Chowgule Steamships Limited
BBSE:CHOWGULSTM20.55
INR
-0.03
(-0.15%)
ISIN
INE490A01015
Return %
Stock
S&P 500
1Y
-8.46
13.14
3Y
37.73
80.78
5Y
103.67
67.74
Capital Structure
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- CEO
- Vijay Vishwasrao Chowgule
- Full Time Employees
- 5
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- 9 Mansi, 1st Cross Lane Thane MA India 400602
- IPO Date
- Jan 1, 1990
- Website
- chowgulesteamships.co.in
- Similar Companies
- Business
- Chowgule Steamships Limited is a shipping company primarily engaged in the ownership and operation of vessels for seaborne transportation of bulk cargoes. Its fleet includes Panamax and Handymax vessels with a combined international fleet tonnage of approximately 191,696 deadweight tons (DWT) and a coastal fleet of mini bulk carriers totaling 8,980 DWT. These vessels transport bulk commodities such as iron ore, grain, coal, fertilizers, cement clinker, bauxite, steel coils, food grains, and industrial salt. The company serves both international and coastal shipping markets with time charter contracts involving reputed global charterers. Founded in 1963 and headquartered in Mormugao, Goa, India, Chowgule Steamships operates primarily in the shipping and transportation sector. Over the last couple of years, the company has maintained its focus on bulk cargo transportation but underwent some structural changes, including the dissolution of its wholly owned foreign subsidiary, Chowgule Steamships Overseas Limited, in June 2025. Financially, the company reported a decline in total income and profitability in the first half of 2025 compared to the prior year, reflecting a challenging market environment. Recent developments include approval of remuneration for its Whole-Time Director and the convening of an Extraordinary General Meeting for shareholder decisions. Despite revenue challenges, Chowgule Steamships continues to maintain operational profitability and manage its fleet for bulk cargo shipping, focusing on steady service provision in domestic and international maritime logistics. The company operates mainly in India with its fleet engaged in both coastal and international trade routes carrying diverse bulk commodities essential for industrial and agricultural sectors. This continuity underlines its established position in bulk shipping from its base in Goa with a fleet averaging 10 to 13 years in age. Key products and services include time-chartered bulk shipping of commodities via Panamax, Handymax, and mini bulk carriers; coastal cargo transport specializing in industrial and agricultural materials; and managing a modern fleet for international shipping operations. The company has not recently announced major expansion or diversification and remains focused on seaborne bulk cargo logistics. Chowgule Steamships Limited is a publicly listed company on the Bombay Stock Exchange (Ticker: CHOWGULSTM.BO) and continues to align its operations with evolving market conditions while consolidating its core business activities in bulk maritime transportation.