Sadhav Shipping Ltd. – Company Report
1. Company Overview
Sadhav Shipping Ltd., established in 1996 and headquartered in Mumbai, is a key player in India’s maritime logistics and port support sector. The company owns and operates a fleet of more than 20 marine vessels, including barges, tugs, tankers, patrol boats, and specialized offshore support vessels. It is India’s first company to set up and operate a Port-Based Tier 1 Oil Spill Response Centre, initially at Mumbai and now across several major Indian ports.
Sadhav’s service portfolio spans coastal shipping, offshore logistics for oil and gas, port craft management, cargo lighterage, and high-speed security operations. With over 200 officers and crew and a growing fleet, the company delivers essential marine transport and environmental protection services across India.
Key Highlights
- Incorporated: 1996
- Headquarters: Mumbai, Maharashtra
- Employees: 200–500
- Fleet: 20+ vessels – tugs, tankers, patrol boats, offshore support
- Certifications: ISO – safety, quality, and marine standards
- Unique Strengths: First Tier 1 oil spill response operator in India, rapid-response capabilities, presence at major ports
- Leadership: Kamal Kant B Choudhury (Chairman & MD)
- Listing: NSE SME (Market Cap ~₹173 crore, August 2025)
- Clients: ONGC, major ports, oil & gas firms, and private terminal operators
2. Products and Services
Offshore Logistics: Fast crew and supply vessels for oil & gas fields, including “Sadhav Anusha”, operating under ONGC contract.
Port Services: Harbor tugs, mooring boats, pilot launches, barges, and high-speed patrol craft for daily port operations.
Oil Spill Response: India’s first Tier 1 Oil Spill Response Centre; operates specialized response equipment at multiple ports.
Coastal & Inland Logistics: Cargo transport along coasts and rivers using specially designed barges.
Ship Management & Repair: Technical maintenance and third-party vessel management for terminals and operators.
Security and Surveillance: High-speed boats for port security, monitoring, and regulatory enforcement.
3. Recent News and Developments
- May 18, 2024: Started crew transfers for ONGC offshore installations using the newly acquired ₹64 crore vessel “Sadhav Anusha” under a 5-year contract worth ₹150 crore.
- May 17, 2024: Sadhav Shipping Limited has announced that it has received a new work order worth ~₹102 Crores from ONGC for the deployment of its Offshore Supply vessel (OSV 1500 DWT) Canara Pride for ONGC business operations for a period of 3 years.
- April 12, 2024: Took delivery of “Sadhav Anusha”, featuring DP1 system, gyro stabilizer, and 25-knot speed with 60-passenger capacity.
- Aug–Oct 2024: Secured contract extensions and new orders from Mumbai Port Authority and JNPA, including:
- Oil Spill Response renewal.
- Long-term charters for mooring and pilot boats.
- Combined value exceeding ₹30 crore
- January 13, 2025: Formed a joint venture with United Petro Shipping PTE Ltd. to develop an offshore supply base in India.
- January 29, 2025: Signed MoU with Odisha Government under Make in Odisha, planning ₹5,637 crore investment in shipbuilding, offshore infrastructure, and green energy.
- February 19, 2025: Won 7-year contract from Paradip Port Authority for mooring launch service worth ₹7.8 crore.
- May 24, 2025: Secured ₹17.23 crore worth of contracts from Visakhapatnam and Chennai Ports for fire and patrol vessels.
- April 23, 2025: Formalized a large-scale JV infrastructure project with Odisha Government and United Petro Shipping for offshore vessel bases, repair facilities, and warehousing.
- September 29, 2025: The company has successfully deployed its M.V. Canara Pride vessel under a three-year contractual agreement with ONGC. The contract is valued at approximately ₹108.9 crore.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹96.86 crore |
| Net Profit | ₹11.75 crore |
| Operating Profit | ₹31 crore |
| Operating Profit Margin | 32% |
| Net Profit Margin | 12% |
| Earnings Per Share (EPS) | ₹8.19 |
| Dividend | Nil (reinvested profits) |