Shipping Corporation of India Ltd

₹ 331 1.38%

15 May - 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]

Website BSE NSE

Market Cap ₹ 15,425 Cr.
Current Price ₹ 331
High / Low ₹ 369 / 174
Stock P/E 11.6
Book Value ₹ 182
Dividend Yield 1.99 %
ROCE 14.8 %
ROE 16.3 %
Face Value ₹ 10.0

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Pros

Company has been maintaining a healthy dividend payout of 19.1%

Cons

The company has delivered a poor sales growth of 9.31% over past five years.
Tax rate seems low
Company has a low return on equity of 12.2% over last 3 years.
Company might be capitalizing the interest cost
Working capital days have increased from 60.4 days to 146 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 Nifty500 Shariah BSE CPSE Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market BSE Services Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE 1000 Nifty India Infrastructure & Logistics Nifty Smallcap 500

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	1,418	1,200	1,093	1,341	1,412	1,514	1,451	1,303	1,325	1,316	1,338	1,611	1,513
	953	837	857	923	1,005	1,004	917	945	960	826	930	931	898
Operating Profit	465	363	236	417	407	510	534	358	365	490	409	680	614
OPM %	33%	30%	22%	31%	29%	34%	37%	27%	28%	37%	31%	42%	41%
	34	27	69	22	98	44	40	34	75	146	95	55	145
Interest	50	35	56	40	40	40	43	64	39	30	47	48	47
Depreciation	196	197	200	251	241	220	234	255	243	250	256	271	287
Profit before tax	254	157	49	149	224	294	297	73	159	355	201	415	425
Tax %	-42%	6%	16%	11%	-30%	2%	2%	11%	-9%	3%	12%	5%	3%
	360	147	41	132	292	287	290	65	172	343	176	393	414
EPS in Rs	7.72	3.16	0.87	2.83	6.27	6.16	6.23	1.39	3.70	7.37	3.78	8.45	8.88
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4,186	4,050	3,447	3,469	3,873	4,425	3,703	4,988	5,794	5,046	5,592	5,778
	3,361	2,688	2,667	2,793	3,160	3,283	2,544	3,455	4,234	3,622	3,824	3,585
Operating Profit	826	1,362	780	677	713	1,143	1,159	1,533	1,560	1,424	1,768	2,193
OPM %	20%	34%	23%	20%	18%	26%	31%	31%	27%	28%	32%	38%
	401	165	145	143	232	243	126	97	111	215	193	440
Interest	180	195	174	180	362	367	22	161	185	171	187	173
Depreciation	770	542	566	610	658	671	628	635	753	889	951	1,064
Profit before tax	276	789	186	29	-75	348	635	834	733	578	822	1,396
Tax %	27%	5%	23%	-761%	63%	13%	3%	5%	-9%	-6%	1%	5%
	201	753	142	254	-122	302	618	790	800	612	814	1,326
EPS in Rs	4.31	16.17	3.05	5.45	-2.62	6.49	13.27	16.96	17.18	13.14	17.48	28.47
Dividend Payout %	0%	0%	0%	0%	0%	12%	2%	2%	3%	4%	38%	16%

Compounded Sales Growth
10 Years:	4%
5 Years:	9%
3 Years:	0%
TTM:	3%

Compounded Profit Growth
10 Years:	6%
5 Years:	17%
3 Years:	19%
TTM:	65%

Stock Price CAGR
10 Years:	19%
5 Years:	31%
3 Years:	51%
1 Year:	92%

Return on Equity
10 Years:	8%
5 Years:	12%
3 Years:	12%
Last Year:	16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	466	466	466	466	466	466	466	466	466	466	466	466
Reserves	6,068	6,258	6,367	6,632	6,515	6,832	7,436	5,111	5,906	6,498	7,278	8,023
	6,833	5,845	5,492	5,585	5,277	4,767	3,679	3,200	2,605	2,914	2,228	2,679
	1,562	2,148	2,162	1,686	1,896	1,668	1,556	1,684	1,936	1,646	1,160	1,539
Total Liabilities	14,929	14,717	14,487	14,369	14,155	13,733	13,137	10,461	10,912	11,523	11,132	12,707
	11,444	11,827	11,411	11,348	11,119	10,653	10,174	7,624	7,403	7,004	6,711	7,198
CWIP	491	0	27	8	8	3	33	58	34	42	4	5
Investments	90	66	75	131	77	77	77	78	79	79	286	196
	2,903	2,824	2,975	2,882	2,951	3,000	2,853	2,700	3,396	4,398	4,131	5,308
Total Assets	14,929	14,717	14,487	14,369	14,155	13,733	13,137	10,461	10,912	11,523	11,132	12,707

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,100	1,490	683	228	668	945	1,341	1,441	1,466	995	850	1,341
	-253	-11	-86	-471	-72	324	-207	-730	-502	-574	-318	-857
	-1,609	-1,095	-522	-87	-743	-1,120	-1,154	-653	-930	103	-1,235	-518
Net Cash Flow	237	384	74	-329	-146	149	-21	59	34	524	-703	-34
Free Cash Flow	1,508	976	508	-241	471	959	1,144	950	990	548	558	-156
CFO/OP	264%	116%	96%	47%	103%	92%	118%	98%	97%	69%	48%	56%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	69	61	70	70	56	50	62	47	64	102	78	75
Inventory Days
Days Payable
Cash Conversion Cycle	69	61	70	70	56	50	62	47	64	102	78	75
Working Capital Days	-136	-143	-290	-236	-264	-255	-115	-66	-41	-42	78	146
ROCE %	2%	7%	3%	1%	1%	5%	6%	10%	10%	7%	10%	15%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Fleet Size (Owned Vessels)
Number

xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
xx	xx	xx	xx	xx	xx		xx	xx	xx	xx	xx
xx.xx	x.xx	x.xx	xx.xx	xx.xx	xx.xx					xx.xx	xx.xx

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Total Fleet Capacity (DWT)
Million DWT

Managed Vessels
Number

Average Age of Owned Vessels
Years

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%
	2.89%	3.23%	3.27%	4.66%	4.56%	5.61%	4.79%	4.68%	6.14%	6.49%	7.13%	8.98%
	7.01%	6.97%	7.99%	7.87%	8.69%	3.64%	3.63%	3.16%	2.57%	2.58%	2.41%	2.49%
	26.36%	26.05%	24.98%	23.74%	23.01%	27.00%	27.83%	28.41%	27.55%	27.19%	26.72%	24.79%
No. of Shareholders	1,83,339	2,09,199	2,19,463	3,04,527	3,24,156	4,41,535	4,52,481	4,60,808	4,63,965	4,47,555	4,19,705	3,96,720

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%
	3.56%	2.39%	1.60%	1.72%	0.85%	2.35%	3.23%	4.66%	4.68%	8.98%
	18.80%	18.73%	17.08%	15.59%	11.44%	8.35%	7.01%	7.87%	3.16%	2.49%
	13.89%	15.14%	17.57%	18.94%	23.96%	25.55%	26.01%	23.74%	28.41%	24.79%
No. of Shareholders	1,55,617	1,48,289	1,47,229	1,54,572	1,96,647	1,90,440	1,75,143	3,04,527	4,60,808	3,96,720

* 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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Shipping Corporation of India Ltd

Shipping Corporation of India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

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