Shipping Corporation of India
- Market cap
- ₹ 11,084 Cr.
- P/E
- 7x
- P/B
- 1.29x
- 52-week range
- 195.55 – 368.75
- ROE
- 16%
- ROCE
- 14%
- Dividend yield
- 3%
- Debt / equity
- 0.29
- Sector
- Transport Services
- Industry
- Shipping
- Listed on
- NSE, BSE
About
Shipping Corporation of India Limited is an India-based shipping company. The Company is involved in business of transporting goods. It operates through four segments: Liner, Bulk, Tanker, and Technical & Offshore services. The Liner segment includes break-bulk and container transport. The Bulk Carriers segment includes dry bulk carriers and managed vessels. The Tankers segment includes crude and product carriers, gas carriers. The Technical & Offshore segment includes the Company owned offshore vessels, offshore vessels managed on behalf of other organizations and income from technical consultancy. Its services include tankers, bulk carriers, container, offshore, break bulk, coastal and passenger services, chartering, lighterage, and others. Its owned fleet includes bulk carriers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo vessels, liquified petroleum gas (LPG)/ liquified natural gas (LNG) carriers and offshore supply vessels.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Shipping: 14 companies →Shipping Corporation of India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)7 against a typical 10.8: cheaper than most peers (1st = cheapest).4th of 13
- Sales growth+40.3% against a typical +35.1% from a year earlier.5th of 10
- Profit growth+74.9% against a typical +101.7% from a year earlier.4th of 6
- Share price, 3 months−11.7% against a typical −5.1%.8th of 13
- Size₹ 11,083.7 Cr. market value against a typical ₹ 303.8 Cr. (1st = largest).3rd of 13
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by Acuite- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Acuite | ACUITE AA+ | Positive | 15 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 15 Sep 2026 | ▲ Outlook raised | ACUITE AA+ Outlook Stable → Positive | — | Acuite | ₹ 7,500 Cr. | |
| 16 Jan 2026 | Reaffirmed | ACUITE AA+ | — | Acuite | ₹ 7,500 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 6 Aug 2026 | Financial Results | To consider and approve the Unaudited Standalone and Consolidated financial results for the period ended Jun 30, 2026 |
| 8 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and Recommendation of Final Dividend for FY 2025-26, if any |
| 6 Feb 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025 and consideration of Interim Dividend, if any. |
| 7 Nov 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2025 and consideration of Interim Dividend,if any |
| 8 Aug 2025 | Financial Results | To consider and approve the Unaudited financial results for the period ended Jun 30, 2025 |
| 16 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and Recommendation of Final dividend for FY 2024-25, if any. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,093 | 1,341 | 1,413 | 1,514 | 1,451 | 1,316 | 1,325 | 1,316 | 1,339 | 1,612 | 1,513 | 1,847 |
| Expenses | 858 | 924 | 1,005 | 1,005 | 918 | 958 | 961 | 827 | 932 | 934 | 910 | 1,009 |
| Operating Profit | 236 | 417 | 407 | 510 | 533 | 357 | 365 | 489 | 406 | 678 | 603 | 837 |
| OPM % | 22% | 31% | 29% | 34% | 37% | 27% | 28% | 37% | 30% | 42% | 40% | 45% |
| Other Income | 94 | 25 | 113 | 49 | 43 | 45 | 88 | 157 | 111 | 69 | 147 | 110 |
| Interest | 56 | 40 | 40 | 40 | 43 | 64 | 39 | 31 | 47 | 48 | 47 | 37 |
| Depreciation | 200 | 251 | 241 | 220 | 234 | 255 | 243 | 250 | 256 | 271 | 287 | 282 |
| Profit before tax | 74 | 151 | 239 | 298 | 298 | 84 | 171 | 366 | 214 | 427 | 416 | 628 |
| Tax % | 11% | 11% | −29% | 2% | 2% | 10% | −8% | 3% | 12% | 5% | 3% | 1% |
| Net Profit | 66 | 134 | 307 | 291 | 291 | 76 | 185 | 354 | 189 | 405 | 405 | 619 |
| EPS in Rs | 1.41 | 2.88 | 6.6 | 6.26 | 6.26 | 1.62 | 3.97 | 7.6 | 4.06 | 8.69 | 8.69 | 13.3 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 4%
- 5 Years
- 9%
- 3 Years
- 0%
- TTM
- 17%
- 10 Years
- 6%
- 5 Years
- 14%
- 3 Years
- 16%
- TTM
- 79%
- 10 Years
- 19%
- 5 Years
- 31%
- 3 Years
- 35%
- TTM
- —
- 10 Years
- 8%
- 5 Years
- 11%
- 3 Years
- 12%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Shipping Corporation of India | ₹ 246.00 | ₹ 11,084 Cr. | 7x | 1.3x | 16% | — |
| Mazagon Dock Shipbuilders | ₹ 1,862.00 | ₹ 75,109 Cr. | 36.6x | 9.7x | 31.2% | 20% |
| Cochin Shipyard | ₹ 1,143.00 | ₹ 30,070 Cr. | 51.5x | 6.3x | 12.5% | 14.3% |
| Great Eastern Shipping Company | ₹ 1,490.00 | ₹ 21,898 Cr. | 7.7x | 1.1x | 18.9% | 54.4% |
| Swan Defence and Heavy Industries | ₹ 2,696.90 | ₹ 14,208 Cr. | — | 168.7x | −123.9% | −80.2% |
| Seamec | ₹ 1,538.50 | ₹ 3,926 Cr. | 14x | 2.7x | 21.8% | 26.6% |
Management
- Binesh Kumar Tyagi
- Executive Chairman of the Board, Managing Director
- Charusheela L. Golapalli
- Chief Financial Officer
- Nitin Khamesra
- Director (Finance)
- Swapnita Vikas Yadav
- Company Secretary, Compliance Officer
- Chandran Durai Daniel
- Director (Bulk Carrier and Tanker Division)
- Som Raj
- Director - Personnel and Administration
- Jaswinder Singh
- Director (Liner and Passenger Services) and Additional Director (Technical and Offshore Services)
Prices are delayed and for information only. Nothing on this page is investment advice.