Garden Reach Shipbuilders & Engineers Ltd (GRSE)
₹2,505.50
Mkt cap
₹29,018 Cr
P/E ratio
36.20
P/B
10.94
Div yield
0.51%
ROE
31.80%
ROCE
43.00%
EPS (TTM)
₹69.21
Book value
₹229
52W range
1,973–3,094
Sector
Industrials
Price history
Previous close
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 542011
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthModerate
TechnicalsNeutral
52-week range
−19.02% from high₹2,506
₹1,973+27.00% from low₹3,094
Current
₹2,505.50
Prev close
₹2,538.00
Day
−1.28%
Price performance
1D
−1.28%
1W
−2.34%
1M
−3.60%
3M
−6.25%
6M
+8.25%
1Y
+0.82%
YTD
+2.81%
Financials
Revenue, profit & margin
P/E ratio
36.2×
GRSE is 56% below the sector median of 82.9×
GRSE36.2×
Sector median82.9×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 756 | 898 | 923 | 1,016 | 1,010 | 1,153 | 1,271 | 1,642 | 1,310 | 1,677 | 1,896 | 2,119 | 1,815 | |
| Expenses | 710 | 849 | 874 | 925 | 953 | 1,084 | 1,196 | 1,421 | 1,198 | 1,521 | 1,724 | 1,764 | 1,665 | |
| Operating Profit | 46 | 49 | 49 | 91 | 56 | 69 | 75 | 221 | 112 | 156 | 172 | 355 | 149 | |
| OPM % | 6% | 5% | 5% | 9% | 6% | 6% | 6% | 13% | 9% | 9% | 9% | 17% | 8% | |
| Other Income | 71 | 72 | 82 | 76 | 74 | 75 | 72 | 114 | 73 | 69 | 62 | 71 | 100 | |
| Interest | 5 | 2 | 1 | 3 | 4 | 2 | 2 | 1 | 6 | 4 | 4 | 3 | 4 | |
| Depreciation | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 10 | 12 | 12 | 12 | 13 | 14 | |
| Profit before tax | 102 | 107 | 119 | 153 | 115 | 131 | 134 | 324 | 167 | 209 | 218 | 411 | 232 | |
| Tax % | 25% | 25% | 26% | 27% | 24% | 25% | 27% | 25% | 28% | 27% | 22% | 26% | 25% | |
| Net Profit | 77 | 81 | 88 | 112 | 87 | 98 | 98 | 244 | 120 | 154 | 171 | 303 | 173 | |
| EPS in Rs | 6.69 | 7.05 | 7.70 | 9.74 | 7.61 | 8.53 | 8.57 | 21.32 | 10.49 | 13.43 | 14.91 | 26.47 | 15.09 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.53% · closed higher next day 13 of last 30
| Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 10 Nov '23◦ | 13 Feb '24◦ | 22 May '24◦ | 8 Aug '24 | 13 Nov '24◦ | 3 Feb '25 | 13 May '25◦ | 8 Aug '25 | 4 Nov '25◦ | 28 Jan '26◦ | 28 Apr '26◦ | 29 Jul '26 |
| Earnings day | −0.68% | +1.71% | +19.54% | −4.25% | +1.60% | +0.92% | +14.27% | −1.15% | +1.10% | +2.63% | +6.87% | +0.59% |
| +1 day | +2.11% | +2.12% | +22.40% | −5.69% | +0.23% | +1.26% | +17.97% | −0.12% | +0.70% | +9.75% | +1.93% | −0.94% |
| +5 days | +4.64% | +1.29% | +18.34% | −9.74% | +4.25% | −3.76% | +30.59% | +4.92% | +7.57% | −3.16% | +7.60% | −3.96% |
| +15 days | +11.34% | +1.12% | +28.71% | −16.89% | +26.78% | −11.72% | +75.29% | −0.13% | +8.96% | −2.79% | −6.42% | +1.06% |
| +30 days | +11.22% | +1.23% | +127.29% | −14.84% | +16.78% | +14.33% | +56.84% | +5.25% | −13.07% | −8.32% | −7.88% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Jun 202674.50%Promoter
Promoters74.50%
FIIs3.21%0.30
DIIs1.93%0.24
Public20.36%0.04
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| HAL | ₹4,856.00 | 34.84 | 3,24,757 | 0.93% | 1,590 | +14.88% | 5,515 | +14.45% | 31.97% |
| BEL | ₹405.35 | 48.21 | 2,96,302 | 0.62% | 1,055 | +8.70% | 5,547 | +24.94% | 36.44% |
| BDL | ₹1,255.00 | 88.34 | 46,004 | 0.39% | 119 | +547.36% | 572 | +130.81% | 13.84% |
| GRSE | ₹2,533.20 | 36.25 | 29,018 | 0.51% | 173 | +43.82% | 1,815 | +38.53% | 42.96% |
| DATAPATTNS | ₹4,585.00 | 94.98 | 25,669 | 0.22% | 22 | −13.49% | 116 | +16.81% | 21.92% |
| ASTRAMICRO | ₹1,729.00 | 86.84 | 16,416 | 0.14% | 12 | −24.09% | 177 | −11.55% | 20.28% |
| ZENTEC | ₹1,801.40 | 89.52 | 16,265 | 0.06% | 32 | −23.20% | 142 | −10.48% | 16.18% |
| Median: 33 Co. | ₹856.95 | 82.85 | 4,337 | 0.06% | 12 | +14.88% | 112 | +34.48% | 14.47% |
Filings
Annual reports15
Annual Report 2026bseAnnual Report 2025bseAnnual Report 2024bseAnnual Report 2023bseAnnual Report 2022bseAnnual Report 2021bseAnnual Report 2020bseAnnual Report 2019bseAnnual Report 2018bseAnnual Report 2017bseAnnual Report 2016bseAnnual Report 2015bseAnnual Report 2014bseAnnual Report 2013bseAnnual Report 2012bse
Concall transcripts30
TranscriptAug 2026RECAug 2026TranscriptMay 2026RECMay 2026TranscriptFeb 2026RECFeb 2026TranscriptNov 2025RECNov 2025TranscriptAug 2025RECAug 2025TranscriptMay 2025RECMay 2025TranscriptFeb 2025RECFeb 2025TranscriptNov 2024RECNov 2024TranscriptAug 2024RECAug 2024TranscriptMay 2024RECMay 2024TranscriptMar 2024TranscriptNov 2023RECNov 2023TranscriptAug 2023
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep - Pursuant to Reg 30 of SEBI (LODR) Reg 2015, we have enclosed herewith the newspaper clippings regarding completion of dispatch of the Notice of 110th …Corporate Action-Board to consider Dividend 3 SepIntimation Of 110Th Annual General Meeting, Book Closure And Dividend 3 SepReg. 34 (1) Annual Report. 3 SepAnnouncement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 3 Sep - GRSE signed MoUs with DNV and Damen on 2-3 Sep 2026 for shipbuilding and dredger collaborations.