GRSE · Garden Reach Shipbuilders & Engineers Ltd · Water Transportation
GRSE · Garden Reach Shipbuilders & Engineers Ltd · Water Transportation
As of 05 Nov close
52-week range
36.0% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 16 Oct 2026
Revenue (latest Q)
₹1,815 Cr
Revenue YoY
PAT YoY
+43.8%
Operating margin
Revenue, last 4 quarters
Source: Yahoo Finance, as of 30 Jun 2026
P/E (TTM)
P/B
10.7
P/S (TTM)
Not available from data source
Sector P/E
Not available from data source
Dividend yield
+1.0%
Source: Yahoo Finance, as of 29 Oct 2026
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| GRSE (this stock) | 27.5 | 10.7 | +9.2% | +26.9% | 0.01 | +1.0% |
| Mazagon Dock Shipbuilders | 38 | 10 | Not available from data source | Not available from data source | Not available from data source | Not available from data source |
| Cochin Shipyard * | 58.3 | 5.9 | +13.5% | +11.6% | 0.28 | +0.7% |
| Great Eastern Shipping Company | 7.9 | 1.2 | Not available from data source | Not available from data source | Not available from data source | Not available from data source |
* Net margin, ROE, D/E and dividend yield for these companies come from RedixFi fundamentals; the data vendor had no values for them.
Promoter
stable
FII
stable
MF
1.59% (-0.05pp)
stable
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| GRSE | 2026-04-29 | 1912549 | 3 | MEDIUM | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Garden Reach Shipbuilders & Engineers Limited (GRSE) held its Q1 FY27 earnings conference call on August 6, 2026, where management reported a total income of ₹1,914 crore, reflecting a year-on-year growth of 38%. Revenue from operations increased by 39% to ₹1,815 crore, and profit after tax rose by 44% to ₹173 crore. Management highlighted the achievement of Navratna status, which supports their expansion plans, including both brownfield and greenfield initiatives. The current order book stands at ₹13,596 crore, primarily from shipbuilding projects. GRSE is actively pursuing new contracts, with significant opportunities in defense and non-defense sectors, totaling around ₹150,000 crore. Management also discussed ongoing projects, including the P-17 Alpha frigate and various research vessels, and emphasized their commitment to indigenization and technological advancements in shipbuilding.
Management emphasized strong financial performance and growth opportunities.
Sourced from an exchange-filed transcript, dated 11 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The earnings conference call for Garden Reach Shipbuilders & Engineers Limited (GRSE) on May 12, 2026, highlighted strong financial performance for Q4 and FY26. Management reported a revenue from operations of INR 2,119 crore for the quarter, a 29% increase year-over-year, and a profit after tax of INR 303 crore, up 24%. For the full year, revenue reached INR 7,002 crore, a 38% growth, with profit after tax rising 42% to INR 748 crore. The company delivered eight warships and launched one, marking a record year. The current order book stands at INR 15,324.13 crore, with ongoing projects showing significant physical progress. Management discussed future opportunities, including several tenders and expansion plans to increase shipbuilding capacity. The call concluded with management expressing optimism about upcoming projects and the company's strategic direction.
Management emphasized strong financial and operational performance, highlighting growth and future opportunities.
Sourced from an exchange-filed transcript, dated 19 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Garden Reach Shipbuilders & Engineers Limited (GRSE) reported strong financial performance for Q3 and 9M FY26, with revenue from operations rising 49% year-on-year to ₹1,896 crores and profit after tax increasing 74% to ₹171 crores. The company delivered five major ships in the last nine months, including one Frigate P-17 Alpha and three Anti-Submarine Shallow Water Crafts, with Management expecting three more major vessels in the next three months. The order book stood at ₹18,482 crores as of December 31, 2025, with defense projects accounting for 77% of the total. GRSE highlighted progress on the Next Generation Corvette (NGC) project, with Management expecting the contract to be finalized by the end of FY26. The company is expanding production capacity, aiming to increase concurrent shipbuilding from 24 to 32 by the end of 2026 and planning brownfield and greenfield expansions in West Bengal and Gujarat. Management emphasized competitive bidding for new projects, including the P-17 Bravo and LPD projects, and noted government incentives for indigenization and shipbuilding. The non-defense segment showed potential with initiatives from ONGC and other agencies, though capacity constraints remain a challenge. GRSE also discussed partnerships with other shipyards for large projects and outlined plans to enhance automation and workforce training to support future growth.
The document emphasizes strong financial results, successful project deliveries, and management’s stated expectations regarding future orders and expansion plans.
Sourced from an exchange-filed transcript, dated 17 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedThe annual report of Garden Reach Shipbuilders & Engineers Limited (GRSE) for FY2025-26 highlights the company's significant achievements in shipbuilding, including delivering eight frontline warships to the Indian Navy, the highest in its history. The report emphasizes the company's commitment to self-reliance (Atmanirbharta) through indigenous development of naval equipment and technological innovation. Strategic initiatives include expanding shipyard capacity, adopting AI-driven engineering, and entering the commercial shipbuilding segment to meet domestic and global demands. The report also underscores the company's focus on sustainability, corporate social responsibility (CSR), and robust corporate governance practices.
- Delivery of eight frontline warships to the Indian Navy, marking a historic high in operational performance.
- Commitment to Atmanirbharta through indigenous development of naval surface guns and other artillery systems.
- Strategic expansion plans including greenfield shipyards and adoption of AI-driven engineering for autonomous and green platforms.
- Focus on sustainability and CSR initiatives, including environmental protection and community development programs.
- Robust corporate governance framework aligned with regulatory standards and stakeholder interests.
Key takeaway: GRSE's FY2025-26 report underscores its historic achievements in shipbuilding, strategic expansion, and commitment to self-reliance and sustainability, positioning it as a key player in India's maritime and defense sectors.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
2 occurrencesEarlier (1-3 years ago)
The company received a fine imposed by NSE during the financial year, though specific details about the amount or reason are not provided in the excerpt.
The company was fined by NSE and BSE for non-compliance with SEBI (LODR) regulations multiple times between 2020-21 and 2022-23, with total penalties amounting to ₹93,89,260.
Routine disclosures
Contingent Liability
2 occurrencesEarlier (1-3 years ago)
The company has pending litigations with liabilities either provided for or disclosed as contingent liabilities, as mentioned in Note 29 to the financial statements.
The company has pending litigations with liabilities either provided for or disclosed as contingent liabilities, as mentioned in Note 29 to the financial statements.
Management & Board Governance
1 occurrenceEarlier (1-3 years ago)
The company, being a Government company under the Ministry of Defence, could not comply with certain SEBI LODR regulations (17(4), 18(3), 19(4), 17(10), 25(4)) due to lack of control over compliance, and the appointment of directors is governed by the Government of India, with the matter of appointing Independent Directors and a Woman Independent Director being discussed with MoD.