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Garden Reach Shipbuilders & Engineers Ltd

GRSE

Garden Reach Shipbuilders & Engineers Ltd

GRSE
IndustrialsShipbuilding
SmallcapWith a market cap of ₹20,349 cr, stock is ranked 344
High RiskStock is 4.56x as volatile as Nifty
1,751.250.21% (-3.60)
1,751.250.21% (-3.60)

Price Chart

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1W
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Max
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IndustrialsShipbuilding
SmallcapWith a market cap of ₹20,349 cr, stock is ranked 344
High RiskStock is 4.56x as volatile as Nifty

How to use scorecard? Learn more

IndustrialsShipbuilding
SmallcapWith a market cap of ₹20,349 cr, stock is ranked 344
High RiskStock is 4.56x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
52.8812.160.53%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
50.597.170.53%

Forecast & Ratings

Detailed Forecast 
50%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Garden Reach Shipbuilders & Engineers is a shipbuilding company engaged in shipbuilding, engineering and engine production activities

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 20.1%, vs industry avg of 15.4%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 14.23% to 17.27%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,848.551,137.901,526.991,557.661,658.801,326.561,915.772,762.993,892.264,407.69
Raw Materialssubtract1,013.42454.46257.87772.44128.05471.17943.571,607.342,257.433,837.21
Power & Fuel Costsubtract10.7910.529.698.718.456.308.638.899.83
Employee Costsubtract291.74285.78298.60291.47296.94269.38290.29316.91348.93
Selling & Administrative Expensessubtract47.38128.1289.1561.4793.7656.9855.4550.3860.65
Operating & Other expensessubtract201.48203.14707.28212.41874.76276.58323.05428.25680.52
Depreciation/Amortizationsubtract27.8026.6528.9627.0830.0929.0935.7139.1741.3342.00
Interest & Other Itemssubtract4.409.127.695.112.889.951.836.8312.6511.04
Taxes & Other Itemssubtract87.098.6535.3569.0260.3953.6567.7177.09123.66132.65
EPS13.280.937.759.6014.2713.4016.5519.9131.1933.59
DPS2.004.374.436.957.145.005.806.209.369.36
Payout ratio0.154.720.570.720.500.370.350.310.300.28

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2019

Annual report

PDF

Investor Presentation

Jun 6PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsShipbuilding

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Garden Reach Shipbuilders & Engineers Ltd56.9612.160.53%
Mazagon Dock Shipbuilders Ltd50.8215.770.56%
Cochin Shipyard Ltd56.958.920.41%
Knowledge Marine & Engineering Works Ltd59.0713.55—

Price Comparison

Compare GRSE with any stock or ETF
Compare GRSE with any stock or ETF
GRSE
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 3.85%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding74.50%1.61%0.26%3.65%19.98%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep3.11%3.34%2.87%3.26%3.91%3.65%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Garden Reach Shipbuilders & Engineers Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Balanced Advantage Fund - Growth - Direct Plan

Growth
0.9902%0.21%-0.09%90/305 (-51)
Motilal Oswal Nifty India Defence Index Fund - Growth - Direct Plan

Growth
0.2947%2.82%-0.36%10/18 (0)
Edelweiss Business Cycle Fund - Growth - Direct Plan

Growth
0.0840%0.94%-0.10%29/70 (-3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.53%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.27 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 13, 2024

Final
Final | Div/Share: ₹1.44

Dividend/Share

₹1.44

Ex DateEx Date

Sep 13, 2024

Cash Dividend

Ex DateEx DateFeb 23, 2024

Interim
Interim | Div/Share: ₹7.92

Dividend/Share

₹7.92

Ex DateEx Date

Feb 23, 2024

Cash Dividend

Ex DateEx DateSep 15, 2023

Final
Final | Div/Share: ₹0.70

Dividend/Share

₹0.70

Ex DateEx Date

Sep 15, 2023

Cash Dividend

Ex DateEx DateFeb 20, 2023

Interim
Interim | Div/Share: ₹5.50

Dividend/Share

₹5.50

Ex DateEx Date

Feb 20, 2023

Cash Dividend

Ex DateEx DateSep 16, 2022

Final
Final | Div/Share: ₹0.85

Dividend/Share

₹0.85

Ex DateEx Date

Sep 16, 2022

News & Opinions
Spotlight
GRSE gains on inking supply contract of 7500 DWT vessel

Earlier, on September 18, 2024, GRSE informed that it had bagged an order for the construction and delivery of additional four MPVs of 7,500 DWT each. 'The contracts for the remaining two vessels will be communicated as and when the respective contracts are signed,' said GRSE in an exchange filing. State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, as well as testing & overhauling of marine diesel engines. As on 30 September 2024, the Government of India holds 74.50% in the company. The company's net profit climbed 21.09% to Rs 97.77 crore on 28.4% rise in revenue from operations to Rs 1,152.92 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

4 days agoCapital Market - Live
Corporate
GRSE signs contract for construction and delivery of 7500 DWT Multi-Purpose Vessel

Garden Reach Shipbuilders & Engineers has signed Contract for construction and delivery of second ship from series of the four additional vessel 7500 DWT Multi-Purpose Vessels (MPV) on 04 Dec 2024 at Hamburg, Germany. The contracts for the remaining two vessels will be communicated as and when the respective contracts signed. Powered by Capital Market - Live

5 days agoCapital Market - Live
Spotlight
GRSE bags contract from Govt of West Bengal to manufacture hybrid ferries

The ferries will be operated on the River Hooghly by the West Bengal Transport Infrastructure Development Corporation. As per the contract, the hybrid ferries will carry passengers in all-weather conditions on River Hooghly (part of National Waterway ' 1, the Ganga-Bhagirathi-Hooghly River System) in the Kolkata Metropolitan Area (KMA), stretching from Triveni in the north to Diamond Harbour in the south. The said vessels will have catamaran hull design and be built with aluminum and Fiber Reinforced Polymer or FRP. The hybrid electric propulsion systems will be powered by batteries as well as diesel generators. The hybrid system will offer greater flexibility to the operator to switch from one mode to the other as per requirement, allowing for greater safety. The use of batteries will reduce pollution substantially. Of the 13 ferries for which the contract was signed, six will have twin decks with a capacity of 200 passengers each. The main deck will be air-conditioned. The estimated cost of these six vessels is Rs 126.41 crore (exclusing GST). The remaining seven vessels will have only a single deck with a passenger capacity of 100. These ferries will be nearly 25 meters long and 8 meters wide with a top speed of 9 knots. There is provision for five crew members on board. These seven vessels are expected to cost nearly Rs 99.77 crore (exclusing GST). State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, as well as testing & overhauling of marine diesel engines. As on 30 September 2024, the Government of India holds 74.50% in the company. The company's net profit climbed 21.09% to Rs 97.77 crore on 28.4% rise in revenue from operations to Rs 1,152.92 crore in Q2 FY25 over Q2 FY24. The counter advanced 1.67% to settle at Rs 1411.60 on Tuesday, 19 November 2024. The market will remain shut today on account of Maharashtra Assembly polls.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
GRSE wins contract of Rs 226 cr from Govt. of West Bengal

Garden Reach Shipbuilders & Engineers signed a contract with the Transport Department, Government of West Bengal, for the delivery of 13 hybrid ferries on 19 November, 2024. The ferries will be operated on the River Hooghly by the West Bengal Transport Infrastructure Development Corporation (WBTIDCL). These vessels will have catamaran hull design and be built with aluminum and Fiber Reinforced Polymer or FRP. The hybrid electric propulsion systems will be powered by batteries as well as diesel generators. The hybrid system will offer greater flexibility to the operator to switch from one mode to the other as per requirement, allowing for greater safety. The use of batteries will reduce pollution substantially. Of the 13 ferries for which the contract was signed, six will have twin decks with a capacity of 200 passengers each. The main deck will be air-conditioned. These vessels will be about 30 meters long and 8-10 meters wide. Their maximum speed will be 12 knots and each will require a crew of five. The estimated cost of these six vessels is Rs 126.41 crore (excl. GST). The remaining seven vessels will have only a single deck with a passenger capacity of 100. These ferries will be nearly 25 meters long and 8 meters wide with a top speed of 9 knots. There is provision for five crew members on board. These seven vessels are expected to cost nearly Rs 99.77 crore (excl. GST).Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Garden Reach Shipbuilders& Engineers declare Quarterly Result

Garden Reach Shipbuilders& Engineers will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Garden Reach Shipbuilders & Engineers Ltd leads losers in 'A' group

Equinox India Developments Ltd, Mazagon Dock Shipbuilders Ltd, Electrosteel Castings Ltd and Authum Investment & Infrastructure Ltd are among the other losers in the BSE's 'A' group today, 22 October 2024.Garden Reach Shipbuilders & Engineers Ltd crashed 16.13% to Rs 1513.1 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.46 lakh shares were traded on the counter so far as against the average daily volumes of 1.02 lakh shares in the past one month.Equinox India Developments Ltd tumbled 11.56% to Rs 114.75. The stock was the second biggest loser in 'A' group.On the BSE, 4.62 lakh shares were traded on the counter so far as against the average daily volumes of 2.55 lakh shares in the past one month.Mazagon Dock Shipbuilders Ltd lost 11.48% to Rs 4130. The stock was the third biggest loser in 'A' group.On the BSE, 1.76 lakh shares were traded on the counter so far as against the average daily volumes of 1.54 lakh shares in the past one month.Electrosteel Castings Ltd slipped 10.52% to Rs 165.05. The stock was the fourth biggest loser in 'A' group.On the BSE, 5.66 lakh shares were traded on the counter so far as against the average daily volumes of 1.1 lakh shares in the past one month.Authum Investment & Infrastructure Ltd pared 10.35% to Rs 1673.4. The stock was the fifth biggest loser in 'A' group.On the BSE, 33494 shares were traded on the counter so far as against the average daily volumes of 11847 shares in the past one month.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Garden Reach Shipbuilders spurts after bagging orders worth Rs 491 crore from Defence Ministry

In a regulatory filing made post trading hours on Friday, the company informed that it has received letters of intent of award for a contract worth Rs 491 crore from the Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence DRDO, Kochi. The contract is for design, development, construction, integration of equipment, testing, certification, commissioning & supply of one acoustic research ship (ARS). The project has to be executed within a period of 36 months. State-run Garden Reach Shipbuilders & Engineers (GRSE) is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, as well as testing & overhauling of marine diesel engines. As on 30 June 2024, the Government of India holds 74.50% in the company. On standalone basis, Garden Reach Shipbuilders & Engineers (GRSE) reported 13.71% increase in net profit to Rs 87.19 crore in Q1 FY25 as against Rs 76.68 crore posted in Q1 FY24. Revenue from operations jumped 33.58% year-on-year (YoY) to Rs 1,009.72 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Garden Reach bags contract worth Rs 491 crore from Defence Ministry

The contract is for design, development, construction, integration of equipment, testing, certification, commissioning & supply of one acoustic research ship (ARS). The project has to be executed within a period of 36 months. State-run Garden Reach Shipbuilders & Engineers (GRSE) is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, as well as testing & overhauling of marine diesel engines. As on 30 June 2024, the Government of India holds 74.50% in the company. On standalone basis, Garden Reach Shipbuilders & Engineers (GRSE) reported 13.71% increase in net profit to Rs 87.19 crore in Q1 FY25 as against Rs 76.68 crore posted in Q1 FY24. Revenue from operations jumped 33.58% year onyear (YoY) to Rs 1,009.72 crore in the quarter ended 30 June 2024. The scrip had advanced 1.22% to end at Rs 1765.15 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
GRSE secures defence contract of Rs 491 cr

Garden Reach Shipbuilders & Engineers has received letters of Intent of Award for Contract for Design, development, construction, Integration of Equipment, Testing, certification, commissioning & supply of One Acoustic Research Ship (ARS) from Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence DRDO, Kechi. The value of the contract is Rs 491 crore. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
GRSE bags Rs 226-cr LoA from West Bengal Govt

The contract entails construction of 13 units comprising of 100 Pax hybrid electric ferries for cross ferry operation - non-AC and 200 Pax twin deck hybrid electric ferries for cross ferry operation - with AC on main deck. The contract is to be executed within 30 months from the effective date of entering into the contract. Further, the company has signed contract for construction and delivery of one of the four additional vessel 7500 DWT multi-purpose vessels (MPV). The contracts for the remaining three vessels will be communicated as and when they are finalized. Further, the company signed an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany on 3 October 2024, for the construction and delivery of 5th multi-purpose vessel (MPV) of 7,500 DWT. This contract is in line with the 'option agreement' signed between both the parties, for procurement of four additional MPVs from GRSE. The shipyard will build a total of eight vessels at an approximate order value of $108 million. Each MPV will be 120 metres long and 17 metres wide with a maximum draft of 6.75 metres. It can carry 7,500 MT of cargo. Each vessel will have a single cargo hold to accommodate bulk, general and project cargoes and containers will be carried on hatch covers. These ships have been specifically designed to carry multiple large windmill blades on deck. State-run GRSE is engaged in building warships and other vessels for the Indian Navy and Indian Coast Guard. It has also diversified into engineering business with a product profile of pre-fabricated steel bridges, various deck machinery items and assembly, as well as testing & overhauling of marine diesel engines. As on 30 June 2024, the Government of India holds 74.50% in the company. On standalone basis, Garden Reach Shipbuilders & Engineers (GRSE) reported 13.71% increase in net profit to Rs 87.19 crore in Q1 FY25 as against Rs 76.68 crore posted in Q1 FY24. Revenue from operations jumped 33.58% year onyear (YoY) to Rs 1,009.72 crore in the quarter ended 30 June 2024. Shares of GRSE shed 0.21% to Rs 1,654.45 on the BSE. Powered by Capital Market - Live

2 months agoCapital Market - Live