Shipping Corporation of India Land & Assets Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Shipping Corporation of India Land & Assets Ltd trades at ₹41.7, in a downtrend and 82 weeks into that stage. That is −10.2% against its own 200-day average. It sits at 27% of a 52-week range of ₹38 to ₹53. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (6 weeks and counting).

Today the stock is in a downtrend — week 82 of stage 4, confirmed. At ₹41.7 it trades −10.2% versus its 200-day average and sits at 27% of its 52-week range (₹38–₹53).

Against the market, two honest reads. Cumulative: over the last 2.3 years the stock moved +9% while the NIFTY 500 moved +16% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (6 weeks and counting; last ahead the week of 2026-06-19) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 40th percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Shipping Corporation of India Land & Assets Ltd trades at 66.8× P/E, mid-range by its own standards (40th percentile). Its long-run median P/E is 68.9×, measured across 2.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 66.8× is mid-range by its own standards (40th percentile), against a long-run median of 68.9× measured over 2.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Shipping Corporation of India Land & Assets Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −67.4% at the trough to +9.9% off a 2-quarter-old trough (single-quarter readings), ROCE holding at 1.0%. The read is built from 10 quarters across 3 curves, on partial evidence.

Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

38.0/100 — rank 23 of 36 in Miscellaneous · 68% evidence confidence

Shipping Corporation of India Land & Assets Ltd scores 38.0 out of 100 against the 36 companies it is compared with in Miscellaneous, ranking 23. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 15.5 + 9 + 9.3 + 4.2 = 38. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Shipping Corporation of India Land & Assets Ltd reported ₹5.8 Cr of revenue in the Mar 26 quarter, +19.1% year on year. The last full year, FY26, came in at ₹23.0 Cr. The last four reported quarters add to ₹23.3 Cr.

Shipping Corporation of India Land & Assets Ltd reported ₹5.8 Cr of revenue in the Mar 26 quarter, +19.1% year on year. The last full year, FY26, came in at ₹23.0 Cr. The last four reported quarters add to ₹23.3 Cr.

FY26 revenue came in at ₹23.0 Cr (+27.8% on the year). The latest quarter (Mar 26) printed ₹5.8 Cr, +19.1% year on year.

Acceleration check: trailing-twelve-month revenue grew +27.3% over the last 4 quarters against +16.3%/yr over the last 8 — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: −349.6% this quarter (−284.4 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Shipping Corporation of India Land & Assets Ltd's operating margin is −349.6% in the Mar 26 quarter, −284.4 percentage points against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged −260.0% to −96.0%. The current quarter is running below every full year in that window.

Shipping Corporation of India Land & Assets Ltd's operating margin is −349.6% in the Mar 26 quarter, −284.4 percentage points against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged −260.0% to −96.0%. The current quarter is running below every full year in that window.

The latest quarter's operating margin is −349.6%, −284.4 pp against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged −260.0%–−96.0%.

🚨 Why the margin moved: operating margin went −284.4 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

→ Margins slipped — did that reach the bottom line? Next: profit null in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Shipping Corporation of India Land & Assets Ltd posted a net loss of ₹0.8 Cr in the Mar 26 quarter. Full-year FY26 profit was ₹29.0 Cr. That loss is 14.5% of the quarter's revenue. The same quarter a year earlier lost ₹224 Cr. 2 of the last 12 reported quarters were loss-making.

Shipping Corporation of India Land & Assets Ltd posted a net loss of ₹0.8 Cr in the Mar 26 quarter. Full-year FY26 profit was ₹29.0 Cr. That loss is 14.5% of the quarter's revenue. The same quarter a year earlier lost ₹224 Cr. 2 of the last 12 reported quarters were loss-making.

Mar 26 profit was ₹−0.8 Cr, null year on year. On the full year, FY26 printed ₹29.0 Cr (null).

Pace comparison, last four quarters: profit −12.6% vs revenue +32.9%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit rose — but did the cash follow? Next: −413% of the last 3 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −413% of Shipping Corporation of India Land & Assets Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−61.0 Cr of operating cash against ₹29.0 Cr of profit. After ₹1.0 Cr of capital spending, ₹−62.0 Cr was left as free cash.

FY26: operating cash of ₹−61.0 Cr against reported profit of ₹29.0 Cr, leaving free cash of ₹−62.0 Cr after ₹1.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −413% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at −413%: the cash cycle stretched 55 days between FY23 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 55 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 55-day cycle, in money terms.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Shipping Corporation of India Land & Assets Ltd's cash conversion cycle runs 55 days in FY26, up from 0 days in FY23. Capital spending ran ₹15.0 Cr over the last 3 years. At FY26 sales of ₹23.0 Cr each day of that cycle holds about ₹0.1 Cr, so roughly ₹3.0 Cr sits inside the business at any moment.

FY26: debtors at 55 days (an asset-light business — no inventory to speak of) — for a full cycle of 55 days, looser than FY23's 0.

In money terms: at FY26 sales of ₹23.0 Cr, each day of the cycle holds about ₹0.1 Cr — so the 55-day loop keeps roughly ₹3.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹15.0 Cr over the last 3 fiscal years against ₹5.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 1% and the ROIC − WACC spread is −13.7 pp.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

Shipping Corporation of India Land & Assets Ltd earns a ROCE of 1% in FY26. That is up from a trough of 1% in FY23. Return on invested capital clears the cost of that capital by −13.7 percentage points, so growth here is not yet paying for the capital it uses.

FY26 ROCE is 1%, recovered from a FY23 trough of 1% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 126.1% net margin × 0.01× asset turns × 1.18× balance-sheet leverage ≈ 1.5% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: −1.7% − 12.0% = a −13.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.00.

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

Shipping Corporation of India Land & Assets Ltd carries total debt of ₹0.0 Cr against shareholder equity of ₹3,005 Cr as of Mar 26, a debt-to-equity of 0.00 — effectively unlevered. On the annual view that ratio went from 0.00 in FY24 to 0.00 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹0.0 Cr against shareholder equity of ₹3,005 Cr — a debt-to-equity of 0.00. On the annual view, debt-to-equity went from 0.00 (FY24) to 0.00 (FY26). The returns on this page are earned, not borrowed.

→ Who owns this, and are they adding or leaving? Next: the register is quiet.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Shipping Corporation of India Land & Assets Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved −0.5 points over the same window, to 6.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −0.6 points over 8 quarters to 1.0%; Domestic institutions: −0.5 points over 8 quarters to 6.2%; Promoters: +0.0 points over 8 quarters to 63.8%.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Shipping Corporation of India Land & Assets Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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