Shipping Corporation of India Ltd

About [ edit ]

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

  • Market Cap 5,366 Cr.
  • Current Price 115
  • High / Low 135 / 39.2
  • Stock P/E 7.44
  • Book Value 170
  • Dividend Yield 0.65 %
  • ROCE 5.28 %
  • ROE 3.45 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.68 times its book value

Cons

  • The company has delivered a poor sales growth of 0.52% over past five years.
  • Company has a low return on equity of 2.04% for last 3 years.
  • Contingent liabilities of Rs.2562.32 Cr.
  • Dividend payout has been low at 3.46% of profits over last 3 years

Peer comparison

Sector: Shipping Industry: Shipping

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
892 940 1,075 1,006 933 974 1,218 1,314 1,143 843 841
889 917 638 782 762 796 724 1,013 638 639 616
Operating Profit 3 23 437 224 171 179 495 301 505 204 226
OPM % 0% 2% 41% 22% 18% 18% 41% 23% 44% 24% 27%
Other Income 36 130 37 78 46 97 68 78 54 44 60
Interest 59 94 92 80 59 133 79 110 50 -55 -7
Depreciation 155 163 170 170 169 168 170 164 159 159 156
Profit before tax -174 -105 212 52 -12 -25 314 105 351 144 136
Tax % -9% -19% 9% -17% -143% -64% 6% -6% 4% 2% 3%
Net Profit -190 -125 192 61 -29 -41 295 111 337 142 132
EPS in Rs -4.09 -2.67 4.11 1.30 -0.62 -0.88 6.34 2.38 7.23 3.05 2.82

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
4,311 4,050 3,447 3,469 3,873 4,425 4,142
3,396 2,688 2,667 2,798 3,160 3,283 2,906
Operating Profit 916 1,362 780 672 713 1,143 1,236
OPM % 21% 34% 23% 19% 18% 26% 30%
Other Income 395 193 185 201 292 277 237
Interest 239 195 174 180 362 367 99
Depreciation 801 542 566 610 658 671 638
Profit before tax 270 818 226 82 -16 382 736
Tax % 28% 4% 19% -273% -304% 12%
Net Profit 195 782 182 306 -63 336 721
EPS in Rs 4.19 16.78 3.92 6.58 -1.35 7.22 15.48
Dividend Payout % 0% 0% 0% 0% 0% 10%
Compounded Sales Growth
10 Years:%
5 Years:1%
3 Years:9%
TTM:0%
Compounded Profit Growth
10 Years:%
5 Years:19%
3 Years:13%
TTM:152%
Stock Price CAGR
10 Years:1%
5 Years:9%
3 Years:19%
1 Year:187%
Return on Equity
10 Years:%
5 Years:4%
3 Years:2%
Last Year:3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
466 466 466 466 466 466 466
Reserves 6,053 6,272 6,428 6,769 6,717 7,018 7,458
Borrowings 7,739 5,845 5,492 5,585 5,277 4,767 3,511
1,580 2,148 2,162 1,686 1,896 1,668 2,069
Total Liabilities 15,839 14,731 14,549 14,506 14,357 13,919 13,503
12,280 11,827 11,411 11,348 11,119 10,653 10,377
CWIP 567 0 27 8 8 3 27
Investments 77 80 136 269 279 298 322
2,915 2,824 2,975 2,882 2,951 2,964 2,779
Total Assets 15,839 14,731 14,549 14,506 14,357 13,919 13,503

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2,197 1,490 683 228 712 945
-308 -11 -86 -471 7 324
-1,675 -1,095 -522 -87 -866 -1,120
Net Cash Flow 214 384 74 -329 -146 149

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 7% 3% 2% 2% 5%
Debtor Days 68 61 70 70 56 50
Inventory Turnover 6.98 6.67 7.49 8.04 7.76

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75
2.27 2.68 2.43 1.60 1.60 1.25 1.32 1.72 1.63 1.26 0.96 0.85
18.65 17.93 17.99 17.08 16.56 16.73 16.50 15.59 16.29 15.12 13.73 11.44
15.33 15.64 15.83 17.57 18.09 18.27 18.43 18.94 18.33 19.87 21.56 23.96

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