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Garden Reach Shipbuilders & Engineers Ltd

GRSE

Garden Reach Shipbuilders & Engineers Ltd

GRSE
IndustrialsShipbuilding
SmallcapWith a market cap of ₹19,669 cr, stock is ranked 360
High RiskStock is 4.48x as volatile as Nifty
1,717.100.56% (-9.60)
1,717.100.56% (-9.60)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsShipbuilding
SmallcapWith a market cap of ₹19,669 cr, stock is ranked 360
High RiskStock is 4.48x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsShipbuilding
SmallcapWith a market cap of ₹19,669 cr, stock is ranked 360
High RiskStock is 4.48x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
53.4911.750.55%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.947.220.45%

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 15.64%

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 14.25% to 17.4%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 26.58%, vs industry avg of 25.24%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,848.551,137.901,526.991,557.661,658.801,326.561,915.772,762.993,892.264,149.31
Raw Materialssubtract1,013.42454.46257.87772.44128.05471.17943.571,607.342,257.433,602.16
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/Amortizationsubtract27.8026.6528.9627.0830.0929.0935.7139.1741.3341.64
Interest & Other Itemssubtract4.409.127.695.112.889.951.836.8312.6511.11
Taxes & Other Itemssubtract87.098.6535.3569.0260.3953.6567.7177.09123.66126.64
EPS13.280.937.759.6014.2713.4016.5519.9131.1932.10
DPS2.004.374.436.957.145.005.806.209.368.62
Payout ratio0.154.720.570.720.500.370.350.310.300.27

Company Updates

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

Annual Report Unavailable

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 Ltd55.0611.750.55%
Mazagon Dock Shipbuilders Ltd43.5013.50
Cochin Shipyard Ltd57.969.07
JITF Infralogistics Ltd64.5776.31

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 2.77%

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%2.52%0.69%3.91%18.38%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun2.67%3.11%3.34%2.87%3.26%3.91%

Mutual Funds Holding Trend

Decreased 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 decreased by 2.82%

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
1.4731%0.30%-0.22%38/293 (-7)
Motilal Oswal Nifty India Defence Index Fund - Growth - Direct Plan

Growth
0.3652%3.18%3.18%10/17 (+4)
Edelweiss Business Cycle Fund - Growth - Direct Plan

Growth
0.0975%1.02%1.02%43/63 (-41)

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 ₹5.26 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
Corporate
GRSE wins order for multi-purpose vessels of 7500 DWT

Garden Reach Shipbuilders & Engineers has signed a contract with M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co., KG Germany, on 22 June 2024, for construction and delivery of four (04) multi-purpose vessels of 7,500 DWT each, with an option of building another four (04) ships in near future. The order is valued at USD 54 million for four vessels and a total of USD 108 million for eight vessels. Powered by Capital Market - Live

11 hours agoCapital Market - Live
Corporate
Garden Reach Shipbuilders & Engineers upgraded to 'Schedule A' CPSE

Garden Reach Shipbuilders & Engineers (GRSE) has been upgraded from 'Schedule S' to 'Schedule A' CPSE by the Government of India. This is a significant milestone for GRSE, reflecting its robust financial performance, operational efficiency, and contribution to national security. The Department of Public Enterprises, Ministry of Finance, Government of India, officially notified this upgradation on its website on 17 September 2024. This upgradation of GRSE to 'Schedule A' status will enable GRSE to enhance its senior management capacity, allowing it to more effectively oversee and manage its business.Powered by Capital Market - Live

18 hours agoCapital Market - Live
Corporate
Garden Reach Shipbuilders& Engineers schedules AGM

Garden Reach Shipbuilders& Engineers announced that the Annual General Meeting (AGM) of the company will be held on 20 September 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Garden Reach gains on inking MoU with NHIDCL

The said agreement entails the construction and delivery of Class 70R double lane bridges, designed exclusively by the company, to enhance connectivity in critical forward areas along India's borders, facilitating seamless troop and equipment deployment. Unparalleled in its innovation, the double-lane Steel Bridge developed by the company stands as the sole indigenous solution of its kind, in line with India's Aatmanirbhar Bharat Abhiyan. Under similar MoU signed with border roads organization (BRO), the company has already supplied 44 nos. Bridges Pan 'India. 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 on year (YoY) to Rs 1,009.72 crore in the quarter ended 30 June 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
GRSE partners with National Highway Infrastructure Development Corporation

Garden Reach Shipbuilders & Engineers (GRSE) achieved yet another momentous milestone by securing a groundbreaking deal with the National Highway Infrastructure Development Corporation (NHIDCL) for the fabrication, supply and launching of Double-Lane Class 70 modular steel & Bailey bridges. This landmark agreement entails the construction and delivery of Class 70R DoubleLane Bridges, designed exclusively by GRSE, to enhance connectivity in critical forward areas along India's borders, facilitating seamless troop and equipment deployment. Under similar MoU signed with Border Roads Organization (BRO), GRSE has already supplied 44 nos. Bridges Pan -India. The first bridge of this kind, was constructed at Flaghill, Dokalam, Sikkim at an altitude of 11,000 feet under Project Swastik of the BRO, inaugurated by Hon'ble Defence Minister Rajnath Singh on 28 December 2021. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
GRSE rallies on bargain buying

The stock slipped 9.63% in the past two trading sessions to end at Rs 1,777.25 on yesterday, from its recent closing high of Rs 1966.70 recorded on 16 August 2024. On the BSE, 1.99 lakh shares were traded in the counter so far compared with average daily volumes of 1.13 lakh shares in the past two weeks. The stock hit a high of Rs 1,865.10 and a low of Rs 1,726.10 so far during the day. The stock hit a 52-week high of Rs 2,834.60 on 5 July 2024. The stock hit a 52-week low of Rs 648.05 on 26 October 2023. The stock had underperformed the market over the past one month, declining 29.51% compared with 0.3% increase in the Sensex. The scrip had outperformed the market in past three months, advancing 49.97% as against Sensex's 9.18% jump. The counter had outperformed the market in past one year, soaring 138.9% as against 23.81% rise in Sensex. On the technical front, the stock's daily RSI (relative strength index) stood at 34.097. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading below its 50-day simple moving average (SMA) placed at 2,147.35, respectively. Such level will act as resistance in the near term. 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. The company reported 13.71% increase in sandalone 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

4 weeks agoCapital Market - Live
Earnings
Garden Reach Shipbuilders & Engineers standalone net profit rises 13.71% in the June 2024 quarter

Net profit of Garden Reach Shipbuilders & Engineers rose 13.71% to Rs 87.19 crore in the quarter ended June 2024 as against Rs 76.68 crore during the previous quarter ended June 2023. Sales rose 33.58% to Rs 1009.72 crore in the quarter ended June 2024 as against Rs 755.90 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1009.72755.90 34 OPM %5.576.09 - PBDT125.88112.07 12 PBT115.44101.94 13 NP87.1976.68 14 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Garden Reach Shipbuilders& Engineers announces board meeting date

Garden Reach Shipbuilders& Engineers will hold a meeting of the Board of Directors of the Company on 8 August 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live

JK Paper Ltd leads losers in ‘A’ group

1 month agoBusiness Standard
Corporate
GRSE signs MoUs with Merlinhawk Aerospace and KELTRON

Garden Reach Shipbuilders & Engineers has entered into the following two (2) numbers of non-binding MoUs: a) M/s Merlinhawk Aerospace for Collaboration towards development of composite Doors and Hatches for use in Naval Ships, Counter UAV Solution using EDFCS along with CRN 91, EOIRST for Surveillance, Composite Masts for Indian Navy Ships and Hydrogen fuel cells based power generation for maritime applications. b) M/s Kerala State Electronics Development Corporation (KELTRON) for establishing collaborative working arrangement towards development of core futuristic technologies in various fields to achieve self-reliance in certain areas of Under Water Surveillance. Powered by Capital Market - Live

1 month agoCapital Market - Live