Transworld Shipping Lines Ltd (TRANSWORLD) AI Stock Analysis

• Market Cap: ₹2.86B
• Dividend Yield: 0.76%
• Average Volume (3M): 2.39K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• Revenue Growth: 10.69%
• EPS Growth: -203.58%
• Country: IN
• Employees: 50
• Sector: Services
• Sector Strength: N/A
• Industry: Marine Shipping
• EPS (TTM): -11.52
• Shares Outstanding: 21,957,533
• 10 Day Avg. Volume: 4,480
• 30 Day Avg. Volume: 2,390
• PEG Ratio: -0.10
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 1.27
• P/FCF Ratio: 5.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ₹137.00 ▼(-43.94% Downside)
• Action: Reiterated Date: 01/23/26
• Date: Action: Reiterated 01/23/26

The score is supported by improving fundamentals (strong revenue rebound, positive margins, and healthier leverage), but is held back by weak technicals (price below key moving averages and negative MACD) and an unfavorable/unclear valuation signal from a negative P/E alongside a low dividend yield.

Positive Factors

Revenue recovery & profitability

A 58% revenue rebound and return to positive net margins indicate durable demand recovery in core shipping and logistics. Sustained top-line growth improves scale economics, supports reinvestment in fleet and services, and strengthens operating cash flow over the next several months.

Improving leverage and equity base

A moderate debt-to-equity (0.41) and high equity ratio provide financial flexibility to fund capex, service cyclical downturns, and pursue contract-led growth without heavy reliance on external financing, supporting durable solvency and strategic options over 2–6 months.

Improving cash generation

Positive FCF growth and operating cash flow exceeding net income show improving cash conversion, enhancing ability to service debt and fund operations. This strengthens liquidity and supports steady investment in logistics capabilities and long-term customer contracts.

Negative Factors

Margins and ROE below prior peaks

Although profitability has returned, margins are still below historical peaks and ROE is low, limiting internal capital generation and efficiency of reinvestment. Modest returns constrain long-term ability to compound shareholder value and may slow strategic expansion.

Suboptimal free cash flow conversion

FCF covering only 80% of net income suggests earnings are not fully cash-backed, possibly due to working capital or capex timing. This reduces available cash for growth initiatives, dividends or deleveraging and increases vulnerability if revenue weakens.

Earnings volatility / negative EPS growth

Very large negative EPS growth points to volatile or one-off swings in reported earnings, weakening predictability. Persistent earnings instability complicates budgeting and capital allocation, and can limit access to favorable financing or long-term contracts.

Transworld Shipping Lines Ltd Business Overview & Revenue Model

Company Description

Transworld Shipping Lines Limited provides coastal container shipping in India and internationally. It owns and operates container feeder ships. As of March 31, 2025, the company owned and operated a fleet of 12 vessels with a total capacity of 2,79,962 MT GRT and 3,62,413 MT DWT comprising 10 container vessels with a total capacity of 22,046 TEUs; and 2 dry bulk vessels with an aggregate of 69,402 MT DWT. It serves industries, including steel, road and infrastructure, defence, thermal power plants, oil and energy, consumer goods, and public sector undertakings. The company was formerly known as Shreyas Shipping and Logistics Limited and changed its name to Transworld Shipping Lines Limited in September 2024. Transworld Shipping Lines Limited was incorporated in 1988 and is headquartered in Navi Mumbai, India. Transworld Shipping Lines Limited operates as a subsidiary of Transworld Holdings Limited.

How the Company Makes Money

TRANSWORLD primarily makes money by charging customers for ocean freight transportation of containerized cargo on its shipping services. Key revenue streams typically include: (1) freight charges paid per container (or per shipment) for moving goods between ports; (2) surcharges and ancillary shipping fees tied to the movement of cargo (e.g., fees associated with equipment use, documentation, or other service add-ons) where applicable; and (3) revenue from related logistics services connected to shipping operations when provided alongside ocean carriage. The company’s earnings are influenced by shipping volumes, freight rates, vessel capacity utilization, operating costs (including fuel and port-related charges), and the strength of trade flows on the routes it serves. Specific disclosures on route mix, exact fee categories, customer concentration, or named strategic partnerships are null.

Transworld Shipping Lines Ltd Financial Statement Overview

Summary

Income statement shows a strong rebound with 58.41% revenue growth and a return to positive profitability (net margin 7.61%), though margins remain below prior peak levels. Balance sheet leverage is moderate and improving (debt-to-equity 0.41; equity ratio 66.79%), but ROE is modest (4.24%). Cash flow is improving (FCF +6.53%; operating cash flow to net income 1.23), yet free cash flow conversion to earnings is not fully aligned (FCF/net income 0.80).

Income Statement

Transworld Shipping Lines Ltd has shown a strong recovery in its income statement metrics. The company achieved a significant revenue growth rate of 58.41% in the latest year, bouncing back from a decline in the previous year. Gross profit margin improved to 20.40%, and net profit margin turned positive at 7.61%, indicating enhanced profitability. However, the margins are still below the peak levels seen in 2023, suggesting room for further improvement.

Balance Sheet

The balance sheet of Transworld Shipping Lines Ltd reflects a stable financial position with a debt-to-equity ratio of 0.41, which is an improvement from previous years, indicating reduced leverage. The return on equity is modest at 4.24%, showing potential for higher profitability. The equity ratio stands at 66.79%, highlighting a strong equity base. Overall, the company has managed its debt levels well, but profitability metrics could be enhanced.

Cash Flow

Cash flow analysis reveals a positive trend with a 6.53% growth in free cash flow. The operating cash flow to net income ratio is healthy at 1.23, indicating efficient cash generation relative to net income. However, the free cash flow to net income ratio of 0.80 suggests that while cash flow is improving, there is still room for better alignment with net income. The company has shown resilience in cash flow management, but further improvements are needed to optimize free cash flow.

Breakdown	TTM	Mar 2025	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	2.09B	4.46B	2.81B	4.82B	5.35B
Gross Profit	136.00M	877.20M	-433.80M	2.13B	2.23B
EBITDA	458.00M	1.50B	668.60M	2.63B	2.49B
Net Income	-138.50M	339.00M	-510.10M	1.97B	2.11B
Balance Sheet
Total Assets	11.36B	11.98B	12.47B	13.57B	9.14B
Cash, Cash Equivalents and Short-Term Investments	779.20M	816.50M	507.00M	271.70M	650.50M
Total Debt	2.95B	3.33B	4.05B	4.99B	2.35B
Total Liabilities	3.66B	3.98B	4.81B	5.39B	2.84B
Stockholders Equity	7.69B	8.00B	7.67B	8.19B	6.29B
Cash Flow
Free Cash Flow	1.47B	1.04B	-245.10M	-2.62B	-1.66B
Operating Cash Flow	1.72B	1.37B	189.60M	2.31B	1.18B
Investing Cash Flow	-381.80M	-421.40M	956.20M	-4.98B	-785.80M
Financing Cash Flow	-1.33B	-827.30M	-1.29B	2.27B	152.30M

Transworld Shipping Lines Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 244.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRANSWORLD, the sentiment is Negative. The current price of 244.4 is above the 20-day moving average (MA) of 134.47, above the 50-day MA of 155.56, and above the 200-day MA of 223.18, indicating a bearish trend. The MACD of -8.08 indicates Negative momentum. The RSI at 37.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TRANSWORLD.

Transworld Shipping Lines Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RITCO	62 Neutral	₹5.34B	18.26	―	―	34.34%	2.00%
TRANSWORLD	60 Neutral	₹2.86B	-4.30	―	0.76%	10.69%	-203.58%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
CLEDUCATE	52 Neutral	₹2.43B	-6.96	―	―	43.91%	-249.30%
NDTV	43 Neutral	₹7.48B	-2.37	―	―	19.53%	-138.48%
SADBHIN	43 Neutral	₹870.00M	-0.31	―	―	4.63%	67.17%
SICALLOG	39 Underperform	₹13.47B	3.00	―	―	76.34%	94.50%

Transworld Shipping Lines Ltd Corporate Events

Transworld Shipping Lines to Sell Vessel SSL Krishna for USD 11.9 Million

Transworld Shipping Lines Ltd has signed a Memorandum of Agreement to sell its vessel M.V. SSL Krishna to Avana Logistek Ltd for a consideration of USD 11.90 million. The buyer is not related to the company’s promoter group, and the transaction does not qualify as a related-party deal, indicating a straightforward fleet rationalisation move that may free up capital and potentially reshape the company’s asset mix without governance concerns flagged in the disclosure.

Transworld Shipping Lines Vessel Cleared to Sail After Gujarat High Court Release Order

Transworld Shipping Lines Limited has disclosed that the Gujarat High Court in Ahmedabad has issued a release order permitting its vessel SSL Visakhapatnam to sail from Hazira port, following an admiralty suit involving allegations of misdelivery of cargo without presentation of the original bill of lading. In connection with the case, the court had directed the deposit of security, and the company has quantified the financial impact of the matter at about INR 7.5 crore, including legal and related costs, highlighting a material but contained operational and financial exposure arising from the dispute.

Transworld Shipping Lines Vessel SSL Visakhapatnam Arrested by Gujarat High Court in Cargo Dispute

Transworld Shipping Lines Limited has disclosed that the Gujarat High Court in Ahmedabad has issued an arrest order on its vessel SSL Visakhapatnam in connection with an admiralty suit filed by Kishan Minerals. The plaintiff has alleged misdelivery of cargo without the presentation of the original bill of lading, and the court has ordered the company to deposit INR 7.44 crore as security, creating a quantified potential financial impact while the matter remains pending adjudication.