Cochin Shipyard Ltd · COCHINSHIP
₹696 Cr
₹953 Cr
₹1.2K Cr
₹441 Cr
₹683 Cr
₹642 Cr
₹600 Cr
₹476 Cr
₹1.0K Cr
₹1.1K Cr
₹1.3K Cr
₹771 Cr
₹1.1K Cr
₹1.1K Cr
₹1.8K Cr
₹1.1K Cr
₹1.1K Cr
₹1.4K Cr
₹1.5K Cr
—
20-quarter listed-company comparison
Ship - Docks/Breaking/Repairs Stocks in India
Ship - Docks/Breaking/Repairs: Mazagon Dock Shipbuilders Ltd owns the largest revenue base; Swan Defence and Heavy Industries Ltd has the fastest current growth.
01 · the index people search for
Nifty Ship - Docks/Breaking/Repairs Index — Constituents & Performance
The Ship - Docks/Breaking/Repairs companies below are the listed Indian Ship - Docks/Breaking/Repairs universe this page tracks — the same constituent set people search for as the Nifty Ship - Docks/Breaking/Repairs 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.
02 · the sector itself · before any single company
How has Ship - Docks/Breaking/Repairs moved against NIFTY 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 220% ahead of NIFTY 500. Earnings across its companies grew 8% on average over the last four reported quarters.
FADING · −3 in 4w~Price and the fundamentals both up1 of 4 companies ahead of NIFTY 500 by 5% or more over three months
RS — · 2/4 >200d (−1) · 1/4 lead (−3) · EPS 2/4↑
Ship - Docks/Breaking/Repairs, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Ship - Docks/Breaking/Repairs, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Ship - Docks/Breaking/Repairs, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
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 4 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.
03 · sector relative strength, before individual stocks
Is Ship - Docks/Breaking/Repairs outperforming NIFTY 500?
Ship - Docks/Breaking/Repairs has outperformed NIFTY 500 by 61.8% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 4.7%. 1 of 4 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Garden Reach Shipbuilders & Engineers Ltd is the strongest against the sector itself at -15.3%.
-4.7%Sector vs NIFTY 500 · 13 weeks
+61.8%Sector vs NIFTY 500 · 52 weeks
1/4Stocks leading NIFTY 500
0/4Stocks leading sector
Sector metric: 15.3 as of 2026-07-19 · CONSOLIDATION · falling.
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
Ship - Docks/Breaking/Repairs has outperformed NIFTY 500 by 61.8% over 52 weeks and 4.7% over 13 weeks. 1 of 4 covered companies beat NIFTY on Mansfield relative strength, while 0 of 4 beat the sector itself. Mazagon Dock Shipbuilders Ltd leads with revenue of ₹13,323 crore, based on 4 of 4 comparable companies through Jun 2026.
Companies
4
complete canonical membership
Combined market value
₹1.8 L Cr
Mazagon Dock Shipbuilders Ltd
Revenue growing
4/4
positive TTM year-on-year growth
Beating NIFTY 500
1/4
positive Mansfield relative strength
Comparing 4 of 4
04 · 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%
Garden Reach Shipbuilders & Engineers Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Garden Reach Shipbuilders & Engineers LtdGRSE | 66.8/100Favorable setup97% evidence | ASLEEP | 29.4/35 Revenue 39.6% · PAT 43% · OPM change -1 pp 100% evidence | 16.8/25 ROCE 43% · OPM 8% 100% evidence | 12.2/20 P/E 37.2× · PEG 1 85% evidence | 8.4/20 RS sector -15.3% · RS bench -0.2% · 1Y 1%7 of 12 weeks ahead 100% evidence |
| Exact sum: 29.4 + 16.8 + 12.2 + 8.4 = 66.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Mazagon Dock Shipbuilders LtdMAZDOCK | 58.5/100Mixed-positive evidence97% evidence | ASLEEP | 27.3/35 Revenue 13.9% · PAT 31.5% · OPM change 4 pp 100% evidence | 18.7/25 ROCE 36% · OPM 15% 100% evidence | 6.5/20 P/E 33.6× · PEG 2.15 85% evidence | 6.0/20 RS sector -22.6% · RS bench -7.9% · 1Y -17.5%4 of 12 weeks ahead 100% evidence |
| Exact sum: 27.3 + 18.7 + 6.5 + 6 = 58.5 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.6% and the one-year return is -17.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 3Swan Defence and Heavy Industries LtdSWANDEF | 40.4/100Thin evidence · provisional55% evidence | TURNING | 19.4/35 Revenue 100% · PAT -25.6% · OPM change 86 pp 62% evidence | 3.0/25 ROCE -7.5% · OPM -106% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 8.0/20 RS sector -43.4% · RS bench 62.3% · 1Y 667.4%7 of 10 weeks ahead 70% evidence |
| Exact sum: 19.4 + 3 + 10 + 8 = 40.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 4Cochin Shipyard LtdCOCHINSHIP | 35.0/100Mixed-negative evidence80% evidence | ASLEEP | 12.2/35 Revenue 4.2% · PAT -13.3% · OPM change 6 pp 88% evidence | 14.8/25 ROCE 16% · OPM 21% 100% evidence | 5.0/20 P/E 52.2× · PEG 8.23 50% evidence | 3.0/20 RS sector -39.6% · RS bench -11.5% · 1Y -21.3%1 of 10 weeks ahead 70% evidence |
| Exact sum: 12.2 + 14.8 + 5 + 3 = 35 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
05 · what price has already done
Market action
Swan Defence and Heavy Industries Ltd has the strongest one-year price move in Ship - Docks/Breaking/Repairs at +667.4%. It also leads on Mansfield relative strength against NIFTY at +62.3%. 1 of 4 covered companies is above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.
Price and relative strength
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Ship - Docks/Breaking/Repairs itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
06 · compare level, then change
Revenue Scale & Growth Durability
Mazagon Dock Shipbuilders Ltd has the highest Revenue among the 4 Ship - Docks/Breaking/Repairs companies compared here, at ₹13,323 crore. Garden Reach Shipbuilders & Engineers Ltd is next at ₹7,507 crore. Swan Defence and Heavy Industries Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Mazagon Dock Shipbuilders Ltd is the scale leader at ₹13,323 crore, 77.5% ahead of Garden Reach Shipbuilders & Engineers Ltd. Swan Defence and Heavy Industries Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 3928.6% from a ₹282 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderMazagon Dock Shipbuilders Ltd · ₹13,323 crore
Gap77.5% versus #2 · Garden Reach Shipbuilders & Engineers Ltd
Persistence8/8 recent comparable periods
Coverage4/4 companies · 73 observations
Investor read: Mazagon Dock Shipbuilders Ltd is the scale benchmark; Swan Defence and Heavy Industries Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Mazagon Dock Shipbuilders Ltd's growth falls below Swan Defence and Heavy Industries 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
Revenue growthfastest growers
Revenue · company comparison
4/4 level · 4/4 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Mazagon Dock Shipbuilders Ltd MAZDOCK | ₹2.9K Cr | 12% | Jun 2026 |
| Garden Reach Shipbuilders & Engineers Ltd GRSE | ₹1.8K Cr | 39% | Jun 2026 |
| Cochin Shipyard Ltd COCHINSHIP | ₹1.5K Cr | -16% | Mar 2026 |
| Swan Defence and Heavy Industries Ltd SWANDEF | ₹236 Cr | 4,620% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Garden Reach Shipbuilders & Engineers Ltd · GRSE
₹422 Cr
₹487 Cr
₹542 Cr
₹580 Cr
₹682 Cr
₹699 Cr
₹601 Cr
₹756 Cr
₹898 Cr
₹923 Cr
₹1.0K Cr
₹1.0K Cr
₹1.2K Cr
₹1.3K Cr
₹1.6K Cr
₹1.3K Cr
₹1.7K Cr
₹1.9K Cr
₹2.1K Cr
₹1.8K Cr
Mazagon Dock Shipbuilders Ltd · MAZDOCK
₹1.6K Cr
₹1.6K Cr
₹1.4K Cr
₹2.2K Cr
₹1.7K Cr
₹1.8K Cr
₹2.1K Cr
₹2.2K Cr
₹1.8K Cr
₹2.4K Cr
₹3.1K Cr
₹2.4K Cr
₹2.8K Cr
₹3.1K Cr
₹3.2K Cr
₹2.6K Cr
₹2.9K Cr
₹3.6K Cr
₹3.9K Cr
₹2.9K Cr
Swan Defence and Heavy Industries Ltd · SWANDEF
—
—
—
—
₹1 Cr
₹0 Cr
₹0 Cr
—
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹1 Cr
₹1 Cr
₹5 Cr
₹0 Cr
₹40 Cr
₹6 Cr
₹236 Cr
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Revenue growth · reported quarter history
Cochin Shipyard Ltd · COCHINSHIP
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—
—
34%
-1.9%
-33%
-51%
7.9%
48%
64%
114%
62%
13%
8.7%
37%
39%
-2.1%
18%
-16%
—
Garden Reach Shipbuilders & Engineers Ltd · GRSE
—
—
—
91%
62%
44%
11%
30%
32%
32%
69%
34%
28%
38%
62%
30%
45%
49%
29%
39%
Mazagon Dock Shipbuilders Ltd · MAZDOCK
—
—
—
84%
8.4%
17%
49%
-2.6%
7.4%
30%
49%
8.5%
51%
33%
2.3%
11%
6.2%
15%
21%
12%
Swan Defence and Heavy Industries Ltd · SWANDEF
—
—
—
—
—
—
—
—
-100%
—
—
—
—
—
—
—
3,900%
500%
4,620%
—
07 · compare level, then change
Operating Economics & Margin Trend
Cochin Shipyard Ltd has the highest OPM among the 4 Ship - Docks/Breaking/Repairs companies compared here, at 21%. Mazagon Dock Shipbuilders Ltd is next at 15%. Swan Defence and Heavy Industries Ltd has the highest Margin change at +86 percentage points, so level and change sit with different companies. Its OPM series carries 19 reported observations across the 20-quarter window.
What the numbers say: Cochin Shipyard Ltd leads opm at 21%; Swan Defence and Heavy Industries Ltd leads margin change at +86 percentage points.
LeaderCochin Shipyard Ltd · 21%
Gap40% versus #2 · Mazagon Dock Shipbuilders Ltd
Persistence2/8 recent comparable periods
Coverage4/4 companies · 63 observations
Investor read: Cochin Shipyard 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
Margin changefastest expanders
Operating margin · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Cochin Shipyard Ltd COCHINSHIP | 21% | +6.0 pp | Mar 2026 |
| Mazagon Dock Shipbuilders Ltd MAZDOCK | 15% | +4.0 pp | Jun 2026 |
| Garden Reach Shipbuilders & Engineers Ltd GRSE | 8.0% | −1.0 pp | Jun 2026 |
| Swan Defence and Heavy Industries Ltd SWANDEF | -106% | +86.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Cochin Shipyard Ltd · COCHINSHIP
24%
15%
24%
7.2%
20%
23%
-11%
17%
19%
29%
22%
23%
17%
21%
15%
23%
7.0%
14%
21%
—
Garden Reach Shipbuilders & Engineers Ltd · GRSE
13%
11%
6.0%
5.8%
7.1%
7.0%
3.0%
6.0%
5.0%
5.0%
9.0%
6.0%
6.0%
6.0%
13%
9.0%
9.0%
9.0%
17%
8.0%
Mazagon Dock Shipbuilders Ltd · MAZDOCK
5.4%
13%
5.5%
7.8%
6.9%
16%
10%
8.0%
10%
23%
17%
27%
19%
26%
3.8%
11%
24%
25%
14%
15%
Swan Defence and Heavy Industries Ltd · SWANDEF
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—
—
—
—
—
—
—
—
—
—
—
—
—
-192%
—
-19%
-341%
-106%
—
Margin change · reported quarter history
Cochin Shipyard Ltd · COCHINSHIP
+4.6 pp
−27.4 pp
+0.6 pp
+0.8 pp
−3.8 pp
+8.2 pp
−35.4 pp
+9.9 pp
−0.8 pp
+6.0 pp
+33.0 pp
+6.0 pp
−2.0 pp
−8.0 pp
−7.0 pp
0.0 pp
−10.0 pp
−7.0 pp
+6.0 pp
—
Garden Reach Shipbuilders & Engineers Ltd · GRSE
+0.7 pp
−1.0 pp
−3.4 pp
+5.1 pp
−5.9 pp
−3.6 pp
−3.0 pp
+0.2 pp
−2.1 pp
−2.0 pp
+6.0 pp
0.0 pp
+1.0 pp
+1.0 pp
+4.0 pp
+3.0 pp
+3.0 pp
+3.0 pp
+4.0 pp
−1.0 pp
Mazagon Dock Shipbuilders Ltd · MAZDOCK
−1.2 pp
+6.7 pp
+1.7 pp
+2.0 pp
+1.5 pp
+3.0 pp
+4.5 pp
+0.2 pp
+3.1 pp
+7.0 pp
+7.0 pp
+19.0 pp
+9.0 pp
+3.0 pp
−13.2 pp
−16.0 pp
+5.0 pp
−1.0 pp
+10.2 pp
+4.0 pp
Swan Defence and Heavy Industries Ltd · SWANDEF
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+3,531.0 pp
+2,818.0 pp
+86.0 pp
—
08 · compare level, then change
Profit Scale & Acceleration
Mazagon Dock Shipbuilders Ltd has the highest Net profit among the 4 Ship - Docks/Breaking/Repairs companies compared here, at ₹2,853 crore. Garden Reach Shipbuilders & Engineers Ltd is next at ₹801 crore. Garden Reach Shipbuilders & Engineers Ltd has the highest Profit growth at 43%, so level and change sit with different companies.
What the numbers say: Mazagon Dock Shipbuilders Ltd leads with ₹2,853 crore of TTM profit, 256.2% above Garden Reach Shipbuilders & Engineers Ltd. Garden Reach Shipbuilders & Engineers Ltd shows 43% growth from a ₹801 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderMazagon Dock Shipbuilders Ltd · ₹2,853 crore
Gap256.2% versus #2 · Garden Reach Shipbuilders & Engineers Ltd
Persistence6/8 recent comparable periods
Coverage4/4 companies · 73 observations
Investor read: Mazagon Dock Shipbuilders 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
Profit growthfastest growers
Net profit · company comparison
4/4 level · 3/4 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Mazagon Dock Shipbuilders Ltd MAZDOCK | ₹550 Cr | 22% | Jun 2026 |
| Cochin Shipyard Ltd COCHINSHIP | ₹276 Cr | -3.8% | Mar 2026 |
| Garden Reach Shipbuilders & Engineers Ltd GRSE | ₹173 Cr | 44% | Jun 2026 |
| Swan Defence and Heavy Industries Ltd SWANDEF | ₹-142 Cr | — | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Cochin Shipyard Ltd · COCHINSHIP
₹131 Cr
₹129 Cr
₹275 Cr
₹42 Cr
₹113 Cr
₹110 Cr
₹39 Cr
₹99 Cr
₹182 Cr
₹244 Cr
₹259 Cr
₹174 Cr
₹189 Cr
₹177 Cr
₹287 Cr
₹188 Cr
₹108 Cr
₹145 Cr
₹276 Cr
—
Garden Reach Shipbuilders & Engineers Ltd · GRSE
₹59 Cr
₹63 Cr
₹47 Cr
₹50 Cr
₹59 Cr
₹64 Cr
₹55 Cr
₹77 Cr
₹81 Cr
₹88 Cr
₹112 Cr
₹87 Cr
₹98 Cr
₹98 Cr
₹244 Cr
₹120 Cr
₹154 Cr
₹171 Cr
₹303 Cr
₹173 Cr
Mazagon Dock Shipbuilders Ltd · MAZDOCK
₹135 Cr
₹215 Cr
₹159 Cr
₹225 Cr
₹214 Cr
₹354 Cr
₹326 Cr
₹314 Cr
₹333 Cr
₹627 Cr
₹663 Cr
₹696 Cr
₹585 Cr
₹807 Cr
₹325 Cr
₹452 Cr
₹749 Cr
₹880 Cr
₹674 Cr
₹550 Cr
Swan Defence and Heavy Industries Ltd · SWANDEF
—
—
—
—
₹-527 Cr
₹-538 Cr
₹-26 Cr
—
₹-30 Cr
₹-27 Cr
₹-39 Cr
₹-51 Cr
₹-53 Cr
₹-53 Cr
₹-23 Cr
₹-31 Cr
₹-20 Cr
₹-33 Cr
₹-142 Cr
—
Profit growth · reported quarter history
Cochin Shipyard Ltd · COCHINSHIP
—
—
—
45%
-14%
-15%
-86%
136%
61%
122%
564%
76%
3.9%
-27%
11%
8.1%
-43%
-18%
-3.8%
—
Garden Reach Shipbuilders & Engineers Ltd · GRSE
—
—
—
138%
0.0%
1.6%
17%
54%
37%
38%
104%
13%
21%
11%
118%
38%
57%
74%
24%
44%
Mazagon Dock Shipbuilders Ltd · MAZDOCK
—
—
—
121%
59%
65%
105%
40%
56%
77%
103%
122%
76%
29%
-51%
-35%
28%
9.1%
107%
22%
09 · compare level, then change
Return On Capital Employed
Garden Reach Shipbuilders & Engineers Ltd has the highest ROCE among the 4 Ship - Docks/Breaking/Repairs companies compared here, at 43%. Mazagon Dock Shipbuilders Ltd is next at 36%. The same company also holds the highest ROCE change, at +9.7 percentage points. 4 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Garden Reach Shipbuilders & Engineers Ltd leads ROCE at 43%, 7 percentage points above Mazagon Dock Shipbuilders Ltd. Garden Reach Shipbuilders & Engineers Ltd has the strongest latest improvement at +9.7 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.
LeaderGarden Reach Shipbuilders & Engineers Ltd · 43%
Gap19.4% versus #2 · Mazagon Dock Shipbuilders Ltd
Persistence8/8 recent comparable periods
Coverage4/4 companies · 46 observations
Investor read: Garden Reach Shipbuilders & Engineers 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
ROCE changefastest improvers
Return on capital · company comparison
4/4 level · 4/4 change
Withheld from this chart: Swan Defence and Heavy Industries Ltd (SWANDEF) — its two data sources disagree by up to 3,636% on reported income across 16 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
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Mazagon Dock Shipbuilders Ltd MAZDOCK | 35% | −0.3 pp | Jun 2026 |
| Garden Reach Shipbuilders & Engineers Ltd GRSE | 27% | +9.7 pp | Jun 2026 |
| Cochin Shipyard Ltd COCHINSHIP | 10% | −5.2 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Cochin Shipyard Ltd · COCHINSHIP
17%
—
14%
—
13%
—
5.4%
—
7.2%
16%
15%
23%
16%
20%
16%
20%
14%
17%
10%
—
Garden Reach Shipbuilders & Engineers Ltd · GRSE
8.0%
—
7.7%
—
8.6%
—
7.4%
—
7.5%
26%
11%
30%
12%
30%
17%
38%
21%
42%
27%
—
Mazagon Dock Shipbuilders Ltd · MAZDOCK
4.9%
—
8.2%
—
10%
—
14%
—
13%
36%
20%
48%
27%
51%
22%
36%
17%
33%
20%
35%
ROCE change · reported quarter history
Cochin Shipyard Ltd · COCHINSHIP
—
—
—
—
−3.5 pp
—
−8.3 pp
—
−5.8 pp
—
+9.9 pp
—
+9.0 pp
+4.5 pp
+0.3 pp
−2.7 pp
−2.4 pp
−2.9 pp
−5.2 pp
—
Garden Reach Shipbuilders & Engineers Ltd · GRSE
—
—
—
—
+0.6 pp
—
−0.3 pp
—
−1.1 pp
—
+3.8 pp
—
+4.2 pp
+3.5 pp
+6.0 pp
+8.0 pp
+9.5 pp
+12.5 pp
+9.7 pp
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Mazagon Dock Shipbuilders Ltd · MAZDOCK
—
—
—
—
+5.3 pp
—
+5.4 pp
—
+2.8 pp
—
+5.9 pp
—
+13.9 pp
+15.1 pp
+2.5 pp
−12.8 pp
−9.5 pp
−17.7 pp
−1.9 pp
−0.3 pp
10 · compare level, then change
Valuation Against Growth & Quality
Garden Reach Shipbuilders & Engineers Ltd has the lowest PEG among the 4 Ship - Docks/Breaking/Repairs companies compared here, at 1×. Mazagon Dock Shipbuilders Ltd is next at 2.15×. Mazagon Dock Shipbuilders Ltd has the lowest P/E at 33.6×, so level and change sit with different companies. 3 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Garden Reach Shipbuilders & Engineers Ltd has the lowest comparable PEG at 1×, 53.5% below Mazagon Dock Shipbuilders Ltd. Only 3 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderGarden Reach Shipbuilders & Engineers Ltd · 1×
Gap53.5% versus #2 · Mazagon Dock Shipbuilders Ltd
Persistence0/8 recent comparable periods
Coverage3/4 companies · 27 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
P/Elowest P/E
Valuation · company comparison
3/4 level · 3/4 change
Withheld from this chart: Swan Defence and Heavy Industries Ltd (SWANDEF) — its two data sources disagree by up to 3,636% on reported income across 16 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
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Cochin Shipyard Ltd COCHINSHIP | 8.2 | 45.5 | Mar 2026 |
| Mazagon Dock Shipbuilders Ltd MAZDOCK | 2.2 | 38.6 | Jun 2026 |
| Garden Reach Shipbuilders & Engineers Ltd GRSE | 1.0 | 41.7 | Jun 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
Cochin Shipyard Ltd · COCHINSHIP
1.5
0.2
0.5
0.2
—
—
—
—
—
—
—
—
—
—
0.9
8.2
—
—
—
—
Garden Reach Shipbuilders & Engineers Ltd · GRSE
0.3
0.3
—
0.8
1.4
2.8
1.4
1.7
1.0
1.4
—
1.2
2.5
1.3
1.6
1.4
0.9
—
—
1.0
Mazagon Dock Shipbuilders Ltd · MAZDOCK
0.2
0.2
—
—
0.9
0.8
—
—
—
—
—
—
—
—
—
2.2
—
—
—
—
P/E · reported quarter history
Cochin Shipyard Ltd · COCHINSHIP
8.1
7.7
7.7
7.2
10.0
12.5
11.5
28.3
44.7
45.9
43.9
74.4
52.9
46.7
46.4
65.0
58.6
57.2
45.5
—
Garden Reach Shipbuilders & Engineers Ltd · GRSE
11.2
12.8
12.7
13.5
18.2
25.4
23.7
28.9
37.8
36.2
29.1
67.3
52.9
50.5
48.9
65.9
53.4
46.4
34.4
41.7
Mazagon Dock Shipbuilders Ltd · MAZDOCK
8.0
8.6
7.0
8.0
13.6
19.7
14.1
22.5
36.6
34.6
23.5
44.6
36.5
36.4
38.8
53.0
52.6
43.9
36.2
38.6
11 · before the conclusion, check the blind spots
What can make this comparison misleading?
This Ship - Docks/Breaking/Repairs comparison names 5 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-feed figures withheld because the two sources disagree. A high growth rate can still be a low-base artefact.
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.
12 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 4 Ship - Docks/Breaking/Repairs companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG 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 standing3 cross-checked · 0 unverified · 1 withheld, of 4 graded companies.
How a second data feed is admitted, and what happens when it disagrees
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.
13 · questions investors ask, short speakable answers
Ship - Docks/Breaking/Repairs company comparison FAQs
These 23 answers restate the Ship - Docks/Breaking/Repairs comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.
Is the Ship - Docks/Breaking/Repairs sector outperforming NIFTY 500?
Ship - Docks/Breaking/Repairs has outperformed NIFTY 500 by 61.8% over 52 weeks and 4.7% over 13 weeks. 1 of 4 covered companies beat NIFTY on Mansfield relative strength, while 0 of 4 beat the sector itself.
Which Ship - Docks/Breaking/Repairs company is largest by revenue?
Mazagon Dock Shipbuilders Ltd leads with revenue of ₹13,323 crore, based on 4 of 4 comparable companies through Jun 2026.
Which Ship - Docks/Breaking/Repairs company is growing fastest?
Swan Defence and Heavy Industries Ltd has the fastest current revenue growth at 100%, across 4 of 4 comparable companies.
Which Ship - Docks/Breaking/Repairs company has the strongest 4-Factor Sector Score?
Garden Reach Shipbuilders & Engineers Ltd ranks first at 66.8/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Ship - Docks/Breaking/Repairs company has the lowest comparable PEG?
Garden Reach Shipbuilders & Engineers Ltd has the lowest comparable PEG at 1, among 3 of 4 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Ship - Docks/Breaking/Repairs comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 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.
What is the Nifty Ship - Docks/Breaking/Repairs index?
The Nifty Ship - Docks/Breaking/Repairs index tracks India's listed Ship - Docks/Breaking/Repairs companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Ship - Docks/Breaking/Repairs sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Ship - Docks/Breaking/Repairs stocks in India?
Ranked by this page's four-factor score, Garden Reach Shipbuilders & Engineers Ltd places first among 4 listed Ship - Docks/Breaking/Repairs companies, followed by Mazagon Dock Shipbuilders Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Ship - Docks/Breaking/Repairs stocks are listed in India?
This comparison covers 4 listed Ship - Docks/Breaking/Repairs 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 Jun 2026.
Which Ship - Docks/Breaking/Repairs company is the biggest?
Mazagon Dock Shipbuilders Ltd is the largest, with trailing-twelve-month revenue of ₹13,323 crore, ahead of Garden Reach Shipbuilders & Engineers Ltd at ₹7,507 crore. That covers 4 of 4 companies with comparable reporting through Jun 2026.
Which Ship - Docks/Breaking/Repairs company has the best profit margins?
Cochin Shipyard Ltd has the highest operating margin at 21%, from 4 of 4 comparable companies. Swan Defence and Heavy Industries Ltd shows the biggest recent improvement, at +86 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Ship - Docks/Breaking/Repairs company makes the most profit?
Mazagon Dock Shipbuilders Ltd earns the most, at ₹2,853 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. Garden Reach Shipbuilders & Engineers Ltd has the fastest profit growth at 43%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Ship - Docks/Breaking/Repairs company earns the highest return on capital?
Garden Reach Shipbuilders & Engineers Ltd leads on return on capital employed at 43%, across 4 of 4 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 Ship - Docks/Breaking/Repairs stock is the cheapest?
On PEG — where a LOWER number is cheaper — Garden Reach Shipbuilders & Engineers Ltd screens cheapest at 1×. Only 3 of 4 companies have earnings and growth steady enough for the ratio to mean anything, 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.
Is the Ship - Docks/Breaking/Repairs sector beating the market?
Ship - Docks/Breaking/Repairs has outperformed NIFTY 500 by 61.8% over the last 52 weeks and 4.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Ship - Docks/Breaking/Repairs stock has the strongest price momentum?
Swan Defence and Heavy Industries 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 Ship - Docks/Breaking/Repairs company scores highest for research priority?
Garden Reach Shipbuilders & Engineers Ltd scores 66.8 out of 100 with 97% evidence confidence, from 29.4 points on growth and earnings, 16.8 on capital efficiency, 12.2 on valuation and 8.4 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 Ship - Docks/Breaking/Repairs companies does this comparison cover, and over what period?
It compares 4 listed companies over up to 20 reported quarters of fundamentals, ending Jun 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 Ship - Docks/Breaking/Repairs sector?
The 4 Ship - Docks/Breaking/Repairs companies on this page carry ₹1,76,342 crore of combined market value. Mazagon Dock Shipbuilders Ltd is the largest at ₹96,077 crore, about 54% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.
How is the Ship - Docks/Breaking/Repairs sector performing?
1 of the 4 covered Ship - Docks/Breaking/Repairs companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 61.8% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.
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.