



Capital Goods | Small Cap
Garden Reach Shipbuilders & Engineers Ltd. presents a strong financial profile, marked by exceptional growth and profitability. The company is expanding its revenue and profits at an impressive rate, indicating high demand and effective strategic execution. Its financial foundation is remarkably stable, as it operates with virtually no debt, making it highly resilient to economic shifts. Key strengths include robust profit margins, high returns on investor capital, and a strong record of increasing dividends. However, the company faces significant challenges in managing its short-term finances and operational efficiency. Cash flow from core operations is strained, and its ability to quickly convert assets to cash is limited. It also takes a very long time to build and sell its inventory, a common trait in the shipbuilding industry but a financial drag nonetheless. The future outlook is positive, driven by a powerful growth engine, but is tempered by underlying risks in liquidity and asset management.
Garden Reach Shipbuilders & Engineers Ltd. presents a strong financial profile, marked by exceptional growth and profitability. The company is expanding its revenue and profits at an impressive rate, indicating high demand and effective strategic execution. Its financial foundation is remarkably stable, as it operates with virtually no debt, making it highly resilient to economic shifts. Key strengths include robust profit margins, high returns on investor capital, and a strong record of increasing dividends. However, the company faces significant challenges in managing its short-term finances and operational efficiency. Cash flow from core operations is strained, and its ability to quickly convert assets to cash is limited. It also takes a very long time to build and sell its inventory, a common trait in the shipbuilding industry but a financial drag nonetheless. The future outlook is positive, driven by a powerful growth engine, but is tempered by underlying risks in liquidity and asset management.
Overall Valuation Score
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P/E RATIO (TTM)
38.75
Industry Median
38.80
Small Cap Median
27.98
P/E RATIO
38.75
P/B RATIO
11.05
Industry Median
8.52
Small Cap Median
5.39
P/S RATIO
4.25
Industry Median
7.92
Small Cap Median
5.42
Others
PEG RATIO
0.00
EV/EBITDA RATIO
24.31
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹2530.2 as on Sep 1, 2026.
The company is in a phase of exceptional and broad-based growth. It has demonstrated an outstanding ability to increase its revenues, operating profits, and net income at a very high rate. This suggests strong market demand for its products and services, as well as successful execution of its business strategy. The growth in earnings per share is also robust, delivering significant value to shareholders. This powerful expansion across all key financial metrics paints a very positive picture of the company's current trajectory and future potential.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 53.72 | 46.01 | 40.3 | 41.27 | 37.94 |
| Operating Profit Growth Rate | 74.07 | 5.67 | 57.72 | 79.57 | 88.39 |
| Earnings Per Share (EPS) Growth | 23.51 | 20.3 | 56.65 | 47.61 | 41.81 |
| Asset Growth Rate | 12.45 | 41.08 | -4.82 | 0.96 | |
| Net Income Growth Rate | 24.18 | 20 | 56.58 | 47.62 | 41.94 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Data Patterns (India) Ltd | 7.87 | 93.15 | Highly Overvalued | 374.00 | 48.47 | 271.00 |
| 2 | Garden Reach Shipbuilders & Engineers Ltd | 7.70 | 38.75 | Neutral | 795.00 | 65.29 | 748.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Quarterly Report⬤28th Apr 26
Audited Financial Results for the Quarter and Year Ended March 31, 2026
UNDEFINED SENTIMENT
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a leading Indian public sector undertaking specializing in shipbuilding for the Indian Navy and Coast Guard. It designs, constructs, and repairs various warships, patrol vessels, and auxiliary vessels, along with producing marine diesel engines and engineering equipment, establishing itself as a key defense sector player.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Garden Reach Shipbuilders & Engineers Ltd's P/E ratio (TTM) is 38.75, compared to the industry median of 38.80 and large cap median of 27.98.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Garden Reach Shipbuilders & Engineers Ltd's P/B ratio is 11.05, compared to the industry median of 8.52 and large cap median of 5.39.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Garden Reach Shipbuilders & Engineers Ltd's P/S ratio is 4.25, compared to the industry median of 7.92 and large cap median of 5.42.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Garden Reach Shipbuilders & Engineers Ltd's PEG ratio is 1.20.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Garden Reach Shipbuilders & Engineers Ltd's EV/EBITDA ratio is 24.31.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Garden Reach Shipbuilders & Engineers Ltd's ROE is 25.34%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Garden Reach Shipbuilders & Engineers Ltd's ROA is 4.07%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Garden Reach Shipbuilders & Engineers Ltd's ROCE is 43%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Garden Reach Shipbuilders & Engineers Ltd's operating margin is 11.35%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Garden Reach Shipbuilders & Engineers Ltd's net margin is 10.68%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Garden Reach Shipbuilders & Engineers Ltd's current ratio is 1.19.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Garden Reach Shipbuilders & Engineers Ltd's debt-to-equity ratio is 0.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Garden Reach Shipbuilders & Engineers Ltd's interest coverage ratio is 63.81.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Garden Reach Shipbuilders & Engineers Ltd's DPS is ₹19.59.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Garden Reach Shipbuilders & Engineers Ltd's EPS is 41.81.
(Source line: "Ratios as of 24 Oct 2026, based on last traded price of ₹2530.20. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1934 (as Garden Reach Workshops Ltd.)
Headquarters: Kolkata, West Bengal
Core Offerings: Warship construction, Patrol vessel construction, Auxiliary vessel construction, Marine diesel engine manufacturing, Ship repair and modernization
Stock Listing: NSE (GRSE), BSE (542011)
Promoter: Government of India
Garden Reach Shipbuilders & Engineers Ltd. traces its origins to a small workshop established in 1884. It was incorporated as Garden Reach Workshops Ltd. in 1934 and nationalized by the Government of India in 1960. The company was renamed Garden Reach Shipbuilders & Engineers Ltd. in 1976, solidifying its role as a premier defense PSU. GRSE has since evolved into a formidable shipyard, delivering a diverse range of warships and patrol vessels to the Indian Navy and Coast Guard, and was listed on Indian stock exchanges in 2018, expanding its capital base and public ownership.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Shipbuilding | ~95% | Operating Profit |
| Engineering | ~5% | Operating Profit |
Shipbuilding: Design and construction of frigates, corvettes, landing craft, patrol vessels, fast attack craft for Indian Navy and Coast Guard, and other export orders. Also undertakes ship repair and modernization.
Engineering: Manufacturing of marine diesel engines (under license), deck machinery items (like cranes, davits), and other general engineering products for both defense and civil sectors.
Cmde. PR Hari, IN (Retd.) – Chairman & Managing Director. Holds a B.Tech. in Marine Engineering and M.Tech. in Naval Architecture. He has extensive experience in warship production, maintenance, and ship repairs, having served in various capacities in the Indian Navy and at GRSE.
No major subsidiaries reported.
1:4 bonus issue in October 2023.
The Garden Reach Shipbuilders & Engineers Ltd share price today is ₹2530.20 on NSE (GRSE), as of 24 Oct 2026.
As of 24 Oct 2026, Garden Reach Shipbuilders & Engineers Ltd share price is ₹2530.20, with previous close ₹2530.20. Today's range is ₹2530.20 to ₹2530.20. The 52-week range is ₹N/A to ₹N/A.
As of today, Garden Reach Shipbuilders & Engineers Ltd's market cap is ₹29,729.85 crore (Large Cap).
Garden Reach Shipbuilders & Engineers Ltd's current P/E ratio is 38.75, compared to the GENERAL INDUSTRIALS sector average of 60.
Garden Reach Shipbuilders & Engineers Ltd's current P/B ratio is 11.05.
Garden Reach Shipbuilders & Engineers Ltd's current dividend yield is 0.77%. Last dividend of ₹7.90 per share was declared on 20-Feb-2024.
Garden Reach Shipbuilders & Engineers Ltd's EPS (TTM) is ₹41.81.
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a leading Indian public sector undertaking specializing in shipbuilding for the Indian Navy and Coast Guard. It designs, constructs, and repairs various warships, patrol vessels, and auxiliary vessels, along with producing marine diesel engines and engineering equipment, establishing itself as a key defense sector player.
Garden Reach Shipbuilders & Engineers Ltd is promoted by Government of India, holding 74.5% as of 24 Oct 2026.
Garden Reach Shipbuilders & Engineers Ltd is listed on NSE (GRSE) and BSE (542011). Its next quarterly results are expected on May-June 2024 (for Q4 FY24).