Is Shipping Corporation Of India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shipping Corporation Of India Ltd is a average quality company .

Is Shipping Corporation Of India undervalued or overvalued?

The key valuation ratios of Shipping Corporation Of India Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Shipping Corporation Of India share price return in the past 10 years?

Shipping Corporation Of India Ltd share price has appreciated 12.6% annually (CAGR) over the past ten years.

Is Shipping Corporation Of India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shipping Corporation Of India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Shipping Corporation Of India?

The latest standalone P/E ratio of Shipping Corporation Of India as of 21-Nov-2024 is 9.60.

What is the P/B ratio of Shipping Corporation Of India?

The latest standalone P/B ratio of Shipping Corporation Of India as of 21-Nov-2024 is 1.28.

What is the 52-week high and low of Shipping Corporation Of India?

The 52-week high of Shipping Corporation Of India is Rs. 384.80 and the 52-week low is Rs. 131.60.

Shipping Corporation Of India Ltd - Stock Valuation and Financial Performance

Name: Shipping Corporation Of India
Brand: Shipping Corporation Of India

BSE: 523598 | NSE: SCI | Shipping | Small Cap

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Shipping Corpn. Share Price

₹206.40 -4.20 -1.99%
as on 21-Nov'24 16:59

10 Year X-Ray of Shipping Corpn.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	3.3%	7.6%	2.9%	1.7%	2.3%	5.9%	6.3%	9.8%	10.4%	8%	-
Value Creation Index ⓘ	-0.8	-0.5	-0.8	-0.9	-0.8	-0.6	-0.6	-0.3	-0.2	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	4,186	4,050	3,447	3,469	3,873	4,425	3,703	4,988	5,794	5,046	5,718
Sales YoY Gr.	-	-3.3%	-14.9%	0.6%	11.6%	14.3%	-16.3%	34.7%	16.2%	-12.9%	-
Adj EPS ⓘ	2.7	15.8	2.9	4.8	-3.4	7.3	11.6	16.9	19.7	12.5	21.5
YoY Gr.	-	496.6%	-81.6%	64.3%	-170.3%	NA	59.2%	46.3%	16.1%	-36.5%	-
BVPS (₹) ⓘ	140.3	144.3	146.7	152.4	149.9	156.7	169.6	119.7	136.8	149.5	161.3
Adj Net Profit ⓘ	123	737	135	223	-157	339	539	789	916	582	1,001
Cash Flow from Ops. ⓘ	2,100	1,490	683	228	668	945	1,341	1,441	1,466	995	-
Debt/CF from Ops. ⓘ	3.3	3.9	8.1	24.5	7.9	5	2.7	2.2	1.8	2.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	2.1%	5.4%	10.9%	-12.9%
Adj EPS ⓘ	18.8%	NA	2.6%	-36.5%
BVPSⓘ	0.7%	-0.1%	-4.1%	9.3%
Share Price	12.6%	27.6%	14.5%	56.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	1.9	11.1	2	3.2	-2.2	4.7	7.1	11.7	15.3	8.7	13.8
Op. Profit Mgn % ⓘ	19.6	33.2	22.3	19.6	20.1	29.2	31.3	30.8	29.9	28.3	32.7
Net Profit Mgn % ⓘ	3	18.2	3.9	6.4	-4	7.7	14.6	15.8	15.8	11.5	17.5
Debt to Equity ⓘ	1.1	0.9	0.8	0.8	0.8	0.7	0.5	0.6	0.4	0.4	0.2
Working Cap Days ⓘ	220	143	166	177	175	166	191	151	162	214	107
Cash Conv. Cycle ⓘ	-12	-46	-48	-35	-40	-47	-33	-37	-39	-14	32

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.80%

Sales growth is growing at healthy rate in last 3 years 10.86%

Sales growth is good in last 4 quarters at 12.01%

Net Profit has been subdued in last 3 years 2.58%

Latest Financials - Shipping Corporation Of India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	21.5	22
TTM Sales (₹ Cr.)	5,718	5,718
BVPS (₹.) ⓘ	161.3	173.1
Reserves (₹ Cr.) ⓘ	7,047	7,595
P/BV ⓘ	1.28	1.19
PE ⓘ	9.60	9.38

From the Market
52 Week Low / High (₹)	131.60 / 384.80
All Time Low / High (₹)	7.87 / 384.80
Market Cap (₹ Cr.)	9,614
Equity (₹ Cr.)	465.8
Face Value (₹)	10
Industry PE ⓘ	8.6

Management X-Ray of Shipping Corpn.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Shipping Corpn.

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Dividend History

Analyst's Notes

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Key Ratios of Shipping Corpn.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	4,186	4,050	3,447	3,469	3,873	4,425	3,703	4,988	5,794	5,046
Operating Expenses ⓘ	3,378	2,706	2,678	2,798	3,160	3,283	2,544	3,456	4,236	3,622
Manufacturing Costs	2,644	1,988	2,087	2,134	2,471	2,487	1,908	2,724	3,301	2,726
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	412	485	416	484	445	474	471	482	474	499
Other Costs ⓘ	322	233	175	181	244	322	165	250	460	398
Operating Profit ⓘ	809	1,344	769	671	713	1,143	1,159	1,532	1,558	1,424
Operating Profit Margin (%)	19.3%	33.2%	22.3%	19.3%	18.4%	25.8%	31.3%	30.7%	26.9%	28.2%
Other Income ⓘ	418	183	156	149	232	243	211	98	113	216
Interest ⓘ	180	195	174	180	362	367	108	161	185	171
Depreciation ⓘ	770	542	566	610	658	671	628	635	753	889
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	276	789	186	29	-75	348	635	834	733	578
Tax ⓘ	75	36	43	-224	47	45	17	44	-67	-34
Profit After Tax	201	753	142	254	-122	302	618	790	800	612
PAT Margin (%)	4.8%	18.6%	4.1%	7.3%	-3.1%	6.8%	16.7%	15.8%	13.8%	12.1%
Adjusted EPS (₹)	4.3	16.2	3.1	5.5	-2.6	6.5	13.3	17.0	17.2	13.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	12%	2%	2%	3%	4%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	6,534	6,723	6,833	7,098	6,981	7,298	7,902	5,577	6,371	6,964
Share Capital ⓘ	466	466	466	466	466	466	466	466	466	466
Reserves ⓘ	6,068	6,258	6,367	6,632	6,515	6,832	7,436	5,111	5,906	6,498
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	5,605	4,556	4,052	4,581	4,114	3,664	3,086	2,576	1,914	1,834
Long Term Debt	5,570	4,556	3,078	3,307	2,527	1,677	2,664	2,146	1,659	1,566
Short Term Debt	35	0	974	1,274	1,587	1,986	423	430	255	269
Trade Payables	977	1,099	1,152	984	1,273	956	833	1,236	1,393	1,335
Others Liabilities ⓘ	1,813	2,338	2,451	1,706	1,787	1,816	1,316	1,072	1,233	1,390
Total Liabilities ⓘ	14,929	14,717	14,487	14,369	14,155	13,733	13,137	10,461	10,912	11,523
Fixed Assets
Gross Block	17,294	15,851	15,946	15,986	15,595	15,218	15,365	13,032	13,205	13,202
Accumulated Depreciation	5,850	4,024	4,535	4,638	4,476	4,565	5,190	5,408	5,802	6,198
Net Fixed Assetsⓘ	11,444	11,827	11,411	11,348	11,119	10,653	10,174	7,624	7,403	7,004
CWIP ⓘ	491	0	27	8	8	3	33	58	34	42
Investmentsⓘ	90	66	75	131	77	77	77	78	79	79
Inventories	92	86	115	117	160	131	88	175	150	174
Trade Receivables	788	682	659	663	599	606	630	637	1,018	1,410
Cash Equivalents	1,256	1,285	1,376	1,111	998	938	1,035	386	553	1,314
Others Assetsⓘ	767	771	825	991	1,194	1,325	1,100	1,503	1,674	1,499
Total Assets ⓘ	14,929	14,717	14,487	14,369	14,155	13,733	13,137	10,461	10,912	11,523

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	2,100	1,490	683	228	668	945	1,341	1,441	1,466	995
PBT ⓘ	290	789	186	29	-75	348	635	834	733	578
Adjustment ⓘ	597	540	606	610	810	937	569	774	920	963
Changes in Working Capital ⓘ	1303	243	-46	-321	-0	-233	166	-106	-137	-562
Tax Paid ⓘ	-77	-83	-64	-90	-66	-107	-30	-61	-50	16
Cash Flow From Investing Activity ⓘ	-253	-11	-86	-471	-66	319	-208	-731	-520	-560
Capex	-591	-514	-175	-470	-197	14	-196	-491	-476	-448
Net Investments	23	379	-25	-121	25	209	-114	-291	-123	-234
Others ⓘ	315	124	114	120	105	96	102	52	78	121
Cash Flow From Financing Activityⓘ	-1,609	-1,095	-522	-87	-743	-1,120	-1,154	-653	-930	103
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	-889	-1,327	-207	-829	-1,163	-676	-568	-606	271
Interest Paid ⓘ	-184	-171	-170	-180	-239	-223	-125	-66	-112	-156
Dividend Paid ⓘ	0	0	0	0	0	0	-35	-12	-15	-20
Others ⓘ	-1,425	-35	974	300	325	267	-318	-7	-197	9
Net Cash Flow ⓘ	237	384	74	-330	-141	144	-21	58	16	538

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	3.12	11.36	2.1	3.64	-1.73	4.23	8.13	11.72	13.39	9.18
ROCE (%)	3.27	7.59	2.89	1.68	2.3	5.88	6.29	9.8	10.37	7.97
Asset Turnover Ratio	0.27	0.27	0.24	0.24	0.27	0.32	0.28	0.42	0.54	0.45
PAT to CFO Conversion(x)	10.45	1.98	4.81	0.9	N/A	3.13	2.17	1.82	1.83	1.63
Working Capital Days
Receivable Days	81	66	71	70	59	50	61	46	52	88
Inventory Days	12	8	11	12	13	12	11	10	10	12
Payable Days	0	0	0	0	0	0	0	0	0	0

Shipping Corporation Of India Ltd Stock News

Shipping Corporation Of India Ltd FAQs

What is the share price of Shipping Corpn.?

Company share prices are keep on changing according to the market conditions. The closing price of Shipping Corpn. on 21-Nov-2024 16:59 is ₹206.4.

What is the market cap of Shipping Corpn.?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Shipping Corpn. stood at ₹9,614.1.

What is the P/E ratio of Shipping Corpn.?

The latest P/E ratio of Shipping Corpn. as of 21-Nov-2024 16:59 is 9.60.

What is the P/B ratio of Shipping Corpn.?

The latest P/B ratio of Shipping Corpn. as of 21-Nov-2024 16:59 is 1.28.

What is the 52-week high and low of Shipping Corpn.?

The 52-week high of Shipping Corpn. is ₹384.8 and the 52-week low is ₹131.6.

What is the TTM revenue of Shipping Corpn.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shipping Corpn. is ₹5,718 ( Cr.) .

About Shipping Corporation Of India Ltd

The Shipping Corporation of India was established on October 2nd, 1961, by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation. Starting out as a marginal Liner shipping Company with just 19 vessels, the SCI has today evolved into the largest Indian shipping Company. The SCI also has substantial interests in various segments of the shipping trade. SCI’s owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, Passenger-cum-Cargo vessels, Phosphoric Acid / Chemical carriers, LPG / Ammonia carriers and Offshore Supply Vessels. Sailing through for nearly five decades, the SCI today has a significant presence on the global maritime map. As the country’s premier shipping line, the SCI owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business; servicing both national and international trades.

In view of the demand from Indian trade, the SCI has diversified into a large number of areas. The SCI is today the only Indian shipping Company operating: break-bulk services, international container services, liquid/dry bulk services, offshore services, passenger services. In addition, the SCI mans and manages a large number of vessels on behalf of various government departments and organizations. The Government of India has conferred “Navratna” status to SCI on 01.08.2008 - enhanced autonomy and delegation of powers to the Company towards capital expenditure, formation of Joint Ventures, mergers, etc.

Business area of the company

The SCI possesses all the ingredients essential for emerging as a truly world class international shipping Company. The endeavour of the management is to facilitate the release of boundless energy and initiative streams, which will be channelled for the growth and prosperity of the Company and the nation.

Services

Tankers
Bulk Carriers
Container
Offshore
Break Bulk
Coastal & Passenger Services
Chartering
Lighterage
Dry Docking
Shipbuilding Consultancy

Awards

1993: Partnership-Cooperation-Growth
2005: Sign of Honour
2007: KEIC Export Credit Facility
2010: Sole Underwriter & Mandated Lead Arranger
2011: International Maritime Offshore Logistics
2011: Platinum Award
2011: The Tanker Operator Award
2011: The Education & Training Award
2011: The Corporate Social Responsibility Award
2012: Plaque of Appreciation
2012: Western India Regional Council Award
2012: BHP Award
2012: NIPM National Award for best HR Practices
2013: The Gateway Awards
2013: Charter Agreement
2013: Institute of Shipping
2013: Appreciation Award
2014: The Gateway Awards
2014: CMA CFO Award
2014: Maritime Training Institute of SCI, Mumbai
2014: Port Container Terminal Award
2014: Organization with Innovative HR Practices
2015: Samundra Manthan Award
2015: Most Influential CFOs of India Awards
2015: Samundra Manthan Award
2015: Samundra Manthan Award
2015: Cricket Match - Winner SCI vs CMT
2015: Silver Award
2015: Tennis Cricket Tournament Award
2016: 53rd National Martime Day
2016: Geological Survey of India
2016: O&M Contract Award
2016: 53rd National Martime Day
2016: CFO Award for Excellence
2016: GRE champion
2016: India CFO Award
2016: Most Influential CFOs of India Awards
2016: Institute of Public Enterprises - Women Super Achievers Award to Mrs. Sashikala Charles
2016: Most Compassionate Employer of Indian SEAFARERS Award
2016: 53rd National Martime Day
2016: 53rd National Martime Day
2017: India Seatrade Award
2017: Most Caring Award
2017: Guest of Honor Award
2018: Rolling Trophy for good governance
2018: Best Woman Employee
2018: Western India Regional Council Award
2018: India Maritime Awards
2018: India Maritime Award
2018: Cricket Match - Winner SCI vs CMT
2020: WISTA India Personality of the Year 2020 award - Mrs. H.K. Joshi, CMD, SCI
2020: Diversity & Equality Award - Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa
2020: SKOCH Award - Environment and Sustainability
2020: MaritimeSheEO2020-‘Best Practices in Diversity’
2020: TMSA- The Shipping Company of the Year
2020: Nautical Institute, London - Certificate of appreciation for Rescue Mission
2020: Nautical Institute, London - Crew Management during Pandemic -Certificate of Appreciation
2020: The National Union of Seafarers of India (NUSI)- highest number of women seafarers on Merchant Navy
2020: WIPS - Life Time Achievers Award, 2020 - Mrs. M.Shetty,CM
2020: WIPS - Best Enterprise Award
2020: CEO with HR Orientation - Mrs. H. K. Joshi, CMD-SCI
2020: World HRD Congress 2020

Milestones

1961: On October 2, The Shipping Corporation of India was incorporated by amalgamation of Eastern Shipping Corporation and Western Shipping Corporation as India’s first public sector company in shipping
1964: Diversified into crude oil transportation
1973: Jayanti Shipping Company merged with SCI
1975: Acquired the first Indian very large crude carrier (VLCC)
1975: SCI forms Irano Hind Shippping Company, a joint venture with the Islamic Republic of Iran Shipping Lines
1984: Diversified into offshore segment, acquired anchor handling cum towing supply vessels or Offshore supply Vessels (OSVs)
1986: Mogul Line Ltd. merged with SCI
1987: Set up its own Maritime Training Institute (MTI) in mumbai which is a regional training centre by UNCTAD
1987: MTI commissioned India’s first Global Maritime Distress Safety System (GMDSS) Laboratory
1991: Diversification into chemical tankers and cryogenic operations
1992: Disinvestment of 18.5% in favour of FIs, Mutual Funds, Banks and FIIs
1992: SCI’s scrip listed on major Indian Stock Exchanges
1993: Acquired Cellular Vessels to start Cellular Container Service
1994: Second divestment of 1.37% in favour of FIs, Mutual Funds and Banks
2000: Government of India Conferred ‘Mini Ratna’ status for enhancing the company’s Board powers for capital investment
2001: Diversified into LNG transportation through joint venture companies with consortium partners, Japanese Shipping Lines MOL, NYK and K-Line; Qatar Shipping Company, Qatar Gas Transport Company and Petronet LNG
2004: Completed International Ship & Port Facility Security Code (ISPS) certification of 70 ships well ahead of deadline
2005: Acquired the largest ship in India’s registry - Very Large Crude Carrier (VLCC) 316000 DWT
2005: First Indian Shipping company to cross the Rs. 1000 crore mark in Net Profit
2006: Crossed the Rs. 1000 crore mark in Net Orofit yet again
2006: ‘Excellent’ rating under MoU system consecutively for 16 years
2007: Rs. 1000 crore mark crossed in Net Profit for the third consecutive year
2007: Won the ‘Ship Owner Operator of the Year 2007’ Awards at the Sea Trade and Lloyds List ME&I Awards 2007
2007: Signed its biggest ever ship building order with Hyundai of Korea for 4 Aframax Crude Oil Tankers and 2 LR-II size Product Tankers
2008: ISO 9000 certification obtained
2008: Conferred ‘Navratna’ status by the Government of India
2008: Issued Bonus Shares in the ratio 1:2
2009: Commenced independent management of LNG tankers
2009: Awarded the ‘The Safest and Most Environmentally Conscious Indian Shipping Company’ on occasion of world Maritime Day 2009
2010: In November 2010, Further Public Offer (FPO) through 100% book building process, comprising of a ‘fresh issue’ of 42,345,365 equity shares and an ‘offer for sale’ (OFS) of 42,345,365 equity shares by the President of India. Post the disinvestment, the paid up capital increased to Rs.465.79 crore and the Government’s shareholding in SCI reduced from 80.12% to 63.75%.
2015: Compliance with Integrated Management System (IMS)for all ships and establishments (covering Environmental Management System, ISO 14001: 2004, Occupational Health and Safety Assessment System OHSAS 18001: 2007 and Quality Management System QMS 9001:2008) in December 2015.
2017: In April 2017, the then SCI’s total fleet strength of 70 vessels aggregating to 6.01mndwt. crossed the 6 mn dwt tonnage mark.
2018: SCI’s MPSV (multi purpsoe support vessel) “SCI Sabarmati” supports Indian Navy in sea trials of 1st DSRV(Deep Submergence Rescue Vehicle) of India.
2019: SCI expands horizon by entering into technical consultancy service to Govt. Dept. (A&N Administration) for disposal of vessel -m.v.'Akbar'
2019: Technical consultancy to SSNNL(Sardar sarovar Narmada Nigam Ltd.) for running ferry service at the world’s tallest statue- ‘Statue of Unity’.
2020: SCI recognized by the NUSI for employing the highest number of women seafarers in Merchant Navy