Top 5 Shipping Companies in India 2023

Here we can see about the list of shipping companies in India before that take a look at shipping Industry.

The Indian shipbuilding industry continued to be driven by the defence requirements. As per the published report, the Indian Navy’s perspective plan aims to increase the Navy’s fleet from the present 137 to 200 nos. by 2027.

This is expected to provide a spurt in the indigenous shipbuilding. Besides, the Indian Navy’s indigenization plan is also expected to give a fillip to the growth of ancillaries and generally improve the shipbuilding environment in the country.

The vision of GOI as per the draft Defence Production Policy, circulated recently was “To make India among the Top Five countries of the world in aerospace and Defence Industries”, with active participation of public and private sector, fulfilling the objective of self-reliance as well as demand of other friendly countries.

In this segment, the Company has signed the contract for 8 Nos. ASW – SWC vessels (Anti-Submarine Shallow Water Craft).

List of Shipping Companies in India

so here is the list of shipping Companies in India which are sorted on based on Revenue

Cochin Shipyard Ltd | Largest Shipping Company in India

Cochin Shipyard Ltd. (CSL) was incorporated in the year 1972 as a fully owned Government of India Company. After the completion of the IPO in 2017 and the buyback in 2018, the Government of India holds 75.21% of equity share capital in the Company.

• Sales₹ 2,335 Cr.
• Operating profit₹ 309 Cr.
• Net profit₹ 395 Cr.
• Sales last year₹ 2,330 Cr.
• EBIDT last year₹ 480 Cr.

In the last four decades, the Company has emerged as a forerunner in the Indian shipbuilding & ship repair industry and also a well-known player on the global shipbuilding front. CSL has exported 45 ships to various commercial clients outside India such as National Petroleum Construction Company (Abu Dhabi), the Clipper Group (Bahamas), Vroon Offshore (Netherlands) and SIGBA AS (Norway).

• Total Assets₹ 9,909 Cr.
• Reserves₹ 4,292 Cr.
• Debt₹ 567 Cr.
• Debt to equity0.13
• Dividend yield1.59 %
• Face value₹ 10.0
• ROE 5Yr13.5 %
• ROCE8.66 %
• ROCE 3Yr15.8 %
• Return on equity6.57 %

The Company has built and repaired some of the largest ships in India and is presently building the prestigious Indigenous Aircraft Carrier for the Indian Navy. Over the years, CSL has successfully responded to fluctuations in the shipbuilding requirements of the markets and has evolved from building bulk carriers to smaller and more technically sophisticated vessels such as Passenger Vessels and Offshore Support Vessels.

CSL has worked with several leading technology firms in the industry including Rolls Royce Marine (Norway), GTT (France), Vard Group (Norway), etc. It is one of the largest ship building companies in India.

Mazagon Dock Shipbuilders Limited

Mazagon Dock Shipbuilders Limited, aptly called “Ship Builder to the Nation”, is one of India’s leading Defence public sector undertaking shipyard under the Ministry of Defence. Main activities are construction of warships and submarines with facilities situated at Mumbai and Nhava (under development). We have the capability to build warships, submarines, merchant ships upto 40,000 DWT since 1979.

• Sales₹ 7,770 Cr.
• Operating profit₹ 796 Cr.
• Net profit₹ 1,142 Cr.
• Sales last year₹ 7,827 Cr.
• EBIDT last year₹ 1,513 Cr.

For outfitting work, the company has a large number of workshops with sophisticated equipment and machines specific to hull fabrication and ship construction work. Mazagon is one of the largest ship building companies in India.

The Company has qualified manpower to implement CAD/CAM/CIM using the latest ship design software’s, operating from a number of work stations having the latest computer hardware to provide, up to date design and production support, commensurate with for the yard’s capabilities.

• Total Assets₹ 28,893 Cr.
• Reserves₹ 3,976 Cr.
• Debt₹ 6.04 Cr.
• Debt to equity0.00
• Dividend yield0.74 %
• Face value₹ 10.0
• ROE 5Yr21.3 %
• ROCE38.2 %
• ROCE 3Yr30.5 %
• Return on equity28.6 %

The workforce is well trained in various disciplines. Regular training programmes keep the men technologically abreast of the latest techniques of their profession.

Garden Reach Shipbuilders & Engineers Ltd

GRSE is a shipbuilding company in India under the administrative control of the MoD, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. 

GRSE derives a significant majority of its revenue from its shipbuilding division, which has contributed 94.14%, 90.13%, 92.19% and 94.76% to GRSE’s gross revenue in fiscals 2018, 2017, 2016 and 2015 respectively.

• Sales₹ 2,738 Cr.
• Operating profit₹ 162 Cr.
• Net profit₹ 255 Cr.
• Sales last year₹ 2,561 Cr.
• EBIDT last year₹ 343 Cr.

In addition to its ship and warship building capabilities, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps.

• Total Assets₹ 10,783 Cr.
• Reserves₹ 1,299 Cr.
• Debt₹ 312 Cr.
• Debt to equity0.22
• Dividend yield0.76 %
• Face value₹ 10.0
• ROE 5Yr14.7 %
• ROCE20.3 %
• ROCE 3Yr20.5 %
• Return on equity16.4 %

In 1934, GRSE was incorporated under the Indian Companies Act, 1913, and was later acquired by the Government of India from Macneill & Barry Limited on May 19, 1960. Shortly after becoming a CPSE in 1960, GRSE built India’s first indigenous warship–the INS Ajay, in the year 1961.

Hariyana Ship Breakers Ltd

• Sales₹ 103 Cr.
• Operating profit₹ -3.46 Cr.
• Net profit₹ 0.91 Cr.
• Sales last year₹ 54.0 Cr.
• EBIDT last year₹ 8.68 Cr.

HSBL initiated its ship recycling activities with a small beginning in Mumbai. It has now achieved an annual turnover of more than 60000 MT per annum. HSBL is ISO 9001-2000/ 14001-2004/ 30000-2009 & OHSAS 18001-2007 certified by Benchmark Certification.

• Total Assets₹ 263 Cr.
• Reserves₹ 136 Cr.
• Debt₹ 23.1 Cr.
• Debt to equity0.16
• Dividend yield0.00 %
• Face value₹ 10.0
• ROE 5Yr2.31 %
• ROCE5.13 %
• ROCE 3Yr7.39 %
• Return on equity2.99 %

The company is listed in the recognized stock exchange in India i.e BOMBAY STOCK EXCHANGE (B.S.E.) and is a dividend paying company from the last eight years.

Full List of shipping Company in India

Security Code	Security Name	Security Id	Group	Face Value	ISIN No
500620	GREAT EASTERN SHIPPING CO.LTD.	GESHIP	A	10	INE017A01032
523598	SHIPPING CORPORATION OF INDIA LTD.	SCI	A	10	INE109A01011
533704	ESSAR SHIPPING LTD.	ESSARSHPNG	T	10	INE122M01019
501848	GLOBAL OFFSHORE SERVICES LTD.	GLOBOFFS	B	10	INE446C01013
501833	CHOWGULE STEAMSHIPS LTD.	CHOWGULSTM	XT	10	INE490A01015
526807	SEAMEC LTD.	SEAMECLTD	B	10	INE497B01018
523618	DREDGING CORPORATION OF INDIA LTD.	DREDGECORP	B	10	INE506A01018
519413	Datiware Maritime Infra Ltd	DATIWARE	P	10	INE673U01014
500465	VARUN SHIPPING CO.LTD.	VARUNSHIP	Z	10	INE702A01013
540678	Cochin Shipyard Ltd	COCHINSHIP	A	10	INE704P01017
520151	SHREYAS SHIPPING & LOGISTICS LTD.	SHREYAS	B	10	INE757B01015
526508	Shahi Shipping Ltd	SHAHISHIP	XT	10	INE825D01016
526235	MERCATOR LTD.	MERCATOR	T	1	INE934B01028