Shahi Shipping Limited

BSE: 526508
Shahi Shipping Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L61100MH1990PLC058680 Incorporated 26 October 1990 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 526508 Public Limited Company transport and logistics MSME · Small
Data last updated
Market Cap
₹15.29 Cr
SHAHISHIP · BSE
Share Price
₹10.10
-4.27% today
Revenue
₹6.46 Cr
FY 2025-26 · -38.9% YoY
EBITDA
−₹0.67 Cr
Margin -10.4%
Net Profit
−₹1.75 Cr
FY 2025-26 · -179.9% YoY
P/E (TTM)
4.7x
P/B 0.3x
Debt / Equity
5.41
Interest cover -42.1x
Authorised capital
₹30 Cr
Registered with MCA

About Shahi Shipping Limited

Data last updated:

Shahi Shipping Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 26 October 1990 and has been in existence for over 36 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L61100MH1990PLC058680. Its GSTIN is 27AAACS5407J1ZC (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 526508.

The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹14.49 Cr. It was formerly known as Sks Logistics Limited and Sks (Ship) Limited. It is led by directors including Sarvesh Kumar Shahi (Managing Director) and Sanjeev Kumar Singh.

Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 404 Abhay Steel House4 Th Floor Baroda Street, Mumbai, Maharashtra, India – 400009.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹6.46 Cr, a decline of 38.9% compared to the previous year. For the same year it recorded a net loss of ₹1.75 Cr (net margin -27.1%) and EBITDA of -₹67 Lakh (EBITDA margin -10.4%). The net worth stands at ₹47 Lakh (down 79.6% YoY). Total assets are valued at ₹9.61 Cr (up 9.6% YoY).

The company has about 9 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Shahi Shipping. As per MCA filings, the company has open charges of ₹50.04 Cr and satisfied charges of ₹134.59 Cr on record. Court records list 142 cases involving the company, including 54 filed by the company and 88 filed against it; 10 cases are pending. The company has 12 deals on record (12 market trades); the latest was in August 2010.

Shahi Shipping Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0009939). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shahilogistics.com.

Company details

CIN L61100MH1990PLC058680
Registration Number 058680
Incorporation Date 26 October 1990
ROC Mumbai
Listing Status Listed - Listed on BSE (526508)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0009939

Name history

Shahi Shipping has undergone 3 name changes throughout its history. The company was previously known as Sks Logistics Limited, Sks (Ship) Limited, and Shahi Shipping & Transport Private Limited. The current legal name is Shahi Shipping Limited.

Company NameStatus
Shahi Shipping LimitedCurrent
Sks Logistics LimitedPrevious
Sks (Ship) LimitedPrevious
Shahi Shipping & Transport Private LimitedPrevious
Key People
Sarvesh Kumar Shahi Managing Director Sanjeev Kumar Singh Director Omprakash Ramdhin Singh Director

Recognitions & Rankings of Shahi Shipping

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-19-0009939

Contact details

Shahi Shipping Limited's registered office is in Mumbai, Maharashtra. Its website is shahilogistics.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    shahilogistics.com
  • Social Media
  • Registered Address
    404 Abhay Steel House4 Th Floor Baroda Street, Mumbai, Maharashtra, India – 400009
  • Industry
    Transport and Logistics, Shipping & Maritime Services

To see the full contact details of Shahi Shipping Limited, buy the company report.

Comprehensive company report
Shahi Shipping Limited - one report that includes everything
  • 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
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Brands

Shahi Shipping operates one associated brand: Shahi Shipping. Each brand links to its own profile.

BrandDescriptionWebsite
Shahi Shipping
Barge operations and port-related activities are managed in India.shahilogistics.com

Business activity

The main business activity of Shahi Shipping is transport and storage. In detail, this covers water transport.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
HTransport and storageH3Water transport

To see the full business activity and turnover split of Shahi Shipping Limited, buy the company report.

Financials of Shahi Shipping Limited

FY 2025-26 filings available

Shahi Shipping Limited reported revenue of ₹6.46 Cr (down 38.9% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹6.46 Cr
-38.9% YoY
EBITDA
−₹0.67 Cr
+75.1% YoY
Profit After Tax
−₹1.75 Cr
-179.9% YoY
Net Worth
₹0.47 Cr
-79.6% YoY
Total Assets
₹9.61 Cr
+9.6% YoY
Total Debt
₹8.78 Cr
+41.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue6.4610.5812.4310.869.409.348.14
Revenue growth-38.9%-14.9%+14.5%+15.5%+0.6%+14.7%-
EBITDA(0.67)(2.69)2.020.19(1.17)(0.33)(1.79)
EBITDA margin-10.4%-25.4%+16.3%+1.8%-12.5%-3.5%-22.0%
Profit before tax(1.94)(3.75)2.450.36(0.16)(1.38)(3.23)
Net profit(1.75)2.192.53(0.04)(0.21)(1.12)(3.31)
Net profit margin-27.1%+20.7%+20.4%-0.4%-2.2%-12.0%-40.7%
EPS (₹)(1.26)(2.46)1.780.28(0.06)(0.78)(2.29)
Balance sheet
Total assets9.618.7711.5112.5013.5913.2013.62
Net worth0.472.305.873.282.872.963.87
Total debt8.786.205.398.9910.469.639.15
Cash & bank0.420.580.360.370.270.220.06
Net working capital0.481.04(2.82)(2.00)(2.98)(3.81)(3.76)
Cash flow
Cash from operations0.262.773.971.59(0.71)0.961.16
Cash from investing(2.40)(2.69)(0.04)0.370.150.000.19
Cash from financing1.990.13(3.93)(1.87)0.60(0.79)(1.52)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.881.591.671.441.763.072.481.97
Revenue growth (YoY)-50.0%-48.2%-32.7%-26.9%-42.5%---
Other income0.000.020.030.100.010.060.030.01
Total expenses1.212.041.991.651.755.272.233.21
EBITDA(0.33)(0.45)(0.32)(0.21)0.01(2.20)0.25(1.24)
EBITDA margin-37.5%-28.3%-19.2%-14.6%+0.6%-71.7%+10.1%-62.9%
Depreciation0.190.220.180.150.170.160.120.10
Interest0.120.100.080.060.170.220.160.15
Profit before tax(0.64)(0.75)(0.55)(0.32)(0.32)(2.52)0.00(1.48)
Tax0.12(0.06)(0.09)0.04(0.01)(0.14)(0.01)(0.01)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.881.591.671.441.763.072.481.97
Revenue growth (YoY)-50.0%-48.2%-32.7%-26.9%-42.5%---
Other income0.000.020.030.100.010.060.030.01
Total expenses1.212.041.991.651.755.272.233.21
EBITDA(0.33)(0.45)(0.32)(0.21)0.01(2.20)0.25(1.24)
EBITDA margin-37.5%-28.3%-19.2%-14.6%+0.6%-71.7%+10.1%-62.9%
Depreciation0.190.220.180.150.170.160.120.10
Interest0.120.100.080.060.170.220.160.15
Profit before tax(0.64)(0.75)(0.55)(0.32)(0.32)(2.52)0.00(1.48)
Tax0.12(0.06)(0.09)0.04(0.01)(0.14)(0.01)(0.01)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6.4610.5812.4310.869.409.348.14
Revenue growth-38.9%-14.9%+14.5%+15.5%+0.6%+14.7%-
Other income0.050.111.461.252.250.470.29
Total expenses7.1313.2710.4110.6710.579.679.93
Employee cost1.371.451.331.270.820.901.32
EBITDA(0.67)(2.69)2.020.19(1.17)(0.33)(1.79)
EBITDA margin-10.4%-25.4%+16.3%+1.8%-12.5%-3.5%-22.0%
Depreciation0.730.490.460.610.770.860.99
Interest0.590.680.570.470.470.660.74
Profit before tax(1.94)(3.75)2.450.36(0.16)(1.38)(3.23)
Tax(0.13)(0.17)(0.13)(0.05)(0.07)(0.26)0.08
Net profit(1.75)2.192.53(0.04)(0.21)(1.12)(3.31)
Net profit margin-27.1%+20.7%+20.4%-0.4%-2.2%-12.0%-40.7%
EPS (₹)(1.26)(2.46)1.780.28(0.06)(0.78)(2.29)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital14.4914.4914.4914.4914.4914.4914.49
Reserves & surplus(14.02)(12.19)(8.62)(11.21)(11.62)(11.53)(10.62)
Shareholders' funds (net worth)0.472.305.873.282.872.963.87
Secured loans2.223.372.172.133.334.794.57
Unsecured loans6.562.833.226.867.134.844.58
Total debt8.786.205.398.9910.469.639.15
Total liabilities9.618.7711.5112.5013.5913.2013.62
Assets
Gross block43.5342.2740.3440.6645.4345.8745.85
Net block7.927.384.725.156.116.907.74
Capital work in progress1.230.002.102.102.102.102.10
Investments0.030.050.510.500.040.030.03
Inventories0.000.000.000.000.000.000.00
Sundry debtors1.311.641.772.231.321.161.93
Cash & bank balances0.420.580.360.370.270.220.06
Loans & advances1.961.671.421.460.830.830.08
Total current assets3.693.893.554.062.422.212.07
Total current liabilities3.212.856.376.065.406.025.83
Net working capital0.481.04(2.82)(2.00)(2.98)(3.81)(3.76)
Total assets9.618.7711.5112.5013.5913.2013.62
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.580.360.370.270.220.060.23
Net cash from operating activities0.262.773.971.59(0.71)0.961.16
Net cash from investing activities(2.40)(2.69)(0.04)0.370.150.000.19
Net cash from financing activities1.990.13(3.93)(1.87)0.60(0.79)(1.52)
Net change in cash(0.16)0.220.000.100.040.17(0.18)
Closing cash0.420.580.360.370.270.220.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-38.9%-14.9%+14.5%+15.5%+0.6%+14.7%-
EBITDA growth+75.1%-233.2%+963.2%+116.2%-254.6%+81.6%-
PBT growth+48.3%-+580.6%+9998.0%+88.4%+57.3%+78.2%
Net income growth-179.9%-13.4%+6425.0%+81.0%+81.3%+66.2%-
Revenue CAGR (3Y)-15.9%+4.0%+10.0%+10.1%-2.7%-17.5%-24.8%
EBITDA CAGR (3Y)-+32.0%---56.1%--
Profitability & leverage
Net income margin-28.0%-33.8%+20.8%+3.8%-1.0%-12.0%-40.7%
Return on capital employed0.0%0.0%+9.2%+1.6%0.0%0.0%0.0%
Return on net worth0.0%0.0%+10.1%-0.3%0.0%0.0%0.0%
Debt / equity5.411.421.573.163.452.751.73
Long-term debt / equity3.390.741.102.272.071.410.87
Interest cover-42.14-21.3836.54-111.90-24.23-55.46-26.62
Efficiency & per share
Fixed asset turnover0.150.260.310.250.210.200.18
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover4.386.216.226.127.586.053.11
EPS (₹)(1.26)(2.46)1.780.28(0.06)(0.78)(2.29)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.331.594.052.271.982.042.67

To see the full year-wise statements and ratios of Shahi Shipping Limited, buy the company report.

Board of directors of Shahi Shipping Limited

Shahi Shipping has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sarvesh Kumar Shahi
Also directs: Shahi Gasol LLP, Minapur Biofuels Private Limited, India First Logistics Private Limited and 3 more
Managing Director26 Oct 199035 Years 11 MonthsCurrent
Sanjeev Kumar SinghDirector13 Feb 20206 Years 8 MonthsCurrent
Omprakash Ramdhin Singh
Also directs: Promag Sports Private Limited
Director05 Feb 20215 Years 8 MonthsCurrent
Anjali Shahi
Also directs: Shahi Gasol LLP, Minapur Biofuels Private Limited, India First Logistics Private Limited and 1 more
Director13 Feb 20197 Years 8 MonthsCurrent
View all directors

Auditor

Shahi Shipping Limited is audited by B. P. Shah & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
B. P. Shah & Co.FY 2023109517W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 50.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 50.00%.

Promoters: 50.00%Retail & Others: 50.00%
Sep 2026
QUARTER
50.00% Promoters
50.00% Retail & Others
Promoter holding - history
Now 50.00% · Sep 2026High 50.00% · Dec 2025Low 50.00% · Dec 2025
49%49.5%50%50.5%51%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 50.00%Mar 2026: 50.00%Jun 2026: 50.00%Sep 2026: 50.00%50.00%50.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters50.00%50.00%50.00%50.00%
Public50.00%50.00%50.00%50.00%

Charges & borrowings

Open charges
₹50.04 Cr
Satisfied charges
₹134.59 Cr
Breakdown by lending institutions
Scici Ltd₹10.00 Cr
Idbi Bank₹10.00 Cr
Bank of India₹9.55 Cr
State Bank of India₹7.84 Cr
Others₹5.00 Cr
Others₹7.65 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 Aug 2025101156756Others₹5 CrOpen
25 Sep 201210381088Dena Bank₹1.5 CrOpen
03 Nov 200710150002Hdfc Bank Limited₹35 LakhOpen
25 Jun 200480048362State Bank of India₹7.84 CrOpen
27 Sep 199790153419Idbi Bank₹5 CrOpen

To see the full charge records of Shahi Shipping Limited, buy the company report.

Total charge records: 41 View all charges

Deals & funding

Shahi Shipping Limited has 12 deals on record (12 market trades); the latest was in August 2010.

Total deals
12
Market trades
12

Deals on record (5 of 12)

WhenDealAmountParties
Aug 2010Market trade₹28.5 LakhBuyer: an individual
Aug 2010Market trade₹24.4 LakhBuyer: an individual
Jul 2010Market trade₹40.6 LakhSeller: Ace Shipping & Offshore Co.Pvt.Ltd.
Jul 2010Market trade₹37.1 LakhSeller: Ace Shipping & Offshore Co.Pvt.Ltd.
Jul 2010Market trade₹29.5 LakhSeller: Ace Shipping & Offshore Co.Pvt.Ltd.

To see the full deal history of Shahi Shipping Limited, buy the company report.

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

Credit ratings & regulatory alerts

Shahi Shipping Limited was last rated by Care on 27 Jul 2022.

Rating agencyRated onRating
Care27 Jul 2022

To see the full credit ratings and regulatory alerts of Shahi Shipping Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Shahi Shipping Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Shahi Shipping has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Royal Logistics (Ship) LimitedU61100WB2007PLC117112

To see the full group structure of Shahi Shipping Limited, buy the company report.

Employees & EPFO

Shahi Shipping Limited has a workforce of 9 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
9
Active EPFO establishments
1
Employee growth
-18.18%

GST

Shahi Shipping has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACS5407J1ZCMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Shahi Shipping Limited, buy the company report.

Recent activity

Shahi Shipping Limited has 34 board changes on record since 1990: 19 appointments and 15 cessations. The latest: Omprakash Ramdhin Singh was appointed as Director on 05 Feb 2021.

Filing
Shahi Shipping Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Shahi Shipping Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101156756 was registered on 31 Aug 2025.
Charges
A charge registered on 29 Jul 2006 via Charge ID 10015563 with Dena Bank was fully satisfied on 02 Aug 2025.
Charges
A charge registered on 18 Feb 2004 via Charge ID 90154015 with Dena Bank was fully satisfied on 02 Aug 2025.
Charges
A charge registered on 18 Apr 2007 via Charge ID 10060664 with State Bank Of Indore was fully satisfied on 15 Jul 2022.
Charges
A charge registered on 14 Feb 2005 via Charge ID 80063226 with State Bank Of Indore was fully satisfied on 15 Jul 2022.
Charges
A charge with State Bank Of India of Rs. 7.84 Cr registered on 25 Jun 2004 with Charge ID 80048362 was modified on 11 Jul 2022.
Appointed
Omprakash Ramdhin Singh was appointed as Director.
Ceased
Chandresh Kumar Mishra ceased to be Director.
Ceased
Venkatasubramanian Iyer Shivaraman ceased to be Additional Director.
Appointed
Sanjeev Kumar Singh was appointed as Director.

109 earlier events are in the company report.

News

Frequently asked questions

Shahi 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 26 October 1990 (36+ years old) and is registered under CIN L61100MH1990PLC058680. Listed on BSE: 526508.

Shahi Shipping reported revenue of ₹6.46 Cr for FY 2025-26 (down 38.9% YoY) based on standalone financials.

Shahi Shipping has 4 current directors:

The latest financial statements of Shahi Shipping on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Shahi Shipping is 27AAACS5407J1ZC, registered in Maharashtra.

The CIN (Corporate Identification Number) of Shahi Shipping is L61100MH1990PLC058680. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Shahi Shipping is a listed company as per MCA records. Its shares are listed on BSE (code: 526508).

Shahi Shipping has 142 court cases on record: 54 filed by the company and 88 filed against it. 10 are pending. Most are in the district courts.

Shahi Shipping was incorporated on 26 October 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.

Shahi Shipping has 12 deals on record (12 market trades); the latest was in August 2010.