Varun Shipping Co. share price
BSE: 500465Transport Services
Varun Shipping Co. Ltd. · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Sep 1986
Trading suspended since 30 Jul 2015
Last traded ₹9.85 on 29 Jul 2015
Latest announcements
Routine notices left out.
Jul 2015
28 Jul · Suspension of trading in equity shares
Members of the Exchange are hereby informed that the trading in Equity Shares of Varun Shipping Company Limited shall be suspended w.e.f. July 30, 2015 (i.e. closing hours of trading on July 29, 2015) on account of Composite Scheme of Arrangement and Amalgamation.16 Jul · Shareholding Pattern For June 30, 2015
Results for the quarter to Mar 2015
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹29 Cr−3.4% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- −₹20 Cr
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- −₹80 Cr
- Operating margin
- −67.8%
- Net margin
- −271.2%
From revenue to net profit, ₹ crore
- Revenue29
- Operating expenses−49
- Operating profit−20
- Depreciation−25
- Other income+1.0
- One-off items+8.8
- Finance costs−44
- Profit before tax−80
- Net profit−80
Varun Shipping Co. results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2015. Results for the quarter to Jun 2015 were due by 14 Aug 2015, 45 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
- Loss
Peak revenue ₹154 Cr, quarter to Jun 2012; lowest −₹25 Cr, quarter to Mar 2014A loss in 10 of the 12 quarters shown
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Jun 2010 | Sep 2010 | Dec 2010 | Mar 2011 | Jun 2011 | Sep 2011 | Dec 2011 | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 241 | 243 | 220 | – | 133 | 233 | 203 | 80 | 154 | 86 | 56 | 45 | 56 | 36 | 7 | −25 | – | – | 30 | 29 |
| Operating expensesOperating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 115 | 149 | 119 | – | 98 | 82 | 73 | 21 | 60 | 67 | 54 | 46 | 54 | 45 | 176 | 37 | – | – | 53 | 49 |
| Operating profit before depreciation | 125 | 94 | 101 | – | 35 | 151 | 130 | 59 | 94 | 19 | 3 | −1 | 2 | −9 | −169 | −62 | – | – | −23 | −20 |
| Operating margin | 52.1% | 38.6% | 45.8% | – | 26.0% | 64.7% | 64.1% | 73.6% | 60.9% | 22.5% | 4.8% | −1.7% | 3.1% | −25.5% | −2,299.7% | 247.2% | – | – | −74.8% | −67.8% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 51 | 46 | 43 | – | 33 | 25 | 27 | 23 | 22 | 15 | 17 | 17 | 22 | 29 | 27 | 12 | 25 | 25 | 26 | 25 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 5 | 6 | 11 | – | 19 | 42 | 3 | 5 | 25 | −4 | 10 | 6 | 5 | 6 | 5 | 5 | 1 | 1 | 1 | 1 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 54 | 52 | 52 | – | 56 | 67 | 23 | 34 | 41 | 48 | 41 | 35 | 31 | 51 | 45 | 35 | 39 | 39 | 51 | 44 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. Profit before one-off items and tax in the glossary | 25 | 2 | 16 | – | −35 | 100 | 82 | 7 | 56 | −48 | −45 | −47 | −46 | −83 | −236 | −104 | −132 | −118 | −99 | −88 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | – | – | – | – | – | – | – | −146 | 89 | −68 | 31 | −1 | 48 | 28 | −19 | −15 | −3 | −8 | −9 | 9 |
| Profit before tax | 25 | 2 | 16 | – | −35 | 100 | 82 | −139 | 145 | −116 | −14 | −48 | 2 | −55 | −255 | −119 | −135 | −126 | −108 | −80 |
| Tax | 2 | 1 | 4 | – | – | – | – | −1 | – | – | – | – | – | – | – | 1 | – | – | – | – |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 7.3% | 64.1% | 24.8% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Net profit | 24 | 1 | 12 | – | −35 | 100 | 82 | −138 | 145 | −116 | −14 | −48 | 2 | −55 | −255 | −120 | −135 | −126 | −108 | −80 |
| Net margin | 9.8% | 0.2% | 5.4% | – | −26.6% | 43.2% | 40.7% | −172.3% | 94.4% | −135.2% | −24.8% | −105.2% | 3.7% | −154.2% | −3,480.7% | 476.7% | – | – | −355.7% | −271.2% |
| Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary | ₹1.57 | – | ₹0.79 | – | −₹2.35 | ₹6.69 | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Mar 2011.
4 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Peak revenue ₹993 Cr, year to Mar 2009; lowest ₹837 Cr, year to Mar 2011
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
Results for the year to Mar 2011
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue837
- Operating expenses−470
- Operating profit367
- Depreciation−178
- Other income+44
- Finance costs−216
- Profit before tax17
- Tax−2.1
- Net profit15
Profit and loss
Standalone, ₹ crore, years to March.
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 |
|---|---|---|---|---|
| Revenue from operations | 933 | 993 | 897 | 837 |
| Operating expenses | 358 | 450 | 426 | 470 |
| Operating profit before depreciation | 575 | 542 | 471 | 367 |
| Operating margin | 61.6% | 54.6% | 52.5% | 43.9% |
| Depreciation and amortisation | 212 | 271 | 236 | 178 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | 363 | 271 | 234 | 189 |
| Other income | 4 | 1 | 6 | 44 |
| Finance costs | 140 | 145 | 193 | 216 |
| Profit before one-off items and tax | – | 127 | 47 | 17 |
| One-off items | – | – | 7 | – |
| Profit before tax | 228 | 127 | 54 | 17 |
| Tax | 2 | 4 | 41 | 2 |
| Net profit | 226 | 123 | 13 | 15 |
| Net margin | 24.2% | 12.4% | 1.4% | 1.8% |
Ratios
Standalone, years to March.
| Ratio | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 |
|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | – | 6.4% | −9.7% | −6.7% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | – | −5.6% | −13.2% | −22.0% |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | – | −45.6% | −89.8% | 17.5% |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. Earnings per share growth in the glossary | – | – | −89.7% | 16.7% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | 2.6 | 1.9 | 1.2 | 0.9 |
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2011.
| Measure | 5 years | 3 years |
|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | – | −3.5% |
| Profit growth, yearly rateProfit growth, yearly rate. 3 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | – | −59.7% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 53.2% | 50.3% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 9.9% | 5.2% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 1.6 | 1.3 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2009 | Mar 2010 | Mar 2011 |
|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 3.39 | 76.70 | 12.33 |
A threshold marked as ours has no published figure; it is the line we read the check against.
Where the return came from
Yearly rates to Mar 2011, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −41.8% | +16.7% | −52.6% | 3.0% |
| 3 years | −22.5% | – | – | 5.5% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2010.
Varun Shipping Co. dividend calendar
Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2011.
- Paid 4 years running, from the year to Mar 2008Paid years running. Consecutive years ending here in which a dividend was declared, counted from 2007.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | In the year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | ₹0.50 | ₹0.50 | |||||||||||
| 2011 | ₹0.80 | ₹0.80 | |||||||||||
| 2010 | ₹0.80 | ₹0.80 | |||||||||||
| 2009 | ₹1.50 | ₹1.50 | ₹3.00 | ||||||||||
| 2008 | ₹1.50 | ₹2.00 | ₹0.50 | ₹1.50 | ₹5.50 | ||||||||
| 2007 | ₹1.50 | ₹1.50 | ₹3.00 |
Interim or final dividendSpecial dividendNone that month
Varun Shipping Co. dividend history
Every payment with its ex-date and record date, year by year.
2013
- Jan22Tue
₹0.50Dividend
Ex-date 22 Jan 2013 · books closed to 4 Feb 2013
3.23%of the price
2011
- Jul28Thu
₹0.80FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary
Ex-date 28 Jul 2011 · books closed to 11 Aug 2011
3.29%of the price
2010
- Jul21Wed
₹0.80Final
Ex-date 21 Jul 2010 · books closed to 4 Aug 2010
1.85%of the price
2009₹3.00 a share in 2 payments
- Jul10Fri
₹1.50Final
Ex-date 10 Jul 2009 · books closed to 28 Jul 2009
2.74%of the price - Feb2Mon
₹1.50Interim
Ex-date 2 Feb 2009 · record date 3 Feb 2009
3.19%of the price
2008₹5.50 a share in 4 payments
- Oct29Wed
₹1.50Interim
Ex-date 29 Oct 2008 · record date 31 Oct 2008
3.33%of the price - Aug29Fri
₹0.50Interim
Ex-date 29 Aug 2008 · record date 1 Sep 2008
0.75%of the price - Jul10Thu
₹2.00Final
Ex-date 10 Jul 2008 · books closed to 1 Aug 2008
2.91%of the price - Jan28Mon
₹1.50Interim
Ex-date 28 Jan 2008 · record date 29 Jan 2008
1.85%of the price
2007₹3.00 a share in 2 payments
- Nov5Mon
₹1.50Interim
Ex-date 5 Nov 2007 · record date 6 Nov 2007
2.14%of the price - Jul30Mon
₹1.50Final
Ex-date 30 Jul 2007 · books closed to 14 Aug 2007
2.38%of the price
Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date. A book closure is the run of days the company's register is frozen to settle who is paid; a record date is the one-day form of it.
Recent sessions
The 10 trading days to 29 Jul 2015, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 29 Jul 2015 | 9.85 | 9.85 | 9.25 | 9.85 | 9.74 | 3,26,275 |
| 28 Jul 2015 | 9.15 | 9.50 | 9.00 | 9.40 | 9.09 | 2,82,651 |
| 27 Jul 2015 | 10.30 | 10.35 | 9.45 | 9.45 | 9.97 | 1,72,625 |
| 24 Jul 2015 | 9.90 | 9.90 | 9.90 | 9.90 | 9.90 | 1,50,984 |
| 23 Jul 2015 | 9.45 | 9.45 | 9.45 | 9.45 | 9.45 | 20,329 |
| 22 Jul 2015 | 9.30 | 9.30 | 9.00 | 9.00 | 9.06 | 30,580 |
| 21 Jul 2015 | 9.95 | 9.95 | 9.30 | 9.30 | 9.48 | 33,479 |
| 20 Jul 2015 | 9.90 | 9.95 | 9.25 | 9.75 | 9.71 | 36,020 |
| 17 Jul 2015 | 9.00 | 9.50 | 8.60 | 9.50 | 9.23 | 1,08,853 |
| 16 Jul 2015 | 9.00 | 9.45 | 8.90 | 9.05 | 9.14 | 13,185 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 30 Jul 2015 | Demerger | – | Part of the business became a separate company, and the price change it caused could not be read, so earlier prices are not shown. |
Where an event has no factor that can be worked out, the chart leaves out the closes before it.
Company details
- BSE code
- 500465
- ISIN
- INE702A01013
- Industry
- Transport Services
- Former symbols
- VARUNSHIP
- Website
- www.varunship.com
- CIN
- L61100MH1971PLC014985
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1971
- Registered office
- 6, Laxmi Building, Shoorji Vallabhdas Marg, Ballard Estate, Mumbai 400001, Maharashtra
- Share registrar
- Datamatics Financial Services Ltd
- Keeps the register of shareholders and handles transfers and dividend payments