Garden Reach Shipbuilders & Engineers Overview and Performance

Garden Reach Shipbuilders & Engineers has a rich history dating back to 1884, when it was established as a private shipyard in Kolkata, India.

The company has undergone significant transformations over the years, with a major milestone being its nationalization in 1960.

As a major public sector undertaking, Garden Reach Shipbuilders & Engineers has played a crucial role in India's shipbuilding industry, contributing to the country's economic growth and development.

The company has a vast experience in designing and building various types of ships, including naval ships, cargo ships, and passenger vessels.

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GRSE has ship building facilities in Kolkata and a diesel engine plant in Ranchi, making it a significant player in the shipbuilding industry. It has a large computer-aided design (CAD) centre for ship modelling and design.

GRSE has a dry dock for ships up to 26,000 tonnes deadweight (DWT), which is a massive facility for repairing and maintaining large vessels. It also has a building berth and two slipways for hull construction.

GRSE has two river jetties for berthing smaller vessels up to 60 metres (200 ft) in length, providing flexibility for handling various types of ships.

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GRSE has a large computer-aided design (CAD) centre for ship modelling and design.

It has facilities in Kolkata and a diesel engine plant in Ranchi.

GRSE has a dry dock for ships up to 26,000 tonnes deadweight (DWT).

It has a building berth and two slipways for hull construction.

GRSE has a covered all-weather non-tidal wet basin for fitting-out medium and small ships and another fitting-out complex for ships with three berths alongside.

It also has two river jetties for berthing smaller vessels up to 60 metres in length.

GRSE acquired the loss-making Rajabagan Dockyard (RBD) of Central Inland Water Transport Corporation (CIWTC) in 2006.

This acquisition helped alleviate some of GRSE's space constraints and increase its production capacity.

GRSE signed a Frame and Individual License Agreement with Rolls-Royce Solutions, Germany to co-operate in the license production and localisation of the MTU IMO Tier II compliant Series 4000 Marine Engines.

The engines can power warships of fast patrol vessel, interceptor boat and fast attack craft class ships of the Indian Navy and the Indian Coast Guard.

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The facilities and operations team plays a crucial role in ensuring the smooth functioning of a building or organization. They are responsible for managing the physical space, maintaining equipment, and providing essential services.

A well-designed facility can boost employee productivity and satisfaction. For example, a study found that employees who work in spaces with natural light and good ventilation experience a 15% increase in productivity.

The facilities and operations team must also ensure that the building is safe and secure. This includes conducting regular fire drills and maintaining a comprehensive emergency response plan. In fact, a survey found that 75% of organizations have a formal emergency response plan in place.

Regular maintenance is key to preventing equipment failures and reducing downtime. According to industry estimates, a single equipment failure can cost an organization up to $100,000 in lost productivity and repairs.

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GRSE has a long history of designing and building naval vessels for the Indian Navy and Coast Guard, with a total of 108 warships and patrol vessels constructed over the last 63 years.

As of March 2024, GRSE has built a wide range of vessels, including guided-missile frigates, corvettes, fleet tankers, fast patrol vessels, amphibious warfare vessels, and hovercraft.

Some notable warships built by GRSE include the Aditya-class auxiliary ship and the Brahmaputra-class frigates.

Here are some of the notable warships built by GRSE:

As of September 2025, GRSE has 13 warships under construction, including six Anti-Submarine Warfare Shallow Water Craft and two Nilgiri-class frigates.

GRSE also undertakes ship refitting operations, with notable projects including the Abhay-class corvette and the Sri Lankan Navy Offshore Patrol Vessel.

Here are some of the notable refit projects undertaken by GRSE:

Garden Reach Shipbuilders & Engineers has seen a significant increase in sales over the years, with a compounded sales growth of 13% over the past 10 years.

The company's sales have been steadily rising, with a 40% compounded growth in the last year alone. In 2023, sales reached ₹2,561 crore, a significant jump from the ₹1,141 crore in 2021.

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The company's operating profit margin (OPM) has also shown improvement, with an OPM of 9% in 2023, up from 7% in 2021.

Here's a breakdown of the company's sales growth over the past 10 years:

The company's net profit has also seen a significant increase, with a net profit of ₹560 crore in 2023, up from ₹153 crore in 2021.

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The financial performance of a company is a crucial aspect to consider, and GRSE's revenue forecast is no exception. All values are in ₹ Thousand crore.

GRSE's revenue forecast is a significant indicator of its financial health. The company has a strong financial foundation, with a robust revenue growth trajectory.

The forecast suggests that GRSE's revenue will continue to grow, with a steady increase in its financial performance. This is likely to be driven by the company's strategic initiatives and expanding market presence.

As the company's revenue grows, it will also lead to an increase in its financial resources, enabling it to invest in new projects and initiatives. This will further enhance its financial performance and create new opportunities for growth.

The revenue forecast also indicates that GRSE will be able to maintain its profitability, even as it expands its operations. This is a testament to the company's efficient financial management and its ability to adapt to changing market conditions.

In this section, we'll take a closer look at how Garden Reach Shipbuilders & Engineers Ltd compares to its peers in terms of financial performance. The company's PE ratio of 59.01 is significantly higher than its peers, with Mazagon Dock Shipbuilders Ltd having a PE ratio of 48.87 and Cochin Shipyard Ltd having a PE ratio of 61.27.

Let's take a look at the volatility of these companies. Garden Reach Shipbuilders & Engineers Ltd has a volatility of 61.96%, which is significantly higher than its peers. Mazagon Dock Shipbuilders Ltd has a volatility of 48.90%, while Cochin Shipyard Ltd has a volatility of 48.27%.

Here's a comparison of the RSI-14D values for these companies. Garden Reach Shipbuilders & Engineers Ltd has an RSI-14D value of 68.14, which is higher than its peers. Mazagon Dock Shipbuilders Ltd has an RSI-14D value of 80.71, while Cochin Shipyard Ltd has an RSI-14D value of 83.52.

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The price momentum rank for these companies is also worth noting. Garden Reach Shipbuilders & Engineers Ltd has a price momentum rank of "Pro", indicating strong price momentum. Mazagon Dock Shipbuilders Ltd and Cochin Shipyard Ltd do not have a price momentum rank listed.

The dividend yield for these companies is relatively low, ranging from 0.51% to 0.59%. Garden Reach Shipbuilders & Engineers Ltd has a dividend yield of 0.51%, while Mazagon Dock Shipbuilders Ltd has a dividend yield of 0.59%. Cochin Shipyard Ltd also has a dividend yield of 0.51%.

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The promoter holdings in GRSE have stayed constant over the last 6 months, with pledged promoter holdings being insignificant.

Retail investors have been decreasing their stake in GRSE over the past 3 months, with a 1.83% drop.

Foreign institutional investors, on the other hand, have been increasing their stake in the company, with a 1.49% rise over the same period.

GRSE's promoter holdings have remained stable, indicating a consistent level of ownership and control within the company.

The decrease in retail holdings suggests that individual investors may be selling their shares, potentially creating an opportunity for other investors to buy in.

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As an investor, you'll want to know the basics about Garden Reach Shipbuilders & Engineers. The company has a rich history, dating back to 1884, when it was established as the Garden Reach Workshop.

Garden Reach Shipbuilders & Engineers is a 100% owned subsidiary of the Mazagon Dock Shipbuilders Limited, which is a government-owned company. This ownership structure can impact the company's operations and decision-making processes.

The company has a strong presence in the Indian shipbuilding industry, with a diverse portfolio of products and services.

The Stock Scorecard is a crucial tool for investors to evaluate a company's performance and potential. The valuation of GRSE seems to be overvalued compared to the market average, with a PB Ratio of 55.54.

Growth has been moderate for a few years, but the company is showing good signs of profitability and efficiency. This could be a positive indicator for future growth.

The stock is currently underpriced and not in the overbought zone, making it a potentially good entry point. Here's a comparison of GRSE's key metrics with its sector averages:

Promoter holdings in GRSE have remained relatively stable over the last six months, with insignificant pledged holdings. This could be a sign of confidence in the company's future prospects.

Garden Reach Shipbuilders & Engineers Ltd is a company that several mutual funds have a stake in.

According to the data, the top 5 mutual funds holding shares of Garden Reach Shipbuilders & Engineers Ltd are listed on various platforms that compare mutual fund holdings.

You can check the 3-month change in mutual fund holdings on Screener to see how the top 5 mutual funds' stakes in the company have changed recently.

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If you're looking for stocks similar to XYZ Inc., consider companies like ABC Corp. and DEF Enterprises. They operate in the same industry and have similar market capitalization.

ABC Corp. has a market capitalization of $10 billion, slightly lower than XYZ Inc.'s $12 billion. Their revenue growth rate is 15% annually, comparable to XYZ Inc.'s 18% growth rate.

DEF Enterprises has a debt-to-equity ratio of 0.5, similar to XYZ Inc.'s 0.6 ratio. Their profit margin is 10%, also in line with XYZ Inc.'s 12% margin.

These companies have a similar business model to XYZ Inc., with a focus on innovation and customer satisfaction.

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You can check if a stock is part of a smallcase by looking for smallcases containing that stock. For example, GRSE stock is not in any smallcase yet.

Smallcases are a great way to diversify your portfolio, but you need to know how to find them.

To create your own smallcase, you can start by selecting individual stocks that you want to include.

Garden Reach Shipbuilders & Engineers has made some significant announcements in recent months.

They announced changes to their board of directors in July 2025, with Vinith Aerat being promoted to the rank of Chief General Manager, effective July 15.

Garden Reach Shipbuilders & Engineers Limited has signed a contract for four hybrid MPVS worth $62.44 million, which was announced on September 19.

They have also received an award from M/S Carsten Rehder Schiffsmakler and Reederei Gmbh & Co, Germany, also on September 19.

The company has set a record date for their final dividend, which was announced on August 26.

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Here are the key dates for the announcements made by Garden Reach Shipbuilders & Engineers:

Garden Reach Shipbuilders & Engineers Limited has also reported their earnings results for the first quarter ended June 30, 2025, on August 8.

They have signed a memorandum of understanding with Reintjes Gmbh on August 1, and with CFF Fluid Control on July 15.

Their Q1 2026 earnings call was held on August 19, 2025.

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GRSE has consistently increased its dividends over the last 5 years, which is a promising sign for investors. This trend shows that the company is committed to sharing its profits with its shareholders.

The current dividend yield is 0.51%, which means that an investment of ₹1,000 in the stock is expected to generate a dividend of ₹5.10 every year. This is a relatively small return, but it's still a good incentive for investors to hold onto their shares.

GRSE has paid out a cash dividend of ₹4.90 per share, with the ex-date being September 12, 2025. This is a specific example of the company's dividend payout history, which investors can use to make informed decisions.

The last transcript is a crucial part of dividend investing, and it's essential to understand its limitations.

Dividend investing often relies on historical data, but the last transcript can be misleading due to its limited scope.

A single transcript can only reflect the company's financial situation at a specific point in time, which may not accurately represent its current or future performance.

The last transcript can be influenced by various factors, such as one-time events or unusual transactions, that may not be representative of the company's overall financial health.

Investors should be cautious when relying solely on the last transcript, as it may not provide a complete picture of the company's financial situation.

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GRSE has consistently increased its dividends over the last 5 years.

The current dividend yield is a relatively modest 0.51%, but it's still a sign of a stable company.

An investment of ₹1,000 in the stock is expected to generate a dividend of ₹5.10 every year.

This means that if you hold the stock, you can expect a decent return on your investment in the form of dividends.

GRSE has a history of paying out dividends, with the most recent cash dividend being ₹4.90 per share.

The ex-date for this dividend was September 12, 2025.

Garden Reach Shipbuilders & Engineers has a diverse team of managers and directors who have been with the company for various periods of time.

Hari P. Rukminiamma is the CEO, having taken the role on February 28, 2022.

Dumpala Vijayam has been the CTO since October 24, 2011.

Sandeep Mahapatra is the Compliance Officer, having joined the company on July 20, 2017.

In addition to these managers, Hari P. Rukminiamma also serves as the Chairman, having taken on the role on February 28, 2022.

Ramesh Kumar Dash is a Director/Board Member, having been with the company since June 30, 2020.

Shantanu Bose is another Director/Board Member, having joined the company on June 6, 2022.

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