Shipping Corporation of India Ltd.

NSE: SCI BSE: 523598

shipindia.com Sector · Shipping Industry · Marine Transport Promoter · Govt. of India

India's largest national shipping line. Operates Bulk Carriers, Crude / Product Tankers, Container Vessels, LPG / Ammonia Carriers and Offshore Supply vessels — owning roughly one-third of Indian tonnage.

Live Price · NSE

₹288.29

−4.30 · −1.47%

As of 24 Apr 2026 · 15:54 IST · Vol 1.42M

52W LOW · 158HIGH · 323

Market Cap

13,429Cr

Enterprise Value

15,253Cr

P / E (TTM)

11.8x

EV / EBITDA

6.59x

P / BV

1.50x

ROCE (FY25)

10.0%

Debt / Equity

0.30x

Div Yield

1.45%

Operating Performance Consolidated

Valuation Summary

P / E11.80x ▼ vs 14.2x sector

P / BV1.50x

EV / EBITDA6.59x

EV / Sales2.74x

Price / Sales2.41x

PEG0.84

Gross Margin100.0% ▲ 71 bps

EBITDA Margin34.66%

Net Margin22.10%

ROCE10.00%

ROE12.74%

CCC Days— N/A

Shareholding · Mar 2026

Interim Results — Quarterly

Line Item	Sep 22	Dec 22	Mar 23	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25
Net Sales+	1,417	1,496	1,418	1,200	1,093	1,341	1,413	1,514	1,451	1,316	1,325	1,316	1,339	1,612
Trend · Net Sales
YoY Growth	—	—	—	—	−22.9%	−10.4%	−0.4%	+26.2%	+32.7%	−1.9%	−6.2%	−13.1%	−7.7%	+22.5%
Cost of Goods Sold	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit	1,417	1,496	1,418	1,200	1,093	1,341	1,413	1,514	1,451	1,316	1,325	1,316	1,339	1,612
Gross Profit Margin (%)	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%
Employee Expense	111	110	160	107	116	135	145	119	123	163	163	127	132	154
% of Sales	7.8%	7.4%	11.3%	8.9%	10.6%	10.1%	10.3%	7.9%	8.5%	12.4%	12.3%	9.6%	9.9%	9.6%
Other Expenditure	983	917	793	731	741	789	860	885	795	795	797	700	800	779
% of Sales	69%	61%	56%	61%	68%	59%	61%	58%	55%	60%	60%	53%	60%	48%
Operating Profit (Ex OI)+	324	469	465	363	236	417	407	510	533	357	365	489	406	678
Trend · Operating Profit (Ex OI)
OPM %	22.9%	31.4%	32.8%	30.3%	21.6%	31.1%	28.8%	33.7%	36.7%	27.1%	27.5%	37.2%	30.3%	42.1%
Depreciation	190	195	196	197	200	251	241	220	234	255	243	250	256	271
EBIT	133	274	269	166	35	166	166	290	299	102	122	239	151	407
Interest	47	38	50	35	56	40	40	40	43	64	39	31	47	48
Other Income	39	46	55	51	94	25	113	49	43	45	88	157	111	69
PBT	125	282	274	182	73	151	239	299	299	83	171	365	215	428
Tax	33	71	71	47	20	40	62	76	78	22	43	92	54	108
Net Profit+	92	211	203	135	53	111	177	223	221	61	128	273	161	320
Trend · Net Profit
EPS (₹)	1.97	4.53	4.36	2.90	1.14	2.38	3.80	4.79	4.74	1.31	2.75	5.86	3.46	6.87

Peer Comparison · Indian Maritime & Shipyards

#	Company	CMP (₹)	Mkt Cap (Cr)	P/E	P/BV	EV/EBITDA	ROCE	ROE	OPM	D/E	Sales TTM	1Y Return
1	SCI Shipping Corp of India NSE: SCI	288.29	13,429	11.80	1.50	6.59	10.00%	12.74%	34.7%	0.30	5,569	+18.6%
2	GES Great Eastern Shipping NSE: GESHIP	1,142.50	16,308	5.90	1.10	3.85	22.40%	19.80%	57.1%	0.42	5,840	+14.2%
3	MZD Mazagon Dock Shipbuilders NSE: MAZDOCK	4,238.10	85,470	42.30	10.20	27.40	38.70%	34.20%	14.8%	0.01	9,467	+58.3%
4	CSL Cochin Shipyard NSE: COCHINSHIP	1,608.40	42,196	38.50	7.80	23.10	21.40%	18.90%	15.6%	0.04	4,275	+72.9%
5	GRS Garden Reach Shipbuilders NSE: GRSE	1,820.65	20,838	52.10	9.40	34.20	17.20%	19.80%	9.4%	0.00	3,852	+44.5%
6	SMC Seamec Ltd. NSE: SEAMECLTD	1,058.20	2,693	14.20	1.60	7.10	11.80%	10.40%	32.5%	0.18	578	−5.2%
7	ESS Essar Shipping NSE: ESSARSHPNG	34.20	706	—	—	—	−2.40%	N/A	−6.1%	2.40	240	−12.7%
Industry Median		—	—	14.20	1.60	7.10	17.20%	18.90%	15.6%	0.18	—	+18.6%