3 Defence Electronics and Radar Maker, Crude and Product Tankers Operator and Thermostatic Bimetal Maker Stocks With a Strong Future Roadmap: Bharat Electronics, Great Eastern Shipping and Shivalik Bimetal
- November 2, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Bharat Electronics, Great Eastern Shipping and Shivalik Bimetal: ROE of 17.4% to 25.3% and FY22 to FY26 revenue CAGR of 14.5% to 15.9%. Prices as of 30 Oct 2026.
Quick Answer
The three radar maker, tanker and bimetal stocks to watch are Bharat Electronics, Great Eastern Shipping and Shivalik Bimetal. Their return on equity ranges from 17.4% to 25.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.5% to 15.9%. Bharat Electronics leads on both return on equity at 25.3% and revenue growth at 15.9% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.
Radar maker, tanker and bimetal stocks give investors a way to track businesses that sit close to everyday demand in India. Bharat Electronics, Great Eastern Shipping and Shivalik Bimetal cover a defence electronics and radar maker, a crude and product tankers operator and a thermostatic bimetal maker.
This list covers three radar maker, tanker and bimetal stocks with complete current figures: Bharat Electronics, Great Eastern Shipping and Shivalik Bimetal. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.
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What Are Radar Maker, Tanker and Bimetal Stocks?
Radar maker, tanker and bimetal stocks are listed companies that make radars and communication systems for the armed forces, operate crude and product tankers, and produce thermostatic bimetal strips and contact components for appliances and vehicles. Their earnings depend on defence orders, freight demand and industrial output.
Radar Maker, Tanker and Bimetal Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Bharat Electronics | 369.9 | 275,177 | 44.8 | 48.1 | 25.3 | 0.00 |
| Great Eastern Shipping | 1,593.6 | 21,649 | 5.8 | 8.6 | 17.4 | 0.06 |
| Shivalik Bimetal | 1,013.5 | 5,383 | 50.7 | 11.3 | 19.9 | 0.13 |
On valuation, Bharat Electronics and Great Eastern Shipping trade at a P/E below the industry P/E, while Shivalik Bimetal trades above it, which reflects the growth the market already expects. Readers comparing radar maker, tanker and bimetal stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in radar maker, tanker and bimetal stocks can use the coming numbers to test whether growth is holding.
Why Do Radar Maker, Tanker and Bimetal Stocks Have a Strong Roadmap in India?
Radar maker, tanker and bimetal stocks have a strong roadmap in India because rising defence spending, steady energy shipments and growing demand for electrical components keep widening the market for these defence, marine and industrial companies.
- Defence orders. Domestic production gets steady support.
- Energy shipments. Tankers carry crude and fuel.
- Electrical parts. Appliances and vehicles use bimetal parts.
Why Bharat Electronics Features Among These Radar Maker, Tanker and Bimetal Stocks
Among the radar maker, tanker and bimetal stocks on this list, Bharat Electronics is a Navratna public sector company that designs and makes radars, communication systems, electronic warfare suites, naval systems, electro-optics and avionics for the Indian armed forces, with a growing civil and export business.
The company has a return on equity of 25.3%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 275,177 crore. The stock trades at a P/E of 44.8, below the industry P/E of 48.1.
Revenue rose from Rs 15,600 crore in FY22 to Rs 28,176 crore in FY26, a compound annual growth rate of 15.9%. Net profit grew from Rs 2,354 crore in FY22 to Rs 6,023 crore in FY26, which works out to a compound annual growth rate of 26.5%. In the June 2026 quarter, revenue grew 24.2% year on year to Rs 5,717 crore, while net profit rose 8.7% to Rs 1,044 crore.
Roadmap: The company works with a large order book from the defence ministry and continues to win new programmes in air defence, naval combat systems and communication. Indigenisation policies favour domestic suppliers, and the company is also widening into homeland security, railways and electronic manufacturing services.
What to watch: Watch the size of the order book, the pace of order execution and the order inflow reported with each quarterly result.
Why Great Eastern Shipping Features Among These Radar Maker, Tanker and Bimetal Stocks
Among the defence and marine supply shares on this list, The Great Eastern Shipping Company is one of India’s largest private shipping companies, operating a fleet of crude tankers, product tankers, gas carriers and dry bulk vessels, and holding offshore assets through a subsidiary.
Revenue rose from Rs 3,669 crore in FY22 to Rs 6,312 crore in FY26, a compound annual growth rate of 14.5%. Net profit grew from Rs 630 crore in FY22 to Rs 2,943 crore in FY26, which works out to a compound annual growth rate of 47.0%.
The company has a return on equity of 17.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 21,649 crore. The stock trades at a P/E of 5.8, below the industry P/E of 8.6.
Roadmap: The company follows a disciplined cycle of buying and selling vessels, which lets it add capacity at attractive prices and book gains from older ships. Low debt and strong cash generation support fleet renewal and regular dividends.
What to watch: Track tanker and dry bulk freight rates and second-hand vessel prices, which shape both earnings and asset values.
Why Shivalik Bimetal Features Among These Radar Maker, Tanker and Bimetal Stocks
Among the three companies on this list, Shivalik Bimetal Controls makes thermostatic bimetal strips, shunts and electrical contact components used in appliances, automobiles and electrical equipment, selling to customers in India and abroad.
In the June 2026 quarter, revenue grew 33.7% year on year to Rs 186 crore, while net profit rose 44.9% to Rs 33.0 crore. Revenue rose from Rs 329 crore in FY22 to Rs 583 crore in FY26, a compound annual growth rate of 15.3%.
Net profit grew from Rs 55.1 crore in FY22 to Rs 95.9 crore in FY26, which works out to a compound annual growth rate of 14.8%. The company has a return on equity of 19.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 5,383 crore. The stock trades at a P/E of 50.7, above the industry P/E of 11.3.
Roadmap: The company is growing its shunt business for electric and hybrid vehicles and smart meters while adding new components for industrial and appliance customers. Its materials expertise supports a strong position in the niche.
What to watch: Follow shunt demand from electric vehicles and meters and new component launches.
Bharat Electronics vs Great Eastern Shipping vs Shivalik Bimetal on Key Financials
The table below sets the three radar maker, tanker and bimetal stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Bharat Electronics | 15,600 | 28,176 | 15.9% | 6,023 | 21.4% |
| Great Eastern Shipping | 3,669 | 6,312 | 14.5% | 2,943 | 46.6% |
| Shivalik Bimetal | 329 | 583 | 15.3% | 95.9 | 16.4% |
Bharat Electronics posts the highest return on equity in this group at 25.3%. Bharat Electronics combines the largest FY26 revenue at Rs 28,176 crore with the fastest revenue growth, a 15.9% compound annual rate. A useful habit with radar maker, tanker and bimetal stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Radar Maker, Tanker and Bimetal Stocks
Every theme carries risks that deserve a check before any decision. For these radar maker, tanker and bimetal stocks, the main points are: Long-term defence and marine supply shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Order timing. Defence and space orders can shift between periods.
- Order timing. Project awards can shift between periods.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter radar maker, tanker and bimetal stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Radar Maker, Tanker and Bimetal Stocks
Radar maker, tanker and bimetal stocks work best when investors track growth, valuation and return on equity side by side. Bharat Electronics, Great Eastern Shipping and Shivalik Bimetal each have a clear plan to grow. Based on the 30 October 2026 close, Bharat Electronics trades at Rs 369.9, Great Eastern Shipping at Rs 1,593.6 and Shivalik Bimetal at Rs 1,013.5. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these radar maker, tanker and bimetal stocks to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are radar maker, tanker and bimetal stocks?
Ans. Radar maker, tanker and bimetal stocks are listed companies that make radars and communication systems for the armed forces, operate crude and product tankers, and produce thermostatic bimetal strips and contact components for appliances and vehicles. Their earnings depend on defence orders, freight demand and industrial output. This list looks at three of them, Bharat Electronics, Great Eastern Shipping and Shivalik Bimetal, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.
Which radar maker, tanker and bimetal stocks are covered in this list?
Ans. This list covers Bharat Electronics, Great Eastern Shipping and Shivalik Bimetal. Based on the 30 October 2026 close, Bharat Electronics traded at Rs 369.9, Great Eastern Shipping at Rs 1,593.6 and Shivalik Bimetal at Rs 1,013.5. Their return on equity ranges from 17.4% to 25.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.5% to 15.9%.
Why do radar maker, tanker and bimetal stocks have a strong future roadmap in India?
Ans. Radar maker, tanker and bimetal stocks have a strong roadmap in India because rising defence spending, steady energy shipments and growing demand for electrical components keep widening the market for these defence, marine and industrial companies. The main drivers are as follows. Defence orders. Domestic production gets steady support. Energy shipments. Tankers carry crude and fuel. Electrical parts. Appliances and vehicles use bimetal parts. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Bharat Electronics performed financially?
Ans. Revenue rose from Rs 15,600 crore in FY22 to Rs 28,176 crore in FY26, a compound annual growth rate of 15.9%. Net profit grew from Rs 2,354 crore in FY22 to Rs 6,023 crore in FY26, which works out to a compound annual growth rate of 26.5%. In the June 2026 quarter, revenue grew 24.2% year on year to Rs 5,717 crore, while net profit rose 8.7% to Rs 1,044 crore. The company has a return on equity of 25.3%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 275,177 crore. The stock trades at a P/E of 44.8, below the industry P/E of 48.1. Looking ahead, the company works with a large order book from the defence ministry and continues to win new programmes in air defence, naval combat systems and communication. Indigenisation policies favour domestic suppliers, and the company is also widening into homeland security, railways and electronic manufacturing services.
How has Great Eastern Shipping performed financially?
Ans. Revenue rose from Rs 3,669 crore in FY22 to Rs 6,312 crore in FY26, a compound annual growth rate of 14.5%. Net profit grew from Rs 630 crore in FY22 to Rs 2,943 crore in FY26, which works out to a compound annual growth rate of 47.0%. The company has a return on equity of 17.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 21,649 crore. The stock trades at a P/E of 5.8, below the industry P/E of 8.6. Looking ahead, the company follows a disciplined cycle of buying and selling vessels, which lets it add capacity at attractive prices and book gains from older ships. Low debt and strong cash generation support fleet renewal and regular dividends.
How has Shivalik Bimetal performed financially?
Ans. Revenue rose from Rs 329 crore in FY22 to Rs 583 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 55.1 crore in FY22 to Rs 95.9 crore in FY26, which works out to a compound annual growth rate of 14.8%. In the June 2026 quarter, revenue grew 33.7% year on year to Rs 186 crore, while net profit rose 44.9% to Rs 33.0 crore. The company has a return on equity of 19.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 5,383 crore. The stock trades at a P/E of 50.7, above the industry P/E of 11.3. Looking ahead, the company is growing its shunt business for electric and hybrid vehicles and smart meters while adding new components for industrial and appliance customers. Its materials expertise supports a strong position in the niche.
What risks should investors check before buying radar maker, tanker and bimetal stocks?
Ans. Investors should check a few risks before buying radar maker, tanker and bimetal stocks. Order timing. Defence and space orders can shift between periods. Order timing. Project awards can shift between periods. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of radar maker, tanker and bimetal stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 30 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
