Shipping Corporation of India Limited (SCI) is the largest shipping company in India and a Maharatna Central Public Sector Enterprise under the Ministry of Ports, Shipping, and Waterways. Founded in 1961, SCI operates a diversified fleet of over 80 vessels—including crude oil tankers, product tankers, bulk carriers, container ships, and offshore support vessels—serving global trade routes. With India’s strategic push toward maritime self-reliance under initiatives like Sagarmala and the National Maritime Development Programme, SCI is poised to play a pivotal role in the country’s logistics and energy security. After reporting strong profit growth and maintaining a healthy balance sheet, the company has re-emerged as a compelling PSU investment. This article provides a data-backed outlook on the Shipping Corporation of India share price target 2026–2030.
Shipping Corporation of India Ltd: Company Overview
- Founded: 1961
- Headquarters: Mumbai, Maharashtra
- Key Segments: Tanker Operations (crude & product), Bulk Carriers, Container Shipping, Offshore Services
- Fleet Size: 80+ vessels (including chartered-in); ~5.5 million DWT capacity
- Strategic Role: Critical to India’s energy imports (handles ~30% of public sector crude imports)
SCI benefits from long-term charter contracts with ONGC, IOCL, and global oil majors, ensuring revenue visibility. Its recent focus on fleet modernization and green shipping aligns with global decarbonization trends.
Shipping Corporation of India Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹201.75 |
| Market Capitalization | ₹9,397.03 Cr |
| No. of Shares Outstanding | 46.58 Cr |
| 52-Week High / Low | ₹225 / ₹135 |
| P/E Ratio (TTM) | 12.43 |
| P/B Ratio | 1.18 |
| EPS (TTM) | ₹16.23 |
| Book Value (TTM) | ₹170.95 |
| ROE | 11.07% |
| ROCE | 10.34% |
| Dividend Yield | 3.27% |
| Face Value | ₹10 |
| Cash | ₹550.17 Cr |
| Total Debt | ₹1,934.37 Cr |
| Debt-to-Equity | 0.24 |
| Sales Growth (YoY) | 10.83% |
| Profit Growth (YoY) | 32.99% |
| Promoter Holding | 63.75% |
Shipping Corporation of India Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹215 – ₹240 |
| 2027 | ₹230 – ₹265 |
| 2028 | ₹245 – ₹290 |
| 2029 | ₹260 – ₹320 |
| 2030 | ₹275 – ₹350 |
Shipping Corporation of India Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹215 | ₹240 |
SCI reported 32.99% YoY profit growth and 10.83% sales growth in FY2025, driven by strong tanker rates and improved fleet utilization. Trading at a P/E of 12.43x and P/B of 1.18x—below historical averages—the stock appears undervalued relative to its asset base and cash flow. A 2026 target of ₹215–₹240 assumes stable freight rates and continued dividend payouts.
Shipping Corporation of India Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹230 | ₹265 |
The company’s order book includes new LNG-ready tankers and green vessels, positioning it for future fuel transitions. If earnings grow at 15–18% CAGR and the dividend payout remains near 40%, investor interest could rise. Assuming EPS of ₹18.50–₹20.00 and P/E of 12.5–13.5x, the 2027 range of ₹230–₹265 is justified.
Shipping Corporation of India Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹245 | ₹290 |
By 2028, benefits from new vessel deliveries and long-term charters should reflect in margin stability. While ROCE (10.34%) remains modest, the capital-intensive nature of shipping justifies this. A P/E of 13–14x on projected EPS (~₹19–₹21) supports the ₹245–₹290 band.
Shipping Corporation of India Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹260 | ₹320 |
Long-term tailwinds include India’s rising seaborne trade (projected to double by 2030) and government support for flagging national vessels. Risks include volatile freight rates and bunker fuel costs. Using a P/E of 13.5–14.5x on FY29 EPS (~₹19.50–₹22), the 2029 target is ₹260–₹320.
Shipping Corporation of India Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹275 | ₹350 |
Over a five-year horizon, SCI’s value lies in its strategic national role, asset backing, and dividend consistency—not high growth. A terminal P/E of 14–15x on FY30 EPS (~₹20–₹23) justifies the ₹275–₹350 range.
Shipping Corporation of India Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Government of India) | 63.75% |
| Public & Retail | 26.71% |
| Foreign Institutional Investors (FII) | 7.13% |
| Domestic Institutional Investors (DII) | 2.41% |
| Others | 0% |
High retail participation reflects strong public trust in this iconic PSU.
Shipping Corporation of India Ltd: Strengths vs Risks
Strengths:
- Market leader in Indian shipping with strategic national importance
- Healthy dividend yield (3.27%) and consistent payout history
- Strong balance sheet: low D/E (0.24), ₹550 Cr cash
- Beneficiary of government maritime policies (Sagarmala, tonnage tax)
Risks:
- Cyclical business: vulnerable to global freight rate volatility
- High absolute debt (₹1,934 Cr), though manageable
- ROCE (10.34%) lags behind non-cyclical sectors
- Geopolitical risks (Red Sea crisis, sanctions) impact operations
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Higher than market average (cyclical sector) |
| Dividend/Income Potential | Yes (3.27% yield + consistent payouts) |
| Best For | Conservative investors seeking PSU exposure with income and strategic relevance |
Final Verdict
Shipping Corporation of India Ltd combines strategic national importance, improving profitability, and shareholder-friendly dividends. While cyclical, its current valuation offers a margin of safety for long-term investors. Our Shipping Corporation of India share price target 2026–2030 (₹215 to ₹350) reflects steady appreciation driven by asset value, policy tailwinds, and income, not speculation.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – SCI Consolidated Page (FY2025 + TTM)
- Finology Ticker – SCI Financial Ratios & Valuation
- SCI Investor Presentation (Q3 FY26, Jan 2026)
- Ministry of Ports, Shipping and Waterways – Sagarmala Progress Report
- BSE India – OFS Listing Documents (2020)
