Sadhav Shipping Limited - transportation in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L35100MH1996PLC101909 Incorporated 16 August 1996 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: SADHAV Public Limited Company transportation MSME · Medium
Data last updated
Market Cap
₹176 Cr
SADHAV-SM · NSE
Share Price
₹109.50
+0.46% today
Revenue
₹97.55 Cr
FY 2025-26 · +0.7% YoY
EBITDA
₹24.79 Cr
Margin 25.4%
Net Profit
₹14.71 Cr
FY 2025-26 · +24.1% YoY
P/E (TTM)
12.2x
P/B 1.8x
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹16.13 Cr
Issued & subscribed

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

CIN L35100MH1996PLC101909
Registration Number 101909
Incorporation Date 16 August 1996
ROC Mumbai
Listing Status Listed (NSE: SADHAV)
Company Status Active
Date of Last AGM 07 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0001373

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 NameStatus
Sadhav Shipping LimitedCurrent
Homa Offshore & Shipping Co P LtdPrevious
Homa Offshore And Shipping Company Private LimitedPrevious

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.

CINStatus
L35100MH1996PLC101909Current
U35100MH1996PLC101909Previous
U35100MH1996PTC101909Previous

Recognitions & Rankings of Sadhav Shipping

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0001373

Contact details

Sadhav Shipping Limited's registered office is in Mumbai, Maharashtra.

  • Registered Address
    521 5th Floor Loha Bhavan P.D'Mello Road Masjid (East), Mumbai, Maharashtra, India – 400009
  • Industry
    Transportation, Transportation Services
Comprehensive company report
Sadhav Shipping Limited - one report that includes everything
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  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Sadhav Shipping operates two associated brands: Sadhav and Sadhav Shipping. Each brand links to its own profile.

BrandDescriptionWebsite
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 codeMain activityBusiness activity codeBusiness activityShare of turnover
HTransport and storageH5Services 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 available

Sadhav Shipping Limited reported revenue of ₹97.55 Cr (up 0.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹97.55 Cr
+0.7% YoY
EBITDA
₹24.79 Cr
-20.7% YoY
Profit After Tax
₹14.71 Cr
+24.1% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue97.5596.8684.2577.8169.5560.57
Revenue growth+0.7%+15.0%+8.3%+11.9%+14.8%-
EBITDA24.7931.2821.5217.3112.2212.36
EBITDA margin+25.4%+32.3%+25.5%+22.3%+17.6%+20.4%
Profit before tax10.6617.4212.189.884.234.58
Net profit14.7111.859.307.173.013.31
Net profit margin+15.1%+12.2%+11.0%+9.2%+4.3%+5.5%
EPS (₹)9.138.196.3726.2610.1911.20
Balance sheet
Total assets-21115697.0455.8749.82
Net worth-99.4788.0140.9435.0332.05
Total debt-11067.0355.2820.8317.76
Cash & bank-9.756.984.903.252.39
Net working capital-17.3125.689.6313.4112.72
Cash flow
Cash from operations-54.75(6.37)20.9911.4911.89
Cash from investing-(88.36)(37.11)(49.98)(11.59)(0.29)
Cash from financing-36.3845.5630.630.95(11.54)
ParticularsJun 2026Mar 2026Dec 2025Sep 2023Jun 2023
Revenue31.2334.3428.2315.8317.86
Other income0.340.540.180.160.00
Total expenses23.5727.4722.5411.2012.89
EBITDA7.666.875.694.634.97
EBITDA margin+24.5%+20.0%+20.2%+29.2%+27.8%
Depreciation2.221.992.221.071.07
Interest1.541.902.001.121.06
Profit before tax4.243.521.652.602.84
Tax0.850.36(5.76)0.650.72

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2023Jun 2023
Revenue31.2334.3428.2315.8317.86
Other income0.340.540.180.160.00
Total expenses23.5727.4722.5411.2012.89
EBITDA7.666.875.694.634.97
EBITDA margin+24.5%+20.0%+20.2%+29.2%+27.8%
Depreciation2.221.992.221.071.07
Interest1.541.902.001.121.06
Profit before tax4.243.521.652.602.84
Tax0.850.36(5.76)0.650.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue97.5596.8684.2577.8169.5560.57
Revenue growth+0.7%+15.0%+8.3%+11.9%+14.8%-
Other income1.030.580.461.100.230.67
Total expenses72.7665.5862.7360.5057.3348.21
Employee cost0.0014.9814.5716.8913.6811.54
EBITDA24.7931.2821.5217.3112.2212.36
EBITDA margin+25.4%+32.3%+25.5%+22.3%+17.6%+20.4%
Depreciation8.397.474.384.375.936.29
Interest6.776.975.424.162.292.16
Profit before tax10.6617.4212.189.884.234.58
Tax(4.05)5.663.022.141.221.27
Net profit14.7111.859.307.173.013.31
Net profit margin+15.1%+12.2%+11.0%+9.2%+4.3%+5.5%
EPS (₹)9.138.196.3726.2610.1911.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital-14.3514.352.952.952.95
Reserves & surplus-85.1273.6637.9932.0829.10
Shareholders' funds (net worth)-99.4788.0140.9435.0332.05
Secured loans-95.8254.8336.2616.4514.77
Unsecured loans-14.4812.2019.024.382.99
Total debt-11067.0355.2820.8317.76
Total liabilities-21115697.0455.8749.82
Assets
Gross block-27313712810091.29
Net block-20273.4068.9045.2740.25
Capital work in progress-3.0651.2622.981.000.35
Investments-0.000.000.000.010.01
Inventories-0.000.000.000.000.00
Sundry debtors-13.6511.108.838.9210.48
Cash & bank balances-9.756.984.903.252.39
Loans & advances-22.6524.499.9610.657.68
Total current assets-46.0542.5723.6922.8220.55
Total current liabilities-28.7416.8914.069.417.83
Net working capital-17.3125.689.6313.4112.72
Total assets-21115697.0455.8749.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash-6.984.903.252.392.33
Net cash from operating activities-54.75(6.37)20.9911.4911.89
Net cash from investing activities-(88.36)(37.11)(49.98)(11.59)(0.29)
Net cash from financing activities-36.3845.5630.630.95(11.54)
Net change in cash-2.772.081.650.860.06
Closing cash-9.756.984.903.252.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-0.950.951.000.580.55
Long-term debt / equity-0.850.710.570.260.23
Interest cover41.2829.2731.6232.1536.4135.58
Efficiency & per share
Fixed asset turnover-0.470.640.680.730.66
Inventory turnover-0.000.000.000.000.00
Debtors turnover-7.838.458.777.175.78
EPS (₹)9.138.196.3726.2610.1911.20
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)0.0069.3061.32138.68118.66108.57

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.

Current Directors
NameDesignationAppointment DateTenureStatus
Kamal Kant Biswanath ChoudhuryManaging Director16 Aug 199630 Years 2 MonthsCurrent
Sadhana ChoudhuryWhole-Time Director10 Feb 199927 Years 8 MonthsCurrent
Subhas Chandra ChoudhuryDirector26 Sep 200818 Years 0 MonthsCurrent
Vedant Kamalkant ChoudhuryWhole-Time Director27 May 20179 Years 4 MonthsCurrent
Rajiv Raghunath PradhanDirector09 Feb 20260 Years 8 MonthsCurrent
Satish Sharad AthaleyDirector09 Feb 20260 Years 8 MonthsCurrent
Showing 6 of 8 current directors. View all directors

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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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 Cr15.1%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

Open charges
₹408.6 Cr
Satisfied charges
₹58.99 Cr
Breakdown by lending institutions
Bank of India₹314.47 Cr
Others₹72.93 Cr
Yes Bank Limited₹19.30 Cr
Sicom Limited₹1.90 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
17 Jun 2026101328087Bank of India₹1.44 CrOpen
17 Jun 2026101328455Bank of India₹32.37 CrOpen
30 Sep 2025101175446Others₹5.42 CrOpen
05 Oct 2024100996688Yes Bank Limited₹19.3 CrOpen
27 May 2024100929284Others₹2.8 CrOpen

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.

Total deals
1
IPO
1

Deals on record (1 of 1)

WhenDealAmountParties
Feb 2024IPO₹38.18 CrInvestors: Public Market Investors

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Sadhav Shipping Limited was last rated by Care on 24 Apr 2023.

Rating agencyRated onRating
Care24 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.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AAECS2750A1ZRMaharashtraActive01 Jul 2017
21AAECS2750A1Z3OdishaActive12 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.

AGM
Sadhav Shipping Limited last Annual general meeting of members was held on 07 Sep 2026 as per latest MCA records.
Charges
A charge with Bank Of India amounted to Rs. 1.44 Cr with Charge ID 101328087 was registered on 17 Jun 2026.
Charges
A charge with Bank Of India amounted to Rs. 32.37 Cr with Charge ID 101328455 was registered on 17 Jun 2026.
Filing
Sadhav Shipping Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Rajiv Raghunath Pradhan was appointed as Director.
Appointed
Satish Sharad Athaley was appointed as Director.
Charges
A charge with Others amounted to Rs. 5.42 Cr with Charge ID 101175446 was registered on 30 Sep 2025.
Ceased
Bibekananda Satapathy ceased to be Additional Director.
Ceased
Kairali Gopi Nath ceased to be Additional Director.
Charges
A charge registered on 13 Jan 2023 via Charge ID 100667948 with Bank Of India was fully satisfied on 15 Sep 2025.
Appointed
Bibekananda Satapathy was appointed as Director.
Appointed
Kairali Gopi Nath was appointed as Director.

83 earlier events are in the company report.

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:

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).