Shipping Corporation Of India Limited
Shipping Corporation Of India Limited operates in Shipping, part of the Services sector. It booked ₹1,847 cr of revenue in its latest quarter (Q1 FY27) and kept 33.5% of sales as profit. It is the 3rd largest of 6 Shipping companies we track, by market value.
| Segment | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|---|---|---|
| Tanker | 2,310 | 2,050 | 3,516 | 3,417 | 3,610 | 3,942 | 63% → 68% |
| Liner | 641 | 1,469 | 1,129 | 461 | 1,036 | 784 | 17% → 13% |
| Bulk Carrier | 368 | 1,153 | 819 | 666 | 711 | 789 | 10% → 14% |
| Technical & Offshore | 190 | 327 | 372 | 536 | 276 | 298 | 5% → 5% |
| BULK CARIER | 159 | — | — | — | — | — | — |
| Total | 3,668 | 4,999 | 5,835 | 5,080 | 5,633 | 5,813 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 71% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 34–117 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 46
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in SCI?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-03.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹1,847 cr |
| Other Income | ₹110 cr |
| Total Income | ₹1,957 cr |
| Cost of Materials | ₹0 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Employee Benefit Expense | ₹144 cr |
| Finance Costs | ₹37 cr |
| Depreciation & Amortisation | ₹282 cr |
| Other Expenses | ₹820 cr |
| Total Expenses | ₹1,283 cr |
| Profit before Tax | ₹673 cr |
| Tax Expense | ₹9 cr |
| Share of JV / Associates | ₹-45 cr |
| Net Profit | ₹619 cr |
| Net margin on total income | 31.7% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 1,612 cr | 1,513 cr | 1,847 cr |
| Total income | 1,668 cr | 1,660 cr | 1,957 cr |
| Expenses | 1,253 cr | 1,236 cr | 1,283 cr |
| Profit before tax | 415 cr | 424 cr | 673 cr |
| Tax | 22 cr | 11 cr | 9 cr |
| Net profit (owners' share) | 405 cr | 405 cr | 619 cr |
| Net margin (owners' share, on revenue) | 25.1% | 26.7% | 33.5% |
| EPS (₹) | 8.69 | 8.69 | 13.30 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| The Great Eastern Shipping Company Limited | ₹1,537 | ₹21,937 cr | 4.2 | 30.9% | 65.3% | — |
| Shreeji Shipping Global Limited | ₹851 | ₹13,864 cr | 78.2 | 23.0% | 21.2% | — |
| Shipping Corporation Of India Limitedthis company | ₹259 | ₹12,066 cr | 4.9 | 27.2% | 33.5% | — |
| Seamec Limited | ₹1,596 | ₹4,059 cr | 20.2 | 14.1% | 25.4% | — |
| Essar Shipping Limited | ₹17 | ₹353 cr | 0.4 | — | — | — |
| TRANSWORLD SHIPPING LINES LIMITED | ₹156 | ₹342 cr | 2.9 | 17.5% | 28.8% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹1 / share | 4 Sep 2026 |
| Dividend | ₹3.5 / share | 17 Feb 2026 |
| Dividend | ₹3 / share | 19 Nov 2025 |
| Dividend | ₹6.59 / share | 4 Sep 2025 |
| Dividend | ₹0.5 / share | 6 Sep 2024 |
| Dividend | ₹0.44 / share | 1 Sep 2023 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Sep 2025, the company says it has spent 100% of what it set aside.
“Company utilized 100% of FPO funds as contemplated under the objects of the Issue set out in prospectus. However, due to default of shipyards, company rescinded 4 shipbuilding contracts. The compnay received Rs. 330.65 crores as refund from shipyards. The shareholders vide the resolution passed through postal ballot on 17.02.2017 approved the proposal to re-deploy the said sum for acquisition of any such vessel or towards the balance payments remaining due for the tonnage acquisition. Of the above Rs. 196.80 Crores have been utilised and the company is having a balance of Rs. 133.85 Crores as on 30.06.2025 which was fully utilized for acquisition of vessel Sahyadri in Q2 FY 2025-26”the company’s own explanation, as filed · shareholders approved the change
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing