Shipping Corporation of India Ltd
SCI NSE
Shipping Corporation of India Ltd
ServicesNSE: SCI BSE: 523598 Transport Services
Key Fundamentals
MicrocapShippingTransport ServicesMarket Cap
₹13,636 Cr
Volatility
Moderate
P/E Ratio
8.51
EBITDA
₹2,185 Cr
Return on Equity
10.15%
Debt to Equity
0.29
Book Value
₹195.28
EPS
₹17.15
52W High
₹368.75
52W Low
₹195.55
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shipping Corporation of India Ltd insights
37 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 18.4%
Weaknesses
5- 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.
- Contingent liabilities of Rs.4,305 Cr.
- Working capital days have increased from 60.3 days to 146 days
Growth Rate
Revenue Growth
-0.36% ↘
Net Income Growth
60.39% ↗
Cash Flow Change
-14.54% ↘
ROE
12.65% ↘
ROCE
15.97% ↘
EBITDA Margin (Avg.)
3.46% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk high
Shipping Corporation of India trades at a PE of 8.6x with a market cap of Rs.14,021 Cr, having delivered 79% TTM profit growth and 43% stock CAGR over the past year. However, the company faces challenges including poor 5-year sales growth of 9%, rising working capital days from 60 to 146 days, and contingent liabilities of Rs.4,305 Cr.
Bull Case 8
- TTM profit growth of 79% indicates a strong earnings recovery cycle benefiting from elevated freight rates
- PE of 8.6x is significantly below broader market averages, suggesting the stock is not priced for perfection
- Last year ROE of 16% is notably above the 10-year average of 8%, showing improving capital efficiency
- Dividend yield of 2.18% with a consistent 18.4% payout ratio provides tangible shareholder returns
- Stock CAGR of 42% over 3 years and 30% over 5 years reflects sustained re-rating by the market
- TTM sales growth of 17% marks a significant acceleration versus the 0% 3-year compounded sales growth
- Price-to-book of 1.53x is modest for a company with improving profitability and hard asset backing in vessels
- Compounded profit growth of 14% over 5 years demonstrates medium-term earnings traction despite cyclical headwinds
Bear Case 8
- Working capital days have surged from 60.3 to 146 days, indicating significant deterioration in cash conversion efficiency
- Contingent liabilities of Rs.4,305 Cr represent roughly 31% of current market cap, posing material balance sheet risk
- 5-year compounded sales growth of only 9% reflects structural top-line challenges in a cyclical industry
- 3-year compounded sales growth of 0% shows revenue stagnation prior to the recent TTM uptick
- 3-year average ROE of 11.8% remains below cost-of-equity benchmarks for capital-intensive shipping businesses
- Low reported tax rate raises questions about earnings quality and sustainability of reported net profits
- 10-year compounded profit growth of only 6% highlights the deeply cyclical nature with extended periods of weak earnings
- 10-year stock CAGR of 19% versus 1-year CAGR of 43% suggests much of the value creation is recent and potentially cycle-dependent
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2d ago Positives 2
- Q1 profit jumps 75% YoY Aug 7
Net profit surged to ₹6.2B from ₹3.54B YoY, with revenue growing 42% to ₹18.5B from ₹13B, reflecting broad-based operational improvement.
- EBITDA margin expands to 48% Aug 7
EBITDA improved to ₹8.82B from ₹4.9B YoY, with margin expanding significantly to 47.79% from 37.16%, indicating strong cost discipline and pricing power.
Neutral 1
- Legal head exits to NFRA Jul 23
Chief Manager (Law) Mr. Panduranga Vittal Pamidimokkala ceased his role effective July 22, 2026, to join NFRA as Executive Director.
TL;DR: SCI delivered a standout Q1 with 75% profit growth and nearly 11 percentage points of margin expansion, signaling strong freight rate realization and operational leverage. No material headwinds surfaced in recent news. The departure of the legal head to NFRA is routine and unlikely to impact operations. The trend is clearly improving, and sustained freight market strength could support continued outperformance.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,200 | 1,093 | 1,341 | 1,413 | 1,514 | 1,451 | 1,316 | 1,325 | 1,316 | 1,339 | 1,612 | 1,513 | 1,847 |
| Expenses | 837 | 858 | 924 | 1,005 | 1,005 | 918 | 958 | 961 | 827 | 932 | 934 | 910 | 1,009 |
| Operating Profit | 363 | 236 | 417 | 407 | 510 | 533 | 357 | 365 | 489 | 406 | 678 | 603 | 837 |
| OPM % | 30% | 22% | 31% | 29% | 34% | 37% | 27% | 28% | 37% | 30% | 42% | 40% | 45% |
| Other Income | 51 | 94 | 25 | 113 | 49 | 43 | 45 | 88 | 157 | 111 | 69 | 147 | 110 |
| Interest | 35 | 56 | 40 | 40 | 40 | 43 | 64 | 39 | 31 | 47 | 48 | 47 | 37 |
| Depreciation | 197 | 200 | 251 | 241 | 220 | 234 | 255 | 243 | 250 | 256 | 271 | 287 | 282 |
| PBT | 182 | 74 | 151 | 239 | 298 | 298 | 84 | 171 | 366 | 214 | 427 | 416 | 628 |
| Tax % | 5% | 11% | 11% | -29% | 2% | 2% | 10% | -8% | 3% | 12% | 5% | 3% | 1% |
| Net Profit | 172 | 66 | 134 | 307 | 291 | 291 | 76 | 185 | 354 | 189 | 405 | 405 | 619 |
| EPS in Rs | 3.68 | 1.41 | 2.88 | 6.6 | 6.26 | 6.26 | 1.62 | 3.97 | 7.6 | 4.06 | 8.69 | 8.69 | 13.3 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,311 | 4,050 | 3,447 | 3,469 | 3,873 | 4,425 | 3,703 | 4,995 | 5,794 | 5,047 | 5,606 | 5,780 | 6,310 |
| Expenses | 3,396 | 2,688 | 2,667 | 2,793 | 3,160 | 3,283 | 2,544 | 3,465 | 4,237 | 3,624 | 3,841 | 3,594 | 3,785 |
| Operating Profit | 916 | 1,362 | 780 | 677 | 713 | 1,143 | 1,159 | 1,530 | 1,557 | 1,423 | 1,765 | 2,185 | 2,525 |
| OPM % | 21% | 34% | 23% | 20% | 18% | 26% | 31% | 31% | 27% | 28% | 31% | 38% | 40% |
| Other Income | 395 | 193 | 185 | 196 | 292 | 277 | 204 | 175 | 184 | 283 | 225 | 475 | 436 |
| Interest | 239 | 195 | 174 | 180 | 362 | 367 | 22 | 161 | 185 | 171 | 187 | 173 | 180 |
| Depreciation | 801 | 542 | 566 | 610 | 658 | 671 | 628 | 635 | 753 | 889 | 951 | 1,064 | 1,096 |
| PBT | 270 | 818 | 226 | 82 | -16 | 382 | 713 | 909 | 803 | 645 | 852 | 1,423 | 1,685 |
| Tax % | 28% | 4% | 19% | -273% | 304% | 12% | 2% | 5% | -8% | -5% | 1% | 5% | — |
| Net Profit | 195 | 782 | 182 | 306 | -63 | 336 | 696 | 865 | 870 | 679 | 844 | 1,353 | 1,618 |
| 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 | 34.74 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 10% | 2% | 2% | 2% | 3% | 36% | 15% | — |
Balance Sheet
| 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 |
| Borrowings | 7,739 | 5,845 | 5,492 | 5,585 | 5,277 | 4,767 | 3,679 | 3,200 | 2,605 | 2,914 | 2,228 | 2,679 |
| Other Liabilities | 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 |
| Fixed Assets | 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 |
| Other Assets | 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 Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 2,197 | 1,490 | 683 | 228 | 712 | 945 | 1,340 | 1,644 | 1,465 | 994 | 850 | 1,343 |
| Investing | -308 | -11 | -86 | -471 | 7 | 324 | -206 | -1,079 | -501 | -573 | -316 | -858 |
| Financing | -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
| 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 |
| 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% |
Documents
1
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
27 May - BSE and NSE levied Rs. 5.31 lakh each fine on 27 May 2026 for board composition non-compliance. 27 May - BSE and NSE levied Rs. 5.31 lakh each fine on 27 May 2026 for board composition non-compliance.
2
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015- Audio Recording Of Conference Call Held For Discussion Of Results Of Q4 FY 2025-26
4h - Audio recording of Q4 FY2025-26 results conference call uploaded on May 11, 2026. 4h - Audio recording of Q4 FY2025-26 results conference call uploaded on May 11, 2026.
3
Board Meeting Outcome for Outcome Of Board Meeting And Compliance Of Regulation 30 And 33 Of SEBI (LODR) Regulations, 2015
2d - Board approved FY26 audited standalone and consolidated results; recommended final dividend of Re.1 per share on 08.05.2026. 2d - Board approved FY26 audited standalone and consolidated results; recommended final dividend of Re.1 per share on 08.05.2026.
4
Results - Financial Results For Quarter And Financial Year Ended 31.03.2026
2d - Board approved audited FY2026 standalone and consolidated results; recommended Rs.1 final dividend per share. 2d - Board approved audited FY2026 standalone and consolidated results; recommended Rs.1 final dividend per share.
5
Board Meeting Outcome for Outcome Of Board Meeting And Compliance Of Regulation 30 And 33 Of SEBI (LODR) Regulations, 2015
8 May - Board approved audited standalone/consolidated FY26 results and recommended Rs1 dividend per share. 8 May - Board approved audited standalone/consolidated FY26 results and recommended Rs1 dividend per share.
Frequently Asked Questions about Shipping Corporation of India Ltd
What does Shipping Corporation of India Ltd do?
Shipping Corporation of India is engaged involved in business of transporting goods and passengers.
Where is Shipping Corporation of India Ltd (SCI) listed?
Shipping Corporation of India Ltd is listed on the Indian stock exchanges. It is listed on NSE: SCI and BSE: 523598. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Shipping Corporation of India Ltd belong to?
Shipping Corporation of India Ltd operates in the Services sector within the Transport Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Shipping Corporation of India Ltd?
Shipping Corporation of India Ltd has a market capitalisation of approximately ₹13636.27 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Shipping Corporation of India Ltd?
The Price-to-Earnings (PE) ratio of Shipping Corporation of India Ltd is 8.51. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Shipping Corporation of India Ltd?
Over the past 52 weeks, Shipping Corporation of India Ltd has traded between a low of ₹195.55 and a high of ₹368.75. This range helps investors understand the stock's price volatility and recent trading levels.
Does Shipping Corporation of India Ltd pay dividends?
Yes, Shipping Corporation of India Ltd has a dividend yield of 2.62%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Shipping Corporation of India Ltd?
Shipping Corporation of India Ltd has a Return on Equity (ROE) of 10.15%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Shipping Corporation of India Ltd on Tapetide?
On Tapetide, you can view Shipping Corporation of India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Shipping Corporation of India is engaged involved in business of transporting goods and passengers.
Website shipindia.com
CEO Captain Binesh Kumar Tyagi
Employees 1,393
Listed 1997-08-13
Face Value ₹ 10
Issued Size 46,57,99,010