company background image
SCI

Shipping Corporation of IndiaNSEI:SCI Stock Report

Last Price

₹125.90

Market Cap

₹58.0b

7D

-9.6%

1Y

49.3%

Updated

23 Jan, 2022

Data

Company Financials
SCI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends1/6

SCI Stock Overview

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

Rewards

Trading at 70.8% below our estimate of its fair value

Risk Analysis

No risks detected for SCI from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Shipping Corporation of India
Historical stock prices
Current Share Price₹125.90
52 Week High₹160.20
52 Week Low₹82.30
Beta0.88
1 Month Change-7.49%
3 Month Change-3.04%
1 Year Change49.35%
3 Year Change199.41%
5 Year Change87.49%
Change since IPO247.16%

Recent News & Updates

Dec 21
Returns On Capital At Shipping Corporation of India (NSE:SCI) Have Hit The Brakes

Returns On Capital At Shipping Corporation of India (NSE:SCI) Have Hit The Brakes

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Nov 23
Here's Why Shipping Corporation of India (NSE:SCI) Can Manage Its Debt Responsibly

Here's Why Shipping Corporation of India (NSE:SCI) Can Manage Its Debt Responsibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

SCIIN ShippingIN Market
7D-9.6%-7.1%-3.4%
1Y49.3%71.1%32.6%

Return vs Industry: SCI underperformed the Indian Shipping industry which returned 71.1% over the past year.

Return vs Market: SCI exceeded the Indian Market which returned 32.6% over the past year.

Price Volatility

Is SCI's price volatile compared to industry and market?
SCI volatility
SCI Average Weekly Movement5.4%
Shipping Industry Average Movement8.3%
Market Average Movement6.8%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.0%

Stable Share Price: SCI is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SCI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1950596Harjeet Joshihttps://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?
SCI fundamental statistics
Market Cap₹58.02b
Earnings (TTM)₹6.19b
Revenue (TTM)₹39.66b

9.4x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SCI income statement (TTM)
Revenue₹39.66b
Cost of Revenue₹27.18b
Gross Profit₹12.48b
Expenses₹6.29b
Earnings₹6.19b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)13.29
Gross Margin31.47%
Net Profit Margin15.60%
Debt/Equity Ratio39.6%

How did SCI perform over the long term?

See historical performance and comparison

Dividends

0.2%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SCI (₹125.9) is trading below our estimate of fair value (₹430.86)

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


Price To Earnings Ratio

PE vs Industry: SCI is good value based on its PE Ratio (9.4x) compared to the Indian Shipping industry average (15.7x).

PE vs Market: SCI is good value based on its PE Ratio (9.4x) compared to the Indian market (23x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SCI is good value based on its PB Ratio (0.7x) compared to the IN Shipping industry average (2.8x).


Future Growth

How is Shipping Corporation of India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-21.8%

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?

35.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCI has high quality earnings.

Growing Profit Margin: SCI's current net profit margins (15.6%) are lower than last year (19.6%).


Past Earnings Growth Analysis

Earnings Trend: SCI's earnings have grown significantly by 35% per year over the past 5 years.

Accelerating Growth: SCI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SCI had negative earnings growth (-30.1%) over the past year, making it difficult to compare to the Shipping industry average (80.2%).


Return on Equity

High ROE: SCI's Return on Equity (7.2%) is considered low.


Financial Health

How is Shipping Corporation of India's financial position?


Financial Position Analysis

Short Term Liabilities: SCI's short term assets (₹26.9B) exceed its short term liabilities (₹25.8B).

Long Term Liabilities: SCI's short term assets (₹26.9B) exceed its long term liabilities (₹25.6B).


Debt to Equity History and Analysis

Debt Level: SCI's net debt to equity ratio (19.7%) is considered satisfactory.

Reducing Debt: SCI's debt to equity ratio has reduced from 83.1% to 39.6% over the past 5 years.

Debt Coverage: SCI's debt is well covered by operating cash flow (38%).

Interest Coverage: SCI earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

0.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SCI's dividend (0.2%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.3%).

High Dividend: SCI's dividend (0.2%) is low compared to the top 25% of dividend payers in the Indian market (1.34%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (1.9%), SCI's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Harjeet Joshi (59 yo)

2.33yrs

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 ($USD70.83K) is below average for companies of similar size in the Indian market ($USD350.94K).

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


Leadership Team

Experienced Management: SCI's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: SCI's board of directors are not considered experienced ( 1 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.


Top Shareholders

Company Information

The Shipping Corporation of India Limited's employee growth, exchange listings and data sources


Key Information

  • Name: The Shipping Corporation of India Limited
  • Ticker: SCI
  • Exchange: NSEI
  • Founded: 1950
  • Industry: Marine
  • Sector: Transportation
  • Implied Market Cap: ₹58.015b
  • Shares outstanding: 465.80m
  • Website: https://www.shipindia.com

Number of Employees


Location

  • The Shipping Corporation of India Limited
  • Shipping House
  • 245, Madame Cama Road
  • Mumbai
  • Maharashtra
  • 400021
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 12:04
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.