Shipping Corporation of India Ltd
Shipping Corporation of India Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q4 FY26 call signalled
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The short version
SCI aspires to grow revenue by 2 to 3 times in the next 4 to 5 years, factoring in the impact of the JV with oil marketing companies (Page 18). SCI aims to grow revenue by 2-3 times over the next 4-5 years, driven largely by the proposed JV with Oil Marketing Companies (OMCs) and strategic initiatives.
From Shipping Corporation of India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- SCI aspires to grow revenue by 2 to 3 times in the next 4 to 5 years, factoring in the impact of the JV with oil marketing companies (Page 18).
- Fleet expansion plans include acquiring around 216 vessels by 2047 with an investment of INR 1 lakh crore, executed via a mix of JV routes and independent orders (Page 16).
- Initially, fleet growth will include second-hand vessels for quick augmentation, followed by new-build vessels primarily constructed in India to support domestic shipbuilding (Page 16).
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Profitability & Margins
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Capital Expenditure Plans
- The Shipping Corporation of India (SCI) plans a large fleet expansion aiming to purchase around 216 vessels with an investment of INR 1 lakh crores by 2047.
- Of these, 59 vessels are planned under the oil and gas demand aggregation JV.
- Approximately 51 vessels are planned under Bharat Container Shipping Line JV, with SCI expected to hold around 30% shareholding.
- Initial fleet augmentation will include purchasing second-hand vessels in the first 2-3 years, followed by new-build vessels, primarily built in India to support the domestic shipbuilding industry.
- Vessel acquisitions undergo a rigorous project evaluation ensuring an IRR in the range of 10% to 12%.
- Tenders have been floated for acquiring new tankers, container vessels, and MR tankers, some possibly for the proposed oil and gas JV.
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Top-ranked in Transport Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- SCI has planned a large fleet expansion targeting around 216 vessels with an investment of INR 1 lakh crores by 2047 (Page 16).
- Of these, 59 vessels are scheduled under the oil and gas sector as part of demand aggregation, linked to the proposed JV with oil companies (Page 16).
- Approximately 51 vessels are planned under the Bharat Container Shipping Line JV with CONCOR, expected to unfold up to 2047 (Page 14, 16).
- The remaining vessels will be primarily under SCI's independent expansion or potentially through new JVs (Page 16).
- Initial fleet augmentation includes purchasing second-hand vessels to bridge the delivery timeline until new-build vessels, mostly ordered in India, join the fleet (Page 16).
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Shipping Corporation of India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.5K Cr, net profit ₹405 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Shipping Corporation of India Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Shipping Corporation of India Ltd Q4 FY26 results?
SCI aspires to grow revenue by 2 to 3 times in the next 4 to 5 years, factoring in the impact of the JV with oil marketing companies (Page 18). SCI aims to grow revenue by 2-3 times over the next 4-5 years, driven largely by the proposed JV with Oil Marketing Companies (OMCs) and strategic initiatives.
What is Shipping Corporation of India Ltd share price analysis?
Shipping Corporation of India Ltd currently shows a below-average growth signal. The stock trades at a P/E of 10.3 with a market cap of ₹14,007 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shipping Corporation of India Ltd planning capital expenditure?
The Shipping Corporation of India (SCI) plans a large fleet expansion aiming to purchase around 216 vessels with an investment of INR 1 lakh crores by 2047.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.