Shipping Corporation of India Limited (IN:SCI)
:SCI
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Shipping Corporation of India Limited
(SCI)
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Rating:74Outperform
Price Target:
₹321.00
▲(41.38% Upside)
Action:Reiterated
Date:05/12/26
The score is driven primarily by strong recent profitability and improving leverage, balanced against weaker cash-flow conversion in FY2026 (free cash flow turning slightly negative). Valuation is a notable support with a low P/E and high dividend yield, while technicals show a strong uptrend but appear stretched based on elevated RSI and Stoch.
Positive Factors
Profitability Improvement
Meaningful margin expansion and renewed revenue growth in FY2026 indicate improved operating leverage and pricing power. Higher sustainable margins raise baseline earnings, supporting longer-term cash generation, reinvestment capacity and resilience through shipping cycles over the next several quarters.
Negative Factors
Weak Free Cash Flow
Negative free cash flow despite higher accounting profits signals weaker cash conversion, likely from higher capex or working-capital needs. This reduces internal funding for fleet renewal or dividends and may force external financing, increasing vulnerability during shipping downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Improvement
Meaningful margin expansion and renewed revenue growth in FY2026 indicate improved operating leverage and pricing power. Higher sustainable margins raise baseline earnings, supporting longer-term cash generation, reinvestment capacity and resilience through shipping cycles over the next several quarters.
Read all positive factors
Shipping Corporation of India Limited (SCI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹133.31B
Dividend Yield4.43%
Average Volume (3M)256.24K
Price to Earnings (P/E)10.2
Beta (1Y)1.66
Revenue Growth3.10%
EPS Growth60.40%
CountryIN
Employees1,338
SectorServices
Sector StrengthN/A
IndustryMarine Shipping
Share Statistics
EPS (TTM)17.25
Shares Outstanding465,799,000
10 Day Avg. Volume204,356
30 Day Avg. Volume256,243
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.12
Price to Sales (P/S)1.77
P/FCF Ratio-311.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Shipping Corporation of India Limited Business Overview & Revenue Model
Company Description
The Shipping Corporation of India Limited (SCI), established in 1950 and headquartered in Mumbai, India, is a global provider of diverse maritime services operating across India, Singapore, and international waters. The company's operations are di...
How the Company Makes Money
SCI primarily makes money by earning freight and hire income from operating its vessels for customers under different commercial arrangements. Key revenue streams typically include: (1) time charter income, where a customer hires a vessel for a pe...
Shipping Corporation of India Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.78B | 57.80B | 55.88B | 50.32B | 57.70B | 49.31B |
| Gross Profit | 9.02B | 13.62B | 10.21B | 6.91B | 11.12B | 9.43B |
| EBITDA | 20.00B | 26.60B | 19.70B | 16.88B | 16.76B | 16.05B |
| Net Income | 8.04B | 13.53B | 8.44B | 6.79B | 8.70B | 8.61B |
Balance Sheet | ||||||
| Total Assets | 129.08B | 133.19B | 117.01B | 121.00B | 114.43B | 108.59B |
| Cash, Cash Equivalents and Short-Term Investments | 25.69B | 4.35B | 7.57B | 11.89B | 7.05B | 5.94B |
| Total Debt | 28.11B | 26.79B | 22.28B | 29.14B | 26.05B | 32.00B |
| Total Liabilities | 43.78B | 42.22B | 33.89B | 45.60B | 45.41B | 48.85B |
| Stockholders Equity | 85.31B | 90.96B | 83.12B | 75.39B | 69.02B | 59.74B |
Cash Flow | ||||||
| Free Cash Flow | -5.43B | -328.50M | 5.58B | 4.82B | 9.90B | 9.48B |
| Operating Cash Flow | 7.27B | 15.18B | 8.50B | 9.94B | 14.65B | 14.40B |
| Investing Cash Flow | -6.84B | -11.91B | -3.16B | -5.59B | -5.19B | -7.30B |
| Financing Cash Flow | 4.42B | -3.59B | -12.36B | 1.03B | -9.30B | -6.53B |
Shipping Corporation of India Limited Technical Analysis
Neutral
227.05
Price Trends
293.31
Negative
264.91
Positive
244.72
Positive
Market Momentum
-3.31
Positive
40.91
Neutral
15.46
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SCI, the sentiment is Neutral. The current price of 227.05 is below the 20-day moving average (MA) of 309.12, below the 50-day MA of 293.31, and below the 200-day MA of 244.72, indicating a neutral trend. The MACD of -3.31 indicates Positive momentum. The RSI at 40.91 is Neutral, neither overbought nor oversold. The STOCH value of 15.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SCI.
Shipping Corporation of India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ₹198.38B | 6.74 | ― | 2.51% | 1.63% | 25.52% | |
74 Outperform | ₹133.31B | 10.22 | ― | 4.43% | 3.10% | 60.40% | |
71 Outperform | ₹28.41B | 11.28 | ― | 3.13% | 31.61% | -30.97% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
50 Neutral | ₹3.47B | -4.93 | ― | 0.76% | 2.60% | -312.06% | |
48 Neutral | ₹13.08B | -16.32 | ― | 19.52% | -66.71% | -356.19% | |
43 Neutral | ₹4.62B | -4.37 | ― | ― | -82.65% | -116.98% |
* Services Sector Average
IN:SCI
Shipping Corporation of India Limited
297.00
82.63
38.55%
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23.38
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IN:GATEWAY
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58.21
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1,389.40
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IN:TRANSWORLD
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162.35
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-43.27%
Shipping Corporation of India Limited Corporate Events
Shipping Corporation of India Announces Board-Level Leadership Change in Technical & Offshore Services
Jun 1, 2026
Shipping Corporation of India Limited announced that Executive Director and Director (Technical Offshore Services) Vikram Dingley has ceased to be a director on its board following his superannuation on May 31, 2026, with the cessation effective ...
Shipping Corporation of India Fined by BSE, NSE Over Board Composition Non-Compliance
May 27, 2026
Shipping Corporation of India Limited has disclosed that both BSE and NSE have imposed fines of Rs 5,31,000 each, inclusive of GST, for non-compliance with Regulation 17(1) of SEBI’s Listing Regulations regarding the required composition of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.