Shahi Shipping (BOM:526508) Debt-to-Equity: 18.44 (As of Mar. 2026) — 629% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:526508 Shahi Shipping Ltd BOM:526508
46 GF Score
Price ₹11.73
GF Value ₹9.26
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Shahi Shipping Debt-to-Equity?

Shahi Shipping BOM:526508 +0.17% 46 Debt-to-Equity is 18.44 as of Mar. 2026, which is 629% above its 10-year median of 2.53. GuruFocus rates BOM:526508 with a GF Score™ of 46/100 and a GF Value™ of ₹9.26 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 912 Transportation companies, Shahi Shipping ranks worse than 99.12% on this metric.

Shahi Shipping's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹22.19 Mil. Shahi Shipping's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹65.64 Mil. Shahi Shipping's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₹4.76 Mil. Shahi Shipping's debt to equity for the quarter that ended in Mar. 2026 was 18.44.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Shahi Shipping's Debt-to-Equity or its related term are showing as below:

BOM:526508' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45   Med: 2.53   Max: 18.44
Current: 18.44

During the past 13 years, the highest Debt-to-Equity Ratio of Shahi Shipping was 18.44. The lowest was 0.45. And the median was 2.53.

BOM:526508's Debt-to-Equity is ranked worse than
99.12% of 912 companies
in the Transportation industry
Industry Median: 0.53 vs BOM:526508: 18.44

Shahi Shipping  (BOM:526508) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Shahi Shipping Debt-to-Equity Related Terms


Shahi Shipping Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Shahi Shipping's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shahi Shipping Debt-to-Equity Chart

Shahi Shipping Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.64 2.74 0.92 2.69 18.44

Shahi Shipping Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.69 N/A 4.41 N/A 18.44

Shahi Shipping Debt-to-Equity Competitor Comparison

For the Marine Shipping subindustry, Shahi Shipping's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shahi Shipping Debt-to-Equity vs Transportation Industry

For the Transportation industry and Industrials sector, Shahi Shipping's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shahi Shipping's Debt-to-Equity falls into.


BOM:526508
46GF Score
Shahi Shipping Ltd BOM:526508
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shahi Shipping Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shahi Shipping's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Shahi Shipping's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 18.44 mean?
Shahi Shipping (BOM:526508) has a Debt-to-Equity of 18.44 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Shahi Shipping and its competitors. This is 629% above median its historical median of 2.53. Over the past decade, Shahi Shipping's Debt-to-Equity has ranged from 0.45 to 18.44. According to the industry distribution chart, Shahi Shipping ranks #904 out of 912 companies in the Transportation industry, placing it in the top 99.1%.
Is Shahi Shipping's Debt-to-Equity too high?
Shahi Shipping's current Debt-to-Equity of 18.44 is 629% above median its 10-year median of 2.53. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 18.44. The Transportation industry median Debt-to-Equity is 0.53. Shahi Shipping's value of 18.44 is 3379.2% above this industry median. Based on the distribution chart, Shahi Shipping ranks #904 out of 912 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Shahi Shipping has a GF Score™ of 46/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shahi Shipping's Debt-to-Equity compare to competitors?
According to the Transportation industry distribution chart, Shahi Shipping ranks #904 out of 912 companies for Debt-to-Equity. This places Shahi Shipping in the lower half of its industry. The industry median Debt-to-Equity is 0.53. Shahi Shipping's value of 18.44 is 3379.2% above this benchmark. Historically, Shahi Shipping's own Debt-to-Equity has ranged from 0.45 to 18.44 over the past decade. While the company's 10-year median is 2.53 vs. the industry median of 0.53, Shahi Shipping has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 912 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shahi Shipping's current Debt-to-Equity of 18.44 is 3379.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Shahi Shipping and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shahi Shipping's current Debt-to-Equity is 18.44, which is 629% above median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shahi Shipping stock overvalued right now?
Based on GuruFocus' analysis, Shahi Shipping (BOM:526508) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹9.26, compared to a current price of ₹11.73 — trading 26.7% above its estimated fair value. The current Debt-to-Equity is 18.44, which is 629% above median its 10-year median of 2.53 and 3379.2% above the Transportation industry median of 0.53. Shahi Shipping's overall GF Score™ is 46/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Shahi Shipping (BOM:526508), the current Debt-to-Equity is 18.44 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shahi Shipping (BOM:526508) Overvalued in 2026?

Based on GuruFocus' analysis, Shahi Shipping stock appears to be overvalued. The current stock price of ₹11.73 is trading 26.7% above its estimated GF Value™ of ₹9.26. GuruFocus considers Shahi Shipping to be Modestly Overvalued.

Key valuation signals for BOM:526508:

  • Debt-to-Equity: 18.44 (629% above median its 10-year median of 2.53)
  • GF Value™: ₹9.26 vs. price of ₹11.73 (26.7% above fair value)
  • GF Score™: 46/100 with 3 warning signs
  • Industry Position: 3379.2% above the Transportation median (#904 of 912)

No single metric tells the full story. See the BOM:526508 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shahi Shipping Business Description

Address Baroda Street, 4th Floor, 404, Abhay Steel House, Carnac bunder, Mumbai, MH, IND, 400050
Shahi Shipping Ltd is in the shipping business. It provides services in the areas of container liquid cargo lighterage operations of petroleum and chemical products, lighterage operations of bulk cargo, tug services for port-related activities, supply of bunkers to vessels, and container feeder service on Indian coasts through its fleet of vessels.
46GF Score

Get the complete analysis for BOM:526508

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹11.73
Price
₹9.26
GF Value