59  Total SME IPOs listed in 2025

2,613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Sadhav Shipping Limited IPO Analysis

Sadhav Shipping IPO is a Fixed Price listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Logistics sector. Isk Advisors is the merchant banker of Sadhav Shipping IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th November 2023.

Sadhav Shipping IPO posted revenues of ₹ 67.72 crores and PAT of ₹ 8.14 crores in FY24 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 67.72 Cr.
            EBITDA: ₹ 19.20 Cr.
            PAT: ₹ 8.14 Cr.
  • EBITDA Margin: 28.35 %
            Pat Margin: 12.02 %
  • Net Worth: ₹ 45.01 Cr.
  • Market Capitalisation: ₹ 136.35 Cr.
  • P/E: 16.76 times
  • P/BV: 1.64 times
  • EV/EBITDA: 10.34 times
Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Fixed Price

Sadhav Shipping IPO Financial Performance (Restated)

Financial results of Sadhav Shipping IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Sep-23 FY23 FY22 FY21
Balance Sheet
Assets 131.13 116.29 69.09 61.18
Net Worth 45.01 40.94 35.04 32.06
Total Debt 66.82 55.27 20.83 17.76
Profit & Loss
Revenue
Revenue on annualised basis
33.86
67.72
78.91 69.78 61.24
EBITDA
EBITDA on annualised basis
9.60
19.20
16.70 12.00 11.36
PAT
PAT on annualised basis
4.07
8.14
7.75 3.01 3.31
Financials
30-Sep-23
FY23
FY22
FY21
Balance Sheet
Assets
131.13
116.29
69.09
61.18

Net Worth
45.01
40.94
35.04
32.06

Total Debt
66.82
55.27
20.83
17.76

Profit & Loss
Revenue
Revenue on annualised basis
33.86
67.72
78.91
69.78
61.24

EBITDA
EBITDA on annualised basis
9.60
19.20
16.70
12.00
11.36

PAT
PAT on annualised basis
4.07
8.14
7.75
3.01
3.31

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Sadhav Shipping IPO Key performance Indicators (KPI)

Sadhav Shipping IPO PAT Margin is 12.02 % , ROCE (Return on Capital Employed) is 6.47 % as per latest financial. The below table shows Sadhav Shipping IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Sep-23 FY23 FY22 FY21
EBITDA Margin (%) 28.35 21.16 17.20 18.55
PAT Margin (%) 12.02 9.82 4.31 5.40
EPS (₹) 3.94 7.50 2.91 3.20
ROE (%) 9.04 18.93 8.59 10.32
ROCE (%) 6.47 13.25 10.93 12.63
ROA (%) 3.10 6.66 4.36 5.41
Debt to Equity 1.48 1.35 0.59 0.55
Particulars
30-Sep-23
FY23
FY22
FY21

EBITDA Margin (%)
28.35
21.16
17.20
18.55

PAT Margin (%)
12.02
9.82
4.31
5.40

EPS (₹)
3.94
7.50
2.91
3.20

ROE (%)
9.04
18.93
8.59
10.32

ROCE (%)
6.47
13.25
10.93
12.63

ROA (%)
3.10
6.66
4.36
5.41

Debt to Equity (x)  
1.48
1.35
0.59
0.55

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Sadhav Shipping IPO Valuation Metrics

The market Capitalisation of Sadhav Shipping IPO is ₹ 136.35 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
136.35

Enterprise Value (EV) (₹ Cr.):
198.54

EV/EBITDA (times) :
10.34

PE Multiple (times) :
16.76

P/B (times) :
1.64

NAV (₹) :
43.58

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Sadhav Shipping prospectus?

The Sadhav Shipping IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Sadhav Shipping IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Sadhav Shipping IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Sadhav Shipping IPO ?

The post-IPO market capitalisation of Sadhav Shipping IPO is ₹ 136.35 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Sadhav Shipping IPO?

The Sadhav Shipping IPO has a Price-to-Earnings (PE) ratio of 16.76 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Sadhav Shipping IPO?

Sadhav Shipping IPO reported revenue of ₹ 67.72 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Sadhav Shipping IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Sadhav Shipping IPO?

Sadhav Shipping recorded an EBITDA of ₹ 19.20 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Sadhav Shipping IPO?

Sadhav Shipping Profit After Tax (PAT) is ₹ 8.14 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 67.72 Cr.
            EBITDA: ₹ 19.20 Cr.
            PAT: ₹ 8.14 Cr.
  • EBITDA Margin: 28.35 %
            Pat Margin: 12.02 %
  • Net Worth: ₹ 45.01 Cr.
  • Market Capitalisation: ₹ 136.35 Cr.
  • P/E: 16.76 times
  • P/BV: 1.64 times
  • EV/EBITDA: 10.34 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Sadhav Shipping operates in Logistics and Operating Marine Assets And Related Services. The Issue is listed on NSE EMERGE in Mar, 2024. Sadhav Shipping IPO size was 38.18 with Issue price of 95.00 .

Sadhav Shipping IPO subscription was 135.69 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Sadhav Shipping IPO listed at a listing price of 141.75 against the offer price of 95.00.

The current market price of Sadhav Shipping is 94.35.

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