Synopsis:
The Shipping Corporation of India Ltd (SCI) is expanding its fleet with the addition of two large gas carriers, a move that reflects its ongoing growth strategy, With 59 vessels, major clients like Reliance and ONGC, and a focus on reducing debt.
As part of its ongoing expansion strategy, India’s largest shipping company is gearing up to boost its cargo capacity by acquiring two major gas carriers adding to an already diversified fleet.
Following the announcement made on Friday, July 4, 2025 the stock opened today at Rs. 222.50, up slightly from the previous close of Rs. 221.43, and touched an intra day high of Rs. 231.75, marking a 4.66 percent jump from the previous session.
What’s the News
The company in focus is The Shipping Corporation of India Ltd (SCI), currently valued at a market capitalization of Rs. 10,658.41 crores. SCI has signed a Memorandum of Agreement (MoA) for the acquisition of two second-hand Very Large Gas Carriers (VLGCs) with a cargo carrying capacity of approximately 82,000 CBM. These vessels are expected to be inducted into the fleet during the current quarter of FY 2025–26, marking a significant step toward enhancing the company’s operational strength and global shipping footprint.
Financially, SCI has continued to perform steadily. Revenue from Operations grew from Rs. 5,047 crores in March 2024 to Rs. 5,606 crores in March 2025, reflecting a growth of over 11 percent. Net profit increased from Rs. 679 crores to Rs. 844 crores, a 24.3 percent rise year-on-year, while Earnings Per Share (EPS) improved from Rs. 14.58 to Rs. 18.11 during the same period.
Notably, dividend payout surged from 3 percent to 36 percent, signaling stronger returns to shareholders. The company is also actively reducing its debt levels, improving its financial flexibility for future growth.
Also read: FMCG stock jumps 6% following strong Q1 update and buy rating from Nuvama with 21% upside
About the Company
Established in 1961, formed by merging Eastern Shipping Corporation and Western Shipping Corporation, SCI is the largest Indian shipping company by capacity. Two additional shipping firms, Jayanti Shipping Company and Mogul Lines Limited, were integrated into SCI through mergers in the years 1973 and 1986, respectively. In addition to its owned vessels, it manages numerous ships on behalf of government departments and agencies. It was also awarded Navratna status by the Government of India in August 2008.
With a strong portfolio of 59 vessels, which includes 32 tankers, 15 bulk carriers, 2 liners, and 10 offshore supply vessels, with a combined capacity of 5,311,210 DWT (Deadweight Tonnage). SCI serves major clients such as Reliance Industries, Bharat Forge, ONGC, Shell, and Petronas.
Written by – Manan Gangwar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
