Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Shipping - Proxy Stocks in India

Shipping - Proxy: Marine Electricals (India) Ltd owns the largest revenue base; CFF Fluid Control Ltd has the fastest current growth.

01 · the index people search for

Nifty Shipping - Proxy Index — Constituents & Performance

The Shipping - Proxy companies below are the listed Indian Shipping - Proxy universe this page tracks — the same constituent set people search for as the Nifty Shipping - Proxy 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 - Proxy 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 38% ahead of NIFTY 500. Earnings across its companies grew 38% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 24 weeks running.

LEADER · ahead 24wPrice and the fundamentals both up2 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑24w · 2/3 >200d (+0) · 2/3 lead (+0) · EPS 2/3↑

2005001000200020262025202420232022 2359333 TRAILING 12-MONTH EPS · 100 AT THE START0100241Mar 23Sep 23Mar 24Sep 24Sep 25Mar 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2023 · trailing 12-month earnings per share at 112, against 100 at the start · up 58.1% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 141, against 100 at the start · up 41.1% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 199, against 100 at the start · up 77.2% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 241, against 100 at the start · up 26.0% on a year ago · 3 reportingJun 2022 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 2 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingJun 2024 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingDec 2024 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingMar 2025 · too few reporting — 2 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingJun 2025 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingDec 2025 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingMar 2026 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or twoNOT REPORTED YET241 · Sep 25No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
2005001000200020262025202420232022 2359333 TRAILING 12-MONTH EPS · 100 AT THE START0100241Mar 23Sep 25Mar 2023 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2023 · trailing 12-month earnings per share at 112, against 100 at the start · up 58.1% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 141, against 100 at the start · up 41.1% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 199, against 100 at the start · up 77.2% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 241, against 100 at the start · up 26.0% on a year ago · 3 reportingJun 2022 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 2 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingJun 2024 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingDec 2024 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingMar 2025 · too few reporting — 2 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingJun 2025 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingDec 2025 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingMar 2026 · too few reporting — 1 of the Shipping - Proxy filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two241No earnings on file this far back — the price series reaches further than the filings do
Shipping - Proxy, 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 3 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 - Proxy outperforming NIFTY 500?

Shipping - Proxy has outperformed NIFTY 500 by 51.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 13.8%. 3 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. CFF Fluid Control Ltd is the strongest against the sector itself at +7%.

+13.8%Sector vs NIFTY 500 · 13 weeks
+51.3%Sector vs NIFTY 500 · 52 weeks
3/3Stocks leading NIFTY 500
1/3Stocks leading sector

Sector metric: 18.3 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Shipping - Proxy has outperformed NIFTY 500 by 51.3% over 52 weeks and 13.8% over 13 weeks. 3 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself. Marine Electricals (India) Ltd leads with revenue of ₹876 crore, based on 3 of 3 comparable companies through Mar 2026.

Companies
3
complete canonical membership
Combined market value
₹7.5K Cr
Marine Electricals (India) Ltd
Revenue growing
2/3
positive TTM year-on-year growth
Beating NIFTY 500
3/3
positive Mansfield relative strength
Comparing 3 of 3
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%
CFF Fluid Control Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 62.6% 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
1CFF Fluid Control Ltd543920 72.8/100Favorable setup63% evidence LEADER 23.3/35 Revenue 100% · PAT 100% · OPM change 1 pp 48% evidence 22.0/25 ROCE 23.5% · OPM 28% 76% evidence 11.0/20 P/E 50.8× · PEG — 35% evidence 16.5/20 RS sector 7% · RS bench 40.6% · 1Y 50.5%12 of 12 weeks ahead 100% evidence
Exact sum: 23.3 + 22 + 11 + 16.5 = 72.8 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Marine Electricals (India) LtdMARINE 66.3/100Favorable setup97% evidence LEADER 29.4/35 Revenue 14.2% · PAT 53.9% · OPM change 2 pp 100% evidence 15.3/25 ROCE 18.2% · OPM 11% 100% evidence 11.9/20 P/E 62.8× · PEG 1.09 85% evidence 9.7/20 RS sector -7.6% · RS bench 22.1% · 1Y 40.2%12 of 12 weeks ahead 100% evidence
Exact sum: 29.4 + 15.3 + 11.9 + 9.7 = 66.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Krishna Defence & Allied Industries LtdKRISHNADEF 63.6/100Mixed-positive evidence76% evidence BREAKING OUT 24.0/35 Revenue -11.5% · PAT 56% · OPM change 2 pp 71% evidence 21.5/25 ROCE 30.7% · OPM 25% 95% evidence 12.5/20 P/E 43.4× · PEG — 35% evidence 5.6/20 RS sector -6.6% · RS bench 22.5% · 1Y 46.4%9 of 12 weeks ahead 100% evidence
Exact sum: 24 + 21.5 + 12.5 + 5.6 = 63.6 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -6.6% and the one-year return is 46.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
05 · what price has already done

Market action

CFF Fluid Control Ltd has the strongest one-year price move in Shipping - Proxy at +50.5%. It also leads on Mansfield relative strength against NIFTY at +40.6%. 3 of 3 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

Marine Electricals (India) Ltd has the highest Revenue among the 3 Shipping - Proxy companies compared here, at ₹876 crore. CFF Fluid Control Ltd is next at ₹355 crore. CFF Fluid Control Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Marine Electricals (India) Ltd is the scale leader at ₹876 crore, 146.8% ahead of CFF Fluid Control Ltd. CFF Fluid Control Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 100.6% from a ₹355 crore base, with 8 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderMarine Electricals (India) Ltd · ₹876 crore
Gap146.8% versus #2 · CFF Fluid Control Ltd
Persistence8/8 recent comparable periods
Coverage3/3 companies · 38 observations

Investor read: Marine Electricals (India) Ltd is the scale benchmark; CFF Fluid Control Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Marine Electricals (India) Ltd's growth falls below CFF Fluid Control Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
2CFF Fluid Control Ltd 543920₹355 Cr
3Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified₹223 Cr
Revenue growthfastest growers
3Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified-12%
Revenue · company comparison
3/3 level · 3/3 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
Marine Electricals (India) Ltd MARINE₹277 Cr10%Mar 2026
CFF Fluid Control Ltd 543920₹105 Cr59%Mar 2026
Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified₹65 Cr41%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

CFF Fluid Control Ltd · 543920

₹39 Cr
₹32 Cr
₹59 Cr
₹47 Cr
₹80 Cr
₹66 Cr
₹104 Cr
₹105 Cr

Krishna Defence & Allied Industries Ltd · KRISHNADEF⚠ unverified

₹29 Cr
₹20 Cr
₹44 Cr
₹35 Cr
₹71 Cr
₹94 Cr
₹52 Cr
₹46 Cr
₹48 Cr
₹64 Cr
₹65 Cr

Marine Electricals (India) Ltd · MARINE

₹109 Cr
₹111 Cr
₹90 Cr
₹83 Cr
₹80 Cr
₹127 Cr
₹143 Cr
₹101 Cr
₹137 Cr
₹147 Cr
₹237 Cr
₹138 Cr
₹184 Cr
₹194 Cr
₹251 Cr
₹167 Cr
₹222 Cr
₹210 Cr
₹277 Cr

Revenue growth · reported quarter history

CFF Fluid Control Ltd · 543920

51%
47%
36%
40%
30%
59%

Krishna Defence & Allied Industries Ltd · KRISHNADEF⚠ unverified

52%
75%
61%
169%
-35%
-49%
23%
41%

Marine Electricals (India) Ltd · MARINE

28%
-27%
14%
59%
22%
71%
16%
66%
37%
34%
32%
5.9%
21%
21%
8.3%
10%
07 · compare level, then change

Operating Economics & Margin Trend

CFF Fluid Control Ltd has the highest OPM among the 3 Shipping - Proxy companies compared here, at 28%. Krishna Defence & Allied Industries Ltd is next at 25%. Krishna Defence & Allied Industries Ltd has the highest Margin change at +2 percentage points, so level and change sit with different companies.

What the numbers say: CFF Fluid Control Ltd leads opm at 28%; Krishna Defence & Allied Industries Ltd leads margin change at +2 percentage points.

LeaderCFF Fluid Control Ltd · 28%
Gap12% versus #2 · Krishna Defence & Allied Industries Ltd
Persistence3/6 recent comparable periods
Coverage3/3 companies · 38 observations

Investor read: CFF Fluid Control Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
2Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified25%
Margin changefastest expanders
1Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified+2.0 pp
3CFF Fluid Control Ltd 543920+1.0 pp
Operating margin · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
CFF Fluid Control Ltd 54392028%+1.0 ppMar 2026
Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified25%+2.0 ppMar 2026
Marine Electricals (India) Ltd MARINE11%+2.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

CFF Fluid Control Ltd · 543920

26%
26%
30%
28%
29%
27%
28%
28%

Krishna Defence & Allied Industries Ltd · KRISHNADEF⚠ unverified

12%
16%
13%
13%
15%
15%
11%
23%
19%
22%
25%

Marine Electricals (India) Ltd · MARINE

7.1%
8.3%
11%
7.1%
8.0%
11%
8.0%
10%
7.0%
8.0%
9.0%
10%
12%
6.0%
9.0%
10%
12%
10%
11%

Margin change · reported quarter history

CFF Fluid Control Ltd · 543920

+4.0 pp
+2.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
+1.0 pp

Krishna Defence & Allied Industries Ltd · KRISHNADEF⚠ unverified

+1.0 pp
−3.0 pp
+2.0 pp
+2.0 pp
+8.0 pp
+4.0 pp
+11.0 pp
+2.0 pp

Marine Electricals (India) Ltd · MARINE

−14.7 pp
+2.2 pp
−2.6 pp
+1.0 pp
+0.9 pp
+2.7 pp
−3.2 pp
+2.9 pp
−1.0 pp
−3.0 pp
+1.0 pp
0.0 pp
+5.0 pp
−2.0 pp
0.0 pp
0.0 pp
0.0 pp
+4.0 pp
+2.0 pp
08 · compare level, then change

Profit Scale & Acceleration

CFF Fluid Control Ltd has the highest Net profit among the 3 Shipping - Proxy companies compared here, at ₹63 crore. Marine Electricals (India) Ltd is next at ₹60 crore. The same company also holds the highest Profit growth, at the 100% top of the scoring scale. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: CFF Fluid Control Ltd leads with ₹63 crore of TTM profit, 5% above Marine Electricals (India) Ltd. CFF Fluid Control Ltd shows ≥100% on the scoring scale (133.3% uncapped) growth from a ₹63 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCFF Fluid Control Ltd · ₹63 crore
Gap5% versus #2 · Marine Electricals (India) Ltd
Persistence6/6 recent comparable periods
Coverage3/3 companies · 38 observations

Investor read: CFF Fluid Control 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
1CFF Fluid Control Ltd 543920₹63 Cr
3Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified₹39 Cr
Profit growthfastest growers
2Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified56%
Net profit · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
CFF Fluid Control Ltd 543920₹20 Cr100%Mar 2026
Marine Electricals (India) Ltd MARINE₹19 Cr36%Mar 2026
Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified₹13 Cr86%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

CFF Fluid Control Ltd · 543920

₹6 Cr
₹4 Cr
₹10 Cr
₹7 Cr
₹14 Cr
₹10 Cr
₹19 Cr
₹20 Cr

Krishna Defence & Allied Industries Ltd · KRISHNADEF⚠ unverified

₹1 Cr
₹2 Cr
₹4 Cr
₹3 Cr
₹7 Cr
₹11 Cr
₹4 Cr
₹7 Cr
₹9 Cr
₹10 Cr
₹13 Cr

Marine Electricals (India) Ltd · MARINE

₹4 Cr
₹4 Cr
₹5 Cr
₹3 Cr
₹3 Cr
₹7 Cr
₹4 Cr
₹4 Cr
₹5 Cr
₹5 Cr
₹12 Cr
₹7 Cr
₹13 Cr
₹5 Cr
₹14 Cr
₹12 Cr
₹17 Cr
₹12 Cr
₹19 Cr

Profit growth · reported quarter history

CFF Fluid Control Ltd · 543920

67%
75%
40%
43%
36%
100%

Krishna Defence & Allied Industries Ltd · KRISHNADEF⚠ unverified

300%
50%
75%
267%
0.0%
-18%
150%
86%

Marine Electricals (India) Ltd · MARINE

-25%
75%
-20%
33%
67%
-29%
200%
75%
160%
0.0%
17%
71%
31%
140%
36%
09 · compare level, then change

Return On Capital Employed

Krishna Defence & Allied Industries Ltd has the highest ROCE among the 3 Shipping - Proxy companies compared here, at 30.7%. CFF Fluid Control Ltd is next at 23.5%. The same company also holds the highest ROCE change, at +8.8 percentage points. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Krishna Defence & Allied Industries Ltd leads ROCE at 30.7%, 7.2 percentage points above CFF Fluid Control Ltd. Krishna Defence & Allied Industries Ltd has the strongest latest improvement at +8.8 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.

LeaderKrishna Defence & Allied Industries Ltd · 30.7%
Gap30.6% versus #2 · CFF Fluid Control Ltd
Persistence5/8 recent comparable periods
Coverage3/3 companies · 33 observations

Investor read: Krishna Defence & Allied Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified31%
ROCE changefastest improvers
1Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified+8.8 pp
3CFF Fluid Control Ltd 543920+2.0 pp
Return on capital · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified25%+8.8 ppMar 2026
Marine Electricals (India) Ltd MARINE15%+2.3 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Krishna Defence & Allied Industries Ltd · KRISHNADEF⚠ unverified

7.2%
12%
16%
12%
12%
13%
15%
14%
15%
10%
12%
15%
19%
16%
19%
25%
25%

Marine Electricals (India) Ltd · MARINE

12%
12%
11%
13%
18%
14%
17%
15%
20%
13%
19%
13%
20%
14%
19%
15%

ROCE change · reported quarter history

Krishna Defence & Allied Industries Ltd · KRISHNADEF⚠ unverified

+5.2 pp
+1.2 pp
−0.7 pp
+1.7 pp
+3.0 pp
−2.6 pp
−1.8 pp
−0.5 pp
+8.6 pp
+4.0 pp
+3.7 pp
+5.9 pp
+8.8 pp

Marine Electricals (India) Ltd · MARINE

−0.7 pp
+0.7 pp
+3.2 pp
+2.2 pp
+6.0 pp
−3.2 pp
+4.2 pp
−0.9 pp
+0.4 pp
−0.3 pp
+2.3 pp
10 · compare level, then change

Valuation Against Growth & Quality

Marine Electricals (India) Ltd has the lowest PEG among the 3 Shipping - Proxy companies compared here, at 1.09×. Krishna Defence & Allied Industries Ltd has the lowest P/E at 43.4×, so level and change sit with different companies. 1 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Marine Electricals (India) Ltd has the lowest comparable PEG at 1.09×. Only 1 of 3 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.

LeaderMarine Electricals (India) Ltd · 1.09×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/3 companies · 11 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
P/Elowest P/E
1Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified43.4
Valuation · company comparison
1/3 level · 3/3 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Marine Electricals (India) Ltd MARINE1.141.8Mar 2026
CFF Fluid Control Ltd 54392038.0Mar 2026
Krishna Defence & Allied Industries Ltd KRISHNADEF⚠ unverified40.7Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Marine Electricals (India) Ltd · MARINE

0.5
0.6
1.7
1.1
2.2
1.8
1.8
1.8
2.4
3.1
1.1

P/E · reported quarter history

CFF Fluid Control Ltd · 543920

57.5
52.3
74.0
39.8
50.0
38.0

Krishna Defence & Allied Industries Ltd · KRISHNADEF⚠ unverified

17.9
33.5
43.8
29.2
38.9
61.0
70.8
66.1
43.0
153.0
102.4
59.1
52.6
56.7
51.1
38.8
40.7

Marine Electricals (India) Ltd · MARINE

22.2
33.2
26.3
24.8
26.9
27.8
25.2
35.5
40.0
64.7
66.3
78.5
99.0
96.2
56.3
75.6
68.3
64.0
41.8
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Shipping - Proxy comparison names 6 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 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 draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 Shipping - Proxy 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 standing1 cross-checked · 2 unverified · 0 withheld, of 3 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 - Proxy company comparison FAQs

These 23 answers restate the Shipping - Proxy comparison above in question form. Every one is computed from the same 3 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 - Proxy sector outperforming NIFTY 500?

Shipping - Proxy has outperformed NIFTY 500 by 51.3% over 52 weeks and 13.8% over 13 weeks. 3 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself.

Which Shipping - Proxy company is largest by revenue?

Marine Electricals (India) Ltd leads with revenue of ₹876 crore, based on 3 of 3 comparable companies through Mar 2026.

Which Shipping - Proxy company is growing fastest?

CFF Fluid Control Ltd has the fastest current revenue growth at 100%, across 3 of 3 comparable companies.

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

CFF Fluid Control Ltd ranks first at 72.8/100 with 62.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Shipping - Proxy company has the lowest comparable PEG?

Marine Electricals (India) Ltd has the lowest comparable PEG at 1.09, among 1 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Shipping - Proxy 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 - Proxy index?

The Nifty Shipping - Proxy index tracks India's listed Shipping - Proxy companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Shipping - Proxy sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Shipping - Proxy stocks in India?

Ranked by this page's four-factor score, CFF Fluid Control Ltd places first among 3 listed Shipping - Proxy companies, followed by Marine Electricals (India) 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 - Proxy stocks are listed in India?

This comparison covers 3 listed Shipping - Proxy 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 - Proxy company is the biggest?

Marine Electricals (India) Ltd is the largest, with trailing-twelve-month revenue of ₹876 crore, ahead of CFF Fluid Control Ltd at ₹355 crore. That covers 3 of 3 companies with comparable reporting through Mar 2026.

Which Shipping - Proxy company has the best profit margins?

CFF Fluid Control Ltd has the highest operating margin at 28%, from 3 of 3 comparable companies. Krishna Defence & Allied Industries Ltd shows the biggest recent improvement, at +2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Shipping - Proxy company makes the most profit?

CFF Fluid Control Ltd earns the most, at ₹63 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. CFF Fluid Control 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 - Proxy company earns the highest return on capital?

Krishna Defence & Allied Industries Ltd leads on return on capital employed at 30.7%, across 3 of 3 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 - Proxy stock is the cheapest?

On PEG — where a LOWER number is cheaper — Marine Electricals (India) Ltd screens cheapest at 1.09×. Only 1 of 3 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 - Proxy sector beating the market?

Shipping - Proxy has outperformed NIFTY 500 by 51.3% over the last 52 weeks and 13.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Shipping - Proxy stock has the strongest price momentum?

CFF Fluid Control 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 - Proxy company scores highest for research priority?

CFF Fluid Control Ltd scores 72.8 out of 100 with 62.6% evidence confidence, from 23.3 points on growth and earnings, 22 on capital efficiency, 11 on valuation and 16.5 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 - Proxy companies does this comparison cover, and over what period?

It compares 3 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 - Proxy sector?

The 3 Shipping - Proxy companies on this page carry ₹7,507 crore of combined market value. Marine Electricals (India) Ltd is the largest at ₹3,723 crore, about 50% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the Shipping - Proxy sector performing?

3 of the 3 covered Shipping - Proxy companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 51.3% 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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