Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Shipping Stocks in India

Shipping: Shipping Corporation of India Ltd owns the largest revenue base; SEAMEC Ltd has the fastest current growth.

Nifty Shipping Index — Constituents & Performance

The Shipping companies below are the listed Indian Shipping universe this page tracks — the same constituent set people search for as the Nifty Shipping index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Shipping moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 23% ahead of NIFTY 500. Earnings across its companies grew 8% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 50 weeks running.

LEADER · ahead 50w✓Price and the fundamentals both up2 of 5 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑50w · 5/5 >200d (+0) · 2/5 lead (−1) · EPS 5/5↑

2005001000202620252024202320222021 914335 TRAILING 12-MONTH EPS · 100 AT THE START0100249Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2022 · trailing 12-month earnings per share at 91, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 80, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 108, against 100 at the start · no comparable year yet · 3 reportingJun 2023 · trailing 12-month earnings per share at 115, against 100 at the start · down 23.1% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 108, against 100 at the start · down 34.2% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 92, against 100 at the start · up 17.2% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 128, against 100 at the start · up 1.5% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 154, against 100 at the start · up 5.8% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 147, against 100 at the start · up 16.0% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 132, against 100 at the start · up 28.6% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 130, against 100 at the start · down 17.7% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 142, against 100 at the start · down 19.7% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 127, against 100 at the start · down 24.7% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 197, against 100 at the start · up 24.0% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 249, against 100 at the start · up 53.1% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two249 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
2005001000202620252024202320222021 914335 TRAILING 12-MONTH EPS · 100 AT THE START0100249Mar 23Mar 24Mar 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2022 · trailing 12-month earnings per share at 91, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 80, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 108, against 100 at the start · no comparable year yet · 3 reportingJun 2023 · trailing 12-month earnings per share at 115, against 100 at the start · down 23.1% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 108, against 100 at the start · down 34.2% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 92, against 100 at the start · up 17.2% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 128, against 100 at the start · up 1.5% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 154, against 100 at the start · up 5.8% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 147, against 100 at the start · up 16.0% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 132, against 100 at the start · up 28.6% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 130, against 100 at the start · down 17.7% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 142, against 100 at the start · down 19.7% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 127, against 100 at the start · down 24.7% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 197, against 100 at the start · up 24.0% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 249, against 100 at the start · up 53.1% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two249No earnings on file this far back — the price series reaches further than the filings do
Shipping, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy Moving without the scoresHow much of the sector is participating, how recently, and whether the movers score well.
Together2 of 5 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score −7 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/10
Mid 1/2−1
Small 1/20

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 5 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Shipping outperforming NIFTY 500?

The 52-week comparison of Shipping against NIFTY 500 is not available from the current market series. 5 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Knowledge Marine & Engineering Works Ltd is the strongest against the sector itself at +29.9%. Readings are as of 2026-07-19.

—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
5/6Stocks leading NIFTY 500
1/6Stocks leading sector

Sector metric: 33.3 as of 2026-07-19 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 5 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Shipping Corporation of India Ltd leads with revenue of ₹5,780 crore, based on 6 of 6 comparable companies through Mar 2026. SEAMEC Ltd has the fastest current revenue growth at 46%, across 6 of 6 comparable companies.

Is the Shipping sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 5 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Shipping company is largest by revenue?

Shipping Corporation of India Ltd leads with revenue of ₹5,780 crore, based on 6 of 6 comparable companies through Mar 2026.

Which Shipping company is growing fastest?

SEAMEC Ltd has the fastest current revenue growth at 46%, across 6 of 6 comparable companies.

Which Shipping company has the strongest 4-Factor Sector Score?

SEAMEC Ltd ranks first at 78/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Shipping company has the least gross debt?

Knowledge Marine & Engineering Works Ltd has the lowest comparable gross debt at ₹222 crore. Shipping Corporation of India Ltd has the highest at ₹2,679 crore.

Which Shipping company has the lowest comparable PEG?

Great Eastern Shipping Company Ltd has the lowest comparable Guarded PEG at 0.24, among 3 of 6 companies that pass the metric’s comparability rules.

How much history does this Shipping comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
6
complete canonical membership
Combined market value
₹46.1K Cr
Great Eastern Shipping Company Ltd
Revenue growing
5/6
positive TTM year-on-year growth
Beating NIFTY 500
5/6
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
SEAMEC Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.
Knowledge Marine & Engineering Works Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. SEAMEC Ltd · SEAMECLTD

78.0/100 · Favorable setup · 100% evidence

Exact sum: 29.8 + 20.4 + 18 + 9.8 = 78

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

29.8/35Growth & earnings

Revenue 46% · PAT 100% · OPM change 8 pp

100% evidence

20.4/25Capital efficiency

ROCE 20% · debt/equity 0.27×

100% evidence

18.0/20Valuation

P/E 14.1× · PEG 0.58

100% evidence

9.8/20Relative strength

RS sector -2.5% · RS bench 15.1% · 1Y 61.8%

100% evidence

2. Great Eastern Shipping Company Ltd · GESHIP

58.7/100 · Mixed-positive evidence · 100% evidence

Exact sum: 16.9 + 19.2 + 17.9 + 4.7 = 58.7

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

16.9/35Growth & earnings

Revenue 1.6% · PAT 25.5% · OPM change 21 pp

100% evidence

19.2/25Capital efficiency

ROCE 15.8% · debt/equity 0.06×

100% evidence

17.9/20Valuation

P/E 8.3× · PEG 0.24

100% evidence

4.7/20Relative strength

RS sector -9.3% · RS bench 8.3% · 1Y 35.7%

100% evidence

3. Shipping Corporation of India Ltd · SCI

57.2/100 · Mixed-positive evidence · 100% evidence

Exact sum: 21.7 + 14.1 + 14.8 + 6.6 = 57.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.7/35Growth & earnings

Revenue 3.1% · PAT 60.5% · OPM change 12 pp

100% evidence

14.1/25Capital efficiency

ROCE 14.3% · debt/equity 0.29×

100% evidence

14.8/20Valuation

P/E 9.5× · PEG 0.86

100% evidence

6.6/20Relative strength

RS sector -7.5% · RS bench 11.3% · 1Y 28.6%

100% evidence

4. Knowledge Marine & Engineering Works Ltd · KMEW

56.7/100 · Mixed-positive evidence · 83% evidence

Exact sum: 15.5 + 15.3 + 5.9 + 20 = 56.7

Decision use: Price leads the evidence: RS versus the benchmark is 52.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

15.5/35Growth & earnings

Revenue 28% · PAT 60% · OPM change -8 pp

95% evidence

15.3/25Capital efficiency

ROCE 16.3% · debt/equity 0.39×

80% evidence

5.9/20Valuation

P/E 75.9× · PEG —

50% evidence

20.0/20Relative strength

RS sector 29.9% · RS bench 52.4% · 1Y 163.7%

100% evidence

5. Dredging Corporation of India Ltd · DREDGECORP

48.4/100 · Mixed-negative evidence · 77% evidence

Exact sum: 25.7 + 6.3 + 8.5 + 7.9 = 48.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

25.7/35Growth & earnings

Revenue 5.9% · PAT 100% · OPM change 13 pp

100% evidence

6.3/25Capital efficiency

ROCE 4.3% · debt/equity 0.88×

100% evidence

8.5/20Valuation

P/E 591× · PEG —

15% evidence

7.9/20Relative strength

RS sector -9.4% · RS bench 13.1% · 1Y 40.6%

70% evidence

6. Essar Shipping Ltd · ESSARSHPNG

26.1/100 · Thin evidence · provisional · 54% evidence

Exact sum: 10.2 + 4.6 + 8.3 + 3 = 26.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

10.2/35Growth & earnings

Revenue -52.4% · PAT 100% · OPM change -10908 pp

44% evidence

4.6/25Capital efficiency

ROCE -208% · debt/equity 3.38×

68% evidence

8.3/20Valuation

P/E — · PEG —

35% evidence

3.0/20Relative strength

RS sector -34.9% · RS bench -13.9% · 1Y -21.6%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Shipping Corporation of India Ltd has the highest Revenue among the 6 Shipping companies compared here, at ₹5,780 crore. Great Eastern Shipping Company Ltd is next at ₹5,408 crore. SEAMEC Ltd has the highest Revenue growth at 46%, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Shipping Corporation of India Ltd is the scale leader at ₹5,780 crore, 6.9% ahead of Great Eastern Shipping Company Ltd. SEAMEC Ltd's growth is 46% from a ₹952 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderShipping Corporation of India Ltd · ₹5,780 crore
Gap6.9% versus #2 · Great Eastern Shipping Company Ltd
Persistence4/8 recent comparable periods
Coverage6/6 companies · 102 observations

Investor read: Shipping Corporation of India Ltd is the scale benchmark; SEAMEC Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Shipping Corporation of India Ltd's growth falls below SEAMEC Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Shipping Corporation of India Ltd SCI₹5.8K Cr
2Great Eastern Shipping Company Ltd GESHIP₹5.4K Cr
3Dredging Corporation of India Ltd DREDGECORP₹1.2K Cr
4SEAMEC Ltd SEAMECLTD₹952 Cr
5Knowledge Marine & Engineering Works Ltd KMEW₹256 Cr
Revenue growthfastest growers
1SEAMEC Ltd SEAMECLTD46%
2Knowledge Marine & Engineering Works Ltd KMEW28%
3Dredging Corporation of India Ltd DREDGECORP5.9%
4Shipping Corporation of India Ltd SCI3.1%
5Great Eastern Shipping Company Ltd GESHIP1.6%
Revenue · company comparison
6/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Shipping Corporation of India Ltd SCI₹1.5K Cr14%Mar 2026
Great Eastern Shipping Company Ltd GESHIP₹1.5K Cr24%Mar 2026
Dredging Corporation of India Ltd DREDGECORP₹478 Cr3.5%Mar 2026
SEAMEC Ltd SEAMECLTD₹327 Cr64%Mar 2026
Knowledge Marine & Engineering Works Ltd KMEW₹68 Cr45%Mar 2026
Essar Shipping Ltd ESSARSHPNG₹2 Cr-33%Dec 2025
Full 20-quarter history · every available company

Revenue · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

₹119 Cr
₹151 Cr
₹240 Cr
₹291 Cr
₹218 Cr
₹239 Cr
₹371 Cr
₹337 Cr
₹204 Cr
₹198 Cr
₹265 Cr
₹278 Cr
₹151 Cr
₹204 Cr
₹324 Cr
₹462 Cr
₹242 Cr
₹212 Cr
₹276 Cr
₹478 Cr

Essar Shipping Ltd · ESSARSHPNG

—
—
—
—
—
—
₹14 Cr
₹14 Cr
₹11 Cr
₹12 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹148 Cr
₹3 Cr
₹-143 Cr
₹2 Cr
—
—
—

Great Eastern Shipping Company Ltd · GESHIP

₹769 Cr
₹885 Cr
₹939 Cr
₹916 Cr
₹1.4K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
₹1.3K Cr
₹1.2K Cr
₹1.2K Cr
₹1.5K Cr
₹1.5K Cr
₹1.4K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.5K Cr
₹1.5K Cr

Knowledge Marine & Engineering Works Ltd · KMEW

—
—
—
—
—
₹123 Cr
—
—
—
—
₹16 Cr
₹41 Cr
₹43 Cr
₹52 Cr
₹58 Cr
₹47 Cr
₹48 Cr
₹50 Cr
₹90 Cr
₹68 Cr

SEAMEC Ltd · SEAMECLTD

₹73 Cr
₹82 Cr
₹110 Cr
₹85 Cr
₹125 Cr
₹85 Cr
₹101 Cr
₹126 Cr
₹212 Cr
₹84 Cr
₹213 Cr
₹236 Cr
₹215 Cr
₹88 Cr
₹149 Cr
₹200 Cr
₹211 Cr
₹97 Cr
₹317 Cr
₹327 Cr

Shipping Corporation of India Ltd · SCI

₹1.0K Cr
₹1.2K Cr
₹1.4K Cr
₹1.3K Cr
₹1.5K Cr
₹1.4K Cr
₹1.5K Cr
₹1.4K Cr
₹1.2K Cr
₹1.1K Cr
₹1.3K Cr
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.6K Cr
₹1.5K Cr

Revenue growth · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

—
—
—
—
83%
58%
55%
16%
-6.4%
-17%
-29%
-18%
-26%
3.0%
22%
66%
60%
3.9%
-15%
3.5%

Essar Shipping Ltd · ESSARSHPNG

—
—
—
—
—
—
—
—
—
—
-79%
-79%
-73%
1,133%
0.0%
-4,867%
-33%
—
—
—

Great Eastern Shipping Company Ltd · GESHIP

—
—
—
—
78%
64%
51%
59%
-6.0%
-15%
-12%
2.8%
17%
10%
-0.6%
-18%
-20%
-8.3%
18%
24%

Knowledge Marine & Engineering Works Ltd · KMEW

—
—
—
—
—
—
—
—
—
—
—
—
—
—
263%
15%
12%
-3.9%
55%
45%

SEAMEC Ltd · SEAMECLTD

—
—
—
—
71%
3.7%
-8.2%
48%
70%
-1.2%
111%
87%
1.4%
4.8%
-30%
-15%
-1.9%
10%
113%
64%

Shipping Corporation of India Ltd · SCI

—
—
—
—
43%
16%
4.0%
9.0%
-18%
-23%
-10%
-0.4%
26%
33%
-1.9%
-6.2%
-13%
-7.7%
22%
14%
02 · compare level, then change

Operating Economics & Margin Trend

Great Eastern Shipping Company Ltd has the highest OPM among the 6 Shipping companies compared here, at 62%. SEAMEC Ltd is next at 49%. The same company also holds the highest Margin change, at +21 percentage points. 5 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Great Eastern Shipping Company Ltd leads both opm at 62% and margin change at +21 percentage points.

LeaderGreat Eastern Shipping Company Ltd · 62%
Gap26.5% versus #2 · SEAMEC Ltd
Persistence3/8 recent comparable periods
Coverage5/6 companies · 110 observations

Investor read: Great Eastern Shipping Company Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Great Eastern Shipping Company Ltd GESHIP62%
2SEAMEC Ltd SEAMECLTD49%
3Shipping Corporation of India Ltd SCI40%
4Dredging Corporation of India Ltd DREDGECORP30%
5Knowledge Marine & Engineering Works Ltd KMEW27%
Margin changefastest expanders
1Great Eastern Shipping Company Ltd GESHIP+21.0 pp
2Dredging Corporation of India Ltd DREDGECORP+13.0 pp
3Shipping Corporation of India Ltd SCI+12.0 pp
4SEAMEC Ltd SEAMECLTD+8.0 pp
5Knowledge Marine & Engineering Works Ltd KMEW−8.0 pp
Operating margin · company comparison
5/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Great Eastern Shipping Company Ltd GESHIP62%+21.0 ppMar 2026
SEAMEC Ltd SEAMECLTD49%+8.0 ppMar 2026
Shipping Corporation of India Ltd SCI40%+12.0 ppMar 2026
Dredging Corporation of India Ltd DREDGECORP30%+13.0 ppMar 2026
Knowledge Marine & Engineering Works Ltd KMEW27%−8.0 ppMar 2026
Essar Shipping Ltd ESSARSHPNG-279%−10,908.0 ppDec 2025
Full 20-quarter history · every available company

OPM · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

7.1%
18%
18%
13%
12%
26%
16%
-50%
28%
29%
26%
7.0%
8.0%
-1.0%
16%
17%
19%
12%
12%
30%

Essar Shipping Ltd · ESSARSHPNG

14%
36%
-21%
-33%
60%
44%
48%
62%
23%
-113%
-641%
—
-175%
-4.0%
-267%
—
-279%
—
—
—

Great Eastern Shipping Company Ltd · GESHIP

37%
44%
44%
42%
54%
55%
56%
58%
62%
52%
52%
63%
60%
48%
49%
41%
54%
59%
57%
62%

Knowledge Marine & Engineering Works Ltd · KMEW

—
40%
—
59%
—
28%
—
43%
—
34%
25%
24%
37%
40%
43%
35%
41%
40%
43%
27%

SEAMEC Ltd · SEAMECLTD

28%
43%
52%
19%
34%
44%
20%
21%
23%
19%
42%
37%
34%
18%
30%
41%
46%
8.0%
43%
49%

Shipping Corporation of India Ltd · SCI

33%
33%
33%
25%
20%
23%
31%
33%
30%
22%
31%
29%
34%
37%
27%
28%
37%
30%
42%
40%

Margin change · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

−19.5 pp
+28.1 pp
+15.0 pp
+46.6 pp
+4.5 pp
+7.6 pp
−2.5 pp
−62.9 pp
+16.4 pp
+3.1 pp
+10.0 pp
+57.0 pp
−20.0 pp
−30.0 pp
−10.0 pp
+10.0 pp
+11.0 pp
+13.0 pp
−4.0 pp
+13.0 pp

Essar Shipping Ltd · ESSARSHPNG

−23.0 pp
+21.5 pp
+8.2 pp
−18.3 pp
+45.8 pp
+8.6 pp
+68.6 pp
+94.7 pp
−36.7 pp
−157.3 pp
−689.0 pp
−1,310.0 pp
−198.0 pp
+109.0 pp
+374.0 pp
—
−104.0 pp
−31,796.0 pp
−10,908.0 pp
—

Great Eastern Shipping Company Ltd · GESHIP

−20.4 pp
−1.4 pp
+11.6 pp
+17.9 pp
+17.0 pp
+10.8 pp
+12.1 pp
+15.9 pp
+8.0 pp
−2.8 pp
−4.0 pp
+5.0 pp
−2.0 pp
−4.0 pp
−3.0 pp
−22.0 pp
−6.0 pp
+11.0 pp
+8.0 pp
+21.0 pp

Knowledge Marine & Engineering Works Ltd · KMEW

—
−0.7 pp
—
+20.7 pp
—
−11.8 pp
—
−16.1 pp
—
+5.8 pp
—
−19.0 pp
—
+6.2 pp
+18.0 pp
+11.0 pp
+4.0 pp
0.0 pp
0.0 pp
−8.0 pp

SEAMEC Ltd · SEAMECLTD

+31.4 pp
+3.9 pp
+28.3 pp
−11.5 pp
+5.7 pp
+0.7 pp
−32.0 pp
+1.7 pp
−11.0 pp
−24.5 pp
+22.0 pp
+16.0 pp
+11.0 pp
−1.0 pp
−12.0 pp
+4.0 pp
+12.0 pp
−10.0 pp
+13.0 pp
+8.0 pp

Shipping Corporation of India Ltd · SCI

−11.6 pp
+8.5 pp
+5.7 pp
−0.5 pp
−12.2 pp
−9.8 pp
−1.5 pp
+8.0 pp
+9.6 pp
−0.9 pp
0.0 pp
−4.0 pp
+4.0 pp
+15.0 pp
−4.0 pp
−1.0 pp
+3.0 pp
−7.0 pp
+15.0 pp
+12.0 pp
03 · compare level, then change

Profit Scale & Acceleration

Great Eastern Shipping Company Ltd has the highest Net profit among the 6 Shipping companies compared here, at ₹2,942 crore. Shipping Corporation of India Ltd is next at ₹1,353 crore. Dredging Corporation of India Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Great Eastern Shipping Company Ltd leads with ₹2,942 crore of TTM profit, 117.4% above Shipping Corporation of India Ltd. Dredging Corporation of India Ltd shows ≥100% on the scoring scale growth from a ₹5 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderGreat Eastern Shipping Company Ltd · ₹2,942 crore
Gap117.4% versus #2 · Shipping Corporation of India Ltd
Persistence5/8 recent comparable periods
Coverage6/6 companies · 102 observations

Investor read: Great Eastern Shipping Company Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Great Eastern Shipping Company Ltd GESHIP₹2.9K Cr
2Shipping Corporation of India Ltd SCI₹1.4K Cr
3Essar Shipping Ltd ESSARSHPNG₹722 Cr
4SEAMEC Ltd SEAMECLTD₹254 Cr
5Knowledge Marine & Engineering Works Ltd KMEW₹80 Cr
Profit growthfastest growers
1Dredging Corporation of India Ltd DREDGECORP100%
2SEAMEC Ltd SEAMECLTD100%
3Shipping Corporation of India Ltd SCI61%
4Knowledge Marine & Engineering Works Ltd KMEW60%
5Great Eastern Shipping Company Ltd GESHIP26%
Net profit · company comparison
6/6 level · 5/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Great Eastern Shipping Company Ltd GESHIP₹1.0K Cr188%Mar 2026
Shipping Corporation of India Ltd SCI₹405 Cr119%Mar 2026
SEAMEC Ltd SEAMECLTD₹104 Cr154%Mar 2026
Dredging Corporation of India Ltd DREDGECORP₹87 Cr314%Mar 2026
Essar Shipping Ltd ESSARSHPNG₹27 Cr-235%Dec 2025
Knowledge Marine & Engineering Works Ltd KMEW₹24 Cr118%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

₹-23 Cr
₹-4 Cr
₹29 Cr
₹1 Cr
₹-16 Cr
₹29 Cr
₹14 Cr
₹-223 Cr
₹15 Cr
₹17 Cr
₹27 Cr
₹-26 Cr
₹-31 Cr
₹-34 Cr
₹16 Cr
₹21 Cr
₹-23 Cr
₹-34 Cr
₹-25 Cr
₹87 Cr

Essar Shipping Ltd · ESSARSHPNG

—
—
—
—
—
—
₹1.3K Cr
₹363 Cr
₹26 Cr
₹-36 Cr
₹-41 Cr
₹-53 Cr
₹-35 Cr
₹642 Cr
₹40 Cr
₹13 Cr
₹27 Cr
—
—
—

Great Eastern Shipping Company Ltd · GESHIP

₹12 Cr
₹223 Cr
₹205 Cr
₹189 Cr
₹457 Cr
₹769 Cr
₹627 Cr
₹722 Cr
₹576 Cr
₹595 Cr
₹538 Cr
₹905 Cr
₹812 Cr
₹576 Cr
₹594 Cr
₹363 Cr
₹504 Cr
₹581 Cr
₹813 Cr
₹1.0K Cr

Knowledge Marine & Engineering Works Ltd · KMEW

—
—
—
—
—
₹24 Cr
—
—
—
—
₹1 Cr
₹7 Cr
₹10 Cr
₹13 Cr
₹16 Cr
₹11 Cr
₹11 Cr
₹12 Cr
₹33 Cr
₹24 Cr

SEAMEC Ltd · SEAMECLTD

₹13 Cr
₹26 Cr
₹40 Cr
₹5 Cr
₹23 Cr
₹17 Cr
₹-2 Cr
₹-5 Cr
₹26 Cr
₹-14 Cr
₹56 Cr
₹53 Cr
₹50 Cr
₹0 Cr
₹-3 Cr
₹41 Cr
₹76 Cr
₹-26 Cr
₹100 Cr
₹104 Cr

Shipping Corporation of India Ltd · SCI

₹159 Cr
₹243 Cr
₹312 Cr
₹147 Cr
₹114 Cr
₹124 Cr
₹267 Cr
₹380 Cr
₹172 Cr
₹66 Cr
₹134 Cr
₹307 Cr
₹291 Cr
₹291 Cr
₹76 Cr
₹185 Cr
₹354 Cr
₹189 Cr
₹405 Cr
₹405 Cr

Profit growth · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

—
—
—
—
—
—
-52%
—
—
-41%
93%
—
-307%
-300%
-41%
—
—
—
-256%
314%

Essar Shipping Ltd · ESSARSHPNG

—
—
—
—
—
—
—
—
—
—
-103%
-115%
-235%
—
—
—
—
—
—
—

Great Eastern Shipping Company Ltd · GESHIP

—
—
—
—
3,708%
245%
206%
282%
26%
-23%
-14%
25%
41%
-3.2%
10%
-60%
-38%
0.9%
37%
188%

Knowledge Marine & Engineering Works Ltd · KMEW

—
—
—
—
—
—
—
—
—
—
—
—
—
—
1,500%
57%
10%
-7.7%
106%
118%

SEAMEC Ltd · SEAMECLTD

—
—
—
—
77%
-35%
-105%
-200%
13%
-182%
—
—
92%
—
-105%
-23%
52%
—
—
154%

Shipping Corporation of India Ltd · SCI

—
—
—
—
-28%
-49%
-14%
159%
51%
-47%
-50%
-19%
69%
341%
-43%
-40%
22%
-35%
433%
119%
04 · not available

Capacity Spending & Returns On It

No company in this Shipping comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 6 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Mar 2026.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

Withheld from this comparison: Knowledge Marine & Engineering Works Ltd (KMEW) — its two data sources disagree by up to 50% on reported income across 11 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Knowledge Marine & Engineering Works Ltd has the lowest Gross debt among the 6 Shipping companies compared here, at ₹222 crore. SEAMEC Ltd is next at ₹353 crore. Great Eastern Shipping Company Ltd has the lowest Net debt at ₹7,218 crore net cash, so level and change sit with different companies.

What the numbers say: Great Eastern Shipping Company Ltd has the clearest covered balance-sheet capacity with ₹7,218 crore net cash and gross debt of ₹1,087 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderKnowledge Marine & Engineering Works Ltd · ₹222 crore
Gap37.1% versus #2 · SEAMEC Ltd
PersistenceNot enough history
Coverage6/6 companies · 91 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Knowledge Marine & Engineering Works Ltd KMEW₹222 Cr
2SEAMEC Ltd SEAMECLTD₹353 Cr
3Dredging Corporation of India Ltd DREDGECORP₹1.1K Cr
4Great Eastern Shipping Company Ltd GESHIP₹1.1K Cr
5Essar Shipping Ltd ESSARSHPNG₹1.6K Cr
Net debtlowest net debt
1Great Eastern Shipping Company Ltd GESHIP₹-7.2K Cr
2SEAMEC Ltd SEAMECLTD₹165 Cr
3Dredging Corporation of India Ltd DREDGECORP₹944 Cr
4Shipping Corporation of India Ltd SCI₹2.2K Cr
Debt and balance-sheet capacity · company comparison
6/6 level · 4/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Shipping Corporation of India Ltd SCI₹2.7K Cr₹2.2K CrMar 2026
Essar Shipping Ltd ESSARSHPNG₹1.6K Cr—Dec 2025
Great Eastern Shipping Company Ltd GESHIP₹1.1K Cr₹-7.2K CrMar 2026
Dredging Corporation of India Ltd DREDGECORP₹1.1K Cr₹944 CrMar 2026
SEAMEC Ltd SEAMECLTD₹353 Cr₹165 CrMar 2026
Knowledge Marine & Engineering Works Ltd KMEW₹222 Cr—Mar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

₹437 Cr
₹407 Cr
₹407 Cr
₹273 Cr
₹378 Cr
₹354 Cr
₹354 Cr
₹281 Cr
₹363 Cr
₹497 Cr
₹497 Cr
₹558 Cr
₹558 Cr
₹752 Cr
₹729 Cr
₹923 Cr
₹942 Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr

Essar Shipping Ltd · ESSARSHPNG

—
—
—
₹3.9K Cr
—
—
—
₹2.7K Cr
—
—
—
₹2.6K Cr
—
—
—
₹1.6K Cr
—
₹1.6K Cr
—
—

Great Eastern Shipping Company Ltd · GESHIP

₹5.0K Cr
₹4.8K Cr
₹4.8K Cr
₹4.7K Cr
₹4.7K Cr
₹4.2K Cr
₹4.2K Cr
₹3.6K Cr
₹3.6K Cr
₹3.5K Cr
₹3.5K Cr
₹3.0K Cr
₹3.0K Cr
₹2.8K Cr
₹2.8K Cr
₹2.2K Cr
₹2.2K Cr
₹1.3K Cr
₹1.3K Cr
₹1.1K Cr

Knowledge Marine & Engineering Works Ltd · KMEW

—
—
—
₹26 Cr
—
—
—
₹25 Cr
—
—
—
₹60 Cr
—
—
—
₹133 Cr
—
₹146 Cr
—
₹222 Cr

SEAMEC Ltd · SEAMECLTD

₹96 Cr
₹149 Cr
₹149 Cr
₹127 Cr
₹127 Cr
₹140 Cr
₹140 Cr
₹139 Cr
₹139 Cr
₹281 Cr
₹281 Cr
₹327 Cr
₹327 Cr
₹248 Cr
₹248 Cr
₹231 Cr
₹231 Cr
₹405 Cr
₹405 Cr
₹353 Cr

Shipping Corporation of India Ltd · SCI

₹3.9K Cr
₹3.4K Cr
₹3.4K Cr
₹3.2K Cr
₹3.2K Cr
₹2.9K Cr
₹2.9K Cr
₹2.6K Cr
₹2.6K Cr
₹2.3K Cr
₹2.3K Cr
₹2.9K Cr
₹2.9K Cr
₹2.4K Cr
₹2.4K Cr
₹2.2K Cr
₹2.2K Cr
₹2.8K Cr
₹2.8K Cr
₹2.7K Cr

Net debt · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

₹388 Cr
₹363 Cr
₹363 Cr
₹244 Cr
₹284 Cr
₹302 Cr
₹302 Cr
₹324 Cr
₹332 Cr
₹455 Cr
₹455 Cr
₹474 Cr
₹508 Cr
₹708 Cr
₹688 Cr
₹828 Cr
₹894 Cr
₹934 Cr
₹995 Cr
₹944 Cr

Great Eastern Shipping Company Ltd · GESHIP

₹994 Cr
₹914 Cr
₹914 Cr
₹686 Cr
₹686 Cr
₹-739 Cr
₹-739 Cr
₹-1.6K Cr
₹-1.6K Cr
₹-2.8K Cr
₹-2.8K Cr
₹-3.7K Cr
₹-3.7K Cr
₹-4.6K Cr
₹-4.6K Cr
₹-5.7K Cr
₹-5.7K Cr
₹-6.9K Cr
₹-6.9K Cr
₹-7.2K Cr

SEAMEC Ltd · SEAMECLTD

₹33 Cr
₹-36 Cr
₹-36 Cr
₹12 Cr
₹12 Cr
₹-7 Cr
₹-7 Cr
₹-16 Cr
₹-16 Cr
₹145 Cr
₹145 Cr
₹190 Cr
₹190 Cr
₹132 Cr
₹132 Cr
₹91 Cr
₹91 Cr
₹270 Cr
₹270 Cr
₹165 Cr

Shipping Corporation of India Ltd · SCI

₹2.9K Cr
₹2.1K Cr
₹2.1K Cr
₹2.9K Cr
₹1.8K Cr
₹2.3K Cr
₹2.3K Cr
₹2.3K Cr
₹2.1K Cr
₹2.1K Cr
₹2.1K Cr
₹1.8K Cr
₹1.6K Cr
₹1.6K Cr
₹1.6K Cr
₹854 Cr
₹1.5K Cr
₹1.9K Cr
₹1.9K Cr
₹2.2K Cr
06 · compare level, then change

Return On Capital Employed

SEAMEC Ltd has the highest ROCE among the 6 Shipping companies compared here, at 20%. Knowledge Marine & Engineering Works Ltd is next at 16.3%. The same company also holds the highest ROCE change, at +8.4 percentage points. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: SEAMEC Ltd leads ROCE at 20%, 3.7 percentage points above Knowledge Marine & Engineering Works Ltd. SEAMEC Ltd has the strongest latest improvement at +8.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderSEAMEC Ltd · 20%
Gap22.7% versus #2 · Knowledge Marine & Engineering Works Ltd
Persistence5/8 recent comparable periods
Coverage6/6 companies · 60 observations

Investor read: SEAMEC Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1SEAMEC Ltd SEAMECLTD20%
2Knowledge Marine & Engineering Works Ltd KMEW16%
3Great Eastern Shipping Company Ltd GESHIP16%
4Shipping Corporation of India Ltd SCI14%
5Dredging Corporation of India Ltd DREDGECORP4.3%
ROCE changefastest improvers
1SEAMEC Ltd SEAMECLTD+8.4 pp
2Dredging Corporation of India Ltd DREDGECORP+5.0 pp
3Shipping Corporation of India Ltd SCI+1.7 pp
4Great Eastern Shipping Company Ltd GESHIP−0.5 pp
5Knowledge Marine & Engineering Works Ltd KMEW−9.0 pp
Return on capital · company comparison
6/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

Withheld from this chart: Knowledge Marine & Engineering Works Ltd (KMEW) — its two data sources disagree by up to 50% on reported income across 11 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
SEAMEC Ltd SEAMECLTD16%+8.4 ppMar 2026
Great Eastern Shipping Company Ltd GESHIP11%−0.5 ppMar 2026
Shipping Corporation of India Ltd SCI10%+1.7 ppMar 2026
Dredging Corporation of India Ltd DREDGECORP4.4%+5.0 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

—
-9.0%
—
-0.2%
—
2.7%
—
-12%
—
-8.5%
-8.4%
3.8%
1.1%
-2.8%
-4.1%
-0.6%
3.4%
2.4%
1.0%
4.4%

Great Eastern Shipping Company Ltd · GESHIP

—
6.0%
—
6.0%
—
12%
—
17%
—
16%
20%
15%
22%
15%
22%
11%
15%
9.5%
16%
11%

SEAMEC Ltd · SEAMECLTD

—
3.6%
—
5.2%
—
5.8%
—
1.8%
—
-0.9%
7.9%
9.9%
17%
12%
11%
7.2%
13%
6.6%
19%
16%

Shipping Corporation of India Ltd · SCI

—
5.0%
—
11%
—
8.0%
—
11%
—
8.8%
8.6%
5.9%
11%
9.3%
12%
8.4%
11%
5.9%
13%
10%

ROCE change · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

—
—
—
—
—
+11.7 pp
—
−12.1 pp
—
−11.2 pp
—
+16.1 pp
—
+5.7 pp
+4.3 pp
−4.4 pp
+2.3 pp
+5.2 pp
+5.1 pp
+5.0 pp

Great Eastern Shipping Company Ltd · GESHIP

—
—
—
—
—
+5.8 pp
—
+10.8 pp
—
+4.0 pp
—
−2.2 pp
—
−0.8 pp
+1.6 pp
−3.2 pp
−7.1 pp
−5.5 pp
−6.2 pp
−0.5 pp

SEAMEC Ltd · SEAMECLTD

—
—
—
—
—
+2.2 pp
—
−3.4 pp
—
−6.7 pp
—
+8.1 pp
—
+12.9 pp
+3.1 pp
−2.7 pp
−3.6 pp
−5.4 pp
+7.6 pp
+8.4 pp

Shipping Corporation of India Ltd · SCI

—
—
—
—
—
+3.0 pp
—
+0.4 pp
—
+0.8 pp
—
−5.4 pp
—
+0.5 pp
+3.4 pp
+2.5 pp
+0.9 pp
−3.4 pp
+1.0 pp
+1.7 pp
07 · compare level, then change

Valuation Against Growth & Quality

Great Eastern Shipping Company Ltd has the lowest Guarded PEG among the 6 Shipping companies compared here, at 0.24×. SEAMEC Ltd is next at 0.58×. The same company also holds the lowest P/E, at 8.26×. 3 of 6 companies report a comparable reading, the latest through Mar 2026. Its Guarded PEG series carries 7 reported observations across the 20-quarter window.

What the numbers say: Great Eastern Shipping Company Ltd has the lowest comparable Guarded PEG at 0.24×, 58.6% below SEAMEC Ltd. Only 3 of 6 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderGreat Eastern Shipping Company Ltd · 0.24×
Gap58.6% versus #2 · SEAMEC Ltd
Persistence0/8 recent comparable periods
Coverage3/6 companies · 14 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Great Eastern Shipping Company Ltd GESHIP0.2
2SEAMEC Ltd SEAMECLTD0.6
3Shipping Corporation of India Ltd SCI0.9
P/Elowest P/E
1Great Eastern Shipping Company Ltd GESHIP8.3
2Shipping Corporation of India Ltd SCI9.5
3SEAMEC Ltd SEAMECLTD14.1
4Knowledge Marine & Engineering Works Ltd KMEW75.9
5Dredging Corporation of India Ltd DREDGECORP591.0
Valuation · company comparison
3/6 level · 5/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Shipping Corporation of India Ltd SCI0.99.4Mar 2026
SEAMEC Ltd SEAMECLTD0.618.4Mar 2026
Great Eastern Shipping Company Ltd GESHIP0.28.9Mar 2026
Knowledge Marine & Engineering Works Ltd KMEW—54.8Mar 2026
Dredging Corporation of India Ltd DREDGECORP—451.1Mar 2026
Essar Shipping Ltd ESSARSHPNG—11.0Dec 2025
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Great Eastern Shipping Company Ltd · GESHIP

—
—
1.8
—
—
—
—
—
0.2
—
—
0.4
0.2
—
0.5
1.1
—
—
0.2
—

SEAMEC Ltd · SEAMECLTD

—
—
—
—
—
—
—
—
—
—
—
1.0
—
—
—
0.6
—
—
—
—

Shipping Corporation of India Ltd · SCI

—
—
—
—
—
0.1
—
—
0.1
0.5
—
—
—
—
—
—
0.6
0.9
—
—

P/E · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

—
—
-8.2
247.5
—
18.9
40.8
28.4
33.7
-7.5
-10.3
—
91.0
93.0
-31.1
-55.5
—
—
—
451.1

Essar Shipping Ltd · ESSARSHPNG

—
—
—
—
—
—
—
—
—
4.2
10.1
9.8
—
—
—
—
6.8
4.1
11.0
—

Great Eastern Shipping Company Ltd · GESHIP

10.5
46.3
29.4
19.5
11.4
7.8
6.4
4.7
4.2
4.7
5.8
6.3
7.3
6.8
5.5
5.6
7.3
8.6
8.8
8.9

Knowledge Marine & Engineering Works Ltd · KMEW

—
6.8
—
24.6
—
32.1
—
23.2
—
34.3
34.0
31.9
43.6
62.3
79.5
47.5
53.9
53.1
82.6
54.8

SEAMEC Ltd · SEAMECLTD

32.9
57.0
44.4
31.6
26.3
29.7
26.7
35.5
51.2
44.7
48.6
44.5
26.9
26.9
19.6
27.2
26.2
19.9
30.3
18.4

Shipping Corporation of India Ltd · SCI

5.7
7.9
7.8
5.1
3.9
5.0
7.1
6.8
5.4
7.3
8.6
12.9
17.3
15.6
9.5
8.0
12.5
11.6
13.0
9.4
08 · compare level, then change

Enterprise Value & Book Value

Great Eastern Shipping Company Ltd has the lowest EV/EBITDA among the 6 Shipping companies compared here, at 4.7×. Shipping Corporation of India Ltd is next at 5.4×. The same company also holds the lowest P/BV, at 1.21×. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Great Eastern Shipping Company Ltd leads both ev/ebitda at 4.7× and p/bv at 1.21×.

LeaderGreat Eastern Shipping Company Ltd · 4.7×
Gap13% versus #2 · Shipping Corporation of India Ltd
Persistence0/8 recent comparable periods
Coverage6/6 companies · 110 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Great Eastern Shipping Company Ltd GESHIP4.7
2Shipping Corporation of India Ltd SCI5.4
3SEAMEC Ltd SEAMECLTD10.1
4Essar Shipping Ltd ESSARSHPNG17.1
5Dredging Corporation of India Ltd DREDGECORP17.5
P/BVlowest P/BV
1Great Eastern Shipping Company Ltd GESHIP1.2
2Shipping Corporation of India Ltd SCI1.4
3Dredging Corporation of India Ltd DREDGECORP2.3
4SEAMEC Ltd SEAMECLTD2.7
5Knowledge Marine & Engineering Works Ltd KMEW10.4
Enterprise and book valuation · company comparison
6/6 level · 5/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Knowledge Marine & Engineering Works Ltd KMEW37.215.6Mar 2026
Dredging Corporation of India Ltd DREDGECORP17.52.0Mar 2026
Essar Shipping Ltd ESSARSHPNG17.1-0.2Dec 2025
SEAMEC Ltd SEAMECLTD10.13.3Mar 2026
Shipping Corporation of India Ltd SCI5.41.2Mar 2026
Great Eastern Shipping Company Ltd GESHIP4.71.3Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

21.2
—
—
90.0
9.4
5.9
6.3
5.2
—
102.1
566.0
11.9
16.3
19.6
28.0
20.4
15.4
13.5
16.9
17.5

Essar Shipping Ltd · ESSARSHPNG

73.1
72.9
41.5
21.4
16.4
14.7
17.9
18.6
30.3
18.8
31.4
78.8
85.8
—
35.8
15.5
17.0
9.6
17.1
—

Great Eastern Shipping Company Ltd · GESHIP

5.5
6.4
5.3
5.3
4.8
4.2
4.0
3.6
3.5
3.3
3.7
4.0
5.0
4.2
3.2
3.1
4.0
3.8
4.0
4.7

Knowledge Marine & Engineering Works Ltd · KMEW

—
3.8
—
12.6
—
19.5
—
16.2
—
22.8
22.5
21.1
26.6
36.0
47.6
28.9
33.3
31.7
54.2
37.2

SEAMEC Ltd · SEAMECLTD

12.4
25.3
20.8
17.3
12.9
15.1
12.2
10.8
12.2
9.9
21.4
14.1
11.8
13.2
10.1
10.7
9.5
8.5
11.3
10.1

Shipping Corporation of India Ltd · SCI

5.7
5.8
5.2
4.0
3.5
3.8
4.5
3.8
3.7
4.9
5.4
6.9
8.1
7.6
5.4
4.5
6.1
5.8
6.2
5.4

P/BV · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

0.8
0.6
0.6
0.7
0.5
0.6
0.8
0.6
0.7
1.1
1.2
1.3
2.5
2.1
1.9
1.3
1.6
1.4
2.4
2.0

Essar Shipping Ltd · ESSARSHPNG

-0.1
-0.1
-0.1
0.0
0.0
0.0
0.0
0.0
-0.1
-0.1
-0.2
-0.2
-0.4
-0.3
-0.3
-0.2
-0.2
-0.2
-0.2
—

Great Eastern Shipping Company Ltd · GESHIP

0.8
0.7
0.6
0.7
0.7
0.8
1.1
1.1
1.3
1.2
1.2
1.3
1.7
1.4
1.0
1.0
1.1
1.0
1.0
1.3

Knowledge Marine & Engineering Works Ltd · KMEW

—
1.6
—
6.6
—
9.2
—
19.3
—
12.2
10.2
9.6
10.8
11.3
13.3
7.9
10.5
12.4
17.0
15.6

SEAMEC Ltd · SEAMECLTD

2.3
4.7
4.1
4.3
3.3
3.5
2.8
2.0
2.3
2.0
3.3
3.5
4.1
4.0
3.0
2.6
2.3
2.3
2.5
3.3

Shipping Corporation of India Ltd · SCI

0.5
0.5
0.6
0.5
0.4
0.4
0.5
0.5
0.5
1.0
1.1
1.4
1.7
1.6
1.2
1.0
1.4
1.3
1.2
1.2
09 · let price answer last

Market action

Knowledge Marine & Engineering Works Ltd has the strongest one-year price move in Shipping at +163.7%. It also leads on Mansfield relative strength against NIFTY at +52.4%. 5 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Shipping comparison names 6 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-feed figures withheld because the two sources disagree. 1 of the 8 ranked sections has fewer than three usable current readings.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 6 companies in the canonical Shipping membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Great Eastern Shipping Company Ltd GESHIP20/26 WEEKS₹20.5K Cr₹1,4382026-07-19Mar 2026Cross-checked
Shipping Corporation of India Ltd SCI22/26 WEEKS₹12.8K Cr₹2752026-07-19Mar 2026Cross-checked
Knowledge Marine & Engineering Works Ltd KMEWAHEAD23/26 WEEKS₹6.0K Cr₹2,4302026-07-19Mar 2026Second feed withheld
SEAMEC Ltd SEAMECLTD20/26 WEEKS₹3.6K Cr₹1,3962026-07-19Mar 2026Cross-checked
Dredging Corporation of India Ltd DREDGECORPAHEAD18/26 WEEKS₹2.8K Cr₹1,0032026-07-19Mar 2026Cross-checked
Essar Shipping Ltd ESSARSHPNG₹457 Cr₹22.12026-03-29 · not currently pricedDec 2025Primary source only
How each company's sources stand: 1 of 6 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Knowledge Marine & Engineering Works Ltd (KMEW) — its two data sources disagree by up to 50% on reported income across 11 comparable periods, so its derived ratios are withheld.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 6 Shipping companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing4 cross-checked · 1 unverified · 1 withheld, of 6 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Shipping company comparison FAQs

These 18 answers restate the Shipping comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Shipping index?

The Nifty Shipping index tracks India's listed Shipping companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Shipping sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Shipping stocks in India?

Ranked by this page's four-factor score, SEAMEC Ltd places first among 6 listed Shipping companies, followed by Great Eastern Shipping Company Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Shipping stocks are listed in India?

This comparison covers 6 listed Shipping companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which Shipping company is the biggest?

Shipping Corporation of India Ltd is the largest, with trailing-twelve-month revenue of ₹5,780 crore, ahead of Great Eastern Shipping Company Ltd at ₹5,408 crore. That covers 6 of 6 companies with comparable reporting through Mar 2026.

Which Shipping company is growing fastest?

SEAMEC Ltd has the fastest revenue growth at 46% year on year, across 6 of 6 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Shipping company has the best profit margins?

Great Eastern Shipping Company Ltd has the highest operating margin at 62%, from 5 of 6 comparable companies. Great Eastern Shipping Company Ltd shows the biggest recent improvement, at +21 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Shipping company makes the most profit?

Great Eastern Shipping Company Ltd earns the most, at ₹2,942 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Dredging Corporation of India Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Shipping company earns the highest return on capital?

SEAMEC Ltd leads on return on capital employed at 20%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Shipping stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Great Eastern Shipping Company Ltd screens cheapest at 0.24×. Only 3 of 6 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Shipping company has the strongest balance sheet?

Knowledge Marine & Engineering Works Ltd carries the lowest comparable gross debt at ₹222 crore, from 6 of 6 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Shipping stock has the strongest price momentum?

Knowledge Marine & Engineering Works Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Shipping company scores highest for research priority?

SEAMEC Ltd scores 78 out of 100 with 100% evidence confidence, from 29.8 points on growth and earnings, 20.4 on capital efficiency, 18 on valuation and 9.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Shipping companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Shipping sector?

The 6 Shipping companies on this page carry ₹46,137 crore of combined market value. Great Eastern Shipping Company Ltd is the largest at ₹20,528 crore, about 44% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the Shipping sector's P/E ratio?

The median price-to-earnings ratio across the 6 Shipping companies on this page is 14.1×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

How is the Shipping sector performing?

5 of the 6 covered Shipping companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI