# Shipping/Dredging — company-by-company sector analysis > Shipping/Dredging: Shreeji Shipping Global Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-20. Not investment advice. ## Bottom line Shipping/Dredging has outperformed NIFTY 500 by 79.6% over 52 weeks and 19% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. Shreeji Shipping Global Ltd leads with revenue of ₹757 crore, based on 1 of 2 comparable companies through Jun 2026. ## Sector relative strength Shipping/Dredging has outperformed NIFTY 500 by 79.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 19%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. ABS Marine Services Ltd is the strongest against the sector itself at -22.3%. Readings are as of 2026-08-09. 13-week sector return versus NIFTY 500: 19% 52-week sector return versus NIFTY 500: 80% Stocks leading NIFTY: 1/1 Stocks leading sector: 0/1 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 2 Combined market value: ₹11.2K Cr ## 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. 1. ABS Marine Services Ltd (ABSMARINE): 58/100 — Thin evidence · provisional; evidence 53% - Growth & earnings 22.0/35 | Capital efficiency 20.7/25 | Valuation 10.0/20 | Relative strength 5.0/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of the last 12 weeks - Exact sum: 22 + 20.7 + 10 + 5 = 57.7 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 2. Shreeji Shipping Global Ltd (SHREEJISPG): 51/100 — Thin evidence · provisional; evidence 57% - Growth & earnings 10.9/35 | Capital efficiency 19.6/25 | Valuation 10.0/20 | Relative strength 10.0/20 - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks - Exact sum: 10.9 + 19.6 + 10 + 10 = 50.5 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Market action Shreeji Shipping Global Ltd has the strongest one-year price move in Shipping/Dredging at +158.5%. ABS Marine Services Ltd leads on Mansfield relative strength against NIFTY at +11%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14. ### Strongest one-year price performers 1. Shreeji Shipping Global Ltd (SHREEJISPG): 159% 2. ABS Marine Services Ltd (ABSMARINE): 17% ### Strongest relative strength versus NIFTY 500 1. ABS Marine Services Ltd (ABSMARINE): 11% ## Shipping/Dredging — the story behind the numbers This is the written read behind the Shipping/Dredging figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 29 Jul 2026. 5 themes are live here, 2 of them rated high severity. The Shipping/Dredging sector shows mixed signals based on the sole constituent analyzed, SHREEJISPG. While the demand environment is classified as IMPROVING with net sales growing 20.49% year-on-year to ₹188.07 crores, profitability metrics indicate stress. How old this read is: This read comes from our Shipping/Dredging sector brief dated 29 Jul 2026, so the words here and the numbers above them cover the same few weeks. ### Live themes, worst first - HIGH | Port Handling Agreement with KTLP declared void ab initio by Committee of Creditors during insolvency proceedings. | Company reviewing the matter and exploring potential legal or commercial avenues. | named for SHREEJISPG - HIGH | Admiralty suit filed by Segal Ships resulted in court order for arrest of five vessels. | Company contesting matter on merits and pursuing legal remedies to vacate remaining arrests. | named for SHREEJISPG - MEDIUM | Coal cargo represents 84% of total volumes, creating exposure to policy shifts toward renewables. | named for SHREEJISPG - MEDIUM | Employee turnover reached 37% in FY25, impacting operational stability and vessel efficiency. | named for SHREEJISPG - LOW | Ongoing tax disputes totaling ₹30 Crores and contingent liabilities of ₹413 Crores in guarantees. | named for SHREEJISPG Sources: our Shipping/Dredging sector brief, 29 Jul 2026. ## Revenue Scale & Growth Durability What the numbers say: Shreeji Shipping Global Ltd is the scale leader at ₹757 crore, Shreeji Shipping Global Ltd's growth is 23.1% from a ₹757 crore base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Shreeji Shipping Global Ltd is the scale benchmark; Shreeji Shipping Global Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Shreeji Shipping Global Ltd's growth falls below Shreeji Shipping Global Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Shreeji Shipping Global Ltd · ₹757 crore | Not enough peers | 5/5 recent comparable periods | 1/2 companies · 13 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Shreeji Shipping Global Ltd (SHREEJISPG): ₹757 Cr ### Revenue growth — fastest growers 1. Shreeji Shipping Global Ltd (SHREEJISPG): 23% ### 14-quarter Revenue history - SHREEJISPG: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 ₹130 Cr | Sep 2024 ₹146 Cr | Dec 2024 ₹152 Cr | Mar 2025 ₹156 Cr | Jun 2025 ₹161 Cr | Sep 2025 ₹162 Cr | Dec 2025 ₹198 Cr | Mar 2026 ₹188 Cr | Jun 2026 ₹209 Cr - ABSMARINE: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹80 Cr | Dec 2024 — | Mar 2025 ₹100 Cr | Jun 2025 — | Sep 2025 ₹136 Cr | Dec 2025 — | Mar 2026 ₹183 Cr | Jun 2026 — ### 14-quarter Revenue growth history - SHREEJISPG: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 24% | Sep 2025 11% | Dec 2025 30% | Mar 2026 21% | Jun 2026 30% - ABSMARINE: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 70% | Dec 2025 — | Mar 2026 83% | Jun 2026 — ## Operating Economics & Margin Trend What the numbers say: ABS Marine Services Ltd leads both opm at 51% and margin change at +18 percentage points. Investor read: ABS Marine Services 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. Evidence: ABS Marine Services Ltd · 51% | 70% versus #2 · Shreeji Shipping Global Ltd | 2/2 recent comparable periods | 2/2 companies · 13 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. ABS Marine Services Ltd (ABSMARINE): 51% 2. Shreeji Shipping Global Ltd (SHREEJISPG): 30% ### Margin change — fastest expanders 1. ABS Marine Services Ltd (ABSMARINE): +18.0 pp 2. Shreeji Shipping Global Ltd (SHREEJISPG): −7.0 pp ### 14-quarter OPM history - SHREEJISPG: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 29% | Sep 2024 34% | Dec 2024 18% | Mar 2025 48% | Jun 2025 37% | Sep 2025 33% | Dec 2025 28% | Mar 2026 23% | Jun 2026 30% - ABSMARINE: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 21% | Dec 2024 — | Mar 2025 33% | Jun 2025 — | Sep 2025 40% | Dec 2025 — | Mar 2026 51% | Jun 2026 — ### 14-quarter Margin change history - SHREEJISPG: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 +8.0 pp | Sep 2025 −1.0 pp | Dec 2025 +10.0 pp | Mar 2026 −25.0 pp | Jun 2026 −7.0 pp - ABSMARINE: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 +19.0 pp | Dec 2025 — | Mar 2026 +18.0 pp | Jun 2026 — ## Profit Scale & Acceleration What the numbers say: Shreeji Shipping Global Ltd leads with ₹159 crore of TTM profit, Shreeji Shipping Global Ltd shows 1.9% growth from a ₹159 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Shreeji Shipping Global 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. Evidence: Shreeji Shipping Global Ltd · ₹159 crore | Not enough peers | 3/5 recent comparable periods | 1/2 companies · 13 observations Definition: 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 — largest 1. Shreeji Shipping Global Ltd (SHREEJISPG): ₹159 Cr ### Profit growth — fastest growers 1. Shreeji Shipping Global Ltd (SHREEJISPG): 1.9% ### 14-quarter Net profit history - SHREEJISPG: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 ₹25 Cr | Sep 2024 ₹56 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹49 Cr | Jun 2025 ₹37 Cr | Sep 2025 ₹43 Cr | Dec 2025 ₹32 Cr | Mar 2026 ₹40 Cr | Jun 2026 ₹44 Cr - ABSMARINE: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹8 Cr | Dec 2024 — | Mar 2025 ₹19 Cr | Jun 2025 — | Sep 2025 ₹31 Cr | Dec 2025 — | Mar 2026 ₹49 Cr | Jun 2026 — ### 14-quarter Profit growth history - SHREEJISPG: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 48% | Sep 2025 -23% | Dec 2025 129% | Mar 2026 -18% | Jun 2026 19% - ABSMARINE: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 288% | Dec 2025 — | Mar 2026 158% | Jun 2026 — ## Return On Capital Employed What the numbers say: Shreeji Shipping Global Ltd leads ROCE at 26.4%, 5.4 percentage points above ABS Marine Services Ltd. ABS Marine Services Ltd has the strongest latest improvement at +7 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: Shreeji Shipping Global 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. Evidence: Shreeji Shipping Global Ltd · 26.4% | 25.7% versus #2 · ABS Marine Services Ltd | 1/2 recent comparable periods | 2/2 companies · 6 observations Definition: 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. ### ROCE — highest 1. Shreeji Shipping Global Ltd (SHREEJISPG): 26% 2. ABS Marine Services Ltd (ABSMARINE): 21% ### ROCE change — fastest improvers 1. ABS Marine Services Ltd (ABSMARINE): +7.0 pp 2. Shreeji Shipping Global Ltd (SHREEJISPG): −38.7 pp ### 14-quarter ROCE history - SHREEJISPG: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 14% | Dec 2024 — | Mar 2025 63% | Jun 2025 83% | Sep 2025 27% | Dec 2025 37% | Mar 2026 25% | Jun 2026 — ### 14-quarter ROCE change history - SHREEJISPG: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 +12.5 pp | Dec 2025 — | Mar 2026 −38.7 pp | Jun 2026 — ## Valuation Against Growth & Quality What the numbers say: There is not enough comparable evidence to name a reliable peg leader. 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. Evidence: No comparable leader | Not enough peers | Not enough history | 0/2 companies · 0 observations Definition: 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. ### PEG — lowest PEG ### P/E — lowest P/E 1. ABS Marine Services Ltd (ABSMARINE): 7.2 2. Shreeji Shipping Global Ltd (SHREEJISPG): 66.6 ### 14-quarter PEG history ### 14-quarter P/E history - SHREEJISPG: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 27.9 | Dec 2025 42.8 | Mar 2026 30.8 | Jun 2026 52.4 - ABSMARINE: Mar 2020 — | Mar 2021 — | Mar 2022 — | Mar 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 16.8 | Dec 2025 — | Mar 2026 7.5 | Jun 2026 — ## What can make this comparison misleading? - 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. - Thin comparisons: Revenue, Net profit, Valuation have fewer than three usable current readings. ## Every company - Shreeji Shipping Global Ltd (SHREEJISPG) — market value ₹10.6K Cr; latest fundamentals Jun 2026 - ABS Marine Services Ltd (ABSMARINE) — market value ₹576 Cr; latest fundamentals Mar 2026 ## Source standing of each company Cross-checked: 1. Unverified: 1. Withheld: 0. Graded companies: 2. Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld. ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-14. Up to 14 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Shipping/Dredging sector outperforming NIFTY 500? Shipping/Dredging has outperformed NIFTY 500 by 79.6% over 52 weeks and 19% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. ### Which Shipping/Dredging company is largest by revenue? Shreeji Shipping Global Ltd leads with revenue of ₹757 crore, based on 1 of 2 comparable companies through Jun 2026. ### Which Shipping/Dredging company is growing fastest? Shreeji Shipping Global Ltd has the fastest current revenue growth at 23.1%, across 1 of 2 comparable companies. ### Which Shipping/Dredging company has the strongest 4-Factor Sector Score? ABS Marine Services Ltd ranks first at 57.7/100 with 52.8% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Shipping/Dredging comparison include? The page compares up to 14 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/Dredging 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/Dredging, this page builds its own equal-weight basket of 2 listed Shipping/Dredging 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/Dredging stocks in India? Ranked by this page's four-factor score, ABS Marine Services Ltd places first among 2 listed Shipping/Dredging companies, followed by Shreeji Shipping Global 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/Dredging stocks are listed in India? This comparison covers 2 listed Shipping/Dredging 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/Dredging company is the biggest? Shreeji Shipping Global Ltd is the largest, with trailing-twelve-month revenue of ₹757 crore. That covers 1 of 2 companies with comparable reporting through Jun 2026. ### Which Shipping/Dredging company has the best profit margins? ABS Marine Services Ltd has the highest operating margin at 51%, from 2 of 2 comparable companies. ABS Marine Services Ltd shows the biggest recent improvement, at +18 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Shipping/Dredging company makes the most profit? Shreeji Shipping Global Ltd earns the most, at ₹159 crore of trailing-twelve-month net profit, from 1 of 2 comparable companies. Shreeji Shipping Global Ltd has the fastest profit growth at 1.9%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Shipping/Dredging company earns the highest return on capital? Shreeji Shipping Global Ltd leads on return on capital employed at 26.4%, across 2 of 2 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. ### Is the Shipping/Dredging sector beating the market? Shipping/Dredging has outperformed NIFTY 500 by 79.6% over the last 52 weeks and 19% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Shipping/Dredging stock has the strongest price momentum? ABS Marine Services 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/Dredging company scores highest for research priority? ABS Marine Services Ltd scores 57.7 out of 100 with 52.8% evidence confidence, from 22 points on growth and earnings, 20.7 on capital efficiency, 10 on valuation and 5 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/Dredging companies does this comparison cover, and over what period? It compares 2 listed companies over up to 14 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/Dredging sector? The 2 Shipping/Dredging companies on this page carry ₹11,221 crore of combined market value. Shreeji Shipping Global Ltd is the largest at ₹10,645 crore, about 95% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20. ### How is the Shipping/Dredging sector performing? 1 of the 1 covered Shipping/Dredging companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 79.6% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20. ### 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.