{"id":312541,"date":"2026-10-16T10:14:44","date_gmt":"2026-10-16T04:44:44","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=312541"},"modified":"2026-10-16T10:14:44","modified_gmt":"2026-10-16T04:44:44","slug":"piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/","title":{"rendered":"3 Piped Gas Utility, Power Project Lender and Ship Repair Stocks With a Strong Future Roadmap: Adani Total Gas, REC Limited and Cochin Shipyard"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Adani Total Gas Rs 576.80. REC Rs 309.75, P\/E 4.82. Cochin Shipyard Rs 1,254.00, P\/E 46.50. Closing prices of 14 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Piped gas utility, power project lender and ship repair stocks with the clearest long-term roadmaps today include Adani Total Gas in city gas distribution licences across many cities, along with CNG stations, industrial supply and EV charging, REC in financing for power and infrastructure projects across generation, transmission and distribution and Cochin Shipyard in shipbuilding and ship repair for the navy, commercial owners and green vessels. FY26 revenue growth was 17.9% at Adani Total Gas, 5.7% at REC and 4.3% at Cochin Shipyard. P\/E stands at 4.82 for REC (industry 17.72) and 46.50 for Cochin Shipyard (industry 48.37). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Piped gas utility, power project lender and ship repair stocks give investors exposure to gas supply, project funding and ships for the energy and defence sectors. Order flow, gas volumes and execution decide how much of that demand turns into profit.<\/p>\n<p>This list covers three piped gas utility, power project lender and ship repair stocks: Adani Total Gas for city gas distribution licences across many cities, along with CNG stations, industrial supply and EV charging, REC Limited for financing for power and infrastructure projects across generation, transmission and distribution and Cochin Shipyard for shipbuilding and ship repair for the navy, commercial owners and green vessels. Every figure comes from the latest reported financials and the 14 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#What_Are_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks\" title=\"What Are Piped Gas Utility, Power Project Lender and Ship Repair Stocks?\">What Are Piped Gas Utility, Power Project Lender and Ship Repair Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks_at_a_Glance\" title=\"Piped Gas Utility, Power Project Lender and Ship Repair Stocks at a Glance\">Piped Gas Utility, Power Project Lender and Ship Repair Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#Why_Do_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Piped Gas Utility, Power Project Lender and Ship Repair Stocks Have a Strong Roadmap in India?\">Why Do Piped Gas Utility, Power Project Lender and Ship Repair Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#Adani_Total_Gas_Multi-City_Gas_Licences_Build_the_Next_Leg\" title=\"Adani Total Gas: Multi-City Gas Licences Build the Next Leg\">Adani Total Gas: Multi-City Gas Licences Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#REC_Limited_Power_Sector_Financing_Anchors_the_Roadmap\" title=\"REC Limited: Power Sector Financing Anchors the Roadmap\">REC Limited: Power Sector Financing Anchors the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#Cochin_Shipyard_Shipbuilding_and_Ship_Repair_Anchor_the_Roadmap\" title=\"Cochin Shipyard: Shipbuilding and Ship Repair Anchor the Roadmap\">Cochin Shipyard: Shipbuilding and Ship Repair Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#Best_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks_in_India_Adani_Total_Gas_vs_REC_vs_Cochin_Shipyard_on_Key_Financials\" title=\"Best Piped Gas Utility, Power Project Lender and Ship Repair Stocks in India: Adani Total Gas vs REC vs Cochin Shipyard on Key Financials\">Best Piped Gas Utility, Power Project Lender and Ship Repair Stocks in India: Adani Total Gas vs REC vs Cochin Shipyard on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#How_to_Evaluate_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Piped Gas Utility, Power Project Lender and Ship Repair Stocks to Buy Before You Invest\">How to Evaluate Piped Gas Utility, Power Project Lender and Ship Repair Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#Risks_to_Consider_Before_Investing_in_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks\" title=\"Risks to Consider Before Investing in Piped Gas Utility, Power Project Lender and Ship Repair Stocks\">Risks to Consider Before Investing in Piped Gas Utility, Power Project Lender and Ship Repair Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#FAQs_on_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks\" title=\"FAQs on Piped Gas Utility, Power Project Lender and Ship Repair Stocks\">FAQs on Piped Gas Utility, Power Project Lender and Ship Repair Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#Which_are_the_best_piped_gas_utility_power_project_lender_and_ship_repair_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best piped gas utility, power project lender and ship repair stocks in India with a strong roadmap?\">Which are the best piped gas utility, power project lender and ship repair stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#Is_REC_Limited_a_good_stock_to_buy_now\" title=\"Is REC Limited a good stock to buy now?\">Is REC Limited a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#What_is_the_PE_ratio_of_Adani_Total_Gas_REC_and_Cochin_Shipyard\" title=\"What is the P\/E ratio of Adani Total Gas, REC and Cochin Shipyard?\">What is the P\/E ratio of Adani Total Gas, REC and Cochin Shipyard?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#Which_of_these_piped_gas_utility_power_project_lender_and_ship_repair_stocks_has_the_highest_return_on_equity\" title=\"Which of these piped gas utility, power project lender and ship repair stocks has the highest return on equity?\">Which of these piped gas utility, power project lender and ship repair stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#What_are_the_risks_of_investing_in_piped_gas_utility_power_project_lender_and_ship_repair_stocks\" title=\"What are the risks of investing in piped gas utility, power project lender and ship repair stocks?\">What are the risks of investing in piped gas utility, power project lender and ship repair stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#How_did_Adani_Total_Gas_REC_and_Cochin_Shipyard_perform_in_Q1_FY27\" title=\"How did Adani Total Gas, REC and Cochin Shipyard perform in Q1 FY27?\">How did Adani Total Gas, REC and Cochin Shipyard perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#Do_piped_gas_utility_power_project_lender_and_ship_repair_stocks_pay_dividends\" title=\"Do piped gas utility, power project lender and ship repair stocks pay dividends?\">Do piped gas utility, power project lender and ship repair stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/piped-gas-utility-power-project-lender-and-ship-repair-stocks-roadmap-gateway-list\/#How_can_I_invest_in_piped_gas_utility_power_project_lender_and_ship_repair_stocks_in_India\" title=\"How can I invest in piped gas utility, power project lender and ship repair stocks in India?\">How can I invest in piped gas utility, power project lender and ship repair stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks\"><\/span><strong>What Are Piped Gas Utility, Power Project Lender and Ship Repair Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Piped gas utility, power project lender and ship repair stocks are shares of companies that supply gas, fund power projects or build equipment. Results depend on order flow, gas volumes and execution, so execution and margins separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks_at_a_Glance\"><\/span><strong>Piped Gas Utility, Power Project Lender and Ship Repair Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three piped gas utility, power project lender and ship repair stocks as of the 14 Oct 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/atgl\/adani-gas-ltd-share-price-today\">Adani Total Gas<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">576.80<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">61,804<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.54<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.48%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.46<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/recltd\/rec-ltd-share-price-today\">REC Limited<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">309.75<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">77,364<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.17%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.05<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/cochinship\/cochin-shipyard-ltd-share-price-today\">Cochin Shipyard<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,254.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31,622<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48.37<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.20%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.28<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among energy and engineering stocks, both trade at a discount to their industry P\/E multiples.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Piped Gas Utility, Power Project Lender and Ship Repair Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Piped gas utility, power project lender and ship repair stocks have a strong roadmap in India because cleaner fuel adoption, power capacity additions and new vessel orders keep adding business for these firms. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Cleaner fuel:<\/strong> More vehicles and homes switch to CNG and piped gas.<\/li>\n<li><strong>Power capacity:<\/strong> New generation and grid projects need funding.<\/li>\n<li><strong>Ship orders:<\/strong> Navy and commercial owners place new vessel orders.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Adani_Total_Gas_Multi-City_Gas_Licences_Build_the_Next_Leg\"><\/span><strong>Adani Total Gas: Multi-City Gas Licences Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Adani Total Gas&#8217; roadmap rests on city gas distribution licences across many cities, along with CNG stations, industrial supply and EV charging, with new geographical areas and a wider station network supporting volumes.<\/p>\n<p>Revenue grew from Rs 3,079.31 crore in FY22 to Rs 5,932.28 crore in FY26, a 92.6% rise, and FY26 revenue was 17.9% higher than FY25. FY26 net profit was Rs 655.72 crore. In Q1 FY27, revenue grew 27.4% to Rs 1,919.77 crore. Operating margin was 19.57% in FY26.<\/p>\n<p>Debt to equity is 0.46 and return on equity is 13.48%. FY26 operating cash flow was Rs 1,148.66 crore against capital expenditure of Rs 987.83 crore. Adani Total Gas paid a dividend of Rs 0.25 per share for FY26, a yield of 0.04%.<\/p>\n<p>What to watch: Return on equity of 13.48% is the figure to follow as growth continues.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"REC_Limited_Power_Sector_Financing_Anchors_the_Roadmap\"><\/span><strong>REC Limited: Power Sector Financing Anchors the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>REC&#8217;s roadmap rests on financing for power and infrastructure projects across generation, transmission and distribution, with the build-out of the power grid supporting loan demand.<\/p>\n<p>Revenue grew from Rs 39,339.20 crore in FY22 to Rs 59,628.35 crore in FY26, a 51.6% rise, and FY26 revenue was 5.7% higher than FY25. FY26 net profit rose 2.7% to Rs 16,308.17 crore. Over four years, net profit rose from Rs 10,035.70 crore in FY22 to Rs 16,308.17 crore.<\/p>\n<p>Debt to equity is 6.05 and return on equity is 19.17%. At a P\/E of 4.82 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 4.82 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cochin_Shipyard_Shipbuilding_and_Ship_Repair_Anchor_the_Roadmap\"><\/span><strong>Cochin Shipyard: Shipbuilding and Ship Repair Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cochin Shipyard&#8217;s roadmap rests on shipbuilding and ship repair for the navy, commercial owners and green vessels, with a large order book and a planned ship-repair expansion supporting visibility.<\/p>\n<p>Revenue grew from Rs 3,453.76 crore in FY22 to Rs 5,431.69 crore in FY26, a 57.3% rise, and FY26 revenue was 4.3% higher than FY25. FY26 net profit was Rs 716.74 crore. In Q1 FY27, revenue grew 3.4% to Rs 1,161.25 crore. Operating margin was 24.69% in FY26.<\/p>\n<p>Debt to equity is 0.28 and return on equity is 12.20%. Cochin Shipyard paid a dividend of Rs 9 per share for FY26, a yield of 0.75%. At a P\/E of 46.50 against an industry P\/E of 48.37, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 46.50 against an industry P\/E of 48.37 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks_in_India_Adani_Total_Gas_vs_REC_vs_Cochin_Shipyard_on_Key_Financials\"><\/span><strong>Best Piped Gas Utility, Power Project Lender and Ship Repair Stocks in India: Adani Total Gas vs REC vs Cochin Shipyard on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best piped gas utility, power project lender and ship repair stocks in India, Adani Total Gas leads on FY26 revenue growth; REC leads on return on equity; Cochin Shipyard leads on the lowest debt to equity. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Adani Total Gas<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">REC<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Cochin Shipyard<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,932.28<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">59,628.35<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,431.69<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">655.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16,308.17<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">716.74<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.48%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.17%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.20%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.46<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.05<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.28<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Energy and engineering earnings follow order flow, gas volumes and execution, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Piped Gas Utility, Power Project Lender and Ship Repair Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen piped gas utility, power project lender and ship repair stocks and shortlist piped gas utility, power project lender and ship repair stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check operating margin, debt and cash flow together.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read loan growth against funding costs to see how growth is financed.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these piped gas utility, power project lender and ship repair stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks\"><\/span><strong>Risks to Consider Before Investing in Piped Gas Utility, Power Project Lender and Ship Repair Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Order timing:<\/strong> Delays in customer projects can shift revenue between quarters.<\/li>\n<li><strong>Government spending:<\/strong> Changes in public budgets can affect orders.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Adani Total Gas, REC and Cochin Shipyard live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three energy and engineering stocks cover piped gas, power project loans and ship repair. Adani Total Gas leads on FY26 revenue growth; REC leads on return on equity; Cochin Shipyard leads on the lowest debt to equity.<\/p>\n<p>Across piped gas utility, power project lender and ship repair stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the piped gas utility, power project lender and ship repair stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Piped_Gas_Utility_Power_Project_Lender_and_Ship_Repair_Stocks\"><\/span><strong>FAQs on Piped Gas Utility, Power Project Lender and Ship Repair Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_piped_gas_utility_power_project_lender_and_ship_repair_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best piped gas utility, power project lender and ship repair stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Adani Total Gas, REC Limited and Cochin Shipyard stand out for their roadmaps in piped gas, power project loans and ship repair. FY26 revenue growth was 17.9% at Adani Total Gas, 5.7% at REC and 4.3% at Cochin Shipyard, and return on equity ranges from 12.20% to 19.17%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_REC_Limited_a_good_stock_to_buy_now\"><\/span><strong>Is REC Limited a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> REC Limited has a debt to equity ratio of 6.05, a return on equity of 19.17% and a P\/E of 4.82 against an industry P\/E of 17.72. Valuation, order flow and execution move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Adani_Total_Gas_REC_and_Cochin_Shipyard\"><\/span><strong>What is the P\/E ratio of Adani Total Gas, REC and Cochin Shipyard?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 4.82 for REC (industry 17.72) and 46.50 for Cochin Shipyard (industry 48.37). All of them trade below the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_piped_gas_utility_power_project_lender_and_ship_repair_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these piped gas utility, power project lender and ship repair stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> REC Limited has the highest return on equity at 19.17%, followed by Adani Total Gas at 13.48% and Cochin Shipyard at 12.20%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_piped_gas_utility_power_project_lender_and_ship_repair_stocks\"><\/span><strong>What are the risks of investing in piped gas utility, power project lender and ship repair stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are order timing, government spending and quarterly trends. Delays in customer projects can shift revenue between quarters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Adani_Total_Gas_REC_and_Cochin_Shipyard_perform_in_Q1_FY27\"><\/span><strong>How did Adani Total Gas, REC and Cochin Shipyard perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Adani Total Gas reported revenue of Rs 1,919.77 crore, up 27.4% year on year. REC Limited reported . Cochin Shipyard reported revenue of Rs 1,161.25 crore, up 3.4% year on year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_piped_gas_utility_power_project_lender_and_ship_repair_stocks_pay_dividends\"><\/span><strong>Do piped gas utility, power project lender and ship repair stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Adani Total Gas and Cochin Shipyard pay dividends. The dividend yield is 0.04% for Adani Total Gas and 0.75% for Cochin Shipyard, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_piped_gas_utility_power_project_lender_and_ship_repair_stocks_in_India\"><\/span><strong>How can I invest in piped gas utility, power project lender and ship repair stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy piped gas utility, power project lender and ship repair stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best piped gas utility, power project lender and ship repair stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Adani Total Gas, REC Limited and Cochin Shipyard stand out for their roadmaps in piped gas, power project loans and ship repair. FY26 revenue growth was 17.9% at Adani Total Gas, 5.7% at REC and 4.3% at Cochin Shipyard, and return on equity ranges from 12.20% to 19.17%.\"}},{\"@type\":\"Question\",\"name\":\"Is REC Limited a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"REC Limited has a debt to equity ratio of 6.05, a return on equity of 19.17% and a P\/E of 4.82 against an industry P\/E of 17.72. 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Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Adani Total Gas, REC Limited and Cochin Shipyard compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":34,"featured_media":312540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[6178,3975,12655,12656,12657,11236],"class_list":["post-312541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-adani-total-gas","tag-cochin-shipyard","tag-piped-gas-utility","tag-power-project-lender-and-ship-repair-stocks","tag-power-project-lender-and-ship-repair-stocks-to-buy","tag-rec-limited"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["312540"],"rank_math_title":["Piped Gas, Power Project Lender and Ship Repair Stocks"],"rank_math_description":["Piped gas utility, power project lender and ship repair stocks with a strong roadmap compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["piped gas utility, power project lender and ship repair stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-piped-gas-utility-power-project-lender-and-ship-repair-stocks-with-a-strong.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/312541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=312541"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/312541\/revisions"}],"predecessor-version":[{"id":312542,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/312541\/revisions\/312542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/312540"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=312541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=312541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=312541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}