The Shipping Corporation of India Ltd (SCI), founded on October 2, 1961, is India’s largest shipping company and operates as a public sector undertaking under the Ministry of Ports, Shipping, and Waterways. Headquartered in Mumbai, SCI manages a diverse fleet, including bulk carriers, tankers, container vessels, and offshore service ships, providing services such as International Container Services, Liquid/Dry Bulk Services, Offshore Services, Passenger Services, and Break-Bulk Services. In 2022, SCI achieved a revenue of ₹5,098.59 crore and a net income of ₹809.26 crore, with total assets valued at ₹13,855.06 crore and equity of ₹8,699.64 crore, supported by a workforce of 554 employees. The company remains a key player in India’s maritime sector, facilitating both domestic and international trade routes.
Recent News on Shipping Corporation of India Ltd
The Shipping Corporation of India Ltd (SCI) is currently in the news for several significant updates. The company has received a ₹160 crore GST demand notice from the Deputy Commissioner of State Tax, Government of Maharashtra, due to an input credit mismatch discovered during a GST audit for the financial year 2019-20. Additionally, SCI will be trading ex-dividend next week, meaning its stock will trade without the value of the forthcoming dividend payment. In a strategic move, SCI has also announced the demerger of its non-shipping business into a separate entity, Shipping Corporation of India Land and Assets Ltd (SCILAL), to streamline its operations and enhance focus on its core shipping activities.
About Shareholdings Patterns
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 63.75% | 63.75% | 63.75% | 63.75% | 63.75% |
| FIIs + | 2.89% | 3.23% | 3.27% | 4.66% | 4.56% |
| DIIs + | 7.01% | 6.97% | 7.99% | 7.87% | 8.69% |
| Public + | 26.36% | 26.05% | 24.98% | 23.74% | 23.01% |
| No. of Shareholders | 1,83,339 | 2,09,199 | 2,19,463 | 3,04,527 | 3,24,156 |
The shareholding pattern of the Shipping Corporation of India Ltd (SCI) demonstrates a dynamic interplay between different categories of investors over recent quarters, reflecting evolving investor sentiment and interest in the company. As of June 2024, the promoters maintain a strong and stable control of the company with a consistent stake of 63.75%, unchanged since June 2023. This indicates a continued commitment by the promoters to hold a substantial majority stake in SCI, ensuring stability and long-term strategic direction.
Foreign Institutional Investors (FIIs) have shown increased confidence in the company, with their shareholding rising from 2.89% in June 2023 to 4.56% in June 2024. This steady growth suggests that SCI has gained favor among foreign investors, possibly due to its market position as India’s largest shipping company and ongoing strategic initiatives, such as its demerger plan. Domestic Institutional Investors (DIIs) have also increased their holdings from 7.01% in June 2023 to 8.69% in June 2024. This rise in DII participation reflects growing domestic confidence in the company’s potential for sustainable growth and profitability.
Conversely, public shareholding has decreased over the same period, dropping from 26.36% in June 2023 to 23.01% in June 2024. This reduction may indicate a shift from retail investors towards institutional ownership, as institutional investors accumulate more shares. The decrease in public shareholding could also suggest that some individual investors are consolidating their positions or selling off in response to market conditions or personal investment strategies.
Furthermore, the number of shareholders has increased significantly, rising from 1,83,339 in June 2023 to 3,24,156 in June 2024. This considerable growth in the shareholder base highlights a widening interest in SCI’s stock, potentially driven by its strategic moves, such as the demerger of its non-shipping business into a separate entity, Shipping Corporation of India Land and Assets Ltd (SCILAL). The expanded shareholder base may indicate greater market confidence in the company’s future prospects and potential for value creation.
How to Buy Shipping Corporation of India Ltd shares?
Below are the trading platforms that you can use to purchase Shipping Corporation of India Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Shipping Corporation of India Share Price Target: 2024 to 2030
Shipping Corporation of India Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 278.45 | 242.13 |
| October 2024 | 275.70 | 239.74 |
| November 2024 | 286.72 | 249.33 |
| December 2024 | 289.59 | 251.82 |
In September 2024, the Shipping Corporation of India is projected to see its maximum price reach ₹278.45, while the minimum price may settle around ₹242.13. Moving into October 2024, we anticipate the maximum price to be around ₹275.70, with a minimum of ₹239.74. In November 2024, the maximum price could rise to ₹286.72, while the minimum might hover around ₹249.33. By December 2024, the Shipping Corporation of India’s maximum price is expected to touch ₹289.59, with a minimum price of ₹251.82, reflecting gradual upward momentum throughout the year.
Shipping Corporation of India Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 292.49 | 224.99 |
| February 2025 | 295.44 | 227.26 |
| March 2025 | 301.65 | 232.04 |
| April 2025 | 298.66 | 229.74 |
| May 2025 | 289.96 | 223.05 |
| June 2025 | 303.01 | 233.08 |
| July 2025 | 297.07 | 228.51 |
| August 2025 | 306.26 | 235.58 |
| September 2025 | 309.93 | 238.41 |
| October 2025 | 317.99 | 244.61 |
| November 2025 | 325.94 | 250.72 |
| December 2025 | 340.61 | 262.00 |
As we step into 2025, the Shipping Corporation of India’s prices are expected to show gradual growth. In January, the maximum may reach ₹292.49 with a minimum of ₹224.99, while by June, the maximum could be around ₹303.01 and the minimum at ₹233.08. Moving into September, prices might rise to a maximum of ₹309.93 and a minimum of ₹238.41. As the year closes in December, the highest price is projected at ₹340.61, with a minimum of ₹262.00.
Shipping Corporation of India Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 350.82 | 269.86 |
| February 2026 | 342.05 | 263.12 |
| March 2026 | 348.89 | 268.38 |
| April 2026 | 356.02 | 273.86 |
| May 2026 | 352.49 | 271.15 |
| June 2026 | 361.30 | 277.92 |
| July 2026 | 354.22 | 272.48 |
| August 2026 | 365.17 | 280.90 |
| September 2026 | 372.48 | 286.52 |
| October 2026 | 382.16 | 293.97 |
| November 2026 | 391.72 | 301.32 |
| December 2026 | 401.51 | 308.85 |
Shipping Corporation of India Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 405.52 | 311.94 |
| February 2027 | 415.92 | 319.94 |
| March 2027 | 432.14 | 332.42 |
| April 2027 | 423.67 | 325.90 |
| May 2027 | 411.33 | 316.41 |
| June 2027 | 429.84 | 330.65 |
| July 2027 | 421.41 | 324.16 |
| August 2027 | 434.44 | 334.19 |
| September 2027 | 449.65 | 345.88 |
| October 2027 | 461.34 | 354.88 |
| November 2027 | 472.87 | 363.75 |
| December 2027 | 484.70 | 372.84 |
Shipping Corporation of India Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 494.39 | 380.30 |
| February 2028 | 507.07 | 390.05 |
| March 2028 | 526.84 | 405.26 |
| April 2028 | 516.51 | 397.32 |
| May 2028 | 501.47 | 385.74 |
| June 2028 | 524.03 | 403.10 |
| July 2028 | 513.76 | 395.20 |
| August 2028 | 529.65 | 407.42 |
| September 2028 | 548.19 | 421.68 |
| October 2028 | 562.44 | 432.64 |
| November 2028 | 576.50 | 443.46 |
| December 2028 | 590.91 | 454.55 |
Shipping Corporation of India Share Price Prediction 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 602.73 | 463.64 |
| February 2029 | 618.18 | 475.53 |
| March 2029 | 642.29 | 494.07 |
| April 2029 | 629.70 | 484.38 |
| May 2029 | 611.36 | 470.28 |
| June 2029 | 638.87 | 491.44 |
| July 2029 | 626.34 | 481.80 |
| August 2029 | 645.71 | 496.70 |
| September 2029 | 668.31 | 514.09 |
| October 2029 | 685.69 | 527.45 |
| November 2029 | 702.83 | 540.64 |
| December 2029 | 720.40 | 554.16 |
Shipping Corporation of India Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 734.81 | 565.24 |
| February 2030 | 753.65 | 579.73 |
| March 2030 | 783.05 | 602.34 |
| April 2030 | 767.69 | 590.53 |
| May 2030 | 745.33 | 573.33 |
| June 2030 | 778.87 | 599.13 |
| July 2030 | 763.60 | 587.38 |
| August 2030 | 787.22 | 605.55 |
| September 2030 | 814.77 | 626.75 |
| October 2030 | 835.95 | 643.04 |
| November 2030 | 856.85 | 659.12 |
| December 2030 | 878.27 | 675.59 |
In 2030, the Shipping Corporation of India is expected to see a steady increase in its stock prices. In January, the maximum price may reach ₹734.81, with a minimum of ₹565.24. As February unfolds, the price could rise to a maximum of ₹753.65 and a minimum of ₹579.73. Moving to March, we may see a further increase, with the maximum price touching ₹783.05 and the minimum at ₹602.34. By mid-year in June, the maximum might climb to ₹778.87 and the minimum to ₹599.13. As we advance to September, the maximum price could peak at ₹814.77, while the minimum may rise to ₹626.75. Closing the year in December, the Shipping Corporation of India is projected to reach its highest point, with a maximum of ₹878.27 and a minimum of ₹675.59.
Financial Condition of Shipping Corporation of India: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 4,425 | 3,703 | 4,988 | 5,794 | 5,046 | 5,360 |
| Expenses + | 3,283 | 2,539 | 3,455 | 4,234 | 3,622 | 3,790 |
| Operating Profit | 1,143 | 1,164 | 1,533 | 1,560 | 1,424 | 1,570 |
| OPM % | 26% | 31% | 31% | 27% | 28% | 29% |
| Other Income + | 243 | 121 | 97 | 111 | 215 | 233 |
| Interest | 367 | 22 | 161 | 185 | 171 | 176 |
| Depreciation | 671 | 628 | 635 | 753 | 889 | 912 |
| Profit before tax | 348 | 635 | 834 | 733 | 578 | 715 |
| Tax % | 13% | 3% | 5% | -9% | -6% | |
| Net Profit + | 302 | 618 | 790 | 800 | 612 | 752 |
| EPS in Rs | 6.49 | 13.27 | 16.96 | 17.18 | 13.14 | 16.13 |
| Dividend Payout % | 12% | 2% | 2% | 3% | 4% |
The financial performance of the Shipping Corporation of India Ltd (SCI) over the past five years shows a pattern of steady growth and resilience. From March 2020 to the trailing twelve months (TTM), SCI’s sales increased from ₹4,425 crore to ₹5,360 crore, with a peak of ₹5,794 crore in March 2023. Operating profit also grew, from ₹1,143 crore in March 2020 to ₹1,570 crore in the TTM, with the Operating Profit Margin (OPM) remaining strong between 26% and 31%. The net profit rose from ₹302 crore in March 2020 to ₹800 crore in March 2023, slightly decreasing to ₹612 crore in March 2024, and recovering to ₹752 crore in the TTM, reflecting the company’s ability to adapt to changing conditions. Earnings per share (EPS) peaked at ₹17.18 in March 2023 and stood at ₹16.13 in the TTM, indicating fluctuations aligned with profit levels. Other income increased significantly, adding to overall profitability, while interest and depreciation expenses were maintained at manageable levels. With a low dividend payout ratio of 2% to 4%, SCI appears focused on reinvestment and sustaining long-term growth amid market dynamics.
FAQS
What is the current share price of Shipping Corporation of India?
As of September o5, 2024, the current share price of Shipping Corporation of India is ₹266.
What is the share price target of Shipping Corporation of India for 2025?
Shipping Corporation of India is expected to reach ₹340.61 by the end of 2025.
What is the share price target of Shipping Corporation of India for 2030?
The Share Price target of Shipping Corporation of India is expected to trade in a range of ₹565.24 to ₹878.27.
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Conclusion
In conclusion, the Shipping Corporation of India Ltd (SCI) stands out as India’s largest shipping company, with a solid market presence and a stable promoter stake of 63.75% over recent quarters. The company has seen increased interest from both Foreign and Domestic Institutional Investors, reflecting confidence in its strategic initiatives, such as the demerger of its non-shipping business. Meanwhile, public shareholding has slightly decreased, possibly indicating a shift towards more institutional ownership.
SCI’s financial performance over the past five years shows steady growth, with a noticeable increase in operating profit margins and net profits, although recent tax anomalies impacted overall profitability. Looking ahead, the company’s share price is expected to show consistent growth, with projections suggesting a gradual increase from ₹278.45 in September 2024 to a maximum of ₹878.27 by December 2030, reflecting market confidence in SCI’s future growth prospects.
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