3 Naval Shipbuilding Company, Buses and Auto Components Maker and Oil Exploration Company Stocks With a Strong Future Roadmap: Mazagon Dock Shipbuilders, JBM Auto and Oil India
- November 12, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Mazagon Dock Shipbuilders, JBM Auto and Oil India: ROE of 11.4% to 26.5% and FY22 to FY26 revenue CAGR of 7.3% to 23.2%. Prices as of 11 Nov 2026.
Quick Answer
The three naval shipyard, electric bus and oil stocks to watch are Mazagon Dock Shipbuilders, JBM Auto and Oil India. Their return on equity ranges from 11.4% to 26.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.3% to 23.2%. Mazagon Dock Shipbuilders leads on both return on equity at 26.5% and 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, electric bus and oil stocks bring together companies with a visible plan for the years ahead. Mazagon Dock Shipbuilders, JBM Auto and Oil India cover a naval shipbuilding company, a buses and auto components maker and an oil exploration company.
This list covers three naval shipyard, electric bus and oil stocks with complete current figures: Mazagon Dock Shipbuilders, JBM Auto and Oil 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, Electric Bus and Oil Stocks?
Naval shipyard, electric bus and oil stocks are listed companies that build warships and submarines for the navy, make buses, electric buses and sheet metal components for vehicles, and explore for and produce crude oil and natural gas. Their earnings depend on defence ship orders, bus and vehicle orders and oil and gas output.
Naval Shipyard, Electric Bus and Oil 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 |
| JBM Auto | 500.85 | 12,533 | 51.5 | 36.9 | 14.2 | 1.97 |
| Oil India | 445.8 | 72,563 | 7.6 | 7.2 | 11.4 | 0.65 |
On valuation, Mazagon Dock Shipbuilders trades at a P/E below the industry P/E, while JBM Auto and Oil India trade above it, which reflects the growth the market already expects. Readers comparing naval shipyard, electric bus and oil 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, electric bus and oil stocks can use the coming numbers to test whether growth is holding.
Why Do Naval Shipyard, Electric Bus and Oil Stocks Have a Strong Roadmap in India?
Naval shipyard, electric bus and oil stocks have a strong roadmap in India because strong defence indigenisation, a push for electric public transport and steady energy demand keep widening the market for these companies.
- Naval shipbuilding. The navy orders home built vessels.
- Buses and components. Cities add electric buses.
- Oil exploration. The economy needs steady fuel supply.
Why Mazagon Dock Shipbuilders Features Among These Naval Shipyard, Electric Bus and Oil Stocks
Among the naval shipyard, electric bus and oil 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 JBM Auto Features Among These Naval Shipyard, Electric Bus and Oil Stocks
Among the warship builder, bus maker and crude producer shares on this list, JBM Auto makes sheet metal components, tooling, and buses, and is a significant supplier of electric buses and sheet metal parts to leading vehicle makers.
In the June 2026 quarter, revenue grew 13.9% year on year to Rs 1,474 crore, while net profit rose 13.4% to Rs 44.3 crore. Revenue rose from Rs 3,214 crore in FY22 to Rs 6,227 crore in FY26, a compound annual growth rate of 18.0%.
Net profit grew from Rs 156 crore in FY22 to Rs 238 crore in FY26, which works out to a compound annual growth rate of 11.1%. The company has a return on equity of 14.2%, a debt to equity ratio of 1.97 and a market capitalisation of Rs 12,533 crore. The stock trades at a P/E of 51.5, above the industry P/E of 36.9.
Roadmap: The company has secured large orders for electric buses under city transport programmes and supplies body and chassis components to passenger vehicle and commercial vehicle makers. Its manufacturing scale supports growth in both businesses.
What to watch: Track electric bus deliveries and the progress of orders under city bus programmes.
Why Oil India Features Among These Naval Shipyard, Electric Bus and Oil Stocks
Among the three companies on this list, Oil India is a public sector company that explores for and produces crude oil and natural gas, mainly in Assam and other parts of the country, and it also operates a crude pipeline in the North East.
The company has a return on equity of 11.4%, a debt to equity ratio of 0.65 and a market capitalisation of Rs 72,563 crore. The stock trades at a P/E of 7.6, above the industry P/E of 7.2.
Revenue rose from Rs 27,048 crore in FY22 to Rs 35,877 crore in FY26, a compound annual growth rate of 7.3%. Net profit grew from Rs 7,040 crore in FY25 to Rs 7,551 crore in FY26, a rise of 7.3%. In the June 2026 quarter, revenue grew 47.0% year on year to Rs 13,236 crore, while net profit rose 96.8% to Rs 4,027 crore.
Roadmap: The company is stepping up exploration and development spending and building a presence in refining and clean energy through its group companies. Steady production supports earnings and dividends.
What to watch: Track crude oil prices, production volumes and progress on new exploration blocks.
Mazagon Dock Shipbuilders vs JBM Auto vs Oil India on Key Financials
The table below sets the three naval shipyard, electric bus and oil 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% |
| JBM Auto | 3,214 | 6,227 | 18.0% | 238 | 3.8% |
| Oil India | 27,048 | 35,877 | 7.3% | 7,551 | 21.0% |
Mazagon Dock Shipbuilders posts the highest return on equity in this group at 26.5%. Oil India has the largest FY26 revenue at Rs 35,877 crore, and Mazagon Dock Shipbuilders shows the fastest revenue growth with a 23.2% compound annual rate. A useful habit with naval shipyard, electric bus and oil stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several submarine yard, auto components and upstream oil stocks instead of one name, which keeps a single result from deciding the outcome.
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% |
| JBM Auto | 1,294 | 1,474 | 13.9% |
| Oil India | 9,006 | 13,236 | 47.0% |
Key Risks to Check Before Investing in Naval Shipyard, Electric Bus and Oil Stocks
Every theme carries risks that deserve a check before any decision. For these naval shipyard, electric bus and oil stocks, the main points are: Long-term warship builder, bus maker and crude producer shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio. Tracking promoter holding and management commentary adds context when you study warship builder, bus maker and crude producer shares.
- Order timing. Defence and space orders can shift between periods.
- Government spending. Public project funding can shift between periods.
- Oil and gas prices. Earnings follow crude oil, gas and refining margins.
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, electric bus and oil stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Naval Shipyard, Electric Bus and Oil Stocks
Naval shipyard, electric bus and oil stocks suit investors who prefer to study business strength before price moves. Mazagon Dock Shipbuilders, JBM Auto and Oil India each have a clear plan to grow. Based on the 11 November 2026 close, Mazagon Dock Shipbuilders trades at Rs 1,890, JBM Auto at Rs 500.85 and Oil India at Rs 445.8. 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, electric bus and oil 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, electric bus and oil stocks?
Ans. Naval shipyard, electric bus and oil stocks are listed companies that build warships and submarines for the navy, make buses, electric buses and sheet metal components for vehicles, and explore for and produce crude oil and natural gas. Their earnings depend on defence ship orders, bus and vehicle orders and oil and gas output. This list looks at three of them, Mazagon Dock Shipbuilders, JBM Auto and Oil India, using reported FY22 to FY26 financials and the 11 November 2026 closing prices.
Which naval shipyard, electric bus and oil stocks are covered in this list?
Ans. This list covers Mazagon Dock Shipbuilders, JBM Auto and Oil India. Based on the 11 November 2026 close, Mazagon Dock Shipbuilders traded at Rs 1,890, JBM Auto at Rs 500.85 and Oil India at Rs 445.8. Their return on equity ranges from 11.4% to 26.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.3% to 23.2%.
Why do naval shipyard, electric bus and oil stocks have a strong future roadmap in India?
Ans. Naval shipyard, electric bus and oil stocks have a strong roadmap in India because strong defence indigenisation, a push for electric public transport and steady energy demand keep widening the market for these companies. The main drivers are as follows. Naval shipbuilding. The navy orders home built vessels. Buses and components. Cities add electric buses. Oil exploration. The economy needs steady fuel supply. 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 JBM Auto performed financially?
Ans. Revenue rose from Rs 3,214 crore in FY22 to Rs 6,227 crore in FY26, a compound annual growth rate of 18.0%. Net profit grew from Rs 156 crore in FY22 to Rs 238 crore in FY26, which works out to a compound annual growth rate of 11.1%. In the June 2026 quarter, revenue grew 13.9% year on year to Rs 1,474 crore, while net profit rose 13.4% to Rs 44.3 crore. The company has a return on equity of 14.2%, a debt to equity ratio of 1.97 and a market capitalisation of Rs 12,533 crore. The stock trades at a P/E of 51.5, above the industry P/E of 36.9. Looking ahead, the company has secured large orders for electric buses under city transport programmes and supplies body and chassis components to passenger vehicle and commercial vehicle makers. Its manufacturing scale supports growth in both businesses.
How has Oil India performed financially?
Ans. Revenue rose from Rs 27,048 crore in FY22 to Rs 35,877 crore in FY26, a compound annual growth rate of 7.3%. Net profit grew from Rs 7,040 crore in FY25 to Rs 7,551 crore in FY26, a rise of 7.3%. In the June 2026 quarter, revenue grew 47.0% year on year to Rs 13,236 crore, while net profit rose 96.8% to Rs 4,027 crore. The company has a return on equity of 11.4%, a debt to equity ratio of 0.65 and a market capitalisation of Rs 72,563 crore. The stock trades at a P/E of 7.6, above the industry P/E of 7.2. Looking ahead, the company is stepping up exploration and development spending and building a presence in refining and clean energy through its group companies. Steady production supports earnings and dividends.
What risks should investors check before buying naval shipyard, electric bus and oil stocks?
Ans. Investors should check a few risks before buying naval shipyard, electric bus and oil stocks. Order timing. Defence and space orders can shift between periods. Government spending. Public project funding can shift between periods. Oil and gas prices. Earnings follow crude oil, gas and refining margins. 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, electric bus and oil 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.