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Shipping Corporation of India Limited
(SCI)
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Rating:70Outperform
Price Target:
₹320.00
▲(7.15% 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
Stronger profitability
The sharp improvement in net and EBITDA margins indicates stronger operating performance and earnings capacity. If retained over the next several quarters, higher margins can support reinvestment, debt reduction, and resilience against normal fluctuations in shipping revenue.
Negative Factors
Negative free cash flow
The shift to negative free cash flow, despite positive operating cash flow of about 15.2B, signals weaker cash conversion in the latest year. Continued investment or working-capital demands could limit internally funded growth and make liquidity more dependent on operating volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger profitability
The sharp improvement in net and EBITDA margins indicates stronger operating performance and earnings capacity. If retained over the next several quarters, higher margins can support reinvestment, debt reduction, and resilience against normal fluctuations in shipping revenue.
Read all positive factors
Shipping Corporation of India Limited (SCI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹134.41B
Dividend Yield2.63%
Average Volume (3M)182.15K
Price to Earnings (P/E)8.2
Beta (1Y)1.68
Revenue Growth16.69%
EPS Growth78.54%
CountryIN
Employees1,443
SectorGeneral
Sector StrengthN/A
IndustryMarine Shipping
Share Statistics
EPS (TTM)34.74
Shares Outstanding465,799,000
10 Day Avg. Volume231,564
30 Day Avg. Volume182,149
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 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 o...
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 | 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 | 0.00 | 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 | 0.00 | 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
Positive
298.65
Price Trends
286.17
Negative
292.69
Negative
269.90
Positive
Market Momentum
-1.32
Negative
53.44
Neutral
83.78
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SCI, the sentiment is Positive. The current price of 298.65 is above the 20-day moving average (MA) of 278.10, above the 50-day MA of 286.17, and above the 200-day MA of 269.90, indicating a neutral trend. The MACD of -1.32 indicates Negative momentum. The RSI at 53.44 is Neutral, neither overbought nor oversold. The STOCH value of 83.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹218.89B | 5.97 | ― | 2.70% | 23.87% | 83.96% | |
70 Outperform | ₹134.41B | 8.21 | ― | 2.63% | 16.69% | 78.54% | |
68 Neutral | ₹25.46B | 10.54 | ― | 6.29% | 17.72% | -36.14% | |
57 Neutral | ₹15.70B | 58.44 | ― | 3.82% | -86.94% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹3.36B | -9.88 | ― | 0.98% | 4.06% | -243.21% | |
50 Neutral | ₹3.45B | 3.79 | ― | ― | -98.62% | -87.40% |
* General Sector Average
IN:SCI
Shipping Corporation of India Limited
285.05
73.62
34.82%
IN:ALLCARGO
Allcargo Logistics Limited
10.31
-1.06
-9.32%
IN:ESSARSHPNG
Essar Shipping Limited.
16.64
-17.12
-50.71%
IN:GATEWAY
Gateway Distriparks Limited
51.62
-7.83
-13.17%
IN:GESHIP
Great Eastern Shipping Co. Ltd.
1,566.50
558.97
55.48%
IN:TRANSWORLD
Transworld Shipping Lines Ltd
157.00
-93.80
-37.40%
Shipping Corporation of India Limited Corporate Events
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 Id...
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...
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.