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Shipping Corpn. Overview

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 co...Read More

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Shipping Corpn. Key Financials

Market Cap ₹11424 Cr.

Stock P/E 13.5

P/B 1.3

Current Price ₹245.3

Book Value ₹ 191.6

Face Value 10

52W High ₹280.4

Dividend Yield 2.69%

52W Low ₹ 143.1

Shipping Corpn. Share Price

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Volume
Price

Shipping Corpn. Quarterly Price

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Shipping Corpn. Peer Comparison

Shipping Corpn. 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 1093 1341 1413 1514 1451 1316 1325 1316 1339 1612
Other Income 69 22 98 44 40 35 75 146 97 57
Total Income 1162 1363 1510 1558 1491 1350 1401 1462 1436 1668
Total Expenditure 858 924 1005 1005 918 958 961 827 932 934
Operating Profit 304 439 505 554 573 392 440 635 504 735
Interest 56 40 40 40 43 64 39 31 47 48
Depreciation 200 251 241 220 234 255 243 250 256 271
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 48 148 224 294 296 73 159 355 201 415
Provision for Tax 8 17 -68 7 7 8 -14 12 25 22
Profit After Tax 40 132 292 287 289 65 172 343 176 393
Adjustments 25 3 16 5 2 11 13 11 13 12
Profit After Adjustments 66 134 307 291 291 76 185 354 189 405
Adjusted Earnings Per Share 1.4 2.9 6.6 6.3 6.3 1.6 4 7.6 4.1 8.7

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 Mar 2024 Mar 2025 TTM
Net Sales 4311 4050 3447 3469 3873 4425 3703 4988 5794 5047 5606 5592
Other Income 412 183 156 149 232 243 212 99 113 216 196 375
Total Income 4723 4233 3604 3618 4105 4668 3915 5087 5907 5262 5802 5967
Total Expenditure 3412 2706 2678 2798 3160 3283 2545 3457 4237 3624 3842 3654
Operating Profit 1311 1526 925 820 945 1385 1370 1629 1670 1638 1960 2314
Interest 239 195 174 180 362 367 108 161 185 171 187 165
Depreciation 801 542 566 610 658 671 628 635 753 889 951 1020
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 270 818 226 82 -16 382 713 904 803 645 852 1130
Provision for Tax 75 36 43 -224 47 45 17 44 -67 -34 8 45
Profit After Tax 195 782 182 307 -63 336 696 861 870 679 844 1084
Adjustments 0 0 0 0 0 0 0 0 0 0 0 49
Profit After Adjustments 195 782 182 307 -63 336 696 861 870 679 844 1133
Adjusted Earnings Per Share 4.2 16.8 3.9 6.6 -1.3 7.2 14.9 18.5 18.7 14.6 18.1 24.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 4% 5% 3%
Operating Profit CAGR 20% 6% 7% 4%
PAT CAGR 24% -1% 20% 16%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 60% 26% 15% 14%
ROE Average 11% 11% 11% 7%
ROCE Average 10% 10% 9% 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 Mar 2024 Mar 2025
Shareholder's Funds 6519 6738 6894 7235 7183 7484 8168 5974 6902 7540 8312
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 6149 4556 3078 3307 2527 1677 2664 2146 1659 1566 1509
Other Non-Current Liabilities 138 497 474 195 156 164 142 92 89 79 251
Total Current Liabilities 3032 2940 4102 3577 4491 4593 2429 2647 2792 2916 1629
Total Liabilities 15839 14731 14549 14506 14357 13919 13403 10859 11443 12100 11701
Fixed Assets 12280 11827 11411 11348 11119 10653 10174 7624 7403 7004 6711
Other Non-Current Assets 1013 224 402 468 545 824 926 1097 1349 1447 1415
Total Current Assets 2546 2679 2729 2690 2693 2441 2302 2137 2690 3649 3575
Total Assets 15839 14731 14549 14506 14357 13919 13403 10859 11443 12100 11701

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 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1121 113 497 571 242 95 245 225 283 317 842
Cash Flow from Operating Activities 2197 1490 683 228 713 945 1340 1440 1465 994 850
Cash Flow from Investing Activities -308 -11 -86 -471 12 319 -206 -730 -519 -559 -316
Cash Flow from Financing Activities -1675 -1095 -522 -87 -866 -1120 -1154 -653 -930 103 -1236
Net Cash Inflow / Outflow 215 384 74 -330 -141 144 -21 57 16 538 -702
Closing Cash & Cash Equivalent 1335 497 571 242 95 245 225 283 317 842 140

Shipping Corpn. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.19 16.78 3.92 6.58 -1.35 7.22 14.94 18.47 18.68 14.58 18.11
CEPS(Rs) 21.39 28.42 16.07 19.68 12.79 21.63 28.42 32.11 34.85 33.67 38.53
DPS(Rs) 0 0 0 0 0 0.75 0.25 0.33 0.44 0.5 6.59
Book NAV/Share(Rs) 139.96 144.65 148.01 155.33 154.21 160.66 175.34 128.26 148.18 161.86 178.44
Core EBITDA Margin(%) 20.85 33.18 22.31 19.34 18.41 25.82 31.28 30.69 26.88 28.19 31.46
EBIT Margin(%) 11.81 25 11.59 7.56 8.94 16.91 22.15 21.36 17.05 16.18 18.54
Pre Tax Margin(%) 6.27 20.19 6.55 2.37 -0.4 8.62 19.25 18.13 13.86 12.79 15.19
PAT Margin (%) 4.52 19.3 5.29 8.83 -1.62 7.6 18.8 17.25 15.02 13.45 15.05
Cash Profit Margin (%) 23.11 32.69 21.71 26.42 15.38 22.77 35.75 29.99 28.02 31.08 32.02
ROA(%) 1.23 5.11 1.25 2.11 -0.43 2.38 5.1 7.09 7.8 5.77 7.09
ROE(%) 2.99 11.79 2.68 4.34 -0.87 4.59 8.9 12.17 13.52 9.4 10.64
ROCE(%) 3.57 7.54 3.2 2.08 2.74 6.06 6.82 10.16 10.6 8.2 10.05
Receivable days 67.65 66.73 70.97 69.51 59.45 49.7 60.95 46.39 52.14 87.84 84.77
Inventory Days 7.84 8.03 10.63 12.19 13.02 12.01 10.8 9.6 10.23 11.72 11.94
Payable days 0 0 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 14.32 9.12
Price/Book(x) 0.33 0.45 0.51 0.41 0.25 0.23 0.63 0.9 0.63 1.29 0.93
Dividend Yield(%) 0 0 0 0 0 2 0.23 0.29 0.47 0.24 3.99
EV/Net Sales(x) 1.98 1.87 2.22 2.15 1.56 1.25 2.1 1.63 1.11 2.24 1.61
EV/Core EBITDA(x) 6.53 4.97 8.27 9.11 6.4 4.01 5.68 5.01 3.84 6.9 4.62
Net Sales Growth(%) 0 -6.06 -14.88 0.64 11.63 14.27 -16.32 34.69 16.16 -12.9 11.08
EBIT Growth(%) 0 98.93 -60.55 -34.32 31.95 116.16 9.63 29.85 -7.26 -17.35 27.26
PAT Growth(%) 0 300.83 -76.67 68.06 -120.44 636.99 106.87 23.62 1.12 -21.97 24.24
EPS Growth(%) 0 300.82 -76.67 68.06 -120.44 637 106.87 23.62 1.12 -21.97 24.24
Debt/Equity(x) 1.19 0.87 0.8 0.77 0.73 0.63 0.45 0.53 0.37 0.38 0.23
Current Ratio(x) 0.84 0.91 0.67 0.75 0.6 0.53 0.95 0.81 0.96 1.25 2.19
Quick Ratio(x) 0.81 0.88 0.64 0.72 0.56 0.51 0.93 0.74 0.92 1.19 2.08
Interest Cover(x) 2.13 5.2 2.3 1.46 0.96 2.04 7.62 6.62 5.34 4.77 5.55
Total Debt/Mcap(x) 3.6 1.93 1.55 1.86 2.99 2.71 0.71 0.59 0.59 0.3 0.25

Shipping Corpn. Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75 63.75
FII 3.23 3.27 4.66 4.56 5.62 4.78 4.68 6.13 6.49 7.13
DII 6.97 8 7.86 8.69 3.64 3.64 3.16 2.57 2.58 2.41
Public 26.05 24.99 23.73 23 26.99 27.83 28.41 27.55 27.18 26.71
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Shipping Corpn. News

Shipping Corpn. Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
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