Why is Shipping Corporation of India Ltd ?
1
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.23 times
2
Positive results in Mar 26
- PAT(9M) Higher at Rs 998.73 Cr
- PBT LESS OI(Q) At Rs 269.05 cr has Grown at 34.1% (vs previous 4Q average)
3
With ROCE of 9.9, it has a Fair valuation with a 1.6 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 80.15%, its profits have risen by 60.4% ; the PEG ratio of the company is 0.2
- At the current price, the company has a high dividend yield of 3.9
4
Increasing Participation by Institutional Investors
- Institutional investors have increased their stake by 1.93% over the previous quarter and collectively hold 11.47% of the company
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors
5
Market Beating performance in long term as well as near term
- Along with generating 80.15% returns in the last 1 year, the stock has outperformed BSE500 in the last 3 years, 1 year and 3 months
How much should you hold?
- Overall Portfolio exposure to S C I should be less than 10%
- Overall Portfolio exposure to Transport Services should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Transport Services)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is S C I for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
S C I
80.1%
1.71
46.87%
Sensex
-8.36%
-0.64
13.04%
Quality key factors
Factor
Value
Sales Growth (5y)
9.31%
EBIT Growth (5y)
16.17%
EBIT to Interest (avg)
4.79
Debt to EBITDA (avg)
1.78
Net Debt to Equity (avg)
0.25
Sales to Capital Employed (avg)
0.49
Tax Ratio
4.91%
Dividend Payout Ratio
36.38%
Pledged Shares
0
Institutional Holding
11.47%
ROCE (avg)
7.61%
ROE (avg)
11.23%
Valuation Key Factors 
Factor
Value
P/E Ratio
12
Industry P/E
10
Price to Book Value
1.73
EV to EBIT
16.01
EV to EBITDA
8.22
EV to Capital Employed
1.58
EV to Sales
3.11
PEG Ratio
0.19
Dividend Yield
3.85%
ROCE (Latest)
9.89%
ROE (Latest)
14.87%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
Mildly Bullish
OBV
Bullish
Bullish
Technical Movement
13What is working for the Company
PAT(9M)
Higher at Rs 998.73 Cr
PBT LESS OI(Q)
At Rs 269.05 cr has Grown at 34.1% (vs previous 4Q average
-3What is not working for the Company
INTEREST(Latest six months)
At Rs 95.51 cr has Grown at 22.61%
NON-OPERATING INCOME(Q)
is 35.26 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is working for S C I
Profit After Tax (PAT) - Latest six months
At Rs 809.57 cr has Grown at 210.58%
Year on Year (YoY)MOJO Watch
PAT trend is very positive
PAT (Rs Cr)
Profit After Tax (PAT) - Latest six months
Higher at Rs 809.57 cr
than preceding 12 month period ended Mar 2026 of Rs 803.99 crMOJO Watch
In the half year the company has already crossed PAT of the previous twelve months
PAT (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 269.05 cr has Grown at 34.1% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 200.70 CrMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Here's what is not working for S C I
Interest - Latest six months
At Rs 95.51 cr has Grown at 22.61%
over previous Half yearly periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Non Operating Income - Quarterly
is 35.26 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT
Non Operating Income - Quarterly
Highest at Rs 146.54 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income






