Shipping Corpn.

₹205.8 -0.8 | 0.4%

WEBSITE BSE:523598 NSE : SHIPP.CORPN 10 May, 16:01

Market Cap ₹9586 Cr.

Stock P/E 12.8

P/B 1.3

Current Price ₹205.8

Book Value ₹ 155.6

Face Value 10

52W High ₹290.6

Dividend Yield 0.21%

52W Low ₹ 93.7

Edit Ratio

Shipping Corpn. Research see more...

Overview Inc. Year: 1950Industry: Shipping

Shipping Corporation of India Ltd is engaged in sea and coastal freight water transport enterprise. The Company's segments consist of Liner Segment, Bulk Carrier, Tanker, Technical and Offshore and Others. The Liner section includes breakbulk, container transport, passenger vessels, and passenger vessels and research vessels managed on behalf of different organizations. The Bulk section consists of tankers, dry bulk carriers, gas carriers, phosphoric acid providers and liquefied natural gas (LNG) vessels controlled on behalf of joint venture companies. The Technical & Offshore offerings segment consists of the Company-owned offshore vessels, offshore vessels managed on behalf of other corporations. It gives technical consultancy. The Others section includes Maritime Training Institute operations. It offers various services, which include tankers, bulk providers, container, offshore, breakbulk, coastal & passenger offerings, chartering, lighterage, dry docking and shipbuilding consultancy.

Shipping Corpn. Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Shipping Corpn. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	1221	1431	1309	1462	1417	1496	1418	1200	1093	1341
Other Income	8	25	47	28	26	25	34	27	69	22
Total Income	1230	1456	1355	1490	1443	1521	1452	1227	1162	1363
Total Expenditure	822	966	982	1163	1094	1027	954	837	858	924
Operating Profit	407	490	373	327	349	494	499	390	304	439
Interest	13	17	76	50	47	38	50	35	56	40
Depreciation	161	159	160	172	190	195	196	197	200	251
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	233	314	137	105	112	262	253	157	48	148
Provision for Tax	5	24	11	12	12	16	-106	10	8	17
Profit After Tax	228	290	127	93	101	246	360	147	40	132
Adjustments	15	22	22	16	14	21	20	24	25	3
Profit After Adjustments	243	312	148	109	114	267	380	172	66	134
Adjusted Earnings Per Share	5.2	6.7	3.1	2.3	2.5	5.7	8.2	3.7	1.4	2.9

Shipping Corpn. Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	4311	4050	3447	3469	3873	4425	3703	4988	5794	5052
Other Income	412	183	156	149	232	243	212	99	113	152
Total Income	4723	4233	3604	3618	4105	4668	3915	5087	5907	5204
Total Expenditure	3412	2706	2678	2798	3160	3283	2545	3457	4237	3573
Operating Profit	1311	1526	925	820	945	1385	1370	1629	1670	1632
Interest	239	195	174	180	362	367	108	161	185	181
Depreciation	801	542	566	610	658	671	628	635	753	844
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	270	818	226	82	-16	382	713	904	803	606
Provision for Tax	75	36	43	-224	47	45	17	44	-67	-71
Profit After Tax	195	782	182	307	-63	336	696	861	870	679
Adjustments	0	0	0	0	0	0	0	0	0	72
Profit After Adjustments	195	782	182	307	-63	336	696	861	870	752
Adjusted Earnings Per Share	4.2	16.8	3.9	6.6	-1.3	7.2	14.9	18.5	18.7	16.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	16%	9%	11%	0%
Operating Profit CAGR	3%	6%	15%	0%
PAT CAGR	1%	37%	23%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	107%	20%	45%	18%
ROE Average	14%	12%	8%	7%
ROCE Average	11%	9%	7%	6%

Shipping Corpn. Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	6519	6738	6894	7235	7183	7484	8168	5974	6902
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	6149	4556	3078	3307	2527	1677	2664	2146	1659
Other Non-Current Liabilities	138	497	474	195	156	164	142	92	89
Total Current Liabilities	3032	2940	4102	3577	4491	4593	2429	2647	2792
Total Liabilities	15839	14731	14549	14506	14357	13919	13403	10859	11443
Fixed Assets	12280	11827	11411	11348	11119	10653	10174	7624	7403
Other Non-Current Assets	1013	224	402	468	545	824	926	1097	1349
Total Current Assets	2546	2679	2729	2690	2693	2441	2302	2137	2690
Total Assets	15839	14731	14549	14506	14357	13919	13403	10859	11443

Shipping Corpn. Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1121	113	497	571	242	95	245	225	283
Cash Flow from Operating Activities	2197	1490	683	228	713	945	1340	1440	1465
Cash Flow from Investing Activities	-308	-11	-86	-471	12	319	-206	-730	-519
Cash Flow from Financing Activities	-1675	-1095	-522	-87	-866	-1120	-1154	-653	-930
Net Cash Inflow / Outflow	215	384	74	-330	-141	144	-21	57	16
Closing Cash & Cash Equivalent	1335	497	571	242	95	245	225	283	317

Shipping Corpn. Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.19	16.78	3.92	6.58	-1.35	7.22	14.94	18.47	18.68
CEPS(Rs)	21.39	28.42	16.07	19.68	12.79	21.63	28.42	32.11	34.85
DPS(Rs)	0	0	0	0	0	0.75	0.25	0.33	0.44
Book NAV/Share(Rs)	139.96	144.65	148.01	155.33	154.21	160.66	175.34	128.26	148.18
Core EBITDA Margin(%)	20.85	33.18	22.31	19.34	18.41	25.82	31.28	30.69	26.88
EBIT Margin(%)	11.81	25	11.59	7.56	8.94	16.91	22.15	21.36	17.05
Pre Tax Margin(%)	6.27	20.19	6.55	2.37	-0.4	8.62	19.25	18.13	13.86
PAT Margin (%)	4.52	19.3	5.29	8.83	-1.62	7.6	18.8	17.25	15.02
Cash Profit Margin (%)	23.11	32.69	21.71	26.42	15.38	22.77	35.75	29.99	28.02
ROA(%)	1.23	5.11	1.25	2.11	-0.43	2.38	5.1	7.09	7.8
ROE(%)	2.99	11.79	2.68	4.34	-0.87	4.59	8.9	12.17	13.52
ROCE(%)	3.57	7.54	3.2	2.08	2.74	6.06	6.82	10.16	10.6
Receivable days	67.65	66.73	70.97	69.51	59.45	49.7	60.95	46.39	52.14
Inventory Days	7.84	8.03	10.63	12.19	13.02	12.01	10.8	9.6	10.23
Payable days	0	0	0	0	0	0	0	0	0
PER(x)	11.02	3.88	19.41	9.78	0	5.2	7.41	6.23	5.03
Price/Book(x)	0.33	0.45	0.51	0.41	0.25	0.23	0.63	0.9	0.63
Dividend Yield(%)	0	0	0	0	0	2	0.23	0.29	0.47
EV/Net Sales(x)	1.98	1.87	2.22	2.15	1.56	1.25	2.1	1.63	1.11
EV/Core EBITDA(x)	6.53	4.97	8.27	9.11	6.4	4.01	5.68	5.01	3.84
Net Sales Growth(%)	0	-6.06	-14.88	0.64	11.63	14.27	-16.32	34.69	16.16
EBIT Growth(%)	0	98.93	-60.55	-34.32	31.95	116.16	9.63	29.85	-7.26
PAT Growth(%)	0	300.83	-76.67	68.06	-120.44	636.99	106.87	23.62	1.12
EPS Growth(%)	0	300.82	-76.67	68.06	-120.44	637	106.87	23.62	1.12
Debt/Equity(x)	1.19	0.87	0.8	0.77	0.73	0.63	0.45	0.53	0.37
Current Ratio(x)	0.84	0.91	0.67	0.75	0.6	0.53	0.95	0.81	0.96
Quick Ratio(x)	0.81	0.88	0.64	0.72	0.56	0.51	0.93	0.74	0.92
Interest Cover(x)	2.13	5.2	2.3	1.46	0.96	2.04	7.62	6.62	5.34
Total Debt/Mcap(x)	3.6	1.93	1.55	1.86	2.99	2.71	0.71	0.59	0.59

Shipping Corpn. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	63.75	63.75	63.75	63.75	63.75	63.75	63.75	63.75	63.75	63.75
FII	2.21	2.35	3.13	3.27	3.29	3.23	2.89	3.23	3.27	4.66
DII	9.51	8.36	7.87	7.81	7.46	7.01	7	6.97	8	7.86
Public	24.54	25.55	25.25	25.17	25.49	26.01	26.35	26.05	24.99	23.73
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	29.69	29.69	29.69	29.69	29.69	29.69	29.69	29.69	29.69	29.69
FII	1.03	1.09	1.46	1.52	1.53	1.51	1.35	1.51	1.52	2.17
DII	4.43	3.89	3.67	3.64	3.48	3.26	3.26	3.25	3.72	3.66
Public	11.43	11.9	11.76	11.73	11.88	12.12	12.28	12.13	11.64	11.05
Others	0	0	0	0	0	0	0	0	0	0
Total	46.58	46.58	46.58	46.58	46.58	46.58	46.58	46.58	46.58	46.58

Pros

Company has delivered good profit growth of 23% CAGR over last 5 years
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Shipping Corpn. News

IPO

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Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Shipping Corpn.

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Shipping Corpn. Research see more...

Overview Inc. Year: 1950Industry: Shipping

Shipping Corpn. Share Price

Alert Data

Quarterly Price

Peer Comparison

Shipping Corpn. Quarterly Results

Shipping Corpn. Profit & Loss

Growth Rates

Shipping Corpn. Balance Sheet

Shipping Corpn. Cash Flow

Shipping Corpn. Ratios

Shipping Corpn. Shareholding Pattern

Shipping Corpn. News

IPO

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