List of the Best Ship Building Stocks in India
The Indian ship building industry is valued at $1.12 bn in 2024, up from $90 mn in 2022. This growth shows the increasing market demand and the sector’s potential. As the market expands, shipbuilding stocks are gaining attention from investors looking to capitalise on this growth.
Best Ship Building Stocks
Saturday, 2 August, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ABSM | ABS Marine Services Ltd | ABSMARINE | /stocks/abs-marine-services-ABSM | Shipbuilding | 201.20 | 344.50 | 92.10 | 493.95 | 18.21 | 38.10 | 3.89 | 0.00 | 20.65 | -36.63 | -27.96 | -27.96 | Smallcap | Transportation | Machinery | Marine Ports & Services | -0.59 |
| COCH | Cochin Shipyard Ltd | COCHINSHIP | /stocks/cochin-shipyard-COCH | Shipbuilding | 1,718.70 | 2,689.80 | 1,180.20 | 45,215.69 | 54.65 | 38.10 | 9.04 | 0.57 | 16.61 | -33.39 | 927.01 | 964.05 | Midcap | Capital Goods | Machinery | Construction Machinery & Heavy Transportation Equipment | -2.94 |
| DAT | Datiware Maritime Infra Ltd | DATIWARE | /stocks/datiware-maritime-infra-DAT | Shipbuilding | 17.78 | 17.78 | 9.95 | 8.89 | -19.76 | 38.10 | -4.68 | 0.00 | 0.00 | 87.55 | -10.20 | -6.42 | Smallcap | Food, Beverage & Tobacco | Machinery | Packaged Foods & Meats | 0.00 |
| GARWA | Garware Marine Industries Ltd | GARWAMAR | /stocks/garware-marine-industries-GARWA | Shipbuilding | 25.81 | 57.01 | 20.33 | 14.88 | 34.61 | 38.10 | 1.35 | 0.00 | -0.63 | -16.66 | 186.46 | 975.42 | Smallcap | Capital Goods | Machinery | Construction Machinery & Heavy Transportation Equipment | 1.98 |
| GRSE | Garden Reach Shipbuilders & Engineers Ltd | GRSE | /stocks/garden-reach-shipbuilders-and-engineers-GRSE | Shipbuilding | 2,580.70 | 3,538.40 | 1,184.90 | 29,562.43 | 56.05 | 38.10 | 17.67 | 0.54 | 23.14 | 9.80 | 888.21 | 1,211.00 | Smallcap | Capital Goods | Machinery | Aerospace & Defense | -1.19 |
| JITF | JITF Infralogistics Ltd | JITFINFRA | /stocks/jitf-infralogistics-JITF | Shipbuilding | 338.85 | 1,215.00 | 327.95 | 870.97 | 16.62 | 38.10 | 29.05 | 0.00 | 0.00 | -62.55 | 96.15 | 6,060.91 | Smallcap | Transportation | Machinery | Marine Ports & Services | -3.43 |
| MAZ | Mazagon Dock Shipbuilders Ltd | MAZDOCK | /stocks/mazagon-dock-shipbuilders-MAZ | Shipbuilding | 2,721.80 | 3,775.00 | 1,918.05 | 109,791.97 | 45.49 | 38.10 | 17.59 | 0.95 | 35.21 | 6.58 | 1,829.33 | 3,065.80 | Largecap | Capital Goods | Machinery | Aerospace & Defense | -1.78 |
| RELV | Swan Defence and Heavy Industries Ltd | SWANDEF | /stocks/swan-defence-and-heavy-industries-ltd-RELV | Shipbuilding | 321.56 | 321.56 | 37.80 | 1,694.05 | -9.33 | 38.10 | 3.55 | 0.00 | -23.56 | 750.69 | 11,593.09 | 11,593.09 | Smallcap | Capital Goods | Machinery | Construction Machinery & Heavy Transportation Equipment | 5.00 |
| VMS | VMS Industries Ltd | VMS | /stocks/vms-industries-VMS | Shipbuilding | 34.74 | 69.90 | 22.07 | 85.02 | 12.50 | 38.10 | 1.33 | 0.00 | 10.39 | -47.64 | 175.96 | 503.34 | Smallcap | Transportation | Machinery | Marine Ports & Services | -0.44 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this list of Ship Building Stocks is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
What Are Ship Building Stocks?
Shipbuilding stocks are shares of listed shipbuilding companies in India that design, build, and repair ships. These companies produce commercial, military, and specialised vessels. With the Indian government supporting the industry through policies like the Shipbuilding Financial Assistance Policy (SBFAP), the sector is poised for growth. As demand for ships increases, these stocks may benefit from government support and market expansion.
How to Invest in Ship Building Stocks in India?
Here are the steps involved when investing in Ship Building stocks:
- Open a brokerage account with a stockbroker. You can also open a demat account with smallcase!
- Search for the best Ship Building Stocks in India. You can utilise the Tickertape Stocks Screener and use their 200+ filters to sort through the top Ship Building Stocks.
- Place a ‘Buy’ order on the stocks in the list of shipbuilding companies of your choice
Overview of the Best Ship Building Stocks
- Mazagon Dock Shipbuilders Ltd: Mazagon Dock Shipbuilders is a key player in India’s ship building industry. It specialises in building warships, submarines, and commercial vessels. The company plays a crucial role in India’s maritime defence and contributes to offshore platform development.
- Cochin Shipyard Ltd: Cochin Shipyard is India’s largest ship building and maintenance facility. It builds large vessels, passenger ships, and defence ships. The company also provides ship repairs and supports offshore and deep-sea projects.
- Garden Reach Shipbuilders & Engineers Ltd: Garden Reach Shipbuilders & Engineers is one of the listed ship building companies in India. It primarily manufactures warships for the Indian Navy and Coast Guard. The company also produces commercial vessels and marine machinery.
- Knowledge Marine & Engineering Works Ltd (KMEW): KMEW is an Indian company specialising in dredging, marine craft operations, and shipbuilding. KMEW offers services such as capital and maintenance dredging, port ancillary crafts, and marine infrastructure repairs.
- Swan Defence and Heavy Industries Ltd: Swan Defence and Heavy Industries specialises in naval ship building and the manufacture of defence equipment. It plays a role in strengthening India’s defence and maritime infrastructure by building various types of ships and submarines.
Budget Updates 2025-26 Ship Building Sector
The Union Budget 2025-26 proposed a ₹25,000 cr. Maritime Development Fund to support the ship building sector. The fund will be partly government-funded, with the rest coming from ports and the private sector. The government will revamp the ship building Financial Assistance Policy to reduce cost disadvantages and include credit notes for shipbreaking.
It will also create ‘Ship building Clusters’ to expand ship building capacity and improve technology. The budget continues the exemption of Basic Customs Duty on raw materials and components for Ship building for the next ten years to make the industry more competitive.
Features of Ship Building Stocks
- Strong Order Books: Listed ship building companies in India often maintain large order books. These orders come from both the government and private sectors for various vessels, ensuring a steady demand for their products.
- Focus on High-Quality Vessels: Ship building companies prioritise producing high-quality vessels. They meet safety, durability, and performance standards for both commercial and defence use.
- Resilience During Economic Problems: The ship building industry remains resilient during economic downturns. Even if demand drops in some areas, defence contracts often ensure ongoing work for ship building companies.
- Collaboration with the Government: Many listed ship building companies in India work closely with the government. They benefit from policies like the ship building Financial Assistance Policy (SBFAP), which includes defence contracts and large infrastructure projects.
- Capital-Intensive Operations: Ship building involves huge investment in infrastructure, technology, and skilled labour. Ship building companies depend on government support, such as the Maritime Development Fund, to maintain competitiveness.
Benefits of Investing in Ship Building Stocks
- Government Support: The Indian government is investing in the ship building sector through policies like the ship building Financial Assistance Policy (SBFAP) and the Maritime Development Fund. These provide financial backing to strengthen the industry.
- Growing Domestic Demand: India’s goal to increase its domestic fleet will drive demand for locally built ships. This offers the listed ship building companies in India an opportunity to grow their market share.
- Export Opportunities: India’s push to capture a larger share of the global ship building market can open new export opportunities. As global demand increases, ship building companies’ stock would benefit from international business.
- Sustainability Focus: With initiatives like the Green Tug Transition Programme, India is positioning itself as a leader in green ship building. This focus on sustainability aligns with global demand for eco-friendly vessels.
- Strategic Importance: The ship building industry is crucial to national defense. India’s emphasis on building its naval fleet ensures consistent demand for defense-related ships, providing stability for ship building stocks.
Factors to Consider Before Investing in Ship Building Stocks
- Company Fundamentals: You need to assess the financial health of shipbuilding companies by looking at factors such as debt, cash flow, and profitability. A solid balance sheet helps companies manage large projects and market shifts.
- Government Policy: Government support, like the Shipbuilding Financial Assistance Policy (SBFAP), can influence the sector. Changes in policy or funding may affect growth, so it’s important to stay informed about these developments.
- Industry Trends: Programs like the Green Tug Transition Programme show how companies are adapting to stricter standards, which may offer long-term advantages.
- Project Timelines: Shipbuilding projects take time. Delays in construction or delivery can affect revenue and stock prices. It’s important to consider a company’s ability to meet deadlines and manage long-term projects.
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To Wrap It Up…
India’s ship building sector is growing, supported by government initiatives like MIV 2030 and the Green Tug Transition Programme. The industry offers potential, but it is important to consider a company’s financial health, market demand, and government policies before investing in building the company’s stock. Staying informed about these factors will help you make confident decisions in this developing sector.
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Frequently Asked Questions on Ship Building Stocks
1. What are ship building stocks?
Ship building stocks are shares of companies involved in the construction, repair, and maintenance of ships. These companies often focus on building commercial, defence, and specialised vessels.
2. Who is the leading shipbuilding company?
Based on the market capitalisation, some of the leading companies in shipbuilding are:
- Mazagon Dock Shipbuilders Ltd
- Cochin Shipyard Ltd
- Garden Reach Shipbuilders & Engineers Ltd.
3. How has the Indian government supported the ship building industry?
The Indian government supports the ship building industry through policies like the ship building Financial Assistance Policy (SBFAP) and the Maritime Development Fund, along with initiatives to create a self-reliant maritime sector.
4. What factors influence ship building and shipyard share prices?
Factors such as government policies, market demand, global shipping trends, and company performance influence ship building share prices. Economic conditions and policy changes can have a significant impact on the sector.
5. What are the risks associated with investing in ship building stocks?
Ship building stocks carry risks such as market volatility, high capital requirements, long development cycles, and regulatory changes. Investors should carefully evaluate each company’s financial health and track record.
6. How to evaluate ship building sector stocks?
To evaluate ship building stocks, you can consider factors like company fundamentals, government support, market demand, and project timelines. Review financial health, debt levels, and industry trends before making an investment.
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