The National Stock Exchange (NSE) is home to a wide array of companies from some of the largest shipbuilding corporations in the world to smaller companies looking to make their mark. This article provides an overview of the primary list of Shipbuilding Stocks NSE and their respective offerings. It also aims to outline the evolution of the shipbuilding industry and the impact that NSE-listed shipbuilding companies have had on it.
1. Mazagon Dock Shipbuilders Ltd
The company is engaged in the business of ship building and ship repairing. It build ships for Indian navy as well as for other commercial operators. It is small cap company with market cap of ₹15,309 cr but it is one of the best Shipbuilding company that is Listed on both NSE and BSE. From the listing day to till today company returns are around 350%.
2. Cochin Shipyard Ltd
Cochin Shipyard Ltd is a shipbuilding & repair company. It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India. Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. It second best shipbuilding company with market cap of ₹7,005 cr.
3. Garden Reach Shipbuilders & Engineers
Garden Reach Shipbuilders & Engineers is a shipbuilding company engaged in shipbuilding, engineering and engine production activities. The market cap of the company is ₹5,819 cr and it is also a small cap company.
4. JITF Infralogistics Ltd.
JITF Infralogistics Limited is an infrastructure development company. The Company is engaged in the business of development of urban infrastructure, water infrastructure, management of municipal solid waste and generation of energy from municipal solid waste. It is heigly volatile shipbuilding company that is listed on Indian stocks market.
5. Reliance Naval and Engineering
Reliance Naval and Engineering Limited, formerly known as Reliance Defence & Engineering Limited and prior to that as Pipavav Shipyard Limited and Pipavav Defence & Offshore Engineering Company Limited is an Indian shipbuilding and heavy industry company headquartered in Mumbai.
6. VMS Industries Ltd
VMS Industries Limited is engaged in ship recycling activities, which consist of purchase of ships and its dismantling. The Company is also engaged in the business of offshore dealings. It also trades metal scrap, coals, aluminum foil etc. It is micro cap shipbuilding company with the market cap of ₹22 cr.
7. Garware Marine Industries Ltd
Garware Marine Industries Limited (GMIL) is a Public Limited Company incorporated in 1975 as Modern Nets Ltd. The name was subsequently changed to Garware Marine Industries Ltd. in 1981. The shares of the Company are listed on The Bombay Stock Exchange Limited.
Shipbuilding companies listed on the National Stock Exchange (NSE) are some of the most prominent players in the industry. They come with a wealth of experience in the field and have played a major role in pushing the industry forward. As the industry evolves, NSE-listed shipbuilding companies face an array of challenges such as staying ahead of the competition and keeping up with environmental regulations. While this can be daunting, the continued investments in research and development demonstrate the NSE-listed shipbuilding companies’ commitment to innovation.