Shipping Corporation of India Ltd

S C I Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shipping Corporation of India Ltd

₹ 121 2.90%
29 Mar 4:01 p.m.
shipindia.com BSE: 523598 NSE : SCI
About

Shipping Corporation of India is engaged involved in business of transporting goods and passengers.

Key Points

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

Website BSE NSE
  • Market Cap ₹ 5,598 Cr.
  • Current Price ₹ 121
  • High / Low ₹ 151 / 85.6
  • Stock P/E 8.35
  • Book Value ₹ 202
  • Dividend Yield 0.27 %
  • ROCE 8.81 %
  • ROE 9.96 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.60 times its book value
  • Company has delivered good profit growth of 37.3% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 7.70% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 7.58% over last 3 years.
  • Contingent liabilities of Rs.3,137 Cr.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from 14.1 days to 150 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
1,218 1,314 1,143 843 841 875 1,028 1,221 1,431 1,315 1,465 1,420 1,500
724 1,013 638 639 616 652 692 822 966 988 1,168 1,098 1,033
Operating Profit 495 301 505 204 226 223 335 399 465 327 297 322 467
OPM % 41% 23% 44% 24% 27% 26% 33% 33% 32% 25% 20% 23% 31%
68 78 54 44 60 45 34 24 46 72 51 52 61
Interest 79 110 50 -55 -7 33 52 13 17 76 50 47 38
Depreciation 170 164 159 159 156 154 155 161 159 160 172 190 195
Profit before tax 314 105 351 144 136 82 162 248 336 162 126 136 296
Tax % 6% -6% 4% 2% 3% -5% 2% 2% 7% 6% 10% 9% 6%
Net Profit 295 111 337 142 132 86 159 243 312 152 114 124 280
EPS in Rs 6.34 2.38 7.23 3.05 2.82 1.84 3.40 5.22 6.69 3.27 2.45 2.67 6.00
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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 TTM
4,311 4,050 3,447 3,469 3,873 4,425 3,703 4,995 5,700
3,396 2,688 2,667 2,793 3,160 3,283 2,544 3,465 4,287
Operating Profit 916 1,362 780 677 713 1,143 1,159 1,530 1,413
OPM % 21% 34% 23% 20% 18% 26% 31% 31% 25%
395 193 185 196 292 277 204 175 236
Interest 239 195 174 180 362 367 22 161 211
Depreciation 801 542 566 610 658 671 628 635 717
Profit before tax 270 818 226 82 -16 382 713 909 721
Tax % 28% 4% 19% -273% -304% 12% 2% 5%
Net Profit 195 782 182 306 -63 336 696 865 670
EPS in Rs 4.19 16.78 3.92 6.58 -1.35 7.22 14.94 18.57 14.39
Dividend Payout % 0% 0% 0% 0% 0% 10% 2% 2%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 9%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 37%
3 Years: 116%
TTM: -16%
Stock Price CAGR
10 Years: 12%
5 Years: 13%
3 Years: 49%
1 Year: 6%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 8%
Last Year: 10%

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 Sep 2022
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 8,935
7,739 5,845 5,492 5,585 5,277 4,767 3,679 3,200 2,912
1,580 2,148 2,162 1,686 1,896 1,668 1,556 1,956 2,110
Total Liabilities 15,839 14,731 14,549 14,506 14,357 13,919 13,403 14,253 14,423
12,280 11,827 11,411 11,348 11,119 10,653 10,174 7,625 7,532
CWIP 567 0 27 8 8 3 33 58 53
Investments 77 80 136 269 279 298 354 476 575
2,915 2,824 2,975 2,882 2,951 2,964 2,841 6,094 6,262
Total Assets 15,839 14,731 14,549 14,506 14,357 13,919 13,403 14,253 14,423

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
2,197 1,490 683 228 712 945 1,340 1,644
-308 -11 -86 -471 7 324 -206 -1,079
-1,675 -1,095 -522 -87 -866 -1,120 -1,154 -653
Net Cash Flow 214 384 74 -329 -146 149 -20 -88

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 68 61 70 70 56 50 62 47
Inventory Days
Days Payable
Cash Conversion Cycle 68 61 70 70 56 50 62 47
Working Capital Days -157 -143 -187 -102 -114 -91 -17 150
ROCE % 7% 3% 2% 2% 5% 6% 9%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75
1.72 1.63 1.26 0.96 0.85 0.89 0.96 2.21 2.35 3.13 3.28 3.30
15.59 16.29 15.12 13.73 11.44 10.57 10.37 9.50 8.35 7.87 7.81 7.47
18.94 18.33 19.87 21.56 23.96 24.79 24.92 24.54 25.55 25.25 25.17 25.50

* 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.

Click on the line-items to see the names of individual entities.

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