Shipping Corporation of India Land & Assets Ltd

Shipping Corporation of India Land & Assets Ltd

₹ 69.2 1.47%
03 May - close price
About

Shipping Corp.of India Land & Assets is in the process of strategic disinvestment of its equity stake in Shipping Corporation of India Limited (SCI) together with transfer of management control. To facilitate disinvestment process of the Company in an effective, efficient and rapid manner and also to unlock the value of the business and the assets, it is found appropriate that the Non-core Assets of the Company, the value of which is not getting reflected in the value of business of SCI, should be separated from SCI and should be kept in an independent entity and a separate strategy should be formed for unlocking the value of such Non-core Assets.

  • Market Cap 3,218 Cr.
  • Current Price 69.2
  • High / Low 77.8 / 35.6
  • Stock P/E 67.8
  • Book Value 69.2
  • Dividend Yield 0.00 %
  • ROCE 1.72 %
  • ROE 1.48 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.00 times its book value

Cons

  • Tax rate seems low
  • Earnings include an other income of Rs.81.7 Cr.

* 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Sep 2023 Dec 2023 Mar 2024
3.88 2.78 5.06 4.73 3.96
9.33 9.06 13.06 7.32 15.65
Operating Profit -5.45 -6.28 -8.00 -2.59 -11.69
OPM % -140.46% -225.90% -158.10% -54.76% -295.20%
15.19 15.99 20.85 20.89 20.97
Interest 0.01 0.00 0.00 0.01 0.00
Depreciation 0.19 0.18 0.19 0.18 0.17
Profit before tax 9.54 9.53 12.66 18.11 9.11
Tax % -59.64% -9.65% 24.17% 16.40% 8.67%
15.23 10.45 9.60 15.14 8.32
EPS in Rs 0.21 0.33 0.18
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2022 May 2022 Mar 2023 Mar 2024
0 7 12 17
0 15 45 43
Operating Profit 0 -8 -32 -26
OPM % -127% -263% -151%
0 6 51 82
Interest 0 0 0 0
Depreciation 0 1 1 1
Profit before tax 0 -3 18 55
Tax % 804% -102% 14%
0 23 36 47
EPS in Rs 1.02
Dividend Payout % 0% 0% 65%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 39%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 33%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2022 May 2022 Mar 2023 Mar 2024
Equity Capital 0 466 466 466
Reserves 0 2,675 2,711 2,756
0 0 0 0
0 256 250 276
Total Liabilities 0 3,397 3,426 3,498
0 2,392 2,392 2,392
CWIP 0 0 1 8
Investments 0 0 0 0
0 1,004 1,034 1,098
Total Assets 0 3,397 3,426 3,498

Cash Flows

Figures in Rs. Crores

Mar 2022 May 2022 Mar 2023 Mar 2024
-23 -379
33 373
-0 -0
Net Cash Flow 10 -7

Ratios

Figures in Rs. Crores

Mar 2022 May 2022 Mar 2023 Mar 2024
Debtor Days 0 0 96
Inventory Days 0 0
Days Payable
Cash Conversion Cycle 0 0 96
Working Capital Days 21,986 20,933 17,248
ROCE % 1%

Shareholding Pattern

Numbers in percentages

Mar 2024
63.75%
2.45%
7.01%
26.80%
No. of Shareholders 1,79,177

* 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.

Documents