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SCI - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.4

Stock Code SCI Market Cap 9,943 Cr. Current Price 214 ₹ High / Low 280 ₹
Stock P/E 13.2 Book Value 171 ₹ Dividend Yield 3.09 % ROCE 10.1 %
ROE 11.0 % Face Value 10.0 ₹ DMA 50 222 ₹ DMA 200 220 ₹
Chg in FII Hold 0.64 % Chg in DII Hold -0.17 % PAT Qtr 176 Cr. PAT Prev Qtr 343 Cr.
RSI 46.7 MACD -2.24 Volume 65,78,632 Avg Vol 1Wk 46,95,528
Low price 138 ₹ High price 280 ₹ PEG Ratio 15.6 Debt to equity 0.35
52w Index 53.0 % Qtr Profit Var -39.4 % EPS 16.2 ₹ Industry PE 12.6

📊 Core Financials

  • Quarterly PAT declined to 176 Cr from 343 Cr, showing significant earnings pressure (-39.4%).
  • ROE at 11.0% and ROCE at 10.1% reflect modest capital efficiency.
  • Debt-to-equity ratio at 0.35 indicates moderate leverage, manageable but worth monitoring.
  • EPS at 16.2 ₹ provides a reasonable earnings base, supported by dividend yield of 3.09%.

💹 Valuation Indicators

  • P/E ratio: 13.2, slightly above industry average of 12.6, suggesting fair valuation.
  • P/B ratio: ~1.25 (214 ₹ / 171 ₹ book value), showing moderate premium pricing.
  • PEG ratio: 15.6, very high, indicating poor growth-adjusted valuation.
  • Intrinsic value appears close to current price, offering limited margin of safety.

🏢 Business Model & Competitive Advantage

  • SCI operates in shipping and logistics, providing cargo transport and maritime services.
  • Competitive advantage lies in government backing and established fleet operations.
  • Exposure to global trade cycles makes earnings volatile but offers long-term growth potential.

📈 Entry Zone & Long-Term Guidance

  • Entry zone: 200–210 ₹ range (near 200 DMA support at 220 ₹).
  • Long-term holding viable for dividend-seeking investors with moderate risk appetite.
  • Accumulation should be cautious due to earnings volatility and weak growth-adjusted valuation.

Positive

  • Dividend yield of 3.09% provides stable income.
  • Government backing ensures operational stability.
  • FII holdings increased (+0.64%), showing foreign investor confidence.

Limitation

  • Quarterly PAT decline (-39.4%) highlights earnings weakness.
  • PEG ratio at 15.6 indicates poor growth-adjusted valuation.
  • ROE (11.0%) and ROCE (10.1%) are modest compared to peers.

Company Negative News

  • DII holdings decreased (-0.17%), showing reduced domestic institutional support.
  • Stock trading below 50 DMA (222 ₹), reflecting short-term weakness.

Company Positive News

  • Dividend yield remains attractive at 3.09%.
  • FII holdings increased, showing foreign confidence.

Industry

  • Industry PE at 12.6, close to SCI’s 13.2, suggesting fair sector valuation.
  • Shipping and logistics sector expected to grow steadily with global trade recovery.

Conclusion

  • SCI offers dividend stability and government-backed operations but faces earnings volatility.
  • Valuations are fair, but PEG ratio highlights weak growth prospects.
  • Accumulation near 200–210 ₹ is suitable for long-term investors seeking dividend yield with moderate risk exposure.

I can also extend this into a peer comparison with Great Eastern Shipping and Shipping Corporation peers globally to highlight relative valuation and profitability. Would you like me to draft that next?

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