Shipping Corporation of India Limited (SCI) AI Stock Analysis

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Shipping Corporation of India Limited

(NSE:SCI)

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Rating:70Outperform

Price Target:INR 285.00▲(8.20% Upside)

Action:reiterated

Date:10/06/26

The score is driven primarily by strong FY2026 profitability and improving leverage, tempered by weakened cash-flow quality as free cash flow turned negative. Valuation is supportive with a low P/E and a moderate dividend yield, while technical signals are mixed due to negative MACD despite the price holding above key shorter-term averages.

Positive Factors

Profitability improvementThe sharp improvement in net and EBITDA margins indicates stronger operating performance and potential operating leverage across SCI’s shipping activities. If maintained, higher profitability can support fleet investment, debt reduction, and resilience through normal fluctuations in freight markets.

Negative Factors

Weak free cash flow conversionNegative free cash flow despite positive operating cash generation indicates that investment or working-capital requirements absorbed cash in the latest year. Persistent weakness in conversion could limit internally funded growth, increase financing needs, and make reported profits less dependable as a source of liquidity.

Shipping Corporation of India Limited (SCI) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 129.61B
Dividend Yield: 2.85%
Average Volume (3M): 190.70K
Price to Earnings (P/E): 7.6
Beta (1Y): 1.66
Revenue Growth: 37.13%
EPS Growth: 149.59%
Country: India
Employees: 1,443
Sector: General
Sector Strength: 55
Industry: Marine Shipping

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 divid...

How the Company Makes Money

SCI primarily makes money by earning freight and charter income from operating its vessels. Key revenue streams generally include: (1) Freight revenue from transporting cargo under contracts of carriage (for example, carrying goods for customers on S...

Shipping Corporation of India Limited Financial Statement Overview

Summary

Strong profitability momentum (net margin ~23% and EBITDA margin ~38% in FY2026) and improving leverage (debt-to-equity ~0.29). The main drag is cash-flow quality: free cash flow turned slightly negative in FY2026 despite positive operating cash flow, indicating weaker cash conversion and higher volatility.

Income Statement

78Positive

Balance Sheet

74Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	64.21B	57.80B	55.88B	50.32B	57.70B	49.31B
Gross Profit	21.52B	13.62B	10.21B	6.91B	11.12B	9.43B
EBITDA	30.06B	26.60B	19.70B	16.88B	16.76B	16.05B
Net Income	16.18B	13.53B	8.44B	6.79B	8.70B	8.61B
Balance Sheet
Total Assets	0	133.19B	117.01B	121.00B	114.43B	108.59B
Cash, Cash Equivalents and Short-Term Investments	4.35B	4.35B	7.57B	11.89B	7.05B	5.94B
Total Debt	0	26.79B	22.28B	29.14B	26.05B	32.00B
Total Liabilities	-90.96B	42.22B	33.89B	45.60B	45.41B	48.85B
Stockholders Equity	90.96B	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

Technical Analysis SentimentNeutral

Last Price263.40

Price Trends

50DMA275.25Negative

100DMA284.27Negative

200DMA274.56Negative

Market Momentum

MACD-5.56Negative

RSI48.71Neutral

STOCH79.04Neutral

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 263.40 is below the 20-day moving average (MA) of 264.50, below the 50-day MA of 275.25, and below the 200-day MA of 274.56, indicating a bearish trend. The MACD of -5.56 indicates Negative momentum. The RSI at 48.71 is Neutral, neither overbought nor oversold. The STOCH value of 79.04 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SCI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GESHIP	76Outperform	INR 224.67B	5.56	―	2.90%	23.87%	83.96%
IN:SCI	70Outperform	INR 124.88B	7.58	―	2.85%	37.13%	149.59%
IN:ALLCARGO	62Neutral	INR 14.45B	29.98	―	―	-82.83%	―
IN:GATEWAY	62Neutral	INR 23.19B	10.07	―	6.86%	8.19%	-39.61%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TRANSWORLD	55Neutral	INR 3.55B	-10.66	―	0.93%	4.06%	-243.21%
IN:ESSARSHPNG	44Neutral	INR 3.52B	3.88	―	―	―	20.10%

* General Sector Average

Performance Comparison

IN:SCI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SCI	Shipping Corporation of India Limited	263.40	4.34	1.68%
IN:ALLCARGO	Allcargo Logistics Limited	10.11	-2.78	-21.57%
IN:ESSARSHPNG	Essar Shipping Limited.	17.01	-19.03	-52.80%
IN:GATEWAY	Gateway Distriparks Limited	47.36	-11.13	-19.03%
IN:GESHIP	Great Eastern Shipping Co. Ltd.	1456.15	404.75	38.50%
IN:TRANSWORLD	Transworld Shipping Lines Ltd	165.00	-77.60	-31.99%

Shipping Corporation of India Limited Corporate Events

Shipping Corporation of India Files SEBI Demat Compliance Certificate for Q2 FY2026

Oct 8, 2026

Shipping Corporation of India Limited has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September 2026, as confirmed by its registrar and share transfe...

Shipping Corporation of India Names Bharati Raman Gotarna Independent Director

Aug 20, 2026

Shipping Corporation of India Limited has announced that Bharati Raman Gotarna has been appointed as a Non-Executive Independent Director on its board, effective August 19, 2026, following completion of statutory requirements including Director Ident...

Shipping Corporation of India Sets September 23, 2026 AGM and Final Dividend Timeline

Aug 13, 2026

Shipping Corporation of India has scheduled its 76th Annual General Meeting for Wednesday, 23 September 2026 at 12:00 hours IST, to be conducted via video conferencing and other audio-visual means, in line with regulatory requirements. The company ha...

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.

Date of analysis: Oct 06, 2026

Shipping Corporation of India Limited AI Stock Analysis