Shipping Corporation of India Ltd

Shipping Corporation of India Ltd

₹ 346 4.69%
12 Jul - 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 16,100 Cr.
  • Current Price 346
  • High / Low 385 / 96.8
  • Stock P/E 26.3
  • Book Value 150
  • Dividend Yield 0.13 %
  • ROCE 7.95 %
  • ROE 9.18 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 5.43% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.3% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 2.77% of profits over last 3 years
  • Debtor days have increased from 70.9 to 102 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

Sector: Shipping Industry: Shipping

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
875 1,028 1,221 1,431 1,309 1,462 1,420 1,496 1,418 1,200 1,093 1,341 1,412
652 692 822 966 982 1,163 1,098 1,027 953 837 857 923 1,005
Operating Profit 223 336 399 465 327 299 322 469 465 363 236 417 407
OPM % 26% 33% 33% 33% 25% 20% 23% 31% 33% 30% 22% 31% 29%
25 21 8 25 46 28 38 25 34 27 69 22 98
Interest 33 52 13 17 76 50 47 38 50 35 56 40 40
Depreciation 154 155 161 159 160 172 190 195 196 197 200 251 241
Profit before tax 62 150 233 315 137 105 123 262 254 157 49 149 224
Tax % -6% 3% 2% 8% 8% 11% 10% 6% -42% 6% 16% 11% -30%
66 146 228 290 127 94 111 246 360 147 41 132 292
EPS in Rs 1.42 3.13 4.90 6.23 2.72 2.01 2.38 5.28 7.72 3.16 0.87 2.83 6.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4,196 4,232 4,186 4,050 3,447 3,469 3,873 4,425 3,703 4,988 5,794 5,046
3,942 3,643 3,361 2,688 2,667 2,793 3,160 3,283 2,539 3,455 4,234 3,622
Operating Profit 253 589 826 1,362 780 677 713 1,143 1,164 1,533 1,560 1,424
OPM % 6% 14% 20% 34% 23% 20% 18% 26% 31% 31% 27% 28%
601 254 401 165 145 143 232 243 121 97 111 216
Interest 162 208 180 195 174 180 362 367 22 161 185 171
Depreciation 761 856 770 542 566 610 658 671 628 635 753 889
Profit before tax -68 -221 276 789 186 29 -75 348 635 834 733 578
Tax % -67% -24% 27% 5% 23% -761% -63% 13% 3% 5% -9% -6%
-114 -275 201 753 142 254 -122 302 618 790 800 612
EPS in Rs -2.45 -5.90 4.31 16.17 3.05 5.45 -2.62 6.49 13.27 16.96 17.18 13.14
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 12% 2% 2% 3% 4%
Compounded Sales Growth
10 Years: 2%
5 Years: 5%
3 Years: 11%
TTM: -13%
Compounded Profit Growth
10 Years: 15%
5 Years: 42%
3 Years: 0%
TTM: -23%
Stock Price CAGR
10 Years: 22%
5 Years: 71%
3 Years: 58%
1 Year: 244%
Return on Equity
10 Years: 6%
5 Years: 9%
3 Years: 11%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 466 466 466 466 466 466 466 466 466 466 466 466
Reserves 6,150 5,874 6,068 6,258 6,367 6,632 6,515 6,832 7,436 5,111 5,906 6,498
8,164 8,257 6,833 5,845 5,492 5,585 5,277 4,767 3,679 3,200 2,605 2,914
1,309 1,935 1,562 2,148 2,162 1,686 1,896 1,668 1,556 1,684 1,936 1,646
Total Liabilities 16,089 16,532 14,929 14,717 14,487 14,369 14,155 13,733 13,137 10,461 10,912 11,523
11,540 11,935 11,444 11,827 11,411 11,348 11,119 10,653 10,174 7,624 7,403 7,004
CWIP 189 63 491 0 27 8 8 3 33 58 34 42
Investments 118 113 90 66 75 131 77 77 77 78 79 79
4,242 4,420 2,903 2,824 2,975 2,882 2,951 3,000 2,853 2,700 3,396 4,398
Total Assets 16,089 16,532 14,929 14,717 14,487 14,369 14,155 13,733 13,137 10,461 10,912 11,523

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
809 838 2,100 1,490 683 228 668 945 1,341 1,441 1,466 995
-2,669 -966 -253 -11 -86 -471 -72 324 -207 -730 -502 -560
1,683 -118 -1,609 -1,095 -522 -87 -743 -1,120 -1,154 -653 -930 103
Net Cash Flow -178 -246 237 384 74 -329 -146 149 -21 59 34 538

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 77 91 69 61 70 70 56 50 62 47 64 102
Inventory Days
Days Payable
Cash Conversion Cycle 77 91 69 61 70 70 56 50 62 47 64 102
Working Capital Days -68 -95 -133 -143 -187 -102 -114 -91 -17 10 17 54
ROCE % -3% -0% 2% 7% 3% 1% 1% 5% 6% 10% 10% 8%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75%
0.89% 0.96% 2.21% 2.35% 3.13% 3.28% 3.30% 3.23% 2.89% 3.23% 3.27% 4.66%
10.57% 10.37% 9.50% 8.35% 7.87% 7.81% 7.47% 7.01% 7.01% 6.97% 7.99% 7.87%
24.79% 24.92% 24.54% 25.55% 25.25% 25.17% 25.50% 26.01% 26.36% 26.05% 24.98% 23.74%
No. of Shareholders 2,10,6971,96,0751,81,9101,90,4401,86,2121,80,9931,76,2491,75,1431,83,3392,09,1992,19,4633,04,527

* 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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