Shipping Corporation of India Share Price

1. For the quarter ended on June 30, 2018, the Shipping Corporation of India Limited reported its total income to be at Rs.915.1 crore - a growth of a little over 10% in the revenues reported for the same period last year. However, with respect to the March quarter, the company's revenues have declined by close to 35%.
2. However, owing to a significant increase in the expenditure for the June quarter, SCI Limited reported a loss before tax of Rs.189.9 crore. The same figure for the quarter ended on March 31, 2018, was reported to be at a loss of Rs.23.8 crore.
3. After taxation, the company stood at a net loss of Rs.205.9 crore, as against a net loss of Rs.6.72 crore for the same period last year.

Shipping Corporation of India Limited Stock Trends in 2018

1. On January 2, 2018, the opening Shipping Corporation of India Limited share price was Rs.94.95 on the NSE. Over the course of the month, the shares dropped close to 15% to descend on to the levels close to Rs.80.
2. The scrip continued to go down in the month of February as well, driven by turbulence in the international markets. The closing price of the Shipping Corporation of India Limited shares on February 28 was Rs.71.65. Through the course of March and April, the stock price found some stability at levels close to Rs.70. The scrip didn't make any considerable gains in this period.
3. Over the months of May and June, the Shipping Corporation of India Limited shares lost another 10% in a gradual manner to descend on to the levels above Rs.60. While things stayed the same all through the course of July, in August, the scrip commenced another bear run and this time, the shares lost significantly to touch the Rs.50 mark.
4. In early October, the scrip hit its 52-week low at Rs.39.45, driven by massive sell-off in the domestic and international markets. Around the same time, SENSEX and Nifty 50 too, lost considerably. As of mid-October, the SCI Limited shares were seen trading at levels close to Rs.43 on the NSE.

Shipping Corporation of India Limited Stock Trends in 2016 and 2017

1. At the start of 2016, the Shipping Corporation of India shares were trading at levels close to Rs.94 on the NSE. Over the course of January and February, the scrip shed more than 40% to go below the Rs.60 mark. The closing price of the shares at the end of February was Rs.55.4. In March, the prices managed to recover marginally and by the end of the month, the shares were back to their previous levels above Rs.70.
2. Through the second quarter of the calendar year, the stock price varied from Rs.65 - Rs.75. There weren't any sharp rises or falls in this period. A similar trend was seen in the months of July and August as well, with the shares maintaining their position above the Rs.70 mark.
3. The scrip commenced the month of September close to Rs.70. Over the course of the remainder of the year, the shares moved on to shed gradually and eventually, they dropped below the Rs.65 mark. The fall was further accelerated by demonetisation and a poor performance in the Q2 FY2017. As a result, the SCI shares soon found themselves in the Rs.50 region. The closing price at the end of the year was Rs.56.95 on the NSE.
4. In 2017, the Shipping Corporation of India share price exhibited a bullish trend. The scrip started the year trading at levels close to Rs.60. By the end of March, the shares had gained close to 10% to touch the psychologically important mark of Rs.70.
5. Through the months of April and May, the shares were highly volatile. The stocks gained considerably to touch the Rs.80 mark, only to lose their recently earned gains in a matter of two weeks. The closing price of the shares at the end of May was Rs.70.25 - an improvement of close to 15% since the start of the year.
6. The shares made handsome gains through the course of June, July, and August. The shares gained close to 25% to cross the Rs.90 mark. In September, the scrip crossed the psychologically important mark of Rs.100 and at the same time, the average volume of shares that were being traded was significantly higher than previous weeks.
7. However, the scrip failed to find momentum at levels above Rs.100 and consequently, it retreated back to its previous levels above Rs.90. The scrip continued to exhibit its volatile trend in this period although, in November, the prices sharply spiked to reach their 52-week high at Rs.113.40 on the NSE. This rise was soon followed by a fall which took the shares back into the Rs.90 region. The closing price of the scrip on December 29, 2017, was Rs.94.60 on the NSE.

Should You Invest in Shipping Corporation of India Limited Shares?

1. Shipping Corporation of India Limited is a shipping company that is engaged in the business of transportation on domestic and international waters. It owns a diversified fleet of vessels across various segments of the shipping trade. In addition to providing transportation services, the company also provides consultancy and technical services to various organisations.
2. For the year ended on March 31, 2018, Shipping Corporation of India Limited reported its consolidated income to be at Rs.3,617.4 crore, as against Rs.3,592.5 crore for the previous fiscal year. Consequently, the company reported a net profit of Rs.306.5 crore for the year in comparison to Rs.182.3 crore for the FY 2017. On a YoY basis, the company's basic EPS also grew from Rs.3.92 to Rs.6.58.
3. As for the liabilities of the company for the year ended on March 31, 2018, the non-current liabilities stood at Rs.3,501.5 crore while its current assets were valued to be worth Rs.2,708.9 crore. However, for the June quarter of the FY 2019, the company reported a loss of Rs.205.9 crore on account of foreign exchange losses.
4. Considering the performance of the scrip, it has been highly cyclic in nature. In 2016, the shares lost close to 50% while in 2017, the scrip bounced back to recuperate its previous losses. Once again in 2018, the Shipping Corporation of India shares have exhibited a similar trend and have shed more than 50% over the course of the year. As of October, they are trading at levels close to Rs.45.
5. From a long-term perspective, it is hard to predict if this scrip makes for an attractive buy. While the company is a key player in the shipping industry, it has high levels of debt and its financials appear to be rather inconsistent on a quarterly basis. The same has been reflected in the performance of its stock too. However, we can expect the shares to bounce back once the company reports a good quarterly performance. Therefore, investors can invest in this scrip with a short-term horizon in mind. However, before investing in this stock, it is strongly advised to research thoroughly and consult a financial advisor.

Company Information

The Shipping Corporation of India Limited, commonly known as SCI Limited, is a shipping company based in Mumbai. It is the largest shipping company in the country and is responsible for a significant proportion of the country's entire tonnage. It is engaged in the business of maritime transportation in domestic and international waters and has a diversified fleet comprising bulk carriers, crude oil tankers, container vessels, passenger vessels, Chemical carriers, LPG carriers, and offshore supply vessels. In addition to this, the company also provides technical services for the same and mans and manages several vessels on behalf of the government and various companies. The Shipping Corporation of India has been awarded the 'Navratna' status by the GoI in August 2008 owing to its excellent services.

History of the Company

The Shipping Corporation of India Limited was formed on October 2, 1961, after the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation. The company started its operations with just 19 vessels but over the years, it grew to become the largest shipping company in the country. In 1973 and 1986 respectively, Jayanti Shipping Company and Mogul Line Limited were merged with SCI Limited to further strengthen its operations in the shipping sector. The 1990s saw the company enter into various strategic logistical partnerships with reputed companies in a bid to become a leading player in the industry. As the company grew, it began to diversify its operations through quick expansion of its fleet.

Management of the Company

Captain Anoop Kumar Sharma - Chairman and Managing Director

Captain Anoop Kumar Sharma presently serves as the Chairman and Managing Director of the Shipping Corporation of India Limited - he has held these positions since September 2016. He is a Master Mariner (FG) and has been a part of the shipping industry for more than 30 years and has held several key positions at various levels. Prior to his present role, he served as the Director of Technical & Offshore Division of the company. He has been associated with the Essar Shipping Limited where he served as the Managing Director and also as the Chief Executive Officer of the company's Sea Transportation/Shipping Business. Presently, he is on the Boards of various reputed companies like Indian Register of Shipping, The North of England Protecting and Indemnity Association Limited, and India LNG Transport Companies. Captain Sharma is a fellow member of the Institute of Chartered Shipbrokers, London, and has a Diploma from the Narsee Monjee Institute of Management Studies.

Mrs. Harjeet Kaur Joshi - Director of Finance, Chief Financial Officer

Mrs. Harjeet Kaur Joshi presently serves as the Director of Finance, Chief Financial Officer, and Executive Director at the Shipping Corporation of India Limited. She joined the company in 2015 and since then, has played an instrumental role in the growth of the enterprise. Prior to joining SCI Limited, Mrs. Joshi was associated with ONGC (Oil & Natural Gas Corporation) Limited - a Maharatna enterprise owned by the Government of India. She was with the company for roughly three decades - two of which she served with ONGC Videsh Limited (the overseas arm of ONGC Limited). Over there, she was responsible for overseeing international transactions and other financial affairs in the capacity of Vice President of Finance of ONGC Videsh Limited. Mrs. Joshi has also been awarded 'The Most Influential CFOs of India Award' from the Chartered Institute of Management Accounts, U.K., for two consecutive years in 2015 and 2016. She is an alumnus of the Delhi School of Economics, where she obtained her Bachelor's and Master's' degrees.

Mr. Rajesh Sood - Director of Technical & Offshore Services

Mr. Rajesh Sood currently serves as the Director of Technical & Offshore Services at the Shipping Corporation of India Limited. He has held this position since December 2017. Mr. Sood has been a part of the maritime industry for more than 30 years now and has served in various capacities. He joined the Shipping Corporation of India Limited in 1984 as a 5th Engineer Officer and over the years, he rose through the ranks owing to his sheer dedication and hard work. He served in various departments like shipbuilding & services, bulk carrier technical, and tanker technical. He was also actively involved in various projects related to the acquisition, conceptualisation, and delivery of vessels. Mr. Sood is a Marine Engineer and holds a Class I (Motor) certificate of competency issued by the Ministry of Transport. He also has a Masters' degree in Shipping Management from the World Maritime University, Malmo, Sweden.

Shipping Corporation of India Limited Listings in NSE, BSE, and Stock Market Indices

The equity shares of Shipping Corporation of India are available to the general public for trading and the same can be found on the National Stock Exchange of India Limited and the Bombay Stock Exchange. The respective codes for the same are as follows:

1. NSE Code: SCIEQ
2. BSE Code: 523598
3. Sector: Shipping
4. ISIN Code: INE109A01011

Coming to the stock market indices, the company comprises the following:

1. Nifty 500
2. Nifty Full Smallcap 100
3. Nifty MidSmallCap Index
4. S&P BSE 500
5. S&P BSE AllCap
6. S&P BSE Industrials
7. S&P BSE PSU
8. S&P BSE SmallCap

Registered Office

The Shipping Corporation of India Limited

Shipping House

245, Madam Cama Road

Mumbai - 400-021

Maharashtra, India

Contact number: +91-22-22026666

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The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.