Board Change • Jun 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Mansi Dave was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹2.53 (vs ₹0.96 in FY 2025) Full year 2026 results: EPS: ₹2.53 (up from ₹0.96 in FY 2025). Revenue: ₹183.2m (down 27% from FY 2025). Net income: ₹7.77m (up 229% from FY 2025). Profit margin: 4.2% (up from 0.9% in FY 2025). The increase in margin was driven by lower expenses. Announcement • May 22
Sahara Maritime Limited to Report Fiscal Year 2026 Results on May 27, 2026 Sahara Maritime Limited announced that they will report fiscal year 2026 results on May 27, 2026 Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹21.50, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 20x in the Logistics industry in India. Total loss to shareholders of 49% over the past year. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹19.16, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 20x in the Logistics industry in India. Total loss to shareholders of 65% over the past year. Board Change • Mar 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Mansi Dave was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 13
Sahara Maritime Limited Approves Change in Designation of Khalid Sohrab Sayed from Non- Executive Director to Executive Director Sahara Maritime Limited at its AGM held on March 11, 2026 approved Change in designation of Mr. Khalid Sohrab Sayed (DIN: 09791002) from Non- Executive Director to Executive Director. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to ₹17.52, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 20x in the Logistics industry in India. Total loss to shareholders of 66% over the past year. Announcement • Nov 10
Sahara Maritime Limited to Report First Half, 2026 Results on Nov 14, 2025 Sahara Maritime Limited announced that they will report first half, 2026 results on Nov 14, 2025 Reported Earnings • Sep 08
Full year 2025 earnings released: EPS: ₹0.96 (vs ₹2.54 in FY 2024) Full year 2025 results: EPS: ₹0.96 (down from ₹2.54 in FY 2024). Revenue: ₹252.4m (up 88% from FY 2024). Net income: ₹2.36m (down 70% from FY 2024). Profit margin: 0.9% (down from 5.8% in FY 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹38.48, the stock trades at a trailing P/E ratio of 50.1x. Average trailing P/E is 23x in the Logistics industry in India. Total loss to shareholders of 36% over the past year. Announcement • Aug 28
Sahara Maritime Limited, Annual General Meeting, Sep 30, 2025 Sahara Maritime Limited, Annual General Meeting, Sep 30, 2025, at 10:00 Indian Standard Time. Location: 105,106&108,plaza shopping centre, 1st floor, plot no. 142, sheriff, devif street, chakala market, mandvi, mumbai - 400003, mumbai India Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹34.00, the stock trades at a trailing P/E ratio of 44.3x. Average trailing P/E is 21x in the Logistics industry in India. Total loss to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹40.81, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 21x in the Logistics industry in India. Total loss to shareholders of 15% over the past year. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹34.85, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 23x in the Logistics industry in India. Total loss to shareholders of 30% over the past year. Announcement • May 20
Sahara Maritime Limited to Report Second Half, 2025 Results on May 27, 2025 Sahara Maritime Limited announced that they will report second half, 2025 results on May 27, 2025 Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹55.80, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 26x in the Logistics industry in India. Total returns to shareholders of 6.3% over the past year. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹43.66, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 27x in the Logistics industry in India. Total loss to shareholders of 41% over the past year. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹59.70, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 29x in the Logistics industry in India. New Risk • Nov 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 4.1% per year over the past 5 years. High level of non-cash earnings (55% accrual ratio). Market cap is less than US$10m (₹159.8m market cap, or US$1.90m). Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Revenue is less than US$5m (₹160m revenue, or US$1.9m). Announcement • Nov 07
Sahara Maritime Limited to Report First Half, 2025 Results on Nov 13, 2024 Sahara Maritime Limited announced that they will report first half, 2025 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹66.95, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 31x in the Logistics industry in India. Announcement • Sep 06
Sahara Maritime Limited, Annual General Meeting, Sep 26, 2024 Sahara Maritime Limited, Annual General Meeting, Sep 26, 2024, at 15:00 Indian Standard Time. Location: 105,106&108,plaza shopping centre, 1st floor, plot no. 142, sheriff, devif street, chakala market, mandvi, mumbai - 400003, mumbai India Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹65.00, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 25x in the Logistics industry in India. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹58.99, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 35x in the Logistics industry in India. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹56.00, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 30x in the Logistics industry in India. Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: ₹3.17 (vs ₹5.39 in FY 2023) Full year 2024 results: EPS: ₹3.17 (down from ₹5.39 in FY 2023). Revenue: ₹135.0m (down 48% from FY 2023). Net income: ₹7.80m (down 35% from FY 2023). Profit margin: 5.8% (up from 4.6% in FY 2023). The increase in margin was driven by lower expenses. Announcement • May 24
Sahara Maritime Limited to Report Second Half, 2024 Results on May 30, 2024 Sahara Maritime Limited announced that they will report second half, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹55.95, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 28x in the Logistics industry in India. New Risk • Mar 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (57% accrual ratio). Market cap is less than US$10m (₹161.2m market cap, or US$1.93m). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Revenue is less than US$5m (₹261m revenue, or US$3.1m). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹54.11, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 27x in the Logistics industry in India. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹80.83, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 28x in the Logistics industry in India. Board Change • Dec 26
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Executive Director Nadeem Hira is the most experienced director on the board, commencing their role in 2009. Independent Non-Executive Director Mansi Dave was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. 
