Shipping Corporation Of India Ltd.
•₹ 290.55-0.21%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Tanker: 63.4% • Liner Segment: 18.2% • Bulk Segment: 12.5% • Technical and Offshore: 4.9% • Unallocated: 1.0%
PROS
- Company has delivered good profit growth of 21.9% CAGR over last 5 years
- Latest quarter profit grew 93.5% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.49x)
- Company has been maintaining a healthy dividend payout of 37.7%
- Company generates healthy free cash flow
- Institutional investors have been accumulating - FII+DII up 2.4pp
CONS
- Company has a low return on capital employed of 9.6%
- Working capital days have increased from 53 to 125 days
- Effective tax rate is unusually low at 1.0% - earnings may be flattered
- Contingent liabilities are large at 55.6% of net worth
- Company has delivered a poor sales growth of 4.8% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | GESHIP | 1298.80 | 4.95 | 18542.60 | 2.70 | 1308.84 | 159.43 | 2005.36 | 66.91 | 18.37 | 66.71 |
| 2. | SCI | 291.10 | 8.38 | 13559.41 | 2.58 | 619.34 | 74.87 | 1846.56 | 40.31 | 10.05 | 45.35 |
| 3. | SHREEJISPG | 613.10 | 62.52 | 9988.52 | 0.00 | 44.29 | 19.03 | 208.85 | 29.57 | 33.77 | 29.54 |
| 4. | SEAMECLTD | 1699.45 | 16.82 | 4320.85 | 0.12 | 81.34 | 7.32 | 296.92 | 40.77 | 10.08 | 41.74 |
| 5. | DREDGECORP | 1120.90 | 83.59 | 3138.52 | 0.00 | 11.23 | 148.16 | 355.43 | 46.72 | 0.61 | 17.41 |
| 6. | SCILAL | 40.08 | 0.00 | 1866.92 | 1.37 | 14.02 | -2.23 | 7.86 | 37.65 | 1.31 | -13.74 |
| 7. | ESSARSHPNG | 15.82 | 3.60 | 327.44 | 0.00 | 230.41 | 742.14 | 0.04 | -97.63 | 0.00 | -7475.00 |
| 8. | GLOBOFFS | 50.25 | 0.00 | 154.62 | 0.00 | -2.87 | -51.27 | 11.79 | 177.29 | 4.19 | 35.10 |
| 9. | HRYNSHP | 100.10 | 14.96 | 61.73 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 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 |
| 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 | 1 | 3 | 6 | 6 | 6 | 1 | 4 | 7 | 4 | 8 | 9 | 1 | |
| Equity Capital | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 1,200
- 837
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 35
- Depreciation
- 197
- 157
- Tax %
- 6.30%
- Net Profit
- 147
- 3
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,093
- 857
- Operating Profit
- —
- OPM %
- —
- Other Income
- 69
- Interest
- 56
- Depreciation
- 200
- 49
- Tax %
- 16.43%
- Net Profit
- 41
- 1
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,341
- 923
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 40
- Depreciation
- 251
- 149
- Tax %
- 11.19%
- Net Profit
- 132
- 3
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,412
- 1,005
- Operating Profit
- —
- OPM %
- —
- Other Income
- 98
- Interest
- 40
- Depreciation
- 241
- 224
- Tax %
- -30.49%
- Net Profit
- 292
- 6
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,514
- 1,004
- Operating Profit
- —
- OPM %
- —
- Other Income
- 44
- Interest
- 40
- Depreciation
- 220
- 294
- Tax %
- 2.32%
- Net Profit
- 287
- 6
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,451
- 917
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 43
- Depreciation
- 234
- 297
- Tax %
- 2.35%
- Net Profit
- 290
- 6
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,303
- 945
- Operating Profit
- —
- OPM %
- —
- Other Income
- 34
- Interest
- 64
- Depreciation
- 255
- 73
- Tax %
- 11.25%
- Net Profit
- 65
- 1
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,325
- 960
- Operating Profit
- —
- OPM %
- —
- Other Income
- 75
- Interest
- 39
- Depreciation
- 243
- 159
- Tax %
- -8.62%
- Net Profit
- 172
- 4
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,316
- 826
- Operating Profit
- —
- OPM %
- —
- Other Income
- 146
- Interest
- 30
- Depreciation
- 250
- 355
- Tax %
- 3.40%
- Net Profit
- 343
- 7
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,338
- 930
- Operating Profit
- —
- OPM %
- —
- Other Income
- 95
- Interest
- 47
- Depreciation
- 256
- 201
- Tax %
- 12.36%
- Net Profit
- 176
- 4
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,611
- 931
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 48
- Depreciation
- 271
- 415
- Tax %
- 5.21%
- Net Profit
- 393
- 8
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,513
- 898
- Operating Profit
- —
- OPM %
- —
- Other Income
- 145
- Interest
- 47
- Depreciation
- 287
- 425
- Tax %
- 2.62%
- Net Profit
- 414
- 9
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,845
- 1,279
- Operating Profit
- —
- OPM %
- —
- Other Income
- 108
- Interest
- 37
- Depreciation
- 282
- 673
- Tax %
- 1.32%
- Net Profit
- 664
- 1
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 466
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,050 | 3,447 | 3,469 | 3,873 | 4,425 | 3,703 | 4,988 | 5,794 | 5,046 | 5,592 | 6,307 | |
| 2,706 | 2,678 | 2,798 | 3,160 | 3,283 | 2,544 | 3,456 | 4,236 | 3,622 | 3,824 | 4,039 | |
| Operating Profit | 1,526 | 925 | 820 | 945 | 1,386 | 1,370 | 1,630 | 1,671 | 1,640 | 1,961 | — |
| OPM % | 38 | 27 | 24 | 24 | 31 | 37 | 33 | 29 | 32 | 35 | — |
| Other Income | 183 | 156 | 149 | 232 | 243 | 211 | 98 | 113 | 216 | 193 | 402 |
| Interest | 195 | 174 | 180 | 362 | 367 | 108 | 161 | 185 | 172 | 187 | 180 |
| Depreciation | 542 | 566 | 610 | 658 | 671 | 628 | 635 | 753 | 889 | 951 | 1,096 |
| 789 | 186 | 29 | -75 | 348 | 635 | 834 | 733 | 578 | 822 | 1,714 | |
| Tax % | 5 | 23 | -761 | -63 | 13 | 3 | 5 | -9 | -6 | 1 | 4 |
| Net Profit | 753 | 142 | 254 | -122 | 302 | 618 | 790 | 800 | 612 | 814 | 1,647 |
| EPS | 16 | 3 | 5 | -3 | 6 | 13 | 17 | 17 | 13 | 17 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 12 | 2 | 2 | 3 | 4 | 38 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 16 | 3 | 5 | -3 | 6 | 13 | 17 | 17 | 13 | 17 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 16 | 3 | 5 | -3 | 6 | 13 | 17 | 17 | 13 | 17 | — |
Mar 2016
- 4,050
- 2,706
- Operating Profit
- 1,526
- OPM %
- 38
- Other Income
- 183
- Interest
- 195
- Depreciation
- 542
- 789
- Tax %
- 5
- Net Profit
- 753
- EPS
- 16
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
Mar 2017
- 3,447
- 2,678
- Operating Profit
- 925
- OPM %
- 27
- Other Income
- 156
- Interest
- 174
- Depreciation
- 566
- 186
- Tax %
- 23
- Net Profit
- 142
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2018
- 3,469
- 2,798
- Operating Profit
- 820
- OPM %
- 24
- Other Income
- 149
- Interest
- 180
- Depreciation
- 610
- 29
- Tax %
- -761
- Net Profit
- 254
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2019
- 3,873
- 3,160
- Operating Profit
- 945
- OPM %
- 24
- Other Income
- 232
- Interest
- 362
- Depreciation
- 658
- -75
- Tax %
- -63
- Net Profit
- -122
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2020
- 4,425
- 3,283
- Operating Profit
- 1,386
- OPM %
- 31
- Other Income
- 243
- Interest
- 367
- Depreciation
- 671
- 348
- Tax %
- 13
- Net Profit
- 302
- EPS
- 6
- Dividend Payout %
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2021
- 3,703
- 2,544
- Operating Profit
- 1,370
- OPM %
- 37
- Other Income
- 211
- Interest
- 108
- Depreciation
- 628
- 635
- Tax %
- 3
- Net Profit
- 618
- EPS
- 13
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2022
- 4,988
- 3,456
- Operating Profit
- 1,630
- OPM %
- 33
- Other Income
- 98
- Interest
- 161
- Depreciation
- 635
- 834
- Tax %
- 5
- Net Profit
- 790
- EPS
- 17
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2023
- 5,794
- 4,236
- Operating Profit
- 1,671
- OPM %
- 29
- Other Income
- 113
- Interest
- 185
- Depreciation
- 753
- 733
- Tax %
- -9
- Net Profit
- 800
- EPS
- 17
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2024
- 5,046
- 3,622
- Operating Profit
- 1,640
- OPM %
- 32
- Other Income
- 216
- Interest
- 172
- Depreciation
- 889
- 578
- Tax %
- -6
- Net Profit
- 612
- EPS
- 13
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2025
- 5,592
- 3,824
- Operating Profit
- 1,961
- OPM %
- 35
- Other Income
- 193
- Interest
- 187
- Depreciation
- 951
- 822
- Tax %
- 1
- Net Profit
- 814
- EPS
- 17
- Dividend Payout %
- 38
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
TTM
- 6,307
- 4,039
- Operating Profit
- —
- OPM %
- —
- Other Income
- 402
- Interest
- 180
- Depreciation
- 1,096
- 1,714
- Tax %
- 4
- Net Profit
- 1,647
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 3%
- 5 Years:
- 5%
- 3 Years:
- 4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 15%
- 5 Years:
- 22%
- 3 Years:
- 1%
STOCK PRICE CAGR
- 10 Years:
- 16%
- 5 Years:
- 25%
- 3 Years:
- 35%
- 1 Year:
- 34%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 11%
- 3 Years:
- 11%
- Last Year:
- 11%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 | 466 |
| 6,258 | 6,367 | 6,632 | 6,515 | 6,832 | 7,436 | 5,111 | 5,906 | 6,498 | 7,278 | |
| 1,289 | 2,415 | 2,279 | 2,543 | 3,064 | 671 | 701 | 566 | 269 | 0 | |
| Trade Payables | 1,099 | 1,152 | 984 | 1,273 | 956 | 833 | 1,236 | 1,393 | 1,335 | 807 |
| 5,605 | 4,088 | 4,009 | 3,357 | 2,416 | 3,731 | 2,947 | 2,581 | 2,956 | 2,581 | |
| Total Liabilities | 14,717 | 14,487 | 14,369 | 14,155 | 13,733 | 13,137 | 10,461 | 10,912 | 11,523 | 11,132 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 11,827 | 11,411 | 11,348 | 11,119 | 10,653 | 10,174 | 7,624 | 7,403 | 7,004 | 6,711 | |
| Capital Work in Progress | 0 | 27 | 8 | 8 | 3 | 33 | 58 | 34 | 42 | 4 |
| 66 | 75 | 131 | 77 | 77 | 77 | 78 | 79 | 79 | 286 | |
| 86 | 115 | 117 | 160 | 131 | 88 | 175 | 150 | 174 | 193 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,410 | 1,194 | |
| Cash & Bank | 1,285 | 1,376 | 1,111 | 998 | 938 | 1,035 | 386 | 553 | 1,314 | 550 |
| 1,453 | 1,484 | 1,654 | 1,793 | 1,931 | 1,730 | 2,140 | 2,693 | 1,499 | 2,194 | |
| Total Assets | 14,717 | 14,487 | 14,369 | 14,155 | 13,733 | 13,137 | 10,461 | 10,912 | 11,523 | 11,132 |
| Total Debt | 5,845 | 5,492 | 5,585 | 5,277 | 4,741 | 3,654 | 3,177 | 2,583 | 2,893 | 1,934 |
| Net Working Capital | -261 | -1,374 | -887 | -1,798 | -2,152 | -128 | -510 | -102 | 732 | 1,915 |
| Contingent Liabilities | 2,010 | 2,494 | 2,652 | 3,714 | 2,557 | 2,842 | 3,132 | 3,491 | 3,992 | 4,305 |
| Book Value per Share | 144.34 | 146.69 | 152.37 | 149.88 | 156.68 | 169.64 | 119.73 | 136.78 | 149.50 | 166.25 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 5,845 | 5,492 | 5,585 | 5,277 | 4,741 | 3,654 | 3,177 | 2,583 | 2,893 | 1,934 |
| Net Working Capital | -261 | -1,374 | -887 | -1,798 | -2,152 | -128 | -510 | -102 | 732 | 1,915 |
| Contingent Liabilities | 2,010 | 2,494 | 2,652 | 3,714 | 2,557 | 2,842 | 3,132 | 3,491 | 3,992 | 4,305 |
| Book Value per Share | 144.34 | 146.69 | 152.37 | 149.88 | 156.68 | 169.64 | 119.73 | 136.78 | 149.50 | 166.25 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 466
- 6,258
- 1,289
- Trade Payables
- 1,099
- 5,605
- Total Liabilities
- 14,717
- 11,827
- Capital Work in Progress
- 0
- 66
- 86
- 0
- Cash & Bank
- 1,285
- 1,453
- Total Assets
- 14,717
- Total Debt
- 5,845
- Net Working Capital
- -261
- Contingent Liabilities
- 2,010
- Book Value per Share
- 144.34
- Face Value
- 10.00
- Total Debt
- 5,845
- Net Working Capital
- -261
- Contingent Liabilities
- 2,010
- Book Value per Share
- 144.34
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 466
- 6,367
- 2,415
- Trade Payables
- 1,152
- 4,088
- Total Liabilities
- 14,487
- 11,411
- Capital Work in Progress
- 27
- 75
- 115
- 0
- Cash & Bank
- 1,376
- 1,484
- Total Assets
- 14,487
- Total Debt
- 5,492
- Net Working Capital
- -1,374
- Contingent Liabilities
- 2,494
- Book Value per Share
- 146.69
- Face Value
- 10.00
- Total Debt
- 5,492
- Net Working Capital
- -1,374
- Contingent Liabilities
- 2,494
- Book Value per Share
- 146.69
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 466
- 6,632
- 2,279
- Trade Payables
- 984
- 4,009
- Total Liabilities
- 14,369
- 11,348
- Capital Work in Progress
- 8
- 131
- 117
- 0
- Cash & Bank
- 1,111
- 1,654
- Total Assets
- 14,369
- Total Debt
- 5,585
- Net Working Capital
- -887
- Contingent Liabilities
- 2,652
- Book Value per Share
- 152.37
- Face Value
- 10.00
- Total Debt
- 5,585
- Net Working Capital
- -887
- Contingent Liabilities
- 2,652
- Book Value per Share
- 152.37
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 466
- 6,515
- 2,543
- Trade Payables
- 1,273
- 3,357
- Total Liabilities
- 14,155
- 11,119
- Capital Work in Progress
- 8
- 77
- 160
- 0
- Cash & Bank
- 998
- 1,793
- Total Assets
- 14,155
- Total Debt
- 5,277
- Net Working Capital
- -1,798
- Contingent Liabilities
- 3,714
- Book Value per Share
- 149.88
- Face Value
- 10.00
- Total Debt
- 5,277
- Net Working Capital
- -1,798
- Contingent Liabilities
- 3,714
- Book Value per Share
- 149.88
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 466
- 6,832
- 3,064
- Trade Payables
- 956
- 2,416
- Total Liabilities
- 13,733
- 10,653
- Capital Work in Progress
- 3
- 77
- 131
- 0
- Cash & Bank
- 938
- 1,931
- Total Assets
- 13,733
- Total Debt
- 4,741
- Net Working Capital
- -2,152
- Contingent Liabilities
- 2,557
- Book Value per Share
- 156.68
- Face Value
- 10.00
- Total Debt
- 4,741
- Net Working Capital
- -2,152
- Contingent Liabilities
- 2,557
- Book Value per Share
- 156.68
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 466
- 7,436
- 671
- Trade Payables
- 833
- 3,731
- Total Liabilities
- 13,137
- 10,174
- Capital Work in Progress
- 33
- 77
- 88
- 0
- Cash & Bank
- 1,035
- 1,730
- Total Assets
- 13,137
- Total Debt
- 3,654
- Net Working Capital
- -128
- Contingent Liabilities
- 2,842
- Book Value per Share
- 169.64
- Face Value
- 10.00
- Total Debt
- 3,654
- Net Working Capital
- -128
- Contingent Liabilities
- 2,842
- Book Value per Share
- 169.64
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 466
- 5,111
- 701
- Trade Payables
- 1,236
- 2,947
- Total Liabilities
- 10,461
- 7,624
- Capital Work in Progress
- 58
- 78
- 175
- 0
- Cash & Bank
- 386
- 2,140
- Total Assets
- 10,461
- Total Debt
- 3,177
- Net Working Capital
- -510
- Contingent Liabilities
- 3,132
- Book Value per Share
- 119.73
- Face Value
- 10.00
- Total Debt
- 3,177
- Net Working Capital
- -510
- Contingent Liabilities
- 3,132
- Book Value per Share
- 119.73
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 466
- 5,906
- 566
- Trade Payables
- 1,393
- 2,581
- Total Liabilities
- 10,912
- 7,403
- Capital Work in Progress
- 34
- 79
- 150
- 0
- Cash & Bank
- 553
- 2,693
- Total Assets
- 10,912
- Total Debt
- 2,583
- Net Working Capital
- -102
- Contingent Liabilities
- 3,491
- Book Value per Share
- 136.78
- Face Value
- 10.00
- Total Debt
- 2,583
- Net Working Capital
- -102
- Contingent Liabilities
- 3,491
- Book Value per Share
- 136.78
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 466
- 6,498
- 269
- Trade Payables
- 1,335
- 2,956
- Total Liabilities
- 11,523
- 7,004
- Capital Work in Progress
- 42
- 79
- 174
- 1,410
- Cash & Bank
- 1,314
- 1,499
- Total Assets
- 11,523
- Total Debt
- 2,893
- Net Working Capital
- 732
- Contingent Liabilities
- 3,992
- Book Value per Share
- 149.50
- Face Value
- 10.00
- Total Debt
- 2,893
- Net Working Capital
- 732
- Contingent Liabilities
- 3,992
- Book Value per Share
- 149.50
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 466
- 7,278
- 0
- Trade Payables
- 807
- 2,581
- Total Liabilities
- 11,132
- 6,711
- Capital Work in Progress
- 4
- 286
- 193
- 1,194
- Cash & Bank
- 550
- 2,194
- Total Assets
- 11,132
- Total Debt
- 1,934
- Net Working Capital
- 1,915
- Contingent Liabilities
- 4,305
- Book Value per Share
- 166.25
- Face Value
- 10.00
- Total Debt
- 1,934
- Net Working Capital
- 1,915
- Contingent Liabilities
- 4,305
- Book Value per Share
- 166.25
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,490 | 683 | 228 | 668 | 945 | 1,341 | 1,441 | 1,466 | 995 | 850 | |
| Cash from Investing | -11 | -86 | -471 | -66 | 319 | -208 | -731 | -520 | -560 | -318 |
| Cash from Financing | -1,095 | -522 | -87 | -743 | -1,120 | -1,154 | -653 | -930 | 103 | -1,235 |
| 384 | 74 | -330 | -141 | 144 | -21 | 58 | 16 | 538 | -703 | |
| Free Cash Flow | 1,490 | 561 | 207 | 668 | 945 | 1,164 | 1,441 | 1,318 | 995 | 458 |
| OCF / Net Profit | 1.98 | 4.80 | 0.90 | -5.48 | 3.12 | 2.17 | 1.82 | 1.83 | 1.63 | 1.04 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 3,871 | 3,545 | 4,426 | 5,536 | 5,863 | 5,377 |
| OCF / Net Profit | 1.98 | 4.80 | 0.90 | -5.48 | 3.12 | 2.17 | 1.82 | 1.83 | 1.63 | 1.04 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 3,871 | 3,545 | 4,426 | 5,536 | 5,863 | 5,377 |
Mar 2016
- 1,490
- Cash from Investing
- -11
- Cash from Financing
- -1,095
- 384
- Free Cash Flow
- 1,490
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- 0
Mar 2017
- 683
- Cash from Investing
- -86
- Cash from Financing
- -522
- 74
- Free Cash Flow
- 561
- OCF / Net Profit
- 4.80
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.80
- Cumulative 5-Year FCF
- 0
Mar 2018
- 228
- Cash from Investing
- -471
- Cash from Financing
- -87
- -330
- Free Cash Flow
- 207
- OCF / Net Profit
- 0.90
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.90
- Cumulative 5-Year FCF
- 0
Mar 2019
- 668
- Cash from Investing
- -66
- Cash from Financing
- -743
- -141
- Free Cash Flow
- 668
- OCF / Net Profit
- -5.48
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -5.48
- Cumulative 5-Year FCF
- 0
Mar 2020
- 945
- Cash from Investing
- 319
- Cash from Financing
- -1,120
- 144
- Free Cash Flow
- 945
- OCF / Net Profit
- 3.12
- Cumulative 5-Year FCF
- 3,871
- OCF / Net Profit
- 3.12
- Cumulative 5-Year FCF
- 3,871
Mar 2021
- 1,341
- Cash from Investing
- -208
- Cash from Financing
- -1,154
- -21
- Free Cash Flow
- 1,164
- OCF / Net Profit
- 2.17
- Cumulative 5-Year FCF
- 3,545
- OCF / Net Profit
- 2.17
- Cumulative 5-Year FCF
- 3,545
Mar 2022
- 1,441
- Cash from Investing
- -731
- Cash from Financing
- -653
- 58
- Free Cash Flow
- 1,441
- OCF / Net Profit
- 1.82
- Cumulative 5-Year FCF
- 4,426
- OCF / Net Profit
- 1.82
- Cumulative 5-Year FCF
- 4,426
Mar 2023
- 1,466
- Cash from Investing
- -520
- Cash from Financing
- -930
- 16
- Free Cash Flow
- 1,318
- OCF / Net Profit
- 1.83
- Cumulative 5-Year FCF
- 5,536
- OCF / Net Profit
- 1.83
- Cumulative 5-Year FCF
- 5,536
Mar 2024
- 995
- Cash from Investing
- -560
- Cash from Financing
- 103
- 538
- Free Cash Flow
- 995
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 5,863
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 5,863
Mar 2025
- 850
- Cash from Investing
- -318
- Cash from Financing
- -1,235
- -703
- Free Cash Flow
- 458
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 5,377
- OCF / Net Profit
- 1.04
- Cumulative 5-Year FCF
- 5,377
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 16.17 | 3.05 | 5.45 | -2.62 | 6.49 | 13.27 | 16.96 | 17.18 | 13.14 | 17.48 |
| Book Value (₹) | 144.34 | 146.69 | 152.37 | 149.88 | 156.68 | 169.64 | 119.73 | 136.78 | 149.50 | 166.25 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.75 | 0.25 | 0.33 | 0.44 | 0.50 | 6.59 |
| Cash EPS (₹) | 27.81 | 15.21 | 18.55 | 11.52 | 20.90 | 26.75 | 30.60 | 33.35 | 32.24 | 37.90 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 37.69% | 26.85% | 23.63% | 24.41% | 31.31% | 37.00% | 32.68% | 28.84% | 28.21% | 31.61% |
| Net Margin % | 18.60% | 4.13% | 7.31% | -3.15% | 6.83% | 16.69% | 15.84% | 13.81% | 12.13% | 14.56% |
| ROE % | 11.36% | 2.10% | 3.64% | -1.73% | 4.23% | 8.13% | 11.72% | 13.39% | 9.18% | 11.07% |
| ROCE % | 7.59% | 2.89% | 1.68% | 2.30% | 5.88% | 6.29% | 9.80% | 10.37% | 7.98% | 10.34% |
| 5.08% | 0.97% | 1.76% | -0.86% | 2.17% | 4.60% | 6.70% | 7.49% | 5.46% | 7.19% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 66 | 71 | 70 | 59 | 50 | 61 | 46 | 52 | 88 | 85 |
| Inventory Days | 8 | 11 | 12 | 13 | 12 | 11 | 10 | 10 | 12 | 12 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 74 | 82 | 82 | 72 | 62 | 72 | 56 | 62 | 100 | 97 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.87x | 0.80x | 0.79x | 0.76x | 0.65x | 0.46x | 0.57x | 0.41x | 0.42x | 0.25x |
| Interest Coverage (x) | 5.05x | 2.07x | 1.16x | 0.79x | 1.95x | 6.90x | 6.18x | 4.96x | 4.37x | 5.39x |
| 0.91x | 0.67x | 0.75x | 0.60x | 0.53x | 0.95x | 0.81x | 0.96x | 1.25x | 2.18x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -3.26% | -14.88% | 0.64% | 11.63% | 14.27% | -16.32% | 34.69% | 16.16% | -12.91% | 10.83% |
| Operating Profit Growth % | 24.43% | -39.37% | -11.41% | 15.30% | 46.56% | -1.09% | 18.95% | 2.51% | -1.88% | 19.61% |
| Net Profit Growth % | 274.90% | -81.11% | 78.35% | -148.07% | 347.85% | 104.43% | 27.83% | 1.27% | -23.49% | 32.99% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -23.49% | 32.99% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 15.88x | 9.45x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.40x | 0.99x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.24% | 3.99% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.89x | 4.63x |
Mar 2016
- EPS (₹)
- 16.17
- Book Value (₹)
- 144.34
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 27.81
- Operating Margin %
- 37.69%
- Net Margin %
- 18.60%
- ROE %
- 11.36%
- ROCE %
- 7.59%
- 5.08%
- Debtor Days
- 66
- Inventory Days
- 8
- Payable Days
- 0
- 74
- Debt to Equity (x)
- 0.87x
- Interest Coverage (x)
- 5.05x
- 0.91x
- Revenue Growth %
- -3.26%
- Operating Profit Growth %
- 24.43%
- Net Profit Growth %
- 274.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 3.05
- Book Value (₹)
- 146.69
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 15.21
- Operating Margin %
- 26.85%
- Net Margin %
- 4.13%
- ROE %
- 2.10%
- ROCE %
- 2.89%
- 0.97%
- Debtor Days
- 71
- Inventory Days
- 11
- Payable Days
- 0
- 82
- Debt to Equity (x)
- 0.80x
- Interest Coverage (x)
- 2.07x
- 0.67x
- Revenue Growth %
- -14.88%
- Operating Profit Growth %
- -39.37%
- Net Profit Growth %
- -81.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 5.45
- Book Value (₹)
- 152.37
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 18.55
- Operating Margin %
- 23.63%
- Net Margin %
- 7.31%
- ROE %
- 3.64%
- ROCE %
- 1.68%
- 1.76%
- Debtor Days
- 70
- Inventory Days
- 12
- Payable Days
- 0
- 82
- Debt to Equity (x)
- 0.79x
- Interest Coverage (x)
- 1.16x
- 0.75x
- Revenue Growth %
- 0.64%
- Operating Profit Growth %
- -11.41%
- Net Profit Growth %
- 78.35%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -2.62
- Book Value (₹)
- 149.88
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 11.52
- Operating Margin %
- 24.41%
- Net Margin %
- -3.15%
- ROE %
- -1.73%
- ROCE %
- 2.30%
- -0.86%
- Debtor Days
- 59
- Inventory Days
- 13
- Payable Days
- 0
- 72
- Debt to Equity (x)
- 0.76x
- Interest Coverage (x)
- 0.79x
- 0.60x
- Revenue Growth %
- 11.63%
- Operating Profit Growth %
- 15.30%
- Net Profit Growth %
- -148.07%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 6.49
- Book Value (₹)
- 156.68
- Dividend per Share (₹)
- 0.75
- Cash EPS (₹)
- 20.90
- Operating Margin %
- 31.31%
- Net Margin %
- 6.83%
- ROE %
- 4.23%
- ROCE %
- 5.88%
- 2.17%
- Debtor Days
- 50
- Inventory Days
- 12
- Payable Days
- 0
- 62
- Debt to Equity (x)
- 0.65x
- Interest Coverage (x)
- 1.95x
- 0.53x
- Revenue Growth %
- 14.27%
- Operating Profit Growth %
- 46.56%
- Net Profit Growth %
- 347.85%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 13.27
- Book Value (₹)
- 169.64
- Dividend per Share (₹)
- 0.25
- Cash EPS (₹)
- 26.75
- Operating Margin %
- 37.00%
- Net Margin %
- 16.69%
- ROE %
- 8.13%
- ROCE %
- 6.29%
- 4.60%
- Debtor Days
- 61
- Inventory Days
- 11
- Payable Days
- 0
- 72
- Debt to Equity (x)
- 0.46x
- Interest Coverage (x)
- 6.90x
- 0.95x
- Revenue Growth %
- -16.32%
- Operating Profit Growth %
- -1.09%
- Net Profit Growth %
- 104.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 16.96
- Book Value (₹)
- 119.73
- Dividend per Share (₹)
- 0.33
- Cash EPS (₹)
- 30.60
- Operating Margin %
- 32.68%
- Net Margin %
- 15.84%
- ROE %
- 11.72%
- ROCE %
- 9.80%
- 6.70%
- Debtor Days
- 46
- Inventory Days
- 10
- Payable Days
- 0
- 56
- Debt to Equity (x)
- 0.57x
- Interest Coverage (x)
- 6.18x
- 0.81x
- Revenue Growth %
- 34.69%
- Operating Profit Growth %
- 18.95%
- Net Profit Growth %
- 27.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 17.18
- Book Value (₹)
- 136.78
- Dividend per Share (₹)
- 0.44
- Cash EPS (₹)
- 33.35
- Operating Margin %
- 28.84%
- Net Margin %
- 13.81%
- ROE %
- 13.39%
- ROCE %
- 10.37%
- 7.49%
- Debtor Days
- 52
- Inventory Days
- 10
- Payable Days
- 0
- 62
- Debt to Equity (x)
- 0.41x
- Interest Coverage (x)
- 4.96x
- 0.96x
- Revenue Growth %
- 16.16%
- Operating Profit Growth %
- 2.51%
- Net Profit Growth %
- 1.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 13.14
- Book Value (₹)
- 149.50
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 32.24
- Operating Margin %
- 28.21%
- Net Margin %
- 12.13%
- ROE %
- 9.18%
- ROCE %
- 7.98%
- 5.46%
- Debtor Days
- 88
- Inventory Days
- 12
- Payable Days
- 0
- 100
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 4.37x
- 1.25x
- Revenue Growth %
- -12.91%
- Operating Profit Growth %
- -1.88%
- Net Profit Growth %
- -23.49%
- -23.49%
- P/E (x)
- 15.88x
- P/B (x)
- 1.40x
- Dividend Yield %
- 0.24%
- 6.89x
Mar 2025
- EPS (₹)
- 17.48
- Book Value (₹)
- 166.25
- Dividend per Share (₹)
- 6.59
- Cash EPS (₹)
- 37.90
- Operating Margin %
- 31.61%
- Net Margin %
- 14.56%
- ROE %
- 11.07%
- ROCE %
- 10.34%
- 7.19%
- Debtor Days
- 85
- Inventory Days
- 12
- Payable Days
- 0
- 97
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 5.39x
- 2.18x
- Revenue Growth %
- 10.83%
- Operating Profit Growth %
- 19.61%
- Net Profit Growth %
- 32.99%
- 32.99%
- P/E (x)
- 9.45x
- P/B (x)
- 0.99x
- Dividend Yield %
- 3.99%
- 4.63x
Documents
Announcements
- 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.
- Change in Director(s)
2026-08-19 - Shipping Corporation Of India Limited has informed the Exchange regarding Change in Director(s) of the company.
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
May 2026
Nov 2025