
3 Crude and Product Tanker Shipping Company, Specialty Chemicals Maker and Utility Vehicles Maker Stocks With a Strong Future Roadmap: Great Eastern Shipping, Rossari Biotech and Force Motors
Great Eastern Shipping, Rossari Biotech and Force Motors: ROE of 10.8% to 25.2% and FY22 to FY26 revenue CAGR of 12.8% to 29.2%. Prices as of 5 Nov 2026.
Updated: 6 Nov 2026 • 10:41 am
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Quick Answer
The three shipping, chemical and utility vehicle stocks to watch are Great Eastern Shipping, Rossari Biotech and Force Motors. Their return on equity ranges from 10.8% to 25.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.8% to 29.2%. Force Motors leads on both return on equity at 25.2% and revenue growth at 29.2% a year. Prices are based on the 5 November 2026 close, and this article is educational, not investment advice.
Shipping, chemical and utility vehicle stocks offer a focused view of a sector where demand keeps widening. Great Eastern Shipping, Rossari Biotech and Force Motors cover a tanker and bulk shipping company, a specialty chemicals maker and a utility vehicles maker.
This list covers three shipping, chemical and utility vehicle stocks with complete current figures: Great Eastern Shipping, Rossari Biotech and Force Motors. Every figure comes from the latest reported financials and the 5 November 2026 market close. Companies without complete current figures were left out.
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What Are Shipping, Chemical and Utility Vehicle Stocks?
Shipping, chemical and utility vehicle stocks are listed companies that move crude oil, fuel and dry cargo by sea, make specialty chemicals for home care, textiles and animal nutrition, and build vans, traveller buses and off road vehicles. Their earnings depend on freight demand, chemical consumption and vehicle sales.
Shipping, Chemical and Utility Vehicle Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Great Eastern Shipping | 1,460 | 21,649 | 5.8 | 8.6 | 17.4 | 0.06 |
| Rossari Biotech | 421.4 | 2,363 | 15.5 | 33.9 | 10.8 | 0.28 |
| Force Motors | 18,382 | 23,296 | 18.6 | 24.1 | 25.2 | 0.00 |
On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing shipping, chemical and utility vehicle stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Shipping, Chemical and Utility Vehicle Stocks Have a Strong Roadmap in India?
Shipping, chemical and utility vehicle stocks have a strong roadmap in India because growing trade in energy and commodities, rising use of specialty chemicals in daily products and steady demand for utility and passenger vans keep widening the market for these companies.
- Shipping. Global trade moves by sea.
- Specialty chemicals. Cleaning and textile products need formulations.
- Utility vehicles. Cities and businesses need vans and buses.
Why Great Eastern Shipping Features Among These Shipping, Chemical and Utility Vehicle Stocks
Among the shipping, chemical and utility vehicle stocks on this list, The Great Eastern Shipping Company is one of India's largest private shipping companies, operating a fleet of crude tankers, product tankers, gas carriers and dry bulk vessels, and holding offshore assets through a subsidiary.
Revenue rose from Rs 3,669 crore in FY22 to Rs 6,312 crore in FY26, a compound annual growth rate of 14.5%. Net profit grew from Rs 630 crore in FY22 to Rs 2,943 crore in FY26, which works out to a compound annual growth rate of 47.0%.
The company has a return on equity of 17.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 21,649 crore. The stock trades at a P/E of 5.8, below the industry P/E of 8.6.
Roadmap: The company follows a disciplined cycle of buying and selling vessels, which lets it add capacity at attractive prices and book gains from older ships. Low debt and strong cash generation support fleet renewal and regular dividends.
What to watch: Track tanker and dry bulk freight rates and second-hand vessel prices, which shape both earnings and asset values.
Why Rossari Biotech Features Among These Shipping, Chemical and Utility Vehicle Stocks
Among the sea freight, home care chemical and auto shares on this list, Rossari Biotech makes specialty chemicals for home, personal and performance applications, including textile chemicals, animal health and nutrition products and ingredients for fast-moving consumer goods.
Revenue rose from Rs 1,495 crore in FY22 to Rs 2,419 crore in FY26, a compound annual growth rate of 12.8%. Net profit grew from Rs 97.7 crore in FY22 to Rs 149 crore in FY26, which works out to a compound annual growth rate of 11.2%.
The company has a return on equity of 10.8%, a debt to equity ratio of 0.28 and a market capitalisation of Rs 2,363 crore. The stock trades at a P/E of 15.5, below the industry P/E of 33.9.
Roadmap: The company is broadening its range across home and personal care, animal nutrition and performance chemicals. Cross-selling to existing customers helps add volume.
What to watch: Track new product additions, customer wins and margin trends.
Why Force Motors Features Among These Shipping, Chemical and Utility Vehicle Stocks
Among the three companies on this list, Force Motors, based in Pune, makes light commercial vehicles such as the Traveller and Gurkha, and supplies engines and axles to global carmakers.
The company has a return on equity of 25.2%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 23,296 crore. The stock trades at a P/E of 18.6, below the industry P/E of 24.1.
Revenue rose from Rs 3,292 crore in FY22 to Rs 9,168 crore in FY26, a compound annual growth rate of 29.2%. Net profit grew from Rs 801 crore in FY25 to Rs 1,212 crore in FY26, a rise of 51.3%. In the June 2026 quarter, revenue grew 6.7% year on year to Rs 2,478 crore, while net profit rose 22.8% to Rs 217 crore.
Roadmap: Its traveller and ambulance range, defence vehicle supply and contract manufacturing for international partners give it several growth routes. It has no debt on its books, which leaves room for investment in new models.
What to watch: Track order flow from state transport and defence customers.
Great Eastern Shipping vs Rossari Biotech vs Force Motors on Key Financials
The table below sets the three shipping, chemical and utility vehicle 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 |
|---|---|---|---|---|---|
| Great Eastern Shipping | 3,669 | 6,312 | 14.5% | 2,943 | 46.6% |
| Rossari Biotech | 1,495 | 2,419 | 12.8% | 149 | 6.2% |
| Force Motors | 3,292 | 9,168 | 29.2% | 1,212 | 13.2% |
Force Motors posts the highest return on equity in this group at 25.2%. Force Motors combines the largest FY26 revenue at Rs 9,168 crore with the fastest revenue growth, a 29.2% compound annual rate. A useful habit with shipping, chemical and utility vehicle stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Shipping, Chemical and Utility Vehicle Stocks
Every theme carries risks that deserve a check before any decision. For these shipping, chemical and utility vehicle stocks, the main points are: Long-term sea freight, home care chemical and auto shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Cargo volumes. Freight and parcel volumes follow trade and consumption.
- Raw material and energy costs. Input prices can move margins in chemicals.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
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 shipping, chemical and utility vehicle stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Shipping, Chemical and Utility Vehicle Stocks
Shipping, chemical and utility vehicle stocks reward patient research into demand, execution and financial strength. Great Eastern Shipping, Rossari Biotech and Force Motors each have a clear plan to grow. Based on the 5 November 2026 close, Great Eastern Shipping trades at Rs 1,460, Rossari Biotech at Rs 421.4 and Force Motors at Rs 18,382.
Download the Univest iOS App or Univest Android App to track shipping, chemical and utility vehicle stocks, set price alerts and get research-backed stock ideas.
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 shipping, chemical and utility vehicle stocks?
Ans. Shipping, chemical and utility vehicle stocks are listed companies that move crude oil, fuel and dry cargo by sea, make specialty chemicals for home care, textiles and animal nutrition, and build vans, traveller buses and off road vehicles. Their earnings depend on freight demand, chemical consumption and vehicle sales. This list looks at three of them, Great Eastern Shipping, Rossari Biotech and Force Motors, using reported FY22 to FY26 financials and the 5 November 2026 closing prices.
Which shipping, chemical and utility vehicle stocks are covered in this list?
Ans. This list covers Great Eastern Shipping, Rossari Biotech and Force Motors. Based on the 5 November 2026 close, Great Eastern Shipping traded at Rs 1,460, Rossari Biotech at Rs 421.4 and Force Motors at Rs 18,382. Their return on equity ranges from 10.8% to 25.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.8% to 29.2%.
Why do shipping, chemical and utility vehicle stocks have a strong future roadmap in India?
Ans. Shipping, chemical and utility vehicle stocks have a strong roadmap in India because growing trade in energy and commodities, rising use of specialty chemicals in daily products and steady demand for utility and passenger vans keep widening the market for these companies. The main drivers are as follows. Shipping. Global trade moves by sea. Specialty chemicals. Cleaning and textile products need formulations. Utility vehicles. Cities and businesses need vans and buses. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Great Eastern Shipping performed financially?
Ans. Revenue rose from Rs 3,669 crore in FY22 to Rs 6,312 crore in FY26, a compound annual growth rate of 14.5%. Net profit grew from Rs 630 crore in FY22 to Rs 2,943 crore in FY26, which works out to a compound annual growth rate of 47.0%. The company has a return on equity of 17.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 21,649 crore. The stock trades at a P/E of 5.8, below the industry P/E of 8.6. Looking ahead, the company follows a disciplined cycle of buying and selling vessels, which lets it add capacity at attractive prices and book gains from older ships. Low debt and strong cash generation support fleet renewal and regular dividends.
How has Rossari Biotech performed financially?
Ans. Revenue rose from Rs 1,495 crore in FY22 to Rs 2,419 crore in FY26, a compound annual growth rate of 12.8%. Net profit grew from Rs 97.7 crore in FY22 to Rs 149 crore in FY26, which works out to a compound annual growth rate of 11.2%. The company has a return on equity of 10.8%, a debt to equity ratio of 0.28 and a market capitalisation of Rs 2,363 crore. The stock trades at a P/E of 15.5, below the industry P/E of 33.9. Looking ahead, the company is broadening its range across home and personal care, animal nutrition and performance chemicals. Cross-selling to existing customers helps add volume.
How has Force Motors performed financially?
Ans. Revenue rose from Rs 3,292 crore in FY22 to Rs 9,168 crore in FY26, a compound annual growth rate of 29.2%. Net profit grew from Rs 801 crore in FY25 to Rs 1,212 crore in FY26, a rise of 51.3%. In the June 2026 quarter, revenue grew 6.7% year on year to Rs 2,478 crore, while net profit rose 22.8% to Rs 217 crore. The company has a return on equity of 25.2%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 23,296 crore. The stock trades at a P/E of 18.6, below the industry P/E of 24.1. Looking ahead, its traveller and ambulance range, defence vehicle supply and contract manufacturing for international partners give it several growth routes. It has no debt on its books, which leaves room for investment in new models.
What risks should investors check before buying shipping, chemical and utility vehicle stocks?
Ans. Investors should check a few risks before buying shipping, chemical and utility vehicle stocks. Cargo volumes. Freight and parcel volumes follow trade and consumption. Raw material and energy costs. Input prices can move margins in chemicals. 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.
Is this list of shipping, chemical and utility vehicle stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 5 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.
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