The shipping industry is crucial for global trade and transportation, attracting investors due to its consistent demand and growth prospects. Companies in this sector gain from rising global trade, new technologies, and strong market demand. As the world becomes more interconnected, the need for efficient shipping solutions continues to grow, keeping the industry strong. Investing in shipping stocks helps diversify a portfolio. In this article, let’s look at some of the best shipping stocks in India for September 2024 based on the 5-year CAGR.
| Name | Market Cap | 1Y Return | 5Y CAGR | PE Ratio |
| JITF Infralogistics Ltd | 2,370.78 | 106.15 | 159.37 | 66.91 |
| Garden Reach Shipbuilders & Engineers Ltd | 21,256.27 | 126.16 | 62.79 | 59.5 |
| Cochin Shipyard Ltd | 48,566.03 | 262.06 | 59.06 | 62 |
| Reliance Industrial Infrastructure Ltd | 1,755.45 | 45.77 | 37.52 | 131.89 |
| Great Eastern Shipping Company Ltd | 17,470.42 | 50.60 | 35.61 | 6.68 |
Note: The best shipping stocks list provided here is sorted as per the 5-year CAGR as of September 24, 2024.
JITF Infra Logistics Ltd, along with its subsidiaries, focuses on building urban and water infrastructure. The company also manages municipal solid waste and generates energy from it. Additionally, it manufactures railway freight wagons.
For the quarter ended June 2024, the company’s revenue increased to ₹0.84 crore from ₹0.76 crore in the preceding quarter. Meanwhile, the net profit increased to ₹0.05 crore from ₹0.03 crore in the previous quarter.
Key metrics:
Garden Reach Shipbuilders & Engineers Ltd (GRSE) is a leading shipbuilding company in India, operating under the Ministry of Defence. It mainly builds ships for the Indian Navy and Coast Guard. GRSE is a profitable and diversified company known for being the first shipyard in India to export warships and has delivered 100 warships to the Navy and Coast Guard.
For the quarter ended June 2024, the company’s revenue decreased to ₹1,009.72 crore from ₹1,015.73 crore in the preceding quarter. Meanwhile, the net profit decreased to ₹87.19 crore from ₹111.60 crore in the previous quarter.
Key metrics:
Founded in 1972, Cochin Shipyard Limited (CSL) specialises in building, repairing, and upgrading all types of ships. It has constructed and serviced some of the world’s largest vessels for clients globally and has exported around 45 ships to international customers. CSL’s expertise ranges from building bulk carriers to smaller, technologically advanced ships like Platform Supply Vessels and Anchor Handling Tug Supply Vessels.
For the quarter ended June 2024, the company’s revenue decreased to ₹709.84 crore from ₹1,225.49 crore in the preceding quarter. Meanwhile, the net profit decreased to ₹180.85 crore from ₹264.67 crore in the previous quarter.
Key metrics:
Reliance Industrial Infrastructure Limited focuses on building and managing industrial infrastructure. It is part of the Reliance Group, with Reliance Industries Ltd holding a 45.43% stake. The company operates mainly in the Mumbai and Rasayani areas of Maharashtra, as well as in the Surat and Jamnagar regions of Gujarat.
For the quarter ended June 2024, the company’s revenue decreased to ₹12.40 crore from ₹14.51 crore in the preceding quarter. Meanwhile, the net profit decreased to ₹2.41 crore from ₹2.87 crore in the previous quarter.
Key metrics:
Great Eastern Shipping Company Limited (GE Shipping), India’s largest private shipping company, was established on August 3, 1948. It operates in two main areas: shipping and offshore services. The shipping division transports crude oil, petroleum products, gas, and dry bulk goods. The offshore division, managed by its subsidiary Greatship (India) Limited, supports oil companies in offshore exploration and production activities.
For the quarter ended June 2024, the company’s revenue decreased to ₹1,153.27 crore from ₹1,154.86 crore in the preceding quarter. Meanwhile, the net profit decreased to ₹668.26 crore from ₹726.73 crore in the previous quarter.
Key metrics:
The outlook for shipping sector stocks is positive, supported by global trade recovery, rising demand for logistics, and new technologies. The shipping industry is set for steady growth as international trade grows due to economic development and better supply chain management. The increase in e-commerce and the need for quicker deliveries are also helping the sector. Keeping an eye on the top shipping stocks in NSE can help investors make informed decisions and capitalise on the shipping sector’s ongoing growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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