Capital Goods · NIFTY 500
Garden Reach Shipbuilders & Engineers Limited
NSEGRSE
BSE542011 ISININE382Z01011 SeriesEQ Listed on NSE · BSE
₹2,211.50 -13.90 (-0.62%) Updated 12 Nov, 7:47 pm IST
Price, daily close-16.45% in a year
Today
- Open
- ₹2,230.50
- Prev close
- ₹2,225.40
- Day high
- ₹2,274.20
- Day low
- ₹2,195.50
- Volume
- 8.35 L
- Value traded
- ₹186.06 Cr
- Upper circuit
- ₹2,670.40
- Lower circuit
- ₹1,780.40
- 52W high
- ₹3,339.00
- 52W low
- ₹1,842.00
- 1 month
- +6.04%
- 6 months
- -27.40%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Standalone) and today's price. TTM = last four quarters.
Market cap₹25,333 Cr
P/E (TTM)30.94
P/B8.75
Book value / share₹252.88
EPS (TTM)₹71.48
ROE28.3%
Dividend yield0.63%
Dividend (12m)₹13.85 / share
Net margin (TTM)10.7%
Operating margin10.7%
Debt / equity0.05
Current ratio1.36
EV / EBITDA29.19
Sales growth (YoY qtr)+8.90%
Profit growth (YoY qtr)+11.83%
Sales CAGR 3Y+39.83%
Profit CAGR 3Y+48.56%
Shares11.46 Cr
Quarterly results
Results for each quarter
Last 12 quarters, standalone, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+10%-0.6%+14%+10%+29%-20%+28%+13%+12%-14%+0.7%
Revenue · YoY (vs a year ago)
————+38%+62%+30%+45%+49%+29%+39%+8.9%
Net profit · QoQ (vs last quarter)
—+26%-22%+12%+0.4%+149%-51%+28%+11%+78%-43%-0.5%
Net profit · YoY (vs a year ago)
————+11%+119%+38%+57%+74%+24%+44%+12%
RevenueNet profitLine = trend
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————+11%+119%+38%+57%+74%+24%+44%+12%
EPS (₹)Line = trend
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 923 | 1,016 | 1,010 | 1,153 | 1,271 | 1,642 | 1,310 | 1,677 | 1,896 | 2,119 | 1,815 | 1,827 |
| Other income | 81.5 | 75.9 | 73.9 | 74.9 | 72.1 | 114 | 72.5 | 68.7 | 62.0 | 71.2 | 99.6 | 59.0 |
| Total income | 1,005 | 1,092 | 1,084 | 1,228 | 1,343 | 1,756 | 1,382 | 1,746 | 1,958 | 2,190 | 1,914 | 1,886 |
| Raw material | 546 | 466 | 599 | 807 | 874 | 1,045 | 680 | 678 | 1,252 | 812 | 1,244 | 1,087 |
| Purchases | 21.4 | 138 | 117 | 28.6 | 23.3 | 102 | 72.0 | 147 | 153 | 216 | 128 | 138 |
| Employee cost | 86.3 | 94.4 | 90.3 | 82.5 | 90.8 | 97.3 | 106 | 93.5 | 101 | 112 | 101 | 87.4 |
| Other expenses | 222 | 223 | 181 | 169 | 190 | 217 | 343 | 558 | 217 | 617 | 192 | 327 |
| Total expenses | 886 | 939 | 968 | 1,097 | 1,209 | 1,432 | 1,216 | 1,537 | 1,740 | 1,780 | 1,683 | 1,654 |
| Operating profit | 48.7 | 90.6 | 56.3 | 68.7 | 75.3 | 221 | 112 | 156 | 172 | 355 | 149 | 195 |
| OPM % | 5.3% | 8.9% | 5.6% | 6.0% | 5.9% | 13.5% | 8.5% | 9.3% | 9.1% | 16.8% | 8.2% | 10.7% |
| Finance cost | 1.1 | 3.3 | 4.2 | 2.4 | 2.3 | 1.4 | 6.1 | 3.6 | 3.8 | 2.6 | 3.8 | 8.5 |
| Depreciation | 10.4 | 10.4 | 10.4 | 10.7 | 11.3 | 10.0 | 11.7 | 11.9 | 12.4 | 13.0 | 13.5 | 14.3 |
| Profit before tax | 119 | 153 | 115 | 131 | 134 | 324 | 167 | 209 | 218 | 411 | 232 | 232 |
| Tax | 30.4 | 41.2 | 28.2 | 32.8 | 35.6 | 79.3 | 46.5 | 55.6 | 47.0 | 108 | 58.7 | 59.6 |
| Net profit | 88.3 | 112 | 87.2 | 97.8 | 98.2 | 244 | 120 | 154 | 171 | 303 | 173 | 172 |
| EPS (₹) | 7.70 | 9.74 | 7.61 | 8.54 | 8.57 | 21.32 | 10.49 | 13.43 | 14.91 | 26.47 | 15.09 | 15.01 |
Profit & loss
Results for each year
8 financial years (April to March), standalone, ₹ crore.
Sales, operating profit and net profit
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—+3.4%-20%+54%+46%+40%+41%+38%
Net profit · YoY (vs a year ago)
—+49%-6.1%+23%+20%+57%+48%+42%
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,386 | 1,433 | 1,141 | 1,758 | 2,561 | 3,593 | 5,076 | 7,002 |
| Other income | 171 | 225 | 188 | 161 | 202 | 300 | 335 | 274 |
| Total expenses | 1,377 | 1,424 | 1,101 | 1,653 | 2,458 | 3,411 | 4,707 | 6,272 |
| Employee cost | 291 | 297 | 269 | 290 | 317 | 349 | 361 | 413 |
| Operating profit | 39.9 | 29.8 | 51.3 | 133 | 149 | 234 | 421 | 795 |
| OPM % | 2.9% | 2.1% | 4.5% | 7.6% | 5.8% | 6.5% | 8.3% | 11.4% |
| Finance cost | 5.1 | 1.3 | 2.7 | 0.8 | 6.5 | 11.5 | 10.3 | 16.1 |
| Depreciation | 27.1 | 30.1 | 29.1 | 35.7 | 39.2 | 41.3 | 42.5 | 48.9 |
| Profit before tax | 179 | 224 | 207 | 257 | 305 | 481 | 703 | 1,005 |
| Tax | 69.0 | 60.4 | 53.6 | 67.7 | 77.1 | 124 | 176 | 257 |
| Tax rate % | 38.6% | 27.0% | 25.9% | 26.3% | 25.3% | 25.7% | 25.0% | 25.6% |
| Net profit | 110 | 163 | 153 | 190 | 228 | 357 | 527 | 748 |
| Net margin % | 7.9% | 11.4% | 13.5% | 10.8% | 8.9% | 9.9% | 10.4% | 10.7% |
| EPS (₹) | 9.60 | 14.27 | 13.40 | 16.55 | 19.91 | 31.19 | 46.04 | 65.29 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—+18%+24%+26%—
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 1,414 | 1,673 | 2,079 | 2,626 | 2,897 |
| Long-term borrowings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Short-term borrowings | 301 | 55.6 | 0.0 | 0.0 | 136 |
| Total borrowings | 301 | 55.6 | — | — | 136 |
| Current liabilities | 9,241 | 8,456 | 8,149 | 7,859 | 6,149 |
| Fixed assets (PPE) | 499 | 485 | 499 | 557 | 547 |
| Inventories | 2,919 | 3,984 | 3,552 | 3,402 | 2,109 |
| Trade receivables | 50.8 | 194 | 259 | 1,221 | 1,103 |
| Cash & equivalents | 14.0 | 5.3 | 3.9 | 17.3 | 17.7 |
| Current assets | 9,895 | 9,446 | 9,524 | 9,697 | 8,382 |
| Total assets | 10,776 | 10,252 | 10,354 | 10,636 | 9,199 |
| Debt / equity | 0.21 | 0.03 | — | — | 0.05 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—+507%-149%+102%-1,959%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -356 | 1,450 | -707 | 15.6 | -290 |
| Cash from investing | 428 | -1,666 | 1,056 | 170 | 527 |
| Cash from financing | -71.8 | 220 | -358 | -187 | -223 |
| Spent on fixed assets | -54.8 | -42.3 | -48.1 | -67.1 | -76.9 |
| Free cash flow | -411 | 1,408 | -755 | -51.5 | -367 |
| Net cash flow | 0.4 | 4.3 | -8.7 | -1.4 | 13.4 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
74.5%promoter
- Promoter & group
- 74.50%
- Public (FIIs, mutual funds, retail…)
- 25.50%
- Promoter change, last quarter
- 0.00 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Rs 6.70 Per Share
- Interim Dividend - Rs 7.15 Per Share
- Interim Dividend - Rs 5.75 Per Sh
- Dividend - Rs 4.90 Per Share
- Interim Dividend - Rs 8.95 Per Share
- Annual General Meeting/Dividend - Rs 1.44 Per Share
- Interim Dividend - Rs 7.92 Per Share
- Annual General Meeting/Dividend - Re 0.70 Per Share
Board meetings
- Garden Reach Shipbuilders & Engineers Limited has informed the Exchange about Board Meeting to be held on 11-Nov-2026 to inter-alia consider and appr…
- This has reference to our letter No. SECY/GRSE/BD-69/CA/35/26-27 dated 23 Oct 2026 on the subject matter of Intimation of Date of Board Meeting to, …
- Garden Reach Shipbuilders & Engineers Limited has informed the Exchange about Board Meeting to be held on 04-Nov-2026 to inter-alia consider and appr…
- the financial results for the period ended September 30, 2026
- Garden Reach Shipbuilders & Engineers Limited has informed the Exchange about Board Meeting to be held on 29-Jul-2026 to inter-alia consider and appr…
Filings with NSE
- Press Release
- Integrated Filing- Financial
- Outcome of Board Meeting
- Bagging/Receiving of orders/contracts
- Press Release
- Change in Director(s)
- Change in Director(s)
Latest news
GRSE stock gains 2% despite Q2 results miss; here's what brokerages suggestBusiness Standard · 12 Nov, 9:55 amGRSE shares rises 2% after Q2 net profit climbs 12% YoYThe Economic Times · 12 Nov, 10:50 amBearish Call: Goldman Sachs sees 22% downside in this defence PSU stock; find out whyCNBC TV18 · 12 Nov, 12:09 pmDefence Stock Jumps: GRSE Share Price Gains Over 2% After Q2 Results. Should You Buy, Sell, Or Hold?NDTV Profit · 12 Nov, 10:07 amGRSE Q2 results: Profit rises 12% YoY to ₹172 crore despite material cost overhang; stock jumps over 3%Upstox · 11 Nov, 3:45 pmGarden Reach Shipbuilders & Engineers Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2026www.marketscreener.com · 11 Nov, 9:08 pmStock of the day - Garden Reach Shipbuilders & Engineers Limited Target Rs. 1270 - Religare Broking LtdInvestment Guru India · 19 Aug, 12:30 pmGarden Reach Shipbuilders Share Price Today: Why It Is LowerUnivest · 28 Oct, 12:30 pmAbout
About Garden Reach Shipbuilders & Engineers Limited
Garden Reach Shipbuilders & Engineers Limited is listed on the NSE under the symbol GRSE and belongs to the Capital Goods sector.
Company details
- Company name
- Garden Reach Shipbuilders & Engineers Limited
- NSE symbol
- GRSE
- BSE scrip code
- 542011
- ISIN
- INE382Z01011
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 10 Oct 2018
- Face value
- ₹10 per share
- Market lot
- 1 share
- Shares issued
- 11.46 crore
- Index
- NIFTY 500
- Sector (NSE)
- Capital Goods
- Industry
- Trucks/Construction/Farm Machinery
- Managing director / CEO
- P R Hari
- Chair
- P R Hari
- Headquarters
- Kolkata, West Bengal, India
- Founded
- 1884
- Employees
- 1,595
- Financial year
- April to March
- Results basis
- Standalone
- Website
- grse.in
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.