Sadhav Shipping Limited
Incorporated in 1996, Sadhav Shipping Limited owns and operates marine assets to service ports, and coastal logistics, and provides other port maritime-related services.The company was previously known as Homa Offshore & Shipping Company Private Limited.
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Sadhav Shipping inked a bareboat charter with purchase option for a specialized marine boat from Candela Technology AB, Sweden. This move boosts its specialized marine services in Mumbai, expanding its portfolio and maritime sector presence.
Sadhav Shipping's contract with JNPA for two mooring boats was terminated. JNPA also debarred Sadhav from future tenders for five years. Sadhav contests the decision, believing the action is invalid, and has appealed for a recall of the termination and debarment.
Sadhav Shipping reported strong Q1 results: Revenue ₹31.23 Cr, EBITDA ₹8.00 Cr, PAT ₹3.40 Cr. Key operational wins include a ₹18.07 Cr Mumbai Port Authority contract, new boat orders, and a joint venture approved for maritime services expansion. These moves enhance recurring revenue and fleet capabilities for future growth.
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Sadhav Shipping secured new contracts: 7.35 Cr for Chennai Port mooring, 4.67 Cr repeat for Paradip oil spill, and 6.33 Cr for defence offshore services. Q4 FY26 revenue reached 34.34 Cr with PAT of 3.15 Cr. FY26 revenue stood at 97.55 Cr, PAT 14.72 Cr.