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Three warship manufacturing stocks to watch in India
India's warship stocks gain focus as defence modernisation pushes for self-reliance.
In brief
India's warship stocks gain focus as defence modernisation pushes for self-reliance. India's warship manufacturing stocks like Mazagon Dock, Cochin Shipyard and GRSE see growth opportunities amid defence modernisation but face execution risks. Originally reported by mint.
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.
The big picture
India's warship manufacturing stocks like Mazagon Dock, Cochin Shipyard and GRSE see growth opportunities amid defence modernisation but face execution risks.
