Shipping Corporation of India Ltd

Shipping Corporation of India Ltd

₹ 211 -2.13%
11 Jun - close price
About

Shipping Corporation of India is engaged involved in business of transporting goods and passengers.

Key Points

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]

  • Market Cap 9,813 Cr.
  • Current Price 211
  • High / Low 385 / 138
  • Stock P/E 12.0
  • Book Value 166
  • Dividend Yield 0.24 %
  • ROCE 10.2 %
  • ROE 11.1 %
  • 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 10.9% over last 3 years.
  • Contingent liabilities of Rs.3,997 Cr.
  • Dividend payout has been low at 14.7% of profits over last 3 years
  • Working capital days have increased from 65.1 days to 124 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,309 1,462 1,420 1,496 1,418 1,200 1,093 1,341 1,412 1,514 1,451 1,303 1,325
982 1,163 1,098 1,027 953 837 857 923 1,005 1,004 917 945 960
Operating Profit 327 299 322 469 465 363 236 417 407 510 534 358 365
OPM % 25% 20% 23% 31% 33% 30% 22% 31% 29% 34% 37% 27% 28%
46 28 38 25 34 27 69 22 98 44 40 34 75
Interest 76 50 47 38 50 35 56 40 40 40 43 64 39
Depreciation 160 172 190 195 196 197 200 251 241 220 234 255 243
Profit before tax 137 105 123 262 254 157 49 149 224 294 297 73 159
Tax % 8% 11% 10% 6% -42% 6% 16% 11% -30% 2% 2% 11% -9%
127 94 111 246 360 147 41 132 292 287 290 65 172
EPS in Rs 2.72 2.01 2.38 5.28 7.72 3.16 0.87 2.83 6.27 6.16 6.23 1.39 3.70
Raw PDF

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
4,232 4,186 4,050 3,447 3,469 3,873 4,425 3,703 4,988 5,794 5,046 5,592
3,643 3,361 2,688 2,667 2,793 3,160 3,283 2,539 3,455 4,234 3,622 3,825
Operating Profit 589 826 1,362 780 677 713 1,143 1,164 1,533 1,560 1,424 1,767
OPM % 14% 20% 34% 23% 20% 18% 26% 31% 31% 27% 28% 32%
254 401 165 145 143 232 243 121 97 111 215 193
Interest 208 180 195 174 180 362 367 22 161 185 171 186
Depreciation 856 770 542 566 610 658 671 628 635 753 889 951
Profit before tax -221 276 789 186 29 -75 348 635 834 733 578 822
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
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
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: 11%
Compounded Profit Growth
10 Years: 22%
5 Years: 30%
3 Years: 1%
TTM: 44%
Stock Price CAGR
10 Years: 19%
5 Years: 43%
3 Years: 34%
1 Year: -14%
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
Equity Capital 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
8,257 6,833 5,845 5,492 5,585 5,277 4,767 3,679 3,200 2,605 2,914 2,228
1,935 1,562 2,148 2,162 1,686 1,896 1,668 1,556 1,684 1,936 1,646 1,160
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
11,935 11,444 11,827 11,411 11,348 11,119 10,653 10,174 7,624 7,403 7,004 6,711
CWIP 63 491 0 27 8 8 3 33 58 34 42 4
Investments 113 90 66 75 131 77 77 77 78 79 79 286
4,420 2,903 2,824 2,975 2,882 2,951 3,000 2,853 2,700 3,396 4,398 4,131
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

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 -95 -133 -143 -187 -102 -114 -91 -17 10 17 54 124
ROCE % -0% 2% 7% 3% 1% 1% 5% 6% 10% 10% 7% 10%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75%
3.13% 3.28% 3.30% 3.23% 2.89% 3.23% 3.27% 4.66% 4.56% 5.61% 4.79% 4.68%
7.87% 7.81% 7.47% 7.01% 7.01% 6.97% 7.99% 7.87% 8.69% 3.64% 3.63% 3.16%
25.25% 25.17% 25.50% 26.01% 26.36% 26.05% 24.98% 23.74% 23.01% 27.00% 27.83% 28.41%
No. of Shareholders 1,86,2121,80,9931,76,2491,75,1431,83,3392,09,1992,19,4633,04,5273,24,1564,41,5354,52,4814,60,808

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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