SADHAV
Sadhav Shipping Limited
NSEFiling History
Recent corporate announcements and filings for SADHAV
Business Update
Neutral
2026-08-25 17:02
- Board approved acquiring 26% stake in AOSL Energy Services Ltd. from Asian Energy Services Ltd. for ₹26,000. - This forms a joint venture for business opportunities in the marine and offshore oil and gas sectors. - AOSL's FY26 Net Worth: ₹0.09 Cr, Turnover: Nil, PAT: ₹-0.01 Cr.
Business Update
Positive
2026-08-25 16:56
- Sadhav Shipping Ltd. Board approved a strategic collaboration with Asian Energy Services Limited (AESL) to form a joint venture.
- Sadhav will acquire a 26% stake in AOSL Energy Services Limited (AOSL) for ₹26,000.
- The JV aims to pursue business opportunities in the marine and offshore oil and gas sectors.
- Expected completion by September 30, 2026.
Business Update
Negative
2026-08-18 15:47
CRITICAL RED FLAG DETECTED
- Jawaharlal Nehru Port Authority (JNPA) terminated Sadhav Shipping's contract for the supply of two mooring boats, originally awarded on October 1, 2024.
- The company has also been debarred from participating in future JNPA tenders for five years, with immediate effect.
- Sadhav Shipping believes JNPA's action is not sustainable and has submitted an appeal to recall the termination and debarment order.
Business Update
Positive
2026-08-17 17:45
- Q1 FY27 Consolidated Revenue reported at INR31.2 crores, EBITDA at INR8 crores, and PAT at INR3.4 crores, with an EBITDA margin of 25.3%.
- Management reiterates FY27 guidance of 20% revenue growth and over 20% profitability growth.
- Secured a 7-year pilot launch services contract from Mumbai Port worth approximately INR18 crores, expected to contribute fully from FY28.
- Placed orders for four new FRP pilot and security boats, anticipated to add INR4 crores per year in revenue once operational (full effect from FY28).
- Current order book stands at approximately INR350 crores.
- Company plans to expand long-term contracts in offshore logistics, port services, and specialized marine contracts, leveraging higher charter rates due to the "Iran-US war".
- Expects a Joint Venture (JV) with Sadhav Offshore and RNEL to form by next quarter to explore new business avenues.
- Aims to migrate to the main board by early or mid-next year.
Business Update
Positive
2026-08-17 17:39
- Q1 FY27 performance shows a positive start with revenue of INR 31.2 crores, EBITDA of INR 8 crores, and PAT of INR 3.4 crores, resulting in an EBITDA margin of 25.3%.
- Management reiterates FY27 guidance of 20% revenue growth and over 20% profitability growth.
- Secured a 7-year pilot launch services contract from Mumbai Port worth approximately INR 18 crores and placed orders for new FRP boats expected to contribute ~INR 4 crores annually.
- The company's order book stands at approximately INR 350 crores, with a strategic focus on expanding long-term, recurring contracts.
- Fleet utilization is strong at ~95% for port services and 80-85% for offshore logistics, with port services identified as having the highest Return on Capital.
- Expects mainboard migration by early to mid-next year and a JV with Sadhav Offshore Engineering to form next quarter for new revenue avenues.
- Noted increased charter rates in some high-risk areas due to the Iran-US war, though Indian market rates are generally softening but expected to recover.
Business Update
Neutral
2026-08-12 18:53
- Audio link for the Earnings Call held on August 12, 2026, at 4:30 P.M. IST is now available.
- The call discussed the Q1 FY27 un-audited financial results (quarter ended June 30, 2026).
Routine
Neutral
2026-08-11 13:08
New Filing detected. See link for details.
Financials
Positive
2026-08-11 12:49
- Q1 FY27 Consolidated Revenue ₹31.2 Cr
- EBITDA ₹8.0 Cr
- PAT ₹3.4 Cr
- EBITDA Margin 25.3%
- (Note: Year-on-year comparison data not provided in the filing.)
- Secured a 7-year Pilot Launch Services contract from Mumbai Port Authority valued at ₹18.07 crore.
- Placed an order for four high-speed FRP Pilot & Security Boats.
- Approved proposal to incorporate a joint venture company for business expansion.
- Management provided an optimistic outlook for long-term growth in the maritime sector.
Financials
Positive
2026-08-10 15:12
- Q1 FY27 Consolidated Revenue from Operations was ₹31.23 Crores, EBITDA ₹7.66 Crores (24.52% margin), and PAT ₹3.40 Crores. Year-on-year comparative financial figures for Q1 FY26 (April-June 2025) are not available due to the associate company's incorporation in October 2025.
- Approved borrowings of ₹13.40 Crores from Bank of Baroda, including ₹11.07 Crores for the construction of 4 new FRP security boats and ₹2.33 Crores for working capital takeover.
- Approved the incorporation of a joint venture company with Rural Enhancers Projects Private Limited and Sadhav Offshore Engineering Private Limited.
- Approved the re-appointment of Mrs. Sadhana Choudhury as Whole Time Director.
- Fixed the 29th Annual General Meeting for September 7, 2026, and book closure dates from August 28, 2026, to September 7, 2026.
- Auditors issued a Limited Review Report with an unmodified opinion on the un-audited standalone & consolidated financial results, and confirmed no deviation in preferential issue fund utilization.