Shipping Corporation of India Ltd

₹ 229 -1.23%

02 Apr - 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]

Website BSE NSE

Market Cap ₹ 10,646 Cr.
Current Price ₹ 229
High / Low ₹ 280 / 143
Stock P/E 9.39
Book Value ₹ 183
Dividend Yield 2.88 %
ROCE 9.81 %
ROE 10.5 %
Face Value ₹ 10.0

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Pros

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 CPSE BSE Allcap Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market BSE Services Nifty500 Equal Weight

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	1,496	1,418	1,200	1,093	1,341	1,413	1,514	1,451	1,316	1,325	1,316	1,339	1,612
	1,027	954	837	858	924	1,005	1,005	918	958	961	827	932	934
Operating Profit	469	465	363	236	417	407	510	533	357	365	489	406	678
OPM %	31%	33%	30%	22%	31%	29%	34%	37%	27%	28%	37%	30%	42%
	46	55	51	94	25	113	49	43	45	88	157	111	69
Interest	38	50	35	56	40	40	40	43	64	39	31	47	48
Depreciation	195	196	197	200	251	241	220	234	255	243	250	256	271
Profit before tax	282	274	182	74	151	239	298	298	84	171	366	214	427
Tax %	6%	-39%	5%	11%	11%	-29%	2%	2%	10%	-8%	3%	12%	5%
	267	380	172	66	134	307	291	291	76	185	354	189	405
EPS in Rs	5.72	8.16	3.68	1.41	2.88	6.60	6.26	6.26	1.62	3.97	7.60	4.06	8.69
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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	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	5,592
	3,396	2,688	2,667	2,793	3,160	3,283	2,544	3,465	4,237	3,624	3,841	3,654
Operating Profit	916	1,362	780	677	713	1,143	1,159	1,530	1,557	1,423	1,765	1,938
OPM %	21%	34%	23%	20%	18%	26%	31%	31%	27%	28%	31%	35%
	395	193	185	196	292	277	204	175	184	283	225	425
Interest	239	195	174	180	362	367	22	161	185	171	187	165
Depreciation	801	542	566	610	658	671	628	635	753	889	951	1,019
Profit before tax	270	818	226	82	-16	382	713	909	803	645	852	1,179
Tax %	28%	4%	19%	-273%	304%	12%	2%	5%	-8%	-5%	1%
	195	782	182	306	-63	336	696	865	870	679	844	1,133
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	24.32
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:	-2%

Compounded Profit Growth
10 Years:	23%
5 Years:	27%
3 Years:	-1%
TTM:	17%

Stock Price CAGR
10 Years:	16%
5 Years:	21%
3 Years:	37%
1 Year:	33%

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	Sep 2025
Equity Capital	466	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	8,065
	7,739	5,845	5,492	5,585	5,277	4,767	3,679	3,200	2,605	2,914	2,228	2,811
	1,580	2,148	2,162	1,686	1,896	1,668	1,556	1,956	1,936	1,646	1,161	1,566
Total Liabilities	15,839	14,731	14,549	14,506	14,357	13,919	13,403	14,253	11,443	12,100	11,701	12,908
	12,280	11,827	11,411	11,348	11,119	10,653	10,174	7,625	7,403	7,004	6,711	7,441
CWIP	567	0	27	8	8	3	33	58	34	42	4	23
Investments	77	80	136	269	279	298	354	476	611	657	826	800
	2,915	2,824	2,975	2,882	2,951	2,964	2,841	6,094	3,395	4,397	4,159	4,644
Total Assets	15,839	14,731	14,549	14,506	14,357	13,919	13,403	14,253	11,443	12,100	11,701	12,908

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
Free Cash Flow	1,538	976	508	-241	594	959	1,144	1,151	990	546	558
CFO/OP	248%	116%	96%	47%	109%	92%	118%	111%	97%	69%	48%

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%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Fleet Size (Owned Vessels)
Number ・Standalone data

xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
xx	xx	xx	xx	xx	xx		xx	xx	xx	xx	xx
xx.xx	x.xx	x.xx	xx.xx	xx.xx	xx.xx					xx.xx	xx.xx

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Total Fleet Capacity (DWT)
Million DWT ・Standalone data

Managed Vessels
Number ・Standalone data

Average Age of Owned Vessels
Years ・Standalone data

Shareholding Pattern

Numbers in percentages

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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%
	3.23%	2.89%	3.23%	3.27%	4.66%	4.56%	5.61%	4.79%	4.68%	6.14%	6.49%	7.13%
	7.01%	7.01%	6.97%	7.99%	7.87%	8.69%	3.64%	3.63%	3.16%	2.57%	2.58%	2.41%
	26.01%	26.36%	26.05%	24.98%	23.74%	23.01%	27.00%	27.83%	28.41%	27.55%	27.19%	26.72%
No. of Shareholders	1,75,143	1,83,339	2,09,199	2,19,463	3,04,527	3,24,156	4,41,535	4,52,481	4,60,808	4,63,965	4,47,555	4,19,705

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%	63.75%
	3.56%	2.39%	1.60%	1.72%	0.85%	2.35%	3.23%	4.66%	4.68%	7.13%
	18.80%	18.73%	17.08%	15.59%	11.44%	8.35%	7.01%	7.87%	3.16%	2.41%
	13.89%	15.14%	17.57%	18.94%	23.96%	25.55%	26.01%	23.74%	28.41%	26.72%
No. of Shareholders	1,55,617	1,48,289	1,47,229	1,54,572	1,96,647	1,90,440	1,75,143	3,04,527	4,60,808	4,19,705

* 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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Shipping Corporation of India Ltd

Shipping Corporation of India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

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