Shipping Corporation of India Ltd

Shipping Corporation of India Ltd

₹ 331 1.38%
15 May - 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 15,425 Cr.
  • Current Price 331
  • High / Low 369 / 174
  • Stock P/E 11.4
  • Book Value 195
  • Dividend Yield 1.99 %
  • ROCE 14.3 %
  • ROE 15.5 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 18.4%

Cons

  • The company has delivered a poor sales growth of 9.31% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.8% over last 3 years.
  • Working capital days have increased from 60.3 days to 146 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,418 1,200 1,093 1,341 1,413 1,514 1,451 1,316 1,325 1,316 1,339 1,612 1,513
954 837 858 924 1,005 1,005 918 958 961 827 932 934 910
Operating Profit 465 363 236 417 407 510 533 357 365 489 406 678 603
OPM % 33% 30% 22% 31% 29% 34% 37% 27% 28% 37% 30% 42% 40%
55 51 94 25 113 49 43 45 88 157 111 69 147
Interest 50 35 56 40 40 40 43 64 39 31 47 48 47
Depreciation 196 197 200 251 241 220 234 255 243 250 256 271 287
Profit before tax 274 182 74 151 239 298 298 84 171 366 214 427 416
Tax % -39% 5% 11% 11% -29% 2% 2% 10% -8% 3% 12% 5% 3%
380 172 66 134 307 291 291 76 185 354 189 405 405
EPS in Rs 8.16 3.68 1.41 2.88 6.60 6.26 6.26 1.62 3.97 7.60 4.06 8.69 8.69
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 Mar 2026
4,311 4,050 3,447 3,469 3,873 4,425 3,703 4,995 5,794 5,047 5,606 5,780
3,396 2,688 2,667 2,793 3,160 3,283 2,544 3,465 4,237 3,624 3,841 3,594
Operating Profit 916 1,362 780 677 713 1,143 1,159 1,530 1,557 1,423 1,765 2,185
OPM % 21% 34% 23% 20% 18% 26% 31% 31% 27% 28% 31% 38%
395 193 185 196 292 277 204 175 184 283 225 475
Interest 239 195 174 180 362 367 22 161 185 171 187 173
Depreciation 801 542 566 610 658 671 628 635 753 889 951 1,064
Profit before tax 270 818 226 82 -16 382 713 909 803 645 852 1,423
Tax % 28% 4% 19% -273% 304% 12% 2% 5% -8% -5% 1% 5%
195 782 182 306 -63 336 696 865 870 679 844 1,353
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 29.05
Dividend Payout % 0% 0% 0% 0% 0% 10% 2% 2% 2% 3% 36% 15%
Compounded Sales Growth
10 Years: 4%
5 Years: 9%
3 Years: 0%
TTM: 3%
Compounded Profit Growth
10 Years: 6%
5 Years: 14%
3 Years: 16%
TTM: 62%
Stock Price CAGR
10 Years: 19%
5 Years: 31%
3 Years: 51%
1 Year: 92%
Return on Equity
10 Years: 8%
5 Years: 11%
3 Years: 12%
Last Year: 16%

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 Mar 2026
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 8,630
7,739 5,845 5,492 5,585 5,277 4,767 3,679 3,200 2,605 2,914 2,228 2,679
1,580 2,148 2,162 1,686 1,896 1,668 1,556 1,956 1,936 1,646 1,161 1,543
Total Liabilities 15,839 14,731 14,549 14,506 14,357 13,919 13,403 14,253 11,443 12,100 11,701 13,318
12,280 11,827 11,411 11,348 11,119 10,653 10,174 7,625 7,403 7,004 6,711 7,199
CWIP 567 0 27 8 8 3 33 58 34 42 4 5
Investments 77 80 136 269 279 298 354 476 611 657 826 774
2,915 2,824 2,975 2,882 2,951 2,964 2,841 6,094 3,395 4,397 4,159 5,341
Total Assets 15,839 14,731 14,549 14,506 14,357 13,919 13,403 14,253 11,443 12,100 11,701 13,318

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 Mar 2026
2,197 1,490 683 228 712 945 1,340 1,644 1,465 994 850 1,343
-308 -11 -86 -471 7 324 -206 -1,079 -501 -573 -316 -858
-1,675 -1,095 -522 -87 -866 -1,120 -1,154 -653 -930 103 -1,236 -518
Net Cash Flow 214 384 74 -329 -146 149 -20 -88 34 524 -702 -32
Free Cash Flow 1,538 976 508 -241 594 959 1,144 1,151 990 546 558 -154
CFO/OP 248% 116% 96% 47% 109% 92% 118% 111% 97% 69% 48% 56%

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 Mar 2026
Debtor Days 68 61 70 70 56 50 62 47 64 102 78 75
Inventory Days
Days Payable
Cash Conversion Cycle 68 61 70 70 56 50 62 47 64 102 78 75
Working Capital Days -161 -143 -290 -236 -264 -255 -115 74 -41 -42 77 146
ROCE % 7% 3% 2% 2% 5% 6% 9% 9% 8% 10% 14%

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

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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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75%
2.89% 3.23% 3.27% 4.66% 4.56% 5.61% 4.79% 4.68% 6.14% 6.49% 7.13% 8.98%
7.01% 6.97% 7.99% 7.87% 8.69% 3.64% 3.63% 3.16% 2.57% 2.58% 2.41% 2.49%
26.36% 26.05% 24.98% 23.74% 23.01% 27.00% 27.83% 28.41% 27.55% 27.19% 26.72% 24.79%
No. of Shareholders 1,83,3392,09,1992,19,4633,04,5273,24,1564,41,5354,52,4814,60,8084,63,9654,47,5554,19,7053,96,720

* 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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Documents

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