Sector Alpha Week of 2026-09-17
Not SEBI Registered !! Not Investment advice !!
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.

The 6 Shipping companies listed in India are Great Eastern Shipping Company Ltd (₹20.2K Cr, the largest), Shipping Corporation of India Ltd, Knowledge Marine & Engineering Works Ltd and 3 more. 5 of 6 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.

All 6 Shipping Stocks in India (Sep 2026) — ranked by 4-Factor score

  1. 1SEAMEC Ltd₹4.5K Cr76.1/100Favorable setup · strongest on ROCE and PEG
  2. 2Knowledge Marine & Engineering Works Ltd₹7.3K Cr69.6/100Favorable setup · strongest on profit growth and relative strength versus sector
  3. 3Great Eastern Shipping Company Ltd₹20.2K Cr63.6/100Mixed-positive evidence · strongest on PEG and profit growth
  4. 4Shipping Corporation of India Ltd₹13.1K Cr55.3/100Mixed-positive evidence · strongest on profit growth and PEG
  5. 5Dredging Corporation of India Ltd₹2.9K Cr37.5/100Mixed-negative evidence · strongest on ROCE improvement and relative strength versus the benchmark
  6. 6Essar Shipping Ltd₹457 Cr32.1/100Thin evidence · provisional

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 11 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Shipping Index — Constituents & Performance

All 6 listed Indian Shipping companies are named here, largest first — the same constituent set people search for as the Nifty Shipping index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

  1. Great Eastern Shipping Company Ltd₹20.2K Cr
  2. Shipping Corporation of India Ltd₹13.1K Cr
  3. Knowledge Marine & Engineering Works Ltd₹7.3K Cr
  4. SEAMEC Ltd₹4.5K Cr
  5. Dredging Corporation of India Ltd₹2.9K Cr
  6. Essar Shipping Ltd₹457 Cr
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 66% ahead of NIFTY 500. Earnings across its companies grew 39% on average over the last four reported quarters.

TURNING · ahead 3wPrice and the fundamentals both up2 of the 5 companies with a long enough price record ahead of NIFTY 500 by 5% or more over three months

RS ↑3w · 5/5 >200d (+1) · 2/5 lead (+0) · EPS 5/5↑

200500100020262025202420232022 1743303 TRAILING 12-MONTH EPS · 100 AT THE START0100314Jun 22Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 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 reportingJun 2026 · trailing 12-month earnings per share at 314, against 100 at the start · up 103.1% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two314No earnings on file this far back — the price series reaches further than the filings do
200500100020262025202420232022 1743303 TRAILING 12-MONTH EPS · 100 AT THE START0100314Jun 22Jun 23Jun 24Jun 25Jun 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 reportingJun 2026 · trailing 12-month earnings per share at 314, against 100 at the start · up 103.1% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two314No 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 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 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 78.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 12%. 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 +27.9%.

+12.0%Sector vs NIFTY 500 · 13 weeks
+78.1%Sector vs NIFTY 500 · 52 weeks
5/6Stocks leading NIFTY 500
2/6Stocks leading sector

Sector metric: 21.8 as of 2026-08-22 · 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 78.1% over 52 weeks and 12% over 13 weeks. 5 of 6 covered companies beat NIFTY on Mansfield relative strength, while 2 of 6 beat the sector itself. Shipping Corporation of India Ltd leads with revenue of ₹6,311 crore, based on 6 of 6 comparable companies through Jun 2026.

Companies
6
complete canonical membership
Combined market value
₹48.4K 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.
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 76.1/100Favorable setup100% evidence TURNING 27.1/35 Revenue 60.2% · PAT 100% · OPM change -4 pp 100% evidence 15.9/25 ROCE 19.7% · OPM 42% 100% evidence 17.0/20 P/E 17.7× · PEG 0.58 100% evidence 16.1/20 RS sector 12.5% · RS bench 39.4% · 1Y 93.1%2 of 12 weeks ahead 100% evidence
Exact sum: 27.1 + 15.9 + 17 + 16.1 = 76.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Knowledge Marine & Engineering Works LtdKMEW 69.6/100Favorable setup82% evidence LEADER 25.4/35 Revenue 57.6% · PAT 100% · OPM change 23 pp 95% evidence 17.8/25 ROCE 16.4% · OPM 64% 76% evidence 6.4/20 P/E 56.2× · PEG — 50% evidence 20.0/20 RS sector 27.9% · RS bench 57.9% · 1Y 228.9%12 of 12 weeks ahead 100% evidence
Exact sum: 25.4 + 17.8 + 6.4 + 20 = 69.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3Great Eastern Shipping Company LtdGESHIP 63.6/100Mixed-positive evidence93% evidence TURNING 26.4/35 Revenue 23.9% · PAT 84% · OPM change 13 pp 100% evidence 14.5/25 ROCE 15.8% · OPM 67% 100% evidence 16.5/20 P/E 5.4× · PEG 0.24 65% evidence 6.2/20 RS sector -11.9% · RS bench 10.7% · 1Y 45.4%0 of 12 weeks ahead 100% evidence
Exact sum: 26.4 + 14.5 + 16.5 + 6.2 = 63.6 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.9% and the one-year return is 45.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
4Shipping Corporation of India LtdSCI 55.3/100Mixed-positive evidence100% evidence ASLEEP 26.3/35 Revenue 16.7% · PAT 78.6% · OPM change 8 pp 100% evidence 11.1/25 ROCE 13.9% · OPM 45% 100% evidence 14.3/20 P/E 8.1× · PEG 0.86 100% evidence 3.6/20 RS sector -14.2% · RS bench 8.1% · 1Y 34.3%3 of 12 weeks ahead 100% evidence
Exact sum: 26.3 + 11.1 + 14.3 + 3.6 = 55.3 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.2% and the one-year return is 34.3%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
5Dredging Corporation of India LtdDREDGECORP 37.5/100Mixed-negative evidence68% evidence FADING 16.0/35 Revenue 7.2% · PAT 100% · OPM change -2 pp 74% evidence 2.8/25 ROCE 4.3% · OPM 17% 100% evidence 8.5/20 P/E 74× · PEG — 15% evidence 10.2/20 RS sector -9.4% · RS bench 11.1% · 1Y 62.6%5 of 11 weeks ahead 70% evidence
Exact sum: 16 + 2.8 + 8.5 + 10.2 = 37.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Essar Shipping LtdESSARSHPNG 32.1/100Thin evidence · provisional42% evidence 13.1/35 Revenue -52.4% · PAT 100% · OPM change -10908 pp 27% evidence 7.5/25 ROCE -208% · OPM — 46% evidence 8.5/20 P/E — · PEG — 35% evidence 3.0/20 RS sector -34.9% · RS bench -13.9% · 1Y -11.6%0 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 13.1 + 7.5 + 8.5 + 3 = 32.1 · 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 +228.9%. It also leads on Mansfield relative strength against NIFTY at +57.9%. 5 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.

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 ₹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 scale leader 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 observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderShipping Corporation of India Ltd · ₹6,311 crore
Gap1.6% versus #2 · Great Eastern Shipping Company Ltd
Persistence4/8 recent comparable periods
Coverage6/6 companies · 103 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
Great Eastern Shipping Company Ltd GESHIP₹2.0K Cr67%Jun 2026
Shipping Corporation of India Ltd SCI₹1.8K Cr40%Jun 2026
Dredging Corporation of India Ltd DREDGECORP₹355 Cr47%Jun 2026
SEAMEC Ltd SEAMECLTD₹297 Cr41%Jun 2026
Knowledge Marine & Engineering Works Ltd KMEW₹115 Cr140%Jun 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

₹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
₹355 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

₹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
₹2.0K 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
₹115 Cr

SEAMEC Ltd · SEAMECLTD

₹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
₹297 Cr

Shipping Corporation of India Ltd · SCI

₹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
₹1.8K 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%
47%

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%
67%

Knowledge Marine & Engineering Works Ltd · KMEW

263%
15%
12%
-3.9%
55%
45%
140%

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%
41%

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%
40%
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 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.

LeaderGreat Eastern Shipping Company Ltd · 67%
Gap4.7% versus #2 · Knowledge Marine & Engineering Works Ltd
Persistence4/8 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 GESHIP67%+13.0 ppJun 2026
Knowledge Marine & Engineering Works Ltd KMEW64%+23.0 ppJun 2026
Shipping Corporation of India Ltd SCI45%+8.0 ppJun 2026
SEAMEC Ltd SEAMECLTD42%−4.0 ppJun 2026
Dredging Corporation of India Ltd DREDGECORP17%−2.0 ppJun 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

18%
18%
13%
12%
26%
16%
-50%
28%
29%
26%
7.0%
8.0%
-0.7%
16%
17%
19%
12%
12%
30%
17%

Essar Shipping Ltd · ESSARSHPNG

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

Great Eastern Shipping Company Ltd · GESHIP

44%
44%
42%
54%
55%
56%
58%
62%
52%
52%
63%
60%
48%
49%
41%
54%
59%
57%
62%
67%

Knowledge Marine & Engineering Works Ltd · KMEW

40%
59%
28%
43%
34%
25%
24%
37%
40%
43%
35%
41%
40%
43%
27%
64%

SEAMEC Ltd · SEAMECLTD

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

Shipping Corporation of India Ltd · SCI

33%
33%
25%
20%
23%
31%
33%
30%
22%
31%
29%
34%
37%
27%
28%
37%
30%
42%
40%
45%

Margin change · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

+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
−2.0 pp

Essar Shipping Ltd · ESSARSHPNG

+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

−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
+13.0 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
+23.0 pp

SEAMEC Ltd · SEAMECLTD

+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
−4.0 pp

Shipping Corporation of India Ltd · SCI

+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
+8.0 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 ₹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 leads with ₹3,747 crore of TTM profit, 131.6% above Shipping Corporation of India Ltd. Knowledge Marine & Engineering Works Ltd shows ≥100% on the scoring scale (158.8% uncapped) growth from a ₹132 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderGreat Eastern Shipping Company Ltd · ₹3,747 crore
Gap131.6% versus #2 · Shipping Corporation of India Ltd
Persistence5/8 recent comparable periods
Coverage6/6 companies · 103 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 · older report₹722 Cr
4SEAMEC Ltd SEAMECLTD₹259 Cr
Net profit · company comparison
6/6 level · 4/6 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Great Eastern Shipping Company Ltd GESHIP₹1.3K Cr160%Jun 2026
Shipping Corporation of India Ltd SCI₹619 Cr75%Jun 2026
SEAMEC Ltd SEAMECLTD₹81 Cr6.6%Jun 2026
Knowledge Marine & Engineering Works Ltd KMEW₹63 Cr473%Jun 2026
Essar Shipping Ltd ESSARSHPNG₹27 Cr-235%Dec 2025
Dredging Corporation of India Ltd DREDGECORP₹11 Cr314%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Dredging Corporation of India Ltd · DREDGECORP

₹-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
₹11 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

₹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
₹1.3K 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
₹63 Cr

SEAMEC Ltd · SEAMECLTD

₹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
₹81 Cr

Shipping Corporation of India Ltd · SCI

₹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
₹619 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%
160%

Knowledge Marine & Engineering Works Ltd · KMEW

1,500%
57%
10%
-7.7%
106%
118%
473%

SEAMEC Ltd · SEAMECLTD

77%
-35%
-105%
-200%
13%
-182%
92%
-105%
-23%
52%
154%
6.6%

Shipping Corporation of India Ltd · SCI

-28%
-49%
-14%
159%
51%
-47%
-50%
-19%
69%
341%
-43%
-40%
22%
-35%
433%
119%
75%
09 · compare level, then change

Return On Capital Employed

SEAMEC Ltd has the highest ROCE among the 6 Shipping companies compared here, at 19.7%. Knowledge Marine & Engineering Works Ltd is next at 16.4%. 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 Jun 2026.

What the numbers say: SEAMEC Ltd leads ROCE at 19.7%, 3.3 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 · 19.7%
Gap20.1% 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 ppJun 2026
Great Eastern Shipping Company Ltd GESHIP11%−0.5 ppJun 2026
Shipping Corporation of India Ltd SCI10%+1.7 ppJun 2026
Dredging Corporation of India Ltd DREDGECORP4.4%+5.0 ppJun 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 5.38×. 3 of 6 companies report a comparable reading, the latest through Jun 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 SCI0.910.7Jun 2026
SEAMEC Ltd SEAMECLTD0.615.1Jun 2026
Great Eastern Shipping Company Ltd GESHIP0.27.3Jun 2026
Knowledge Marine & Engineering Works Ltd KMEW69.5Jun 2026
Dredging Corporation of India Ltd DREDGECORP627.9Jun 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
627.9

Essar Shipping Ltd · ESSARSHPNG

4.2
10.1
9.8
6.8
4.1
11.0

Great Eastern Shipping Company Ltd · GESHIP

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
7.3

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
69.5

SEAMEC Ltd · SEAMECLTD

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
15.1

Shipping Corporation of India Ltd · SCI

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
10.7
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Shipping comparison names 6 specific ways its own evidence can mislead, all listed below. 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-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 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-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 Jun 2026 and market data through 2026-09-11. 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 2026-09-11 · 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 Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.

Is the Shipping sector outperforming NIFTY 500?

Shipping has outperformed NIFTY 500 by 78.1% over 52 weeks and 12% over 13 weeks. 5 of 6 covered companies beat NIFTY on Mansfield relative strength, while 2 of 6 beat the sector itself.

Which Shipping company is largest by revenue?

Shipping Corporation of India Ltd leads with revenue of ₹6,311 crore, based on 6 of 6 comparable companies through Jun 2026.

Which Shipping company is growing fastest?

SEAMEC Ltd has the fastest current revenue growth at 60.2%, across 6 of 6 comparable companies.

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

SEAMEC Ltd ranks first at 76.1/100 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 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.

Is there a Nifty Shipping index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Shipping, this page builds its own equal-weight basket of 6 listed Shipping companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 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 Jun 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 Jun 2026.

Which Shipping company is the biggest?

Shipping Corporation of India Ltd is the largest, with trailing-twelve-month revenue of ₹6,311 crore, ahead of Great Eastern Shipping Company Ltd at ₹6,212 crore. That covers 6 of 6 companies with comparable reporting through Jun 2026.

Which Shipping company has the best profit margins?

Great Eastern Shipping Company Ltd has the highest operating margin at 67%, from 5 of 6 comparable companies. Knowledge Marine & Engineering Works Ltd shows the biggest recent improvement, at +23 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 ₹3,747 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Knowledge Marine & Engineering Works Ltd has the fastest profit growth at the ≥100% scoring cap, 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 19.7%, 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 78.1% over the last 52 weeks and 12% 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 76.1 out of 100 with 100% evidence confidence, from 27.1 points on growth and earnings, 15.9 on capital efficiency, 17 on valuation and 16.1 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 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 Shipping sector?

The 6 Shipping companies on this page carry ₹48,425 crore of combined market value. Great Eastern Shipping Company Ltd is the largest at ₹20,162 crore, about 42% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.

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

The median price-to-earnings ratio across the 6 Shipping companies on this page is 17.7×, 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 2026-09-17.

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 78.1% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.

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.

Not SEBI Registered !! Not Investment advice !!

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