Shipping Corporation of India (SCI) had a P/E of 6.1× on 6 Nov 2026, below the industry P/E of 23.5×, and the shares are 29% below their 52-week high. Sales fell 0.1% a year over 3 years while net profit grew 16%, with ROCE of 14% and ROE of 16%. Debt is 0.29× equity, and its dividend yield is 2.8%. It is a small-cap company with a market cap of ₹12,161 Cr, ranked 5th of 15 Marine Shipping companies by market cap; the shares rose 5.3% over the past year.
- ₹261.05
- ₹263.85
- ₹256.60
- ₹263.45
- 22.1 L
Health check
- ReturnsBehind
+5.3% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 6.1 vs industry 23.5.
- GrowthSteady
Sales −0.1%, profit +15.8% a year over 3 years.
- ProfitabilityAverage
ROCE 14.1% vs peer median 15.4%.
- Balance sheetSolid
Debt 0.29× equity, interest covered 10.2×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹12,161 Cr
- Small cap
- P/E
- 6.1
- Industry 23.5
- Price to book
- 1.34
- Peers 4.42
- Dividend yield
- 2.80%
- ROE
- 15.5%
- Peers 20.0%
- ROCE
- 14.1%
- Peers 15.4%
- Debt to equity
- 0.29
- Debt ₹2,679 Cr
- EPS (TTM)
- ₹43.08
- Face value ₹10
- OPM (TTM)
- 26.9%
- Net margin 25.6%
- Sales growth
- +71.1%
- Latest quarter vs a year ago
- Profit growth
- +205.4%
- Latest quarter vs a year ago
- Price to sales
- 1.93
- EV/EBITDA 5.7
Strengths and risks
Strengths
- Dividend yield of 2.80%.
- Quarterly profit up 205.4% on a year ago.
- Quarterly sales up 71.1% on a year ago.
- Net margin of 25.6%.
- P/E of 6.1 against an industry P/E of 23.5.
About Shipping Corporation of India
The Shipping Corporation of India Limited, a marginal liner shipping company, engages in the business of transporting goods in India. It operates through Liner, Bulk, Tanker, and Technical & Offshore segments. The company's fleet includes bulk carriers, crude oil tankers, product tankers, container vessels, passenger-cum-Cargo vessels, LPG carriers, and offshore supply vessels. It offers bulk carriers transport cargos, including iron ore, coal, coke,…
- Headquarters
- Mumbai
- Employees
- 1,443
- Sector
- Industrials
- ISIN
- INE109A01011
- Website
- shipindia.com
Price range
- Avg volume (3M)
- 25.1 L
- 1-year return
- plus 5.3%
- From 52-week high
- minus 29.2%
Peers · Marine Shipping
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPORTSAdani Ports and Special Economic Zone | 1,936.60 | plus 2.76% | 4,46,185 | 32.3 | 4.36 | 11.0% | 15.6% | 44.0% | 22.9% | 34.1% | 0.39% | plus 30.5% |
| JSWINFRAJSW Infrastructure | 338.30 | minus 2.31% | 78,692 | 50.3 | 4.42 | 12.0% | 9.9% | 36.2% | 19.0% | 27.2% | 0.27% | plus 19.5% |
| GESHIPGreat Eastern Shipping Co. | 1,428.70 | minus 2.14% | 19,236 | 4.6 | 1.20 | 17.4% | 18.8% | 42.5% | −1.6% | 4.5% | 4.03% | plus 38.6% |
| SHREEJISPGShreeji Shipping Global | 884.55 | plus 2.40% | 14,411 | 88.7 | 18.71 | – | 21.1% | 24.4% | −5.4% | 8.7% | 0.23% | plus 219.9% |
| SCIShipping Corporation of India | 261.07 | minus 0.90% | 12,161 | 6.1 | 1.34 | 14.1% | 15.5% | 23.5% | −0.1% | 15.8% | 2.80% | plus 5.3% |
| KMEWKnowledge Marine & Engineering Works | 652.80 | minus 79.23% | 8,279 | 60.7 | 14.00 | 13.4% | 20.0% | 39.9% | 7.6% | 18.8% | 0.00% | plus 125.5% |
| GPPLGujarat Pipavav Port | 166.49 | plus 3.23% | 8,052 | 14.6 | 3.37 | 26.7% | 21.8% | 52.0% | 6.6% | 18.0% | 6.06% | minus 0.9% |
| CORDELIAWaterways Leisure Tourism | 88.29 | minus 2.03% | 6,392 | 56.6 | 8.35 | 59.8% | 92.1% | 21.1% | 6.3% | −1.9% | 0.00% | plus 32.2% |
| Median of 7 peers | – | −2.03% | 14,411 | 50.3 | 4.42 | 15.4% | 20.0% | 39.9% | 6.6% | 18.0% | 0.27% | 32.2% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,339 | 1,612 | 1,513 | 1,847 | 2,291 | |
| 1,188 | 1,205 | 1,188 | 1,246 | 1,668 | |
| 151 | 407 | 325 | 600 | 622 | |
| 11.3% | 25.2% | 21.5% | 32.5% | 27.2% | |
| 111 | 68.5 | 138 | 65.2 | 12.7 | |
| 47.4 | 48.4 | 47.1 | 37.4 | 48.1 | |
| 214 | 427 | 416 | 628 | 587 | |
| 11.6% | 5.1% | 2.6% | 1.4% | 1.6% | |
| 189 | 405 | 405 | 619 | 578 | |
| 4.06 | 8.69 | 8.69 | 13.30 | 12.40 |
Profit & loss
- Sales CAGR 3Y
- −0.1%
- Profit CAGR 3Y
- +15.8%
- EPS CAGR 3Y
- +15.9%
- ROE
- 15.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5,770 | 5,032 | 5,588 | 5,748 | |
| – | minus 12.8% | +11.0% | +2.9% | |
| 4,014 | 3,579 | 3,761 | 3,391 | |
| 1,756 | 1,453 | 1,827 | 2,356 | |
| 30.4% | 28.9% | 32.7% | 41.0% | |
| −102 | 172 | 95.6 | 215 | |
| 119 | 154 | 142 | 155 | |
| 753 | 889 | 951 | 1,064 | |
| 21.6 | 63 | 22.5 | 71 | |
| 803 | 645 | 852 | 1,423 | |
| −8.4% | −5.2% | 1.0% | 4.9% | |
| 870 | 679 | 844 | 1,353 | |
| – | minus 22.0% | +24.2% | +60.4% | |
| 18.68 | 14.58 | 18.11 | 29.05 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 466 | 466 | 466 | 466 | |
| 6,437 | 7,074 | 7,846 | 8,630 | |
| 2,605 | 2,914 | 2,228 | 2,679 | |
| 1,936 | 1,646 | 1,161 | 1,543 | |
| 11,443 | 12,100 | 11,701 | 13,319 | |
| 7,437 | 7,062 | 6,715 | 7,203 | |
| 33.5 | 42.1 | 4.4 | 5 | |
| 4.4 | 5.8 | 5.4 | 7.3 | |
| 705 | 1,189 | 1,372 | 2,659 | |
| 3,263 | 3,802 | 3,605 | 3,444 | |
| 11,443 | 12,100 | 11,701 | 13,319 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,465 | 994 | 850 | 1,343 | |
| −519 | −559 | −316 | −858 | |
| −930 | 103 | −1,236 | −518 | |
| 16.1 | 538 | −702 | −32.3 | |
| −476 | −512 | −292 | −1,550 | |
| 990 | 482 | 558 | −207 | |
| −15.3 | −20.4 | −23.2 | −609 |
Shareholding pattern
- Promoters63.75%
- Public36.25%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 63.75% | 36.25% | 0.00 | |
| 30 Jun 2026 | 63.75% | 36.25% | 0.00 | |
| 31 Mar 2026 | 63.75% | 36.25% | 0.00 | |
| 31 Dec 2025 | 63.75% | 36.25% | 0.00 | |
| 30 Sep 2025 | 63.75% | 36.25% | – |
Major shareholders
Filings & events
News
No recent news coverage found.