Shipping Corporation of India Ltd

13 сент. 2024 г.

Date 13.09.2024
Shipping Corporation of India
Timeframe : Day chart

Introduction :

SCI is today the only Indian shipping Company operates in three segments viz. Bulk Carrier & Tankers, Liner & Passenger Services and technical & off-shore. In addition, the SCI mans and manages a large number of vessels on behalf of various government departments and organizations.

Technical Remarks :

1 Formed ascending triangle
2 Broke the neckline but retraced back sharply from 161% extension
3 Broke the ascending triangle recently & there's negative crossover between 20 & 60 ema
4 After breaking down approaching /close to 200 ema
5 61% golden ration of retracement + 200 ema are close by extending good technical support
6 At lower/support range of rsi

Fundamental Remarks :

1 Has ROA of 5.46 % which is a bad sign for future performance
2 ROE of 9.18 % - Low
3 Debt to Equity ratio of 0.42 which means company has low proportion of debt on its capital
4 Reported revenue growth of -12.91 % which is poor in relation to its growth and performance
5 The company has delivered a poor sales growth of 5.43% over past five years
6 Divestment is facing hurdles due to pension scheme and court case over non-payment of medical dues to employees
7 Operating margin for the current financial year is 28.21 % - Good
8 DII holding = 8.69% & FII holding = 4.56% & Promoter holding = 63.75% & Public holding = 23%
9 DEBT ₹ 2,893.37 Cr

Regards,
Ankur