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| Name of Company | Varun Shipping Co Ltd |
| BSE Code | 500465 |
| NSE Code |
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| ICICI Code | |
| Established | 1971 |
| My Take | Like |
| Headquarters | Mumbai |
| Promoters | |
| Story | Has 20 vessels in the LPG and crude oil sectors. Clients include HPCL, BPCL, IOCL, Reliance, Essar, Exmar group, KS AS Hektorgas. 43% promoter holding. Some shares held by LIC, GIC and other institutions. |
| Sector | Shipping |
| Sub-sector | Petrol, gas ships |
| Website | |
| Positives | Regularly dividend paying company, At 47, this is at 52 week low and at 718 Cr market cap. It has 77% market share in LPG transportation. |
| Negatives | Profits are nowhere near FY08 profits of 225 Cr. Lot of selling by Tarun shipping and Industries. Shipping companies get very less return on capital (around 3%). |
| Peers | Shipping corp, Essar, Great Eastern, Mercator lines |
| News |
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May 17, 2010
Varun Shipping Co Ltd 500465
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