Shreeji Shipping Global Limited (SHREEJISPG)
₹832.40 -0.90% on 19 Oct, as of 12:25 IST · NSE
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Shreeji Shipping's revenue was ₹209 Cr (+29.6% year on year, +11.1% on the previous quarter), and net profit ₹44.3 Cr (+19.0% year on year); the operating margin was 29.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹209 | +29.6% | +11.1% |
| Operating profit | ₹61.7 | +3.1% | +40.2% |
| Net profit | ₹44.3 | +19.0% | +10.7% |
| EPS (₹) | 2.72 | +7.1% | +10.1% |
| Operating margin | 29.5% | — | — |
SHREEJISPG delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 30.44% of the SHREEJISPG shares traded on NSE were taken to delivery, against the stock's own 20-session average of 41.83%. That is lower than usual for this stock. 1 bulk or block deal was reported in SHREEJISPG in the last 60 days: ₹98 Cr sold, none bought.
Delivery in the last 5 sessions: 39.4% · 33.5% · 39.2% · 38.5% · 30.4%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 7 Oct | Sell | Mohamed Irfan Mohamed Latif Shaikh | ₹98.47 Cr | ₹802.50 | 1,227,000 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Shreeji Shipping Global promoters Ashokkumar Haridas Lal and Jitendrakumar Haridas Lal completed an open market stake sale of 32,50,000 equity shares (1.9948% of total equity) to satisfy Minimum Public Shareholding (MPS) norms. Each promoter offloaded 16,25,000 shares (0.9974% each). At the current market cap of Rs 12,110 crore, this aggregate sale is valued at approximately Rs 241 crore. The transaction aligns with prior company intimations from August 27, 2026.
- Total shares sold: 32,50,000 equity shares representing 1.9948% of total share capital
- Promoter Ashokkumar Haridas Lal sold 16,25,000 shares (0.9974%)
- Promoter Jitendrakumar Haridas Lal sold 16,25,000 shares (0.9974%)
- Sale completed via open market in compliance with Rule 19(2)(b) and 19(A) of SCRR, 1957
Shreeji Shipping Global Limited submitted the consolidated scrutinizer's report for its 2nd AGM held on September 29, 2026. Key approved resolutions include authorizing the board to create charges/mortgages on company assets up to Rs 1,500 crore (equivalent to ~2.05x TTM revenue of Rs 730 crore), alongside borrowing powers under Section 180(1)(c). Shareholders also approved multiple material related-party transactions and the appointment of secretarial and cost auditors for FY27.
- AGM approved creation of charge/mortgage/pledge on assets up to Rs 1,500 crore (Special Resolution 6)
- Appointment of M/s Mittal V. Kothari & Associates as Secretarial Auditor approved for FY27 (Resolution 3)
- Multiple material Related Party Transactions approved, including with individuals Mitesh Ashokkumar Lal and Krishnaraj Jitendrakumar Lal with 80.20% votes in favor
- Shareholder voting conducted via remote e-voting and electronic voting during the 2nd AGM on September 29, 2026
Shreeji Shipping Global Limited conducted its 2nd Annual General Meeting on September 29, 2026 via video conferencing. Key resolutions tabled included authorization to create charges on company assets up to ₹1,500 crore and borrowing powers exceeding paid-up capital and free reserves under Section 180(1)(c). Multiple approvals for material related-party transactions (RPTs) were also put to vote. E-voting results and scrutinizer reports are expected to be disclosed within two working days.
- AGM held on September 29, 2026, commencing at 12:20 PM and concluding at 12:50 PM IST
- Special resolution tabled for creation of charge/mortgage on assets up to ₹1,500 crore
- Approval sought for material related-party transactions across 12 entities and promoter-related persons
- Secretarial Audit Report for FY26 contained qualifications/observations that were read out at the meeting
- Voting results from Scrutinizer M/s. SCS And CO. LLP expected within 2 working days
Shreeji Shipping Global Limited has announced the closure of its trading window for designated persons pursuant to SEBI Insider Trading regulations. The closure starts on Thursday, October 01, 2026, ahead of the declaration of financial results for the quarter and half-year ended September 30, 2026. The window will remain shut until 48 hours following the formal announcement of the results. This is a standard regulatory intimation with no operational or financial impact.
- Trading window closes effective Thursday, October 01, 2026
- Closure pertains to financial results for the quarter and half-year ending September 30, 2026
- Window will reopen 48 hours after the declaration of the financial results
- Applies to all designated insiders under SEBI (Prohibition of Insider Trading) Regulations, 2015
Shreeji Shipping Global has executed a Port Operations Agreement with Indo Energy International Limited for exclusive dry bulk cargo handling at Sanegaon Jetty, Raigad, Maharashtra. The contract takes effect on September 15, 2026, for an initial term of 3 years, extendable by 2 years to an aggregate of 5 years. Commercial terms and revenue values were not disclosed due to confidentiality. This marks an expansion of the company's port footprint to the Maharashtra coast, connecting to the Mumbai-Pune-Nashik industrial hinterland via rail links at Roha.
- Exclusive rights secured to handle all permitted dry bulk cargo at Sanegaon Jetty, Raigad District
- Contract duration is 3 years initial term plus a 2-year automatic extension, totaling 5 years
- Agreement commences on September 15, 2026
- Financial size and commercial consideration were kept confidential and not disclosed
Shreeji Shipping Global Limited has executed a Time Charter Party Agreement on September 07, 2026, with AMNS Shipping and Logistics Private Limited. Under the agreement, the company will deploy its vessel 'MV Sanghi Sudarshan' (~4,400 DWT) for coastal transportation of steel coils and dry bulk cargo along the Indian coastline. The vessel has been specifically modified for steel carriage, has a shallow draft of 4.5 metres, and runs on VLSFO for lower fuel costs. Commercial terms including charter tenure and contract revenue were not disclosed in the filing.
- Vessel capacity is approximately 4,400 DWT with a shallow draft of ~4.5 metres
- Time charter signed with AMNS Shipping and Logistics on September 07, 2026
- Delivery of the vessel stipulated at APS Hazira for coastal dry bulk/steel cargo
- Charter agreement value and duration are not disclosed
Shreeji Shipping Global Limited has issued an intimation under Regulation 36(1)(b) providing a web-link to the FY 2025-26 Annual Report for shareholders whose email addresses are not registered. The company's Annual General Meeting is scheduled for Tuesday, September 29, 2026, via Video Conferencing. Remote e-voting eligibility cut-off is set for September 22, 2026, with voting open from September 26 to September 28, 2026.
- AGM scheduled for Tuesday, September 29, 2026, at 12:00 noon IST via VC/OAVM
- Cut-off date for e-voting eligibility determined as Tuesday, September 22, 2026
- Remote e-voting window open from Saturday, September 26, 2026 (9:00 AM IST) to Monday, September 28, 2026 (5:00 PM IST)
- Annual Report FY 2025-26 web-link communicated to unregistered-email shareholders under Regulation 36(1)(b)
Shreeji Shipping Global Limited has issued the notice for its 2nd Annual General Meeting (AGM) scheduled for Tuesday, September 29, 2026, via video conferencing. The cut-off date to determine member eligibility for voting is Tuesday, September 22, 2026. The key agenda items include adoption of FY26 audited financial statements, director reappointment by rotation, secretarial and cost auditor appointments, and enabling borrowing approvals under Section 180(1)(c).
- 2nd Annual General Meeting scheduled for September 29, 2026 at 12:00 PM IST via VC/OAVM
- Cut-off date for electronic voting fixed as September 22, 2026
- Ordinary business includes adoption of standalone and consolidated financial statements for FY ended March 31, 2026
- Special resolutions include borrowing limits under Section 180(1)(c) and related party transaction approvals
Shreeji Shipping Global Limited held a Board meeting on September 06, 2026, approving the Draft Director's Report for FY26. The company scheduled its 2nd Annual General Meeting (AGM) for September 29, 2026, via video conferencing. The Board also approved the appointment of M/s. Mittal V. Kothari & Associates as Secretarial Auditor for FY 2026-2027, subject to shareholder approval at the AGM.
- 2nd Annual General Meeting scheduled for Tuesday, September 29, 2026 at 12:00 Noon IST
- M/s. Mittal V. Kothari & Associates appointed as Secretarial Auditor for FY 2026-2027
- NSDL appointed as remote e-voting agency and M/s. SCS and Co LLP as scrutinizer
- Approved Draft Director's Report with annexures for FY ended March 31, 2026
Shreeji Shipping Global announced that promoters Mr. Ashokkumar Haridas Lal and Mr. Jitendrakumar Haridas Lal intend to sell up to a 2.00% stake (32,58,364 equity shares) in the open market. The divestment is scheduled to take place between August 31, 2026, and September 30, 2026, to comply with SEBI's Minimum Public Shareholding (MPS) norms. As of the announcement date, total promoter holding stands at 90.00% (14,66,20,379 shares).
- Promoters propose selling up to 2.00% of paid-up capital (32,58,364 shares) via the open market.
- Each promoter will sell 16,29,182 equity shares (1.00% each).
- Divestment window opens on August 31, 2026, and runs till September 30, 2026 (or completion date).
- Current aggregate promoter and promoter group shareholding stands at 90.00% (14,66,20,379 shares).
Shreeji Shipping Global reported a strong start to FY27 with consolidated revenue from operations reaching ₹208.85 Cr, a 29.5% increase from ₹161.19 Cr in Q1 FY26. Net profit grew 19% YoY to ₹44.29 Cr, despite a significant 49% rise in operating service costs which reached ₹136.30 Cr. The company's domestic operations remain the primary driver, contributing 90.5% of total revenue. Additionally, the board approved the appointment of new internal and cost auditors for the 2026-27 financial year.
- Revenue from operations grew 29.5% YoY to ₹208.85 Cr in Q1 FY27.
- Consolidated Net Profit increased to ₹44.29 Cr from ₹37.21 Cr in the corresponding previous quarter.
- Domestic revenue ('Within India') contributed ₹189.06 Cr, accounting for 90.5% of total sales.
- Operating service costs increased by 49% YoY to ₹136.30 Cr, reflecting higher activity levels.
- Earnings Per Share (EPS) for the quarter stood at ₹2.72 compared to ₹2.54 in Q1 FY26.
Shreeji Shipping Global Limited reported a strong start to FY27 with consolidated revenue from operations reaching ₹208.85 cr, a 29.5% increase from ₹161.19 cr in the same quarter last year. Net profit for the quarter rose 19% YoY to ₹44.29 cr, supported by increased volumes in its integrated logistics segment. The company also formalized its governance structure by appointing Manoj Pandya and Associates as Internal Auditors and Mitesh Suvagiya & Co. as Cost Auditors for FY 2026-27. Post-IPO financial flexibility remains high with a consolidated net worth exceeding ₹760 cr.
- Consolidated revenue from operations increased 29.5% YoY to ₹208.85 cr in Q1 FY27
- Net profit after tax grew to ₹44.29 cr from ₹37.21 cr in the corresponding quarter of the previous year
- Cost of operating services stood at ₹136.30 cr, representing 65.2% of total revenue
- Basic Earnings Per Share (EPS) improved to ₹2.72 from ₹2.54 YoY
- Total comprehensive income for the period reached ₹45.92 cr including other comprehensive items
Shreeji Shipping Global Limited reported a strong start to FY27 with consolidated revenue from operations growing 29.6% YoY to ₹208.85 Cr. Net profit for the quarter increased by 19% YoY to ₹44.29 Cr, showing steady growth from ₹37.21 Cr in the year-ago period. Sequentially, revenue grew 11% and net profit rose 9.8% compared to Q4 FY26. The company maintained its growth momentum post-2025 IPO, supported by its established logistics operations for major clients like Reliance and Adani.
- Revenue from operations increased to ₹208.85 Cr in Q1 FY27 from ₹161.19 Cr in Q1 FY26.
- Consolidated Net Profit stood at ₹44.29 Cr, a 19% increase over the ₹37.21 Cr reported in the same quarter last year.
- Earnings Per Share (EPS) improved to ₹2.72 for the quarter, up from ₹2.54 YoY.
- Operating costs rose significantly to ₹136.30 Cr compared to ₹91.44 Cr in the previous year's corresponding quarter.
- Domestic operations remain the primary driver, contributing ₹189.06 Cr (approx. 90.5%) to total service sales.
CRISIL has re-affirmed Shreeji Shipping Global's long-term credit rating at 'CRISIL A/Stable' and short-term rating at 'CRISIL A1'. A significant development is the enhancement of the total rated bank loan facilities by 66.7%, increasing from Rs. 300 Crore to Rs. 500 Crore. This expanded credit limit, nearly equal to the company's FY26 revenue of Rs. 521.31 Crore, provides substantial liquidity for scaling operations. The stable outlook reflects the company's established market position and its strong client base including Reliance and Adani.
- Total bank loan facilities rated increased to Rs. 500 Crore from the previous Rs. 300 Crore
- Long-term rating re-affirmed at 'CRISIL A/Stable' indicating a low risk of default
- Short-term rating re-affirmed at 'CRISIL A1', the highest category for short-term instruments
- The enhanced facility of Rs. 500 Crore represents approximately 96% of the company's FY26 revenue of Rs. 521.31 Crore
- Ratings support the company's growth strategy targeting 20% growth through increased import/export volumes
Shreeji Shipping Global Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Bigshare Services Private Limited (the Registrar and Share Transfer Agent), covers the quarter ended June 30, 2026. The RTA confirmed that the regulation regarding rematerialization requests was not applicable for this period. This is a standard administrative filing required for all listed entities to maintain shareholding record integrity.
- Compliance certificate covers the quarter ended June 30, 2026
- Issued by Registrar and Share Transfer Agent (RTA) Bigshare Services Private Limited
- RTA reference number BSS/SE-AU-030 dated July 02, 2026
- Confirmed no applicable rematerialization requests during the three-month period
Financial Performance
Revenue Growth by Segment
Total revenue was INR 733.61 Cr in FY24, representing a 7.14% decline from INR 790.04 Cr in FY23. Revenue for FY25 is estimated to have declined further by 18.2% to approximately INR 600 Cr due to an economic downturn and changes in customer profiles. However, H1 FY26 shows a recovery trend with estimated revenue of INR 323 Cr.
Geographic Revenue Split
The company operates at over 20 ports and jetties, primarily in Gujarat (Kandla, Navlakhi, Magdalla, Bhavnagar, Bedi) and Maharashtra (Dharmatar), with international operations in Sri Lanka (Puttalam). Specific percentage split per region is not disclosed.
Profitability Margins
Operating margins have remained healthy between 26-30% from FY23 to FY25 and are estimated to exceed 30% in H1 FY26. PAT margins improved from 10.47% in FY23 to 12.38% in FY24.
EBITDA Margin
Operating margin (EBITDA proxy) is sustained at 26-30% due to technical expertise and the ability to pass on increased operating costs to customers through periodic freight rate hikes.
Capital Expenditure
The company maintains a comfortable capital structure with a networth of over INR 300 Cr as of March 31, 2025, which significantly improved to INR 713.63 Cr by September 30, 2025, following its IPO in August 2025. No large debt-funded capex is currently planned.
Credit Rating & Borrowing
The company holds a 'Crisil A/Stable' long-term rating and 'Crisil A1' short-term rating for bank loan facilities totaling INR 300 Cr. Interest coverage was robust at 17.68x in FY24 and is estimated at 10.79x for FY25.
Operational Drivers
Raw Materials
As a service provider, primary costs are operational rather than raw materials, including fuel for its fleet of tippers, tankers, and trailers, and maintenance for heavy machinery like cranes and excavators.
Capacity Expansion
The company operates at 20+ ports. While specific MTPA capacity is not disclosed, the post-IPO networth of INR 713.63 Cr provides substantial financial flexibility for future fleet or terminal expansion.
Raw Material Costs
Operating costs are managed through a pass-through mechanism where freight rate increases are passed to customers, maintaining margins despite cost fluctuations.
Manufacturing Efficiency
Not applicable; however, operating efficiency is driven by technical expertise in cargo handling and stevedoring.
Logistics & Distribution
Integrated services include lightering, stevedoring, and dry bulk cargo transportation using a fleet of specialized vehicles and port equipment.
Strategic Growth
Expected Growth Rate
20%
Growth Strategy
Growth is targeted through increasing the customer base and overall import/export volumes. The August 2025 IPO provided a capital cushion (Networth of INR 713.63 Cr) to support larger scale operations and diversification of service offerings.
Products & Services
Integrated shipping and logistics services including cargo handling, lightering, stevedoring, dry bulk transportation, fleet chartering, and equipment rentals.
Brand Portfolio
Shreeji Shipping
Market Expansion
Expansion into 20+ ports across India and Sri Lanka, including an exclusive terminal at Rozi Pier for Reliance Industries.
Market Share & Ranking
Prominent player in the integrated shipping and logistics solution sector for dry bulk cargo in India and Sri Lanka.
Strategic Alliances
Maintains an exclusive terminal arrangement at Rozi Pier, Bedi Group of Ports, specifically for Reliance Industries Ltd.
External Factors
Industry Trends
The Indian logistics industry is fragmented and cyclical. Current trends show a recovery in volumes in H1 FY26 following a downturn in FY25, with a shift toward integrated service providers.
Competitive Landscape
Faces intense competition from major state-owned and private ports located near its operational hubs in Gujarat and Maharashtra.
Competitive Moat
The moat is based on an established market position since 1995, technical expertise in port services, and long-standing relationships with 'AAA' rated clients like Reliance Industries.
Macro Economic Sensitivity
Highly sensitive to international trade volumes and economic cycles; revenue declined from INR 790.04 Cr in FY23 to an estimated INR 600 Cr in FY25 due to macro headwinds.
Consumer Behavior
Not applicable as the company serves industrial B2B clients in oil, gas, energy, and FMCG sectors.
Geopolitical Risks
Geopolitical tensions affecting trade routes are identified as a key risk that could hamper volume growth at ports.
Regulatory & Governance
Industry Regulations
Operations are subject to port-specific regulations, international shipping standards, and trade-related policies.
Legal Contingencies
An admiralty suit was filed in the High Court resulting in an arrest order for five company-owned vessels as of December 27, 2025. The company is currently contesting this matter legally.
Risk Analysis
Key Uncertainties
The primary uncertainty is the outcome of the pending admiralty suit and the potential impact of the vessel arrests on near-term operational capacity.
Geographic Concentration Risk
High concentration in Gujarat, with services provided at Kandla, Navlakhi, Magdalla, Bhavnagar, and Bedi ports.
Third Party Dependencies
Significant dependency on the trade volumes and economic health of major clients like Reliance Industries and Adani Enterprises.
Technology Obsolescence Risk
Low risk; the business relies on standard heavy-duty logistics equipment and vessels, though operational efficiency is tied to equipment uptime.
Credit & Counterparty Risk
Receivables risk is reflected in GCA days of 135, though mitigated by a customer base consisting of large, established industrial entities.
