Garden Reach Shipbuilders & Engineers Ltd
Garden Reach Shipbuilders & Engineers Ltd (GRSE) last reported results for the quarter ended Jun 2026, with sales of ₹1,815 crore and net profit of ₹173 crore. The stock last traded at ₹2,128, a market capitalisation of ₹24,372 crore, on a P/E of 30.4. Over the past 52 weeks the stock has ranged between ₹1,964 and ₹3,339. Figures are as of 6 Oct 2026 and are not real time.
Garden Reach Shipbuilders & Engineers Ltd share price and key metrics
- Current price
- ₹2,128
- Market cap
- ₹24,372 cr
- Stock P/E
- 30.4
- Book value
- ₹229
- ROE
- 31.6%
- ROCE
- 42.8%
- Dividend yield
- 0.93%
- 52w high / low
- 3339/1964
Metrics as of 6 Oct 2026. Not real time.
Track Garden Reach Shipbuilders & Engineers Ltd
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Garden Reach Shipbuilders & Engineers Ltd growth and returns
- 10 Years
- 16%
- 5 Years
- 44%
- 3 Years
- 40%
- TTM
- 40%
- 10 Years
- 16%
- 5 Years
- 36%
- 3 Years
- 50%
- TTM
- 43%
- 10 Years
- %
- 5 Years
- 58%
- 3 Years
- 37%
- 1 Year
- -23%
- 10 Years
- 19%
- 5 Years
- 24%
- 3 Years
- 28%
- Last Year
- 32%
Garden Reach Shipbuilders & Engineers Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹1,815 cr, up 38.5% from ₹1,310 cr a year earlier. Net profit was ₹173 cr, up 44.2% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,153 | 1,271 | 1,642 | 1,310 | 1,677 | 1,896 | 2,119 | 1,815 |
| Expenses | 1,084 | 1,196 | 1,421 | 1,198 | 1,521 | 1,724 | 1,764 | 1,665 |
| Operating profit | 69 | 75 | 221 | 112 | 156 | 172 | 355 | 149 |
| OPM % | 6% | 6% | 13% | 9% | 9% | 9% | 17% | 8% |
| Other income | 75 | 72 | 114 | 73 | 69 | 62 | 71 | 100 |
| Interest | 2 | 2 | 1 | 6 | 4 | 4 | 3 | 4 |
| Depreciation | 11 | 11 | 10 | 12 | 12 | 12 | 13 | 14 |
| Profit before tax | 131 | 134 | 324 | 167 | 209 | 218 | 411 | 232 |
| Tax % | 25% | 27% | 25% | 28% | 27% | 22% | 26% | 25% |
| Net profit | 98 | 98 | 244 | 120 | 154 | 171 | 303 | 173 |
| EPS (₹) | 8.53 | 8.57 | 21.32 | 10.49 | 13.43 | 14.91 | 26.47 | 15.09 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Garden Reach Shipbuilders & Engineers Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 921 | 1,347 | 1,386 | 1,433 | 1,141 | 1,754 | 2,561 | 3,593 | 5,076 | 7,002 | 7,507 |
| Operating profit | -161 | -15 | 42 | 42 | 81 | 141 | 149 | 235 | 422 | 795 | 833 |
| OPM % | -17% | -1.1% | 3.0% | 2.9% | 7% | 8% | 6% | 7% | 8% | 11% | 11% |
| Net profit | 11 | 92 | 110 | 163 | 153 | 190 | 228 | 357 | 527 | 748 | 801 |
| EPS (₹) | 9.26 | 8.07 | 9.60 | 14.27 | 13.40 | 16.55 | 19.91 | 31.19 | 46.04 | 65.29 | 69.90 |
TTM is the trailing twelve months to the most recent quarter.
Garden Reach Shipbuilders & Engineers Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 124 | 115 | 115 | 115 | 115 | 115 | 115 | 115 | 115 | 115 |
| Reserves | 959 | 907 | 924 | 926 | 1,023 | 1,143 | 1,299 | 1,559 | 1,965 | 2,512 |
| Borrowings | 25 | 0 | 0 | 0 | 4 | 11 | 312 | 66 | 10 | 37 |
| Other liabilities | 3,458 | 3,302 | 3,152 | 4,355 | 5,656 | 6,374 | 9,057 | 8,524 | 8,274 | 7,982 |
| Total liabilities | 4,567 | 4,323 | 4,191 | 5,395 | 6,797 | 7,643 | 10,783 | 10,263 | 10,362 | 10,645 |
| Fixed assets | 358 | 389 | 302 | 304 | 340 | 501 | 508 | 493 | 515 | 576 |
| CWIP | 23 | 16 | 34 | 52 | 151 | 10 | 6 | 25 | 28 | 24 |
| Investments | 0 | 0 | 2 | 54 | 826 | 197 | 234 | 0 | 0 | 0 |
| Other assets | 4,185 | 3,918 | 3,852 | 4,986 | 5,480 | 6,936 | 10,036 | 9,746 | 9,819 | 10,045 |
| Total assets | 4,567 | 4,323 | 4,191 | 5,395 | 6,797 | 7,643 | 10,783 | 10,263 | 10,362 | 10,645 |
As reported by the company. Total assets equal total liabilities by construction.
Garden Reach Shipbuilders & Engineers Ltd cash flow
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -74 | -112 | 628 | 515 | -356 | 1,450 | -707 | 16 | -290 |
| Cash from investing | 267 | 198 | 245 | -1,173 | 429 | -1,666 | 1,056 | 170 | 527 |
| Cash from financing | -193 | -89 | -153 | -62 | -72 | 220 | -358 | -187 | -223 |
| Net cash flow | 0 | -3 | 720 | -720 | 0 | 4 | -9 | -1 | 13 |
| Free cash flow | -124 | -164 | 560 | 351 | -411 | 1,408 | -755 | -51 | -367 |
| CFO / operating profit | 748% | -564% | 1,200% | 701% | -204% | 1,023% | -248% | 45% | -4% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Garden Reach Shipbuilders & Engineers Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 3% | 12% | 18% | 22% | 21% | 20% | 20% | 27% | 37% | 43% |
| Debtor days | 79 | 55 | 58 | 136 | 57 | 31 | 7 | 20 | 19 | 64 |
| Inventory days | 383 | 727 | 168 | 1,590 | 606 | 458 | 662 | 648 | 368 | 307 |
| Days payable | 290 | 968 | 177 | 1,922 | 592 | 159 | 266 | 161 | 119 | 164 |
| Cash conversion cycle | 172 | -186 | 48 | -196 | 71 | 330 | 404 | 507 | 267 | 206 |
| Working capital days | -705 | -468 | -392 | -533 | -1,012 | -660 | -546 | -276 | -169 | -80 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Garden Reach Shipbuilders & Engineers Ltd shareholding pattern
Promoters held 74.50% at Jun 2026, broadly unchanged since Jun 2025. FIIs 3.21% and DIIs 1.93%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.50% | 74.50% | 74.50% | 74.50% | 74.50% | 74.50% | 74.50% | 74.50% |
| FIIs | 3.65% | 3.71% | 3.85% | 5.33% | 3.26% | 2.96% | 3.51% | 3.21% |
| DIIs | 1.87% | 1.87% | 1.90% | 1.81% | 1.99% | 1.64% | 1.69% | 1.93% |
| Public | 19.98% | 19.92% | 19.76% | 18.36% | 20.25% | 20.90% | 20.32% | 20.36% |
| No. of shareholders | 4,04,157 | 4,21,148 | 4,13,986 | 4,07,707 | 4,25,900 | 4,19,648 | 4,07,526 | 3,99,380 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Garden Reach Shipbuilders & Engineers Ltd corporate filings
- We are submitting herewith the Compliance certificate under Reg 74 (5) of SEBI (Depositories and Participants) Reg, 2018 received from M/s. Alankit Assignments Limited, the Registrar and ....Company Updatelow impact
- Regulatory appointment update for Garden Reach Shipbuilders & Engineers Limited (GRSE): Appointment of two independent directors effective from October 6, 2026Company Updatelow impact
Cruxal's analysis: GRSE has announced the appointment of Shri Dharminder Kumar and Shri Laishram Meenabanta…
Read the full analysis - Garden Reach Shipbuilders & Engineers Ltd. concludes 110th AGM with shareholder approval on financial statements and dividend declarationsAGM/EGMlow impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers Ltd. has successfully concluded its 110th Annual…
Read the full analysis - Garden Reach Shipbuilders & Engineers Ltd. concludes 110th AGM; confirms total dividend of INR 19.60 per share for FY2025-26AGM/EGMlow impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers Ltd. has successfully concluded its 110th Annual…
Read the full analysis - Garden Reach Shipbuilders & Engineers Ltd. Announces Appointment of Statutory Auditor for FY 2026-27Company Updatelow impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers Ltd. has formally announced the appointment of M/s…
Read the full analysis - Pursuant to the Company''s Code of Conduct for Prevention of Insider Trading and Fair Disclosures of Unpublished Price Sensitive Information and SEBI (Prohibition of Insider Trading), Reg ....Insider Trading / SASTlow impact
- Pursuant to the Company''s Code of Conduct for Prevention of Insider Trading and Fair Disclosures of Unpublished Price Sensitive Information and SEBI (Prohibition of Insider Trading), Reg ....Insider Trading / SASTlow impact
- Garden Reach Shipbuilders & Engineers approves 2,896 crore capital outlay for Greenfield Shipyard at RaichakOthershigh impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers (GRSE) has formally approved a significant capital…
Read the full analysis - Garden Reach Shipbuilders & Engineers Ltd. (GRSE) fixes 18th September 2026 as record date for final dividendCorp. Actionlow impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers Ltd. has formally announced 18th September 2026 as…
Read the full analysis - Garden Reach Shipbuilders & Engineers Ltd announces completion of dispatch of 110th AGM notice and FY 2025-26 Annual ReportCompany Updatelow impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers Ltd has completed the dispatch of the notice for…
Read the full analysis - Garden Reach Shipbuilders & Engineers Ltd. Announces 110th AGM, Final Dividend of INR 6.70 per share, and Strategic Navratna Status AmendmentsAGM/EGMhigh impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers Ltd. has scheduled its 110th Annual General Meeting…
Read the full analysis - Garden Reach Shipbuilders & Engineers (GRSE) Reports Record Financial Performance for FY 2025-26 and Navratna StatusOthershigh impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers Ltd. (GRSE) achieved record financial results in FY…
Read the full analysis - Garden Reach Shipbuilders & Engineers signs MoUs with DNV and Damen for technical collaborationCompany Updatelow impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers has entered into two Memorandums of Understanding…
Read the full analysis - Garden Reach Shipbuilders & Engineers Ltd schedules 110th Annual General Meeting for September 25, 2026Company Updatelow impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers Ltd has issued a notice regarding its 110th Annual…
Read the full analysis - Garden Reach Shipbuilders & Engineers secures 45.02 crore order for electric ferriesCompany Updatemedium impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has received a new order from West…
Read the full analysis - Garden Reach Shipbuilders & Engineers announces Rs 2,670 crore capacity expansion planCompany Updatemedium impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers is undertaking capacity expansion initiatives…
Read the full analysis - Garden Reach Shipbuilders & Engineers Reports Strong Q1 FY27 Growth with 38% Revenue Increase and Robust Order PipelineCompany Updatehigh impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers (GRSE) reported a strong Q1 FY27 performance with…
Read the full analysis - Garden Reach Shipbuilders & Engineers Ltd uploads audio recording of Q1 FY27 earnings conference callCompany Updatelow impact
Cruxal's analysis: Garden Reach Shipbuilders & Engineers Ltd has made the audio recording of its conference…
Read the full analysis - In terms of Reg 30 and other applicable provisions of the SEBI (LODR) Reg 2015, we wish to inform you that the Company has received the Letter of Intent (LOI) for construction of ''One ....Company Updatemedium impact
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