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Last Updated: April 2, 2026, 3:39 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523598 | NSE: SCI

Shipping Corporation of India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹150.35Overvalued by 34.91%vs CMP ₹231.00

P/E (9.5) × ROE (10.5%) × BV (₹183.00) × DY (2.85%)

₹214.64Fairly Valued by 7.08%vs CMP ₹231.00
MoS: -7.6% (Negative)Confidence: 48/100 (Moderate)Models: 3 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹158.6922%Over (-31.3%)
Graham NumberEarnings₹316.4516%Under (+37%)
Earnings PowerEarnings₹86.3613%Over (-62.6%)
DCFCash Flow₹276.3113%Under (+19.6%)
Net Asset ValueAssets₹182.847%Over (-20.8%)
EV/EBITDAEnterprise₹405.449%Under (+75.5%)
Earnings YieldEarnings₹243.207%Fair (+5.3%)
ROCE CapitalReturns₹120.947%Over (-47.6%)
Revenue MultipleRevenue₹120.155%Over (-48%)
Consensus (9 models)₹214.64100%Fairly Valued
Key Drivers: Wide model spread (₹86–₹405) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 5.5%

*Investments are subject to market risks

Investment Snapshot

60
Shipping Corporation of India Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 9.8% AverageROE 10.5% AverageD/E 0.37 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 2.45% (6mo) AccumulatingDII holding down 0.75% MF sellingPromoter holding at 63.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 30% Steady
Quarterly Momentum68/100 · Strong
Revenue (4Q): -2% YoY FlatProfit (4Q): +17% YoY PositiveOPM: 42.0% (up 15.0% YoY) Margin expansion
Industry Rank75/100 · Strong
P/E 9.5 vs industry 61.2 Cheaper than peersROCE 9.8% vs industry 7.9% Above peers3Y sales CAGR: 4% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:39 am

Market Cap 10,778 Cr.
Current Price 231
Intrinsic Value₹214.64
High / Low 280/143
Stock P/E9.51
Book Value 183
Dividend Yield2.85 %
ROCE9.81 %
ROE10.5 %
Face Value 10.0
PEG Ratio1.72

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Shipping Corporation of India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Shipping Corporation of India Ltd 10,778 Cr. 231 280/1439.51 1832.85 %9.81 %10.5 % 10.0
SEAMEC Ltd 3,668 Cr. 1,443 1,487/75319.2 4230.00 %8.60 %7.93 % 10.0
Great Eastern Shipping Company Ltd (GESHIP) 20,845 Cr. 1,460 1,509/8029.22 1,0662.03 %13.9 %14.1 % 10.0
Essar Shipping Ltd 481 Cr. 23.2 43.3/21.6 1150.00 %%% 10.0
Transworld Shipping Lines Ltd 290 Cr. 132 330/112 3501.13 %6.83 %5.71 % 10.0
Industry Average6,031.00 Cr478.5161.23313.700.86%7.88%9.36%10.00

All Competitor Stocks of Shipping Corporation of India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,4961,4181,2001,0931,3411,4131,5141,4511,3161,3251,3161,3391,612
Expenses 1,0279548378589241,0051,005918958961827932934
Operating Profit 469465363236417407510533357365489406678
OPM % 31%33%30%22%31%29%34%37%27%28%37%30%42%
Other Income 46555194251134943458815711169
Interest 38503556404040436439314748
Depreciation 195196197200251241220234255243250256271
Profit before tax 2822741827415123929829884171366214427
Tax % 6%-39%5%11%11%-29%2%2%10%-8%3%12%5%
Net Profit 2673801726613430729129176185354189405
EPS in Rs 5.728.163.681.412.886.606.266.261.623.977.604.068.69

Last Updated: March 3, 2026, 2:50 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 7:16 pm

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4,3114,0503,4473,4693,8734,4253,7034,9955,7945,0475,6065,592
Expenses 3,3962,6882,6672,7933,1603,2832,5443,4654,2373,6243,8413,654
Operating Profit 9161,3627806777131,1431,1591,5301,5571,4231,7651,938
OPM % 21%34%23%20%18%26%31%31%27%28%31%35%
Other Income 395193185196292277204175184283225425
Interest 23919517418036236722161185171187165
Depreciation 8015425666106586716286357538899511,019
Profit before tax 27081822682-163827139098036458521,179
Tax % 28%4%19%-273%304%12%2%5%-8%-5%1%
Net Profit 195782182306-633366968658706798441,133
EPS in Rs 4.1916.783.926.58-1.357.2214.9418.5718.6814.5818.1124.32
Dividend Payout % 0%0%0%0%0%10%2%2%2%3%36%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)301.03%-76.73%68.13%-120.59%633.33%107.14%24.28%0.58%-21.95%24.30%
Change in YoY Net Profit Growth (%)0.00%-377.75%144.86%-188.72%753.92%-526.19%-82.86%-23.70%-22.53%46.25%

Shipping Corporation of India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:5%
3 Years:4%
TTM:1%
Compounded Profit Growth
10 Years:23%
5 Years:27%
3 Years:-1%
TTM:13%
Stock Price CAGR
10 Years:16%
5 Years:37%
3 Years:33%
1 Year:-20%
Return on Equity
10 Years:7%
5 Years:11%
3 Years:11%
Last Year:11%

Last Updated: September 5, 2025, 1:26 pm

Balance Sheet

Last Updated: December 4, 2025, 1:58 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 466466466466466466466466466466466466
Reserves 6,0536,2726,4286,7696,7177,0187,7028,6316,4377,0747,8468,065
Borrowings 7,7395,8455,4925,5855,2774,7673,6793,2002,6052,9142,2282,811
Other Liabilities 1,5802,1482,1621,6861,8961,6681,5561,9561,9361,6461,1611,566
Total Liabilities 15,83914,73114,54914,50614,35713,91913,40314,25311,44312,10011,70112,908
Fixed Assets 12,28011,82711,41111,34811,11910,65310,1747,6257,4037,0046,7117,441
CWIP 56702788333583442423
Investments 7780136269279298354476611657826800
Other Assets 2,9152,8242,9752,8822,9512,9642,8416,0943,3954,3974,1594,644
Total Assets 15,83914,73114,54914,50614,35713,91913,40314,25311,44312,10011,70112,908

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2,1971,4906832287129451,3401,6441,465994850
Cash from Investing Activity + -308-11-86-4717324-206-1,079-501-573-316
Cash from Financing Activity + -1,675-1,095-522-87-866-1,120-1,154-653-930103-1,236
Net Cash Flow 21438474-329-146149-20-8834524-702
Free Cash Flow 1,538976508-2415949591,1441,151990546558
CFO/OP 248%116%96%47%109%92%118%111%97%69%48%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow909.00-4.00775.00672.00708.00-3.00-2.00-2.00-1.00-1.00-1.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 68617070565062476410278
Inventory Days
Days Payable
Cash Conversion Cycle 68617070565062476410278
Working Capital Days -161-143-290-236-264-255-115-66-41-4277
ROCE %7%3%2%2%5%6%10%11%8%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%
FIIs 3.23%2.89%3.23%3.27%4.66%4.56%5.61%4.79%4.68%6.14%6.49%7.13%
DIIs 7.01%7.01%6.97%7.99%7.87%8.69%3.64%3.63%3.16%2.57%2.58%2.41%
Public 26.01%26.36%26.05%24.98%23.74%23.01%27.00%27.83%28.41%27.55%27.19%26.72%
No. of Shareholders 1,75,1431,83,3392,09,1992,19,4633,04,5273,24,1564,41,5354,52,4814,60,8084,63,9654,47,5554,19,705

Shareholding Pattern Chart

No. of Shareholders

Shipping Corporation of India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
JM Flexicap Fund 1,302,967 0.67 34.33N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 18.1114.5818.6818.5814.94
Diluted EPS (Rs.) 18.1114.5818.6818.5814.94
Cash EPS (Rs.) 37.8832.2133.3330.6826.75
Book Value[Excl.RevalReserv]/Share (Rs.) 178.44161.86148.18195.29175.34
Book Value[Incl.RevalReserv]/Share (Rs.) 178.44161.86148.18195.29175.34
Revenue From Operations / Share (Rs.) 120.35108.34124.39107.2379.50
PBDIT / Share (Rs.) 42.0535.1735.8435.0027.56
PBIT / Share (Rs.) 21.6316.0719.6821.3614.07
PBT / Share (Rs.) 17.6312.4015.7217.9813.62
Net Profit / Share (Rs.) 17.4513.1217.1617.0413.26
NP After MI And SOA / Share (Rs.) 18.1114.5818.6818.5714.94
PBDIT Margin (%) 34.9432.4628.8132.6434.66
PBIT Margin (%) 17.9714.8315.8119.9117.70
PBT Margin (%) 14.6411.4412.6316.7617.13
Net Profit Margin (%) 14.5012.1113.7915.8916.68
NP After MI And SOA Margin (%) 15.0413.4515.0117.3218.79
Return on Networth / Equity (%) 10.149.0012.609.518.52
Return on Capital Employeed (%) 10.008.1510.598.775.97
Return On Assets (%) 7.205.617.606.075.19
Long Term Debt / Equity (X) 0.180.200.240.230.32
Total Debt / Equity (X) 0.230.380.370.340.37
Asset Turnover Ratio (%) 0.470.420.460.360.27
Current Ratio (X) 2.191.250.961.830.94
Quick Ratio (X) 2.081.190.901.770.91
Inventory Turnover Ratio (X) 30.560.000.000.000.00
Dividend Payout Ratio (NP) (%) 2.763.011.761.340.00
Dividend Payout Ratio (CP) (%) 1.291.300.940.770.00
Earning Retention Ratio (%) 97.2496.9998.2498.660.00
Cash Earning Retention Ratio (%) 98.7198.7099.0699.230.00
Interest Coverage Ratio (X) 10.519.569.0610.3460.80
Interest Coverage Ratio (Post Tax) (X) 5.364.575.346.0330.27
Enterprise Value (Cr.) 9048.1111302.636407.867134.057209.27
EV / Net Operating Revenue (X) 1.612.241.111.431.95
EV / EBITDA (X) 4.626.903.844.385.62
MarketCap / Net Operating Revenue (X) 1.371.930.751.071.39
Retention Ratios (%) 97.2396.9898.2398.650.00
Price / BV (X) 0.921.290.630.580.63
Price / Net Operating Revenue (X) 1.371.930.751.071.39
EarningsYield 0.100.060.190.160.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Shipping Corporation of India Ltd. is a Public Limited Listed company incorporated on 24/03/1950 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L63030MH1950GOI008033 and registration number is 008033. Currently Company is involved in the business activities of Sea and coastal freight water transport. Company's Total Operating Revenue is Rs. 5592.33 Cr. and Equity Capital is Rs. 465.80 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
ShippingShipping House, Mumbai Maharashtra 400021Contact not found
Management
NamePosition Held
Capt. B K TyagiChairman & Managing Director
Mr. Vikram DingleyDirector
Rear Adm. Jaswinder SinghDirector
Capt. Som RajDirector
Mr. Gulabbhai RohitIndependent Director
Mr. Satish Kumar ChawlaIndependent Director
Dr. Priya Sheel HadaIndependent Director
Mr. Rajesh Kumar SinhaGovernment Nominee Director
Mr. S VenkatesapathyGovernment Nominee Director

FAQ

What is the intrinsic value of Shipping Corporation of India Ltd and is it undervalued?

As of 14 April 2026, Shipping Corporation of India Ltd's intrinsic value is ₹214.64, which is 7.08% lower than the current market price of ₹231.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (10.5 %), book value (₹183), dividend yield (2.85 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Shipping Corporation of India Ltd?

Shipping Corporation of India Ltd is trading at ₹231.00 as of 14 April 2026, with a FY2026-2027 high of ₹280 and low of ₹143. The stock is currently in the middle of its 52-week range. Market cap stands at ₹10,778 Cr..

How does Shipping Corporation of India Ltd's P/E ratio compare to its industry?

Shipping Corporation of India Ltd has a P/E ratio of 9.51, which is below the industry average of 61.23. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Shipping Corporation of India Ltd financially healthy?

Key indicators for Shipping Corporation of India Ltd: ROCE of 9.81 % is on the lower side compared to the industry average of 7.88%. Dividend yield is 2.85 %.

Is Shipping Corporation of India Ltd profitable and how is the profit trend?

Shipping Corporation of India Ltd reported a net profit of ₹844 Cr in Mar 2025 on revenue of ₹5,606 Cr. Compared to ₹865 Cr in Mar 2022, the net profit shows a declining trend.

Does Shipping Corporation of India Ltd pay dividends?

Shipping Corporation of India Ltd has a dividend yield of 2.85 % at the current price of ₹231.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shipping Corporation of India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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