Shipping Corporation of India Ltd. was listed on the BSE on August 35, 1997. In the last five years, its stock has given a massive return of around 300%. Will SCI continue to provide such great returns in the future as well? Let’s explore SCI’s growth potential and the SCI share price target 2025 to 2050 in this article.
About SCI
Shipping Corporation of India Ltd. (SCI) is a government-owned company that works under the Ministry of Ports, Shipping, and Waterways. It was formed on October 2, 1961, when Eastern Shipping Corporation and Western Shipping Corporation merged. SCI is India’s biggest shipping company and plays an important role in the country’s maritime trade.
SCI Business Model
- Shipping and Chartering Services: The Shipping Corporation of India (SCI) provides shipping and chartering services through its diverse group of ships, including crude oil tankers, product tankers, bulk carriers, container ships, and offshore supply vessels. It transports crude oil, petroleum products, coal, fertilisers, and other bulk cargo across domestic and international shipping routes for public and private sector companies. SCI provides its ships on a time and travel basis, allowing for flexible revenue streams based on market dynamics.
- Maritime Support and Offshore Logistics: SCI offers specialized marine services to the oil exploration and production sector. This includes support for offshore drilling activities through platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSVs), and other offshore logistics solutions.
SCI Fundamental Analysis
| Stock Name | Shipping Corporation of India Ltd. |
|---|---|
| NSE Symbol | SCI |
| Market Cap | ₹ 10,576 Cr. |
| 52W High | ₹ 385 |
| 52W Low | ₹ 138 |
| Stock P/E | 12.5 |
| Book Value | ₹ 178 |
| Dividend Yield | 0.22 % |
| ROCE | 9.89 % |
| ROE | 10.6 % |
| Face Value | ₹ 10.0 |
| Industry PE | 12.8 |
| Price to book value | 1.27 |
| Debt to equity | 0.27 |
| PEG Ratio | 0.46 |
| Quick ratio | 2.08 |
| Shareholders | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Promoters | 63.75% | 63.75% | 63.75% |
| FIIs | 3.23% | 4.66% | 4.68% |
| DIIs | 7.01% | 7.87% | 3.16% |
| Public | 26.01% | 23.74% | 28.41% |
| No. of Shareholders | 1,75,143 | 3,04,527 | 4,60,808 |
Key Factors Driving SCI Future Growth
- Government Push for Maritime Modernization: The Government of India’s Sagarmala Programme aims to modernize ports, enhance port connectivity, and promote coastal shipping. As the country’s largest shipping company, the Shipping Corporation of India (SCI) will benefit from increased cargo movement, improved port infrastructure, and enhanced operational efficiencies, positioning it for long-term growth.
- Privatization and Strategic Disinvestment: The government’s plan to divest its majority stake in SCI can bring in strategic investors with global expertise, capital infusion, and modern management practices. This could lead to improved competitiveness, better asset utilization, and expansion into new shipping segments or routes.
- Expansion of Indian Maritime Trade: India’s growing international trade volumes, especially in crude oil, coal, LNG, and container cargo, will drive higher demand for marine logistics. SCI, with its diverse fleet of tankers, bulk carriers, and container vessels, is well-positioned to capitalize on this trend and increase its freight revenues.
- Development of Coastal and Inland Water Transport: The Indian government’s renewed focus on developing coastal and inland waterways, under the National Waterways Act and the Gati Shakti plan, can significantly boost SCI’s coastal and feeder services. This opens up new revenue streams and supports multi-modal logistics integration.
- Maritime Development Fund Backed by the Government: The Indian government is setting up a ₹25,000 crore Maritime Development Fund to help with green energy projects, shipbuilding, and repairs.
- Starting a New Shipping Company: SCI is working with oil, gas, and fertilizer companies that are run by the government to start a new shipping company. The goal is to add 1,000 ships to the fleet over the next ten years. The goal of this project is to cut down on freight costs and depend less on foreign carriers.
- Growth into LNG transportation: SCI is the only Indian shipping company that transports LNG; it has stakes in two Indian LNG transportation agreements.
Pros of SCI
- Strong Profit Growth: SCI profits have grown at a CAGR of 27% over the last five years.
- Low P/B Ratio (Undervalued Stock): SCI Price to Book Value (P/B) ratio is 1.27, which shows that its stock is trading close to its intrinsic value and may be undervalued.
- Low Debt Levels: SCI debt to equity ratio is 0.27, which indicates that the company is less dependent on debt, which reduces its financial risk.
Cons of SCI
- Poor Sales Growth – SCI has delivered a poor sales growth of 4% over the last three years.
- Low Return on Capital Employed (ROCE): SCI 5-year average ROCE is 8.85%, which shows that SCI is not using its capital efficiently to generate profits.
- Decrease in Institutional Confidence: DIIs have reduced their holding to 3.16% in March 2025 from 3.63% in December 2024 while FIIs have reduced their holding to 4.68% in March 2025 from 4.79% in December 2024, indicating a decline in institutional confidence in the company’s future growth prospects.
SCI Ltd Balance Sheet
| Particulars | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Equity Capital | 466 | 466 | 466 |
| Reserves | 6,437 | 7,074 | 7,846 |
| Borrowings | 2,605 | 2,914 | 2,228 |
| Other Liabilities | 1,936 | 1,646 | 1,161 |
| Total Liabilities | 11,443 | 12,100 | 11,701 |
| Fixed Assets | 7,403 | 7,004 | 6,711 |
| CWIP | 34 | 42 | 4 |
| Investments | 611 | 657 | 826 |
| Other Assets | 3,395 | 4,397 | 4,159 |
| Total Assets | 11,443 | 12,100 | 11,701 |
By the end of 2025, the SCI share price is expected to be around ₹260 in normal conditions. In a bear market, it might be ₹210, and in a bull market, it may go up to ₹330.
| SCI Share Price Target 2025 | Rupees (₹) |
|---|---|
| Bear Market | 210 |
| Normal Market | 260 |
| Bull Market | 330 |
In 2026, the SCI share price is expected to be around ₹310 in a normal situation. In a bear market, it might be ₹230, and in a bull market, it may cross ₹430.
| SCI Share Price Target 2026 | Rupees (₹) |
|---|---|
| Bear Market | 230 |
| Normal Market | 310 |
| Bull Market | 430 |
According to our analysis, the SCI share price is expected to be around ₹380 in 2027. In a bear market, it might be ₹250, and in a bull market, it may cross ₹550.
| SCI Share Price Target 2027 | Rupees (₹) |
|---|---|
| Bear Market | 250 |
| Normal Market | 380 |
| Bull Market | 550 |
According to our analysis, the SCI share price may trade near ₹450 by 2028; bearish conditions could pull it down to ₹280, while a strong bull run might lift it to ₹720.
| SCI Share Price Target 2028 | Rupees (₹) |
|---|---|
| Bear Market | 280 |
| Normal Market | 450 |
| Bull Market | 720 |
Under normal conditions, the SCI share price might hit ₹540 by 2029. A bearish trend could lower it to ₹320, whereas a bullish surge could raise it to ₹940.
| SCI Share Price Target 2029 | Rupees (₹) |
|---|---|
| Bear Market | 320 |
| Normal Market | 540 |
| Bull Market | 940 |
In a normal situation, the SCI share price is projected to be approximately ₹650 in 2030. In a bear market, the value may be as low as ₹380, while in a bull market, it may rise to ₹1200.
| SCI Share Price Target 2030 | Rupees (₹) |
|---|---|
| Bear Market | 380 |
| Normal Market | 650 |
| Bull Market | 1200 |
By 2035, the SCI share price is projected to be around ₹1350 under normal conditions. In adverse markets, the price could fall to ₹450, while favorable conditions might push it up to ₹3600.
| SCI Share Price Target 2035 | Rupees (₹) |
|---|---|
| Bear Market | 450 |
| Normal Market | 1350 |
| Bull Market | 3600 |
Under normal conditions, the SCI share price might hit ₹2600 by 2040. A bearish trend could lower it to ₹650, whereas a bullish surge could raise it to ₹10,800.
| SCI Share Price Target 2040 | Rupees (₹) |
|---|---|
| Bear Market | 650 |
| Normal Market | 2600 |
| Bull Market | 10,800 |
In 2050, the SCI share price is expected to be around ₹12,500 in a normal situation. In a bear market, it might be ₹2000, and in a bull market, it may go up to ₹65,000.
| SCI Share Price Target 2050 | Rupees (₹) |
|---|---|
| Bear Market | 2000 |
| Normal Market | 12,500 |
| Bull Market | 65,000 |
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
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