Shipping Corporation of India Limited (SCI) AI Stock Analysis

• Market Cap: ₹105.04B
• Dividend Yield: 4.43%
• Average Volume (3M): 256.24K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 2.32
• Revenue Growth: -7.39%
• EPS Growth: -21.53%
• Country: IN
• Employees: 1,338
• Sector: Services
• Sector Strength: N/A
• Industry: Marine Shipping
• EPS (TTM): 4.06
• Shares Outstanding: 465,799,000
• 10 Day Avg. Volume: 204,356
• 30 Day Avg. Volume: 256,243
• PEG Ratio: 0.39
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 1.41
• P/FCF Ratio: 14.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ₹222.00 ▼(-2.22% Downside)

Shipping Corporation of India Limited demonstrates strong financial performance with robust revenue growth and stable margins, contributing significantly to the overall score. The technical analysis indicates mixed momentum, with potential for upward movement given the oversold conditions. The stock's reasonable valuation and attractive dividend yield further support its investment appeal.

Positive Factors

Diversified fleet and national role

SCI's diversified fleet across bulk, container, tanker and passenger segments provides durable revenue diversification across cargo types and routes. State ownership and its role in national trade supports long-term government contracts, policy alignment, and strategic market positioning.

Positive free cash flow trends

Sustained free cash flow growth strengthens SCI's ability to fund fleet maintenance, selective capex, and shareholder returns without relying heavily on external financing. Strong cash conversion also improves resilience through shipping cycles and supports long-term capital allocation flexibility.

Improving margins and profitability

Rising EBIT and net margins indicate durable operational improvements and pricing power versus peers. Sustained margin expansion enhances return on invested capital and provides buffers against freight-rate volatility, enabling reinvestment and strengthening competitive positioning over time.

Negative Factors

Recent revenue contraction

A reported decline in revenue signals persistent demand headwinds or loss of tonnage utilization. Over months this can erode scale economies, pressure margins if fixed costs remain, and limit reinvestment capacity unless revenue trends reverse or capacity is rebalanced.

Slight decline in total assets

A shrinkage in total assets can reflect deferred fleet investment or disposals, potentially constraining capacity expansion and long-term revenue potential. Reduced asset base may limit ability to capture market upswings or modernize fleet for regulatory and efficiency improvements.

High cyclicality and market exposure

An elevated beta suggests SCI's revenues and earnings are highly sensitive to global trade cycles and freight-rate swings. Structural cyclicality in shipping can lead to volatile cash flows and capital needs, increasing the challenge of maintaining steady investment and dividend policies.

Shipping Corporation of India Limited Business Overview & Revenue Model

Company Description

The Shipping Corporation of India Limited provides shipping services in India, Singapore, and internationally. It operates through Liner, Bulk, Tanker, Technical & Offshore, and Others segments. The company's fleet comprises bulk carriers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo vessels, LPG carriers, and offshore supply vessels. Its bulk carriers transport cargos, including iron ore, coal, coke, grain, fertilizer, steel, plywood, bauxite products, etc.; tankers are used for feeding crude oil to various oil refineries; and passenger-cum-cargo vessels offer transportation services between the Mainland, and Andaman and Nicobar group of islands. The company is also involved in chartering various ships, as well as in lighterage operations. In addition, it provides offshore services comprising towing and anchor handling, carriage of men and materials, standby and rescue, routine surveillance, and firefighting services, as well as operations, manning, maintenance, and management services for vessels. Further, the company offers shipbuilding consultancy assistance services for new building vessels, including project viability and feasibility, design consultancy, project management, and site supervision; and for the acquisition of second-hand ships, such as identifying the type and size of vessels, receipt and evaluation of offers, inspection of class records, physical inspection of vessels, processing specific proposals for owners/government approval, taking delivery of the vessels, etc., as well as provides liner break-bulk and container services. It operates a fleet of 59 vessels with deadweight tonnage of 5.311 million. The Shipping Corporation of India Limited was incorporated in 1950 and is based in Mumbai, India.

How the Company Makes Money

SCI generates revenue through multiple streams, primarily by providing shipping and transportation services for cargo across global and domestic routes. Key revenue streams include freight charges from transporting goods, chartering of vessels, and offshore services for oil and gas exploration. Additionally, SCI earns income from the operation of its ports and terminals, as well as through ancillary services like ship management and repair. Strategic partnerships with international shipping lines and participation in government initiatives to promote coastal shipping further enhance its revenue potential. The company also benefits from favorable regulations and policies supporting the maritime industry in India.

Shipping Corporation of India Limited Financial Statement Overview

Summary

Shipping Corporation of India Limited shows strong financial health with growing profitability and effective capital management. The company benefits from robust revenue growth and stable margins, indicating a competitive position in the marine shipping industry. Some fluctuations in cash flow and balance sheet metrics are noted, but overall financial stability is maintained.

Income Statement

The company demonstrates strong profitability with a consistent increase in net profit margin and EBIT margin over the years. Revenue growth is evident, particularly from 2024 to 2025, reflecting robust demand and pricing power. The gross profit margin has also improved, indicating efficient cost management. However, fluctuations in EBITDA margin suggest potential volatility in operating expenses.

Balance Sheet

The company maintains a healthy equity ratio, showcasing strong capital structure and financial stability. The debt-to-equity ratio has improved over the years, suggesting effective debt management. Return on equity is solid, reflecting good use of shareholders' funds. However, total assets have slightly decreased, which may impact future growth opportunities.

Cash Flow

The cash flow statement indicates positive free cash flow growth, enhancing the company's ability to reinvest and return capital to shareholders. Operating cash flow to net income ratio is healthy, demonstrating efficient cash conversion. However, fluctuations in investing and financing cash flows indicate potential volatility in capital expenditures and debt management strategies.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	54.08B	56.06B	50.32B	57.94B	49.31B	36.91B
Gross Profit	9.10B	9.81B	6.54B	11.36B	9.09B	5.90B
EBITDA	12.46B	17.64B	16.23B	16.76B	16.05B	13.70B
Net Income	9.06B	8.44B	6.79B	8.70B	8.61B	6.96B
Balance Sheet
Total Assets	0.00	117.01B	121.00B	114.43B	108.59B	134.03B
Cash, Cash Equivalents and Short-Term Investments	7.57B	7.57B	11.89B	7.05B	5.94B	2.25B
Total Debt	0.00	22.28B	29.14B	26.05B	32.00B	36.79B
Total Liabilities	-83.12B	33.89B	45.60B	45.41B	48.85B	52.35B
Stockholders Equity	83.12B	83.12B	75.39B	69.02B	59.74B	81.68B
Cash Flow
Free Cash Flow	0.00	5.58B	4.82B	9.90B	9.48B	11.43B
Operating Cash Flow	0.00	8.50B	9.94B	14.65B	14.40B	13.40B
Investing Cash Flow	0.00	-3.16B	-5.59B	-5.19B	-7.30B	-2.06B
Financing Cash Flow	0.00	-12.36B	1.03B	-9.30B	-6.53B	-11.54B

Shipping Corporation of India Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 227.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 above the 20-day moving average (MA) of 214.78, above the 50-day MA of 221.46, and above the 200-day MA of 212.86, indicating a neutral trend. The MACD of -1.79 indicates Negative momentum. The RSI at 49.28 is Neutral, neither overbought nor oversold. The STOCH value of 75.62 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GPPL	75 Outperform	₹80.83B	16.95	―	4.98%	7.10%	29.89%
VRLLOG	73 Outperform	₹47.35B	20.27	―	2.79%	4.74%	176.63%
TCI	70 Outperform	₹81.15B	18.66	―	0.94%	9.97%	16.28%
SCI	70 Outperform	₹105.04B	13.06	―	4.43%	-7.39%	-21.53%
TCIEXP	63 Neutral	₹20.73B	25.28	―	1.37%	-2.79%	-26.28%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SPICEJET	41 Neutral	₹32.15B	-7.04	―	―	-26.46%	46.14%

Shipping Corporation of India Limited Corporate Events

Shipping Corporation of India Elevates Jothi Krishnan Kandasamy to General Manager in Senior Management

Shipping Corporation of India Limited has elevated long-serving executive Mr. Jothi Krishnan Kandasamy to the senior management cadre, effective 24 December 2025, through his promotion to General Manager. With more than 33 years of experience across budget control, MIS, IT network management, software development, drydock operations, international shipping, training and internal audit, and having joined the firm as a junior officer in 1995, Kandasamy now heads the Internal Audit Department in the Finance Division, a move that underscores the company’s focus on strengthening internal controls and leveraging deep in-house expertise in a strategically important oversight role.

Shipping Corporation of India Schedules Investor Presentation for Q2 FY26 Results

The Shipping Corporation of India Limited has announced an investor presentation in compliance with SEBI regulations, scheduled for a conference call to discuss the financial results of the second quarter of the fiscal year 2025-26. This presentation is crucial for stakeholders as it provides insights into the company’s financial performance and strategic direction, potentially influencing investor decisions and market perceptions.

Shipping Corporation of India Declares Interim Dividend and Reports Financial Results

Shipping Corporation of India Limited announced that its Board of Directors has approved an interim dividend of Rs 3 per equity share for the financial year 2025-26. The decision, made during a board meeting on November 7, 2025, also included the approval of unaudited financial results for the quarter and half-year ended September 30, 2025. The record date for determining shareholder eligibility for the dividend is set for November 19, 2025, with payments to be made within 30 days of declaration. This move reflects the company’s commitment to returning value to its shareholders and maintaining transparency in its financial disclosures.