अApnaFunda

SADHAV SHIPPING LTD (SADHAV)

Transportation · Other Transportation · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.40 / 100
Profitability 34Balance sheet 46

Share price

Closing priceAdjusted for splits and bonus issues.

₹118 latest close · +4.7% over the last 90 sessions

₹105₹110₹115₹120Jul 1Jul 28Aug 21Sep 16Oct 13Nov 9 ₹105₹110₹115₹120Jul 1Sep 3Nov 9

₹118 month-end · +9.8% over 12 months

₹100₹110₹120Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹100₹110₹120Nov '25May '26Nov '26

₹118 month-end · +13.6% since Jun '25

₹100₹110₹120Jun '25Sep '25Jan '26Apr '26Aug '26Nov '26 ₹100₹110₹120Jun '25Mar '26Nov '26

52-week range ₹86.30 to ₹128.85 · 1-year volatility 46.7%

Was the rally earned?

+10%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

  • Per-share earnings added 24 points, but investors now pay less per rupee of profit (P/E 13.1x to 11.5x), which took 14 points back.
  • The share count barely moved.
Net profit growth: +23 pts. Points of the price return explained by net profit growing (or shrinking).+23 ptsNet profit growthP/E change: −14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−14 ptsP/E changeShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0 ptsShare count changeShare price: +10%+10%Share priceNet profit growth: +23 pts. Points of the price return explained by net profit growing (or shrinking).+23ProfitP/E change: −14 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−14P/EShare count change: 0 pts. Points of the price return explained by the share count changing. More shares count against the price.0SharesShare price: +10%+10%Share price
Net profit growth+23 ptsNet profit rose about 25%, which lifts the price.
P/E change-14 ptsThe P/E fell from 13.1x to 11.5x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with ADANI PORT AND SPECIAL ECONO

How rough has the ride been?

Maximum drawdown-68.6%not yet recovered
1-year volatility46.7%annualised

Drawdown from peak

0%−20%−40%−60%20252026−68.6% 0%−20%−40%−60%20252026−68.6%
Largest drawdowns

-68.6% (2024-07 peak to 2025-03 low, not yet recovered)

-26.6% (2024-05 peak to 2024-06 low, recovered 2024-06)

Where does it rank among Transportation peers?

Each cell is the company's percentile rank among its Transportation peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE34th
  • Revenue growth25th
  • EPS growth66th
  • Debt/equity ↓43rd▲ 20 pts vs a year ago
  • Cash cycle ↓40th▼ 21 pts vs a year ago
  • P/E ↓69th▼ 11 pts vs a year ago
  • 12M momentum78th▲ 27 pts vs a year ago

Rank history

ROCE
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Transportation sector page Watch it move against Transportation in the Observatory

What is the price implying?

~9%annual earnings growth implied by the price

At a P/E of 11.5x, the price would imply about 9.1%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Transportation The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹118.00
P/E
11.5x
ROCE
9.0%
Market Cap
₹191 cr
Revenue (TTM)
₹98 cr
P/S
1.9x
P/B
1.9x
ROE
16.4%
Debt / Equity
0.8x
Promoter Holding
61.8%
12M Momentum
9.8%

52-week range

₹86.30₹128.85
75% of the way from its 52-week low to its high

Price risk

1Y volatility
46.7%
Beta vs sector
1-year daily
0.51

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.6x
Share count, 1Y
+14.3%

Are profits backed by cash?

1 of 1checks within rangeAll clear
Other income reliance9%Within range

Other income as a share of pre-tax profit (trailing twelve months): 9.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow—Not enough data

Not enough reported data to compute this.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress—Not enough data

Not enough reported data to compute this.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, FIIs added 7.8 pts; promoters trimmed 7.7 pts; DIIs added 4.0 pts.
  • The number of shareholders rose from 1,428 to 1,627 (+14%) between Mar 2024 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupMar '24Jun '26Change
Promoters69.4%61.8%-7.7 pts
FIIs0.0%7.9%+7.8 pts
DIIs0.0%4.0%+4.0 pts
Public and others30.5%26.4%-4.2 pts

Number of shareholders

1,627shareholders+14% since Mar '24
1k2k2k2k Mar '24Sep '24Mar '25Sep '25Mar '26Jun '26
Mar '24: 1,428
Sep '24: 1,916
Mar '25: 2,031
Sep '25: 2,051
Mar '26: 1,749
Jun '26: 1,627
1k2k2k2k Mar '24Mar '25Mar '26Jun '26
Mar '24: 1,428
Sep '24: 1,916
Mar '25: 2,031
Sep '25: 2,051
Mar '26: 1,749
Jun '26: 1,627

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−10.0%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like SADHAV SHIPPING LTD today on valuation, return on capital, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −30% to +33% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (−6.1%, 80% range −13.7% to +9.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
KCEIL · Jul 2025: −77.3% vs market
ESTER · Oct 2022: −51.8% vs market
BAJAJHCARE · Sep 2023: −45.0% vs market
BBTCL · Nov 2023: −43.4% vs market
RELCHEMQ · Nov 2023: −43.0% vs market
TARACHAND · Oct 2025: −42.6% vs market
UCAL · Jun 2021: −42.3% vs market
SARLAPOLY · Jan 2022: −41.6% vs market
KAMATHOTEL · Feb 2025: −40.7% vs market
AWHCL · Oct 2024: −34.4% vs market
INDORAMA · Jan 2022: −32.5% vs market
SMCGLOBAL · Apr 2024: −32.4% vs market
EUROBOND · Sep 2025: −30.3% vs market
LIBERTSHOE · Mar 2020: −30.3% vs market
PIONEEREMB · May 2021: −26.5% vs market
RGL · Oct 2024: −24.9% vs market
THEINVEST · Sep 2024: −23.4% vs market
AIROLAM · Jan 2024: −22.5% vs market
SURANAT&P · Apr 2020: −18.8% vs market
MANORG · Sep 2025: −16.2% vs market
SALZERELEC · Jan 2020: −16.0% vs market
KCPSUGIND · Apr 2020: −14.3% vs market
CMNL · Jan 2025: −14.2% vs market
AHLEAST · Jul 2025: −13.9% vs market
KALYANIFRG · Dec 2024: −11.3% vs market
UNIVCABLES · Jul 2024: −8.7% vs market
ARIES · May 2020: −4.5% vs market
SWELECTES · Feb 2022: −3.0% vs market
INDIANHUME · Jun 2024: +5.1% vs market
BIRLACABLE · Jul 2023: +6.7% vs market
MAGADSUGAR · Aug 2023: +15.2% vs market
SONAMLTD · Aug 2023: +17.6% vs market
NCLIND · Oct 2020: +18.7% vs market
NAVKARCORP · Nov 2023: +23.0% vs market
OMINFRAL · May 2021: +26.0% vs market
PRECOT · Jul 2025: +29.2% vs market
AJMERA · Jul 2023: +29.7% vs market
GOCLCORP · Nov 2022: +34.2% vs market
TCPLPACK · Jun 2022: +40.0% vs market
ASHAPURMIN · Apr 2023: +58.0% vs market
SARDAEN · Nov 2020: +78.0% vs market
DYNAMATECH · Mar 2021: +82.5% vs market
POKARNA · May 2024: +91.5% vs market
COMSYN · Mar 2025: +108.4% vs market
ELECON · Feb 2021: +116.9% vs market
TALBROAUTO · Jan 2021: +126.0% vs market
MARATHON · Mar 2022: +146.2% vs market
ARTEMISMED · Jun 2022: +150.3% vs market
APOLLO · Sep 2022: +170.5% vs market
CROWN · Sep 2023: +182.0% vs market
Similar setups −10.0%All companies −3.9%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 7 beyond the range shown, drawn at the edge

Similar setups' median
−10.0%
All companies' median
−3.9%
Beat the market
44% vs 46%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
KCEIL
Industrial Services
Jul 2025 24x— +8%−8% −77%
KCPSUGIND
Process Industries
Apr 2020 9x11% −20%−24% −14%
AHLEAST
Consumer Services
Jul 2025 16x12% +20%−14% −14%
AJMERA
Finance
Jul 2023 20x8% +46%0% +30%
CROWN
Industrial Services
Sep 2023 15x10% +56%0% +182%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ESTER
Process Industries
Oct 2022 11x14% +29%−5% −52%
ASHAPURMIN
Non-Energy Minerals
Apr 2023 15x12% 0%−2% +58%
COMSYN
Process Industries
Mar 2025 25x9% +20%−15% +108%
How reliable is this?

Matched on P/E, P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, ROCE and drawdown from 12-month high. Not used (unavailable for this company): operating margin. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to SADHAV SHIPPING LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What changed?

8 events since Jun '24

  1. SepPromoterPromoter holding fell 7.7 pts to 61.8%.
  2. SepInstitutionsFII + DII holding rose 11.8 pts over 2 quarters to 11.9%.
  3. JunResultsRevenue (TTM) reached a new high of ₹98 cr.
  4. JunDebtDebt / equity fell below 1.0x (0.80x).
  5. JunSharesShare count is up 14.3% over 12 months.
  6. MarPriceFell 69% from the Jul 2024 peak to the Mar 2025 low.
  7. JunPriceRegained the 2024-05 peak, 0 months after the low.
  8. JunPriceFell 27% from the May 2024 peak to the Jun 2024 low.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history18 months · 2025-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1111.5x₹98 cr16.4%9.0%0.8x
2026-1010.7x₹98 cr16.4%9.0%0.8x
2026-0911.5x₹98 cr16.4%9.0%0.8x
2026-0810.8x₹98 cr16.4%9.0%0.8x
2026-0711.7x₹98 cr16.4%9.0%0.8x
2026-0611.5x₹98 cr16.4%9.0%0.8x
2026-0514.1x₹97 cr13.4%—1.1x
2026-0414.3x₹97 cr13.4%—1.1x
2026-0312.0x₹97 cr13.4%—1.1x
2026-0213.8x₹97 cr13.4%—1.1x
2026-0112.3x₹97 cr13.4%—1.1x
2025-1212.0x₹97 cr13.4%—1.1x
2025-1113.1x₹97 cr13.4%—1.1x
2025-1013.3x₹97 cr13.4%—1.1x
2025-0913.7x₹97 cr13.4%—1.1x
2025-0815.2x₹97 cr13.4%—1.1x
2025-0714.0x₹97 cr13.4%—1.1x
2025-0612.7x₹97 cr13.4%—1.1x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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