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Swing Capital

Shipping Corporation of India Ltd

NSE: SCI BSE: 523598Logistics

Shipping Corporation of India Ltd (SCI) is a Logistics company listed on NSE: SCI | BSE: 523598. With a market cap of ₹16,054 Cr and ROCE of 14.8%, ROE of 16.3%, it operates in the Indian Logistics sector.

₹345
52W: ₹179 — ₹369
PE 12.1 · Book ₹182 · +90% vs book
Market Cap₹16,054 Cr
Stock P/E12.1Price to Earnings
ROCE14.8%Return on Capital
ROE16.3%Return on Equity
Div. Yield1.9%Face Value ₹10

Strengths

  • +Company has been maintaining a healthy dividend payout of 19.1%

Weaknesses

  • −The company has delivered a poor sales growth of 9.31% over past five years.
  • −Tax rate seems low
  • −Company has a low return on equity of 12.2% over last 3 years.
  • −Company might be capitalizing the interest cost
  • −Working capital days have increased from 60.4 days to 146 days

Shareholding Pattern

Promoters63.75%
FIIs8.98%
DIIs2.49%
Public24.79%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters63.75%63.75%63.75%63.75%63.75%63.75%63.75%63.75%
FIIs4.56%5.61%▲1.14.79%▼0.84.68%▼0.16.14%▲1.56.49%▲0.47.13%▲0.68.98%▲1.9
DIIs8.69%3.64%▼5.03.63%▼0.03.16%▼0.52.57%▼0.62.58%▲0.02.41%▼0.22.49%▲0.1
Public23.01%27%▲4.027.83%▲0.828.41%▲0.627.55%▼0.927.19%▼0.426.72%▼0.524.79%▼1.9

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,3411,4121,5141,4511,3031,3251,3161,3381,6111,513
Expenses9231,0051,004917945960826930931898
Operating Profit417407510534358365490409680614
OPM %31%29%34%37%27%28%37%31%42%41%
Net Profit13229228729065172343176393414
EPS ₹2.836.276.166.231.393.77.373.788.458.88

AI Insights

Revenue Trend

Mar 2026 revenue at ₹5,778Cr, up 3.3% YoY. OPM at 38%.

Debt Position

Borrowings at ₹2,679Cr. Debt-to-equity ratio: 0.33x. Healthy balance sheet.

Capex Cycle

CWIP at ₹5Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 2.49% (-4.52pp change). FIIs: 8.98% (+6.09pp change). Promoters hold 63.75%.

Margin & Efficiency

ROCE improving from 2% (Mar 2015) to 15% (Mar 2026). Working capital days: 146.

Valuation

PE 12.1x with 14.8% ROCE. Price is 90% above book value of ₹182. Dividend yield: 1.9%.

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