In Week of Mar 28, 2026, Shipping Corporation of India Ltd (Shipping) is outperforming Nifty 500 with +13.4% relative strength. Fundamentals: Strong. On a 5-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 28, 2026
What: Tanker business revenue grew 34.2% YoY to ₹1,097 crore with EBIT skyrocketing 388.5% YoY
Impact: +₹340 Cr revenue
“The tanker segment was the undeniable star, with its revenue growing by 34.2% year-on-year to ₹1,097 crore. More impressively, its earnings before interest and taxes (EBIT) skyrocketed by 388.5% compared to the same quarter in the previous year.”
What: Bulk carrier revenue grew 61.7% YoY with EBIT increasing 257.1% YoY
Impact: +₹400 Cr revenue
“The bulk carrier and technical & offshore segments also contributed positively, showing significant improvements in profitability.”
Earnings deceleration risks from management commentary
Trigger: Continued debt servicing obligations
Impact: -500 bps margin impact
Management view: Interest expense for the quarter stood at ₹48.39 crores, up from ₹47.38 crores in Q2 FY26 and significantly higher than ₹30.52 crores in Q1 FY26.
Monitor: Interest coverage ratio
Trigger: Continued weakness in container shipping market
Impact: -300 bps margin impact
Management view: In contrast, the liner business, which involves container transport, was a weak spot, reporting a decline in both revenue and profitability.
Monitor: Liner segment revenue
Key quotes from recent conference calls
“Better capacity utilisation across the company's diversified fleet — Management”
“The standout feature of Q3 FY26 was the dramatic margin expansion. Operating profit before depreciation, interest, tax, and other income (PBDIT excluding OI) surged to ₹678.14 crores, translating to an exceptional operating margin of 42.08% — Management”
“This revenue acceleration reflects improving freight dynamics — Management”
“Strong revenue and profit growth were reported for Q3 and nine months FY26, with a second interim dividend of Rs.3.5 per share declared. — Management”
Forward-looking targets from management for next 2-4 quarters
Key Milestones
• Second interim dividend of Rs.3.5 per share
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +23% | +4% | Inflection Up |
| PAT (Net Profit) | +433% | -1% | Inflection Up |
| OPM | 42.0% | +1500 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 28, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Shipping Corporation of India Ltd's latest quarterly results (Dec 2025) show
Shipping Corporation of India Ltd's profit is growing with an turning around (inflection up) trend.
Shipping Corporation of India Ltd's revenue growth trend is turning around (inflection up).
Shipping Corporation of India Ltd's operating margin is volatile.
Shipping Corporation of India Ltd's long-term compounding rates
Shipping Corporation of India Ltd's earnings growth is turning around (inflection up) with mixed signals on a sequential basis.
Shipping Corporation of India Ltd's trailing twelve month (TTM) performance
Shipping Corporation of India Ltd appears significantly overvalued based on our fair value analysis.
Shipping Corporation of India Ltd's current PE ratio is 9.4x.
Shipping Corporation of India Ltd's current PE is 9.4x.
Shipping Corporation of India Ltd's price-to-book ratio is 1.3x.
Shipping Corporation of India Ltd is rated Strong with a fundamental score of 60.7/100. This score is calculated from objective financial metrics
Shipping Corporation of India Ltd has a debt-to-equity ratio of N/A.
Shipping Corporation of India Ltd's return ratios over recent years
Shipping Corporation of India Ltd's operating cash flow is positive (FY2025).
Shipping Corporation of India Ltd's current dividend yield is 2.88%.
Shipping Corporation of India Ltd's shareholding pattern (Dec 2025)
Shipping Corporation of India Ltd's promoter holding has remained stable recently.
Shipping Corporation of India Ltd has been outperforming Nifty 500 for 5 consecutive weeks, indicating building momentum.
Shipping Corporation of India Ltd is an established outperformer with 5 weeks of consecutive Nifty 500 outperformance.
Shipping Corporation of India Ltd has 2 key growth catalysts identified from recent earnings analysis
Shipping Corporation of India Ltd has 2 key risks worth monitoring
In Q3 FY26, Shipping Corporation of India Ltd's management highlighted
Shipping Corporation of India Ltd's management has provided the following forward guidance for next 2-4 quarters
Based on quantitative research signals, here is why Shipping Corporation of India Ltd may be worth studying
Shipping Corporation of India Ltd investment thesis summary:
Shipping Corporation of India Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
