Shipping Corporation of India logo

Shipping Corporation of India share price

NSE: SCIBSE: 523598Transport ServicesSmall Cap

Shipping Corporation of India Limited · Face value ₹10 · Listed Nov 1992 on BSE, Aug 1997 on NSE
Last close ₹244.50up ₹0.20 (0.08%)BSE ₹244.90

Share price at the NSE close on 28 Oct 2026. Previous close ₹244.30.

28 Oct: open ₹245.00, high ₹246.50, low ₹241.05

52-week range of traded prices to 28 Oct 2026
₹195.55Low, 27 Jan 2026₹368.75High, 11 May 2026
Market cap
₹11,389 Cr493rd largest listed
P/E
7.04
P/B
1.25
Dividend yield
3.07%
ROE
18.6%
ROCE
12.8%
Debt to equity
0.27
Volume, NSE
18,04,86427.8% delivered

Shipping Corporation of India share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses, with the demerger of Mar 2023 reinvested. Reinvested means the value of the shares of the company that was split off is treated as put back into this share at its opening price on the ex-date.

−6.6%over a year · Nifty 500 −8.8%

ResultsDividend20-session average 33,62,935 shares a day, 33.2% delivered

About Shipping Corporation of India

The Shipping Corporation of India Limited is a Mumbai-based company in the business of transporting goods by sea.1 Its owned fleet includes crude oil tankers, product tankers, liquefied petroleum and natural gas carriers, bulk carriers, container ships and offshore supply vessels, deployed on India's import and export, coastal and international cross-trade routes.23 It also manages vessels on behalf of government departments and other organisations.1

It is the only Indian shipping company running both coastal and international container liner services (container ships sailing fixed routes on a schedule), the company says.3 It has 2 wholly owned subsidiaries, Inland & Coastal Shipping, set up to promote inland waterway transport, and SCI Bharat IFSC, for leasing and financing vessels, and 4 joint ventures that own LNG carriers.456

It was incorporated in 1961.2 Its non-core assets (real estate) were demerged into Shipping Corporation of India Land and Assets Limited under a scheme the Ministry of Corporate Affairs approved in February 2023; that company has been separately listed since March 2024.78 The President of India held 63.75% of its shares at the end of March 2026.9 The Government of India has identified the company for strategic disinvestment (the sale of its controlling stake) and invited expressions of interest in December 2020; as of its latest annual report, interested bidders were carrying out due diligence.78

Shipping Corporation of India key points

Results

  • Consolidated profit after tax was ₹1,352.92 crore in the year to Mar 2026, against ₹844 crore a year earlier.10
  • Consolidated profit before tax was ₹1,423 crore in the year to Mar 2026, the highest in its history, the company says.11
  • On a standalone basis, revenue from operations was ₹5,778.13 crore in the year to Mar 2026, against ₹5,592.33 crore, and profit before depreciation, finance costs and tax was ₹2,632.87 crore, against ₹1,959.94 crore.1213

Business segments

  • The tanker segment (crude oil and product tankers and gas carriers) earned revenue of ₹3,942.23 crore in the year to Mar 2026, against ₹3,609.60 crore, and a segment profit of ₹1,189.54 crore, against ₹680.14 crore.1415
  • The bulk segment (dry bulk carriers) earned revenue of ₹788.87 crore in the year to Mar 2026, against ₹711.29 crore, and its loss narrowed to ₹19.11 crore from ₹22.24 crore.1615
  • The liner segment (container and break-bulk shipping, and vessels managed for others) earned revenue of ₹784.27 crore in the year to Mar 2026, down from ₹1,036.23 crore, and a segment profit of ₹74.84 crore, against ₹166.22 crore.1715
  • The technical and offshore services segment (offshore vessels and technical consultancy) earned revenue of ₹297.85 crore in the year to Mar 2026, against ₹276.19 crore, and a segment profit of ₹35.29 crore, against ₹32.48 crore.1819

Where revenue comes from

  • Revenue by customer location (₹ lakh)20
    Itemyear to Mar 2026year to Mar 2025
    India₹4,27,233 lakh₹4,14,049 lakh
    Singapore₹53,942 lakh₹74,668 lakh
    Other countries₹1,00,147 lakh₹74,614 lakh
  • Exports made up 29.38% of the company's turnover in the year to Mar 2026.21

Fleet

  • In the year to Mar 2026, the tanker fleet included 5 VLCCs (very large crude carriers), Suezmax and Aframax tankers, LR2 and LR1 product tankers, and 3 MR product tankers on the Indian coast.2223
  • The dry bulk fleet has 8 Supramax vessels of around 57,000 dwt (deadweight tonnes, the weight a ship can carry) each and 7 Panamax or Kamsarmax carriers of around 80-82,000 dwt, averaging about 14 years old.24
  • Its liquefied petroleum gas carriers Nanda Devi, Sahyadri and Shivalik are on time charter to Indian energy public sector companies; it jointly owns 3 LNG carriers chartered to Petronet LNG and a 4th chartered to ExxonMobil.2526
  • At the end of Mar 2026, the company operated 4 container vessels, 2 of them chartered in, and had loading rights on 17 vessels of partner shipping lines in consortia.27

Customers and partners

  • Revenue from each customer above 7% of revenue (₹ lakh)2829
    Itemyear to Mar 2026year to Mar 2025
    Indian Oil Corporation₹94,370 lakh₹73,485 lakh
    Hindustan Petroleum Corporation₹66,021 lakh₹44,218 lakh
    Bharat Petroleum Corporation₹44,719 lakh₹53,684 lakh
    Mangalore Refinery and Petrochemicals₹36,267 lakh₹41,447 lakh
  • Tanker customers include IOC, BPCL, HPCL, MRPL, CPCL and ONGC in the public sector, Reliance, Nayara and Cairn Energy in the private sector and oil majors and traders like Shell, BP, Chevron, Vitol and Trafigura.30
  • Dry bulk customers include SAIL, the Department of Fertilizers, KIOCL, RINL and ArcelorMittal Nippon Steel; offshore vessel customers include ONGC, the Indian Navy and DRDO.31

Expansion and capital spending

  • On 18 Mar 2026, the company signed a contract with Mazagon Dock Shipbuilders to build a 3000 dwt platform supply vessel, planned as the first ship in its fleet to run on green methanol.32
  • On 3 Feb 2026, the company signed a memorandum of understanding with Container Corporation of India, port authorities and Sagarmala Finance Corporation to acquire, own, lease and operate container vessels and containers.33
  • On 19 Sep 2025, the company signed a memorandum of understanding with state-owned oil companies to jointly acquire, own and operate vessels carrying petroleum, petroleum products and other hydrocarbons in international and coastal trade.3435

Recent events

  • On 16 Jan 2026, Acuite Ratings and Research reaffirmed the company's bank loan ratings at AA+ for the long term and A1+ for the short term, with a stable outlook.36
  • In August and September 2025, the company added 2 second-hand VLGCs (very large gas carriers), Sahyadri and Shivalik, of approximately 54,000 tonnes each.2537

Litigation and regulatory matters

  • In an order of 11 Mar 2026, the Joint Commissioner of State Tax (Appeals) confirmed a revised tax demand on the company over mismatched input tax credit; on 13 Mar 2026 the company said it was exploring options to contest it, including an appeal.38
  • On 3 Feb 2026, the company received an income tax refund, including interest of approximately ₹85.75 crore, after the Income Tax Appellate Tribunal ruled in its favour in May 2024.39
  • BSE and NSE levied penalties on the company for not complying with SEBI listing Regulations 17(1), 18, 19, 20 and 21; as of its annual report for the year to Mar 2026, they had waived the fines under Regulations 18 to 21.40

Last updated

All 40 sources, each with its page
  1. 1. Annual report, 26 Aug 2026, page 312
  2. 2. Annual report, 26 Aug 2026, page 452
  3. 3. Annual report, 26 Aug 2026, page 68
  4. 4. Annual report, 26 Aug 2026, page 60
  5. 5. Annual report, 26 Aug 2026, page 238
  6. 6. Annual report, 26 Aug 2026, page 562
  7. 7. Annual report, 26 Aug 2026, page 13
  8. 8. Annual report, 26 Aug 2026, page 64
  9. 9. Annual report, 26 Aug 2026, page 482
  10. 10. Annual report, 26 Aug 2026, page 12
  11. 11. Annual report, 26 Aug 2026, page 10
  12. 12. Annual report, 26 Aug 2026, page 12
  13. 13. Annual report, 26 Aug 2026, page 57
  14. 14. Annual report, 26 Aug 2026, page 57
  15. 15. Annual report, 26 Aug 2026, page 395
  16. 16. Annual report, 26 Aug 2026, page 57
  17. 17. Annual report, 26 Aug 2026, page 57
  18. 18. Annual report, 26 Aug 2026, page 57
  19. 19. Annual report, 26 Aug 2026, page 537
  20. 20. Annual report, 26 Aug 2026, page 539
  21. 21. Annual report, 26 Aug 2026, page 116
  22. 22. Annual report, 26 Aug 2026, page 74
  23. 23. Annual report, 26 Aug 2026, page 75
  24. 24. Annual report, 26 Aug 2026, page 71
  25. 25. Annual report, 26 Aug 2026, page 74
  26. 26. Annual report, 26 Aug 2026, page 73
  27. 27. Annual report, 26 Aug 2026, page 77
  28. 28. Annual report, 26 Aug 2026, page 539
  29. 29. Annual report, 26 Aug 2026, page 539
  30. 30. Annual report, 26 Aug 2026, page 116
  31. 31. Annual report, 26 Aug 2026, page 116
  32. 32. Exchange filing, 18 Mar 2026, page 1
  33. 33. Annual report, 26 Aug 2026, page 13
  34. 34. Annual report, 26 Aug 2026, page 12
  35. 35. Annual report, 26 Aug 2026, page 13
  36. 36. Annual report, 26 Aug 2026, page 12
  37. 37. Annual report, 26 Aug 2026, page 85
  38. 38. Exchange filing, 13 Mar 2026, page 2
  39. 39. Exchange filing, 4 Feb 2026, page 2
  40. 40. Annual report, 26 Aug 2026, page 256
Revenue growth, 12 months
+16.7%
Net profit growth, 12 months
+78.5%

Quarter to Jun 2026, against the quarter before

Revenue
₹1,847 Crup 22.03%
Net profit
₹619 Crup 53.07%
Net margin
33.5%

Revenue by quarter

₹1,451 CrSep 24₹1,316 CrDec 24₹1,325 CrMar 25₹1,316 CrJun 25₹1,339 CrSep 25₹1,612 CrDec 25₹1,513 CrMar 26₹1,847 CrJun 26
Peak revenue ₹1,847 Cr, quarter to Jun 2026; lowest ₹1,316 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹291 CrSep 24₹76 CrDec 24₹185 CrMar 25₹354 CrJun 25₹189 CrSep 25₹405 CrDec 25₹405 CrMar 26₹619 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,4511,3161,3251,3161,3391,6121,5131,847
Net profit29176185354189405405619
Net margin20.1%5.7%14.0%26.9%14.1%25.1%26.7%33.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Tanker₹3,942 Crup 9.22%67.8%
  • Bulk Carrier₹789 Crup 10.91%13.6%
  • Liner₹784 Crdown 24.32%13.5%
  • Technical & Offshore₹298 Crup 7.84%5.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2020 and Mar 2023: days before it are of the company before the change.Shipping Corporation of India PE ratio and valuation

Price to earnings

At or below today's level on 16% of 2,081 trading days over the last 10 years.

LowestHighest
Its median11.02Industry median13.89
Price to book

At or below today's level on 77% of 1,953 trading days since Nov 2018.

LowestHighest
Its median0.68Industry median1.51
Dividend yield

At or below today's level on 92% of 2,449 trading days over the last 10 years.

LowestHighest
Its median0.21%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearWith the demerger reinvestedEarnings growthChange in P/EDividend yield
1 year+36.3%–+60.4%−17.1%3.4%
3 years+35.4%–+15.9%+14.7%2.5%
5 years+16.4%+22.3%+14.2%+0.4%1.7%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Return a year is the share as it traded across the demerger; the next column is the same return with the demerger reinvested, empty for a window with no demerger in it.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Shipping Corporation of India shareholding pattern

Shareholding by group

  • Promoters63.75%
  • Foreign institutions9.58%
  • Indian institutions1.44%
  • Individuals and others25.23%
Holder
President of IndiaPromoter63.75%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.61 pts, Indian institutions −0.64 pts, mutual funds −0.62 pts.

Mutual fund holdings

45 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 40 of the 41 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 45 funds holding Shipping Corporation of India

Added
12
Cut
29
Held unchanged
4
Sold out
2
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Shipping Corporation of India competitors and peers

Shipping, 14 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Shipping Corporation of India in market cap.Services companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
The Great Eastern Shipping Company logoThe Great Eastern Shipping CompanyGESHIP22,2705.941.31+23.9%+84.0%24.0%16.2%2.71%
Shreeji Shipping Global logoShreeji Shipping GlobalSHREEJISPG13,69085.6817.81––20.8%17.9%0.12%
Seamec logoSeamecSEAMECLTD4,03215.703.10+60.3%+122.3%22.2%15.5%0.13%
ABS Marine Services logoABS Marine ServicesABSMARINE7138.772.29+77.4%+200.2%30.0%–0.00%
Transworld Shipping Lines logoTransworld Shipping LinesTRANSWORLD347–0.52−36.5%––−12.8%0.00%
Essar Shipping logoEssar ShippingESSARSHPNG304––––––0.00%
Sadhav Shipping logoSadhav ShippingSADHAV17812.09–+0.7%+25.3%14.7%9.0%0.00%
Garware Offshore Services logoGarware Offshore ServicesGARWAOFFS106–0.85+51.2%–−7.9%−4.1%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Shipping Corporation of India dividend history

Dividend per share, ₹, restated for later splits and bonuses

Mar 17Mar 18Mar 190.8Mar 200.3Mar 210.3Mar 220.4Mar 230.5Mar 246.6Mar 257.5Mar 26
Highest ₹7.50 a share, year to Mar 2026.
Ex-dateTypePer share
4 Sep 2026Final₹1.00
17 Feb 2026Interim₹3.50
19 Nov 2025Interim₹3.00
4 Sep 2025Final₹6.59
6 Sep 2024Final₹0.50
1 Sep 2023Final₹0.44
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Shipping Corporation of India announcements

Shipping Corporation of India share price by year

Each calendar year to 2025.Shipping Corporation of India share price history

YearClose at year endChangeHighest closeLowest close
2025231.76+10.9%274.34143.66
2024208.92+28.3%345.65163.90
2023Demerger162.90+19.8%169.0580.95
2022135.95+0.7%142.1589.25
2021134.95+52.7%157.2083.05
202088.35+42.5%90.8033.70
201962.00+28.8%68.5025.35
201848.15−49.1%97.5540.30
201794.60+61.7%109.1560.30
201658.50−37.3%96.1555.40
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. With the demerger of 31 Mar 2023 reinvested, the change in 2023 is +54.5%.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026248.00258.00242.70244.30248.7427,46,15336.6%
26 Oct 2026238.00251.00234.65246.90245.3327,18,33429.9%
23 Oct 2026252.50252.50233.45237.80239.1444,05,45345.4%
22 Oct 2026260.00261.80250.10251.85254.7623,68,36141.0%
21 Oct 2026276.95277.55256.10260.20264.6225,16,63244.4%
19 Oct 2026284.70285.05274.20275.80279.1413,66,05341.0%
16 Oct 2026283.30287.60281.80284.90284.9012,15,75838.0%
15 Oct 2026289.00289.00282.15284.00284.7913,52,93141.0%
14 Oct 2026281.10292.00280.90289.00289.0437,06,68430.2%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
31 Mar 2023Demerger0.7758Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested.
29 Oct 2008Bonus0.6667Holders received 1 bonus share for every 2 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
Binesh Kumar Tyagi
At the end of the quarter to Sep 2026
NSE symbol
SCI
BSE code
523598
ISIN
INE109A01011
Industry
Transport Services
CIN
L63030MH1950GOI008033
Corporate identity number, the registrar of companies' code for it
Incorporated
1950
Registered office
245 Madam Cama Road, Shipping House, Mumbai 400021, Maharashtra
Share registrar
Alankit Assignments Ltd
Keeps the register of shareholders and handles transfers and dividend payments