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This Navratna Stock Rose Over 6% On Monday: Check Details

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The Shipping Corporation of India is a government-owned company in India. It is managed by the Ministry of Shipping, Government of India, with headquarters in Mumbai, Maharashtra, India, and operates and manages vessels for both national and international lines.

 

The Shipping Corporation of India (SCI) has grown to become India's largest shipping enterprise. SCI is also involved in a number of aspects of the shipping industry.

This Navratna Stock Rose Over 6% On Monday: Check Details

SCI, the country's leading shipping line, owns and operates almost one-third of India's tonnage and has holdings in virtually every aspect of the shipping industry, serving both domestic and international commerce.

On August 1, 2008, the Indian government granted SCI Navratna status, boosting the company's autonomy and delegation of rights in areas like as capital expenditure, joint venture formation, mergers, and so on.

On Monday, the stock was spotted booming on the bourses, having risen more than 6%, with an MTD increase of more than 9%. The stock is on the cusp of a multi-year breakthrough as a result of this uptrend.

The stock returned 192.77 percent over three years, compared to 96.44 percent for the Nifty Midcap 100. Shipping Corporation of India Ltd., founded in 1950, is a Mid Worth company in the Shipping industry with a market cap of Rs 6,181.15 crore. In the most recent quarter, the company generated a net profit after tax of Rs 145.45 crore.

 

Dividend Details

Since June 7, 2001, Shipping Corporation of India Ltd. has issued 20 dividends. Shipping Corporation of India Ltd. has issued an equity dividend of Rs 0.25 per share in the last 12 months. This calculates to a dividend yield of 0.19 percent at the current share price of Rs 133.65.

ParameterValues
Market Cap (Rs. in Cr.)6148.55
Earning Per Share (EPS TTM) (Rs.)9.58
Price To Earnings (P/E) Ratio13.78
Book Value Per Share (Rs.)165.85
Price/Book (MRQ)0.80
Price/Earning (TTM)5.74
ROCE (%)5.57
PAT Margin16.69
Dividend Yield0.19
Face Value10

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Story first published: Monday, October 11, 2021, 12:00 [IST]
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