Shipping Corporation of India Ltd
Shipping Corporation of India is engaged involved in business of transporting goods and passengers.
- Market Cap ₹ 4,435 Cr.
- Current Price ₹ 95.2
- High / Low ₹ 117 / 65.9
- Stock P/E 5.54
- Book Value ₹ 137
- Dividend Yield 0.35 %
- ROCE 8.79 %
- ROE 10.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.70 times its book value
- Company has delivered good profit growth of 24.5% CAGR over last 5 years
- Company's working capital requirements have reduced from 50.0 days to 17.0 days
Cons
- The company has delivered a poor sales growth of 10.8% over past five years.
- Tax rate seems low
- Company has a low return on equity of 9.42% over last 3 years.
- Contingent liabilities of Rs.3,137 Cr.
- Company might be capitalizing the interest cost
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3,868 | 4,196 | 4,232 | 4,186 | 4,050 | 3,447 | 3,469 | 3,873 | 4,425 | 3,703 | 4,995 | 5,794 | |
3,860 | 3,942 | 3,643 | 3,361 | 2,688 | 2,667 | 2,793 | 3,160 | 3,283 | 2,539 | 3,463 | 4,236 | |
Operating Profit | 8 | 253 | 589 | 826 | 1,362 | 780 | 677 | 713 | 1,143 | 1,164 | 1,532 | 1,558 |
OPM % | 0% | 6% | 14% | 20% | 34% | 23% | 20% | 18% | 26% | 31% | 31% | 27% |
648 | 601 | 254 | 401 | 165 | 145 | 143 | 232 | 243 | 121 | 103 | 113 | |
Interest | 387 | 162 | 208 | 180 | 195 | 174 | 180 | 362 | 367 | 22 | 161 | 184 |
Depreciation | 609 | 761 | 856 | 770 | 542 | 566 | 610 | 658 | 671 | 628 | 635 | 753 |
Profit before tax | -340 | -68 | -221 | 276 | 789 | 186 | 29 | -75 | 348 | 635 | 838 | 733 |
Tax % | -26% | -67% | -24% | 27% | 5% | 23% | -761% | -63% | 13% | 3% | 5% | -9% |
Net Profit | -428 | -114 | -275 | 201 | 753 | 142 | 254 | -122 | 302 | 618 | 795 | 800 |
EPS in Rs | -9.19 | -2.45 | -5.90 | 4.31 | 16.17 | 3.05 | 5.45 | -2.62 | 6.49 | 13.27 | 17.06 | 17.18 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12% | 2% | 2% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 11% |
3 Years: | 9% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 25% |
3 Years: | 54% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 14% |
3 Years: | 38% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 6% |
3 Years: | 9% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | |
Reserves | 6,269 | 6,150 | 5,874 | 6,068 | 6,258 | 6,367 | 6,632 | 6,515 | 6,832 | 7,436 | 8,234 | 5,906 |
6,323 | 8,164 | 8,257 | 6,833 | 5,845 | 5,492 | 5,585 | 5,277 | 4,767 | 3,679 | 3,200 | 2,605 | |
981 | 1,309 | 1,935 | 1,562 | 2,148 | 2,162 | 1,686 | 1,896 | 1,668 | 1,556 | 1,955 | 1,936 | |
Total Liabilities | 14,038 | 16,089 | 16,532 | 14,929 | 14,717 | 14,487 | 14,369 | 14,155 | 13,733 | 13,137 | 13,855 | 10,912 |
8,913 | 11,540 | 11,935 | 11,444 | 11,827 | 11,411 | 11,348 | 11,119 | 10,653 | 10,174 | 7,625 | 7,403 | |
CWIP | 362 | 189 | 63 | 491 | 0 | 27 | 8 | 8 | 3 | 33 | 58 | 34 |
Investments | 275 | 118 | 113 | 90 | 66 | 75 | 131 | 77 | 77 | 77 | 78 | 79 |
4,489 | 4,242 | 4,420 | 2,903 | 2,824 | 2,975 | 2,882 | 2,951 | 3,000 | 2,853 | 6,094 | 3,396 | |
Total Assets | 14,038 | 16,089 | 16,532 | 14,929 | 14,717 | 14,487 | 14,369 | 14,155 | 13,733 | 13,137 | 13,855 | 10,912 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-449 | 809 | 838 | 2,100 | 1,490 | 683 | 228 | 668 | 945 | 1,341 | 1,645 | 1,466 | |
-1,664 | -2,669 | -966 | -253 | -11 | -86 | -471 | -72 | 324 | -207 | -1,079 | -520 | |
1,089 | 1,683 | -118 | -1,609 | -1,095 | -522 | -87 | -743 | -1,120 | -1,154 | -653 | -930 | |
Net Cash Flow | -1,024 | -178 | -246 | 237 | 384 | 74 | -329 | -146 | 149 | -21 | -87 | 16 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 74 | 77 | 91 | 69 | 61 | 70 | 70 | 56 | 50 | 62 | 47 | 64 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 74 | 77 | 91 | 69 | 61 | 70 | 70 | 56 | 50 | 62 | 47 | 64 |
Working Capital Days | -33 | -68 | -95 | -133 | -143 | -187 | -102 | -114 | -91 | -17 | 150 | 17 |
ROCE % | -2% | -3% | -0% | 2% | 7% | 3% | 1% | 1% | 5% | 6% | 8% | 9% |
Documents
Announcements
- Scheme Of Demerger - Intimation Of Cost Of Acquisition Ratio As Per Income Tax Act,1961 To Shareholders On Account Of Demerger Between Shipping Corporation Of India Limited And Shipping Corporation Of India Land And Assets Limited - Reg. 12 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 May - Copies of Newspaper clippings of Audited Standalone and Consolidated Financial Results for quarter and year ended on 31.03.2023 published in 'Financial Express', 'Loksatta' and 'Jansatta'.
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Announcement under Regulation 30 (LODR)-Change in Directorate
11 May - Following change in the Board of the Company with effect from 03.03.2023: Vide letter no. SS-11012/1/2022-SU Office Order (No. 02/2023) dated 10.05.2023, the Ministry of …
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
10 May - Circulars, enclosed herewith is the Annual Secretarial Compliance Report dated 09th May, 2023 issued by Mr. Atul Mehta (FCS No. 5782, CP No. 2486), Practicing …
- Board Meeting Outcome for Outcome Of Board Meeting And Compliance Of Regulations 30 And 33 Of The SEBI (LODR) Regulations, 2015 9 May
Annual reports
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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
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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India’s largest shipping company[1] The Shipping Corporation of India was established on October 2nd, 1961, by amalgamation of Eastern Shipping Corporation and Western Shipping Corporation. Starting out as a marginal Liner shipping Company with just 19 vessels, the SCI has today evolved into the largest Indian shipping