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India's state-owned shipping company operating bulk carriers, oil tankers, container ships and offshore support vessels.
India's state-owned shipping company operating bulk carriers, oil tankers, container ships and offshore support vessels.
Earns freight on cargo it carries and hire when it charters vessels out, some on long contracts and some at spot rates that follow global markets. The Government of India owns most of the shares, and rules reserving some government cargo for Indian-flag ships support its volumes.
Moat: narrow (scale, regulatory licence). State backing and India's cargo-support policies help, but shipping rates are globally competitive and cyclical.
Headquarters: Mumbai, India · Founded: 1961 · Employees: 2,962
Size Shipping Corporation of India (SCI.NS) is an India Industrials company (Air Freight/Couriers) with a market value of $1.29B, the 522nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹261.07 on 6 Nov 2026.
Performance Over six months the shares fell 18.3%, against -8.8% for the median peer and 0.0% for the India market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 16.7% over the last twelve months (peer median +3.3%); the operating margin is 23.5% (peer median 5.6%).
Valuation It trades at 1.9× enterprise value to sales against a peer median of 1.2× (7th most expensive of 20).
Capital Return on invested capital runs 4.2 points below its cost of capital (16.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹63.1B | ₹57.4B | ₹55.8B | ₹50.1B | ₹57.7B |
| Revenue growth | — | +3% | +11% | -13% | — |
| Gross profit | ₹17.6B | ₹13.1B | ₹9.49B | ₹6.54B | ₹10.5B |
| EBITDA | ₹25.8B | ₹23.3B | ₹17.9B | ₹14.3B | ₹17.2B |
| Net income | ₹16.2B | ₹13.5B | ₹8.44B | ₹6.79B | ₹8.70B |
| Free cash flow | n/a | -₹328M | ₹5.26B | ₹4.58B | ₹9.53B |
| Capital expenditure | n/a | ₹15.5B | ₹2.92B | ₹5.12B | ₹4.76B |
| Total debt | n/a | ₹26.8B | ₹22.3B | ₹29.1B | ₹26.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Shipping Corporation of India SCI.NS | $1.29B | -18% | +17% | 24% | 1.9× | n/a |
| Great Eastern Shipping GESHIP.NS | $2.16B | -8% | +24% | 42% | 3.3× | 8.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SCI.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.5% | -0.5% | 3rd lowest of 21 |
| 6-month return | -18.3% | -8.8% | 6th lowest of 21 |
| Distance from 52-week high | -29.2% | -23.9% | 9th lowest of 21 |
| Revenue growth (TTM) | +16.7% | +3.3% | 6th highest of 20 |
| Operating margin | 23.5% | 5.6% | 3rd highest of 20 |
| EV / Sales | 1.9× | 1.2× | 7th most expensive of 20 |
| ROIC minus cost of capital | -4.2 pp | -1.1 pp | 3rd lowest of 20 |
| EV / EBITDA | 4.7× | 7.5× | 3rd cheapest of 10 |
| Net debt / EBITDA | -0.0× | 0.2× | 5th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shipping Corporation of India SCI.NS | India | $1.29B | -18% | +17% | 24% | 1.9× | n/a | n/a |
| KLN Logistics 0636.HK | Hong Kong | $1.30B | -15% | -2% | 4% | 0.3× | -10.4% | +2.6% |
| COSCO SHIPPING International (Hong Kong) 0517.HK | Hong Kong | $1.32B | +8% | +1% | 5% | 1.2× | 2.3% | +1.5% |
| Bonheur BONHR.OL | Norway | $1.20B | +1% | +4% | 7% | 1.4× | 3.1% | +20.6% |
| Blue Dart Express BLUEDART.NS | India | $1.14B | -20% | +9% | 7% | 1.7× | 22.4% | +13.3% |
| Eternal Asia Supply Chain Management 002183.SZ | China | $1.48B | -32% | -25% | 0% | 0.6× | 29.9% | 0.0% |
| Hub HUBG | United States | $1.48B | -44% | n/a | n/a | n/a | n/a | n/a |
| CMST Development 600787.SS | China | $1.49B | -12% | +23% | 0% | 0.1× | n/a | n/a |
| Fukuyama Transporting 9075.T | Japan | $1.51B | +18% | +6% | 4% | 1.0× | 12.0% | +2.2% |
| Cargojet CJT.TO | Canada | $1.00B | +15% | +1% | 10% | 2.2× | 12.4% | +8.2% |
| Konoike Transport 9025.T | Japan | $973M | +2% | +1% | 6% | 0.4× | -12.5% | +4.0% |
| Hangzhou SF Intra-city Industrial 9699.HK | Hong Kong | $941M | -24% | +32% | 1% | 0.2× | 5.9% | +35.5% |
| Xiamen International Trade 600755.SS | China | $1.77B | -10% | +28% | 0% | 0.2× | n/a | n/a |
| Orient International Enterprise 600278.SS | China | $919M | +1% | -12% | 1% | 0.1× | n/a | n/a |
| Swedish Logistic Property SLP-B.ST | Sweden | $876M | -9% | +27% | 86% | 15.9× | 11.6% | +60.3% |
| Hengtong Logistic 603223.SS | China | $870M | -9% | +2% | 30% | 3.9× | -9.5% | -24.6% |
| Shenzhen Easttop Supply Chain Management 002889.SZ | China | $845M | +14% | -35% | 6% | 2.4× | 12.0% | +6.7% |
| Hamakyorex 9037.T | Japan | $808M | -2% | +9% | 10% | 0.9× | -9.0% | +5.5% |
| Ferrari FERGR.AS | Netherlands | $780M | -4% | +3% | 17% | 1.7× | -2.7% | +5.0% |
| Shenzhen Feima International Supply Chain 002210.SZ | China | $768M | -36% | +116% | 11% | 12.9× | 34.5% | +1.5% |
| Liaoning Cheng Da 600739.SS | China | $2.29B | -16% | -27% | -17% | 3.1× | 4.4% | -10.1% |