Seacoast Shipping Services Ltd is a shipping company based in Ahmedabad, India. It was incorporated in 1982 and is a Small Cap company operating in the Shipping sector. The company provides a variety of shipping services, including:
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- Ocean freight:Â Seacoast Shipping Services Ltd offers ocean freight services for a wide range of cargo, including containerized, break bulk, and project cargo. They have a network of agents and partners around the world, which allows them to ship cargo to and from almost any port.
- Air freight:Â The company also offers air freight services for time-sensitive cargo. They have relationships with major airlines, which allows them to get competitive rates and ensure that your cargo arrives on time.
- Customs clearance:Â Seacoast Shipping Services Ltd can handle all of the customs clearance paperwork for your imports and exports. This can save you time and money, and ensure that your cargo is cleared through customs quickly and efficiently.
- Warehousing and distribution:Â The company also offers warehousing and distribution services. They have a network of warehouses in India, which can be used to store your cargo before it is shipped to its final destination.
Seacoast Shipping Services Ltd is a publicly traded company on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company’s stock code is 542753.
Seacoast Shipping Overview
| Description | Details |
|---|---|
| Company Name | Seacoast Shipping Services Ltd |
| Year Founded | 1982 |
| Sector | Shipping |
| Market Capitalization (as of Dec 30, 2023) | Rs 172.92 crore |
| Services Offered | Ocean freight, Air freight, Customs clearance, Warehousing and distribution |
| Stock Code | 542753 |
| Recent Financial Highlights | |
| Revenue (2023) | Rs 429.62 crore |
| Profit after Tax (2023) | Rs 14.28 crore |
Seacoast Shipping Products
| Seacoast Shipping Products (Services) | Description | Target Audience |
|---|---|---|
| Ocean Freight | Transportation of cargo, including containerized, break-bulk, and project cargo, between ports across the globe. | Importers and exporters of various goods. |
| Air Freight | Expedited shipping of time-sensitive cargo via airplanes. | Businesses with urgent transportation needs. |
| Customs Clearance | Handling all paperwork and procedures associated with import and export customs clearance. | Importers and exporters to ensure smooth and efficient customs processing. |
| Warehousing & Distribution | Secure storage and management of cargo before or after transportation, with distribution services to final destinations. | Businesses requiring temporary or long-term storage and efficient distribution networks. |
| Value-Added Services | Additional services like cargo insurance, inland transportation, packing and crating, and project cargo expertise. | Businesses seeking comprehensive logistics solutions beyond basic transportation. |
Seacoast Shipping Fundamentals
| Metric | Value |
|---|---|
| Market Capitalization | Rs 172.92 crore |
| Revenue (TTM) | Rs 447.67 crore |
| EBITDA (TTM) | Rs 45.53 crore |
| EPS (TTM) | Rs 3.77 |
| P/E Ratio (TTM) | 60.00 |
| P/B Ratio | 3.76 |
| Dividend Yield (TTM) | 0.00% |
| Debt/Equity Ratio | 2.31 |
| Book Value (TTM) | Rs 46.00 |
| Face Value | Rs 1.00 |
| ROE (TTM) | 25.77% |
| Debt | Rs 28.38 crore |
Seacoast Shipping Revenue and Net Profit
| Period | Revenue (Cr) | Net Profit (Cr) | Year-over-Year Revenue Change (%) | Year-over-Year Net Profit Change (%) |
|---|---|---|---|---|
| Q4 2023 (Estimated) | 121.42 | 7.73 | 10.39% | -37.53% |
| Q3 2023 | 115.50 | 14.28 | 448.64% | 286.49% |
| Q2 2023 | 99.73 | 8.04 | 7.16% | 80.95% |
| Q1 2023 | 111.03 | 4.57 | 163.19% | 102.17% |
| FY 2023 | 429.62 | 14.28 | 239.06% | 129.48% |
Seacoast Shipping Shareholding Patterns
| Shareholder Category | Holding (%) |
|---|---|
| Promoters | 27.9 |
| Public & Institutions | 72.1 |
| – Foreign Institutional Investors (FIIs) | 2.1 |
| – Domestic Institutional Investors (DIIs) | 28.5 |
| – Mutual Funds (MFs) | 19.3 |
| – Others | 22.2 |
Seacoast Shipping Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | 1st Target (Rs) | 2nd Target (Rs) |
|---|---|---|
| 2024 | 9 | 10 |
| 2025 | 13 | 15 |
| 2026 | 19 | 22 |
| 2027 | 25 | 29 |
| 2028 | 35 | 40 |
Seacoast Shipping Share Price Target for 2024
Seacoast Shipping Share Price Target for 2024 is 10.
Seacoast Shipping Share Price Target for 2025
Seacoast Shipping Share Price Target for 2025 is 14.
Seacoast Shipping Share Price Target for 2026
Seacoast Shipping Share Price Target for 2026 is 21.
Seacoast Shipping Share Price Target for 2027
Seacoast Shipping Share Price Target for 2027 is 28.
Seacoast Shipping Share Price Target for 2028
Seacoast Shipping Share Price Target for 2028 is 38.
Seacoast Shipping Dividend History
| Date | Announcement Date | Record Date | Ex-Dividend Date | Dividend Value | Description |
|---|---|---|---|---|---|
| – | July 23, 2021 | – | July 22, 2021 | Rs. 0.50 | Final |
Seacoast Shipping Share Split History
| Split Date | Ratio | Comments |
|---|---|---|
| 30 December 2021 | 1:10 | Stock split from Rs 10 per share to Rs 1 per share. |
| 3 November 2020 | 1:5.1 | Stock split from Rs 51 per share to Rs 10 per share. |
Future Outlook of Seacoast Shipping
Positive Indicators:
- Strong financial performance: Seacoast Shipping’s recent financials show positive trends, with increasing revenue, profits, and ROE. This indicates healthy growth and operational efficiency.
- High demand for shipping services: The global shipping industry continues to experience high demand due to factors like e-commerce growth and supply chain disruptions. This bodes well for Seacoast Shipping as they can leverage their network and expertise to capitalize on the market.
- Expansion plans: The company has announced plans to expand its fleet and invest in new technologies, indicating a commitment to growth and market competitiveness.
- Growing Indian economy: India’s economy is projected to grow significantly in the coming years, which could translate to increased demand for international trade and, consequently, shipping services.
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Risks Associated With Investing in Seacoast Shipping
| Category | Risk | Description | Potential Impact | Mitigation Strategies |
|---|---|---|---|---|
| Financial Health | Volatile Profitability:Â While recent years have seen positive financial performance, Seacoast Shipping has historically experienced inconsistency in profitability. | Fluctuations in revenue and earnings might not meet investor expectations. | Lower returns, potential losses. | Monitor company reports closely, assess financial stability before investing. |
| Competitive Landscape | Intense Competition:Â The shipping industry is highly competitive, with established players and new entrants vying for market share. | Seacoast Shipping may face difficulty maintaining its competitive edge and securing profitable contracts. | Reduced market share, lower profitability. | Analyze competitor strategies, assess Seacoast Shipping’s unique selling proposition, monitor market trends. |
| Economic and Regulatory Factors | Economic Slowdown:Â Global economic instability or regional downturns can negatively impact trade volumes and demand for shipping services. | Reduced business activity, decline in revenue and profitability. | Diversify portfolio, invest in less cyclically sensitive sectors, monitor economic indicators. | |
| Operational and Environmental Risks | Fuel Price Volatility:Â Fluctuations in fuel prices can significantly impact operating costs for shipping companies. | Increased operational expenses, reduced profit margins. | Implement fuel hedging strategies, optimize operational efficiency, consider alternative fuel sources. | |
| Regulation and Environmental Concerns:Â Stringent regulations and growing concerns about the shipping industry’s environmental impact could lead to increased costs and operational adjustments. | Fines, compliance costs, potential loss of licenses, reputational damage. | Monitor regulatory changes, invest in eco-friendly technologies, demonstrate commitment to sustainability. |
Seacoast Shipping Competitors
| Competitor | Description | Strengths | Weaknesses |
|---|---|---|---|
| Global Giants: | |||
| Maersk (Denmark) | World’s largest container shipping company, extensive global network, diverse service offerings. | Market leader, strong brand recognition, financial stability. | High operational costs, less focus on niche markets. |
| MSC Mediterranean Shipping Company (Switzerland) | Second largest container shipping company, strong presence in Europe and Asia. | Efficient fleet management, focus on cost-effectiveness. | Limited presence in certain regions, less diversified service offerings. |
| CMA CGM (France) | Third largest container shipping company, strong presence in Africa and South America. | Innovative logistics solutions, focus on customer service. | Relatively high debt levels, vulnerable to economic downturns. |
| Regional Players: | |||
| DP World (Dubai) | Global port operator, strong presence in the Middle East and Africa. | Extensive port infrastructure, integrated logistics solutions. | Limited presence in container shipping, focus on specific regions. |
| Cosco Shipping Lines (China) | China’s largest container shipping company, strong domestic market share. | Government support, access to Chinese cargo volumes. | Less efficient operations compared to global giants, limited international presence. |
| NYK Line (Japan) | One of Japan’s largest shipping companies, diversified service offerings. | Strong brand reputation, focus on technology and innovation. | Relatively high operating costs, limited presence in certain regions. |
| Niche Players: | |||
| MOL Logistics (Japan) | Focus on break-bulk and project cargo, specialized in handling complex shipments. | Expertise in niche market, strong customer relationships. | Limited container shipping capacity, vulnerable to changes in specific industry sectors. |
| PIL Shipping (Singapore) | Focus on intra-Asian trade, strong regional network. | Cost-effective operations, knowledge of local markets. | Limited presence outside Asia, vulnerable to regional economic fluctuations. |
| U.S. Shipping Lines | Focus on domestic shipping within the United States, strong regional presence. | Efficient logistics network, knowledge of local regulations. | Limited international presence, vulnerable to changes in domestic trade policies. |
Seacoast Shipping Share Price FAQs
Q: What is the future outlook for Seacoast Shipping’s share price?
A: Predicting the future is impossible, but Seacoast Shipping appears to have a moderately positive outlook with potential for further growth and profitability. However, it’s crucial to consider potential risks like competition, economic uncertainty, and regulatory challenges before making any investment decisions.
Q: Should I invest in Seacoast Shipping?
A: That decision depends on your individual risk tolerance, financial goals, and investment strategy. Carefully research the company, consider the risks involved, and analyze your own financial situation before making any investment decisions.
DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
