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Industrials · Aerospace & Defense

Garden Reach Shipbuilders & Engineers Ltd (GRSE)

₹2,565.80

Mkt cap
₹29,392 Cr
P/E ratio
39.30
P/B
11.20
Div yield
0.54%
ROE
31.80%
ROCE
43.00%
EPS (TTM)
₹65.29
Book value
₹229
52W range
1,973–3,094
Sector
Industrials

Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard. [1]

NSE GRSEBSE 542011www.grse.in
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthModerate
TechnicalsNeutral
52-week range
−17.07% from high
₹2,566
₹1,973+30.06% from low₹3,094
Current
₹2,565.80
Prev close
₹2,578.90
Day
−0.51%
Price performance
1D
−0.51%
1W
+0.16%
1M
−5.84%
3M
−10.87%
6M
+12.59%
1Y
−3.05%
YTD
+5.29%

Financials

F
Revenue, profit & margin
P/E ratio
39.3×
GRSE is 41% below the sector median of 66.6×
GRSE39.3×
Sector median66.6×
 Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Trend
Sales6017568989231,0161,0101,1531,2711,6421,3101,6771,8962,119
Expenses5817108498749259531,0841,1961,4211,1981,5211,7241,764
Operating Profit2046494991566975221112156172355
OPM %3%6%5%5%9%6%6%6%13%9%9%9%17%
Other Income707172827674757211473696271
Interest4521342216443
Depreciation10101010101011111012121213
Profit before tax76102107119153115131134324167209218411
Tax %28%25%25%26%27%24%25%27%25%28%27%22%26%
Net Profit55778188112879898244120154171303
EPS in Rs4.836.697.057.709.747.618.538.5721.3210.4913.4314.9126.47
Raw PDF

Earnings

EResults dates & reactions
Next results
29 Jul '26scheduled

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move +0.52% · closed higher next day 13 of last 29
 Q1FY24Q2FY24Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26Q2FY26Q3FY26Q4FY26
Broadcast11 Aug '23◦10 Nov '23◦13 Feb '24◦22 May '24◦8 Aug '2413 Nov '24◦7 Mar '2513 May '25◦8 Aug '254 Nov '25◦28 Jan '26◦28 Apr '26◦
Earnings day+12.89%−0.68%+1.71%+19.54%−4.25%+1.60%+0.92%+14.27%−1.15%+1.10%+2.63%+6.87%
+1 day+33.29%+2.11%+2.12%+22.40%−5.69%+0.23%+1.26%+17.97%−0.12%+0.70%+9.75%+1.93%
+5 days+31.14%+4.64%+1.29%+18.34%−9.74%+4.25%−3.76%+30.59%+4.92%+7.57%−3.16%+7.60%
+15 days+42.55%+11.34%+1.12%+28.71%−16.89%+26.78%−11.72%+75.29%−0.13%+8.96%−2.79%−6.42%
+30 days+43.37%+11.22%+1.23%+127.29%−14.84%+16.78%+14.33%+56.84%+5.25%−13.07%−8.32%−7.88%
FilingXBRLXBRLXBRLXBRLXBRLXBRLXBRLPDFPDFPDFXBRLXBRL

Corporate actions

CLast 6 months
KindValueEx-dateRecord
dividend
Interim Dividend - Rs 7.15 Per Share
7.153 Feb '263 Feb '26

Shareholding

Sas of Jun 2026
74.50%Promoter
Promoters74.50%
FIIs3.21%0.30
DIIs1.93%0.24
Public20.36%0.04
Ownership trend

Peers

P7 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Hind.Aeronautics₹4,573.4033.553,05,8580.98%4,196+5.52%13,942+1.77%31.96%
Bharat Electron₹405.0048.842,96,0460.59%2,226+4.62%10,224+11.75%36.53%
Bharat Dynamics₹1,243.00108.4045,5640.37%113−58.51%480−72.98%13.84%
Garden Reach Sh.₹2,565.8039.3029,3920.54%303+24.14%2,119+29.06%42.96%
Data Pattern₹4,584.50103.8525,6660.22%138+21.30%345−12.96%21.92%
Astra Microwave₹1,813.4089.2217,2170.12%106+44.21%488+19.71%20.25%
Zen Technologies₹1,768.7082.8115,9700.06%47−68.80%178−45.20%16.18%
Median: 33 Co.₹764.3066.594,3440.02%20+21.30%175+29.06%15.30%

Filings

D
Annual reports15
Financial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bseFinancial Year 2012bseFinancial Year 2011bse
Concall transcripts28
TranscriptMay 2026RECMay 2026TranscriptFeb 2026RECFeb 2026TranscriptNov 2025RECNov 2025TranscriptAug 2025RECAug 2025TranscriptMay 2025RECMay 2025TranscriptFeb 2025RECFeb 2025TranscriptNov 2024RECNov 2024TranscriptAug 2024RECAug 2024TranscriptMay 2024RECMay 2024TranscriptMar 2024TranscriptNov 2023RECNov 2023TranscriptAug 2023TranscriptJun 2023TranscriptFeb 2023
Credit ratings6
Rating update 22 JuncareRating update 1 Jul 2025careRating update 4 Jul 2024careRating update 6 Jul 2023brickworkRating update 20 Jun 2023careRating update 1 Sep 2022brickwork
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Jul - Pursuant to Reg 30 of SEBI (LODR) Reg, 2015 we have enclosed herewith newspaper clippings regarding notice for transfer of Unclaimed Dividend/ Equity Shares to …Board Meeting Intimation for Intimation Of Date Of Board Meeting To, Inter Alia, Consider And Approve, Unaudited Financial Results For The Quarter Ended 30 June 2026 16 Jul - Board meeting on 29 July 2026 to approve Q1 FY27 unaudited financial results; trading window closed till 31 July.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Jul - We are enclosing herewith Compliance Certificate under Regulation 74(5) of the SEBI DP Regulations, 2018 for the Quarter Ended 30 Jun 2026.Appointment Of Cost Auditor For FY 2026-27 10 Jul - Board approved appointment of M/s. Bandyopadhyaya Bhaumik & Co. as Cost Auditor for FY 2026-27.Appointment Of Internal Auditor For FY 2026-27 10 Jul - GRSE appoints M/s. SPAN & Associates as internal auditors for FY 2026-27.