# Three warship manufacturing stocks to watch in India

> India's warship stocks gain focus as defence modernisation pushes for self-reliance.
- Title: Three warship manufacturing stocks to watch in India · mint
- Summary: India's warship stocks gain focus as defence modernisation pushes for self-reliance.
- Keywords: mazagon dock shipbuilders, cochin shipyard, garden reach shipbuilders and engineers, indian navy, warship manufacturing, defence modernisation, stock market, naval procurement, mint
- Source: mint — https://livemint.com/market/stock-market-news/three-warship-manufacturing-stocks-to-watch-in-india-11793980065116.html
- Author: Equitymaster
- Published: 2026-11-07T01:31:05+00:00
- Read time: 1 min
- Topics: mazagon dock shipbuilders, cochin shipyard, garden reach shipbuilders and engineers, indian navy, warship manufacturing, defence modernisation, stock market, naval procurement, money, business
## India's rising defence spending
India's rising defence spending and focus on modernising armed forces create opportunities for domestic warship manufacturers.
## Government pushes for self-reliance
With government pushing for self-reliance in defence production, growing naval procurement is directed towards Indian shipyards.
## Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders has built destroyers, submarines and corvettes since 1774, delivering 809 vessels including 34 warships.
## Mazagon Dock's Q2FY27 performance
Mazagon Dock's Q2FY27 revenue dropped to ₹ 2,446 crore from ₹ 2,929 crore, with net profit plunging 58% to ₹ 346 crore.
## Mazagon Dock's new project
Mazagon Dock will anchor a ₹ 150 bn greenfield shipbuilding cluster with 1.2 m GT capacity in Andhra Pradesh.
## Cochin Shipyard
Cochin Shipyard built India's first aircraft carrier and is constructing next-generation missile vessels for the navy.
## Cochin Shipyard's order book
Cochin Shipyard has ₹ 22,000 crore unexecuted orders and a ₹ 50 bn contract for five next-generation survey vessels.
## Garden Reach Shipbuilders
Garden Reach Shipbuilders built India's first warship in 1961 and has constructed 800 platforms including 118 warships.
## Garden Reach's recent contracts
Garden Reach signed ₹ 53,866 crore contracts for eight next-generation corvettes for the Indian Navy.
## Key takeaway

India's warship manufacturing stocks like Mazagon Dock, Cochin Shipyard and GRSE see growth opportunities amid defence modernisation but face execution risks.