Sector Alpha Week of 2026-08-05
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.

01 · the index people search for

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.

02 · the sector itself · before any single company

How has Shipping 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 50% 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 50wPrice 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↑

2005001000200020262025202420232022 1903333 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
2005001000200020262025202420232022 1903333 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

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.

03 · sector relative strength, before individual stocks

Is Shipping outperforming NIFTY 500?

Shipping has outperformed NIFTY 500 by 71.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 5.6%. 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 +23.9%.

+5.6%Sector vs NIFTY 500 · 13 weeks
+71.1%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

Shipping has outperformed NIFTY 500 by 71.1% over 52 weeks and 5.6% over 13 weeks. 5 of 6 covered companies beat NIFTY on Mansfield relative strength, while 1 of 6 beat the sector itself. Shipping Corporation of India Ltd leads with revenue of ₹5,780 crore, based on 6 of 6 comparable companies through Mar 2026.

Companies
6
complete canonical membership
Combined market value
₹46.3K 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
Comparing 5 of 6
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%
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.
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.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1SEAMEC LtdSEAMECLTD 77.5/100Favorable setup100% evidence ASLEEP 29.8/35 Revenue 46% · PAT 100% · OPM change 8 pp 100% evidence 20.4/25 ROCE 20% · OPM 49% 100% evidence 18.0/20 P/E 14.8× · PEG 0.58 100% evidence 9.3/20 RS sector -2.1% · RS bench 18.9% · 1Y 75.1%5 of 12 weeks ahead 100% evidence
Exact sum: 29.8 + 20.4 + 18 + 9.3 = 77.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Knowledge Marine & Engineering Works LtdKMEW 57.3/100Mixed-positive evidence82% evidence LEADER 15.5/35 Revenue 28% · PAT 60% · OPM change -8 pp 95% evidence 15.9/25 ROCE 16.3% · OPM 27% 76% evidence 5.9/20 P/E 76.9× · PEG — 50% evidence 20.0/20 RS sector 23.9% · RS bench 49.6% · 1Y 186.5%12 of 12 weeks ahead 100% evidence
Exact sum: 15.5 + 15.9 + 5.9 + 20 = 57.3 · Decision use: Price leads the evidence: RS versus the benchmark is 49.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
3Shipping Corporation of India LtdSCI 56.3/100Mixed-positive evidence100% evidence FADING 21.7/35 Revenue 3.1% · PAT 60.5% · OPM change 12 pp 100% evidence 13.2/25 ROCE 14.3% · OPM 40% 100% evidence 14.8/20 P/E 10× · PEG 0.86 100% evidence 6.6/20 RS sector -8.3% · RS bench 13.4% · 1Y 33%9 of 12 weeks ahead 100% evidence
Exact sum: 21.7 + 13.2 + 14.8 + 6.6 = 56.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Great Eastern Shipping Company LtdGESHIP 52.6/100Mixed-positive evidence100% evidence ASLEEP 16.9/35 Revenue 1.6% · PAT 25.5% · OPM change 21 pp 100% evidence 14.5/25 ROCE 15.8% · OPM 62% 100% evidence 17.6/20 P/E 7.8× · PEG 0.24 100% evidence 3.6/20 RS sector -13.1% · RS bench 6.6% · 1Y 40.4%3 of 12 weeks ahead 100% evidence
Exact sum: 16.9 + 14.5 + 17.6 + 3.6 = 52.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Dredging Corporation of India LtdDREDGECORP 47.5/100Mixed-negative evidence77% evidence TURNING 25.7/35 Revenue 5.9% · PAT 100% · OPM change 13 pp 100% evidence 3.6/25 ROCE 4.3% · OPM 30% 100% evidence 8.5/20 P/E 672× · PEG — 15% evidence 9.7/20 RS sector -9.4% · RS bench 25.7% · 1Y 64.5%8 of 11 weeks ahead 70% evidence
Exact sum: 25.7 + 3.6 + 8.5 + 9.7 = 47.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Essar Shipping LtdESSARSHPNG 27.3/100Thin evidence · provisional52% evidence 10.2/35 Revenue -52.4% · PAT 100% · OPM change -10908 pp 44% evidence 5.8/25 ROCE -208% · OPM — 61% evidence 8.3/20 P/E — · PEG — 35% evidence 3.0/20 RS sector -34.9% · RS bench -13.9% · 1Y -22%0 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 10.2 + 5.8 + 8.3 + 3 = 27.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
05 · what price has already done

Market action

Knowledge Marine & Engineering Works Ltd has the strongest one-year price move in Shipping at +186.5%. It also leads on Mansfield relative strength against NIFTY at +49.6%. 5 of 6 covered companies are 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.

06 · 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.
Revenue · company comparison
6/6 level · 6/6 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.

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%
07 · 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.
Operating margin · company comparison
5/6 level · 6/6 change
All-company data · latest reported quarter
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%
-0.7%
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
−29.7 pp
−10.0 pp
+10.0 pp
+11.0 pp
+12.7 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
08 · 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
3Essar Shipping Ltd ESSARSHPNG₹722 Cr
4SEAMEC Ltd SEAMECLTD₹254 Cr
Net profit · company comparison
6/6 level · 5/6 change
All-company data · latest reported quarter
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%
09 · 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.
Return on capital · company comparison
6/6 level · 6/6 change

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
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
10 · compare level, then change

Valuation Against Growth & Quality

Great Eastern Shipping Company Ltd has the lowest 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 7.75×. 3 of 6 companies report a comparable reading, the latest through Mar 2026. Its PEG series carries 7 reported observations across the 20-quarter window.

What the numbers say: Great Eastern Shipping Company Ltd has the lowest comparable PEG at 0.24×, 58.6% below SEAMEC Ltd. Only 3 of 6 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.

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 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.
Valuation · company comparison
3/6 level · 5/6 change
All-company data · latest reported quarter
CompanyPEGP/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 KMEW54.8Mar 2026
Dredging Corporation of India Ltd DREDGECORP451.1Mar 2026
Essar Shipping Ltd ESSARSHPNG11.0Dec 2025
Full 20-quarter history · every available company

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
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Shipping comparison names 5 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. 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 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 2026-07-31. 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 2026-07-31 · 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 standing4 cross-checked · 1 unverified · 1 withheld, of 6 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

Shipping company comparison FAQs

These 24 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 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Shipping sector outperforming NIFTY 500?

Shipping has outperformed NIFTY 500 by 71.1% over 52 weeks and 5.6% over 13 weeks. 5 of 6 covered companies beat NIFTY on Mansfield relative strength, while 1 of 6 beat the sector itself.

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 77.5/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Shipping company has the lowest comparable PEG?

Great Eastern Shipping Company Ltd has the lowest comparable PEG at 0.24, among 3 of 6 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Shipping comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

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 Knowledge Marine & Engineering Works 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 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 PEG — where a LOWER number is cheaper — Great Eastern Shipping Company Ltd screens cheapest at 0.24×. Only 3 of 6 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 Shipping sector beating the market?

Shipping has outperformed NIFTY 500 by 71.1% over the last 52 weeks and 5.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 5 of 6 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

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 77.5 out of 100 with 100% evidence confidence, from 29.8 points on growth and earnings, 20.4 on capital efficiency, 18 on valuation and 9.3 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, 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 ₹46,280 crore of combined market value. Great Eastern Shipping Company Ltd is the largest at ₹19,279 crore, about 42% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

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

The median price-to-earnings ratio across the 6 Shipping companies on this page is 14.8×, 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 2026-08-05.

How is the Shipping sector performing?

5 of the 6 covered Shipping companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 71.1% 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.

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