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Shipping Corporation Of India Limited (SCI)

Services · Transport Services · NSE · Updated 16 June 2026

₹310.75 ↑ 32.07% (1Y)

🎯 Key Takeaways

Shipping Corporation of India Limited (SCI) is transitioning from a mature, stable performer to a growth-oriented entity with strategic investments in fleet expansion and coastal network enhancement. The company has demonstrated consistent profitability and operational resilience, supported by rising freight rates and targeted vessel acquisitions in energy and container segments.
Revenue declined 9.3% QoQ to ₹1,316 in Q3FY25.
⚠️ Geopolitical tensions in the Middle East may disrupt vessel movements and increase operational uncertainty.

Market Cap

₹15,437

P/E Ratio

16.0

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About SCI 📊 Interactive Charts

📖 The Story

Shipping Corporation of India Limited (SCI) is transitioning from a mature, stable performer to a growth-oriented entity with strategic investments in fleet expansion and coastal network enhancement. The company has demonstrated consistent profitability and operational resilience, supported by rising freight rates and targeted vessel acquisitions in energy and container segments. Management is actively positioning SCI to capitalize on expanding EXIM and domestic trade demand amid shifting geopolitical dynamics.

📰 What's Happening

In FY2025-26, SCI reported consolidated revenue of ₹5,046 crores and PAT of ₹1,353 crores, reflecting improved segment profitability and strategic fleet expansion. Key developments include a 10% YoY increase in liner freight rates and the planned induction of 4 MR tankers, 6 container ships, and 4 aframax tankers to strengthen energy transport and coastal services. The company is expanding its coastal network to Goa, Mangalore, and Kolkata to capture growing trade demand. The Board recommended a final dividend of Re. 1 per share (10% of face value) subject to AGM approval, with payment expected within 30 days of approval. Additionally, SCI faced minor regulatory penalties totaling ₹5.43 crores for delayed disclosures and board composition non-compliance, though these are not material to operations.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	1,418	1,200	1,093	1,341	1,413	1,514	1,451	1,316
Operating Profit	499	390	304	439	505	554	573	392
OPM %	32.8%	30.2%	21.6%	31.1%	28.8%	33.7%	36.7%	27.2%
Net Profit	380	172	66	134	307	291	291	76
EPS	₹8.16	₹3.68	₹1.41	₹2.88	₹6.60	₹6.26	₹6.26	₹1.62

Quarterly performance shows revenue stabilization around ₹1,300–1,500 crores per quarter, with operating margins fluctuating between 21.6% and 36.7%. The most recent quarter (Q3FY25) recorded revenue of ₹1,316 crores and OPM of 27.2%, with PAT of ₹76 crores. While margins dipped slightly from peak levels seen in Q2FY25 (36.7%), they remain healthy compared to historical averages. The company has consistently maintained profitability, with EPS ranging from ₹1.41 to ₹8.16 over the past eight quarters, indicating strong earnings stability despite macroeconomic headwinds.

🔮 Management Outlook & What's Next

Management has expressed a positive outlook on coastal and EXIM trade expansion, citing geopolitical shifts as catalysts for strategic rerouting and increased demand. SCI is actively investing in new vessel acquisitions — including VLGCs, methanol dual-fuel ships, MR tankers, and container ships — to modernize its fleet and enhance energy and liner service capabilities. Management emphasized that these investments are aligned with long-term trade growth trends and aim to strengthen competitive positioning in both domestic coastal and international shipping markets.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Transport Services

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
InterGlobe Aviation Limited	1.67 L Cr	27.4	—	—	—
Container Corporation of India Limited	39,513	30.1	—	—	—
Delhivery Limited	35,620	1640.5	—	—	—
The Great Eastern Shipping Company Limited	21,899	7.6	—	—	—
Shipping Corporation Of India Limited	15,437	16.0	—	—	—
Blue Dart Express Limited	12,032	43.8	—	—	—
Shadowfax Technologies Limited	11,005	—	—	—	—
BLACKBUCK LIMITED	9,653	25.4	—	—	—
Shreeji Shipping Global Limited	7,028	—	—	—	—
Transport Corporation of India Limited	6,836	17.3	—	—	—

🔗 Peer Stock Analyses

INDIGO CONCOR DELHIVERY GESHIP BLUEDART

⚠️ Risk Factors

1. Geopolitical tensions in the Middle East may disrupt vessel movements and increase operational uncertainty. 2. Ongoing government disinvestment of SCI could influence strategic direction and market perception. 3. Regulatory non-compliance penalties, though minor, indicate potential lapses in timely disclosures requiring closer governance oversight. 4. Leadership transitions in key technical roles may introduce short-term operational ambiguity.

📋 Recent Filings

🧠 Analyst's Read

Shipping Corporation of India is executing a disciplined growth strategy through fleet modernization and network expansion, underpinned by stable profitability and shareholder-friendly dividend policy. Investors should monitor the pace of vessel inductions, coastal network rollout, and resolution of governance matters, including independent director appointments and compliance with SEBI norms, as key near-term catalysts.

Based on filing content and financial data. Not a recommendation.

✨ Deep Dive with AI on SCI

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-06-16.