6 Months | Current |
| Karan Agrawal | Director | 01 Sep 2014 | 12 Years 1 Months | Current |
Auditor
Adel Shipping & Logistics Limited is audited by J K DOSHI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J K DOSHI & CO | FY 2021 | 102720W |
Shareholding
The shareholding of Adel Shipping & Logistics Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Adel Shipping & Logistics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2010 | 10220756 | Axis Trustee Services Limited | ₹42.71 Cr | Satisfied |
To see the full charge records of Adel Shipping & Logistics Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Adel Shipping & Logistics Limited has 2 court cases on record: 2 filed by Adel Shipping & Logistics. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Adel Shipping & Logistics Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Adel Shipping & Logistics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Adel Shipping & Logistics has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Adel Shipping Limited | U61200MH2016PLC272269 |
To see the full group structure of Adel Shipping & Logistics Limited, buy the company report.
GST
Adel Shipping & Logistics has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICA2170J1ZO | Maharashtra | Active | 01 Jul 2017 |
| 29AAICA2170J1ZK | Karnataka | Active | 01 Oct 2019 |
To see the full GST registrations and return filing status of Adel Shipping & Logistics Limited, buy the company report.
Recent activity
Adel Shipping & Logistics Limited has 9 board changes on record since 2010: 3 appointments and 6 cessations. The latest: Habib Jan was appointed as Additional Director on 08 Apr 2019.
3 earlier events are in the company report.
Frequently asked questions
Adel Shipping & Logistics is an active public limited company based in Mumbai, Maharashtra, India. The company works in dredging and marine engineering services, within the infrastructure and utilities industry. It was incorporated on 08 February 2010 (16+ years old) and is registered under CIN U63000MH2010PLC199815.
Adel Shipping & Logistics has 3 current directors:
- Anant Dhandhania - Whole-Time Director
- Habib Jan - Additional Director
- Karan Agrawal - Director
The latest financial statements of Adel Shipping & Logistics on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 14 November 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Adel Shipping & Logistics is 27AAICA2170J1ZO, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAICA2170J1ZK (Karnataka).
The CIN (Corporate Identification Number) of Adel Shipping & Logistics is U63000MH2010PLC199815. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adel Shipping & Logistics has 2 court cases on record: 2 filed by the company.
Adel Shipping & Logistics was incorporated on 08 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Habib Jan was appointed as Additional Director on 08 Apr 2019. Punit Prakash ceased to be Director on 02 Sep 2015. Anant Dhandhania ceased to be Director on 23 Oct 2014. Adel Shipping & Logistics has 9 board changes on record in total.
Adel Shipping & Logistics can be reached through the website adelgroup.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Adel Shipping & Logistics is at Adel Shipping & Logistics # 29 7th Floor Tower 2A North Annex One World Centre Lower Parel, Mumbai – 400 013 Maharashtra India, Maharashtra, India – 400013.
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