Shreeji Shipping Global IPO Review

Shreeji Shipping Global provides shipping and logistic solution for dry bulk cargo at various Ports and Jetties at India and Sri Lanka. As of March 31, 2025, the company have fleet of more than 80 vessels (consisting of barges, mini bulk carriers (MBCs), tug boats and floating cranes) and more than 370 earthmoving equipment (consisting of material handling machines, excavators, pay loaders, tippers including trailers, tankers and other vehicles) in services of the clients. 

The Company is led by the individual Promoters, Ashokkumar Haridas Lal and Jitendra Haridas Lal. Both of the promoters have a combined experience of more than sixty (60) years in shipping and logistic industry.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 6,104.50 Million, ₹ 7,361.74 Million and ₹ 8,273.29 Million. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 2,228.11 Million, ₹ 1,983.56 Million and ₹ 1,923.81 Million. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 1,412.37 Million, ₹ 1,245.12 Million and ₹ 1,188.85 Million respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 9.83 and post-issue EPS of ₹ 8.67 for FY24. The pre-issue P/E ratio is 25.63x, while the post-issue P/E ratio is 29.07x. The company's ROCE for FY24 is 28.09%, ROE for FY24 is 42.91% and RoNW is 42.91%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Shreeji Shipping Global showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Shreeji Shipping Global Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.