Shipping Corporation Of India Limited has informed the Exchange that Board of Directors at its meeting held on May 08, 2026, recommended Final Dividend of Re. 1 per equity share of face value of Rs. 10/- each i.e. 10% per share, subject to approval of shareholders at the ensuing Annual General Meeting (AGM) of the Company.
SCI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts more than Nifty Smallcap 250 and 0.9 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Shipping Corporation of India reported FY26 standalone profit after tax of Rs. 1,32,525 lakhs, a significant increase from Rs. 80,354 lakhs in FY25 (~65% growth). Revenue grew marginally from Rs. 5,69,269 lakhs to Rs. 5,81,322 lakhs (~2%). The Board recommended a final dividend of Rs. 1 per share (10% on Rs. 10 face value), totaling approximately Rs. 46.58 crores, subject to shareholder approval at the AGM. The auditors issued an unmodified (clean) opinion on both standalone and consolidated results. Key emphasis notes include ongoing government-led strategic disinvestment process, Middle East geopolitical tensions affecting 4 vessels at Strait of Hormuz (one has since cleared), and ongoing reconciliation of receivables/payables and tax assets.
Strong profit growth signals improved operational performance. The dividend declaration indicates management confidence in cash generation. However, the strategic disinvestment process and geopolitical risks in key shipping routes remain key watch items for investors.