Shipping Corporation of India Ltd

Shipping Corporation of India Ltd

₹ 206 1.68%
12 Aug - 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 9,577 Cr.
  • Current Price 206
  • High / Low 281 / 138
  • Stock P/E 10.6
  • Book Value 178
  • Dividend Yield 0.24 %
  • ROCE 9.89 %
  • ROE 10.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.15 times its book value

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 10.8% over last 3 years.
  • Contingent liabilities of Rs.5,241 Cr.
  • Dividend payout has been low at 14.1% of profits over last 3 years
  • Working capital days have increased from 1.83 days to 88.8 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
1,462 1,417 1,496 1,418 1,200 1,093 1,341 1,413 1,514 1,451 1,316 1,325 1,316
1,163 1,094 1,027 954 837 858 924 1,005 1,005 918 958 961 827
Operating Profit 299 324 469 465 363 236 417 407 510 533 357 365 489
OPM % 20% 23% 31% 33% 30% 22% 31% 29% 34% 37% 27% 28% 37%
44 39 46 55 51 94 25 113 49 43 45 88 157
Interest 50 47 38 50 35 56 40 40 40 43 64 39 31
Depreciation 172 190 195 196 197 200 251 241 220 234 255 243 250
Profit before tax 121 126 282 274 182 74 151 239 298 298 84 171 366
Tax % 10% 9% 6% -39% 5% 11% 11% -29% 2% 2% 10% -8% 3%
109 114 267 380 172 66 134 307 291 291 76 185 354
EPS in Rs 2.34 2.46 5.72 8.16 3.68 1.41 2.88 6.60 6.26 6.26 1.62 3.97 7.60
Raw PDF

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 4,988 5,794 5,047 5,606 5,408
3,396 2,688 2,667 2,793 3,160 3,283 2,544 3,457 4,237 3,624 3,842 3,664
Operating Profit 916 1,362 780 677 713 1,143 1,159 1,531 1,557 1,423 1,764 1,744
OPM % 21% 34% 23% 20% 18% 26% 31% 31% 27% 28% 31% 32%
395 193 185 196 292 277 204 170 184 283 225 334
Interest 239 195 174 180 362 367 22 161 185 171 186 176
Depreciation 801 542 566 610 658 671 628 635 753 889 951 981
Profit before tax 270 818 226 82 -16 382 713 904 803 645 852 920
Tax % 28% 4% 19% -273% 304% 12% 2% 5% -8% -5% 1%
195 782 182 306 -63 336 696 861 870 679 844 906
EPS in Rs 4.19 16.78 3.92 6.58 -1.35 7.22 14.94 18.47 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: 0%
TTM: 13%
Stock Price CAGR
10 Years: 13%
5 Years: 35%
3 Years: 34%
1 Year: -25%
Return on Equity
10 Years: 7%
5 Years: 11%
3 Years: 11%
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 5,508 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 1,684 1,936 1,646 1,161
Total Liabilities 15,839 14,731 14,549 14,506 14,357 13,919 13,403 10,859 11,443 12,100 11,701
12,280 11,827 11,411 11,348 11,119 10,653 10,174 7,624 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 2,701 3,395 4,397 4,159
Total Assets 15,839 14,731 14,549 14,506 14,357 13,919 13,403 10,859 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 1,440 1,465 994 850
-308 -11 -86 -471 7 324 -206 -729 -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 58 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 -66 -41 -42 89
ROCE % 7% 3% 2% 2% 5% 6% 10% 11% 8% 10%

Shareholding Pattern

Numbers in percentages

6 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 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%
3.28% 3.30% 3.23% 2.89% 3.23% 3.27% 4.66% 4.56% 5.61% 4.79% 4.68% 6.14%
7.81% 7.47% 7.01% 7.01% 6.97% 7.99% 7.87% 8.69% 3.64% 3.63% 3.16% 2.57%
25.17% 25.50% 26.01% 26.36% 26.05% 24.98% 23.74% 23.01% 27.00% 27.83% 28.41% 27.55%
No. of Shareholders 1,80,9931,76,2491,75,1431,83,3392,09,1992,19,4633,04,5273,24,1564,41,5354,52,4814,60,8084,63,965

* 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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