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Industrials · Aerospace & Defense

Garden Reach Shipbuilders & Engineers Ltd (GRSE)

₹1,943.70

Mkt cap
₹22,265 Cr
P/E ratio
27.80
P/B
8.49
Div yield
1.01%
ROE
31.60%
ROCE
42.80%
EPS (TTM)
₹69.92
Book value
₹229
52W range
1,842–3,339
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
TechnicalsBearish
52-week range
−41.79% from high
₹1,944
₹1,842+5.52% from low₹3,339
Current
₹1,943.70
Prev close
₹1,923.20
Day
+1.07%
Price performance
1D
+0.35%
1W
+3.71%
1M
−12.52%
3M
−25.37%
6M
−37.19%
1Y
−26.06%
YTD
−20.24%

Financials

Revenue, profit & margin
P/E ratio
27.8×
GRSE is 60% below the sector median of 69.7×
GRSE27.8×
Sector median69.7×
 Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Trend
Sales7568989231,0161,0101,1531,2711,6421,3101,6771,8962,1191,815
Expenses7108498749259531,0841,1961,4211,1981,5211,7241,7641,665
Operating Profit46494991566975221112156172355149
OPM %6%5%5%9%6%6%6%13%9%9%9%17%8%
Other Income7172827674757211473696271100
Interest5213422164434
Depreciation10101010101111101212121314
Profit before tax102107119153115131134324167209218411232
Tax %25%25%26%27%24%25%27%25%28%27%22%26%25%
Net Profit778188112879898244120154171303173
EPS in Rs6.697.057.709.747.618.538.5721.3210.4913.4314.9126.4715.09
Raw PDF

Earnings

Results dates & reactions
Next results
4 Nov '26scheduled

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
 Q2FY24Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26Q2FY26Q3FY26Q4FY26Q1FY27
Broadcast10 Nov '23◦13 Feb '24◦22 May '24◦8 Aug '2413 Nov '24◦3 Feb '2513 May '25◦8 Aug '254 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%−4.47%
FilingXBRLXBRLXBRLXBRLXBRLXBRLPDFPDFPDFXBRLXBRLPDF

Corporate actions

Last 6 months

No recent corporate actions

Dividends, splits, and bonuses in the last six months show up here.

Results analysis

Shareholding

as of Sep 2026
74.50%Promoter
Promoters74.50%
FIIs3.17%0.04
DIIs2.01%0.08
Public20.33%0.03
Ownership trend

Peers

7 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Hind.Aeronautics₹4,853.7034.823,24,6030.93%1,590+14.88%5,515+14.45%31.97%
Bharat Electron₹369.9042.262,70,3890.68%1,540+19.60%7,328+26.51%36.44%
Bharat Dynamics₹974.0068.5635,7030.50%119+547.36%572+130.81%13.86%
Garden Reach Sh.₹1,943.7027.8122,2651.01%173+43.82%1,815+38.53%42.82%
Data Pattern₹3,800.0078.7221,2740.26%22−13.49%116+16.81%21.92%
Sigma Advanced System₹890.60101.7116,9150.00%35−81.87%374+7,083.88%11.74%
Apollo Micro Sys₹398.75106.8814,8180.06%46+55.67%388+72.31%14.53%
Median: 34 Co.₹869.6069.745,5110.04%10+23.51%120+39.50%14.20%

Filings

Annual reports15
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022Annual Report 2021Annual Report 2020Annual Report 2019Annual Report 2018Annual Report 2017Annual Report 2016Annual Report 2015Annual Report 2014Annual Report 2013Annual Report 2012
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
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
Board Meeting Intimation for Intimation Of Date Of Board Meeting To, Inter Alia, Consider And Approve, Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2026. 23 Oct - Board meets on 4 November 2026 to approve Q2 and half-year unaudited results; trading window closed till 6 November.Announcement under Regulation 30 (LODR)-Change in Directorate 16 Oct - Shri Dharminder Kumar appointed Independent Director on GRSE board16 Oct 2026 for three years.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Oct - We are submitting herewith the Compliance certificate under Reg 74 (5) of SEBI (Depositories and Participants) Reg, 2018 received from M/s. Alankit Assignments Limited, the …Announcement under Regulation 30 (LODR)-Change in Directorate 6 Oct - Shri Dharminder Kumar and Shri Laishram Meenabanta Singh appointed Independent Directors for three years.Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 26 Sep