# Shipping Corporation of India (SCI) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/sci

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹261.5
- Change: -0.74%
- As of: 2026-11-06
- 1D return: -0.74%
- 5D return: +7.00%
- 1M return: -6.86%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

SCI (261.50) exhibits a clear timeframe conflict: the daily and weekly trends are bearish, while the monthly trend remains bullish. On the daily chart, price is below all key moving averages and the Supertrend, with weak momentum (ADX 19.09). This short-term weakness is underscored by an extreme volume-price anomaly on 2026-11-05 (-1.7% return, 5.16x volume ratio) and a moderate wide-range drop on 2026-10-23. The stock is trading in the lower-middle of its 252-day range (+38.1%) and sits 24.1% below its available high, reflecting a current drawdown of -24.1%. Conversely, the monthly structure shows price above all indicators and a strong ADX of 33.52, suggesting the longer-term uptrend is intact but currently under pressure. Key support lies at 256.14 (-2.05%), with resistance at 269.41 (+3.02%).

- Timeframe Conflict: Daily/weekly trends are bearish (price below MAs/Supertrend), while the monthly trend is bullish (price above MAs/Supertrend with ADX 33.52).
- Recent Weakness: An extreme downward volume-price anomaly occurred on 2026-11-05 (-1.7%, 5.16x volume), following a -5.6% drop on 2026-10-23.
- Key Levels: Immediate support at ₹256.14; immediate resistance at ₹269.41. Stock is 24.1% off highs.
- Risk Profile: High volatility (46.5% annualized) with a current drawdown of -24.1% and maximum drawdown of -33.0%.

- Outside Bar
- Inside Bar
- Morning Star
- Doji
- Harami

### News Context

Shipping Corporation of India (SCI) reported a significant operational upswing for Q2 FY27, with net profit surging more than three-fold to ₹578 crore. This growth was underpinned by a 71.1% increase in revenue to ₹2,291 crore and an expansion in EBITDA margin to 39.4%, primarily driven by the tanker segment. Reflecting this improved profitability, SCI’s board declared an interim dividend of ₹4 per share for FY2026-27. These results were announced on November 4, 2026. In broader market context, other major entities such as Power Finance Corporation, Container Corporation of India Limited (CONCOR), RITES, and Sonata Software were also scheduled to announce Q2FY27 results and potential dividends during the same week, highlighting a period of concentrated earnings disclosures across key Indian listed equities.

- SCI's Q2 FY27 net profit rose over 3x to ₹578 crore, supported by 71.1% revenue growth to ₹2,291 crore and an EBITDA margin expansion to 39.4%.
- The tanker segment was identified as the primary contributor to SCI's profit surge, prompting the board to declare a ₹4 per share interim dividend for FY2026-27.
- SCI's earnings announcement on November 4, 2026, coincided with a broader wave of Q2FY27 result declarations from peers including PFC, CONCOR, RITES, and Sonata Software.

- [Shipping Corp Q2 profit surges over 3-fold to ₹578 crore, declares ₹4 interim dividend](https://www.cnbctv18.com/market/earnings/shipping-corp-q2-profit-surges-over-3-fold-to-%25e2%2582%25b9578-crore-declares-rs4-interim-dividend-20027320.htm)
- [Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)

### Official Filings

Shipping Corporation of India Limited (SCI) reported unaudited financial results for the half-year ended September 30, 2026, on November 4, 2026. The Board declared a First Interim Dividend of ₹4.00 per equity share (face value ₹10), representing a 40% payout ratio for FY 2026-27. The record date is fixed for November 16, 2026, with payment expected by December 3, 2026. Financially, SCI recognized a significant provision of ₹24,019 lakhs against loans extended to Joint Venture India LNG Transport Company (No.3) Ltd, citing geopolitical impacts on the JV's operations; this provision includes ₹1,136 lakhs of interest receivable. Governance disclosures highlight ongoing non-compliance with SEBI Listing Regulations regarding the appointment of Independent Directors due to Government of India delays. While a Woman Independent Director joined on August 19, 2026, restoring compliance for Risk Management and Stakeholders Relationship Committees, the Audit and Nomination and Remuneration Committees remain non-compliant. Additionally, two senior management changes took effect on November 1, 2026, including the superannuation of GM (TS-F) Bishwajit Chakravarty.

- Dividend Declaration: Board approved an interim dividend of ₹4.00 per share (40% payout); Record Date is November 16, 2026, and payment is proposed by December 3, 2026.
- Financial Provision: A provision of ₹24,019 lakhs was recognized against loans to Joint Venture ILT-3 due to geopolitical impacts, including ₹1,136 lakhs in interest receivable.
- Governance Compliance: The company remains non-compliant with SEBI regulations for the Audit and Nomination and Remuneration Committees regarding Independent Director appointments, despite partial restoration of compliance on August 19, 2026.
- Management Changes: Effective November 1, 2026, Mr. Bishwajit Chakravarty ceased as GM (TS-F) upon superannuation, and Mr. Sanjib Chattopadhyay’s reporting structure changed within the Finance Division.

- [Shipping Corporation Of India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SCI1_04112026191407_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared First Interim Dividend of Rs. 4 per equity share of face value of Rs. 10 each |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/SCI1_04112026193040_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange that Record date for the purpose of Interim Dividend is 16-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/SCI1_04112026201140_Finalsd.pdf)
- [Shipping Corporation Of India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/SCI1_04112026202018_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_213_WebXMLFile_20261104_202040150.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753166_04112026083628_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753162_04112026083534_WEB.xml)
- [Shipping Corporation Of India Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/SCI1_30102026174153_intimation_sd.pdf)
- [Shipping Corporation Of India Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/SCI1_30102026173806_intimation_sd.pdf)
- [SHIPPING CORPORATION OF INDIA LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_213_WebXMLFile_20261030_175651596.xml)

### Fundamentals

Shipping Corporation of India (SCI) demonstrates a divergence between strong annual earnings growth and recent quarterly margin pressure. For the trailing twelve months (TTM), net profit surged to ₹1,618 crore from ₹844 crore in FY2025, driven by a 79% compounded profit growth rate. However, sequential performance in Q2 FY2026-27 shows a contraction: revenue rose to ₹2,291 crore, yet Profit Before Tax fell to ₹655 crore from ₹673 crore in Q1, resulting in a sequential drop in Net Profit to ₹578 crore and EPS to ₹12.4 per share.

Financial health remains robust with declining borrowings (₹2,679 crore as of Mar 2026 vs ₹2,914 crore in Mar 2024) and improving returns on capital employed (ROCE rising to 14% in Mar 2026). The cash conversion cycle improved significantly to 75 days in Mar 2026, though working capital days increased to 140 days. Balance sheet strength is evident with equity growing to ₹10,305 crore and liabilities decreasing to ₹4,062 crore as of Sep 2026. Shareholding patterns show stable promoter holding at 63.75%, while FII participation increased to 9.58%.

The key checkpoint for investors is whether the sequential margin compression in Q2 reflects temporary operational headwinds or a structural shift, particularly given the rise in finance costs to ₹48.1 crore in Q2.

- TTM Net Profit grew 91% to ₹1,618 crore, but Q2 FY26-27 Net Profit declined sequentially to ₹578 crore despite higher revenue.
- Borrowings decreased to ₹2,679 crore (Mar 2026) and ROCE improved to 14%, indicating efficient capital usage.
- Cash reserves dropped sharply to ₹173 crore (Sep 2026) from ₹626 crore (Sep 2025), while Other Current Financial Assets more than doubled to ₹4,323 crore.
- Promoter holding remained steady at 63.75%; FIIs increased stake to 9.58%.

### Bull Case

Shipping Corporation of India (SCI) demonstrated a significant operational turnaround in Q2 FY27, with net profit surging more than three-fold to ₹578 crore. This growth was underpinned by a 71.1% increase in revenue to ₹2,291 crore and an expansion of EBITDA margins to 39.4%, primarily driven by the tanker segment. The strength of these results prompted the board to declare an interim dividend of ₹4 per share for FY2026-27, signaling improved cash generation and shareholder return capacity.

Technically, while daily and weekly trends remain bearish with the stock trading near ₹261.50 and showing negative slope indicators, the monthly trend retains a bullish super-trend direction. This divergence suggests that despite short-term volatility and a current drawdown of -24.1%, the longer-term structural momentum has not yet reversed. The constructive case hinges on the sustainability of the tanker-driven margin expansion and whether the monthly bullish structure can hold against immediate resistance levels at ₹269.41.

- Q2 FY27 net profit surged 3x to ₹578 crore, supported by 71.1% revenue growth to ₹2,291 crore and EBITDA margin expansion to 39.4%.
- Board declared an interim dividend of ₹4 per share for FY2026-27, reflecting strong cash flows from the tanker segment.
- Monthly technical trend remains bullish, contrasting with bearish daily/weekly signals, indicating potential long-term support near current levels.
- Stock faces immediate upside resistance at ₹269.41 (+3.02%) and must overcome a current price drawdown of -24.1% to confirm trend reversal.

- [Shipping Corp Q2 profit surges over 3-fold to ₹578 crore, declares ₹4 interim dividend](https://www.cnbctv18.com/market/earnings/shipping-corp-q2-profit-surges-over-3-fold-to-%25e2%2582%25b9578-crore-declares-rs4-interim-dividend-20027320.htm)
- [Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)
- [Shipping Corporation Of India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SCI1_04112026191407_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared First Interim Dividend of Rs. 4 per equity share of face value of Rs. 10 each |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/SCI1_04112026193040_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange that Record date for the purpose of Interim Dividend is 16-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/SCI1_04112026201140_Finalsd.pdf)
- [Shipping Corporation Of India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/SCI1_04112026202018_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_213_WebXMLFile_20261104_202040150.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753166_04112026083628_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753162_04112026083534_WEB.xml)
- [Shipping Corporation Of India Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/SCI1_30102026174153_intimation_sd.pdf)

### Bear Case

Shipping Corporation of India (SCI) presents a dichotomy between strong operational profitability and deteriorating market technicals. While Q2 FY27 net profit surged 3-fold to ₹578 crore with an EBITDA margin expansion to 39.4%, the stock has faced significant selling pressure. The daily Supertrend indicator is bearish, supported by negative slopes in both the 20-day SMA (-5.07) and EMA (-0.1). Momentum indicators show weakness, with the ADX at 19.09 suggesting a lack of strong directional conviction despite the downtrend. The stock is currently trading near support levels, having declined -9.5% over the last month and -15.3% over three months. Although the monthly trend remains bullish, the immediate daily setup indicates near-term vulnerability, with the price closing at ₹261.5 against a previous close of ₹263.45.

- Deteriorating Daily Trend: The daily Supertrend is bearish, with the 20-day SMA slope at -5.07 and ADX at 19.09, indicating short-term downward pressure.
- Recent Price Weakness: SCI shares have fallen -9.5% over the past month and are currently trading at ₹261.5, below the previous close of ₹263.45.
- Support Levels at Risk: Immediate technical support lies at ₹256.14 (2.05% below), while resistance is clustered around ₹269.41 (pivot) and ₹272.40.
- Operational Strength vs. Market Sentiment: Despite a 71.1% revenue increase to ₹2,291 crore and a 3-fold profit surge to ₹578 crore in Q2 FY27, the stock's monthly return of -15.3% suggests sentiment lagging fundamentals.

- [Shipping Corp Q2 profit surges over 3-fold to ₹578 crore, declares ₹4 interim dividend](https://www.cnbctv18.com/market/earnings/shipping-corp-q2-profit-surges-over-3-fold-to-%25e2%2582%25b9578-crore-declares-rs4-interim-dividend-20027320.htm)
- [Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)
- [Shipping Corporation Of India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SCI1_04112026191407_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared First Interim Dividend of Rs. 4 per equity share of face value of Rs. 10 each |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/SCI1_04112026193040_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange that Record date for the purpose of Interim Dividend is 16-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/SCI1_04112026201140_Finalsd.pdf)
- [Shipping Corporation Of India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/SCI1_04112026202018_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_213_WebXMLFile_20261104_202040150.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753166_04112026083628_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753162_04112026083534_WEB.xml)
- [Shipping Corporation Of India Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/SCI1_30102026174153_intimation_sd.pdf)

### FAQs

**What were the key financial results for Q2 FY27, and what dividend was declared?**

Shipping Corporation of India reported a net profit surge of over three-fold to ₹578 crore in Q2 FY27, driven by a 71.1% revenue increase to ₹2,291 crore and an EBITDA margin expansion to 39.4%. The Board declared a first interim dividend of ₹4 per equity share (face value ₹10), representing a 40% payout.

**When is the record date for the interim dividend, and when will payments be made?**

The record date for the interim dividend is November 16, 2026. Payment is proposed to be made within 30 days of declaration, specifically by December 2, 2026. This applies to equity shareholders holding shares as of the record date.

**Are there any significant provisions or governance issues highlighted in the filings?**

The company recognized a provision of ₹24,019 lakhs against loans to Joint Venture India LNG Transport Company (No.3) Ltd due to geopolitical impacts. Additionally, the filing notes ongoing non-compliance with SEBI Listing Regulations regarding the appointment of Independent Directors by the Government of India, although partial compliance was restored on August 19, 2026.

**How has the stock performed technically over different timeframes?**

As of November 6, 2026, the stock closed at ₹261.50. While the monthly trend remains bullish, the daily and weekly trends are bearish. The stock has seen a YTD return of +14.0% but a 6-month decline of -16.4%, with current resistance levels noted at ₹269.41 and support at ₹256.14.

- [Shipping Corp Q2 profit surges over 3-fold to ₹578 crore, declares ₹4 interim dividend](https://www.cnbctv18.com/market/earnings/shipping-corp-q2-profit-surges-over-3-fold-to-%25e2%2582%25b9578-crore-declares-rs4-interim-dividend-20027320.htm)
- [Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)
- [Shipping Corporation Of India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SCI1_04112026191407_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared First Interim Dividend of Rs. 4 per equity share of face value of Rs. 10 each |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/SCI1_04112026193040_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange that Record date for the purpose of Interim Dividend is 16-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/SCI1_04112026201140_Finalsd.pdf)
- [Shipping Corporation Of India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/SCI1_04112026202018_Finalsd.pdf)
- [Shipping Corporation of India Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_213_WebXMLFile_20261104_202040150.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753166_04112026083628_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753162_04112026083534_WEB.xml)
- [Shipping Corporation Of India Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/SCI1_30102026174153_intimation_sd.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹269.41
- Risk regime: Price Risk Requires Attention

### Support levels
- 253.93
- 215.735
- 204.365

### Resistance levels
- 272.4
- 275.37984374999996
- 292.9

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.74% |
| return_10 | +9.97% |
| return_1m | -9.52% |
| return_1y | +0.40% |
| return_20 | -6.86% |
| return_3m | -15.26% |
| return_5 | +7.00% |
| return_6m | -16.36% |
| return_since_start | +23.64% |
| return_ytd | +13.96% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -33.01% |
| annualized_volatility | +46.48% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Shipping Corporation Of India Limited Q2 FY2026-27: Revenue rises 24% QoQ, profit eases

Revenue from operations increased 24% quarter on quarter to ₹2,291 crore in Q2 FY2026-27, while expenses rose 34% to ₹1,716 crore. Profit before tax declined 2.8% to ₹655 crore and profit for the period fell 6.7% to ₹578 crore; year on year, revenue and profit were higher by 71% and 205%, respectively.

## Revenue growth and expenses

Revenue from operations rose from ₹1,847 crore in Q1 FY2026-27 to ₹2,291 crore in Q2. The increase extends a three-quarter sequential rise, following ₹1,513 crore in Q4 FY2025-26 and ₹1,847 crore in Q1 FY2026-27. Total income was ₹2,371 crore, up 21% from ₹1,957 crore in Q1, including other income of ₹80 crore.

Expenses increased by ₹433 crore to ₹1,716 crore from ₹1,283 crore in Q1, outpacing the growth in revenue. Finance costs also rose 29% to ₹48 crore from ₹37 crore. Profit before tax was ₹655 crore, down from ₹673 crore in Q1, indicating that the quarter’s higher income did not translate into sequential profit growth.

## Profit and earnings per share

Profit for the period was ₹578 crore, compared with ₹619 crore in Q1 FY2026-27. Basic and diluted earnings per share were both ₹12.40, down from ₹13.30 in Q1; trailing twelve-month EPS was ₹43.08. Tax expense was ₹9.34 crore, versus ₹8.97 crore in Q1.

## Segment performance

Segment revenue was ₹2,371 crore, up 21% quarter on quarter. Segment profit before tax declined 6.6% to ₹587 crore from ₹628 crore in Q1, consistent with the sequential reduction in consolidated profit before tax.

## Cash generation and liquidity

Cash flow from operating activities was ₹1,316 crore. Investing activities used ₹985 crore, leaving free cash flow of ₹330 crore, while financing activities used ₹273 crore. Cash and cash equivalents stood at ₹173 crore at 30 September 2026; bank balances other than cash equivalents were ₹147 crore.

## Balance sheet

Total assets were ₹14,367 crore at 30 September 2026, up from ₹13,319 crore at 31 March 2026. Equity rose to ₹10,305 crore from ₹9,096 crore over the same period, while liabilities decreased to ₹4,062 crore from ₹4,222 crore.

Current financial assets stood at ₹6,011 crore, including other current financial assets of ₹4,323 crore. Inventories were ₹396 crore. Borrowings comprised ₹411 crore of current borrowings and ₹1,945 crore of non-current borrowings at quarter-end.

## Comprehensive income

Other comprehensive income was ₹57.89 crore, taking comprehensive income to ₹636 crore, up from ₹620 crore in Q1 FY2026-27. This increase occurred despite lower profit for the period.

## Key Takeaway

SCI delivered strong sequential and year-on-year revenue growth, but expenses grew faster than income and quarterly profit and EPS declined from Q1. Operating cash flow was substantial, while quarter-end equity was higher and liabilities lower than at 31 March 2026; the key investor consideration is whether revenue growth can translate into stronger profit as costs rise.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +63.75%
- FII holding: +8.98%
- DII holding: +2.09%
- Mutual fund holding: +1.21%
- Retail holding: +16.33%
- Promoter pledged: +0.00%

### Major reported shareholders

- President Of India — +63.75%

## Official filings

- 2026-11-04 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_04112026191407_Finalsd.pdf)
- 2026-11-04 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_04112026193040_Finalsd.pdf)
- 2026-11-04 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_04112026201140_Finalsd.pdf)
- 2026-11-04 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_04112026202018_Finalsd.pdf)
- 2026-11-04 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_213_WebXMLFile_20261104_202040150.xml)
- 2026-11-04 — Financial Results Filing: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753166_04112026083628_WEB.xml)
- 2026-11-04 — Financial Results Filing: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753162_04112026083534_WEB.xml)
- 2026-10-30 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_30102026174153_intimation_sd.pdf)
- 2026-10-30 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_30102026173806_intimation_sd.pdf)
- 2026-10-30 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_213_WebXMLFile_20261030_175651596.xml)
- 2026-10-30 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_213_WebXMLFile_20261030_175958484.xml)
- 2026-10-28 — Board Meeting Notice: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_213_WebXMLFile_20261028_173933101.xml)
- 2026-10-28 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_213_WebXMLFile_20261028_173933101.xml)
- 2026-10-19 — Shareholding Disclosure: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741573_19102026043207_WEB.xml)
- 2026-10-08 — Generic Announcement: Cemindia Projects Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ITD_08102026150330_SCI_REG_74_5__Signed.pdf)
- 2026-10-08 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_08102026154738_Finalsd.pdf)
- 2026-09-29 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_29092026155831_Finalsd.pdf)
- 2026-09-28 — Management Change: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_28092026114656_Finalsd.pdf)
- 2026-09-28 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_213_WebXMLFile_20260928_121428445.xml)
- 2026-09-25 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_25092026153916_intimationsd.pdf)
- 2026-09-25 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_213_WebXMLFile_20260925_155033983.xml)
- 2026-09-24 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_24092026111945_ScrutinizerReportCountersignedsd.pdf)
- 2026-09-24 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_24092026165509_Finalsd.pdf)
- 2026-09-23 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SCI1_23092026184528_Proceedings_of_AGM_-_76th_AGMsd.pdf)
- 2026-09-10 — Generic Announcement: Shipping Corporation Of India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_213_WebXMLFile_20260910_104150457.xml)

## News and market events

- 2026-11-04 — CNBC-TV18: **Shipping Corp Q2 profit surges over 3-fold to ₹578 crore, declares ₹4 interim dividend** — Shipping Corporation of India reported a more than three-fold surge in Q2 FY27 net profit to ₹578 crore, driven by a 71.1% revenue increase to ₹2,291 crore and an expansion in EBITDA margin to 39.4%. The tanker segment was the primary contributor to this growth, leading the board to declare an interim dividend of ₹4 per share for FY2026-27. — [Source](https://www.cnbctv18.com/market/earnings/shipping-corp-q2-profit-surges-over-3-fold-to-%25e2%2582%25b9578-crore-declares-rs4-interim-dividend-20027320.htm)
- 2026-11-01 — Mint: **Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week** — Multiple companies including Power Finance Corporation, Container Corporation of India Limited, RITES, and Sonata Software are scheduled to hold board meetings this week to announce Q2FY27 results and potentially approve dividends. — [Source](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)
- 2026-10-08 — LIVELAW.IN: **Chief Manager (Legal) Vacancy At The Shipping Corporation of India Limited** — The Shipping Corporation of India Limited invites applications for the post of Chief Manager (Legal). Name of the Post: Chief Manager (Legal) No. of Post: 01 (One) Essential Qualification... — [Source](https://www.livelaw.in/job-updates/chief-manager-legal-vacancy-at-the-shipping-corporation-of-india-limited-553631)
- 2026-09-27 — IANSLIVE.IN: **How Bharat Maritime Insurance Pool is helping shipping sector tide over war-risk** — New Delhi, Sep 27 (IANS) The launch of Bharat Maritime Insurance Pool (BMIP) in May 2026 marks a significant milestone in India’s maritime insurance sector. Since its operational launch, the BMIP has ensured uninterrupted war-risk insurance for Indian maritime stakeholders. — [Source](https://ianslive.in/how-bharat-maritime-insurance-pool-is-helping-shipping-sector-tide-over-war-risk--20260927133603)
- 2026-09-16 — CNBC-TV18: **India needs its own global shipping line to cut reliance on foreign carriers, says FIEO chief** — FIEO chief Ajay Sahai says Shipping Corporation of India could be built into a global carrier handling 25-30% of India’s trade and help reduce freight dependence. — [Source](https://www.cnbctv18.com/business/india-needs-its-own-global-shipping-line-to-cut-reliance-on-foreign-carriers-says-fieo-chief-19992102.htm)
- 2026-08-31 — Mint: **From PB Fintech to Axis Bank- SAMCO Securities' expert recommends 5 stocks to buy now for long term** — Stocks to buy for the long term: The Indian stock market is range-bound amid geopolitical concerns, but experts suggest it's a good time to invest for the long term. Recommended stocks include PB Fintech and Axis Bank, which show strong technical momentum. — [Source](https://www.livemint.com/market/stock-market-news/from-pb-fintech-to-axis-bank-samco-securities-expert-recommends-5-stocks-to-buy-now-for-long-term-11788169721278.html)
- 2026-08-07 — BUSINESSTODAY: **Top stocks in news: LIC, Britannia, TVS Motor, Premier, Dabur, Apollo Tyres, Alkem Labs** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, LIC of India, Britannia Industries, TVS Motor Company, Premier Energies, Dabur India, Apollo Tyres, Siemens Energy India, Alkem Laboratories, J Kumar Infraprojects, Life Insurance Corporation of India, Kirloskar Oil Engines, Shipping Corporation of India, Vijaya Diagnostic Centre, Aegis Logistics, Aegis Vopak Terminals — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-lic-britannia-tvs-motor-premier-dabur-apollo-tyres-alkem-labs-547804-2026-08-07)
- 2026-08-07 — Mint: **Stocks to watch: SBI, Ola Electric, LIC among shares in focus today; check list here** — Stock market today: Gift Nifty was trading near the 24,657 mark, down over 82 points from the previous close of Nifty futures. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-watch-sbi-ola-electric-lic-among-shares-in-focus-today-check-list-here-11786066835314.html)
- 2026-08-07 — MONEYCONTROL: **Stocks to Watch Today: Alkem Labs, J Kumar Infra, Dabur, Britannia, Siemens Energy, Shipping Corporation, Vijaya Diagnostic Centre in focus on 7 August** — Stocks to watch, stocks in focus today, stocks in focus, share market today, top stocks, shares in focus today, shares today, today stocks to watch, trending stocks, trending stocks today, markets today, buzzing stocks, stocks today, stock market today,Britannia Industries,Siemens Energy India,Life Insurance Corporation of India,Shipping Corporation of India,Vijaya Diagnostic Centre,Apollo Tyres,Premier Energies,Alkem Laboratories,J Kumar Infraprojects,Aegis Logistics,Aegis Vopak Terminals,Dabur India,Neuland Laboratories,Orient Electric,Shadowfax Technologies,KPIT Technologies,CreditAccess Grameen,Indegene,Bandhan Bank — [Source](https://www.moneycontrol.com/news/business/markets/stocks-to-watch-today-alkem-labs-j-kumar-infra-dabur-britannia-siemens-energy-shipping-corporation-vijaya-diagnostic-centre-in-focus-on-7-august-13997019.html)
- 2026-08-07 — The Hindu: **Sensex today | Stock Market Live: Stock to buy today: Jubilant FoodWorks (₹473.75)** — Sensex, Nifty, Share Prices Live: The stock of Jubilant FoodWorks has been rallying over the past two weeks. On Monday, it broke out of a resistance at ₹456, hit a four-month high of ₹495.10 on Wednesday and has now moderated to ₹473.75. Therefore, traders can go long now at ₹473 and buy more shares if the price drops to ₹460. Place initial stop-loss at ₹430. When the stock hits ₹550, revise the stop-loss to ₹525. On a rally to ₹575, raise the stop-loss to ₹550. Book profits at ₹600. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-7th-august-2026/article71314561.ece)
- 2026-08-06 — CNBC-TV18: **Stocks to Watch for August 7: LIC, Crompton Greaves, Apollo Tyres and more** — NCC, LIC, Hindustan Construction Company (HCC), Crompton Greaves, Signature Global and Lloyds Engineering Works will remain in focus on Friday after announcing their June quarter results post market hours. Investors will also keep a close watch on companies scheduled to announce their June quarter results tomorrow, including Ola Electric, Oil India and Power Finance Corporation. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-7-life-insurance-corp-ncc-apollo-tyres-and-more-19963428.htm)
- 2026-08-06 — CNBC-TV18: **Q1 Results LIVE Updates: Britannia profit rises 14%; EBITDA, margin miss CNBC-TV18 estimates** — Q1 Results LIVE Updates; Trent, Britannia, Lupin, Samvardhana Motherson, Apollo Tyres, Blue Star, Premier Energies, HCC, NCC, PG Electroplast, Emcure Pharma, Firstsource Solutions are some of the many companies that will be reporting their results during the course of Thursday's trading session on Dalal Street. Result reactions today come from PB Fintech, Aurobindo Pharma, Cummins India, GE Vernova T&D, ION Exchange and many others. Watch this space for all the LIVE Q1 result updates, management and brokerage commentary along with stock moves. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-cummins-ge-vernova-td-pb-fintech-trent-britannia-hero-lupin-samil-pgel-apollo-tyres-sci-ncc-hcc-premier-energies-share-price-liveblog-19962840.htm)
- 2026-08-03 — MONEYCONTROL: **Trade Spotlight: How should you trade Hero MotoCorp, Anant Raj, Anthem Biosciences, KEI Industries, Escorts, BLS E-Services, and others on August 3?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,BLS E-Services,Hero MotoCorp,Jio Financial Services,Anant Raj,Anthem Biosciences,Blue Jet Healthcare,Shipping Corporation of India,KEI Industries,Escorts Kubota — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-hero-motocorp-anant-raj-anthem-biosciences-kei-industries-escorts-bls-e-services-and-others-on-august-3-13991407.html)
- 2026-07-30 — Economic Times: **FinMin launches Protection & Indemnity Insurance product under Bharat Maritime Insurance Pool** — India's Department of Financial Services launched a new sovereign-backed P&I insurance product. This product is designed by New India Assurance Company under the Bharat Maritime Insurance Pool. The insurance offers financial protection against third-party liabilities up to USD 1.5 billion. The Bharat Maritime Insurance Pool has already provided uninterrupted war risk insurance capacity. This initiative strengthens India's maritime risk management and domestic insurance capabilities. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/insure/finmin-launches-protection-indemnity-insurance-product-under-bharat-maritime-insurance-pool/articleshow/132745532.cms)
- 2026-07-30 — NEWS.WEBINDIA123.COM: **DFS launches sovereign-backed maritime protection & indemnity cover under BMIP** — The Department of Financial Services (DFS), Ministry of Finance, has launched India's first sovereign-backed Protection & Indemnity (P&I) insurance product under the Bharat Maritime Insurance Pool (BMIP). — [Source](https://news.webindia123.com/news/articles/business/20260730/4481198.html)

## Business profile

**Strategic vision:** Operates India's largest shipping fleet for national and international commerce.

### Business segments
- **Bulk Carriers:** Operates a fleet of bulk carriers for the transport of goods.
- **Crude Oil Tankers:** Manages crude oil tankers to ensure the continuous supply of crude oil for the country's economy.
- **Product Tankers:** Operates product tankers for the transportation of refined petroleum products.
- **Container Vessels:** Provides international container services with a fleet of container vessels.
- **Passenger-cum-Cargo Vessels:** Operates passenger-cum-cargo vessels for mixed transport needs.
- **LPG Carriers:** Manages LPG carriers for the transport of liquefied petroleum gas.
- **Offshore Supply Vessels:** Provides offshore supply services with a dedicated fleet.
- **Break-bulk Services:** Sole Indian shipping company providing break-bulk services.
- **Manning and Management Services:** Provides manning and management services for government-owned vessels.

### Competitive strengths
- Sole Indian shipping company providing break-bulk services.
- Manages government-owned vessels for various departments and organizations.
- Operates a diverse fleet covering multiple shipping segments.

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- [Aegis Vopak Terminals Limited (Logistics)](https://faxioms.com/stocks/aegisvopak) — +4.80%
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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/sci
Markdown representation: https://faxioms.com/stocks/sci?render=md