Explore 4 top Indian shipbuilding stocks trading at up to 60% discount. Mazagon Dock, Cochin Shipyard & more with strong fundamentals & multibagger potential.
Ship Building Sector Crash
The shipbuilding sector is currently in a downtrend, but this could be the perfect time for long-term investors to grab top defense and marine stocks at bargain prices. Four major Indian shipbuilding companies – Mazagon Dock, Cochin Shipyard, Garden Reach Shipbuilders, and Shipping Corporation of India – have seen sharp price corrections, making them attractive for value investing.
Why Shipbuilding Stocks Matter?
Shipbuilding companies design warships, submarines, commercial vessels, and offshore energy equipment. Their growth is tied to global trade, defense contracts, and maritime logistics – sectors with massive growth potential as India boosts its naval and trade capabilities.
4 Discounted Shipbuilding Stocks to Watch (2025)
1. Mazagon Dock Shipbuilders Ltd
Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. It has constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms.
- Base: Mumbai
- Specialization: Warships, submarines, ship repairs
- Market Cap: ₹ 93,475 Cr
- Current Price: ₹2,329
- 52-Week Range: ₹1,045.00 – ₹2,930.00 (21% discount)
- Key Metrics:
- P/E 37.26
- ROCE: 44.2 %
- RoE 35.28%,
- Debt-Free,
- Why Buy?: India’s defense backbone with strong order books & government support.
2. Cochin Shipyard Ltd
Cochin Shipyard Limited(CSL) established in the year 1972, is a leading player in construction of all kinds of vessels, repairs and refits of all types of vessels including periodic upgradation and life extension of ships.
It has exported some 45 ships to various clients outside India.
- Base: Kochi, Kerala
- Specialization: Oil tankers, passenger ships, defense vessels
- Market Cap: ₹ 35,208 Cr
- Current Price: ₹1,328.10
- 52-Week Range: ₹1,024 – ₹2,979 (55% discount)
- Key Metrics:
- P/E: 44.27
- ROCE: 44.2 %
- RoE: 16.42%
- Low Debt
- Why Buy? India’s largest shipyard – dominates commercial & defense shipbuilding.
3. Garden Reach Shipbuilders (GRSE)
Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defense, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.
- Base: Kolkata
- Specialization: Naval warships, equipment maintenance
- Market Cap: ₹17,009 Cr
- Current Price: ₹1,538
- 52-Week Range: ₹836 – ₹2,833 (48% discount)
- Key Metrics:
- P/E: 44.64
- ROCE: 27.4 %
- RoE: 22.2 %
- Almost Zero Debt
- Why Buy? Trusted partner of Indian Navy – strong R&D in defense tech.
4. Shipping Corporation of India (SCI)
Shipping Corporation of India is engaged involved in business of transporting goods and passengers.
Its owned fleet includes Bulk carriers, Crude oil tankers, Product tankers, Container vessels, Passenger-cum-Cargo vessels, LPG carriers and Offshore Supply Vessels.
- Base: Mumbai
- Specialization: Bulk carriers, tankers, offshore logistics
- Market Cap: ₹ 7,320 Cr
- Current Price: ₹160
- 52-Week Range: ₹138 – ₹384 (60% discount)
- Key Metrics:
- P/E: 7.72
- ROCE: 7.43 %
- RoE: 8.49 %
- Govt-Owned, High Dividend Potential
- Why Buy? Critical player in India’s energy transportation & global trade.
| Company | Price(₹) | Market Cap(₹ Crore) | Year Range(₹) | Discount | PE | ROCE | ROE |
|---|---|---|---|---|---|---|---|
| Mazagon Dock Shipbuilders | ₹ 2,328 | ₹ 93,475 Cr | 1,045-2,930 | 21% | 37.26 | 44 | 35 |
| Cochin Shipyard | ₹ 1,328 | ₹ 35,208 Cr | 1,024-2,979 | 55% | 44.27 | 44 | 16 |
| Garden Reach Shipbuilders (GRSE) | ₹ 1,538 | ₹ 17,009 Cr | 836-2,833 | 48% | 44.64 | 27 | 22 |
| Shipping Corporation of India (SCI) | ₹ 160 | ₹ 7,320 cr. | 138-384 | 60% | 7.72 | 7.43% | 8.49% |
Key Notes for Investors
- A rare Discount: All 4 stocks are trading 40-60% below their 52-week highs.
- Strong fundamentals: Low debt, high RoE, and government contracts.
- Long-term potential: Rising defense budgets and India’s focus on maritime strength.
Tip: Do your research! These stocks may face short-term volatility, but patient investors could reap multibagger returns in 3-5 years.