Shipping Corporation of India Ltd

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Shipping Corporation of India Ltd

₹ 319 4.37%
22 Jul - close price
shipindia.com BSE: 523598 NSE: SCI
About

Shipping Corporation of India is engaged involved in business of transporting goods and passengers.

Key Points

Largest Shipping Company
Company is the largest Indian shipping company in terms of capacity with a diversified fleet profile. It is involved in the business of transporting goods and passengers. Its owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, Passenger-cum-Cargo vessels, LPG carriers and Offshore Supply Vessels. It also manages a large number of vessels on behalf of various government departments and organizations. The GoI has conferred “Navratna” status to SCIL in August 2008. [1]

Website BSE NSE
  • Market Cap ₹ 14,838 Cr.
  • Current Price ₹ 319
  • High / Low ₹ 385 / 96.8
  • Stock P/E 21.8
  • Book Value ₹ 162
  • Dividend Yield 0.14 %
  • ROCE 8.18 %
  • ROE 9.40 %
  • Face Value ₹ 10.0
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Pros

Cons

  • The company has delivered a poor sales growth of 5.44% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.6% over last 3 years.
  • Dividend payout has been low at 2.52% of profits over last 3 years
  • Debtor days have increased from 70.9 to 102 days.

* 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.

Peer comparison

Sector: Shipping Industry: Shipping

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
875 1,028 1,221 1,431 1,309 1,462 1,417 1,496 1,418 1,200 1,093 1,341 1,413
652 692 822 966 982 1,163 1,094 1,027 954 837 858 924 1,005
Operating Profit 223 335 399 465 327 299 324 469 465 363 236 417 407
OPM % 26% 33% 33% 32% 25% 20% 23% 31% 33% 30% 22% 31% 29%
45 34 24 46 68 44 39 46 55 51 94 25 113
Interest 33 52 13 17 76 50 47 38 50 35 56 40 40
Depreciation 154 155 161 159 160 172 190 195 196 197 200 251 241
Profit before tax 82 162 248 336 159 121 126 282 274 182 74 151 239
Tax % -5% 2% 2% 7% 7% 10% 9% 6% -39% 5% 11% 11% -29%
86 159 243 312 148 109 114 267 380 172 66 134 307
EPS in Rs 1.84 3.40 5.22 6.69 3.18 2.34 2.46 5.72 8.16 3.68 1.41 2.88 6.60
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4,311 4,050 3,447 3,469 3,873 4,425 3,703 4,988 5,794 5,047
3,396 2,688 2,667 2,793 3,160 3,283 2,544 3,457 4,237 3,624
Operating Profit 916 1,362 780 677 713 1,143 1,159 1,531 1,557 1,423
OPM % 21% 34% 23% 20% 18% 26% 31% 31% 27% 28%
395 193 185 196 292 277 204 170 184 283
Interest 239 195 174 180 362 367 22 161 185 171
Depreciation 801 542 566 610 658 671 628 635 753 889
Profit before tax 270 818 226 82 -16 382 713 904 803 645
Tax % 28% 4% 19% -273% 304% 12% 2% 5% -8% -5%
195 782 182 306 -63 336 696 861 870 679
EPS in Rs 4.19 16.78 3.92 6.58 -1.35 7.22 14.94 18.47 18.68 14.58
Dividend Payout % 0% 0% 0% 0% 0% 10% 2% 2% 2% 3%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 11%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: 53%
3 Years: -1%
TTM: -21%
Stock Price CAGR
10 Years: 21%
5 Years: 70%
3 Years: 54%
1 Year: 224%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 12%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 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 5,508 6,437 7,074
7,739 5,845 5,492 5,585 5,277 4,767 3,679 3,200 2,605 2,914
1,580 2,148 2,162 1,686 1,896 1,668 1,556 1,684 1,936 1,646
Total Liabilities 15,839 14,731 14,549 14,506 14,357 13,919 13,403 10,859 11,443 12,100
12,280 11,827 11,411 11,348 11,119 10,653 10,174 7,624 7,403 7,004
CWIP 567 0 27 8 8 3 33 58 34 42
Investments 77 80 136 269 279 298 354 476 611 657
2,915 2,824 2,975 2,882 2,951 2,964 2,841 2,701 3,395 4,397
Total Assets 15,839 14,731 14,549 14,506 14,357 13,919 13,403 10,859 11,443 12,100

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,197 1,490 683 228 712 945 1,340 1,440 1,465 994
-308 -11 -86 -471 7 324 -206 -729 -501 -559
-1,675 -1,095 -522 -87 -866 -1,120 -1,154 -653 -930 103
Net Cash Flow 214 384 74 -329 -146 149 -20 58 34 538

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 68 61 70 70 56 50 62 47 64 102
Inventory Days
Days Payable
Cash Conversion Cycle 68 61 70 70 56 50 62 47 64 102
Working Capital Days -157 -143 -187 -102 -114 -91 -17 10 17 54
ROCE % 7% 3% 2% 2% 5% 6% 10% 11% 8%

Shareholding Pattern

Numbers in percentages

10 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75% 63.75%
0.96% 2.21% 2.35% 3.13% 3.28% 3.30% 3.23% 2.89% 3.23% 3.27% 4.66% 4.56%
10.37% 9.50% 8.35% 7.87% 7.81% 7.47% 7.01% 7.01% 6.97% 7.99% 7.87% 8.69%
24.92% 24.54% 25.55% 25.25% 25.17% 25.50% 26.01% 26.36% 26.05% 24.98% 23.74% 23.01%
No. of Shareholders 1,96,0751,81,9101,90,4401,86,2121,80,9931,76,2491,75,1431,83,3392,09,1992,19,4633,04,5273,24,156

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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