Shipping Corporation of India Ltd
Shipping Corporation of India is engaged involved in business of transporting goods and passengers.
- Market Cap ₹ 11,875 Cr.
- Current Price ₹ 255
- High / Low ₹ 280 / 138
- Stock P/E 11.0
- Book Value ₹ 166
- Dividend Yield 2.58 %
- ROCE 10.1 %
- ROE 11.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- The company has delivered a poor sales growth of 4.79% over past five years.
- Tax rate seems low
- Company has a low return on equity of 10.8% over last 3 years.
- Contingent liabilities of Rs.4,305 Cr.
- Dividend payout has been low at 14.7% of profits over last 3 years
- Working capital days have increased from -1.94 days to 77.6 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Transport Services Shipping
Part of Nifty 500 BSE CPSE BSE Allcap Nifty MidSmallcap 400 Nifty Smallcap 250
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,232 | 4,186 | 4,050 | 3,447 | 3,469 | 3,873 | 4,425 | 3,703 | 4,988 | 5,794 | 5,046 | 5,592 | 5,590 | |
| 3,643 | 3,361 | 2,688 | 2,667 | 2,793 | 3,160 | 3,283 | 2,544 | 3,455 | 4,234 | 3,622 | 3,824 | 3,647 | |
| Operating Profit | 589 | 826 | 1,362 | 780 | 677 | 713 | 1,143 | 1,159 | 1,533 | 1,560 | 1,424 | 1,768 | 1,943 |
| OPM % | 14% | 20% | 34% | 23% | 20% | 18% | 26% | 31% | 31% | 27% | 28% | 32% | 35% |
| 254 | 401 | 165 | 145 | 143 | 232 | 243 | 126 | 97 | 111 | 215 | 193 | 370 | |
| Interest | 208 | 180 | 195 | 174 | 180 | 362 | 367 | 22 | 161 | 185 | 171 | 187 | 165 |
| Depreciation | 856 | 770 | 542 | 566 | 610 | 658 | 671 | 628 | 635 | 753 | 889 | 951 | 1,019 |
| Profit before tax | -221 | 276 | 789 | 186 | 29 | -75 | 348 | 635 | 834 | 733 | 578 | 822 | 1,129 |
| Tax % | 24% | 27% | 5% | 23% | -761% | 63% | 13% | 3% | 5% | -9% | -6% | 1% | |
| -275 | 201 | 753 | 142 | 254 | -122 | 302 | 618 | 790 | 800 | 612 | 814 | 1,085 | |
| EPS in Rs | -5.90 | 4.31 | 16.17 | 3.05 | 5.45 | -2.62 | 6.49 | 13.27 | 16.96 | 17.18 | 13.14 | 17.48 | 23.30 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 12% | 2% | 2% | 3% | 4% | 38% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 5% |
| 3 Years: | 4% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 30% |
| 3 Years: | 1% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 28% |
| 3 Years: | 41% |
| 1 Year: | 58% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 10% |
| 3 Years: | 11% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 |
| Reserves | 5,874 | 6,068 | 6,258 | 6,367 | 6,632 | 6,515 | 6,832 | 7,436 | 5,111 | 5,906 | 6,498 | 7,278 | 7,497 |
| 8,257 | 6,833 | 5,845 | 5,492 | 5,585 | 5,277 | 4,767 | 3,679 | 3,200 | 2,605 | 2,914 | 2,228 | 2,811 | |
| 1,935 | 1,562 | 2,148 | 2,162 | 1,686 | 1,896 | 1,668 | 1,556 | 1,684 | 1,936 | 1,646 | 1,160 | 1,563 | |
| Total Liabilities | 16,532 | 14,929 | 14,717 | 14,487 | 14,369 | 14,155 | 13,733 | 13,137 | 10,461 | 10,912 | 11,523 | 11,132 | 12,337 |
| 11,935 | 11,444 | 11,827 | 11,411 | 11,348 | 11,119 | 10,653 | 10,174 | 7,624 | 7,403 | 7,004 | 6,711 | 7,440 | |
| CWIP | 63 | 491 | 0 | 27 | 8 | 8 | 3 | 33 | 58 | 34 | 42 | 4 | 23 |
| Investments | 113 | 90 | 66 | 75 | 131 | 77 | 77 | 77 | 78 | 79 | 79 | 286 | 261 |
| 4,420 | 2,903 | 2,824 | 2,975 | 2,882 | 2,951 | 3,000 | 2,853 | 2,700 | 3,396 | 4,398 | 4,131 | 4,612 | |
| Total Assets | 16,532 | 14,929 | 14,717 | 14,487 | 14,369 | 14,155 | 13,733 | 13,137 | 10,461 | 10,912 | 11,523 | 11,132 | 12,337 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 838 | 2,100 | 1,490 | 683 | 228 | 668 | 945 | 1,341 | 1,441 | 1,466 | 995 | 850 | |
| -966 | -253 | -11 | -86 | -471 | -72 | 324 | -207 | -730 | -502 | -574 | -318 | |
| -118 | -1,609 | -1,095 | -522 | -87 | -743 | -1,120 | -1,154 | -653 | -930 | 103 | -1,235 | |
| Net Cash Flow | -246 | 237 | 384 | 74 | -329 | -146 | 149 | -21 | 59 | 34 | 524 | -703 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 69 | 61 | 70 | 70 | 56 | 50 | 62 | 47 | 64 | 102 | 78 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 91 | 69 | 61 | 70 | 70 | 56 | 50 | 62 | 47 | 64 | 102 | 78 |
| Working Capital Days | -146 | -136 | -143 | -290 | -236 | -264 | -255 | -115 | -66 | -41 | -42 | 78 |
| ROCE % | -0% | 2% | 7% | 3% | 1% | 1% | 5% | 6% | 10% | 10% | 7% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
2d - ACC approved ex-post entrustment of Director (Finance) to Shri Som Raj from 01.01.2026 for three months.
- Closure of Trading Window 6 Feb
-
Corporate Action - Intimation Of Record Date
6 Feb - Approved Q3/nine-month results; Rs 3.5 interim dividend per share, record date Feb 17, 2026; ~Rs163.03 crore outflow.
-
Corporate Action-Board approves Dividend
6 Feb - Board approved Q3/9M results; declared Rs3.5 interim dividend; record date Feb 17; payout ~Rs163.03 crore.
- Results - Unaudited Financial Results For Quarter And Nine Months Ended 31.12.2025 6 Feb
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from nse
Concalls
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Nov 2025Transcript PPT
Largest Shipping Company
Company is the largest Indian shipping company in terms of capacity with a diversified fleet profile. It is involved in the business of transporting goods and passengers. Its owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, Passenger-cum-Cargo vessels, LPG carriers and Offshore Supply Vessels. It also manages a large number of vessels on behalf of various government departments and organizations. The GoI has conferred “Navratna” status to SCIL in August 2008. [1]