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

The Shipping Corporation of India Ltd (SCI), established on October 2, 1961, is the largest shipping company in India. A public sector undertaking under the ownership of the Government of India, SCI operates under the management of the Ministry of Ports, Shipping, and Waterways. Headquartered in Mumbai, the company has carved out a significant presence in the maritime sector with a diverse fleet that includes bulk carriers, tankers, container vessels, and offshore service ships.

In 2022, SCI reported revenue of ₹5,098.59 crore and a net income of ₹809.26 crore, backed by total assets of ₹13,855.06 crore and total equity amounting to ₹8,699.64 crore. With a workforce of 554 employees (as of January 2022), the company provides a range of services, including International Container Services, Liquid/Dry Bulk Services, Offshore Services, Passenger Services, and Break-Bulk Services. SCI continues to be a vital contributor to India’s maritime logistics and transportation industry, serving both domestic and international routes.

Latest News about Shipping Corporation of India Ltd 

The Shipping Corporation of India Ltd (SCI) has recently made headlines due to a few notable developments. The company has been issued a ₹160 crore GST demand notice by the Deputy Commissioner of State Tax, Government of Maharashtra, stemming from an input credit discrepancy identified during a GST audit for the 2019-20 financial year. Moreover, SCI is set to trade ex-dividend in the coming week, which implies that its stock will no longer carry the value of its upcoming dividend payment. In another key update, SCI has declared the demerger of its non-shipping operations into a new entity named Shipping Corporation of India Land and Assets Ltd (SCILAL), aimed at sharpening its focus on core shipping activities.

Shareholdings Patterns of Shipping Corporation of India

	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) has remained relatively stable in recent quarters, with some noticeable trends among institutional and public investors. As of June 2024, promoters continue to hold a consistent majority stake of 63.75%. Foreign Institutional Investors (FIIs) have slightly increased their stake from 2.89% in June 2023 to 4.56% in June 2024, reflecting growing foreign interest in the company. Domestic Institutional Investors (DIIs) also showed a steady increase in their holdings, rising from 7.01% in June 2023 to 8.69% in June 2024. Meanwhile, the public shareholding has gradually decreased from 26.36% in June 2023 to 23.01% in June 2024, suggesting a shift in share ownership towards institutional investors. Additionally, the number of shareholders has grown significantly, from 1,83,339 in June 2023 to 3,24,156 in June 2024, indicating an expanding base of investors.

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➤ Zerodha

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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	282.85	245.96
October 2024	280.05	243.52
November 2024	291.26	253.27
December 2024	294.17	255.80

In 2024, the Shipping Corporation of India is anticipated to experience the following price movements. In September, the maximum price is projected to reach ₹282.85, while the minimum could settle around ₹245.96. Moving to October, the maximum price might be ₹280.05, with a minimum of ₹243.52. By November, the highest price is expected to be ₹291.26, and the minimum around ₹253.27. As we close the year in December, the Shipping Corporation of India is forecasted to see its maximum price at ₹294.17 and a minimum of ₹255.80.

Shipping Corporation of India Share Price Target 2025

When	Maximum Price	Minimum Price
January 2025	297.11	228.55
February 2025	300.11	230.85
March 2025	306.41	235.70
April 2025	303.38	233.37
May 2025	294.54	226.57
June 2025	307.80	236.77
July 2025	301.76	232.12
August 2025	311.10	239.30
September 2025	314.83	242.18
October 2025	323.01	248.47
November 2025	331.09	254.68
December 2025	345.99	266.14

As we step into 2025, the Shipping Corporation of India is expected to see the following price trends. In January, the maximum price is projected to reach ₹297.11, with a minimum of ₹228.55. By December, the maximum price is anticipated to rise to ₹345.99, while the minimum could be around ₹266.14.

Shipping Corporation of India Share Price Target 2026

When	Maximum Price	Minimum Price
January 2026	356.37	274.13
February 2026	347.46	267.28
March 2026	354.41	272.62
April 2026	361.64	278.19
May 2026	358.06	275.43
June 2026	367.01	282.32
July 2026	359.82	276.78
August 2026	370.94	285.34
September 2026	378.36	291.05
October 2026	388.20	298.62
November 2026	397.90	306.08
December 2026	407.85	313.73

Shipping Corporation of India Share Price Target 2027

When	Maximum Price	Minimum Price
January 2027	411.93	316.87
February 2027	422.49	324.99
March 2027	438.97	337.67
April 2027	430.36	331.05
May 2027	417.83	321.41
June 2027	436.63	335.87
July 2027	428.07	329.28
August 2027	441.31	339.47
September 2027	456.75	351.35
October 2027	468.63	360.48
November 2027	480.35	369.50
December 2027	492.35	378.73

Shipping Corporation of India Share Price Prediction 2028

When	Maximum Price	Minimum Price
January 2028	502.20	386.31
February 2028	515.08	396.21
March 2028	535.17	411.67
April 2028	524.67	403.59
May 2028	509.39	391.84
June 2028	532.31	409.47
July 2028	521.88	401.44
August 2028	538.02	413.86
September 2028	556.85	428.34
October 2028	571.33	439.48
November 2028	585.61	450.47
December 2028	600.25	461.73

Shipping Corporation of India Share Price Target 2029

When	Maximum Price	Minimum Price
January 2029	612.25	470.96
February 2029	627.95	483.04
March 2029	652.44	501.88
April 2029	639.65	492.04
May 2029	621.02	477.71
June 2029	648.97	499.20
July 2029	636.24	489.42
August 2029	655.92	504.55
September 2029	678.88	522.21
October 2029	696.53	535.79
November 2029	713.94	549.18
December 2029	731.79	562.91

Shipping Corporation of India Share Price Target 2030

When	Maximum Price	Minimum Price
January 2030	746.42	574.17
February 2030	765.56	588.89
March 2030	795.42	611.86
April 2030	779.82	599.86
May 2030	757.11	582.39
June 2030	791.18	608.60
July 2030	775.67	596.67
August 2030	799.66	615.12
September 2030	827.64	636.65
October 2030	849.16	653.20
November 2030	870.39	669.53
December 2030	892.15	686.27

In 2030, the Shipping Corporation of India is expected to experience the following price trends. In January, the maximum price is projected to reach ₹746.42, with a minimum of ₹574.17. By December, the maximum price is anticipated to rise to ₹892.15, while the minimum could be around ₹686.27.

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 reflects a fluctuating yet resilient trajectory, characterized by a steady increase in sales and consistent operational profitability. From March 2020 to the trailing twelve months (TTM), SCI’s sales grew from ₹4,425 crore to ₹5,360 crore, peaking at ₹5,794 crore in March 2023 before slightly declining to ₹5,046 crore in March 2024. This growth in sales has been accompanied by a corresponding increase in expenses, which rose from ₹3,283 crore in March 2020 to ₹3,790 crore in the TTM. Despite the rise in expenses, the company has managed to sustain its operating profit, which increased from ₹1,143 crore in March 2020 to ₹1,570 crore in the TTM.

The Operating Profit Margin (OPM) of SCI has remained robust, hovering around 26% to 31% over the five-year period, with a slight dip to 27% in March 2023, before stabilizing at 29% in the TTM. This stability indicates the company’s ability to maintain cost efficiencies while growing its revenue base. The net profit has also shown a commendable trend, increasing from ₹302 crore in March 2020 to ₹800 crore in March 2023, before moderating to ₹612 crore in March 2024. In the TTM, the net profit stands at ₹752 crore, reflecting a recovery from the prior year.

Earnings Per Share (EPS) have mirrored the company’s net profit trajectory, rising from ₹6.49 in March 2020 to a peak of ₹17.18 in March 2023, followed by a decrease to ₹13.14 in March 2024, and then an uptick to ₹16.13 in the TTM. This fluctuation in EPS highlights the impact of varying profit levels and market conditions over the years. Additionally, the company’s dividend payout ratio has remained relatively low, ranging from 2% to 4%, which may suggest a strategy focused on reinvestment for future growth or maintaining reserves.

In terms of other income, there was a notable increase to ₹215 crore in March 2024 and further to ₹233 crore in the TTM, which contributed positively to the overall profitability. Interest expenses have remained manageable, with a slight increase from ₹171 crore in March 2024 to ₹176 crore in the TTM. Depreciation costs have gradually risen over the years, reflecting ongoing investments in assets, from ₹671 crore in March 2020 to ₹912 crore in the TTM.

FAQs

What is the current share price of Shipping Corporation of India?

The current share price of Shipping Corporation of India is subject to market fluctuations and can vary daily but is Rs 267 as of 5th September 2024.

What is the target share price for Shipping Corporation of India in 2024?

The target share price for Shipping Corporation of India in 2024 depends on several factors, including market conditions and company performance.

What is the average target share price for Shipping Corporation of India in the coming years?

The average target share price for Shipping Corporation of India in the coming years is subject to change and will depend on various factors, including market conditions and the company’s financial performance.

What is the current recommendation for investing in Shipping Corporation of India’s shares?

The current recommendation for investing in Shipping Corporation of India’s shares may vary among financial experts and analysts, and investors should conduct their research before making any investment decisions.

Should investors consider investing in Shipping Corporation of India’s shares for the long term?

Investing in Shipping Corporation of India’s shares for the long term may be suitable for some investors, depending on their investment goals and risk tolerance. However, it is important to conduct thorough research and seek professional advice before making any investment decisions.

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Conclusion

In conclusion, the Shipping Corporation of India Ltd (SCI) showcases a strong financial position marked by steady revenue growth, robust operating profits, and a resilient net profit trajectory. With sales rising from ₹4,425 crore in March 2020 to ₹5,360 crore in the trailing twelve months and an operating profit margin consistently between 26% and 31%, SCI demonstrates effective cost management and operational efficiency. The company’s net profit has significantly increased over the years, reflecting its capacity to maintain profitability despite market fluctuations. The consistent EPS growth and prudent dividend payout further underscore SCI’s financial stability. Overall, SCI’s robust performance and strategic focus on core shipping activities position it well for continued growth and make it an attractive prospect for investors.