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Ship Building Stocks

The shipbuilding industry is pivotal for global trade and security, with civilian and defence applications. India aims to elevate its shipbuilding prowess, supported by initiatives like the Shipbuilding Financial Assistance Policy. The country's Maritime Vision 2030 targets a top 5 global ranking. Innovations like the Green Tug Transition Programme underscore India's commitment to sustainability. Before investing, prioritise profitability, financial health, and competitive positioning of companies. Top stocks include Mazagon Dock, Knowledge Marine, and Hariyana Ship, offering growth potential aligned with India's maritime ambitions. Read More
Company
LTP
Volume
Market Cap
52W Low
52W High

LTP

₹ 1.55

0.00 (0.00%)

Volume

500

Market Cap

₹0 Cr

52W Low

₹0.00

52W High

₹1.55

LTP

₹ 1.95

0.00 (0.00%)

Volume

751

Market Cap

₹10 Cr

52W Low

₹0.00

52W High

₹2.05

LTP

₹ 0.8

0.00 (0.00%)

Volume

0

Market Cap

₹4 Cr

52W Low

₹0.00

52W High

₹1.80

LTP

₹ 9.66

-0.37 (-3.69%)

Volume

3,057

Market Cap

₹6 Cr

52W Low

₹6.78

52W High

₹15.76

LTP

₹ 120.6

-4.55 (-3.64%)

Volume

10,103

Market Cap

₹77 Cr

52W Low

₹74.16

52W High

₹146.00

LTP

₹ 61

-0.44 (-0.72%)

Volume

1,279

Market Cap

₹25 Cr

52W Low

₹28.74

52W High

₹80.70

LTP

₹ 1,350

-4.60 (-0.34%)

Volume

7,875

Market Cap

₹1,463 Cr

52W Low

₹980.00

52W High

₹1,815.00

LTP

₹ 74.02

0.00 (0.00%)

Volume

3,000

Market Cap

₹43 Cr

52W Low

₹28.80

52W High

₹74.02

LTP

₹ 3,965.25

71.05 (1.82%)

Volume

33,25,591

Market Cap

₹78,544 Cr

52W Low

₹1,162.00

52W High

₹4,245.00

LTP

₹ 2.3

0.00 (0.00%)

Volume

9,25,293

Market Cap

₹167 Cr

52W Low

₹2.05

52W High

₹2.75

LTP

₹ 42.3

-0.34 (-0.80%)

Volume

2,93,901

Market Cap

₹104 Cr

52W Low

₹12.28

52W High

₹57.80

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About the Shipbuilding Industry

Shipbuilding, i.e. building vessels to traverse oceans seas, plays a crucial role in global trade and security. Inputs for the industry include steel, machinery, energy, and communication systems. Additionally, shipbuilding fosters innovation in areas like navigation, propulsion, and sustainability.

Civilian uses encompass mammoth container ships, efficient tankers, and luxurious cruise liners, driving international trade and tourism. Meanwhile, defence shipyards churn out warships, submarines, and coast guard vessels to safeguard maritime borders and ensure stability. Steel plates, timber, engines, and specialised equipment form the backbone of any ship.

India, with its skilled workforce and growing technological prowess, aims to become a major player in this field. The government presently supports the shipbuilding industry in India via the Shipbuilding Financial Assistance Policy (SBFAP) scheme to help Indian shipyards procure orders from domestic and international markets. In 2018-19, in terms of tonnage delivered, India’s private and public sectors accounted for 86.6% and 13.4% respectively. India currently has 28 shipyards, six under the Central Public Sector, two under state governments, and 20 in the private sector.

Summary

The shipbuilding industry is pivotal for global trade and security, with civilian and defence applications. India aims to elevate its shipbuilding prowess, supported by initiatives like the Shipbuilding Financial Assistance Policy. The country’s Maritime Vision 2030 targets a top 5 global ranking. Innovations like the Green Tug Transition Programme underscore India’s commitment to sustainability. Before investing, prioritise profitability, financial health, and competitive positioning of companies. Angel One provides a convenient platform for investing in shipbuilding sector stocks. Top stocks include Mazagon Dock, Knowledge Marine, and Hariyana Ship, offering growth potential aligned with India’s maritime ambitions.

Future Outlook of the Shipbuilding Industry

Nurturing and growing the shipbuilding industry is a part of India’s Maritime Vision 2030. India currently contributes to 1% of global shipbuilding. In the coming decade, it plans to reach the top 5 list in this industry. At a global level, people are looking for alternatives to China and other demographically weakening countries like Japan or South Korea, offering an opportunity for India.

Having domestically owned ships will save billions of dollars in freight charges for the domestic exporters and importers and improve India’s overall foreign exchange deficit. India is also developing the ‘Green Tug Transition Programme’ (GTTP) that will convert all tugboats in the country, i.e. vessels helping ships navigate to ports, into ‘Green Hybrid Tugs’, running on non-fossil fuel like Methanol, Ammonia, Hydrogen. It is a part of India’s plan to become the ‘Global hub for building Green Ships’ by 2030.

Things To Consider Before Investing in the Shipbuilding Sector

  1. Prioritise Profitability: Companies that are able to remain profitable should be preferred. Remember, external factors, like the costs of raw materials such as steel and power, environmental regulations, etc., can impact profitability in the shipbuilding sector. Check for usage of technology for operational efficiency.
  2. Financial Fitness: In detail, individual companies’ financial health. Go for companies with adequate cash flow, and capital efficiency to assess their operational strength.
  3. Competitive Landscape: Map the major players in the Indian shipbuilding market and their market shares. Check which ones are competitive enough in terms of technology used, operational efficiency and access to capital.
  4. Align with Your Goals: Consider your investment timeframe and objectives. Shipbuilding is not a sector where revenue comes in every week.

How To Invest in Shipbuilding Sector Stocks?

Investing in shipbuilding sector stocks via Angel One is easy. Simply follow these steps:

  1. Log in to your Angel One account.
  2. Click on the search icon and look for your desired shipbuilding sector stock.
  3. Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
  4. To complete your transaction, click on the ‘Buy’ button.

If you don’t have a Demat account with Angel One, you can open one for free online within minutes.

FAQs

What are shipbuilding sector stocks?

Shipbuilding sector stocks represent companies involved in the manufacturing and distribution of ships used across various industries such as travel, goods transport, defence, etc.

What are the top stocks from the shipbuilding sector in terms of market cap?

Mazagon Dock, Knowledge Marine, Hariyana Ship, etc., are some of the biggest shipbuilding sector companies in India with publicly traded stocks.

How to evaluate shipbuilding sector stocks?

You may assess stocks based on financial health through metrics like profitability, debt-to-equity ratio, and operational efficiency.

Why should you invest in shipbuilding stocks?

India has made shipbuilding a part of its Maritime Vision for 2030. Over the years, we can expect government support to shipbuilding companies which will help these companies grow. Hence, you may consider investing in stocks of a growing sector.

Which are the best shipbuilding sector stocks to invest in?

With a 5-year CAGR of nearly 38.71% as of February 5, 2024, Inducto Steel is the best shipbuilding sector company. As such, the top shipbuilding sector stock can be selected based on various factors like cash richness, market size, growth rate, etc. Do your own research before deciding which stock is the best for your investment strategy.

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