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GARDEN REACH SHIP&ENG LTD

Capital Goods › Aerospace & Defense·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 100+5
₹1,898.90
at close · 28 Oct 2026
▼ 21.10 (-1.10%)

Latest filings

Next results: Wed, 4 Nov · Financial Results
  1. Board to approve September 2026 quarter and half-year results · Results
  2. GRSE appoints Shri Dharminder Kumar as Independent Director · Management Changes
  3. Insider trading compliance certificate for Q2 FY26 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Builds warships and commercial vessels from Indian shipyards, with the Indian Navy as its primary customer. In FY26 it delivered 8 warships — including 3 on the same day — and laid 19 keels, including 13 hybrid ferries. Revenue is driven mainly by defence shipbuilding; the closing order book was ₹15,324 crore across 9 projects and 39 platforms, with shipbuilding at 95% of the book and non-defence work at 22.5%. The order pipeline adds up to ~₹1.5 lakh crore, including the Next Generation Corvette (NGC, ~₹33,000 crore for the company), P-17 Bravo frigates (₹70,000 crore total), MCMV (₹32,000 crore) and LPD (₹35,000 crore). Commercial work is also growing — an ONGC Notification of Award for 4 Platform Supply Vessels worth ₹1,032.07 crore, an L1 win for an electric bollard pull tug (~₹40 crore) for a Kolkata port, and export revenue crossing ₹270 crore for the first time. Materials are the biggest cost at 48.9% of revenue (₹3,421.72 crore), followed by other operating expenses at 24.8%.

Revenue mix · reported segments
Shipbuilding (total)95.0%
Non-defence shipbuilding and commercial vessels22.5%
Operating scale
Warships delivered
8 (including 3 on the same day)FY26
Order book
₹15,324 crore across 39 platforms and 9 projectsFY26
Keel layings
19, including 13 hybrid ferriesFY26
NGC contract value (L1)
~₹33,000 croreExpected Q1 FY27
ONGC Platform Supply Vessels order
4 vessels worth ₹1,032.07 croreNOA 30 Jul 2026
Shipbuilding capacity
28 ships, expanding to 32 by end CY2026CY2026
Who pays it
Indian Navy, Indian Coast Guard, ONGC, government ports (Shyama Prasad Mukherjee Port, Kolkata) and overseas commercial clients
Biggest cost
Materials at 48.9% of revenue (₹3,421.72 crore in FY26)
Kind of business
Long-cycle, order-book-driven defence shipbuilding with a growing non-defence commercial line
Where it sits
Defence public sector undertaking under the Ministry of Defence; granted Navratna status on 19 June 2026
Market Cap
₹21,752 Cr
P / E (TTM)
27.2×
EV / EBITDA
19.2×
Div Yield
0.94%
Growth
43.7%▲
Revenue 5y CAGR
PAT +37.3% · EBITDA +35.0%
Quality
27.4%▲
ROCE (5y median)
ROE 21.3% (5y median) · margin 15.3%
Leverage
0.00·
Debt / Equity · low
Net cash ₹17 Cr
Revenue FY21→FY26
6.1×▲
Margin −2.8 pts
₹1,141 Cr → ₹7,002 Cr
Cash conversion
0.06×▼
Operating cash ÷ profit · 5 yrs
₹113 Cr on ₹2,050 Cr
Moves on a normal day
1.44%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 25 Aerospace & Defense peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#2/23
P/B#9/23
ROCE#1/26
ROE#2/23
Debt / Equity#1/23
EBITDA margin#17/23
Revenue growth#7/23
Profit growth#8/21

Scorecard

Measured from the filed financials, judged against its Aerospace & Defense peers · as of FY26 — not investment advice

Strengths
Revenue compounding 44% a year over 5 years
Profit compounding 37% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 27.4% (5-year median)
#1 of 26 in Aerospace & Defense on the latest reported figures · up from 17.0% in FY21
No borrowings on the balance sheet
lower than 68% of its 23 Aerospace & Defense peers
Pays out 27% of profit as dividend
Concerns
Over 5 years it reported ₹2,050 Cr of profit and ₹113 Cr of operating cash — 0.06×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 146 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

GRSE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from GARDEN REACH SHIP&ENG LTD's filed financials and exchange disclosures

What does GARDEN REACH SHIP&ENG LTD do?

GARDEN REACH SHIP&ENG LTD is a Aerospace & Defense company listed on NSE and BSE, trading under the symbol GRSE.

Is GARDEN REACH SHIP&ENG LTD profitable?

Yes. Over the trailing twelve months GARDEN REACH SHIP&ENG LTD reported a net profit of ₹801 Cr on revenue of ₹7,507 Cr.

Does GARDEN REACH SHIP&ENG LTD pay a dividend?

Yes. The dividend yield is 0.94% at the current price. It paid out 27% of its profit as dividend in FY26.

Is GARDEN REACH SHIP&ENG LTD debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹17 Cr of cash.

Is GARDEN REACH SHIP&ENG LTD expensive compared with its peers?

On trailing P/E, GARDEN REACH SHIP&ENG LTD ranks 2 of 23 in Aerospace & Defense — cheaper than 96% of them, against an industry median of 69.8×. This is a position, not a valuation judgement.

How much does the GARDEN REACH SHIP&ENG LTD share price move in a day?

On a typical session GARDEN REACH SHIP&ENG LTD moves 1.44% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are GARDEN REACH SHIP&ENG LTD's next results?

Financial Results on Wed, 4 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track GARDEN REACH SHIP&ENG LTD's announcements?

Every NSE and BSE filing by GARDEN REACH SHIP&ENG LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.