Overview

Detailed Summary

Garden Reach Shipbuilders & Engineers Limited is a government‑owned Indian shipbuilder that primarily constructs warships and support vessels for the Indian Navy and Coast Guard while also delivering commercial vessels, exports, marine engines, portable steel bridges, deck machinery and ship repair from multiple Kolkata facilities and a Diesel Engine Plant.
Q3 FY26 execution was robust: revenue from operations rose 49% year‑on‑year to ₹1,896 crore while PAT increased 74% to ₹171 crore, and nine‑month revenues of ₹4,883 crore are nearly equivalent to FY25 full‑year revenue, signalling markedly improved throughput and margin conversion driven by frequent deliveries and higher physical progress.
Order‑book dynamics are a key positive: GRSE reported a ₹18,482 crore order book comprising 42 platforms and has been declared L1 for the Next Generation Corvette (≈₹33,000 crore) with contract negotiations nearing completion, creating the prospect of a step‑change in backlog and multi‑year revenue visibility if signed this financial year.
GRSE is actively expanding capacity and footprint: concurrent construction capability has been raised from 24 to 28 platforms and management targets 32–36 by year‑end via brownfield modernization, while greenfield/brownfield projects in Gujarat and further brownfield sites in Kolkata are planned to add large‑ship capability over three to five years.
Government policy tailwinds strengthen GRSE’s outlook: Indian shipbuilding incentive packages totalling around ₹69,725 crore, including production subsidies, shipbreaking credit notes and maritime development funds, plus DAP 2026 emphasis on indigenization, give GRSE substantial policy support to accelerate both defense and commercial order conversion and domestic supplier development.

Sector: Aerospace & Defence
Industry: Ship - Breaking / Repairing
Market Cap: 27,173 Cr
Volatility: High Risk
P/E Ratio: 39.4
Industry P/E: 40.6
PEG Ratio: 2.3
P/B Ratio: 11.8
52W High: 3,535.00
52W Low: 1,180.10

Sales CAGR

1Y: 41.28%
3Y: 42.49%
5Y: 28.78%
10Y: 13.21%

Profit CAGR

1Y: 47.62%
3Y: 40.66%
5Y: 26.40%
10Y: 14.01%

ROE

TTM: 26.85%
3Y: 21.54%
5Y: 19.25%
10Y: 15.50%

ROCE

TTM: 36.26%
3Y: 27.42%
5Y: 24.36%
10Y: 20.39%

Technicals

‌

Forecasts

Unlock Premium Features

Analyst Target, Price, EPS and Revenue Projections

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
COCHINSHIP	1449.10	38,123 Cr	52.41	6.69	0.67	13.33	15.76	5.10
GRSE	2372.15	27,173 Cr	39.44	11.84	0.58	26.85	36.26	6.27
SWANDEF	1808.00	9,466 Cr	-89.46	38.64	0.00	-51.80	-4.10	-3.66
KMEW	1639.80	4,024 Cr	60.80	7.89	0.00	20.56	19.05	15.36
LAXMIPATI	250.00	144 Cr	22.12	16.77	0.00	81.10	38.74	11.95
HRYNSHP	110.95	67 Cr	6.70	0.45	0.00	2.54	4.39	6.05
VMS	24.39	59 Cr	25.34	0.61	0.00	6.59	8.09	3.57

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

Ask AI

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	898	923	1,016	1,010	1,153	1,271	1,642	1,310	1,677	1,896
Expenses	849	874	925	953	1,084	1,196	1,421	1,198	1,521	1,724
Operating Profit	49	49	91	56	69	75	221	112	156	172
OPM %	5.43	5.28	8.92	5.57	5.96	5.92	13.46	8.54	9.31	9.07
Other Income	72	82	76	74	75	72	114	73	69	62
Interest	2.48	1.13	3.26	4.24	2.41	2.31	1.36	6.09	3.62	3.79
Depreciation	10	10	10	10	11	11	10	12	12	12
Profit Before Tax	107	119	153	115	131	134	324	167	209	218
Tax %	24.89	25.63	26.97	24.47	25.10	26.60	24.51	27.92	26.54	21.58
Net Profit	81	88	112	87	98	98	244	120	154	171
EPS in Rs	7.05	7.70	9.74	7.61	8.54	8.57	21.32	10.49	13.43	14.91

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	930	1,350	1,386	1,433	1,141	1,754	2,561	3,593	5,076	5,376
Expenses	1,102	1,363	1,344	1,393	1,069	1,614	2,412	3,359	4,654	4,899
Operating Profit	-172	-13	42	40	72	141	149	234	421	477
OPM %	-18.45	-0.96	3.04	2.82	6.30	8.02	5.82	6.52	8.30	8.87
Other Income	236	179	169	215	165	154	202	300	335	334
Interest	9.12	7.69	5.11	1.34	0.68	1.43	6.48	11	10	12
Depreciation	27	29	27	30	29	36	39	41	42	44
Profit Before Tax	21	128	179	224	207	257	305	481	703	755
Tax %	41.43	27.67	38.57	26.98	25.90	26.32	25.26	25.71	25.01	25.73
Net Profit	12	92	110	163	153	190	228	357	527	560
EPS in Rs	—	—	8.87	14.27	13.39	16.54	19.92	31.18	46.04	60.15
Dividend Payout %	441.90	58.29	72.40	50.04	37.31	35.05	31.14	30.01	30.08	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	124	124	115	115	115	115	115	115	115	115
Reserves	1,010	958	907	924	926	1,023	1,143	1,299	1,559	1,965
Borrowings	0.00	25	0.00	0.00	0.00	3.69	11	312	66	9.67
Other Liabilities	3,317	3,458	3,297	3,152	4,344	5,642	6,363	9,050	8,513	8,265
Total Liabilities	4,451	4,565	4,319	4,190	5,384	6,783	7,632	10,776	10,252	10,354
Fixed Assets	344	358	389	302	304	340	501	508	493	515
CWIP	22	23	16	34	52	151	9.66	6.04	25	28
Investments	0.00	0.00	0.00	1.83	54	826	197	234	0.00	0.00
Other Assets	4,086	4,183	3,914	3,852	4,975	5,466	6,925	10,029	9,735	9,811
Total Assets	4,451	4,565	4,319	4,190	5,384	6,783	7,632	10,776	10,252	10,354

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	423	-200	-74	-112	628	515	-356	1,450	-707	16
Cash from Investing Activity	-483	227	267	198	245	-1,173	429	-1,666	1,056	170
Cash from Financing Activity	-30	-41	-193	-89	-153	-62	-72	220	-358	-187
Net Cash Flow	-90	-14	0.04	-2.62	720	-720	0.39	4.27	-8.72	-1.39

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	74.50%	74.50%	74.50%	74.50%	74.50%	74.50%	74.50%	74.50%	74.50%	74.50%	74.50%	74.50%
FIIs	2.67%	3.11%	3.34%	2.87%	3.26%	3.91%	3.65%	3.70%	3.84%	5.33%	3.26%	2.96%
DIIs	7.91%	7.47%	5.96%	6.03%	6.15%	3.21%	1.87%	1.87%	1.90%	1.82%	1.99%	1.64%
Public	14.91%	14.93%	16.20%	16.60%	16.09%	18.38%	19.98%	19.93%	19.76%	18.35%	20.25%	20.90%
Total Shareholders	60,638	68,859	1,08,922	1,17,621	1,25,631	2,59,827	4,04,157	4,21,148	4,13,986	4,07,707	4,25,900	4,19,648

Market Transactions

Unlock Premium Features

Analyst Target, Price, EPS and Revenue Projections

Projection

Unlock Premium Features

Get In-depth insights on EPS and Revenue forecasts

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q4 FY19

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

Ask AI

Frequently Asked Questions about Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders & Engineers Ltd (GRSE) is currently trading at 2,320.05 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Garden Reach Shipbuilders & Engineers Limited is a government‑owned Indian shipbuilder that primarily constructs warships and support vessels for the Indian Navy and Coast Guard while also delivering commercial vessels, exports, marine engines, portable steel bridges, deck machinery and ship repair from multiple Kolkata facilities and a Diesel Engine Plant. Q3 FY26 execution was robust: revenue from operations rose 49% year‑on‑year to ₹1,896 crore while PAT increased 74% to ₹171 crore, and nine‑month revenues of ₹4,883 crore are nearly equivalent to FY25 full‑year revenue, signalling markedly improved throughput and margin conversion driven by frequent deliveries and higher physical progress. Order‑book dynamics are a key positive: GRSE reported a ₹18,482 crore order book comprising 42 platforms and has been declared L1 for the Next Generation Corvette (≈₹33,000 crore) with contract negotiations nearing completion, creating the prospect of a step‑change in backlog and multi‑year revenue visibility if signed this financial year. GRSE is actively expanding capacity and footprint: concurrent construction capability has been raised from 24 to 28 platforms and management targets 32–36 by year‑end via brownfield modernization, while greenfield/brownfield projects in Gujarat and further brownfield sites in Kolkata are planned to add large‑ship capability over three to five years. Government policy tailwinds strengthen GRSE’s outlook: Indian shipbuilding incentive packages totalling around ₹69,725 crore, including production subsidies, shipbreaking credit notes and maritime development funds, plus DAP 2026 emphasis on indigenization, give GRSE substantial policy support to accelerate both defense and commercial order conversion and domestic supplier development.

Over the past 52 weeks, Garden Reach Shipbuilders & Engineers Ltd has traded between a low of ₹1,180.10 and a high of ₹3,535.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Garden Reach Shipbuilders & Engineers Ltd has a market capitalization of approximately 27,173.45. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Garden Reach Shipbuilders & Engineers Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 39.44 and operates in the Aerospace & Defence sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 27,173.45 Cr, Garden Reach Shipbuilders & Engineers Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Garden Reach Shipbuilders & Engineers Ltd operates in the Aerospace & Defence sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Garden Reach Shipbuilders & Engineers Ltd is 39.44. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

The MoU aims to form a consortium to jointly submit a bid for a large-scale national shipbuilding programme tendered by the Shipping Corporation of India (SCI), leveraging the combined strengths of both shipyards.

The Union Budget 2026 announced a 15% increase in the defence budget, raising the total allocation to ₹7.85 lakh crore from ₹6.81 lakh crore in the previous year.

On January 28, 2026, GRSE's share price closed at ₹2,518.70, marking a single-day increase of 5.50% from its previous close of ₹2,387.60.

In Q3 FY26, GRSE reported a 73.9% year-on-year jump in net profit to ₹170.7 crore and a 49% surge in revenue from operations to ₹1,895 crore. EBITDA margins expanded to 9% from 5.9% a year ago.

Garden Reach Shipbuilders Engineers Ltd

Stock Summary and Key Metrics

Investment Checklist

Investment Checklist

Overview

Financial Ratios

Technicals

Forecasts

Unlock Premium Features

Upgrade

Peers

Price Chart Comparison

Financial Statements

AI Powered Summary

Ask AI

Standalone Quarterly Results (in ₹ Crores)

Standalone Profit Loss (in ₹ Crores)

Standalone Balance Sheet (in ₹ Crores)

Standalone Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Unlock Premium Features

Upgrade

Projection

Unlock Premium Features

Upgrade

Documents

Actions

Announcements

AI Mode

Ask AI

Frequently Asked Questions about Garden Reach Shipbuilders & Engineers Ltd

What is Garden Reach Shipbuilders & Engineers Ltd share price today?

What does Garden Reach Shipbuilders & Engineers Ltd do?

What is the 52-week high and low of Garden Reach Shipbuilders & Engineers Ltd?

What is the market capitalization of Garden Reach Shipbuilders & Engineers Ltd?

Should I consider investing in Garden Reach Shipbuilders & Engineers Ltd stock?

Is Garden Reach Shipbuilders & Engineers Ltd a large-cap, mid-cap, or small-cap stock?

Which sector does Garden Reach Shipbuilders & Engineers Ltd belong to and why does it matter?

What is the PE ratio of Garden Reach Shipbuilders & Engineers Ltd?

What is the purpose of the MoU between GRSE and HSL?

What was the key Union Budget 2026 announcement for the defence sector?

What was GRSE's share price on January 28, 2026?

What were GRSE's key financial highlights in Q3 FY26?

Utility

Company

Technicals

Forecasts

Unlock Premium Features

Upgrade

Projection

Unlock Premium Features

Upgrade

Frequently Asked Questions about Garden Reach Shipbuilders & Engineers Ltd

What is Garden Reach Shipbuilders & Engineers Ltd share price today?

What does Garden Reach Shipbuilders & Engineers Ltd do?

What is the 52-week high and low of Garden Reach Shipbuilders & Engineers Ltd?

What is the market capitalization of Garden Reach Shipbuilders & Engineers Ltd?

Should I consider investing in Garden Reach Shipbuilders & Engineers Ltd stock?

Is Garden Reach Shipbuilders & Engineers Ltd a large-cap, mid-cap, or small-cap stock?

Which sector does Garden Reach Shipbuilders & Engineers Ltd belong to and why does it matter?

What is the PE ratio of Garden Reach Shipbuilders & Engineers Ltd?

What is the purpose of the MoU between GRSE and HSL?

What was the key Union Budget 2026 announcement for the defence sector?

What was GRSE's share price on January 28, 2026?

What were GRSE's key financial highlights in Q3 FY26?

Oscillators

Bullish

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Announcements

Peers

Price Chart Comparison

Overview

Financial Ratios