Shipping Corporation of India Ltd
About
Shipping Corporation of India (SCI), established in 1961, is a government-owned entity and one of the largest shipping company in India. SCI has been conferred “Navratna” status. The company operates a diversified fleet of 59 vessels, including tankers, bulk carriers, container ships, and offshore supply vessels. The firm provides services in cargo transportation, offshore energy support, and passenger shipping. SCI manages operations across major Indian ports and has a global presence in international shipping routes. The corporation also offers ship management services and training for maritime professionals through its Maritime Training Institute in Mumbai. Headquartered in Mumbai, the SCI owns and operates around one-third of the Indian tonnage.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5330 -10.8% | 5978 15.9% | 5158 32.0% | 3907 -16.9% | 4703 12.9% | 4164 13.5% | 3670 1.0% | 3633 -14.4% | 4243 -9.8% | 4706 3.7% | 4539 -4.1% | 4734 5.2% | 4500 12.0% | 4020 3.0% | 3903 -14.5% | 4564 - |
| Net Operating Income (INR Cr) | 5047 -12.90% | 5794 16.16% | 4988 34.69% | 3703 -16.32% | 4425 14.27% | 3873 11.63% | 3469 0.64% | 3447 -14.88% | 4050 -6.06% | 4311 0.00% | 4232 0.86% | 4196 8.48% | 3868 7.59% | 3595 3.80% | 3463 -16.88% | 4167 11.80% |
| Profit (INR Cr) | 679 -22.0% | 870 1.1% | 861 23.6% | 696 106.9% | 336 - | -63 - | 307 68.1% | 182 -76.7% | 782 300.8% | 195 - | -275 - | -114 - | -428 - | 567 50.5% | 377 -59.9% | 941 - |
| Assets (INR Cr) | 10513 9.8% | 9576 3.6% | 9245 -22.4% | 11910 -3.3% | 12316 -1.7% | 12525 -3.0% | 12912 3.5% | 12473 -2.0% | 12728 -11.6% | 14397 -2.2% | 14721 -1.2% | 14898 13.3% | 13145 9.8% | 11976 32.6% | 9034 4.1% | 8680 - |
| Net Worth (INR Cr) | 7540 9.2% | 6902 15.5% | 5974 -26.9% | 8168 9.1% | 7484 4.2% | 7183 -0.7% | 7235 5.0% | 6894 2.3% | 6738 3.4% | 6519 0.0% | 6340 -4.2% | 6616 -1.8% | 6734 -6.1% | 7168 13.1% | 6337 2.1% | 6208 10.2% |
| Employee Cost (INR Cr) | 499 5.2% | 474 -1.5% | 482 2.2% | 471 -0.5% | 474 6.4% | 445 -7.9% | 484 16.4% | 416 -14.3% | 485 15.4% | 420 2.7% | 409 -7.5% | 443 7.7% | 411 -4.0% | 428 -16.0% | 510 -1.0% | 515 - |
| Interest Cost (INR Cr) | 171 | 185 | 161 | 22 | 367 | 362 | 180 | 174 | 195 | 239 | 208 | 162 | 387 | 67 | 53 | 65 |
| Cash & Bank Balance (INR Cr) | 1314 | 554 | 386 | 1036 | 938 | 998 | 1111 | 1376 | 1285 | 1335 | 1019 | 1265 | 1442 | 2467 | 2406 | 2673 |
| Total Debt (INR Cr) | 2914 | 2605 | 3200 | 3679 | 4767 | 5277 | 5585 | 5492 | 5845 | 7739 | 8257 | 8164 | 6323 | 4715 | 2697 | 2472 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 12.7% | 14.6% | 16.7% | 17.8% | 7.2% | - | 8.4% | 5.0% | 18.4% | 4.1% | - | - | - | 14.1% | 9.7% | 20.6% |
| Profit As % Of Assets | 6.5% | 9.1% | 9.3% | 5.8% | 2.7% | - | 2.4% | 1.5% | 6.1% | 1.4% | - | - | - | 4.7% | 4.2% | 10.8% |
| Profit As % Of Networth | 9.0% | 12.6% | 14.4% | 8.5% | 4.5% | - | 4.2% | 2.7% | 11.6% | 3.0% | - | - | - | 7.9% | 6.0% | 15.2% |
| Interest Cost to EBITDA % | 12.0% | 11.9% | 10.5% | 1.9% | 32.1% | 50.7% | 26.8% | 22.3% | 14.3% | 26.1% | 38.8% | 51.3% | 1638.3% | 8.8% | 11.2% | 6.2% |
| Debt to Equity Ratio | 0.39 | 0.38 | 0.54 | 0.45 | 0.64 | 0.73 | 0.77 | 0.80 | 0.87 | 1.19 | 1.30 | 1.23 | 0.94 | 0.66 | 0.43 | 0.40 |
| RONW | 9.4% | 13.3% | 12.0% | 8.9% | 3.5% | - | 4.2% | 2.7% | 11.8% | 1.6% | - | - | - | 5.8% | 4.5% | 15.9% |
| ROCE | 8.1% | 10.4% | 10.0% | 6.1% | 5.3% | 1.8% | 1.7% | 3.2% | 7.5% | 2.7% | 0.0% | -2.8% | -2.1% | 5.0% | 4.6% | 14.2% |