Shipping Corporation of India Ltd Share Price Target 2024, 2025 to 2030

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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.

Ashnoor Khurana