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Shipping Corporation of India Ltd

₹ 213-0.92%
16 Jan – close price
🔗shipindia.com•BSE: 523598•NSE: SCI
Market Cap₹ 9,893 Cr.
Current Price₹ 213
High / Low₹ 280
Stock P/E13.1
Book Value₹ 171
Dividend Yield3.10 %
ROCE10.1 %
ROE11.0 %
Face Value₹ 10.0
Sales₹ 5,282 Cr.
OPM30.7 %
Mar Cap₹ 9,893 Cr.

ABOUT

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

KEY POINTS

Largest Shipping CompanyCompany 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]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsAsset Base ExpansionJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.GE Shipping Co1121.608.9816020.612.65581.4128.011241.78-8.3213.864903.1650.651784.46581.411.0510.900.08
2.S C I212.6513.089892.803.10175.89-39.391338.50-7.7310.095281.8130.70756.09175.891.247.110.35
3.Shreeji Ship. Gl362.7043.605900.090.0042.7032.19162.1911.3033.65607.6132.83124.9342.718.2818.250.30
4.SEAMEC Ltd1059.2030.662695.410.00-25.73-25081.8297.4210.878.60657.3035.0187.90-27.482.515.340.38
5.Essar Shipping25.8210.21532.710.00-15.65-130.750.01-99.99–-138.39-33.6052.20-21.15–-0.91–
6.ABS Marine204.7010.01502.530.0031.33291.78136.0469.9414.20235.8437.2750.2230.991.928.811.34
7.Transworld Shipp165.73109.60363.880.91-9.16-160.3498.09-21.356.83420.6326.883.32-12.840.473.660.38
–Median: 9 Co.204.713.52532.710.04.17-8.3598.09-7.1611.77420.6332.8352.24.171.395.490.38

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
1,4201,4961,4181,2001,0931,3411,4121,5141,4511,3031,3251,3161,338
Expenses
1,0981,0279538378579231,0051,004917945960826930
Operating Profit
322469465363236417407510534358365490409
Other Income
382534276922984440347514695
Profit before tax
1232622541574914922429429773159355201
Tax %
10%6%-42%6%16%11%-30%2%2%11%-9%3%12%
Net Profit
1112463601474113229228729065172343176
EPS in Rs
2.385.287.723.160.872.836.276.166.231.393.707.373.78

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
4,2324,1864,0503,4473,4693,8734,4253,7034,9885,7945,0465,5925,282
Expenses
3,6433,3612,6882,6672,7933,1603,2832,5443,4554,2343,6223,8243,660
Operating Profit
5898261,3627806777131,1431,1591,5331,5601,4241,7681,621
Other Income
25440116514514323224312697111215193350
Interest
20818019517418036236722161185171187181
Depreciation
8567705425666106586716286357538899511,003
Profit before tax
-22127678918629-75348635834733578822788
Net Profit
-275201753142254-122302618790800612814756
EPS in Rs
-5.904.3116.173.055.45-2.626.4913.2716.9617.1813.1417.4816.24
Dividend Payout %
0%0%0%0%0%0%12%2%2%3%4%38%–

Compounded Sales Growth

10 Years:3%
5 Years:5%
3 Years:4%
TTM:-8%

Compounded Profit Growth

10 Years:22%
5 Years:30%
3 Years:1%
TTM:-24%

Stock Price CAGR

10 Years:14%
5 Years:26%
3 Years:25%
1 Year:6%

Return on Equity

10 Years:7%
5 Years:10%
3 Years:11%
Last Year:11%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
466466466466466466466466466466466466466
Reserves
5,8746,0686,2586,3676,6326,5156,8327,4365,1115,9066,4987,2787,497
Borrowings
8,2576,8335,8455,4925,5855,2774,7673,6793,2002,6052,9142,2282,811
Other Liabilities
1,9351,5622,1482,1621,6861,8961,6681,5561,6841,9361,6461,1601,563
Total Liabilities
16,53214,92914,71714,48714,36914,15513,73313,13710,46110,91211,52311,13212,337
Fixed Assets
11,93511,44411,82711,41111,34811,11910,65310,1747,6247,4037,0046,7117,440
Gross Block
17,482.5717,293.9715,851.3115,945.6115,986.1715,594.9215,218.2615,364.7213,031.7813,205.2213,107.6213,536.89–
Accumulated Depreciation
5,547.845,849.514,024.104,534.934,638.174,475.834,565.135,190.345,407.725,801.866,103.836,826.37–
CWIP
6349102788333583442423
Investments
113906675131777777787979286261
Other Assets
4,4202,9032,8242,9752,8822,9513,0002,8532,7003,3964,3984,1314,612
Total Assets
16,53214,92914,71714,48714,36914,15513,73313,13710,46110,91211,52311,13212,337

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
8382,1001,4906832286689451,3411,4411,466995850
Cash from Investing Activity
-966-253-11-86-471-72324-207-730-502-574-318
Cash from Financing Activity
-118-1,609-1,095-522-87-743-1,120-1,154-653-930103-1,235
Net Cash Flow
-24623738474-329-146149-215934524-703

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
9169617070565062476410278
Inventory Days
––––––––––––
Days Payable
––––––––––––
Cash Conversion Cycle
9169617070565062476410278
Working Capital Days
-146-136-143-290-236-264-255-115-66-41-4278
ROCE %
-0%2%7%3%1%1%5%6%10%10%7%10%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%
FIIs
3.30%3.23%2.89%3.23%3.27%4.66%4.56%5.61%4.79%4.68%6.14%6.49%7.13%
DIIs
7.47%7.01%7.01%6.97%7.99%7.87%8.69%3.64%3.63%3.16%2.57%2.58%2.41%
Public
25.50%26.01%26.36%26.05%24.98%23.74%23.01%27.00%27.83%28.41%27.55%27.19%26.72%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Shipping Corp of India: Independent Directors' Tenure Completes on April 10, 2026

10th April 2026, 11:30 pm

Shipping Corporation of India files SEBI compliance certificate for quarter ended March 31, 2026

8th April 2026, 10:00 pm

The Shipping Corporation of India Ltd. Announces Senior Management Changes

1st April 2026, 10:40 pm

Shipping Corporation of India: Government Nominee Director Retires

31st March 2026, 9:24 pm

The Shipping Corporation of India Ltd. Announces Trading Window Closure for Q4 FY26

23rd March 2026, 7:56 pm

Published by Other Websites

External media mentions & references

Shipbuilding Boom: Navy Orders Drive Major Gainers' Outlook

1st April 2026, 9:05 pm

Shipping Stocks Surge on West Asia Peace Hopes; GRSE Hits Record Sales

1st April 2026, 1:46 pm

HDFC Bank Chairman Exits; Nazara, Belrise, MDL Secure Major Deals

19th March 2026, 8:03 am

India Sends Warships to Guard Energy Routes Near Hormuz

18th March 2026, 9:05 pm

India's Privatization Drive Hits Roadblock: Investor Disinterest Stalls Key Sales

18th March 2026, 8:20 pm

News Articles

Editorial & research coverage

Corporate Action Surge: 50+ Firms Eye Shareholder Payouts Amid Market Wobble
Corporate Action Surge: 50+ Firms Eye Shareholder Payouts Amid Market Wobble

13th February 2026, 1:31 pm

Indian Stocks Diverge: SBI Soars, REC Dips Amidst Merger Woes
Indian Stocks Diverge: SBI Soars, REC Dips Amidst Merger Woes

9th February 2026, 2:05 pm

Global Tech Rout, AI Race Overshadow Indian Earnings
Global Tech Rout, AI Race Overshadow Indian Earnings

6th February 2026, 7:18 am

Container Scheme: Direct Impact Limited, Indirect Support for Logistics
Container Scheme: Direct Impact Limited, Indirect Support for Logistics

5th February 2026, 6:27 pm

India's INR 10,000 crore Mfg Push Targets China's Container Dominance
India's INR 10,000 crore Mfg Push Targets China's Container Dominance

1st February 2026, 3:14 pm

Documents

Announcements

Announcement under Regulation 30 (LODR)-Change in Management

9 Jan - Uttam Gharde appointed Dy. CVO, joined senior management effective 01.01.2026.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

8 Jan - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended 31.12.2025

Announcement under Regulation 30 (LODR)-Change in Directorate

1 Jan - Rear Admiral Jaswinder Singh given additional charge as Director (BC&T) from 01.01.2026 to 30.06.2026.

Announcement under Regulation 30 (LODR)-Change in Directorate

31 Dec - Rear Admiral Jaswinder Singh given additional charge as Director (BC&T) from 01.01.2025 to 30.06.2026, subject to ACC.

Announcement under Regulation 30 (LODR)-Change in Directorate

29 Dec - Capt. Som Raj appointed additional charge Director (Finance) 01.01.2026–31.03.2026.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2013

(from nse)

Financial Year 2012

(from nse)

Credit Ratings

Rating update

18 Oct 2024 from smera

Rating update

29 May 2024 from smera

Rating update

18 Jul 2023 from smera

Rating update

19 Jun 2023 from smera

Rating update

21 Mar 2022 from smera

Rating update

12 Feb 2021 from icra

Concalls

Nov 2025

TranscriptPPT

Stock Analysis

Description

Shipping Corporation of India (SCI) is the largest Indian shipping company, engaged in the business of transporting goods and passengers with a diversified fleet.

Key Growth Triggers

  1. Strategic MOU with Oil PSUs (BPCL, HPCL, IOCL) for joint fleet operations to bolster India's energy security.
  2. Fleet expansion and modernization, including recent deliveries of Very Large Gas Carriers (VLGCs).
  3. Ongoing strategic disinvestment process aimed at optimizing operations and unlocking value.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Past instances of fines from BSE and NSE for non-compliance with SEBI Listing Regulations, though the company stated these did not significantly impact operations.
  2. Significant contingent liabilities, as per company data (e.g., past service tax disputes).

Key Dates To Watch

  1. 75th Annual General Meeting (September 19, 2025).
  2. Dividend payment dates.

Corporate Announcements

10th Apr 26
Impact Rating: 7
The Shipping Corporation of India informed that the one-year term for three Non-Official (Independent) Directors - Shri. Satish Kumar Chawla, Dr. Priya Sheel Hada, and Shri Gulabbhai Rohit - ended on April 10, 2026.
8th Apr 26
Impact Rating: 2
The Shipping Corporation of India Ltd. submitted a confirmation certificate under SEBI regulations for the quarter ended March 31, 2026. The RTA confirmed no dematerialization processing occurred.
1st Apr 26
Impact Rating: 6
The Shipping Corporation of India Ltd. announced senior management changes effective April 1, 2026. Shri Sujoy Baug retires due to superannuation on March 31, 2026, and Shri Debanjan Nandi takes charge of the Kolkata Regional Office.
31st Mar 26
Impact Rating: 6
The Shipping Corporation of India informed that Shri Rajesh Kumar Sinha, IAS, Special Secretary and Government Nominee Director, retired from the company's board on March 31, 2026, upon superannuation.
23rd Mar 26
Impact Rating: 4
The Shipping Corporation of India Ltd. (SCI) announced a trading window closure starting April 1, 2026, to last 48 hours after the declaration of its Q4 and full FY26 financial results, adhering to SEBI regulations.