Shipping Corporation of India Share Price Jumps 4%: Record Tanker Earnings, a Rs 2,000 Crore Profit Target and the Risks Behind SCI’s Run
- October 5, 2026
- Posted by: Kunal Singla
- Category: News
SCI up about 4% on 5 Oct from Rs 267 close. Q1 FY27 PAT Rs 619 cr (+75%), EBITDA margin 47.8%. FY27 PAT target above Rs 2,000 cr. 52-week range Rs 195 to Rs 369.
Quick Answer
Shipping Corporation of India share price rose about 4% on 5 October, to roughly Rs 277 from the 1 October close of Rs 267, in a market where the Sensex gained 0.9%. The state-run shipper earned a consolidated profit of Rs 619.34 crore in Q1 FY27, up 74.9%, with the tanker segment contributing Rs 525 crore of segment profit, and the government has said SCI targets profit above Rs 2,000 crore for FY27. No single company announcement explains the 4% move, which fits earnings momentum and freight-rate sentiment, and the stock is still about 25% below its 52-week high of Rs 369.
The Shipping Corporation of India share price today is rising alongside a broad market rebound, but the stock has its own story, and the Shipping Corporation of India stock is a cyclical earnings play. SCI is the largest Indian shipping company by capacity, owning around one-third of India’s shipping tonnage, and its tanker business has been the engine of a sharp profit recovery.
If you are searching for why the SCI share price is up, this article covers the Q1 FY27 results and EBITDA margin, the tanker market, the Strait of Hormuz and crude oil, the Rs 2,000 crore FY27 profit target and fleet expansion, valuation and dividend yield, the disinvestment angle, the 52-week high, the levels to watch and the risks. Price data is based on NSE and BSE figures, so recheck it before acting.
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Why Is Shipping Corporation of India Share Price Rising Today?
The Shipping Corporation of India share price is rising on a mix of earnings momentum, high tanker rates and a better market mood. A single trigger is not clear from reports on 5 October, so the move looks like a reaction to recent news.
Union Minister Sarbananda Sonowal said in recent days that SCI targets a profit after tax above Rs 2,000 crore in FY27 and plans fleet expansion. That target is well above the Rs 1,352.92 crore of standalone profit in FY26, and Q1 FY27 alone has already delivered over 45% of it.
SCI Q1 FY27 Results Behind the Shipping Corporation of India Share Price
| Q1 FY27 metric | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Consolidated net profit | Rs 619.34 crore | Rs 354.17 crore | Up 74.9% |
| Standalone net profit | Rs 664.29 crore | Rs 343.23 crore | Up 87% |
| Revenue from operations | Rs 1,846.56 crore | About Rs 1,316 crore | Up about 40% |
| EBITDA margin | 47.79% | 37.16% | Up 10.6 points |
| Tanker segment revenue | Rs 1,295.46 crore | Not shown | Largest segment |
| Tanker segment profit | Rs 525.23 crore | Not shown | Equal to about 85% of consolidated profit |
| Q4 FY26 profit, previous quarter | Rs 404.60 crore | Not applicable | Up 53% quarter on quarter |
Tankers produced about 70% of revenue and most of the profit, so the Shipping Corporation of India share price tracks tanker rates. The tanker and bulk carrier segments drove growth in FY26, while the liner segment remained a weak spot.
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Shipping Corporation of India Share Price Journey in 2026
| Date | Event | Shipping Corporation of India share price |
|---|---|---|
| 9 February | Q3 FY26 profit of Rs 405 crore, up five times, sends the stock up about 15% to 19% in a day | Up to about Rs 255 to Rs 264 |
| May | Q4 FY26 profit of Rs 404.60 crore, up 119%; management flags very high tanker spot rates | About Rs 339 to Rs 344 |
| July | Ahead of Q1 FY27 results, the stock trades near its earlier range | About Rs 303 |
| 6 to 7 August | Q1 FY27 profit of Rs 619.34 crore, up 74.9% | Not verified |
| 1 October | Close after a 1.28% fall | Rs 267 |
| 5 October | Rises about 4% in a firm market | About Rs 277 |
SCI also signed memoranda of understanding with BPCL, HPCL and IOCL in September 2025 to build and operate a fleet together, a deal that lifted the stock about 8% in a day. The record since then shows a pattern of sharp jumps on earnings and policy news followed by pullbacks.
The Tanker Market and the Strait of Hormuz
SCI is India’s largest tanker owner. On its May earnings call, management said transit through the Strait of Hormuz had been disrupted for more than two months and that tanker spot rates were multiple times pre-war levels. Longer routes and scarce ships raise freight rates, which lifts earnings for owners with spot exposure and supports the Shipping Corporation of India share price.
Brent crude oil is still above $100 a barrel, around $106 to $107 last week, which signals that supply disruption has not ended. Check the current status of the route, because a reopening would reverse the rate spike.
Shipping Corporation of India Share Price Today: Valuation and Key Numbers
| Item | Figure | What it tells you |
|---|---|---|
| Close, 1 October | Rs 267 | Down 1.28% that day |
| Price, 5 October | About Rs 277 | A 4% rise from the close, my calculation |
| 52-week range | Rs 195.55 to Rs 368.75 | Price is about 25% below the high |
| Market capitalisation | About Rs 12,400 crore at Rs 267 | Mid-cap PSU |
| Price to earnings | About 7.7 times at Rs 267 | Low, reflecting cyclical earnings |
| Dividend yield | About 2.8% | Payout ratio near 22% |
| Return on equity | About 15% | Return on capital employed 13.9% |
| Government holding | 63.75% | Held through the President of India |
A P/E below 8 shows that investors do not pay peak earnings multiples for the Shipping Corporation of India share price, since tanker rates move in cycles. At the Q1 annualised run rate, the SCI share price multiple would look even lower, but that run rate depends on rates staying high.
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SCI Disinvestment and Government Ownership of the Shipping Corporation of India Stock
The government has held 63.75% of SCI for years, and the company has been disinvestment-bound for a long time. A strategic sale would change the ownership and valuation story for the Shipping Corporation of India share price, but progress has been slow, and Q1 coverage still told investors to monitor it. Treat disinvestment as an option and not a base case.
Shipping Corporation of India Share Price Levels to Watch
| Level | Why it matters |
|---|---|
| Rs 368.75 | 52-week high |
| Rs 339 to Rs 344 | Prices after Q4 FY26 results in May |
| Rs 303 | Price before Q1 FY27 results in July |
| Rs 277 | 5 October price |
| Rs 267 | 1 October close |
| Rs 195.55 | 52-week low |
These are reference levels for the Shipping Corporation of India share price based on past prices, not forecasts.
Risks Behind the Shipping Corporation of India Share Price
Tanker rates can fall: If Hormuz transit normalises, spot rates would drop and Q1 FY27 profits would not repeat, which would hit the Shipping Corporation of India share price.
Concentration in tankers: The tanker segment earns most of the profit, so other segments cannot cushion a downturn.
Weak long-term sales growth: Sales grew only about 9% a year over five years, and profit is cyclical, which limits the multiple on the Shipping Corporation of India share price.
Government control: State ownership can limit pricing and capital decisions, and disinvestment is uncertain.
Contingent liabilities: Reported contingent liabilities of about Rs 4,094 crore add balance-sheet risk.
What Should Investors Watch Next for the Shipping Corporation of India Share Price?
- Tanker spot rates and the status of Strait of Hormuz shipping, which drive the Shipping Corporation of India share price.
- Brent crude and the rupee, since freight and costs are dollar-linked.
- Q2 FY27 results, expected in November.
- Fleet expansion orders that support the Rs 2,000 crore profit target.
- Any update on disinvestment.
Conclusion
The Shipping Corporation of India share price rose about 4% on 5 October, helped by record tanker earnings, a Rs 619 crore Q1 FY27 profit and a government target of Rs 2,000 crore for FY27. At about Rs 277 it is roughly 25% below its 52-week high and trades near 8 times earnings, but those earnings depend on tanker rates that can fall. Rs 267 is the first support to watch for the Shipping Corporation of India share price. Consult a SEBI-registered advisor before making any decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why is Shipping Corporation of India share price rising today?
Ans. The Shipping Corporation of India share price rose about 4% on 5 October amid a broad market rebound, strong tanker earnings and the Rs 2,000 crore FY27 profit target. No single company filing explains the move.
What were SCI’s Q1 FY27 results?
Ans. Consolidated net profit was Rs 619.34 crore, up 74.9%, on revenue of Rs 1,846.56 crore. EBITDA margin rose to 47.79% and the tanker segment earned Rs 525.23 crore, the key driver of the Shipping Corporation of India share price.
What is SCI’s FY27 profit target?
Ans. Union Minister Sarbananda Sonowal said SCI targets a profit after tax above Rs 2,000 crore in FY27, against Rs 1,352.92 crore of standalone profit in FY26, which supports the Shipping Corporation of India share price.
How does the Strait of Hormuz affect SCI?
Ans. Disruption lengthens routes and tightens tanker supply, which raises freight rates. SCI is India’s largest tanker owner, so higher rates lift its earnings and the SCI share price.
What is the 52-week high and low of Shipping Corporation of India share price?
Ans. The 52-week high is Rs 368.75 and the low is Rs 195.55. At about Rs 277, the stock is roughly 25% below the high.
Does SCI pay a dividend?
Ans. Yes. The dividend yield is about 2.8% with a payout ratio near 22%. Dividends depend on profit and government policy and are not guaranteed.
Is SCI being privatised?
Ans. The government holds 63.75% and the company has long been listed for disinvestment, but progress has been slow. No firm sale timeline is available.
Is the Shipping Corporation of India stock a good buy now?
Ans. This article does not constitute investment advice. The Shipping Corporation of India share price reflects strong earnings and a low P/E, but tanker rates are cyclical. Consult a SEBI-registered financial advisor before investing.
