Shipping Corporation of India Land & Assets Ltd
Incorporated in 2021, Shipping Corporation of India Land & Assets Ltd was formed as a wholly owned subsidiary of The Shipping Corporation of India Limited (SCI) with the object of holding and disposing the Non-Core Assets of SCI distinct from the disinvestment transaction[1]
- Market Cap ₹ 2,882 Cr.
- Current Price ₹ 61.9
- High / Low ₹ 109 / 35.6
- Stock P/E 59.7
- Book Value ₹ 69.0
- Dividend Yield 1.07 %
- ROCE 1.72 %
- ROE 1.49 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.90 times its book value
Cons
- Earnings include an other income of Rs.84.4 Cr.
* 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.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 5m | May 2022 5m | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 0 | 7 | 12 | 17 | 16 | |
| 0 | 15 | 45 | 43 | 38 | |
| Operating Profit | 0 | -8 | -32 | -26 | -22 |
| OPM % | -127% | -260% | -151% | -136% | |
| 0 | 6 | 51 | 82 | 84 | |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | -3 | 18 | 55 | 61 |
| Tax % | -804% | -102% | 14% | ||
| 0 | 23 | 36 | 47 | 48 | |
| EPS in Rs | 1.02 | 1.05 | |||
| Dividend Payout % | 0% | 0% | 65% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | May 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 466 | 466 | 466 | 466 |
| Reserves | 0 | 2,675 | 2,708 | 2,756 | 2,750 |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 256 | 252 | 276 | 299 | |
| Total Liabilities | 0 | 3,397 | 3,426 | 3,498 | 3,515 |
| 0 | 2,392 | 2,392 | 2,392 | 2,404 | |
| CWIP | 0 | 0 | 1 | 8 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 0 | 1,004 | 1,034 | 1,098 | 1,110 | |
| Total Assets | 0 | 3,397 | 3,426 | 3,498 | 3,515 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | May 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| -23 | -379 | |||
| 33 | 373 | |||
| -0 | -0 | |||
| Net Cash Flow | 10 | -7 |
Ratios
Figures in Rs. Crores
| Mar 2022 | May 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 0 | 0 | 96 | |
| Inventory Days | 0 | |||
| Days Payable | ||||
| Cash Conversion Cycle | 0 | 0 | 96 | |
| Working Capital Days | 21,986 | 13,567 | 17,248 | |
| ROCE % | 1% | 2% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Directorate
13 Nov - Appointment of Atul Ubale as Director (Finance) for SCILAL.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
11 Nov - Change in Director (Finance) of SCILAL effective 11.11.2024.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Nov - Copies of Newspaper Publication of Unaudited Standalone Financial Results for the Quarter and Half Year ended on 30.09.2024.
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Unaudited Standalone Financial Results For Quarter Ended 30Th September 2024.
6 Nov - Board approved unaudited financial results for Q2 2024.
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Board Meeting Outcome for Outcome Of Board Meeting And Compliance Of Regulation 30 And 33 Of SEBI (LODR) Regulations, 2015
6 Nov - Board approved unaudited financial results for Q2 2024.
Business Overview:[1][2][3]
a) SCILAL was formed with the object of holding and disposing Non-core Assets of Shipping Corporation of India (SCI) distinct from the disinvestment transaction of SC
b) Company is categorized as Schedule
‘C’ company by Ministry of Ports, Shipping
and Waterways (MoPSW) on December 19th 2023 as per categorization of CPSEs. Also, Pursuant to the Certificate of Registration
of Trade Mark received, Logo of the Company
is duly registered as Trademark on May 22nd 2023 in respect of all kinds of Real Estate Affairs.
c) Presently, their operations are managed by the Shipping Corporation of India Ltd (SCI) under a service level agreement entered between the company and SCI