The Shipping Corporation of India (SCI) is a public sector undertaking that operates and manages vessels servicing both national and international lines. It is under the ownership of the Government of India and under administrative control of the Ministry of Ports, Shipping and Waterways, with its headquarters in Mumbai. SCI was established on 2 October 1961 by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation. Two more shipping companies, Jayanti Shipping Company and Mogul Lines Limited, were merged with SCI in 1973 and 1986 respectively.
Starting out as a marginal Liner shipping Company with just 19 vessels, the SCI has today evolved into the largest Indian shipping Company. As the country's premier shipping line, the SCI owns and operates around one-third of the Indian tonnage, and has operating interests in practically all areas of the shipping business; servicing both national and international trades. The GoI has conferred "Navratna" status to SCIL in August 2008.
Company is the largest Indian shipping company in terms of capacity with a diversified fleet profile. It is involved in the business of transporting goods and passengers. Its owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, Passenger-cum-Cargo vessels, LPG carriers and Offshore Supply Vessels. It also manages a large number of vessels on behalf of various government departments and organizations.
SCI operates in a variety of businesses, including container shipping, dry bulk shipping, tanker shipping, offshore services, and liner services. The company has a fleet of over 80 vessels, and operates in more than 25 countries around the world. The SCI is today the only Indian shipping Company operating: break-bulk services, international container services, liquid/dry bulk services, offshore services, passenger services.
S C I · Mkt Cap: 10,314 Crore (down -17.6% in 1 year) · Revenue: 5,606 Cr · Profit: 844 Cr as per the latest available data. Shipping Corporation of India Ltd's net profit fell -39.75% since last year same period to ₹185.14Cr in the Q4 2024-2025. However, On a quarterly growth basis, Shipping Corporation of India Ltd has generated 145.15% jump in its net profits since last 3-months.
- Revenue: ₹1,325.19 Crores (March 2025)
- Net Profit: ₹185.14 Crores (March 2025)
- Market Cap: ₹10,314 Crores (as of latest available data)
- Promoter Holding: 63.8%
In the quarter ending March 2024, Shipping Corporation of India Ltd has declared dividend of ₹0.50 - translating a dividend yield of 0.22%. Dividend payout has been low at 14.1% of profits over last 3 years, indicating conservative dividend policy.
SCI to acquire two second-hand VLGCs (~82,000 CBM) to expand fleet in Q1 FY 2025-26. This expansion demonstrates the company's commitment to growing its fleet capacity and strengthening its position in the liquefied petroleum gas transportation segment.
The Shipping Corporation of India Limited (SCI) and Bharat Petroleum Corporation Limited (BPCL) have signed a Memorandum of Understanding (MoU) and a Non-Disclosure Agreement (NDA) to explore a strategic partnership. This collaboration could potentially open new avenues for growth in the energy transportation sector.
In 1987, it set up the Maritime Training Institute in Mumbai. Selected candidates undergo training at SCI Maritime Training Institute (MTI), after which they are placed on board SCI vessels. The company maintains a robust training infrastructure to ensure skilled maritime professionals for its operations.
The SCI's annual performance has consecutively been rated excellent for a record 18 times, under the Memorandum of Understanding (MoU) signed with the Government of India. As a profitable commercial venture of the Government of India, the SCI has an excellent track record of profitability since its inception.
The company has delivered a poor sales growth of 4.84% over past five years. Company has a low return on equity of 10.8% over last 3 years. These metrics suggest challenges in achieving robust growth and optimal returns for shareholders.
Contingent liabilities of Rs.5,241 Cr. represent a significant financial consideration that investors should monitor. Working capital days have increased from 65.0 days to 124 days, indicating potential efficiency challenges in working capital management.
Shares of Shipping Corporation of India (SCI) rose 4% due to concerns over potential disruptions in the Strait of Hormuz, a key shipping route. The stock gained nearly 12% since June 13, driven by fears of supply chain issues affecting crude oil transportation, which is significant for SCI's operations.
SCI continues to be a dominant force in India's maritime sector, leveraging its extensive fleet, strategic government backing, and comprehensive service offerings across multiple shipping segments. While facing growth challenges typical of mature shipping companies, its strategic initiatives and market position provide a foundation for navigating the evolving maritime landscape.
