logo
Apply Dedicated Logistics & Hotel Management Job Portal x
Shipping Companies in India
15th May 2022 By IEPS
blog

Top 5 Shipping Companies in India

 

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.

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 Sales: Rs 3,392 Cr
  • Market Cap:  3,212
  • ROE: 48%
  • Sales Growth (3Yrs): 18%
  • Promoter holding: 86%
  • Debt to equity: 04
  • Price to book value: 93


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.

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.

Total Sales: Rs 4,978 Cr

  • Market Cap: ₹3,389 Cr.
  • DividendYield: 0.00 %
  • ROCE: 25.0 %
  • ROE: 15.4 %
  • Face Value: ₹0
  • Promoter holding: 84.8 %
  • Debt to equity: 0.00
  • Price to book value: 1.10

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.

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.

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.

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

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 Sales: Rs 377 Cr

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.

List of shipping Company in India

Security Code

Security Name

Security Id

Group

Face Value

ISIN No

500620

GREAT EASTERN SHIPPING CO.LTD.

GESHIP

10

INE017A01032

523598

SHIPPING CORPORATION OF INDIA LTD.

SCI

10

INE109A01011

533704

ESSAR SHIPPING LTD.

ESSARSHPNG

10

INE122M01019

501848

GLOBAL OFFSHORE SERVICES LTD.

GLOBOFFS

10

INE446C01013

501833

CHOWGULE STEAMSHIPS LTD.

CHOWGULSTM

XT

10

INE490A01015

526807

SEAMEC LTD.

SEAMECLTD

10

INE497B01018

523618

DREDGING CORPORATION OF INDIA LTD.

DREDGECORP

10

INE506A01018

519413

Datiware Maritime Infra Ltd

DATIWARE

10

INE673U01014

500465

VARUN SHIPPING CO.LTD.

VARUNSHIP

10

INE702A01013

540678

Cochin Shipyard Ltd

COCHINSHIP

10

INE704P01017

520151

SHREYAS SHIPPING & LOGISTICS LTD.

SHREYAS

10

INE757B01015

526508

Shahi Shipping Ltd

SHAHISHIP

XT

10

INE825D01016

526235

MERCATOR LTD.

MERCATOR

1

INE934B01028