Shipping Stocks and Companies in India

The largest Shipping stocks in India by market value are Great Eastern Shipping Company (₹20,819 crore), Shipping Corporation of India (₹12,487 crore) and Knowledge Marine & Engineering Works (₹7,977 crore), at prices of 4 Nov 2026.

• Great Eastern Shipping Company: ₹1,593.60 | market value ₹20,819 crore | P/E 5.6
• Shipping Corporation of India: ₹268.07 | market value ₹12,487 crore | P/E 7.7
• Knowledge Marine & Engineering Works: ₹3,105.15 | market value ₹7,977 crore | P/E 61.6
• SEAMEC: ₹1,547.40 | market value ₹3,934 crore | P/E 15.3
• Dredging Corporation of India: ₹879.30 | market value ₹2,462 crore | P/E 62.6
• Essar Shipping: ₹22.10 (price from the week of 29 Mar 2026) | market value ₹457 crore

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 6 listed Indian Shipping companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Shipping index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. Every figure is equal-weighted across those companies and carries its own as-of date.

1. Great Eastern Shipping Company Ltd₹20,800 cr
2. Shipping Corporation of India Ltd₹11,400 cr
3. Knowledge Marine & Engineering Works Ltd₹7,980 cr
4. SEAMEC Ltd₹4,130 cr
5. Dredging Corporation of India Ltd₹2,290 cr
6. Essar Shipping Ltd₹457 cr

6 Shipping companies in the Shipping industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 6 are listed below, largest first. The largest is Great Eastern Shipping Company (₹20,819 crore) and the smallest with a market value is Essar Shipping.

Download all 6 Shipping companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 56% ahead of NIFTY 500. Earnings across its companies grew 39% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 10 weeks running.

Price and the fundamentals both up. 3 of the 5 companies with a long enough price record pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Ahead of NIFTY 500 on the three-month view for 10 weeks running; 3 of the 5 companies in the industry index above their 200-day average (no change from four weeks earlier); 3 of those 5 pass the momentum test (no change from four weeks earlier); earnings rising at 5 of the 5 that report earnings.

Ahead of NIFTY 500 for 10 weeks running, participation steady at 3 → 3 of 5. Earnings confirming, 5 of 5 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of 5 of its 6 companies (the 1 with too short a price record are ranked in the scorecard but cannot sit in this line). The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Shipping has done better than the NIFTY 500 by 49% over the last 52 weeks. Over 13 weeks the gap is a lead of 9.2%. Knowledge Marine & Engineering Works Ltd is the strongest against the sector itself at +35.4%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 16.0 as of 30 October 2026 (consolidation, falling).

Shipping has done better than the NIFTY 500 by 49% over 52 weeks and by 9.2% over 13 weeks. 3 of 6 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (1 has no relative-strength reading yet), and 3 of the 4 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

SEAMEC Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.

Ranked last: too little evidence (1 company)

Under 60% of the evidence behind this score is available, so it ranks after every company above, whatever the score.

Knowledge Marine & Engineering Works Ltd has the strongest one-year price move in Shipping at +156.8%. It also leads on relative strength against the NIFTY, at +55.2%. 3 of 6 companies we track are ahead of the index on that measure (1 has no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: 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.

RS vs NIFTY 500: 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.

RS vs sector: The same measure taken against Shipping 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.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

A late price-stage winner with renewed earnings strength, high margins and no verified long sideways base. In the week of 5 October 2026, 80% of 5 Shipping companies were beating the Nifty 500, against 100% on 25 May 2026.

From our industry review of 10 October 2026.

Higher freight earnings, offshore contracts and dredging opportunities support the industry, but these are different businesses with different cycles. The calls cover only part of the industry, so lasting improvement across all members is not established.

From our industry review of 10 October 2026.

3 of 5 Shipping companies held a results call for April to June 2026. SEAMEC guided: Anant acquisition for $70 million, funded approximately 50:50 through debt and internal equity, planned for completion by end-October.

From the results calls for April to June 2026.

Big funds, foreign and Indian, raised their stake by 1.5 points over the last two quarters. Founders and promoters cut theirs by 0.6 points.

• Spending on new plants and equipment was ₹3,118 crore in the last 12 months, 139% more than a year before.
• Projects still being built grew 90% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 6 Shipping companies, in percentage points.

Ownership and spending as of 10 October 2026.

1 chain of cause and effect links Shipping to other industries right now. West Asia disruption helps freight prices but hurts cargo and factories. For Shipping: Disrupted routes support current freight earnings, although profits could weaken when routes return to normal.

From our cross-industry review of 10 October 2026.

The next things that show whether the Shipping story is on course. First: Knowledge Marine's post-monsoon dredging awards and Saphale commissioning against the FY27-end goal.

• Great Eastern's remaining rig repricing and the VLGC charter reset in Q1 2027.
• The next company results showing whether strong freight earnings persist without weakening operating margins.

What would change the story

A sector-wide result showing profit still rising after freight rates normalize, with growth coming mainly from revenue and durable contracts rather than high margins, would overturn my late-cycle caution.

From our industry review of 10 October 2026.

Shipping Corporation of India Ltd has the highest Revenue among the 6 Shipping companies compared here, at ₹6,311 crore. Great Eastern Shipping Company Ltd is next at ₹6,212 crore. SEAMEC Ltd has the highest Revenue growth at 60.2%, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Shipping Corporation of India Ltd is the largest at ₹6,311 crore, 1.6% ahead of Great Eastern Shipping Company Ltd. SEAMEC Ltd's growth is 60.2% from a ₹1,038 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Shipping Corporation of India Ltd is the size to compare against; SEAMEC Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

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

Revenue · largest

Revenue growth · fastest growers

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.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Great Eastern Shipping Company Ltd has the highest OPM among the 6 Shipping companies compared here, at 67%. Knowledge Marine & Engineering Works Ltd is next at 64%. Knowledge Marine & Engineering Works Ltd has the highest Margin change at +23 percentage points, so level and change sit with different companies.

What the numbers say: Great Eastern Shipping Company Ltd leads opm at 67%; Knowledge Marine & Engineering Works Ltd leads margin change at +23 percentage points.

What this means: Great Eastern Shipping Company Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Great Eastern Shipping Company Ltd has the highest Net profit among the 6 Shipping companies compared here, at ₹3,747 crore. Shipping Corporation of India Ltd is next at ₹1,618 crore. Knowledge Marine & Engineering Works 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 earns the most, ₹3,747 crore of profit over the last 12 months, 131.6% above Shipping Corporation of India Ltd. Knowledge Marine & Engineering Works Ltd shows at least 100% on the scoring scale (158.8% in full) growth from a profit base of ₹132 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Great Eastern Shipping Company Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

SEAMEC Ltd has the highest ROCE among the 6 Shipping companies compared here, at 19.7%. Knowledge Marine & Engineering Works Ltd is next at 16.3%. The same company also has the highest ROCE change, at +9.3 percentage points. 6 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: SEAMEC Ltd leads ROCE at 19.7%, 3.4 percentage points above Knowledge Marine & Engineering Works Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: SEAMEC Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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

Withheld from this chart: Essar Shipping Ltd (ESSARSHPNG): its two data sources disagree by up to 124% 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.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

SEAMEC Ltd has the lowest PEG among the 6 Shipping companies compared here, at 0.58×. Shipping Corporation of India Ltd is next at 0.86×. Great Eastern Shipping Company Ltd has the lowest P/E at 5.56×, so level and change sit with different companies. 4 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: SEAMEC Ltd has the lowest comparable PEG at 0.58×, 32.6% below Shipping Corporation of India Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. 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

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Shipping companies show up on 4 of our India lists. The most are on the momentum stocks list (3 companies).

This Shipping comparison names 6 specific ways its own evidence can mislead, all listed below. 1 of the 6 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 1 has second-source figures left out because the two sources disagree. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
• 1 company is missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.

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 Jun 2026 and market data through 30 October 2026.

1 of 6 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Essar Shipping Ltd (ESSARSHPNG): its two data sources disagree by up to 124% on reported income across 11 comparable periods, so its derived ratios are withheld.

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 Jun 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.