3 Naval Shipbuilder, Software Services Company and Wheels and Suspension Maker Stocks With a Strong Future Roadmap: Mazagon Dock Shipbuilders, Sonata Software and Wheels India
- November 12, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Mazagon Dock Shipbuilders, Sonata Software and Wheels India: ROE of 14.9% to 26.7% and FY22 to FY26 revenue CAGR of 8.4% to 23.2%. Prices as of 11 Nov 2026.
Quick Answer
The three naval shipyard, software and wheel stocks to watch are Mazagon Dock Shipbuilders, Sonata Software and Wheels India. Their return on equity ranges from 14.9% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.4% to 23.2%. Sonata Software has the highest return on equity at 26.7%, while Mazagon Dock Shipbuilders has the fastest revenue growth at 23.2% a year. Prices are based on the 11 November 2026 close, and this article is educational, not investment advice.
Naval shipyard, software and wheel stocks offer a focused view of a sector where demand keeps widening. Mazagon Dock Shipbuilders, Sonata Software and Wheels India cover a naval shipbuilder, a software services company and a wheels and suspension maker.
This list covers three naval shipyard, software and wheel stocks with complete current figures: Mazagon Dock Shipbuilders, Sonata Software and Wheels India. Every figure comes from the latest reported financials and the 11 November 2026 market close. Companies without complete current figures were left out.
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What Are Naval Shipyard, Software and Wheel Stocks?
Naval shipyard, software and wheel stocks are listed companies that build warships and submarines for the navy, provide software and digital services around global technology platforms, and produce wheels, suspension parts and castings for vehicles and railways. Their earnings depend on defence ship orders, client technology budgets and vehicle output.
Naval Shipyard, Software and Wheel Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Mazagon Dock Shipbuilders | 1,890 | 82,854 | 29.0 | 48.1 | 26.5 | 0.05 |
| Sonata Software | 254 | 6,732 | 14.5 | 17.5 | 26.7 | 0.38 |
| Wheels India | 2,372.6 | 6,549 | 39.4 | 36.9 | 14.9 | 0.74 |
On valuation, Mazagon Dock Shipbuilders and Sonata Software trade at a P/E below the industry P/E, while Wheels India trades above it, which reflects the growth the market already expects. Readers comparing naval shipyard, software and wheel 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 naval shipyard, software and wheel stocks can use the coming numbers to test whether growth is holding.
Why Do Naval Shipyard, Software and Wheel Stocks Have a Strong Roadmap in India?
Naval shipyard, software and wheel stocks have a strong roadmap in India because strong defence indigenisation, wider adoption of cloud platforms and rising vehicle and rail production keep widening the market for these companies.
- Naval shipbuilding. The navy orders home built vessels.
- Software services. Firms move to cloud platforms.
- Wheels and suspension. Vehicles and trains need strong parts.
Why Mazagon Dock Shipbuilders Features Among These Naval Shipyard, Software and Wheel Stocks
Among the naval shipyard, software and wheel stocks on this list, Mazagon Dock Shipbuilders is a Mumbai-based defence shipyard that builds warships and submarines for the Indian Navy and also takes on ship repair and offshore work.
Revenue rose from Rs 6,144 crore in FY22 to Rs 14,146 crore in FY26, a compound annual growth rate of 23.2%. Net profit grew from Rs 563 crore in FY22 to Rs 2,422 crore in FY26, which works out to a compound annual growth rate of 44.0%.
In the June 2026 quarter, revenue grew 10.4% year on year to Rs 3,256 crore, while net profit rose 22.1% to Rs 512 crore. The company has a return on equity of 26.5%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 82,854 crore. The stock trades at a P/E of 29.0, below the industry P/E of 48.1.
Roadmap: The shipyard has a long order book of destroyers, frigates and submarines, and the multi-year build cycle gives revenue visibility. Capacity additions and a push towards indigenous submarine and warship programmes support its position as a core naval supplier.
What to watch: Monitor milestone-linked revenue on the big naval programmes and any fresh orders announced through the year.
Why Sonata Software Features Among These Naval Shipyard, Software and Wheel Stocks
Among the warship builder, IT services and vehicle wheel shares on this list, Sonata Software, based in Bengaluru, is a technology services company with a focus on the Microsoft ecosystem and a platform-led approach it calls modernisation.
In the June 2026 quarter, revenue grew 9.9% year on year to Rs 3,286 crore. Revenue rose from Rs 5,655 crore in FY22 to Rs 10,806 crore in FY26, a compound annual growth rate of 17.6%.
Net profit grew from Rs 376 crore in FY22 to Rs 464 crore in FY26, which works out to a compound annual growth rate of 5.4%. The company has a return on equity of 26.7%, a debt to equity ratio of 0.38 and a market capitalisation of Rs 6,732 crore. The stock trades at a P/E of 14.5, below the industry P/E of 17.5.
Roadmap: Its strategy centres on cloud, data and artificial intelligence projects for retail, travel and manufacturing clients. A strong partner relationship with Microsoft and a pipeline of large deals support its roadmap.
What to watch: Monitor deal wins and trends in the domestic business.
Why Wheels India Features Among These Naval Shipyard, Software and Wheel Stocks
Among the three companies on this list, Wheels India, based in Chennai, manufactures steel wheels for commercial vehicles, tractors and off-highway machines, and is part of the Amalgamations group.
The company has a return on equity of 14.9%, a debt to equity ratio of 0.74 and a market capitalisation of Rs 6,549 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.9.
Revenue rose from Rs 3,979 crore in FY22 to Rs 5,488 crore in FY26, a compound annual growth rate of 8.4%. Net profit grew from Rs 74.2 crore in FY22 to Rs 158 crore in FY26, which works out to a compound annual growth rate of 20.8%. In the June 2026 quarter, revenue grew 17.7% year on year to Rs 1,493 crore, while net profit rose 27.3% to Rs 38.9 crore.
Roadmap: Demand from trucks, tractors and construction equipment, along with exports and a growing aftermarket, supports its volumes. The company is also working on lighter wheels and new products for farm and construction machines.
What to watch: Follow farm and construction equipment demand and steel prices.
Mazagon Dock Shipbuilders vs Sonata Software vs Wheels India on Key Financials
The table below sets the three naval shipyard, software and wheel 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 |
|---|---|---|---|---|---|
| Mazagon Dock Shipbuilders | 6,144 | 14,146 | 23.2% | 2,422 | 17.1% |
| Sonata Software | 5,655 | 10,806 | 17.6% | 464 | 4.3% |
| Wheels India | 3,979 | 5,488 | 8.4% | 158 | 2.9% |
Sonata Software posts the highest return on equity in this group at 26.7%. Mazagon Dock Shipbuilders combines the largest FY26 revenue at Rs 14,146 crore with the fastest revenue growth, a 23.2% compound annual rate. A useful habit with naval shipyard, software and wheel stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Mazagon Dock Shipbuilders | 2,949 | 3,256 | 10.4% |
| Sonata Software | 2,989 | 3,286 | 9.9% |
| Wheels India | 1,269 | 1,493 | 17.7% |
Key Risks to Check Before Investing in Naval Shipyard, Software and Wheel Stocks
Every theme carries risks that deserve a check before any decision. For these naval shipyard, software and wheel stocks, the main points are: Long-term warship builder, IT services and vehicle wheel 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.
- Client spending. Technology budgets can vary with global conditions.
- Production cycles. Vehicle output can vary with demand.
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 naval shipyard, software and wheel stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Naval Shipyard, Software and Wheel Stocks
Naval shipyard, software and wheel stocks reward patient research into demand, execution and financial strength. Mazagon Dock Shipbuilders, Sonata Software and Wheels India each have a clear plan to grow. Based on the 11 November 2026 close, Mazagon Dock Shipbuilders trades at Rs 1,890, Sonata Software at Rs 254 and Wheels India at Rs 2,372.6. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these naval shipyard, software and wheel 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 naval shipyard, software and wheel stocks?
Ans. Naval shipyard, software and wheel stocks are listed companies that build warships and submarines for the navy, provide software and digital services around global technology platforms, and produce wheels, suspension parts and castings for vehicles and railways. Their earnings depend on defence ship orders, client technology budgets and vehicle output. This list looks at three of them, Mazagon Dock Shipbuilders, Sonata Software and Wheels India, using reported FY22 to FY26 financials and the 11 November 2026 closing prices.
Which naval shipyard, software and wheel stocks are covered in this list?
Ans. This list covers Mazagon Dock Shipbuilders, Sonata Software and Wheels India. Based on the 11 November 2026 close, Mazagon Dock Shipbuilders traded at Rs 1,890, Sonata Software at Rs 254 and Wheels India at Rs 2,372.6. Their return on equity ranges from 14.9% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.4% to 23.2%.
Why do naval shipyard, software and wheel stocks have a strong future roadmap in India?
Ans. Naval shipyard, software and wheel stocks have a strong roadmap in India because strong defence indigenisation, wider adoption of cloud platforms and rising vehicle and rail production keep widening the market for these companies. The main drivers are as follows. Naval shipbuilding. The navy orders home built vessels. Software services. Firms move to cloud platforms. Wheels and suspension. Vehicles and trains need strong parts. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Mazagon Dock Shipbuilders performed financially?
Ans. Revenue rose from Rs 6,144 crore in FY22 to Rs 14,146 crore in FY26, a compound annual growth rate of 23.2%. Net profit grew from Rs 563 crore in FY22 to Rs 2,422 crore in FY26, which works out to a compound annual growth rate of 44.0%. In the June 2026 quarter, revenue grew 10.4% year on year to Rs 3,256 crore, while net profit rose 22.1% to Rs 512 crore. The company has a return on equity of 26.5%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 82,854 crore. The stock trades at a P/E of 29.0, below the industry P/E of 48.1. Looking ahead, the shipyard has a long order book of destroyers, frigates and submarines, and the multi-year build cycle gives revenue visibility. Capacity additions and a push towards indigenous submarine and warship programmes support its position as a core naval supplier.
How has Sonata Software performed financially?
Ans. Revenue rose from Rs 5,655 crore in FY22 to Rs 10,806 crore in FY26, a compound annual growth rate of 17.6%. Net profit grew from Rs 376 crore in FY22 to Rs 464 crore in FY26, which works out to a compound annual growth rate of 5.4%. In the June 2026 quarter, revenue grew 9.9% year on year to Rs 3,286 crore. The company has a return on equity of 26.7%, a debt to equity ratio of 0.38 and a market capitalisation of Rs 6,732 crore. The stock trades at a P/E of 14.5, below the industry P/E of 17.5. Looking ahead, its strategy centres on cloud, data and artificial intelligence projects for retail, travel and manufacturing clients. A strong partner relationship with Microsoft and a pipeline of large deals support its roadmap.
How has Wheels India performed financially?
Ans. Revenue rose from Rs 3,979 crore in FY22 to Rs 5,488 crore in FY26, a compound annual growth rate of 8.4%. Net profit grew from Rs 74.2 crore in FY22 to Rs 158 crore in FY26, which works out to a compound annual growth rate of 20.8%. In the June 2026 quarter, revenue grew 17.7% year on year to Rs 1,493 crore, while net profit rose 27.3% to Rs 38.9 crore. The company has a return on equity of 14.9%, a debt to equity ratio of 0.74 and a market capitalisation of Rs 6,549 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.9. Looking ahead, demand from trucks, tractors and construction equipment, along with exports and a growing aftermarket, supports its volumes. The company is also working on lighter wheels and new products for farm and construction machines.
What risks should investors check before buying naval shipyard, software and wheel stocks?
Ans. Investors should check a few risks before buying naval shipyard, software and wheel stocks. Order timing. Defence and space orders can shift between periods. Client spending. Technology budgets can vary with global conditions. Production cycles. Vehicle output can vary with demand. 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 naval shipyard, software and wheel stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 11 November 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.
