Shipping Corporation Of India Ltd. Share Price

Shipping Corporation of India: Rs 84,084-crore offshore push

Shipping Corporation of India (NSE: SCI) is a government-owned shipping company operating tankers, bulk carriers, liners and offshore vessels. Its offshore fleet comprises six anchor-handling tug supply vessels, two PSVs and two multipurpose support vessels. What happened: Q1 FY27 consolidated revenue from operations rose 40.3% YoY to Rs 1,846.56 crore; PAT grew 74.9% YoY to Rs 619.34 crore. The Technical and Offshore segment grew 11.71% YoY to Rs 80.80 crore, just 4.4% of total revenue. In August 2026, SCI extended the SCI Delhi container vessel charter for seven more years. In March 2026, it ordered a methanol dual-fuel PSV from Mazagon Dock for US$39 million, a long-term fleet investment with no near-term revenue impact. Why it matters: The Union Cabinet approved the Rs 84,084-crore Samudra Manthan National Offshore Exploration Scheme in August 2026, running through FY2031. Eligible deepwater wells can receive up to 50% drilling cost support, capped at Rs 675 crore per well. Higher exploration activity could lift PSV charter demand, but offshore is only one part of SCI's diversified business. Tankers, not offshore, drove the Q1 earnings jump. What I am watching: Technical and Offshore as a share of consolidated revenue, PSV charter rates and utilisation, and whether the new methanol PSV secures a firm charter before delivery. My stance: SCI is a diversified shipping stock with a small offshore option in it. The Samudra Manthan scheme is meaningful, but at a PE of 8x, the market is not pricing in an offshore windfall. The offshore segment needs to cross well past 4% of revenue to shift the earnings needle. I do not hold a position in Shipping Corporation of India at the time of writing. This is not investment advice.

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SCI Moves Past Falling Trendline on Volume Surge

has moved above the descending trendline that had capped rallies since the early-August high near 320, closing the 4-hour session at 290.90, up 3.82%. The stock had been contracting inside a triangle-type structure, with lower highs pressing against a flat support base near 260-263, which was tested again in early October before the sharp rebound. The move came with a notable surge in volume, which adds weight to the price action. RSI has risen to 64.73 from the oversold zone in mid-September, in line with the bullish momentum shift visible on the chart. Resistance: 294, then 302-304 (September swing zone), and 320 (August high). Support: 282-286 (broken trendline zone), then 270-275, with 260-263 as the base of the structure. Whether the stock can confirm breakout on a closing basis in the coming sessions will help determine if this move extends or fades back into the earlier range. A return below 282 would put the breakout in question. A breakout from a contracting structure gains credibility when volume expands and momentum turns together, but holding above the broken line is what confirms it. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.

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SCI Anchors India’s Maritime Ambitions..

Shipping Corporation of India (SCI) celebrated its 65th anniversary with Union Minister Sarbananda Sonowal calling it the “anchor of India’s maritime ambitions.” The PSU plans to expand its fleet and expects FY27 profit to cross ₹2,000 crore, up from ₹1,352.9 crore last year. ⚓ Key Highlights from the 65th Anniversary Event Event Date: October 3, 2026, at Mumbai International Cruise Terminal. Chief Guest: Sarbananda Sonowal, Minister of Ports, Shipping & Waterways. Theme: Maritime Amrit Kaal Vision 2047 — India’s roadmap to become a top shipbuilding and ship-owning nation. Fleet Expansion: SCI has grown from 19 vessels (1961) to 58 vessels totaling 5.26 million DWT. Profit Outlook: FY27 PAT expected > ₹2,000 crore, compared to ₹1,352.9 crore in FY26. Business Segments: Crude/product tankers, bulk and container shipping, LPG/LNG carriers, offshore services, passenger transport, and ship management. 📈 Financial & Operational Snapshot Metric FY26 FY27 (Projected) Revenue ₹18,500 crore ₹20,000+ crore (expected) PAT ₹1,352.9 crore ₹2,000+ crore Fleet Size 58 vessels 60+ vessels (target by FY27 end) EBITDA Margin 47.8% Expected to remain above 45% SCI’s strong Q1 FY27 results already showed net profit of ₹620 crore and EBITDA margin of 47.79%, signaling robust operational efficiency. 🛳️ Strategic Vision Domestic Shipbuilding Push: SCI will collaborate with Indian shipyards to build new tankers and LNG carriers locally. Energy Security Role: The company played a key role during the Strait of Hormuz crisis, ensuring uninterrupted crude transport. Government Backing: SCI’s expansion aligns with Viksit Bharat and Atmanirbhar Bharat initiatives. Privatization Pause: The earlier divestment plan is under review; the government may remerge SCI with its land arm to strengthen maritime infrastructure. 🧭 Market & Investor Sentiment Stock Price: Around ₹267.05, down 1.28% on October 4, 2026.

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अगर ये 3 चीजें एक साथ हुईं… तो इन Stocks में जबरदस्त तेजी?

Crude Oil की तेजी की कहानी अब सिर्फ Strait of Hormuz तक सीमित नहीं रह गई है। अब दुनिया के Oil Market पर एक साथ 3 Supply Shocks का दबाव बन रहा है: SOURCE + ROUTE + REFINERY अगर ये तीनों disruptions लंबे समय तक बने रहे, तो Crude के साथ-साथ Diesel और अन्य Refined Products की कीमतों में भी बड़ा उछाल देखने को मिल सकता है। --->SOURCE — Oil Supply में कमी दुनिया में Oil Supply और Demand लगभग संतुलित रहने पर छोटी सी supply disruption भी कीमतों को तेजी से प्रभावित कर सकती है। Strait of Hormuz दुनिया के सबसे महत्वपूर्ण oil chokepoints में से एक है। EIA के अनुसार 2025 की पहली छमाही में यहां से लगभग 20.9 million barrels/day petroleum liquids गुजरते थे। --->ROUTE — Oil को पहुंचाने का रास्ता लंबा हो गया यह हिस्सा सबसे interesting है। जब Hormuz और Bab el-Mandeb जैसे महत्वपूर्ण routes प्रभावित होते हैं, तो tankers को लंबा route लेना पड़ता है। Reuters के अनुसार Saudi Arabia से Taiwan तक एक tanker को पहले लगभग 19 दिन लगते थे। --->REFINERY — असली समस्या यहां भी है! Crude Oil सीधे आपकी car में नहीं जाता। पहले उसे Refinery में process किया जाता है। और यहीं से Diesel, Petrol, Jet Fuel आदि बनते हैं। अब Global Refining System पर भी दबाव बढ़ रहा है। ---->क्या Diesel सच में 3X हो जाएगा? यह जरूरी नहीं है। 3X Diesel Price एक extreme scenario होगा और इसके लिए supply disruptions का लंबे समय तक बने रहना जरूरी होगा। Governments strategic reserves, alternate suppliers, refinery adjustments और demand destruction जैसे measures से shock को absorb करने की कोशिश कर सकती हैं। ---->किन Stocks पर सबसे ज्यादा Pressure आ सकता है?

ASIANPAINT BERGERPAINT JK TYRE APOLLOTYRE ---->किसे फायदा हो सकता है? RELIANCE MRPL ONGC OIL INDIA SCI GESHIP --->Bottom Line अगर Source, Route और Refinery — तीनों पर एक साथ Supply Shock बना रहा, तो Diesel Market में असाधारण तेजी आ सकती है। Negative Watchlist: IndiGo | Asian Paints | Berger Paints | MRF | CEAT | HPCL | BPCL | IOC Potential Beneficiaries: Reliance Industries | MRPL | CPCL | ONGC | Oil India | Select Shipping Stocks

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Shipping Corporation Targets ₹2,000 Cr FY27 Profit

Shipping Corporation of India

is targeting more than ₹2,000 crore in profit after tax (PAT) for FY27, according to Union Minister Sarbananda Sonowal. Fleet Expansion Plans SCI currently has 58 vessels in its fleet and plans to significantly expand its capacity. The company is looking to: - Induct around 30 additional vessels - Procure more than 34 vessels through joint ventures with companies in the petroleum sector Collaborate with CONCOR and four major ports to add 51 container vessels The planned expansion is aimed at increasing SCI's fleet capacity and strengthening its presence across shipping segments. Profit Target for FY27: - SCI reported standalone PAT of ₹1,352.92 crore in FY26 on standalone operating revenue of ₹5,778.1 crore. - According to the minister, SCI had already recorded more than ₹600 crore PAT in Q1 FY27, supporting the company's stated expectation of exceeding ₹2,000 crore PAT for the full financial year. - The fleet expansion, including the proposed container-vessel additions and petroleum-sector joint ventures, forms part of SCI's broader strategy to increase its shipping capacity. Disclaimer: This content is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Investors should conduct their own research and consider their risk profile before making any investment decision.

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GE Shipping's Record Quarter and ₹1,530 Buyback

Great Eastern Shipping (GE Shipping) delivered its best-ever quarter, with Q1 FY27 consolidated net profit soaring 159.5% YoY to ₹1,308.8 crore, versus ₹2,942.5 crore for the entire FY26. The board also approved a ₹900 crore share buyback at up to ₹1,530/share. The stock recently closed at ₹1,301.7, well below its 52-week high of ₹1,798. The strong performance was driven by a sharp rise in global freight rates, particularly tankers. VLCC spot rates averaged $137,000/day in Q1 FY27, up 226% YoY. GE Shipping’s crude carrier rates rose 175% to $93,026/day, while product carrier rates increased 84% to $45,471/day. Revenue from operations jumped 66.9% to ₹2,005 crore, while owned tonnage increased to 3.24 million dwt. GE Shipping also outperformed Shipping Corporation of India (SCI), with revenue growth of 66.9% vs 40.3% and profit growth of 159.5% vs 74.8%. Consolidated RoE was 15.9%, slightly ahead of SCI’s 15%. At ₹1,530, the buyback values GE Shipping at roughly 5.9x P/E, compared with about 5x currently. While this appears inexpensive, shipping remains highly cyclical. Freight rates can fall sharply with changes in global trade and geopolitics, particularly any de-escalation around the Middle East or Strait of Hormuz. The buyback provides shareholders an immediate exit at a premium and signals management’s confidence in cash flows. However, if freight rates normalize, earnings and the apparent valuation advantage could weaken. A balanced approach may therefore make sense: tender part of the holding to lock in gains while retaining some exposure if strong freight rates persist. Investors should also watch the company’s ability to secure long-term contracts that can cushion future spot-rate declines.

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