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Ship.Corp.(I) Land Overview

Shipping Corporation of India Land and Assets Limited (SCILAL) was incorporated in 2021 to manage the non-core assets of the Shipping Corporation of India. Vision is to efficiently manage and dispose of these assets, contributing to the overall value enhancement of SCI. The primary objective of SCILAL is to facilitate the strategic disinvestment process of SCI. This involves separating the non-core assets from SCI to unlock their value, distinct from the disinvestment transaction of the company. Operations include the Maritime Training Institut...Read More

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Ship.Corp.(I) Land Key Financials

Market Cap ₹2071 Cr.

Stock P/E -10.9

P/B 0.7

Current Price ₹44.5

Book Value ₹ 64.5

Face Value 10

52W High ₹60.3

Dividend Yield 0%

52W Low ₹ 34.5

Ship.Corp.(I) Land Share Price

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Volume
Price

Ship.Corp.(I) Land Quarterly Price

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Ship.Corp.(I) Land Peer Comparison

Ship.Corp.(I) Land Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 5 5 4 3 4 6 5 6 6 6
Other Income 21 21 21 21 21 21 21 21 21 21
Total Income 26 26 25 25 25 27 26 27 28 27
Total Expenditure 13 7 16 8 7 13 8 7 21 11
Operating Profit 13 18 9 16 18 15 18 20 7 16
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 1 1 1 0 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 13 18 9 16 18 14 17 19 6 15
Provision for Tax 3 3 1 4 5 4 242 5 2 4
Profit After Tax 10 15 8 12 13 10 -224 14 4 11
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 10 15 8 12 13 10 -224 14 4 11
Adjusted Earnings Per Share 0.2 0.3 0.2 0.3 0.3 0.2 -4.8 0.3 0.1 0.2

Ship.Corp.(I) Land Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 13 17 18 23
Other Income 0 51 82 85 84
Total Income 0 63 99 103 108
Total Expenditure 0 45 43 36 47
Operating Profit -0 18 56 67 61
Interest 0 0 0 0 0
Depreciation 0 1 1 2 3
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax -0 18 55 65 57
Provision for Tax 0 -18 8 255 253
Profit After Tax -0 36 47 -189 -195
Adjustments 0 0 0 0 0
Profit After Adjustments -0 36 47 -189 -195
Adjusted Earnings Per Share -1.7 0 1 -4.1 -4.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 6% 0% 0% 0%
Operating Profit CAGR 20% 0% 0% 0%
PAT CAGR -502% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -13% NA% NA% NA%
ROE Average -6% -1% -6% -6%
ROCE Average 2% 2% -4% -4%

Ship.Corp.(I) Land Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 0 3174 3222 3002
Minority's Interest 0 0 0 0
Borrowings 0 0 0 0
Other Non-Current Liabilities 0 9 2 241
Total Current Liabilities 0 0 27 6
Total Liabilities 0 3426 3498 3502
Fixed Assets 0 2389 2390 2390
Other Non-Current Assets 0 6 17 20
Total Current Assets 0 1030 1091 1093
Total Assets 0 3426 3498 3502

Ship.Corp.(I) Land Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 10 3
Cash Flow from Operating Activities -0 -23 -379 -49
Cash Flow from Investing Activities 0 33 373 80
Cash Flow from Financing Activities 0 -0 -0 -31
Net Cash Inflow / Outflow 0 10 -7 -0
Closing Cash & Cash Equivalent 0 10 3 3

Ship.Corp.(I) Land Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -1.74 0 1.02 -4.07
CEPS(Rs) -1.74 0 1.03 -4.02
DPS(Rs) 0 0 0.66 0.55
Book NAV/Share(Rs) 8.26 0 69.16 64.44
Core EBITDA Margin(%) 0 -260 -150.58 -96.17
EBIT Margin(%) 0 140.72 320.03 356.01
Pre Tax Margin(%) 0 140.64 319.98 355.96
PAT Margin (%) 0 284.4 275.78 -1034.86
Cash Profit Margin (%) 0 290.48 279.79 -1022.24
ROA(%) -17.46 2.08 1.37 -5.41
ROE(%) -21.1 2.63 1.6 -6.09
ROCE(%) -20.87 1.11 1.72 2.09
Receivable days 0 0 96.23 62.63
Inventory Days 0 0 0 0
Payable days 0 0 0 0
PER(x) 0 0 39.18 0
Price/Book(x) 0 0 0.58 0.72
Dividend Yield(%) 0 0 1.65 1.19
EV/Net Sales(x) 0 -25.77 107.85 117.49
EV/Core EBITDA(x) -0.01 -17.56 33.28 31.87
Net Sales Growth(%) 0 0 37.76 6.27
EBIT Growth(%) 0 0 213.3 18.22
PAT Growth(%) 0 0 33.59 -498.78
EPS Growth(%) 0 100 0 -498.79
Debt/Equity(x) 0 0 0 0
Current Ratio(x) 5.79 0 40.24 169.19
Quick Ratio(x) 5.79 0 40.24 169.19
Interest Cover(x) -90.69 1759 5511 6515
Total Debt/Mcap(x) 0 0 0 0

Ship.Corp.(I) Land Shareholding Pattern

# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75
FII 2.45 1.62 1.54 1.12 1.13 1.11 1.12 1.13 1.04
DII 7.01 6.66 6.52 6.52 6.19 6.21 6.21 6.21 6.2
Public 26.79 27.97 28.19 28.61 28.93 28.94 28.92 28.92 29.01
Others 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100

Ship.Corp.(I) Land News

Ship.Corp.(I) Land Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -1% over the last 3 years.
  • Earnings include an other income of Rs. 85 Cr.
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