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Shipping Corporation of India Ltd logo

Shipping Corporation of India Ltd

NSE: SCI BSE: 523598

221.29

(2.46)%

Tue, 03 Feb 2026, 07:00 am

Analysis

dividend

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Pros

  • Dividends paid are thoroughly covered by earnings (9.6x coverage).
  • Shipping Corporation of India's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
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Cons

  • Dividends per share have fallen over the past 10 years.
  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Shipping Corporation of India's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

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Pros

  • Shipping Corporation of India is profitable, therefore cash runway is not a concern.
  • Shipping Corporation of India is profitable, therefore cash runway is not a concern.
  • Shipping Corporation of India's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (118% vs 66.2% today).
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Cons

  • Shipping Corporation of India's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Debt is not well covered by operating cash flow (19.1%, less than 20% of total debt).
  • Debt is not covered by short term assets, assets are 0.5x debt.
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
  • Shipping Corporation of India's level of debt (66.2%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • Harjeet's remuneration is lower than average for companies of similar size in India.
  • Harjeet's compensation has been consistent with company performance over the past year, both up more than 20%.
  • The tenure for the Shipping Corporation of India management team is about average.
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Cons

  • The average tenure for the Shipping Corporation of India board of directors is less than 3 years, this suggests a new board.

misc

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Pros

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    Cons

    • Shipping Corporation of India is not covered by any analysts.
    • Shipping Corporation of India has significant price volatility in the past 3 months.

    past

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    Pros

    • Shipping Corporation of India used its assets more efficiently than the Asia Shipping industry average last year based on Return on Assets.
    • Shipping Corporation of India has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
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    Cons

    • Shipping Corporation of India has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
    • Shipping Corporation of India's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
    • Shipping Corporation of India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • Shipping Corporation of India has become profitable in the last year making it difficult to compare the Asia Shipping industry average.

    value

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    Pros

    • Shipping Corporation of India's share price is below the future cash flow value, and at a moderate discount (> 20%).
    • Shipping Corporation of India's share price is below the future cash flow value, and at a substantial discount (> 40%).
    • Shipping Corporation of India is good value based on assets compared to the IN Shipping industry average.
    • Shipping Corporation of India is good value based on earnings compared to the Asia Shipping industry average.
    • Shipping Corporation of India is good value based on earnings compared to the India market.
    • 523598 outperformed the Shipping industry which returned 31% over the past year.
    • 523598 outperformed the Market in India which returned -14.5% over the past year.
    • BSE:523598 is up 14.8% outperforming the market in India which returned 8% over the past month.
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    Cons

    • BSE:523598 is up 14.8% underperforming the Shipping industry which returned 18.7% over the past month.

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    Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800