Transworld Shipping Lines Limited is a publicly listed company incorporated on August 16, 1988. It operates as a public limited company based in Mumbai City, Maharashtra. The company is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the ticker symbol TRANSWORLD. Formerly known as Shreyas Shipping and Logistics Limited (SSLL), it is the Indian-flagged vessel owning company of the 45-year-old Transworld Group. The group is recognized as a pioneer in the domestic multimodal transportation sector.
The company has established itself as a significant player in India's coastal shipping industry, focusing primarily on container transportation services along the Indian coastline. Transworld Shipping Lines Limited is a key provider of cost-efficient tonnages to leading operators in domestic coastal container shipping, covering all major ports and container terminals on the Indian coast. With a fleet of 12 vessels and a capacity of over 22,000 TEUs, Shreyas Shipping & Logistics (SSL) is currently India's leading owner and provider of container ships for charter.
Transworld Shipping Lines Ltd has a market capitalization of approximately ₹944.17 crores as of January 7, 2025, based on NSE data. It's worth noting that market cap figures can vary across different sources.
The company's stock has experienced significant volatility. The 52-week high for the share price was ₹493.00, and the 52-week low was ₹235.45. Over the past year, TRANSWORLD SHIP LINES LTD has delivered a return of 56.31%. However, the stock has faced some near-term pressure, with its share price moving down by 12.85% on the BSE in the last month.
Key financial metrics indicate an Earnings Per Share (EPS) of 2.80. The company maintains a dividend policy, with a current dividend yield of 0.48%. As of January 7, 2025, the price-to-earnings (PE) ratio for Transworld Shipping Lines Ltd stands at 146.14.
Transworld Shipping Lines Limited offers coastal container shipping services within India and internationally. The company owns and operates container feeder ships, with its primary operations focused on domestic coastal container shipping, serving as a vital link in India's maritime transportation network.
As of March 31, 2024, the company owned and operated a fleet comprising 12 vessels. This fleet had a total capacity of 2,79,962 MT GRT and 3,62,427 MT DWT. Specifically, it included 10 container vessels with a total capacity of 22,046 TEUs and 2 dry bulk vessels with an aggregate DWT of 69,402 MT. This diverse fleet composition enables the company to meet various shipping demands, with container vessels forming the core of its operations, supplemented by dry bulk vessels that provide additional revenue streams.
The company's strategic focus on the coastal shipping segment allows it to efficiently serve major Indian ports and container terminals. By offering dedicated Container Shipping services and focusing on domestic routes, Transworld Shipping Lines has cultivated strong relationships with major logistics operators, maintaining a competitive edge in the Indian market.
The company's authorized share capital is INR 38.00 crore, with a total paid-up capital of INR 21.96 crore. The ownership structure reflects strong promoter backing, with promoter holding in Transworld Shipping Lines Ltd increasing to 70.44% as of March 2025, from 70.44% as of June 2024.
The company is guided by an experienced leadership team. Notable recent appointments include Anil Kumar Gupta and Sangeeta Kapil Jit Singh, who joined the board on March 19, 2024. Ramakrishnan Sivaswamy Iyer holds the highest number of directorships among the company's nine directors, serving on the boards of 32 companies.
Transworld Shipping Lines Ltd is positioned among leading players in India's shipping industry. Its top 5 peers in the Infrastructure sector include GE Shipping Co, S C I, Essar Shipping, Transworld Shipp, and Global Offshore. This competitive landscape includes both public and private sector entities.
The company benefits significantly from being an integral part of the larger Transworld Group. Transworld Group is a multinational shipping and logistics conglomerate headquartered in Dubai, United Arab Emirates, with diverse business interests spanning shipping and logistics, aviation, supply chain management, and food processing. Established in 1977 by R. Sivaswamy, the group operates offices globally, including in the UAE, USA, Saudi Arabia, Oman, Sri Lanka, and multiple cities across India.
The parent group's diversification, such as its luxury private jet charter service 'Airavat' (a joint venture with former SpiceJet COO Arun Kashyap's Sirius India Airlines) and its food processing and agri-logistics arm 'Transgreen,' offers potential strategic advantages and synergies for the shipping business.
Transworld Shipping Lines Ltd continues to prioritize operational excellence and fleet optimization. Recent operational achievements include the successful execution of complex logistical projects, such as Shreyas Shipping & Logistics Limited completing seven consecutive Ship-to-Ship (STS) operations between October 2023 and March 2024 for the transportation of construction materials.
The broader Transworld Group's expansion plans, such as the construction of a 50,000+ square meter dry and temperature-controlled distribution center in Jafza (expected completion by 2025), underscore the group's commitment to scaling operations and enhancing service capabilities.
Transworld Shipping Lines Ltd is well-positioned within India's coastal shipping sector. This advantage is amplified by India's growing trade volumes and the government's emphasis on promoting coastal shipping as an efficient and environmentally friendly transportation mode. The company's established fleet, experienced management, and strong market presence form a robust foundation for sustained growth in the domestic shipping market.
