Shipping Corporation Of India Ltd.

•

shipindia.comBSE: 523598NSE: SCI

Market Cap₹ 13,382 Cr.

Current Price

High / Low₹ 369 / 196

Stock P/E8.1

Book Value₹ 197

Price to Book1.21

Dividend Yield2.61 %

ROCE15.2 %

ROE16.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Tanker: 66.8% • Bulk Segment: 13.4% • Liner Segment: 13.3%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Latest quarter profit grew 93.5% YoY, showing strong momentum
Operating margins have improved to 37.8% from 28.8%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.16x)
Company comfortably covers its interest (9.0x coverage)
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.4

CONS

A large part of profit comes from other income (32.1% of PBT)
Company has a low return on capital employed of 11.2%
Effective tax rate is unusually low at 5.0% - earnings may be flattered
Working capital days have increased from 125 to 166 days

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesLogisticsShipping

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	GESHIP	1393.70	5.31	19897.46	2.52	1308.84	159.43	2005.36	66.91	18.37	66.71
2.	SCI	287.30	8.27	13382.41	2.61	619.34	74.87	1846.56	40.31	14.64	45.35
3.	SHREEJISPG	712.65	72.67	11610.37	0.00	44.29	19.03	208.85	29.57	33.77	29.54
4.	SEAMECLTD	1772.50	17.55	4506.58	0.11	81.34	7.32	296.92	40.77	10.08	41.74
5.	DREDGECORP	1042.30	77.73	2918.44	0.00	11.23	148.16	355.43	46.72	4.28	17.41
6.	SCILAL	38.41	62.78	1789.13	1.43	140.20	-2.23	78.60	37.65	1.31	-13.74
7.	ESSARSHPNG	16.05	3.65	332.20	0.00	230.41	742.14	0.04	-97.63	0.00	-7475.00
8.	GLOBOFFS	44.47	0.00	136.84	0.00	-2.87	-51.27	11.79	177.29	4.19	35.10
9.	HRYNSHP	99.50	14.87	61.36	0.00	4.42	546.41	0.00	—	3.20	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	1,200	1,093	1,341	1,412	1,514	1,451	1,303	1,325	1,316	1,338	1,611	1,513	1,845
	837	857	923	1,005	1,004	917	945	960	826	930	931	898	1,279
Operating Profit	363	236	417	407	510	534	358	365	490	409	680	614	565
OPM %	30.26%	21.59%	31.12%	28.84%	33.67%	36.82%	27.46%	27.56%	37.22%	30.53%	42.19%	40.62%	30.65%
	27	69	22	98	44	40	34	75	146	95	55	145	108
Interest	35	56	40	40	40	43	64	39	30	47	48	47	37
Depreciation	197	200	251	241	220	234	255	243	250	256	271	287	282
Profit before Tax	157	49	149	224	294	297	73	159	355	201	415	425	673
Tax %	6.30%	16.43%	11.19%	-30.49%	2.32%	2.35%	11.25%	-8.62%	3.40%	12.36%	5.21%	2.62%	1.32%
Net Profit	147	41	132	292	287	290	65	172	343	176	393	414	664
	3.16	0.87	2.83	6.27	6.16	6.23	1.39	3.70	7.37	3.78	8.45	8.88	14.26

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,447	3,469	3,873	4,425	3,703	4,988	5,794	5,046	5,592	5,778	6,307
	2,678	2,798	3,160	3,283	2,544	3,456	4,236	3,622	3,824	3,592	4,039
Operating Profit	769	671	713	1,142	1,159	1,532	1,558	1,424	1,768	2,186	2,268
OPM %	22.31%	19.34%	18.41%	25.82%	31.30%	30.71%	26.90%	28.21%	31.61%	37.84%	35.96%
	156	149	232	243	211	98	113	216	193	448	402
Interest	174	180	362	367	108	161	185	172	187	174	180
Depreciation	566	610	658	671	628	635	753	889	951	1,064	1,096
Profit before Tax	186	29	-75	348	635	834	733	578	822	1,396	1,714
Tax %	23.41%	-760.75%	-62.98%	13.00%	2.63%	5.26%	-9.16%	-5.82%	1.02%	4.99%	3.88%
Net Profit	142	254	-122	302	618	790	800	612	814	1,326	1,647
EPS	3.05	5.45	-2.62	6.49	13.27	16.96	17.18	13.14	17.48	28.47	—
Dividend Payout %	0.00%	0.00%	0.00%	11.55%	1.88%	1.95%	2.56%	3.80%	37.71%	26.34%	—

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 9%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: 6%
5 Years:: 16%
3 Years:: 18%

STOCK PRICE CAGR

10 Years:: 15%
5 Years:: 21%
3 Years:: 22%
1 Year:: 37%

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 12%
3 Years:: 12%
Last Year:: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	6,367	6,632	6,515	6,832	7,436	5,111	5,906	6,498	7,278	8,023
	5,493	5,586	5,078	4,844	3,400	2,872	2,285	1,856	1,693	2,003
Trade Payables	1,152	984	1,273	956	833	1,236	1,393	1,335	807	1,208
	1,010	701	823	635	1,002	776	863	1,369	887	1,008
Total Liabilities	14,487	14,369	14,155	13,733	13,137	10,461	10,912	11,523	11,132	12,707
	11,411	11,348	11,119	10,653	10,174	7,624	7,403	7,004	6,711	7,198
Capital Work in Progress	27	8	8	3	33	58	34	42	4	5
	75	131	77	77	77	78	79	79	286	196
	115	117	160	131	88	175	150	174	193	274
	0	0	0	0	0	0	0	1,410	1,194	1,192
Cash & Bank	1,376	1,111	998	938	1,035	386	553	1,314	550	314
	1,484	1,654	1,793	1,931	1,730	2,140	2,693	1,499	2,194	3,528
Total Assets	14,487	14,369	14,155	13,733	13,137	10,461	10,912	11,523	11,132	12,707

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	746	318	735	1,052	1,370	1,502	1,516	995	850	1,341
Cash from Investing	-86	-471	-66	319	-208	-731	-520	-560	-318	-857
Cash from Financing	-522	-87	-743	-1,120	-1,154	-653	-930	103	-1,235	-518
	74	-330	-141	144	-21	58	16	538	-703	-34

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.75	63.75	63.75	63.75	63.75	63.75	63.75	63.75	63.75
	4.56	5.61	4.79	4.68	6.14	6.49	7.13	8.98	8.98
	8.69	3.64	3.63	3.16	2.57	2.58	2.41	2.49	2.08
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	23.00	26.99	27.83	28.41	27.54	27.18	26.71	24.79	25.21

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Change in Auditors

2026-09-09 - Shipping Corporation Of India Limited has informed the Exchange regarding Change in Auditors of the company.

2026-09-08

Change in Auditors

2026-09-08 - Shipping Corporation Of India Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-31

Updates

2026-08-31 - Shipping Corporation Of India Limited has informed the Exchange regarding 'Board Comments on Fine levied by the Exchange'.

2026-08-27

General Updates

2026-08-27 - Shipping Corporation Of India Limited has informed the Exchange about letter sent to shareholders providing the web link including the exact path for the 76th Annual Report for Financial Year 2025-26.

2026-08-27

Copy of Newspaper Publication

2026-08-27 - Shipping Corporation Of India Limited has informed the Exchange about Copy of Newspaper Publication under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation,2015

2026-08-26

Shareholders meeting

2026-08-26 - Shipping Corporation Of India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2026.

2026-08-26

General Updates

2026-08-26 - Shipping Corporation Of India Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

2026-08-25

Copy of Newspaper Publication

2026-08-25 - Shipping Corporation Of India Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-20

Appointment

2026-08-20 - Shipping Corporation Of India Limited has informed the Exchange regarding Appointment of Mrs Bharati Raman Gotarna as Non- Executive Independent Director of the company w.e.f. August 19, 2026.

News

Recent coverage and analyst commentary for SCI

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Shipping Corporation Of India Ltd.

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Name

GESHIP

1393.70

5.31

19897.46

2.52

1308.84

159.43

2005.36

66.91

18.37

66.71

SCI

287.30

8.27

13382.41

2.61

619.34

74.87

1846.56

40.31

14.64

45.35

SHREEJISPG

712.65

72.67

11610.37

0.00

44.29

19.03

208.85

29.57

33.77

29.54

SEAMECLTD

1772.50

17.55

4506.58

0.11

81.34

7.32

296.92

40.77

10.08

41.74

DREDGECORP

1042.30

77.73

2918.44

0.00

11.23

148.16

355.43

46.72

4.28

17.41

SCILAL

38.41

62.78

1789.13

1.43

140.20

-2.23

78.60

37.65

1.31

-13.74

ESSARSHPNG

16.05

3.65

332.20

0.00

230.41

742.14

0.04

-97.63

0.00

-7475.00

GLOBOFFS

44.47

0.00

136.84

0.00

-2.87

-51.27

11.79

177.29

4.19

35.10

HRYNSHP

99.50

14.87

61.36

0.00

4.42

546.41

0.00

—

3.20

—

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

1,200

1,093

1,341

1,412

1,514

1,451

1,303

1,325

1,316

1,338

1,611

1,513

1,845

837

857

923

1,005

1,004

917

945

960

826

930

931

898

1,279

Operating Profit

363

236

417

407

510

534

358

365

490

409

680

614

565

OPM %

30.26%

21.59%

31.12%

28.84%

33.67%

36.82%

27.46%

27.56%

37.22%

30.53%

42.19%

40.62%

30.65%

146

145

108

Interest

Depreciation

197

200

251

241

220

234

255

243

250

256

271

287

282

Profit before Tax

157

149

224

294

297

159

355

201

415

425

673

Tax %

6.30%

16.43%

11.19%

-30.49%

2.32%

2.35%

11.25%

-8.62%

3.40%

12.36%

5.21%

2.62%

1.32%

Net Profit

147

132

292

287

290

172

343

176

393

414

664

3.16

0.87

2.83

6.27

6.16

6.23

1.39

3.70

7.37

3.78

8.45

8.88

14.26

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,447

3,469

3,873

4,425

3,703

4,988

5,794

5,046

5,592

5,778

6,307

2,678

2,798

3,160

3,283

2,544

3,456

4,236

3,622

3,824

3,592

4,039

Operating Profit

769

671

713

1,142

1,159

1,532

1,558

1,424

1,768

2,186

2,268

OPM %

22.31%

19.34%

18.41%

25.82%

31.30%

30.71%

26.90%

28.21%

31.61%

37.84%

35.96%

156

149

232

243

211

113

216

193

448

402

Interest

174

180

362

367

108

161

185

172

187

174

180

Depreciation

566

610

658

671

628

635

753

889

951

1,064

1,096

Profit before Tax

186

-75

348

635

834

733

578

822

1,396

1,714

Tax %

23.41%

-760.75%

-62.98%

13.00%

2.63%

5.26%

-9.16%

-5.82%

1.02%

4.99%

3.88%

Net Profit

142

254

-122

302

618

790

800

612

814

1,326

1,647

EPS

3.05

5.45

-2.62

6.49

13.27

16.96

17.18

13.14

17.48

28.47

—

Dividend Payout %

0.00%

11.55%

1.88%

1.95%

2.56%

3.80%

37.71%

26.34%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

466

6,367

6,632

6,515

6,832

7,436

5,111

5,906

6,498

7,278

8,023

5,493

5,586

5,078

4,844

3,400

2,872

2,285

1,856

1,693

2,003

Trade Payables

1,152

984

1,273

956

833

1,236

1,393

1,335

807

1,208

1,010

701

823

635

1,002

776

863

1,369

887

1,008

Total Liabilities

14,487

14,369

14,155

13,733

13,137

10,461

10,912

11,523

11,132

12,707

11,411

11,348

11,119

10,653

10,174

7,624

7,403

7,004

6,711

7,198

Capital Work in Progress

131

286

196

115

117

160

131

175

150

174

193

274

1,410

1,194

1,192

Cash & Bank

1,376

1,111

998

938

1,035

386

553

1,314

550

314

1,484

1,654

1,793

1,931

1,730

2,140

2,693

1,499

2,194

3,528

Total Assets

14,487

14,369

14,155

13,733

13,137

10,461

10,912

11,523

11,132

12,707

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

746

318

735

1,052

1,370

1,502

1,516

995

850

1,341

Cash from Investing

-86

-471

-66

319

-208

-731

-520

-560

-318

-857

Cash from Financing

-522

-87

-743

-1,120

-1,154

-653

-930

103

-1,235

-518

-330

-141

144

-21

538

-703

-34

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

63.75

4.56

5.61

4.79

4.68

6.14

6.49

7.13

8.98

8.69

3.64

3.63

3.16

2.57

2.58

2.41

2.49

2.08

Government

0.00

23.00

26.99

27.83

28.41

27.54

27.18

26.71

24.79

25.21

Shipping Corporation Of India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Shipping Corporation Of India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI