- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0001373

About Sadhav Shipping Limited
Data last updated:
Sadhav Shipping Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the transportation and logistics segment of the transportation sector. It was incorporated on 16 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L35100MH1996PLC101909. Its GSTIN is 27AAECS2750A1ZR (Maharashtra). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on NSE: SADHAV.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹16.13 Cr. It was formerly known as Homa Offshore & Shipping Co P Ltd and Homa Offshore and Shipping Company Private Limited. It is led by directors including Kamal Kant Biswanath Choudhury (Managing Director) and Sadhana Choudhury (Whole-Time Director).
Its last annual general meeting (AGM) was held on 07 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 521 5th Floor Loha Bhavan P.D'Mello Road Masjid (East), Mumbai, Maharashtra, India – 400009.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹97.55 Cr, a growth of 0.7% compared to the previous year. For the same year it recorded a net profit of ₹14.71 Cr (net margin 15.1%) and EBITDA of ₹24.79 Cr (EBITDA margin 25.4%).
The company is associated with 2 brands: Sadhav and Sadhav Shipping. As per MCA filings, the company has open charges of ₹408.6 Cr and satisfied charges of ₹58.99 Cr on record. Court records list 17 cases involving the company, including 6 filed by the company and 11 filed against it; 3 cases are pending. The company has 1 deal on record (1 ipo); the latest was in February 2024. Its 6 peer companies in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 3 larger and 3 smaller; the largest is Seatech Shipping & Projects (I) Private Limited with revenue of ₹104.4 Cr.
Sadhav Shipping Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0001373). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sadhav.com.
Company details
Name history
Sadhav Shipping has undergone 2 name changes throughout its history. The company was previously known as Homa Offshore & Shipping Co P Ltd, and Homa Offshore And Shipping Company Private Limited. The current legal name is Sadhav Shipping Limited.
| Company Name | Status |
|---|---|
| Sadhav Shipping Limited | Current |
| Homa Offshore & Shipping Co P Ltd | Previous |
| Homa Offshore And Shipping Company Private Limited | Previous |
CIN history
Sadhav Shipping has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L35100MH1996PLC101909, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L35100MH1996PLC101909 | Current |
| U35100MH1996PLC101909 | Previous |
| U35100MH1996PTC101909 | Previous |
Recognitions & Rankings of Sadhav Shipping
Contact details
Sadhav Shipping Limited's registered office is in Mumbai, Maharashtra.
- Registered Address521 5th Floor Loha Bhavan P.D'Mello Road Masjid (East), Mumbai, Maharashtra, India – 400009
- IndustryTransportation, Transportation 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
Brands
Sadhav Shipping operates two associated brands: Sadhav and Sadhav Shipping. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offshore logistics, port, and oil spill response services are provided. | sadhavshipping.com | |
| Marine logistics, engineering, and ship repair services in India. | sadhav.com |
Business activity
The main business activity of Sadhav Shipping 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 Sadhav Shipping Limited, buy the company report.
Financials of Sadhav Shipping Limited
FY 2025-26 filings availableSadhav Shipping Limited reported revenue of ₹97.55 Cr (up 0.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 97.55 | 96.86 | 84.25 | 77.81 | 69.55 | 60.57 |
| Revenue growth | +0.7% | +15.0% | +8.3% | +11.9% | +14.8% | - |
| EBITDA | 24.79 | 31.28 | 21.52 | 17.31 | 12.22 | 12.36 |
| EBITDA margin | +25.4% | +32.3% | +25.5% | +22.3% | +17.6% | +20.4% |
| Profit before tax | 10.66 | 17.42 | 12.18 | 9.88 | 4.23 | 4.58 |
| Net profit | 14.71 | 11.85 | 9.30 | 7.17 | 3.01 | 3.31 |
| Net profit margin | +15.1% | +12.2% | +11.0% | +9.2% | +4.3% | +5.5% |
| EPS (₹) | 9.13 | 8.19 | 6.37 | 26.26 | 10.19 | 11.20 |
| Balance sheet | ||||||
| Total assets | - | 211 | 156 | 97.04 | 55.87 | 49.82 |
| Net worth | - | 99.47 | 88.01 | 40.94 | 35.03 | 32.05 |
| Total debt | - | 110 | 67.03 | 55.28 | 20.83 | 17.76 |
| Cash & bank | - | 9.75 | 6.98 | 4.90 | 3.25 | 2.39 |
| Net working capital | - | 17.31 | 25.68 | 9.63 | 13.41 | 12.72 |
| Cash flow | ||||||
| Cash from operations | - | 54.75 | (6.37) | 20.99 | 11.49 | 11.89 |
| Cash from investing | - | (88.36) | (37.11) | (49.98) | (11.59) | (0.29) |
| Cash from financing | - | 36.38 | 45.56 | 30.63 | 0.95 | (11.54) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|
| Revenue | 31.23 | 34.34 | 28.23 | 15.83 | 17.86 |
| Other income | 0.34 | 0.54 | 0.18 | 0.16 | 0.00 |
| Total expenses | 23.57 | 27.47 | 22.54 | 11.20 | 12.89 |
| EBITDA | 7.66 | 6.87 | 5.69 | 4.63 | 4.97 |
| EBITDA margin | +24.5% | +20.0% | +20.2% | +29.2% | +27.8% |
| Depreciation | 2.22 | 1.99 | 2.22 | 1.07 | 1.07 |
| Interest | 1.54 | 1.90 | 2.00 | 1.12 | 1.06 |
| Profit before tax | 4.24 | 3.52 | 1.65 | 2.60 | 2.84 |
| Tax | 0.85 | 0.36 | (5.76) | 0.65 | 0.72 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|
| Revenue | 31.23 | 34.34 | 28.23 | 15.83 | 17.86 |
| Other income | 0.34 | 0.54 | 0.18 | 0.16 | 0.00 |
| Total expenses | 23.57 | 27.47 | 22.54 | 11.20 | 12.89 |
| EBITDA | 7.66 | 6.87 | 5.69 | 4.63 | 4.97 |
| EBITDA margin | +24.5% | +20.0% | +20.2% | +29.2% | +27.8% |
| Depreciation | 2.22 | 1.99 | 2.22 | 1.07 | 1.07 |
| Interest | 1.54 | 1.90 | 2.00 | 1.12 | 1.06 |
| Profit before tax | 4.24 | 3.52 | 1.65 | 2.60 | 2.84 |
| Tax | 0.85 | 0.36 | (5.76) | 0.65 | 0.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 97.55 | 96.86 | 84.25 | 77.81 | 69.55 | 60.57 |
| Revenue growth | +0.7% | +15.0% | +8.3% | +11.9% | +14.8% | - |
| Other income | 1.03 | 0.58 | 0.46 | 1.10 | 0.23 | 0.67 |
| Total expenses | 72.76 | 65.58 | 62.73 | 60.50 | 57.33 | 48.21 |
| Employee cost | 0.00 | 14.98 | 14.57 | 16.89 | 13.68 | 11.54 |
| EBITDA | 24.79 | 31.28 | 21.52 | 17.31 | 12.22 | 12.36 |
| EBITDA margin | +25.4% | +32.3% | +25.5% | +22.3% | +17.6% | +20.4% |
| Depreciation | 8.39 | 7.47 | 4.38 | 4.37 | 5.93 | 6.29 |
| Interest | 6.77 | 6.97 | 5.42 | 4.16 | 2.29 | 2.16 |
| Profit before tax | 10.66 | 17.42 | 12.18 | 9.88 | 4.23 | 4.58 |
| Tax | (4.05) | 5.66 | 3.02 | 2.14 | 1.22 | 1.27 |
| Net profit | 14.71 | 11.85 | 9.30 | 7.17 | 3.01 | 3.31 |
| Net profit margin | +15.1% | +12.2% | +11.0% | +9.2% | +4.3% | +5.5% |
| EPS (₹) | 9.13 | 8.19 | 6.37 | 26.26 | 10.19 | 11.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | - | 14.35 | 14.35 | 2.95 | 2.95 | 2.95 |
| Reserves & surplus | - | 85.12 | 73.66 | 37.99 | 32.08 | 29.10 |
| Shareholders' funds (net worth) | - | 99.47 | 88.01 | 40.94 | 35.03 | 32.05 |
| Secured loans | - | 95.82 | 54.83 | 36.26 | 16.45 | 14.77 |
| Unsecured loans | - | 14.48 | 12.20 | 19.02 | 4.38 | 2.99 |
| Total debt | - | 110 | 67.03 | 55.28 | 20.83 | 17.76 |
| Total liabilities | - | 211 | 156 | 97.04 | 55.87 | 49.82 |
| Assets | ||||||
| Gross block | - | 273 | 137 | 128 | 100 | 91.29 |
| Net block | - | 202 | 73.40 | 68.90 | 45.27 | 40.25 |
| Capital work in progress | - | 3.06 | 51.26 | 22.98 | 1.00 | 0.35 |
| Investments | - | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Inventories | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | - | 13.65 | 11.10 | 8.83 | 8.92 | 10.48 |
| Cash & bank balances | - | 9.75 | 6.98 | 4.90 | 3.25 | 2.39 |
| Loans & advances | - | 22.65 | 24.49 | 9.96 | 10.65 | 7.68 |
| Total current assets | - | 46.05 | 42.57 | 23.69 | 22.82 | 20.55 |
| Total current liabilities | - | 28.74 | 16.89 | 14.06 | 9.41 | 7.83 |
| Net working capital | - | 17.31 | 25.68 | 9.63 | 13.41 | 12.72 |
| Total assets | - | 211 | 156 | 97.04 | 55.87 | 49.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | - | 6.98 | 4.90 | 3.25 | 2.39 | 2.33 |
| Net cash from operating activities | - | 54.75 | (6.37) | 20.99 | 11.49 | 11.89 |
| Net cash from investing activities | - | (88.36) | (37.11) | (49.98) | (11.59) | (0.29) |
| Net cash from financing activities | - | 36.38 | 45.56 | 30.63 | 0.95 | (11.54) |
| Net change in cash | - | 2.77 | 2.08 | 1.65 | 0.86 | 0.06 |
| Closing cash | - | 9.75 | 6.98 | 4.90 | 3.25 | 2.39 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +0.7% | +15.0% | +8.3% | +11.9% | +14.8% | - |
| EBITDA growth | -20.8% | +45.4% | +24.3% | +41.7% | -1.1% | - |
| PBT growth | -38.8% | +43.0% | +23.3% | +133.6% | -7.6% | +9997.0% |
| Net income growth | +24.1% | +27.4% | +29.7% | +138.2% | -9.1% | - |
| Revenue CAGR (3Y) | +7.8% | +11.7% | +11.6% | - | - | - |
| EBITDA CAGR (3Y) | +12.7% | +36.8% | +20.3% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +15.1% | +12.1% | +10.9% | +10.0% | +4.3% | +5.5% |
| Return on capital employed | - | +13.3% | +13.9% | +18.4% | +12.3% | +13.5% |
| Return on net worth | - | +12.5% | +14.2% | +20.4% | +9.0% | +10.3% |
| Debt / equity | - | 0.95 | 0.95 | 1.00 | 0.58 | 0.55 |
| Long-term debt / equity | - | 0.85 | 0.71 | 0.57 | 0.26 | 0.23 |
| Interest cover | 41.28 | 29.27 | 31.62 | 32.15 | 36.41 | 35.58 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 0.47 | 0.64 | 0.68 | 0.73 | 0.66 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 7.83 | 8.45 | 8.77 | 7.17 | 5.78 |
| EPS (₹) | 9.13 | 8.19 | 6.37 | 26.26 | 10.19 | 11.20 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 69.30 | 61.32 | 138.68 | 118.66 | 108.57 |
To see the full year-wise statements and ratios of Sadhav Shipping Limited, buy the company report.
Board of directors of Sadhav Shipping Limited
Sadhav Shipping has 8 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Kant Biswanath Choudhury | Managing Director | 16 Aug 1996 | 30 Years 2 Months | Current |
| Sadhana Choudhury Also directs: Sadhav Offshore Engineering Private Limited | Whole-Time Director | 10 Feb 1999 | 27 Years 8 Months | Current |
| Subhas Chandra Choudhury | Director | 26 Sep 2008 | 18 Years 0 Months | Current |
| Vedant Kamalkant Choudhury | Whole-Time Director | 27 May 2017 | 9 Years 4 Months | Current |
| Rajiv Raghunath Pradhan | Director | 09 Feb 2026 | 0 Years 8 Months | Current |
| Satish Sharad Athaley | Director | 09 Feb 2026 | 0 Years 8 Months | Current |
Peer comparison
Sadhav Shipping Limited is compared with the 6 companies closest to it by revenue in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Seatech Shipping & Projects (I) Private Limited | ₹104.4 Cr (FY 2025) | 79.0% | Mumbai, Maharashtra, India | |||
| Anglo-Eastern Ship Management (India) Private Limited | ₹103.69 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Blue Bell Logistics Private Limited | ₹102.2 Cr (FY 2025) | 63.0% | New Delhi, Delhi, India | |||
| Sadhav Shipping Limitedthis company | ₹97.55 Cr (FY 2026) | ₹14.71 Cr | 15.1% | 0.7% | Mumbai, Maharashtra, India | |
| Pandorian Logistics Private Limited | ₹96.36 Cr (FY 2022) | 4.0% | Mumbai, Maharashtra, India | |||
| Aegon Shipping India Private Limited | ₹95.79 Cr (FY 2024) | -24.0% | Navi Mumbai, Maharashtra, India | |||
| Dariya Shipping Agencies Private Limited | ₹95.72 Cr (FY 2025) | -16.0% | Gandhidham, Gujarat, India |
To see the full peer comparison of Sadhav Shipping Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jun 2026 | 101328087 | Bank of India | ₹1.44 Cr | Open | |
| 17 Jun 2026 | 101328455 | Bank of India | ₹32.37 Cr | Open | |
| 30 Sep 2025 | 101175446 | Others | ₹5.42 Cr | Open | |
| 05 Oct 2024 | 100996688 | Yes Bank Limited | ₹19.3 Cr | Open | |
| 27 May 2024 | 100929284 | Others | ₹2.8 Cr | Open |
To see the full charge records of Sadhav Shipping Limited, buy the company report.
Total charge records: 46 View all charges
Deals & funding
Sadhav Shipping Limited has 1 deal on record (1 ipo); the latest was in February 2024.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | IPO | ₹38.18 Cr | Investors: Public Market Investors |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sadhav Shipping Limited has 17 court cases on record: 6 filed by Sadhav Shipping, 11 filed against it. 3 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 6 | 3 |
| District courts | 7 | 5 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed against the company by Bhambhani Shipping Limited | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Shree Venkatesh Engineering Works LLP | Pending |
| High Court | Writ petition | Filed against the company by M/S Yojaka India Private Limited, | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Ms Columbia Petro Chem Pvt.Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Ms Columbia Petro Chem Pvt.Ltd. | Disposed |
To see the full case history of Sadhav Shipping 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.
Credit ratings & regulatory alerts
Sadhav Shipping Limited was last rated by Care on 24 Apr 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Apr 2023 |
To see the full credit ratings and regulatory alerts of Sadhav Shipping Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sadhav Shipping Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sadhav Shipping has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS2750A1ZR | Maharashtra | Active | 01 Jul 2017 |
| 21AAECS2750A1Z3 | Odisha | Active | 12 Aug 2017 |
To see the full GST registrations and return filing status of Sadhav Shipping Limited, buy the company report.
Recent activity
Sadhav Shipping Limited has 19 board changes on record since 1996: 10 appointments and 9 cessations. The latest: Rajiv Raghunath Pradhan was appointed as Director on 09 Feb 2026.
83 earlier events are in the company report.
News
Frequently asked questions
Sadhav Shipping is an active public limited company based in Mumbai, Maharashtra, India. The company works in transportation services, within the transportation industry. It was incorporated on 16 August 1996 (30+ years old) and is registered under CIN L35100MH1996PLC101909. Listed on NSE: SADHAV.
Sadhav Shipping reported revenue of ₹97.55 Cr for FY 2025-26 (up 0.7% YoY) based on standalone financials.
Sadhav Shipping has 8 current directors:
- Kamal Kant Biswanath Choudhury - Managing Director
- Sadhana Choudhury - Whole-Time Director
- Vedant Kamalkant Choudhury - Whole-Time Director
- Subhas Chandra Choudhury - Director
- Rajiv Raghunath Pradhan - Director
- Satish Sharad Athaley - Director
- Kairali Gopi Nath - Director
- Bibekananda Satapathy - Director
The latest financial statements of Sadhav Shipping on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 07 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Sadhav Shipping is 27AAECS2750A1ZR, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 21AAECS2750A1Z3 (Odisha).
The CIN (Corporate Identification Number) of Sadhav Shipping is L35100MH1996PLC101909. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Sadhav Shipping is a listed company as per MCA records. Its shares are listed on NSE (symbol: SADHAV).
Sadhav Shipping has 17 court cases on record: 6 filed by the company and 11 filed against it. 3 are pending. Most are in the high courts.
Sadhav Shipping was incorporated on 16 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Sadhav Shipping has 1 deal on record (1 ipo); the latest was in February 2024.
The peers of Sadhav Shipping by revenue are Seatech Shipping & Projects (I) Private Limited, Anglo-Eastern Ship Management (India) Private Limited, Blue Bell Logistics Private Limited, Pandorian Logistics Private Limited, Aegon Shipping India Private Limited and 1 more, all in the Shipping industry (Shipping Services), with the same principal business activity (services incidental to land, water & air transportation).