Scindia Steam Navigation Co. Ltd


BSE: 501887 | NSE: NA | ISIN: NA 
Market Cap: [Rs.Cr.] 8 | Face Value: [Rs.] 20
Industry: Shipping

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Company Profile

Incorporated in 1919, Scindia Steam Navigation Company was promoted by the late Walchand Hirachand and his associates. Narottam Morarjee & Company was entrusted with the management of the company. Its first ship -- SS Loyalty -sailed on 5 Apr.'19 from Bombay to the UK. Initially, it had to face many problems due to the British rule and the monopoly commanded by the British shipping companies. The dawn of Indian freedom meant the advent of prosperity for the Scindia. Due to differences between Walchand Hirachand and Narottam Morarjee's widow Sumati Morarjee, Walchand disassociated himself from the company by selling off his entire holdings and the managing agency to the Morarjee family. The company was one of the three biggest Indian shipping companies alongwith Shipping Corporation of India and Indian Steamships till early '80s. It started accumulating cash losses and finally its management changed hands in 1987, with Shipping Credit Investment Corporation of India gaining control. Even after changing hands, the company's condition showed no signs of improvement and is still deteriorating. Several attempts by the government to sell the company failed. The company has put on sale, its lone bulk carrier (out of its earlier strength of 20), to meet a part of its outstanding dues to the government, which stands at Rs 227.08 cr. With the bulk carrier sold, it will have very little business to do and will be left out with a fleet of single twin decker as its only vessel. It is working out several packages to meets its various financial commitments. Company has sold the last vessel, since then in view of various contraints, company could not undertake shipping/shipping related activities. The Eastern Bunkerers Ltd & Scindia Workshop Ltd are two subsidiary of Company.

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 5,520.40 26.97 0.82 8.04 0.8 2.9 0.74
Essar Ports 3,883.10 0.00 1.45 105.12 -1.4 1.0 0.26
S C I 2,701.64 0.00 0.43 10.30 -8.2 -2.8 1.09
Global Offshore 1,169.98 50.93 3.21 4.55 16.0 11.7 1.23
Mercator 814.29 87.50 1.23 36.64 0.0 0.0 1.27
GOL Offshore 448.18 7.93 0.44 4.57 5.7 7.6 2.36
Essar Shipping 430.98 0.00 0.09 10.98 0.0 0.0 0.69
SEAMEC Ltd 360.53 343.06 0.76 5.95 0.2 1.2 0.00
Varun Ship. Co. 130.80 0.00 0.37 2.30 -20.9 2.3 2.45
Shreyas Shipping 72.36 8.60 0.54 4.60 8.6 8.6 0.56
Chowgule Steam 58.64 0.00 0.43 12.35 -3.8 -4.6 0.14
Shahi Shipping 11.88 0.00 0.44 6.16 -0.4 4.7 0.93
Scindia Steam 7.77 0.00 -0.02 0.00 0.0 0.0 0.00
Diamond Shipping 6.64 61.79 1.34 0.00 2.3 1.3 1.07
Hifunda 1.49 0.00 0.35 0.00 0.0 0.0 0.21

Futures & Options Quote

 
Expiry Date
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Instrument: NA
Expiry Date: NA
Strike Price: NA
Open Price: NA
Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
Underlying: NA
Option Type: NA
Market Lot: NA
Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

D A Biwalkar , Chairman & Managing Director 

Dinesh Kumar , Director 

G Srinivas , Director 

J S Phaugat , Director 


Company Head Office / Quarters:
RCC 4 JK Industrial Estate,
Off MahakaliCaves Rd Andheri(E,
Mumbai,
Maharashtra-400093
Phone : 91-22-26878422
Fax : 91-22-26878433
E-mail :
Web : http://
Registrars:
Sharex Dynamic (India) Pvt Ltd
Unit No 1 Luthra Ind
Andheri Kurla Road
Safed Pool Andheri(E
Mumbai - 400 072

Fund Holding

 
Scheme Name No. of Shares
No data found

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