Announced Sat, 20 Jun · 12:14 IST
GRSE granted Navratna status by Government of India
Business Updates View source PDF
GRSE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹2799.80
prior close
₹2861.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.2+1.8+0.9+0.8-0.2-0.7-2.9-3.9-2.5-0.6-6.6-7.6——
Up moveDown movePending
AI summary
Garden Reach Shipbuilders (GRSE) has been granted Navratna status by the Department of Public Enterprises, effective June 19, 2026. This gives GRSE greater financial autonomy for investments without government approval. Revenue grew from Rs 1,754 cr in FY22 to Rs 7,002 cr in FY26, about 300% rise. PAT rose from Rs 190 cr to Rs 748 cr, nearly 294% growth. The defence PSU delivered 8 warships in FY26.
Likely market impact
Positive for shareholders. Navratna status gives GRSE more financial freedom to invest, expand capacity, and pursue larger contracts without prior government nod.