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Compare Shipping Corp. with Varun Shipping - Equitymaster

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SHIPPING CORP. vs VARUN SHIPPING - Comparison Results

SHIPPING CORP.    Change

SCI is the largest shipping company in India with a fleet of 83 vessels with tonnage of 4.9 mdwt (million dead weight tonnes). The company was established in 1961 with the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation,... More

VARUN SHIPPING 
   Change

Varun Shipping Company (VSC) is the largest LPG tanker operator in the country. In addition to LPG, VSC has presence in crude products and offshore segments. The current fleet comprises 10 LPG carriers, 3 crude oil tankers and 7 AHTS (anchor handling... More

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Current Valuations

    SHIPPING CORP. VARUN SHIPPING SHIPPING CORP./
VARUN SHIPPING
 
P/E (TTM) x 8.8 -0.3 - View Chart
P/BV x 0.3 0.2 137.3% View Chart
Dividend Yield % 0.0 5.1 -  

Financials

 SHIPPING CORP.   VARUN SHIPPING
EQUITY SHARE DATA
    SHIPPING CORP.
Mar-14
VARUN SHIPPING
Sep-12
SHIPPING CORP./
VARUN SHIPPING
5-Yr Chart
Click to enlarge
High Rs4533 137.0%   
Low Rs2614 187.9%   
Sales per share (Unadj.) Rs90.950.1 181.3%  
Earnings per share (Unadj.) Rs-5.9-10.1 58.1%  
Cash flow per share (Unadj.) Rs12.58.4 148.0%  
Dividends per share (Unadj.) Rs00.50 0.0%  
Dividend yield (eoy) %02.1 0.0%  
Book value per share (Unadj.) Rs136.143.5 312.6%  
Shares outstanding (eoy) m465.80150.01 310.5%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x0.40.5 83.9%   
Avg P/E ratio x-6.1-2.3 261.8%  
P/CF ratio (eoy) x2.92.8 102.8%  
Price / Book Value ratio x0.30.5 48.7%  
Dividend payout %0-4.9 0.0%   
Avg Mkt Cap Rs m16,6523,525 472.4%   
No. of employees `0002.70.5 530.2%   
Total wages/salary Rs m4,1471,506 275.3%   
Avg. sales/employee Rs Th15,963.015,032.0 106.2%   
Avg. wages/employee Rs Th1,564.13,012.0 51.9%   
Avg. net profit/employee Rs Th-1,036.1-3,044.0 34.0%   
INCOME DATA
Net Sales Rs m42,3187,516 563.0%  
Other income Rs m3,0721,149 267.4%   
Total revenues Rs m45,3908,665 523.8%   
Gross profit Rs m5,8852,271 259.1%  
Depreciation Rs m8,5642,788 307.2%   
Interest Rs m2,0774,131 50.3%   
Profit before tax Rs m-1,685-3,499 48.2%   
Minority Interest Rs m00-   
Prior Period Items Rs m-52924 -2,204.6%   
Extraordinary Inc (Exp) Rs m01,971 0.0%   
Tax Rs m53318 2,959.4%   
Profit after tax Rs m-2,747-1,522 180.5%  
Gross profit margin %13.930.2 46.0%  
Effective tax rate %-31.6-0.5 6,146.2%   
Net profit margin %-6.5-20.3 32.1%  
BALANCE SHEET DATA
Current assets Rs m32,51713,381 243.0%   
Current liabilities Rs m32,11717,730 181.1%   
Net working cap to sales %0.9-57.9 -1.6%  
Current ratio x1.00.8 134.2%  
Inventory Days Days164 445.1%  
Debtors Days Days88131 67.3%  
Net fixed assets Rs m119,97629,050 413.0%   
Share capital Rs m4,6581,500 310.5%   
"Free" reserves Rs m43,3313,735 1,160.1%   
Net worth Rs m63,3986,531 970.7%   
Long term debt Rs m65,70719,764 332.5%   
Total assets Rs m162,54844,428 365.9%  
Interest coverage x0.20.2 123.5%   
Debt to equity ratio x1.03.0 34.2%  
Sales to assets ratio x0.30.2 153.9%   
Return on assets %-0.45.9 -7.0%  
Return on equity %-4.3-23.3 18.6%  
Return on capital %-0.110.0 -1.1%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m00-   
Fx outflow Rs m01 0.0%   
Net fx Rs m0-1 0.0%   
CASH FLOW
From Operations Rs m8,399-3,576 -234.9%  
From Investments Rs m-9,65723,939 -40.3%  
From Financial Activity Rs m-1,201-17,178 7.0%  
Net Cashflow Rs m-2,4593,185 -77.2%  

Share Holding

Indian Promoters % 63.8 15.6 409.0%  
Foreign collaborators % 0.0 22.2 -  
Indian inst/Mut Fund % 18.8 7.9 237.3%  
FIIs % 1.6 0.2 800.0%  
ADR/GDR % 0.0 0.0 -  
Free float % 15.9 54.1 29.4%  
Shareholders   185,314 86,049 215.4%  
Pledged promoter(s) holding % 0.0 41.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare SHIPPING CORP. With:   MERCATOR LTD  DREDGING CORP  ESSAR PORTS  ABAN OFFSHORE  ABG SHIPYARD  



Today's Market

Sensex Trades Lower; Infosys & Yes Bank Top Losers(12:30 pm)

Share markets in India are presently trading on a negative note. Sectoral indices are trading mixed with stocks in the capital goods sector and metal sector.

Related Views on News

SHIPPING CORP. Announces Quarterly Results (2QFY19); Net Profit Up 234.6% (Quarterly Result Update)

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, SHIPPING CORP. has posted a net profit of Rs 1 bn (up 234.6% YoY). Sales on the other hand came in at Rs 9 bn (up 16.3% YoY). Read on for a complete analysis of SHIPPING CORP.'s quarterly results.

SHIPPING CORP. Announces Quarterly Results (1QFY19); Net Profit Up 2965.2% (Quarterly Result Update)

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, SHIPPING CORP. has posted a net profit of Rs 2 bn (up 2965.2% YoY). Sales on the other hand came in at Rs 9 bn (up 3.4% YoY). Read on for a complete analysis of SHIPPING CORP.'s quarterly results.

SHIPPING CORP. Announces Quarterly Results (4QFY18); Net Profit Up 175.5% (Quarterly Result Update)

May 25, 2018 | Updated on May 25, 2018

For the quarter ended March 2018, SHIPPING CORP. has posted a net profit of Rs 3 bn (up 175.5% YoY). Sales on the other hand came in at Rs 9 bn (up 2.1% YoY). Read on for a complete analysis of SHIPPING CORP.'s quarterly results.

GE Shipping: Disappointing Performance (Quarterly Results Update - Detailed)

Nov 16, 2017

GE Shipping reported a subdued performance on the back of weak tanker and offshore segment.

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Aug 18, 2017

GE Shipping reported a subdued performance on the back weak offshore segment.

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