Shipping Corporation of India Land & Assets Limited (SCILAL) was incorporated in 2021 as a wholly owned subsidiary of The Shipping Corporation of India Limited (SCI). Its primary objective is to hold and dispose of the Non-Core Assets of SCI, distinct from the disinvestment transaction of the parent company. This entity represents a strategic restructuring initiative by the Government of India, designed to separate non-core assets from the core shipping business and optimize value for stakeholders.
The Ministry of Corporate Affairs approved the Scheme of Arrangement for Demerger of Non-Core Assets of Shipping Corporation of India Limited (SCI) into SCILAL on February 22, 2023. The Scheme of Demerger officially became effective from March 14, 2023, subsequently transferring all Non-Core assets, including the Real Estate Properties of Shipping Corporation of India Limited, into SCILAL.
SCILAL's shares were listed on the BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) on May 25, 2023. The stock trades under the symbol SCILAL on both exchanges, providing accessibility for retail and institutional investors interested in the company's real estate and asset management portfolio.
The stock has experienced significant volatility since its listing. The 52-week high of SCILAL share price is ₹107.50, while the 52-week low is ₹42.85. As of July 7, 2025, the market capitalization of SCILAL stood at ₹2,501.34 Crore.
SCILAL has been categorized as a Schedule 'C' company by the Ministry of Ports, Shipping and Waterways (MoPSW) as of December 19, 2023, aligning with the categorization of Central Public Sector Enterprises (CPSEs). This classification entails specific regulatory oversight and governance requirements for the company.
The company secured trademark registration for its logo on May 22, 2023, specifically for all kinds of Real Estate Affairs, thereby establishing its brand identity within the real estate sector. Currently, SCILAL's operations are managed by the Shipping Corporation of India Ltd (SCI) under a service level agreement between the two entities, ensuring operational continuity and leveraging SCI's established expertise.
SCILAL's financial performance reflects the transitional nature of asset divestiture and restructuring activities. For a prior period, the company reported Revenue of ₹18.3 Crore and a loss of ₹189 Crore, with earnings including an other income of ₹85.0 Crore.
More recent quarterly data provides a clearer picture:
- Revenue for Q4 FY25 (as of March 2025) was ₹4.88 Crore.
- Net Profit for Q4 FY25 (as of March 2025) was ₹-224.37 Crore.
- Market Capitalization: ₹2,501.34 Crore (as of July 7, 2025)
- Promoter Holding: 63.8% (Government of India via SCI)
- Return on Equity (last 3 years): -1.35%
- PE Ratio: 0.00 (as of July 7, 2025)
- PB Ratio: 1.22 (as of July 7, 2025)
- Dividend Yield: 1.20% (based on dividend of ₹0.66 declared for the quarter ending March 2024)
The promoter holding in SCILAL stands at 63.8%, indicating significant government control through SCI's ownership structure. This substantial promoter holding provides stability and is consistent with the company's status as a public sector enterprise.
SCILAL has actively maintained regulatory compliance and stakeholder communication. The company sent communication to physical shareholders for KYC updates as per SEBI regulations on June 17, 2025. Additionally, SCILAL amended its Insider Trading Code, effective June 10, 2025, in adherence to SEBI regulations.
However, the company has faced regulatory scrutiny, having been fined ₹13.92 lakh each by BSE and NSE for SEBI board compliance lapses. This incident underscores the importance of robust compliance frameworks, particularly for public sector enterprises.
SCI Land & Assets Limited occupies a unique position within India's asset divestiture landscape. As a specialized vehicle for holding and disposing of non-core assets separated from SCI, the company plays a crucial role in the government's strategic restructuring of public sector enterprises. Its focus on real estate affairs, evidenced by its trademark registration and asset portfolio, positions it to potentially capitalize on India's growing real estate market while navigating the complexities of asset divestiture.
The company's current performance metrics reflect the transitional nature of its business model, where traditional financial metrics may not fully capture the strategic value creation potential inherent in its asset management mandate. Investors should consider SCILAL's role in the broader context of India's public sector reform initiatives and its potential to unlock value from strategically located real estate assets.
