Shipping Corporation of India (BSE:523598) - Share price, News & Analysis

523598 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	2/6

523598 Stock Overview

The Shipping Corporation of India Limited provides shipping services in India, Singapore, and internationally.

Rewards

Trading at 77.1% below our estimate of its fair value

Earnings have grown 33.9% per year over the past 5 years

Risk Analysis

No risks detected for 523598 from our risk checks.

Shipping Corporation of India Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shipping Corporation of India
Historical stock prices
Current Share Price	₹121.40
52 Week High	₹160.20
52 Week Low	₹93.10
Beta	0.84
1 Month Change	-9.00%
3 Month Change	3.76%
1 Year Change	6.31%
3 Year Change	265.66%
5 Year Change	67.45%
Change since IPO	462.91%

Shareholder Returns

	523598	IN Shipping	IN Market
7D	7.9%	8.6%	3.4%
1Y	6.3%	19.4%	9.6%

Return vs Industry: 523598 underperformed the Indian Shipping industry which returned 19.4% over the past year.

Return vs Market: 523598 underperformed the Indian Market which returned 9.6% over the past year.

Price Volatility

Is 523598's price volatile compared to industry and market?
523598 volatility
523598 Average Weekly Movement	7.9%
Shipping Industry Average Movement	8.1%
Market Average Movement	7.3%
10% most volatile stocks in IN Market	10.0%
10% least volatile stocks in IN Market	4.8%

Stable Share Price: 523598 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 523598's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1950	596	Harjeet Joshi	https://www.shipindia.com

The Shipping Corporation of India Limited provides shipping services in India, Singapore, and internationally. It operates through Liner, Bulk, Tanker, Technical & Offshore, and Others segments. The company’s fleet comprises bulk carriers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo vessels, LPG carriers, and offshore supply vessels.

Shipping Corporation of India Fundamentals Summary

How do Shipping Corporation of India's earnings and revenue compare to its market cap?
523598 fundamental statistics
Market Cap	₹56.55b
Earnings (TTM)	₹8.65b
Revenue (TTM)	₹49.95b

6.5x

P/E Ratio

1.1x

P/S Ratio

Is 523598 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
523598 income statement (TTM)
Revenue	₹49.95b
Cost of Revenue	₹33.87b
Gross Profit	₹16.08b
Other Expenses	₹7.43b
Earnings	₹8.65b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	18.57
Gross Margin	32.19%
Net Profit Margin	17.32%
Debt/Equity Ratio	34.9%

How did 523598 perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

2%

Payout Ratio

Valuation

Is Shipping Corporation of India undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 523598 (₹121.4) is trading below our estimate of fair value (₹529.28)

Significantly Below Fair Value: 523598 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 523598 is good value based on its PE Ratio (6.5x) compared to the Indian Shipping industry average (9.1x).

PE vs Market: 523598 is good value based on its PE Ratio (6.5x) compared to the Indian market (20.5x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 523598's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 523598 is good value based on its PB Ratio (0.6x) compared to the IN Shipping industry average (2.5x).

Future Growth

How is Shipping Corporation of India forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-37.7%

Forecasted Transportation industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shipping Corporation of India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Shipping Corporation of India performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

33.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 523598 has high quality earnings.

Growing Profit Margin: 523598's current net profit margins (17.3%) are lower than last year (18.8%).

Past Earnings Growth Analysis

Earnings Trend: 523598's earnings have grown significantly by 33.9% per year over the past 5 years.

Accelerating Growth: 523598's earnings growth over the past year (24.3%) is below its 5-year average (33.9% per year).

Earnings vs Industry: 523598 earnings growth over the past year (24.3%) underperformed the Shipping industry 154.1%.

Return on Equity

High ROE: 523598's Return on Equity (9.5%) is considered low.

Financial Health

How is Shipping Corporation of India's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 523598's short term assets (₹53.4B) exceed its short term liabilities (₹29.2B).

Long Term Liabilities: 523598's short term assets (₹53.4B) exceed its long term liabilities (₹22.4B).

Debt to Equity History and Analysis

Debt Level: 523598's net debt to equity ratio (19.5%) is considered satisfactory.

Reducing Debt: 523598's debt to equity ratio has reduced from 79.7% to 34.9% over the past 5 years.

Debt Coverage: 523598's debt is well covered by operating cash flow (51.7%).

Interest Coverage: 523598's interest payments on its debt are well covered by EBIT (3.6x coverage).

Balance Sheet

Dividend

What is Shipping Corporation of India current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.27%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 523598's dividend (0.27%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: 523598's dividend (0.27%) is low compared to the top 25% of dividend payers in the Indian market (1.59%).

Stability and Growth of Payments

Stable Dividend: 523598's dividend payments have been volatile in the past 10 years.

Growing Dividend: 523598's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (1.8%), 523598's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (1.3%), 523598's dividend payments are thoroughly covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure

CEO

Harjeet Joshi (59 yo)

2.67yrs

Tenure

₹5,263,855

Compensation

Mrs. Harjeet Kaur Joshi has been Chairman and Managing Director of The Shipping Corporation of India Limited since September 12, 2019 and its Director of Finance since February 05, 2015. She also served as...

CEO Compensation Analysis

Compensation vs Market: Harjeet's total compensation ($USD67.65K) is below average for companies of similar size in the Indian market ($USD344.63K).

Compensation vs Earnings: Harjeet's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: 523598's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Experienced Board: 523598's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31