Shipping Corporation of India Ltd
Shipping Corporation of India is engaged involved in business of transporting goods and passengers.
- Market Cap ₹ 11,654 Cr.
 - Current Price ₹ 250
 - High / Low ₹ 280 / 138
 - Stock P/E 12.9
 - Book Value ₹ 178
 - Dividend Yield 2.63 %
 - ROCE 9.81 %
 - ROE 10.5 %
 - Face Value ₹ 10.0
 
Pros
- Company has reduced debt.
 
Cons
- The company has delivered a poor sales growth of 4.84% over past five years.
 - Tax rate seems low
 - Company has a low return on equity of 10.1% over last 3 years.
 - Contingent liabilities of Rs.4,305 Cr.
 - Dividend payout has been low at 14.1% of profits over last 3 years
 - Working capital days have increased from -1.99 days to 77.4 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 SmallCap BSE CPSE BSE Allcap Nifty MidSmallcap 400
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,311 | 4,050 | 3,447 | 3,469 | 3,873 | 4,425 | 3,703 | 4,995 | 5,794 | 5,047 | 5,606 | 5,408 | |
| 3,396 | 2,688 | 2,667 | 2,793 | 3,160 | 3,283 | 2,544 | 3,465 | 4,237 | 3,624 | 3,841 | 3,664 | |
| Operating Profit | 916 | 1,362 | 780 | 677 | 713 | 1,143 | 1,159 | 1,530 | 1,557 | 1,423 | 1,765 | 1,744 | 
| OPM % | 21% | 34% | 23% | 20% | 18% | 26% | 31% | 31% | 27% | 28% | 31% | 32% | 
| 395 | 193 | 185 | 196 | 292 | 277 | 204 | 175 | 184 | 283 | 225 | 334 | |
| Interest | 239 | 195 | 174 | 180 | 362 | 367 | 22 | 161 | 185 | 171 | 187 | 176 | 
| Depreciation | 801 | 542 | 566 | 610 | 658 | 671 | 628 | 635 | 753 | 889 | 951 | 981 | 
| Profit before tax | 270 | 818 | 226 | 82 | -16 | 382 | 713 | 909 | 803 | 645 | 852 | 920 | 
| Tax % | 28% | 4% | 19% | -273% | 304% | 12% | 2% | 5% | -8% | -5% | 1% | |
| 195 | 782 | 182 | 306 | -63 | 336 | 696 | 865 | 870 | 679 | 844 | 906 | |
| EPS in Rs | 4.19 | 16.78 | 3.92 | 6.58 | -1.35 | 7.22 | 14.94 | 18.57 | 18.68 | 14.58 | 18.11 | 19.45 | 
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 10% | 2% | 2% | 2% | 3% | 36% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% | 
| 5 Years: | 5% | 
| 3 Years: | 4% | 
| TTM: | 1% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% | 
| 5 Years: | 27% | 
| 3 Years: | -1% | 
| TTM: | 13% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% | 
| 5 Years: | 45% | 
| 3 Years: | 35% | 
| 1 Year: | 17% | 
| Return on Equity | |
|---|---|
| 10 Years: | 7% | 
| 5 Years: | 10% | 
| 3 Years: | 10% | 
| Last Year: | 11% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 
| Reserves | 6,053 | 6,272 | 6,428 | 6,769 | 6,717 | 7,018 | 7,702 | 8,631 | 6,437 | 7,074 | 7,846 | 
| 7,739 | 5,845 | 5,492 | 5,585 | 5,277 | 4,767 | 3,679 | 3,200 | 2,605 | 2,914 | 2,228 | |
| 1,580 | 2,148 | 2,162 | 1,686 | 1,896 | 1,668 | 1,556 | 1,956 | 1,936 | 1,646 | 1,161 | |
| Total Liabilities | 15,839 | 14,731 | 14,549 | 14,506 | 14,357 | 13,919 | 13,403 | 14,253 | 11,443 | 12,100 | 11,701 | 
| 12,280 | 11,827 | 11,411 | 11,348 | 11,119 | 10,653 | 10,174 | 7,625 | 7,403 | 7,004 | 6,711 | |
| CWIP | 567 | 0 | 27 | 8 | 8 | 3 | 33 | 58 | 34 | 42 | 4 | 
| Investments | 77 | 80 | 136 | 269 | 279 | 298 | 354 | 476 | 611 | 657 | 826 | 
| 2,915 | 2,824 | 2,975 | 2,882 | 2,951 | 2,964 | 2,841 | 6,094 | 3,395 | 4,397 | 4,159 | |
| Total Assets | 15,839 | 14,731 | 14,549 | 14,506 | 14,357 | 13,919 | 13,403 | 14,253 | 11,443 | 12,100 | 11,701 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,197 | 1,490 | 683 | 228 | 712 | 945 | 1,340 | 1,644 | 1,465 | 994 | 850 | |
| -308 | -11 | -86 | -471 | 7 | 324 | -206 | -1,079 | -501 | -573 | -316 | |
| -1,675 | -1,095 | -522 | -87 | -866 | -1,120 | -1,154 | -653 | -930 | 103 | -1,236 | |
| Net Cash Flow | 214 | 384 | 74 | -329 | -146 | 149 | -20 | -88 | 34 | 524 | -702 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 68 | 61 | 70 | 70 | 56 | 50 | 62 | 47 | 64 | 102 | 78 | 
| Inventory Days | |||||||||||
| Days Payable | |||||||||||
| Cash Conversion Cycle | 68 | 61 | 70 | 70 | 56 | 50 | 62 | 47 | 64 | 102 | 78 | 
| Working Capital Days | -161 | -143 | -290 | -236 | -264 | -255 | -115 | 74 | -41 | -42 | 77 | 
| ROCE % | 7% | 3% | 2% | 2% | 5% | 6% | 9% | 9% | 8% | 10% | 
Documents
Announcements
- 
        
          Board Meeting Intimation for  Approving Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended 30.09.2025 And Consideration Of Interim Dividend, If Any.
          
            23h - Board meeting on 07.11.2025 to approve Q2/H1 unaudited results and consider interim dividend.
 - 
        
          Intimation Under Regulation 30 Of The SEBI(LODR) Regulations 2015
          
            23 Oct - SCI board approved consultant-prepared Long Term Business Plan on 23-Oct-2025; project evaluations to follow.
 - 
        
          Announcement under Regulation 30 (LODR)-Change in Directorate
          
            15 Oct - Rear Admiral Jaswinder Singh given additional charge of Director (BC&T) at SCI from 01.10.2025 to 31.12.2025.
 - 
        
          Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Waiver Of Fines By BSE.
          
            14 Oct - Shipping Corporation of India: BSE accepted NSE waiver; fines for multiple LODR quarters (Dec'24–Jun'25) waived.
 - 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            8 Oct - RTA certificate: no securities received for dematerialisation up to 30 Sep 2025.
 
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
      from bse
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      Financial Year 2022
      from bse
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      Financial Year 2021
      from bse
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      Financial Year 2020
      from bse
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      Financial Year 2019
      from bse
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      Financial Year 2018
      from bse
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      Financial Year 2017
      from bse
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      Financial Year 2016
      from bse
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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
 
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]