Shipping Corporation of India Ltd


BSE: 523598 | NSE: SCI | ISIN: INE109A01011 
Market Cap: [Rs.Cr.] 2,518 | Face Value: [Rs.] 10
Industry: Shipping

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Board Meet

29-May-12 
Audited Results 
14-Feb-12 
Quarterly Results Shipping Corporation Of India Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended December 31, 2011 (taken on record by the Board of Directors of the Company at its meeting held on February 14, 2012) regarding the Utilisation of funds. (As Per NSE Bulletin dated on 28/02/2012) 
14-Nov-11 
Quarterly Results (Revised) (As Per BSE Bulletin dated on 14.11.2011) Shipping Corporation Of India Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended September 30, 2011 (taken on record by the Board of Directors of the Company at its meeting held on November 14, 2011) regarding the Utilisation of funds. (As Per NSE Bulletin Dated 21/11/2011) 
13-Aug-11 
Shipping Corporation of India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 11, 2011, for approving the un-audited financial results for the quarter ended on June 30, 2011 (Q1). With reference to the earlier announcement dated August 01, 2011 regarding the proposed Board Meeting to be held on August 11, 2011, for approving the unaudited financial results for the quarter ended June 30, 2011, Shipping Corporation of India Ltd has now informed BSE that the abovementioned meeting of the Board of Directors now stands rescheduled to be held on August 13, 2011. (As Per BSE Announcement Website dated on 03.08.2011) Shipping Corporation Of India Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended June 30, 2011 (taken on record by the Board of Directors of the Company at its meeting held on August 13, 2011) regarding the Utilisation of funds. (As Per NSE Bulletin Dated on 23/08/2011) 
30-May-11 
Shipping Corporation of India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 30, 2011 for consideration and approval of the audited Annual Accounts for the financial year ended March 31, 2011. In the said meeting, the Board may inter-alia consider recommendation of final dividend, if any, for the year 2010-11. Shipping Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2011, inter alia, has recommended a final dividend of Rs. 2.5 per share (having face value of Rs. 10/- each) for the financial year 2010-11 (apart from the interim dividend of Rs. 3/- per share declared on February 07, 2011) subject to declaration thereof by the shareholders at the Annual General Meeting. (As Per BSE Announcement Dated on 30.05.2011) Shipping Corporation Of India Limited has informed the Exchange vide notes to Accounts in the Audited Financial Results for the year ended March 31, 2011 (taken on record by the Board of Directors of the Company at its meeting held on May 30, 2011) regarding the Utilisation of IPO Proceeds. (As Per NSE Bulletin dated on 08.06.2011) 

AGM

23-Sep-11
Shipping Corporation of India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 16, 2011 to September 23, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & 61st Annual General Meeting (AGM) of the Company to be held on September 23, 2011. Shipping Corporation of India Ltd has informed BSE that the 61st Annual General Meeting of the Company will be held September 23, 2011. (As Per BSE Announcement Website dated on 30.08.2011) Shipping Corporation of India Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 23, 2011 inter alia, have transacted the following: 1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2011, and the Profit & Loss Account for the year ended on that date and the Reports of the Directors and Auditors as circulated to the Shareholders. 2. Declaration of the final dividend (in addition to the interim dividend of Rs. 3 per share already paid for the year 2010-11) @ Rs. 2.5 per share for the year March 31, 2011. 3. Re-appointment of Shri B. K. Mandal, as a Director of the Company, liable to retire by rotation. 4. Re-appointment of Shri J. N. Das, as a Director of the Company, liable to retire by rotation. 5. Re-appointment of Shri Nasser Munjee, as a Director of the Company, liable to retire by rotation. 6. Re-appointment of Shri S. C. Tripathi, as a Director of the Company, liable to retire by rotation. 7. Approved the remuneration of the Joint Statutory Auditors M/s. P. S. D. & Associates, Jaipur and M/s. Sarda & Pareek, Mumbai for the financial year 2011-2012 by the Comptroller & Auditor General of India, on terms & conditions. 8. Appointment of Shri Arun Kumar Gupta, as a Director of the Company. 9. Appointment of Capt. Sunil Thapar, as a Director of the Company. 10. Appointment of Shri S. K. Roogta, as a Director of the Company. 11. Alteration of Articles of Association of the Company. 12. Authorized to create, offer, issue and allot at any time to or to the benefit of such person(s) who are in employment of the Company and its subsidiaries, including Directors of the Company, whether working in India or abroad or otherwise, except the Promoter Directors, under the SCI Employee Stock Option Scheme (hereinafter referred to as the 'SCI ESOP Scheme'), such number of equity shares on the date of grant of option(s) at such price, in one or more tranches and on such terms and conditions as may be fixed or determined by the Board / Committee from time to time. (As Per BSE Announcement Dated on 20.10.2011) 
29-Sep-10
AGM 29/09/2010 Shipping Corporation of India Ltd has informed BSE that the 60th Annual General Meeting (AGM) of the Company will be held on September 29, 2010, to approve the proposal to declare final dividend @ Rs. 5 per share for the year 2009-10. (As Per BSE Announcement Website dated on 15.09.2010) Shipping Corporation of India Ltd has informed BSE that the 60th Annual General Meeting (AGM) of the Company was held on September 29, 2010. (As Per BSE Announcement Website dated on 11.10.2010) 
30-Sep-09
Shipping Corporation of India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 23, 2009 to September 30, 2009 (both days inclusive) for the purpose of 59th Annual General Meeting (AGM) of the Company to be held on September 30, 2009. Shipping Corporation of India Ltd has informed BSE that the members at the 59th Annual General Meeting (AGM) of the Company held on September 30, 2009, inter alia, have accorded the following: 1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2009 and the Profit & Loss Account for the year ended on that date and the Reports of the Directors and Auditors thereon. 2. Declaration of final dividend @ Rs 6.5 per share for the year March 31, 2009. 3. Re-appointment of Dr. Bakul H Dholakia, Shri Keshav Saran, Shri Naseer Munjee and Shri. Sushail Tripath, as Directors of the Company. 4. Approved the Remuneration of the Joint Statutory Auditors, M/s. S Bhandari & Co and M/s. Khandelwal Jain & Co., who were appointed for the financial year 2009-2010 by the Comptroller & Auditor General of India. 5. Appointment of Capt. K S Nair as Director of the Company. (As Per BSE Announcement Website dated on 14.10.2009) 
29-Sep-08
AGM 29/09/2008 Shipping Corporation of India Ltd has informed BSE that the 58th Annual General Meeting (AGM) of the Members of the Company will be held on September 29, 2008, may approve the proposal to declare final dividend @ 40% per share for the year 2007-08 (apart from the interim dividend @ 45% per share which has been already paid to the shareholders on March 18, 2008). (As per BSE Bulletin dated on 26/09/2008) Shipping Corporation of India Ltd has informed BSE that the members at the 58th Annual General Meeting (AGM) of the Company held on September 29, 2008, the following proposal was approved by the shareholders: "Issuance of 1 bonus equity share having nominal value of Rs 10/- each, for every 2 equity shares held by the shareholders." (As per BSE Announcement dated on 29/09/2008) Shipping Corporation of India Ltd has informed BSE that the members at the 58th Annual General Meeting (AGM) of the Company held on September 29, 2008, inter alia, have accorded the following: 1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2008 and the Profit & Loss Account for the year ended on that date and the Reports of the Directors and Auditors thereon. 2. Declaration of final dividend (in addition to the interim dividend @ 45% already paid for the year 2007-08) @ 40% for the year March 31, 2008. 3. Re-appointment of Shri. A K Mago, Shri A D Fernando, Shri U Sundararajan & Shri J N L Srivastava, as Directors of the Company. 4. Remuneration of the Joint Statutory Auditors, M/s. S Bhandari & Co and M/s. Khandelwal Jain & Co., who were appointed for the financial year 2006-2007 by the Comptroller & Auditor General of India with effect from the financial year 2007-2008. 5. Appointment of Shri. S C Tripathi & Shri J N Das as Directors of the Company. 6. Amendment in the Articles of Association of the Company. 7. Capitalization of sum of Rs 1,41,15,12,150 (Rs One hundred and forty one crores fifteen lakhs twelve thousands one hundred and fifty only) standing to the credit of the General reserve of the Company, as may be considered necessary by the Board, for the purpose of issue of Bonus Shares of Rs 10/- (Rupees ten) each, credited as fully paid-up Equity Shares to the holders of the Equity Shares of the Company, whose names shall appear in the Register of Members or in the respective beneficiary account with their respective Depository Participants, on the "Record Date", in the proportion of 1 (One) bonus share of Rs 10/- (Rupees ten) each for every 2 (Two) fully paid-up Equity Shares of Rs 10/- each held by them and that the Bonus shares so distributed shall, for all purposes, be treated as an increase in the nominal amount in the Capital of the Company held by each such member, and not as income, subject to necessary provisions & approvals. (As per BSE Announcement dated on 24/10/2008) 
28-Sep-07
AGM 28.09.2007 Shipping Corporation Of India Ltd. has submitted to the Exchange a copy of the minutes of the proceedings of the Annual General Meetings of the company held on September 28, 2007. (As per NSE Bulletin dated on 25/10/2007) Shipping Corporation of India Ltd has informed BSE that the members at the 57th Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have accorded the following: 1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2007 and the Profit & Loss Account for the year ended on that date and the Reports of the Directors and Auditors thereon. 2. Confirmation of interim dividend @ 85% declared at the Board Meeting held on March 17, 2007, as final dividend for the year 2006-2007. 3. Re-appointment of Shri. B K Mandal, Shri. U C Grover & Shri. Kailash Gupta, as Directors of the Company. 4. Remuneration of the Joint Statutory Auditors, M/s. S Bhandari & Co and M/s. Khandelwal Jain & Co., who were appointed for the financial year 2006-2007 by the Comptroller & Auditor General of India with effect from the financial year 2007-2008. 5. Appointment of Shri. A K Mago, Shri. A D Fernando, Shri. U Sundararajan, Shri. J N L Srivastava, Dr. Bakul H Dholakia, Shri. Keshav Saran & Shri. Nasser Munjee as Directors of the Company. (As per BSE Announcement website dated on 31/10/2007) 

EGM

06-Dec-10
Shipping Corporation of India Ltd has informed BSE that the Empowered Group of Ministers (EGoM) of the Government of India, in its meeting held on December 06, 2010, has approved the Issue Price of SCI's Follow on Public Offer (FPO) and Government Sale of Shares at Rs.140/- per Share with a discount 5% to the Retail Investors and Employees. 
21-Mar-02
EGM of the company will be held on 21.03.02 to amend Article 121 of AoA of the company concerning 'increase in the number of Directors' by substitution of the word 'fourteen' by the word 'sixteen'.  

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
GE Shipping Co 3,702.93 48.44 0.72 9.15 2.4 3.2 0.67
Essar Ports 3,653.09 0.00 1.34 23.26 -1.0 2.0 0.39
S C I 2,517.65 0.00 0.35 6.38 5.8 5.0 0.55
Dredging Corpn. 649.32 0.00 0.47 6.30 2.9 3.4 0.00
Essar Shipping 558.23 5.82 0.11 0.00 0.4 1.7 0.61
Mercator 482.45 0.00 0.48 10.70 -9.4 2.3 1.35
Great Offshore 301.19 14.95 0.26 8.79 4.6 5.0 2.41
SEAMEC Ltd 265.10 0.00 0.59 0.00 -13.9 -13.1 0.00
Varun Ship. Co. 235.50 0.00 0.29 7.54 -40.3 -3.2 3.35
Global Offshore 182.90 5.42 0.54 6.53 14.3 8.9 1.59
Chowgule Steam 65.36 6.29 0.44 12.41 1.2 -0.7 0.36
Shreyas Shipping 59.29 0.00 0.42 4.99 5.8 7.2 0.44
SKS Logistics 14.35 34.14 0.38 3.85 9.0 12.6 1.06
Scindia Steam 8.20 0.00 -0.03 0.00 0.0 0.0 0.00
Diamond Shipping 6.64 0.00 1.71 0.00 3.2 4.3 0.06

Futures & Options Quote

 
Expiry Date
54.45 0.25  (0.5%)
Instrument: FUTSTK
Expiry Date: 31 May 2012
Open Price: 54.00
Average Price: 54.31
No. of Contracts Traded: 136,000
Open Interest: 4,164,000
Underlying: SCI
Market Lot: 4000
Previous Close: 54.20
Day’s High | Low: 54.85 | 54.00
Turnover (Cr.): 0.74
Open Int. Change: -32,000.00 ( [0.8]% )
View detailed F& O quotes >>

Key Information

Key Executives:

S Hajara , Chairman & Managing Director 

B K Mandal , Director (Finance) 

Kailash Gupta , Director (Personnel) & (Admini 

Nasser Munjee , Director(PartTime NonOfficial) 


Company Head Office / Quarters:
Shipping House,
245 Madame Cama Road,
Mumbai,
Maharashtra-400021
Phone : 91-22-22026666
Fax : 91-22-22026906
E-mail : dipankar.haldar@sci.co.in
Web : http://www.shipindia.com
Registrars:
Sharepro Services India P Ltd
Samhita Complex
Plot No 13 AB
Saki Naka Andheri(E)
Mumbai-400072

Calendar

May-2012
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