Share of Shipping Corporation of India Ltd is currently trading at around Rs.226/- Existing as well as Prospective Investors are asking for Shipping Corporation of India Share Price Target 2024,2025,2030,2035 & 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the Shipping Corporation of India Share Price Target 2025,2030,2035 & 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of Shipping Corporation of India Ltd:
The Shipping Corporation of India Ltd (SCI) has showcased strong performance in 2024, bolstered by improved market conditions and strategic initiatives. In the June 2024 quarter, the company reported a 69.85% rise in consolidated net profit, reaching ₹291.48 crore compared to ₹171.61 crore in the same period the previous year. Revenue for the quarter grew 26.18% year-on-year, driven by robust demand across its business segments, including bulk shipping, tankers, and offshore services
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For fiscal year 2023-24, SCI faced a slight decline in annual revenue, totaling ₹50.47 billion, a 12.9% decrease from ₹57.94 billion the prior year. However, strategic measures have positioned the company for recovery, particularly as India continues to invest in its maritime infrastructure. SCI’s stock performance has also been noteworthy, with a one-year return of over 66%, reflecting investor confidence
Future prospects for SCI appear promising, underpinned by several factors:
- Legislative Support: Recent government approval of the Coastal Shipping Bill 2025 is expected to streamline regulations and boost domestic shipping activities. This aligns with India’s focus on enhancing coastal trade and reducing logistics costs.
- Disinvestment Plans: The government’s continued push to privatize SCI could lead to operational efficiencies and attract strategic investments. Such reforms typically improve governance and profitability in the long term.
- Diversification and Expansion: SCI has secured approval to establish a unit in Gujarat’s Kandla Special Economic Zone, enhancing its operational capabilities. Additionally, its diversified fleet supports multiple sectors, including energy and manufacturing, ensuring steady revenue streams.
Despite facing global shipping challenges, SCI’s strong financial recovery and strategic alignment with India’s maritime goals position it well for sustained growth. Analysts will likely monitor its progress in privatization and its ability to capitalize on legislative reforms for the shipping industry.
Share Price Targets:
Shipping Corporation of India Share Price Target 2024
Based on the above discussion and analysis, the share price of Shipping Corporation of India is likely to touch the level of around Rs.245-250 in 2024
Shipping Corporation of India Price Target 2025
Based on the above discussion and analysis, the share price of Shipping Corporation of India is likely to touch the level of around Rs.270-275 in 2025
Shipping Corporation of India Price Target 2030
Based on the above discussion and analysis, the share price of Shipping Corporation of India is likely to touch the level of around Rs.450-475 in 2030
Shipping Corporation of India Price Target 2035
Based on the above discussion and analysis, the share price of Shipping Corporation of India is likely to touch the level of around Rs.750-800 in 2035
Shipping Corporation of India Price Target 2040
Based on the above discussion and analysis, the share price of Shipping Corporation of India is likely to touch the level of around Rs.1200-1500 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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