{"id":334973,"date":"2026-11-02T14:53:46","date_gmt":"2026-11-02T09:23:46","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=334973"},"modified":"2026-11-02T14:53:46","modified_gmt":"2026-11-02T09:23:46","slug":"state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/","title":{"rendered":"3 State Owned Shipping Company, Printed Cartons Maker and Inland Container Depots Operator Stocks With a Strong Future Roadmap: Shipping Corporation of India, TCPL Packaging and Gateway Distriparks"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E84;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Shipping Corporation of India, TCPL Packaging and Gateway Distriparks: ROE of 11.2% to 14.9% and FY22 to FY26 revenue CAGR of 5.1% to 14.0%. Prices as of 30 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:#1F4E84;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three state shipping, carton and depot stocks to watch are Shipping Corporation of India, TCPL Packaging and Gateway Distriparks. Their return on equity ranges from 11.2% to 14.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.1% to 14.0%. Shipping Corporation of India has the highest return on equity at 14.9%, while TCPL Packaging has the fastest revenue growth at 14.0% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>State shipping, carton and depot stocks bring together companies with a visible plan for the years ahead. Shipping Corporation of India, TCPL Packaging and Gateway Distriparks cover a state owned shipping company, a printed cartons maker and an inland container depots operator.<\/p>\n<p>This list covers three state shipping, carton and depot stocks with complete current figures: Shipping Corporation of India, TCPL Packaging and Gateway Distriparks. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#What_Are_State_Shipping_Carton_and_Depot_Stocks\" title=\"What Are State Shipping, Carton and Depot Stocks?\">What Are State Shipping, Carton and Depot 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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#State_Shipping_Carton_and_Depot_Stocks_at_a_Glance\" title=\"State Shipping, Carton and Depot Stocks at a Glance\">State Shipping, Carton and Depot 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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#Why_Do_State_Shipping_Carton_and_Depot_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do State Shipping, Carton and Depot Stocks Have a Strong Roadmap in India?\">Why Do State Shipping, Carton and Depot 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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#Why_Shipping_Corporation_of_India_Features_Among_These_State_Shipping_Carton_and_Depot_Stocks\" title=\"Why Shipping Corporation of India Features Among These State Shipping, Carton and Depot Stocks\">Why Shipping Corporation of India Features Among These State Shipping, Carton and Depot Stocks<\/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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#Why_TCPL_Packaging_Features_Among_These_State_Shipping_Carton_and_Depot_Stocks\" title=\"Why TCPL Packaging Features Among These State Shipping, Carton and Depot Stocks\">Why TCPL Packaging Features Among These State Shipping, Carton and Depot Stocks<\/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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#Why_Gateway_Distriparks_Features_Among_These_State_Shipping_Carton_and_Depot_Stocks\" title=\"Why Gateway Distriparks Features Among These State Shipping, Carton and Depot Stocks\">Why Gateway Distriparks Features Among These State Shipping, Carton and Depot Stocks<\/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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#Shipping_Corporation_of_India_vs_TCPL_Packaging_vs_Gateway_Distriparks_on_Key_Financials\" title=\"Shipping Corporation of India vs TCPL Packaging vs Gateway Distriparks on Key Financials\">Shipping Corporation of India vs TCPL Packaging vs Gateway Distriparks 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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#Key_Risks_to_Check_Before_Investing_in_State_Shipping_Carton_and_Depot_Stocks\" title=\"Key Risks to Check Before Investing in State Shipping, Carton and Depot Stocks\">Key Risks to Check Before Investing in State Shipping, Carton and Depot Stocks<\/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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#Final_Thoughts_on_State_Shipping_Carton_and_Depot_Stocks\" title=\"Final Thoughts on State Shipping, Carton and Depot Stocks\">Final Thoughts on State Shipping, Carton and Depot Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#What_are_state_shipping_carton_and_depot_stocks\" title=\"What are state shipping, carton and depot stocks?\">What are state shipping, carton and depot stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#Which_state_shipping_carton_and_depot_stocks_are_covered_in_this_list\" title=\"Which state shipping, carton and depot stocks are covered in this list?\">Which state shipping, carton and depot stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#Why_do_state_shipping_carton_and_depot_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do state shipping, carton and depot stocks have a strong future roadmap in India?\">Why do state shipping, carton and depot stocks have a strong future roadmap in India?<\/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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#How_has_Shipping_Corporation_of_India_performed_financially\" title=\"How has Shipping Corporation of India performed financially?\">How has Shipping Corporation of India performed financially?<\/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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#How_has_TCPL_Packaging_performed_financially\" title=\"How has TCPL Packaging performed financially?\">How has TCPL Packaging performed financially?<\/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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#How_has_Gateway_Distriparks_performed_financially\" title=\"How has Gateway Distriparks performed financially?\">How has Gateway Distriparks performed financially?<\/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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#What_risks_should_investors_check_before_buying_state_shipping_carton_and_depot_stocks\" title=\"What risks should investors check before buying state shipping, carton and depot stocks?\">What risks should investors check before buying state shipping, carton and depot 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\/state-owned-shipping-company-printed-cartons-maker-and-inland-container-depots-operator-stocks-roadmap-ridgeline-list\/#Is_this_list_of_state_shipping_carton_and_depot_stocks_investment_advice\" title=\"Is this list of state shipping, carton and depot stocks investment advice?\">Is this list of state shipping, carton and depot stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_State_Shipping_Carton_and_Depot_Stocks\"><\/span><strong>What Are State Shipping, Carton and Depot Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>State shipping, carton and depot stocks are listed companies that operate crude and product tankers and bulk ships, make printed folding cartons and labels for consumer brands, and run inland container depots and rail linked logistics. Their earnings depend on freight demand, packaging volumes and container traffic.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"State_Shipping_Carton_and_Depot_Stocks_at_a_Glance\"><\/span><strong>State Shipping, Carton and Depot Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\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;\">P\/E<\/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;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/sci\/shipping-corporation-of-india-ltd-share-price-today\">Shipping Corporation of India<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">244.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12,840<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.29<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/tcplpack\/tcpl-packaging-ltd-share-price-today\">TCPL Packaging<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,401.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,524<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.88<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/gateway\/gateway-distriparks-ltd-share-price-today\">Gateway Distriparks<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">42.87<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,362<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">43.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.28<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Shipping Corporation of India and Gateway Distriparks trade at a P\/E below the industry P\/E, while TCPL Packaging trades above it, which reflects the growth the market already expects. Readers comparing state shipping, carton and depot stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_State_Shipping_Carton_and_Depot_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do State Shipping, Carton and Depot Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>State shipping, carton and depot stocks have a strong roadmap in India because steady energy shipments, growing packaged goods sales and rising container trade keep widening the market for these shipping, packaging and logistics companies.<\/p>\n<ul>\n<li><strong>Energy shipments.<\/strong> Tankers carry crude and fuel.<\/li>\n<li><strong>Packaged goods.<\/strong> Brands need printed cartons.<\/li>\n<li><strong>Container trade.<\/strong> Depots and rail links handle rising cargo.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Shipping_Corporation_of_India_Features_Among_These_State_Shipping_Carton_and_Depot_Stocks\"><\/span><strong>Why Shipping Corporation of India Features Among These State Shipping, Carton and Depot Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the state shipping, carton and depot stocks on this list, Shipping Corporation of India is a government-owned shipping company that operates crude oil tankers, product tankers, bulk carriers and liner vessels, and manages vessels for government agencies.<\/p>\n<p>In the June 2026 quarter, revenue grew 33.8% year on year to Rs 1,957 crore, while net profit rose 74.9% to Rs 619 crore. Revenue rose from Rs 5,099 crore in FY22 to Rs 6,227 crore in FY26, a compound annual growth rate of 5.1%.<\/p>\n<p>Net profit grew from Rs 865 crore in FY22 to Rs 1,353 crore in FY26, which works out to a compound annual growth rate of 11.8%. The company has a return on equity of 14.9%, a debt to equity ratio of 0.29 and a market capitalisation of Rs 12,840 crore. The stock trades at a P\/E of 7.9, below the industry P\/E of 8.6.<\/p>\n<p><strong>Roadmap:<\/strong> The fleet is being renewed and expanded through new vessel additions, while India&#8217;s growing oil imports and trade volumes support demand for Indian-flag tonnage. A strong balance sheet with low debt gives the company room to add ships.<\/p>\n<p><strong>What to watch:<\/strong> Keep an eye on freight rate trends in tankers and bulk shipping, which drive the earnings of the fleet.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_TCPL_Packaging_Features_Among_These_State_Shipping_Carton_and_Depot_Stocks\"><\/span><strong>Why TCPL Packaging Features Among These State Shipping, Carton and Depot Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the trade and handling shares on this list, TCPL Packaging makes printed folding cartons, laminates and labels for consumer goods, personal care and pharmaceutical customers. It is a supplier to many leading brands in India and overseas.<\/p>\n<p>The company has a return on equity of 13.6%, a debt to equity ratio of 0.88 and a market capitalisation of Rs 3,524 crore. The stock trades at a P\/E of 30.5, above the industry P\/E of 21.7.<\/p>\n<p>Revenue rose from Rs 1,089 crore in FY22 to Rs 1,836 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 46.9 crore in FY22 to Rs 97.8 crore in FY26, which works out to a compound annual growth rate of 20.2%. In the June 2026 quarter, revenue grew 15.9% year on year to Rs 495 crore, while net profit rose 79.3% to Rs 40.0 crore.<\/p>\n<p><strong>Roadmap:<\/strong> The company is investing in new plants and printing technology to serve brand owners who want quality packaging at scale. Rising packaged consumption supports steady volume growth.<\/p>\n<p><strong>What to watch:<\/strong> Follow capacity additions and the growth of export and pharmaceutical packaging.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Gateway_Distriparks_Features_Among_These_State_Shipping_Carton_and_Depot_Stocks\"><\/span><strong>Why Gateway Distriparks Features Among These State Shipping, Carton and Depot Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Gateway Distriparks operates inland container depots, container freight stations and rail-linked logistics services that connect ports with inland customers.<\/p>\n<p>Revenue rose from Rs 1,407 crore in FY22 to Rs 2,229 crore in FY26, a compound annual growth rate of 12.2%. Net profit for FY26 was Rs 259 crore, a net margin of 11.6%.<\/p>\n<p>The company has a return on equity of 11.2%, a debt to equity ratio of 0.28 and a market capitalisation of Rs 2,362 crore. The stock trades at a P\/E of 9.5, below the industry P\/E of 43.6.<\/p>\n<p><strong>Roadmap:<\/strong> The company is growing rail-based container movement and cold chain services, which benefit from trade volumes and growing use of rail for freight. Terminal networks give it reach across key trade routes.<\/p>\n<p><strong>What to watch:<\/strong> Track rail container volumes, terminal utilisation and cold chain growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shipping_Corporation_of_India_vs_TCPL_Packaging_vs_Gateway_Distriparks_on_Key_Financials\"><\/span><strong>Shipping Corporation of India vs TCPL Packaging vs Gateway Distriparks on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three state shipping, carton and depot stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\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;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Shipping Corporation of India<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,099<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,227<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,353<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">TCPL Packaging<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,089<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,836<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">97.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Gateway Distriparks<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,407<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,229<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">259<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Shipping Corporation of India posts the highest return on equity in this group at 14.9%. Shipping Corporation of India has the largest FY26 revenue at Rs 6,227 crore, and TCPL Packaging shows the fastest revenue growth with a 14.0% compound annual rate. A useful habit with state shipping, carton and depot stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_State_Shipping_Carton_and_Depot_Stocks\"><\/span><strong>Key Risks to Check Before Investing in State Shipping, Carton and Depot Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these state shipping, carton and depot stocks, the main points are: Long-term trade and handling shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Cargo volumes.<\/strong> Freight and parcel volumes follow trade and consumption.<\/li>\n<li><strong>Order timing.<\/strong> Project awards can shift between periods.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter state shipping, carton and depot stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_State_Shipping_Carton_and_Depot_Stocks\"><\/span><strong>Final Thoughts on State Shipping, Carton and Depot Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>State shipping, carton and depot stocks suit investors who prefer to study business strength before price moves. Shipping Corporation of India, TCPL Packaging and Gateway Distriparks each have a clear plan to grow. Based on the 30 October 2026 close, Shipping Corporation of India trades at Rs 244.4, TCPL Packaging at Rs 4,401.4 and Gateway Distriparks at Rs 42.87. Valuation matters as much as growth, so compare each company&#8217;s P\/E with its industry P\/E before adding any of these state shipping, carton and depot stocks to a watchlist.<\/p>\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 state shipping, carton and depot stocks, set price alerts and get research-backed stock ideas.<\/em><\/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<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_state_shipping_carton_and_depot_stocks\"><\/span><strong>What are state shipping, carton and depot stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> State shipping, carton and depot stocks are listed companies that operate crude and product tankers and bulk ships, make printed folding cartons and labels for consumer brands, and run inland container depots and rail linked logistics. Their earnings depend on freight demand, packaging volumes and container traffic. This list looks at three of them, Shipping Corporation of India, TCPL Packaging and Gateway Distriparks, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_state_shipping_carton_and_depot_stocks_are_covered_in_this_list\"><\/span><strong>Which state shipping, carton and depot stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Shipping Corporation of India, TCPL Packaging and Gateway Distriparks. Based on the 30 October 2026 close, Shipping Corporation of India traded at Rs 244.4, TCPL Packaging at Rs 4,401.4 and Gateway Distriparks at Rs 42.87. Their return on equity ranges from 11.2% to 14.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.1% to 14.0%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_state_shipping_carton_and_depot_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do state shipping, carton and depot stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> State shipping, carton and depot stocks have a strong roadmap in India because steady energy shipments, growing packaged goods sales and rising container trade keep widening the market for these shipping, packaging and logistics companies. The main drivers are as follows. Energy shipments. Tankers carry crude and fuel. Packaged goods. Brands need printed cartons. Container trade. Depots and rail links handle rising cargo. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Shipping_Corporation_of_India_performed_financially\"><\/span><strong>How has Shipping Corporation of India performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 5,099 crore in FY22 to Rs 6,227 crore in FY26, a compound annual growth rate of 5.1%. Net profit grew from Rs 865 crore in FY22 to Rs 1,353 crore in FY26, which works out to a compound annual growth rate of 11.8%. In the June 2026 quarter, revenue grew 33.8% year on year to Rs 1,957 crore, while net profit rose 74.9% to Rs 619 crore. The company has a return on equity of 14.9%, a debt to equity ratio of 0.29 and a market capitalisation of Rs 12,840 crore. The stock trades at a P\/E of 7.9, below the industry P\/E of 8.6. Looking ahead, the fleet is being renewed and expanded through new vessel additions, while India&#8217;s growing oil imports and trade volumes support demand for Indian-flag tonnage. A strong balance sheet with low debt gives the company room to add ships.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_TCPL_Packaging_performed_financially\"><\/span><strong>How has TCPL Packaging performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,089 crore in FY22 to Rs 1,836 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 46.9 crore in FY22 to Rs 97.8 crore in FY26, which works out to a compound annual growth rate of 20.2%. In the June 2026 quarter, revenue grew 15.9% year on year to Rs 495 crore, while net profit rose 79.3% to Rs 40.0 crore. The company has a return on equity of 13.6%, a debt to equity ratio of 0.88 and a market capitalisation of Rs 3,524 crore. The stock trades at a P\/E of 30.5, above the industry P\/E of 21.7. Looking ahead, the company is investing in new plants and printing technology to serve brand owners who want quality packaging at scale. Rising packaged consumption supports steady volume growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Gateway_Distriparks_performed_financially\"><\/span><strong>How has Gateway Distriparks performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,407 crore in FY22 to Rs 2,229 crore in FY26, a compound annual growth rate of 12.2%. Net profit for FY26 was Rs 259 crore, a net margin of 11.6%. The company has a return on equity of 11.2%, a debt to equity ratio of 0.28 and a market capitalisation of Rs 2,362 crore. The stock trades at a P\/E of 9.5, below the industry P\/E of 43.6. Looking ahead, the company is growing rail-based container movement and cold chain services, which benefit from trade volumes and growing use of rail for freight. Terminal networks give it reach across key trade routes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_state_shipping_carton_and_depot_stocks\"><\/span><strong>What risks should investors check before buying state shipping, carton and depot stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying state shipping, carton and depot stocks. Cargo volumes. Freight and parcel volumes follow trade and consumption. 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_state_shipping_carton_and_depot_stocks_investment_advice\"><\/span><strong>Is this list of state shipping, carton and depot stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are state shipping, carton and depot stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"State shipping, carton and depot stocks are listed companies that operate crude and product tankers and bulk ships, make printed folding cartons and labels for consumer brands, and run inland container depots and rail linked logistics. Their earnings depend on freight demand, packaging volumes and container traffic. This list looks at three of them, Shipping Corporation of India, TCPL Packaging and Gateway Distriparks, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which state shipping, carton and depot stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Shipping Corporation of India, TCPL Packaging and Gateway Distriparks. Based on the 30 October 2026 close, Shipping Corporation of India traded at Rs 244.4, TCPL Packaging at Rs 4,401.4 and Gateway Distriparks at Rs 42.87. Their return on equity ranges from 11.2% to 14.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.1% to 14.0%.\"}},{\"@type\":\"Question\",\"name\":\"Why do state shipping, carton and depot stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"State shipping, carton and depot stocks have a strong roadmap in India because steady energy shipments, growing packaged goods sales and rising container trade keep widening the market for these shipping, packaging and logistics companies. The main drivers are as follows. Energy shipments. Tankers carry crude and fuel. Packaged goods. Brands need printed cartons. Container trade. Depots and rail links handle rising cargo. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Shipping Corporation of India performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 5,099 crore in FY22 to Rs 6,227 crore in FY26, a compound annual growth rate of 5.1%. Net profit grew from Rs 865 crore in FY22 to Rs 1,353 crore in FY26, which works out to a compound annual growth rate of 11.8%. In the June 2026 quarter, revenue grew 33.8% year on year to Rs 1,957 crore, while net profit rose 74.9% to Rs 619 crore. The company has a return on equity of 14.9%, a debt to equity ratio of 0.29 and a market capitalisation of Rs 12,840 crore. The stock trades at a P\/E of 7.9, below the industry P\/E of 8.6. Looking ahead, the fleet is being renewed and expanded through new vessel additions, while India's growing oil imports and trade volumes support demand for Indian-flag tonnage. A strong balance sheet with low debt gives the company room to add ships.\"}},{\"@type\":\"Question\",\"name\":\"How has TCPL Packaging performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 1,089 crore in FY22 to Rs 1,836 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 46.9 crore in FY22 to Rs 97.8 crore in FY26, which works out to a compound annual growth rate of 20.2%. In the June 2026 quarter, revenue grew 15.9% year on year to Rs 495 crore, while net profit rose 79.3% to Rs 40.0 crore. The company has a return on equity of 13.6%, a debt to equity ratio of 0.88 and a market capitalisation of Rs 3,524 crore. The stock trades at a P\/E of 30.5, above the industry P\/E of 21.7. Looking ahead, the company is investing in new plants and printing technology to serve brand owners who want quality packaging at scale. Rising packaged consumption supports steady volume growth.\"}},{\"@type\":\"Question\",\"name\":\"How has Gateway Distriparks performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 1,407 crore in FY22 to Rs 2,229 crore in FY26, a compound annual growth rate of 12.2%. Net profit for FY26 was Rs 259 crore, a net margin of 11.6%. The company has a return on equity of 11.2%, a debt to equity ratio of 0.28 and a market capitalisation of Rs 2,362 crore. The stock trades at a P\/E of 9.5, below the industry P\/E of 43.6. Looking ahead, the company is growing rail-based container movement and cold chain services, which benefit from trade volumes and growing use of rail for freight. Terminal networks give it reach across key trade routes.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying state shipping, carton and depot stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying state shipping, carton and depot stocks. Cargo volumes. Freight and parcel volumes follow trade and consumption. 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.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of state shipping, carton and depot stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>State Shipping, Carton and Depot Stocks with a strong future roadmap: Shipping Corporation of India, TCPL Packaging and Gateway Distriparks. Compare price, valuation, return on equity and revenue growth as of 30 October 2026.<\/p>\n","protected":false},"author":35,"featured_media":334972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,19224,6987,19226,8058,19223,11305,19225],"class_list":["post-334973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-carton-and-depot-stocks","tag-gateway-distriparks","tag-shipping-and-logistics-stocks","tag-shipping-corporation-of-india","tag-state-shipping","tag-tcpl-packaging","tag-trade-and-handling-shares"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["334972"],"rank_math_title":["State Shipping, Carton Maker and Container Depot Stocks"],"rank_math_description":["Compare 3 state shipping, carton and depot stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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