Skip to content
Shipping Corporation of India logo

Shipping Corporation of India

SCI NSE
₹268.07 +9.04 (+3.49%)
P/E
7.72
View as Markdown
MCP
Close 4 Nov 2026 ₹268.07 +7.62 +2.93% 1Y
Start ₹260.45

Key Fundamentals

MicrocapTransport ServicesServices

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
13.90%
Debt to Equity
0.29
EPS (TTM)
₹34.74
Book Value
₹195.28
Market Cap
—
P/E (TTM)
7.72
P/B
1.37
ROE
15.00%
Dividend Yield
2.90%
EBITDA
₹2,633 Cr
52W High
₹368.75
52W Low
₹195.55
Day Range
₹257.00 – ₹270.00
Volume
24,40,330

Peer Comparison

Services › Transport Services › Shipping

Shipping Corporation of India peer comparison
Great Eastern Shipping Company
₹1,571.805.99₹21,976 Cr1.320.94%15.90%15.80%₹6,213 Cr₹3,747 Cr
Shreeji Shipping Global
₹871.1588.89₹13,897 Cr18.460.12%29.90%27.90%₹757 Cr₹159 Cr
Shipping Corporation of India (this company)
₹268.077.72₹12,216 Cr1.372.90%15.00%13.90%₹6,310 Cr₹1,618 Cr
Seamec
₹1,547.4015.32₹3,998 Cr3.020.13%21.20%19.70%₹1,038 Cr₹259 Cr
ABS Marine Services
₹285.70—₹700 Cr2.250.00%29.00%20.70%——
Essar Shipping
₹17.34—₹357 Cr—0.00%——₹0 Cr₹90 Cr
Transworld Shipping Lines
₹160.32—₹346 Cr0.520.96%−10.80%−4.53%₹510 Cr−₹36 Cr
Median 7 companies₹285.7011.52₹3,998 Cr1.810.13%18.55%17.75%₹898 Cr₹209 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

59 Good

Data confidence 100/100

Category scores

Quality
61
Good
Returns, margins, earnings quality 22% weight
Valuation
72
Strong
Cheap vs sector & own history 24% weight
Growth
56
Good
Sales & profit trajectory 9% weight
Financial Health
61
Good
Solvency, leverage, coverage 9% weight
Momentum
39
Weak
Trend strength, vol-adjusted 12% weight
Ownership
53
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 21.9%

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 11.6% over last 3 years.
  • Contingent liabilities of Rs.4,099 Cr.
  • Working capital days have increased from 58.5 days to 140 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
51.44
Neutral
MACD (12,26,9)
−6.45
Bullish
SMA (50)
275.89
Bearish
SMA (200)
275.39
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+3.62%
5Y+9.31%
3Y−0.08%
1Y+3.10%
TTM+16.70%

Net profit

Net profit growth by window
10Y+5.64%
5Y+14.22%
3Y+15.86%
1Y+60.31%
TTM+78.59%

Operating cash flow

Operating cash flow growth by window
10Y−1.03%
5Y+0.04%
3Y−2.86%
1Y+58.00%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+4.19 pp
5Y+6.52 pp
3Y+10.95 pp
1Y+6.34 pp
TTM+7.74 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹3,447 Cr
Mar 2018₹3,469 Cr
Mar 2019₹3,873 Cr
Mar 2020₹4,425 Cr
Mar 2021₹3,703 Cr
Mar 2022₹4,995 Cr
Mar 2023₹5,794 Cr
Mar 2024₹5,047 Cr
Mar 2025₹5,606 Cr
Mar 2026₹5,780 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹182 Cr
Mar 2018₹306 Cr
Mar 2019−₹63.00 Cr
Mar 2020₹336 Cr
Mar 2021₹696 Cr
Mar 2022₹865 Cr
Mar 2023₹870 Cr
Mar 2024₹679 Cr
Mar 2025₹844 Cr
Mar 2026₹1,353 Cr

AI Analysis — Bull vs Bear

Generated 13 Aug 2026
AI 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

80d ago

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.

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.

Quarterly Results

₹ Cr
SCI quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
40.47
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
296
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 (₹)
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

₹ Cr
SCI profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
3,593
3,785
Operating Profit
916
1,362
780
677
713
1,143
1,159
1,530
1,557
1,423
1,765
2,186
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
474
436
Interest
239
195
174
180
362
367
22
161
185
171
186
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 (₹)
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%
26%
—

Balance Sheet

₹ Cr
SCI balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
SCI cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
−850
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
−25
Free Cash Flow
1,538
976
508
−241
594
959
1,144
1,151
990
546
558
−154
CFO/EBITDA
248
116
96
47
109
92
118
111
97
69
48
56

Ratios

SCI financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
140
ROCE %
—
7%
3%
2%
2%
5%
6%
9%
9%
8%
10%
14%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Shipping Corporation of India insights

66 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 63.75%
  • Public 21.22%
  • FIIs 9.58%
  • Others 4.01%
  • DIIs 1.44%

No promoter shares pledged as of Sep 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Shipping Corporation of India

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 trades as SCI on the NSE and under code 523598 on the BSE.
Which sector does Shipping Corporation of India Ltd belong to?
Shipping Corporation of India Ltd is classified under the Transport Services sector, in the Shipping industry.
What is the PE ratio of Shipping Corporation of India Ltd?
Shipping Corporation of India Ltd trades at a PE ratio of 7.72 as of 4 Nov 2026, on earnings per share of ₹34.74, against a book value of ₹195.28 per share.
What is the 52-week high and low of Shipping Corporation of India Ltd?
Over the last 52 weeks Shipping Corporation of India Ltd has traded between ₹195.55 and ₹368.75 as of 4 Nov 2026.
Does Shipping Corporation of India Ltd pay dividends?
Shipping Corporation of India Ltd has a dividend yield of 2.90%.
What is the Return on Equity (ROE) of Shipping Corporation of India Ltd?
Shipping Corporation of India Ltd reported a return on equity of 15.00%. Its debt-to-equity ratio is 0.29.

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 13 Aug 1997
Face Value ₹10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/SCI.md for Shipping Corporation of India Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Logistics stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month