Transworld Shipping Lines Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2017 • Logistics: 97.8% • Shipping: 1.2% • Others: 1.0%
AI Sector View
AI GENERATEDServices
Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.
PROS
- Latest quarter profit grew 453.4% YoY, showing strong momentum
- Working capital cycle has improved - days down from 67 to 10
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on equity of -3.7% over last 3 years
- Company has a low return on capital employed of 0.3%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.49x)
- Interest coverage is weak at -1.9x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GESHIP | 1410.95 | 5.38 | 20143.73 | 2.49 | 1308.84 | 159.43 | 2005.36 | 66.91 | 18.37 | 66.71 |
| SCI | 280.20 | 8.07 | 13051.69 | 2.68 | 619.34 | 74.87 | 1846.56 | 40.31 | 14.64 | 45.35 |
| SHREEJISPG | 690.15 | 70.37 | 11243.80 | 0.00 | 44.29 | 19.03 | 208.85 | 29.57 | 33.77 | 29.54 |
| SEAMECLTD | 1787.25 | 17.69 | 4544.08 | 0.11 | 81.34 | 7.32 | 296.92 | 40.77 | 10.08 | 41.74 |
| DREDGECORP | 1039.90 | 77.55 | 2911.72 | 0.00 | 11.23 | 148.16 | 355.43 | 46.72 | 4.28 | 17.41 |
| SCILAL | 38.14 | 62.34 | 1776.56 | 1.44 | 140.20 | -2.23 | 78.60 | 37.65 | 1.31 | -13.74 |
| TRANSWORLD | 165.00 | 0.00 | 362.30 | 0.00 | 29.51 | 477.85 | 102.45 | 7.97 | -4.29 | -50.86 |
| ESSARSHPNG | 16.27 | 3.70 | 336.75 | 0.00 | 230.41 | 742.14 | 0.04 | -97.63 | 0.00 | -7475.00 |
| GLOBOFFS | 43.20 | 0.00 | 132.93 | 0.00 | -2.87 | -51.27 | 11.79 | 177.29 | 4.19 | 35.10 |
| HRYNSHP | 99.75 | 14.91 | 61.51 | 0.00 | 4.42 | 546.41 | 0.00 | — | 3.20 | — |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 71 | 50 | 72 | 90 | 94 | 125 | 117 | 111 | 95 | 98 | 82 | 82 | 21 | |
| 63 | 59 | 65 | 71 | 65 | 76 | 74 | 75 | 76 | 82 | 77 | 80 | 101 | |
| Operating Profit | 7 | -9 | 7 | 18 | 29 | 48 | 43 | 36 | 18 | 16 | 6 | 2 | -80 |
| OPM % | 10.43% | -17.50% | 9.71% | 20.45% | 30.49% | 38.86% | 36.99% | 32.37% | 19.42% | 15.96% | 6.88% | 2.48% | -371.56% |
| 23 | 3 | 3 | 17 | 2 | 2 | 1 | -12 | 3 | 6 | 2 | -1 | 108 | |
| Interest | 9 | 10 | 9 | 9 | 8 | 8 | 8 | 7 | 6 | 6 | 6 | 5 | 5 |
| Depreciation | 18 | 19 | 19 | 23 | 20 | 20 | 21 | 22 | 22 | 24 | 25 | 24 | 18 |
| Profit before Tax | 2 | -34 | -19 | 3 | 3 | 22 | 16 | -5 | -7 | -9 | -23 | -28 | 28 |
| Tax % | 41.26% | -2.47% | -4.06% | 28.31% | 28.10% | 2.87% | 3.28% | 5.32% | -8.52% | -7.49% | 0.95% | -0.80% | 3.21% |
| Net Profit | 1 | -35 | -19 | 2 | 2 | 21 | 15 | -5 | -8 | -9 | -23 | -28 | 27 |
| 0.60 | -16.04 | -8.87 | 1.08 | 0.90 | 9.70 | 6.97 | -2.11 | -3.54 | -4.19 | -10.49 | -12.63 | 12.51 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 370 | 541 | 625 | 612 | 560 | 514 | 484 | 282 | 446 | 358 | 284 | |
| 320 | 429 | 554 | 570 | 496 | 288 | 238 | 259 | 290 | 316 | 340 | |
| Operating Profit | 50 | 112 | 70 | 43 | 64 | 225 | 246 | 24 | 156 | 42 | -56 |
| OPM % | 13.49% | 20.63% | 11.26% | 7.01% | 11.45% | 43.83% | 50.85% | 8.45% | 35.00% | 11.69% | -19.77% |
| -18 | 2 | 4 | 4 | 6 | 74 | 19 | 45 | -6 | 10 | 115 | |
| Interest | 10 | 13 | 19 | 19 | 17 | 12 | 18 | 37 | 31 | 23 | 22 |
| Depreciation | 18 | 19 | 21 | 18 | 15 | 19 | 48 | 80 | 84 | 95 | 92 |
| Profit before Tax | 5 | 82 | 34 | 9 | 39 | 268 | 199 | -48 | 36 | -66 | -31 |
| Tax % | 24.46% | 1.38% | 1.95% | 7.14% | 3.45% | 6.13% | 1.24% | -7.30% | 4.66% | -1.88% | -5.01% |
| Net Profit | 4 | 81 | 34 | 8 | 37 | 251 | 197 | -51 | 34 | -68 | -32 |
| EPS | 0.00 | 36.85 | 0.00 | 3.85 | 17.07 | 114.51 | 89.63 | -23.23 | 15.46 | -30.84 | — |
| Dividend Payout % | 62.39% | 4.07% | 7.83% | 0.00% | 11.72% | 2.18% | 1.67% | 0.00% | 9.70% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 1%
- 5 Years:
- -9%
- 3 Years:
- -10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -36%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 13%
- 3 Years:
- -4%
- Last Year:
- -9%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| 212 | 291 | 314 | 313 | 359 | 607 | 797 | 745 | 778 | 684 | |
| 183 | 262 | 299 | 267 | 203 | 236 | 500 | 314 | 259 | 220 | |
| Trade Payables | 39 | 52 | 62 | 61 | 48 | 36 | 23 | 50 | 41 | 64 |
| 20 | 15 | 19 | 17 | 17 | 13 | 15 | 117 | 98 | 94 | |
| Total Liabilities | 477 | 642 | 716 | 679 | 648 | 914 | 1,357 | 1,247 | 1,198 | 1,084 |
| 263 | 384 | 409 | 400 | 374 | 640 | 1,043 | 944 | 904 | 778 | |
| Capital Work in Progress | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 56 | 38 | 26 | 12 | 12 | 2 | 67 | 34 | 18 | 39 | |
| 13 | 23 | 23 | 13 | 26 | 8 | 19 | 10 | 10 | 12 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 8 | 12 | |
| Cash & Bank | 10 | 8 | 10 | 16 | 9 | 65 | 27 | 17 | 64 | 26 |
| 134 | 189 | 246 | 239 | 227 | 198 | 201 | 234 | 194 | 216 | |
| Total Assets | 477 | 642 | 716 | 679 | 648 | 914 | 1,357 | 1,247 | 1,198 | 1,084 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 66 | 64 | 70 | 43 | 118 | 238 | 19 | 169 | 109 | |
| Cash from Investing | -4 | -124 | -56 | 6 | 13 | -73 | -498 | 96 | -44 | -9 |
| Cash from Financing | 6 | 63 | -2 | -67 | -69 | 15 | 227 | -129 | -115 | -105 |
| 4 | -3 | 2 | -3 | 2 | 55 | -40 | -15 | 10 | -5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-11 - TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange about General Updates
2026-09-10 - TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange about General Updates
2026-09-07 - TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange regarding Outcome of Board Meeting held on September 07, 2026.
2026-09-05 - TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange about Memorandum of Understanding/Agreements
2026-09-01 - TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange about General Updates
2026-08-17 - TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange about General Updates
2026-08-13 - TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange regarding ''.
2026-08-08 - TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange about Copy of Newspaper Publication
2026-08-07 - TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange about Memorandum of Understanding/Agreements
News
Recent coverage and analyst commentary for TRANSWORLD
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Transworld Shipping Lines Ltd.
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