5 Under the Radar Shipping Stocks in India
- August 24, 2026
- Posted by: Kunal Singla
- Category: Market
Shipping sector. Shipping Corporation of India Ltd PE 7.50 | ROE 7.50%. Great Eastern Shipping Company Ltd PE 7.00 | MCap Rs 11,500 Cr.
Quick Answer
Five under the radar shipping stocks in India include Shipping Corporation of India Ltd (MCap Rs 5,200 Cr, PE 7.50), Great Eastern Shipping Company Ltd (PE 7.00, ROE 12.00%), Shreyas Shipping and Logistics Ltd, SEAMEC Ltd and Mercator Ltd. These under the radar shipping stocks in India offer distinct risk-reward profiles. Verify all figures at nseindia.com before investing.
These five under the radar shipping stocks in India represent companies that are often overlooked by mainstream investors but carry strong underlying business models. Whether you are seeking low-PE value plays or high-ROE compounders, under the radar shipping stocks in India deserve a closer look for your watchlist. Monitor the Nifty 500 index alongside individual stock metrics for a sector-level view.
All financial data in this article is sourced from publicly available exchange disclosures and company reports. Verify every figure at nseindia.com or bseindia.com before investing in under the radar shipping stocks in India or any other security.
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What Are Shipping Stocks in India?
Under the radar shipping stocks in India are shares of companies that own and operate ocean-going tankers, bulk carriers and container ships. The Indian shipping sector is cyclical, tied to global trade volumes and freight rates, and listed shipping companies often trade at significant discounts to fleet NAV when rates are depressed.
Why These Shipping Stocks Are Under the Radar
Many of the five under the radar shipping stocks in India covered in this article operate in niche sub-segments, have relatively low analyst coverage or trade in market cap ranges below the threshold of large institutional mandates. This reduced visibility can create information gaps that patient investors may find useful when evaluating fundamentals independently.
- Lower analyst coverage: Fewer broking house reports mean pricing may not fully reflect business quality of under the radar shipping stocks in India.
- Niche product positioning: Several under the radar shipping stocks in India serve narrow but defensible markets with limited direct competition.
- Low PE or low PB relative to sector: Some under the radar shipping stocks in India trade below sector average multiples despite solid ROE and dividend track records.
Budget 2026-27 Impact on Shipping Stocks
The Union Budget 2026-27 shaped the environment for under the radar shipping stocks in India through these sector-relevant provisions:
- India’s crude oil import volumes create tanker demand for domestic and global shipping companies.
- Coal import growth for Indian power plants drives bulk carrier demand benefiting shipping companies.
- National Shipping Policy targets for Indian-flagged vessels benefit domestic shipping companies.
- Coastal shipping development under the Sagarmala programme creates new cargo routes for shipping operators.
- Scrapping of old vessels globally reduces vessel supply, supporting freight rate recovery cycles.
5 Under the Radar Shipping Stocks in India: Key Financial Data
| Company | CMP (Rs) | MCap (Rs Cr) | PE | PB | ROE | EPS TTM | Div Yield |
|---|---|---|---|---|---|---|---|
| Shipping Corporation of India Ltd (NSE: SCI) | Rs 135.0 | 5,200 | 7.50 | 0.60 | 7.50% | 18.00 | 3.00% |
| Great Eastern Shipping Company Ltd (NSE: GESHIP) | Rs 1155.0 | 11,500 | 7.00 | 0.90 | 12.00% | 165.00 | 5.00% |
| Shreyas Shipping and Logistics Ltd (NSE: SHREYAS) | Rs 720.0 | 2,800 | 15.00 | 2.20 | 14.00% | 48.00 | 1.50% |
| SEAMEC Ltd (NSE: SEAMEC2) | Rs 990.0 | 1,200 | 18.00 | 1.80 | 9.00% | 55.00 | 1.00% |
| Mercator Ltd (NSE: MERCATOR) | Rs N/A | 600 | — | 0.40 | 2.00% | -1.00 | 0.00% |
Estimated data from publicly available sources. Verify at nseindia.com before investing.
1. Shipping Corporation of India Ltd (NSE: SCI)
Shipping Corporation of India Ltd, founded in 1961 and headquartered in Mumbai, is one of five under the radar shipping stocks in India covered in this article. It trades at Rs 135.0 with MCap Rs 5,200 Cr, PE 7.50 (industry avg 10.00), ROE 7.50%, EPS (TTM) Rs 18.00, book value Rs 225.00 and dividend yield 3.00%. Debt-to-equity ratio stands at 0.45.
All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.
2. Great Eastern Shipping Company Ltd (NSE: GESHIP)
Great Eastern Shipping Company Ltd, founded in 1948 and headquartered in Mumbai, is one of five under the radar shipping stocks in India covered in this article. It trades at Rs 1155.0 with MCap Rs 11,500 Cr, PE 7.00 (industry avg 10.00), ROE 12.00%, EPS (TTM) Rs 165.00, book value Rs 1290.00 and dividend yield 5.00%. Debt-to-equity ratio stands at 0.30.
All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.
Screen All Shipping Stocks by PE, ROE and Dividend Yield on the Univest Screener
3. Shreyas Shipping and Logistics Ltd (NSE: SHREYAS)
Shreyas Shipping and Logistics Ltd, founded in 1988 and headquartered in Mumbai, is one of five under the radar shipping stocks in India covered in this article. It trades at Rs 720.0 with MCap Rs 2,800 Cr, PE 15.00 (industry avg 10.00), ROE 14.00%, EPS (TTM) Rs 48.00, book value Rs 340.00 and dividend yield 1.50%. Debt-to-equity ratio stands at 0.35.
All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.
4. SEAMEC Ltd (NSE: SEAMEC2)
SEAMEC Ltd, founded in 1982 and headquartered in Mumbai, is one of five under the radar shipping stocks in India covered in this article. It trades at Rs 990.0 with MCap Rs 1,200 Cr, PE 18.00 (industry avg 20.00), ROE 9.00%, EPS (TTM) Rs 55.00, book value Rs 612.00 and dividend yield 1.00%. Debt-to-equity ratio stands at 0.20.
All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.
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5. Mercator Ltd (NSE: MERCATOR)
Mercator Ltd, founded in 1983 and headquartered in Mumbai, is one of five under the radar shipping stocks in India covered in this article. It trades at Rs N/A with MCap Rs 600 Cr, PE — (industry avg 10.00), ROE 2.00%, EPS (TTM) Rs -1.00, book value Rs 12.00 and dividend yield 0.00%. Debt-to-equity ratio stands at 2.50.
All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.
How to Evaluate Shipping Stocks in India
- Check PE ratio versus the sector average for under the radar shipping stocks in India; a PE discount may indicate value if earnings are stable
- Target ROE above 12% consistently over 3 years to confirm management quality in under the radar shipping stocks in India
- Verify debt-to-equity is manageable; for most under the radar shipping stocks in India a D/E below 1 is preferred
- Review dividend yield track record as a signal of free cash flow discipline
- Cross-check the latest quarterly results to ensure the fundamentals of under the radar shipping stocks in India are improving, not deteriorating
Risks of Investing in Shipping Stocks
- Liquidity risk: Some under the radar shipping stocks in India have lower trading volumes which can lead to wider bid-ask spreads and price impact on entry or exit.
- Sector cyclicality: Shipping sector earnings can swing significantly with raw material costs, demand cycles or policy changes.
- Information gap: Lower analyst coverage for under the radar shipping stocks in India means investors must rely more on primary research and company filings.
- Concentration risk: Several under the radar shipping stocks in India have significant revenue concentration in a single product, customer or geography.
- Promoter holding risk: High promoter ownership in some under the radar shipping stocks in India can mean limited free float and potential governance concerns.
Conclusion
Shipping Corporation of India Ltd, Great Eastern Shipping Company Ltd, Shreyas Shipping and Logistics Ltd, SEAMEC Ltd and Mercator Ltd are five under the radar shipping stocks in India offering varied exposure to the shipping sector. Each carries a distinct risk profile and operates in a different sub-segment. Shipping Corporation of India Ltd trades at Rs 135.0 with PE 7.50; Great Eastern Shipping Company Ltd at PE 7.00 and ROE 12.00%. This article is for educational purposes only. Consult a SEBI-registered financial advisor before investing in under the radar shipping stocks in India or any other security.
Disclaimer: Data and figures in this article are sourced from publicly available information and may or may not be accurate. Verify all data at nseindia.com or bseindia.com before investing. 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).
FAQs
Is Great Eastern Shipping a good value stock?
Ans. Great Eastern Shipping is India’s largest private shipping company with a fleet of tankers and bulk carriers. It typically trades at a significant discount to NAV when freight markets are weak, creating value opportunities. Its strong balance sheet and consistent dividend history distinguish it.
What does Shipping Corporation of India do?
Ans. Shipping Corporation of India (SCI) is a PSU that operates tankers, bulk carriers and passenger ships. As a government entity, it occasionally receives strategic oil transport mandates from PSU oil companies, providing some revenue stability.
What does SEAMEC Ltd do?
Ans. SEAMEC Ltd is a marine services company that operates saturation diving vessels and multi-support vessels used in offshore oil field maintenance and subsea construction. It serves oil companies in India and internationally.
