Garden Reach Shipbuilders & Engineers Limited

BSE: GRSE542011ISIN INE382Z01011

Industrials
Aerospace & Defense
BSE 500

Share price

₹2,148.40+18.40 (+0.86%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹3,338.90
52W low: ₹1,840.00
Off 52W high: -35.66%
1M return: +1.78%
3M return: -14.41%
6M return: -28.88%
1Y return: -15.96%
20D avg volume: 73,419
50 DMA: ₹2,258.32
200 DMA: ₹2,497.74

Key ratios Standalone

Market cap: ₹24,610 Cr
Current price: ₹2,148.40
52W high / low: ₹3,338.90 / ₹1,840.00
Face value: ₹10.00
P/E: 30.74
P/B: 13.36
EPS (TTM): ₹69.89
Book value / share: ₹160.81
ROE: 43.46%
ROCE: 36.80%
Operating margin: 13.71%
Net margin: 9.52%
Debt / equity: 0.00
Net debt: ₹-17.27 Cr
Interest cover: 63.33
Dividend yield: 0.91%
Dividend / share (TTM): ₹19.60
Payout: 28.04%
Cash conversion cycle: 145.6 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,815	2,119	1,896	1,677	1,310	1,642	1,271	1,153	1,010	1,016	923.10	897.91
	99.57	71.15	62.00	68.69	72.55	113.94	72.12	74.91	73.87	75.92	81.52	71.55
	1,914	2,190	1,958	1,746	1,382	1,756	1,343	1,228	1,084	1,092	1,005	969.46
	1,683	1,780	1,740	1,537	1,216	1,432	1,209	1,097	968.15	938.83	885.94	861.97
	1,244	811.50	1,252	677.87	679.87	1,045	874.42	807.20	598.53	466.06	545.98	602.90
	128.12	216.45	153.03	146.88	71.95	102.31	23.33	28.61	116.98	137.72	21.39	36.70
	101.35	112.00	101.40	93.51	105.94	97.28	90.77	82.51	90.28	94.40	86.25	82.88
	3.76	2.62	3.79	3.62	6.09	1.36	2.31	2.41	4.24	3.26	1.13	2.48
	13.50	12.99	12.36	11.87	11.65	10.01	11.34	10.71	10.44	10.41	10.44	10.35
	192.08	616.62	216.86	558.04	342.79	217.31	30.22	32.60	27.84	41.91	—	23.29
	231.53	410.85	217.77	209.36	166.72	323.55	133.76	130.53	115.44	152.82	118.67	107.49
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	231.53	410.85	217.77	209.36	166.72	323.55	133.76	130.53	115.44	152.82	118.67	107.49
	58.69	107.65	46.99	55.57	46.54	79.30	35.58	32.76	28.25	41.22	30.42	26.75
	172.84	303.20	170.77	153.79	120.18	244.25	98.19	97.77	87.19	111.60	88.25	80.74
	15.09	26.47	14.91	13.43	10.49	21.32	8.57	8.54	7.61	9.74	7.70	7.05
Key metrics
	248.79	426.46	233.92	224.85	184.46	334.92	147.41	143.65	130.12	166.49	130.24	120.32
	13.70%	20.10%	12.30%	13.40%	14.10%	20.40%	11.60%	12.50%	12.90%	16.40%	14.10%	13.40%
	9.50%	14.30%	9.00%	9.20%	9.20%	14.90%	7.70%	8.50%	8.60%	11.00%	9.60%	9.00%
	—	14.90%	—	8.70%	—	14.70%	—	—	—	—	—	—
	38.50%	29.10%	49.10%	45.50%	29.70%	61.70%	37.70%	28.40%	—	—	—	—
	43.80%	24.10%	73.90%	57.30%	37.80%	118.90%	11.30%	21.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Income statement
	7,507	7,002	5,076	3,593	2,561	1,758	1,141	1,433	1,386
	301.41	274.39	334.84	299.62	201.84	160.65	187.60	225.50	171.24
	7,808	7,277	5,411	3,892	2,763	1,918	1,328	1,659	1,558
	6,739	6,272	4,707	3,411	2,458	1,653	1,101	1,424	1,431
	3,986	3,422	3,325	2,060	1,495	935.20	447.25	691.70	680.18
	644.48	588.31	271.23	197.07	112.10	8.37	23.92	54.26	92.26
	408.26	412.85	360.85	348.93	316.91	290.29	269.38	296.94	291.47
	13.79	16.12	10.32	11.49	6.48	0.76	2.70	1.34	5.11
	50.72	48.87	42.49	41.33	39.17	35.71	29.09	30.09	27.08
	1,584	1,734	758.18	134.24	108.13	104.44	—	—	—
	1,070	1,005	703.29	480.92	305.22	264.93	227.87	234.48	126.64
	0.00	0.00	0.00	—	—	-7.68	-20.75	-10.61	-2.20
	1,070	1,005	703.29	480.92	305.22	257.24	207.12	223.87	124.44
	268.90	256.76	175.89	123.65	77.09	67.72	53.65	60.39	69.02
	800.60	747.93	527.40	357.27	228.12	189.53	153.47	163.48	55.42
	69.90	65.29	46.04	31.19	19.91	16.55	13.40	14.27	9.60
Key metrics
	1,134	1,070	756.10	533.74	350.87	293.71	238.91	255.30	156.63
	15.11%	15.30%	14.90%	14.90%	13.70%	16.70%	20.90%	17.80%	11.30%
	10.66%	10.70%	10.40%	9.90%	8.90%	10.80%	13.50%	11.40%	4.00%
	—	36.80%	32.40%	—	—	—	—	—	—
	39.64%	38.00%	41.30%	40.30%	45.70%	54.10%	-20.40%	3.40%	—
	42.86%	41.80%	47.60%	56.60%	20.40%	23.50%	-6.10%	195.00%	—
	—	-366.62	-51.47	—	—	—	—	—	—
	—	-0.39	0.03	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—
	—	-17.27	-3.88	—	—	—	—	—	—
	—	145.6	191.3	—	—	—	—	—	—
Balance sheet
	—	10,636	10,354	—	—	—	—	—	—
	—	9,697	9,524	—	—	—	—	—	—
	—	17.27	3.88	—	—	—	—	—	—
	—	1,221	259.46	—	—	—	—	—	—
	—	3,402	3,552	—	—	—	—	—	—
	—	1,551	1,776	—	—	—	—	—	—
	—	557.09	499.45	—	—	—	—	—	—
	—	1,828	1,151	—	—	—	—	—	—
	—	7,859	8,149	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—
	—	2,626	2,079	—	—	—	—	—	—
Cash flow
	—	-289.72	15.59	—	—	—	—	—	—
	—	526.57	169.78	—	—	—	—	—	—
	—	-223.46	-186.75	—	—	—	—	—	—
	—	76.90	67.06	—	—	—	—	—	—

Compounded growth

Sales CAGR 3Y: +39.83%
Sales CAGR 5Y: +43.75%
Profit CAGR 3Y: +48.56%
Profit CAGR 5Y: +37.27%
Sales YoY (TTM): +39.64%
Profit YoY (TTM): +42.86%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 74.50%

Quarter	September 2026	June 2026
Promoter %	74.50%	74.50%

Holder	Type	Holding	Previous	Change
THE PRESIDENT OF INDIA	Promoter	74.50%	74.50%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Hindustan Aeronautics Limited	3,37,063	5,075.00	36.41	13.70%	+7.42% TTM	+12.16% TTM	+8.35%
Bharat Electronics Ltd.	2,88,627	397.10	43.46	31.90%	+20.28% TTM	+12.40% TTM	-4.34%
Bharat Dynamics Limited S	39,442	1,077.00	70.10	7.20%	-18.69% TTM	-7.13% TTM	-27.34%
Garden Reach Shipbuilders & Engineers Limited S	24,508	2,148.40	30.74	36.80%	+39.64% TTM	+42.86% TTM	-15.96%
Data Patterns (India) Limited S	22,254	4,082.00	85.29	21.00%	+33.81% TTM	+24.90% TTM	+51.15%
SIGMA ADVANCED SYSTEMS LIMITED S	17,671	940.15	254.78	46.60%	+32.27% TTM	-51.48% TTM	+325.02%
Apollo Micro Systems Limited	16,192	434.80	123.30	13.50%	+77.12% TTM	+63.98% TTM	+56.46%
Zen Technologies Ltd.	15,587	1,725.70	65.83	15.60%	+4.17% TTM	-12.80% TTM	+22.66%
Aequs Limited	14,919	219.80	-72.97	1.10%	—	—	—
Astra Microwave Products Ltd.	14,802	1,578.60	79.28	21.00%	+4.02% TTM	+16.28% TTM	+48.95%
Paras Defence and Space Technologies Limited	10,194	1,265.85	95.31	16.30%	+41.68% TTM	+56.45% TTM	+82.52%
Unimech Aerospace and Manufacturing Limited	9,221	1,770.80	102.28	12.30%	+40.00% TTM	+10.76% TTM	+77.46%
TONBO IMAGING INDIA LIMITED	8,785	1,278.05	—	—	—	—	—
AXISCADES TECHNOLOGIES LIMITED	8,027	1,910.60	222.97	15.70%	+4.61% TTM	-54.09% TTM	+23.11%
Mishra Dhatu Nigam Limited	7,256	389.25	54.03	8.80%	+18.17% TTM	+13.89% TTM	+2.38%
Cyient DLM Limited	6,447	753.40	71.22	10.50%	-1.51% TTM	+2.85% TTM	+65.78%
Centum Electronics Ltd	6,074	4,255.65	126.60	20.70%	-2.14% TTM	+525.07% TTM	+72.77%
Rossell Techsys Limited	5,360	1,455.70	213.25	32.70%	+82.66% TTM	+68.79% TTM	+132.87%
Avantel Limited	3,730	138.70	186.92	8.60%	+14.57% TTM	-41.41% TTM	-17.29%
IDEAFORGE TECHNOLOGY LIMITED	3,449	715.00	118.44	-2.60%	+263.51% TTM	+132.30% TTM	+50.34%
Jaykay Enterprises Limited	2,743	211.60	15.97	30.00%	+117.55% TTM	+818.57% TTM	—
CFF FLUID CONTROL LIMITED S	2,217	983.00	—	19.80%	—	—	+41.69%
Sika Interplant Systems Ltd.	1,964	897.00	54.88	30.60%	+0.45% TTM	+9.69% TTM	-23.60%
NIBE LIMITED	1,813	1,174.40	-140.29	4.60%	-5.17% TTM	-163.01% TTM	-1.09%
MILLWORKS TECHNOLOGIES LIMITED	1,806	983.30	—	—	—	—	—

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

In terms of Reg 30 and other applicable provisions of SEBI (LODR) Reg 2015, we wish to inform you that the Company has signed a contract on 02 Nov 2026 for construction of Five (05) Next ....2 Nov 2026 · Others
In continuance of our earlier letter dated 22 May 2025 on the subject matter ''GRSE become L1 to NGC Project'' and in terms of Reg 30 and other applicable provisions of SEBI (LODR) Reg ....2 Nov 2026 · Company Update / Press Release / Media Release
In continuation of our earlier letter dated 06 Oct 2026 and in terms of Reg 30 of SEBI (LODR) Reg 2015, we would like to inform that in pursuance to MOD Letter dated 05 Oct 2026, Shri Laishram ....2 Nov 2026 · Company Update / Change in Directorate
Garden Reach Shipbuilders & Engineers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/11/2026 ,inter alia, to consider and approve This ....2 Nov 2026 · Company Update / Board Meeting Rescheduled
Garden Reach Shipbuilders & Engineers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Unaudited ....23 Oct 2026 · Board Meeting / Board Meeting
Appointment of Shri Dharminder Kumar as Part Time Non Official Independent Director.16 Oct 2026 · Company Update / Change in Directorate
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 ....7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
In terms of Reg 30 of SEBI (LODR) Reg 2015, we would like to inform that in pursuance to MoD Letter No. 11(70)/2021/misc/D(NS) dated 05 Oct 2026 received on 06 Oct 2026, the President of ....6 Oct 2026 · Company Update / Change in Directorate
Voting Results of the 110th Annual General Meeting along with report of the Scrutinizer are enclosed.26 Sep 2026 · AGM/EGM / AGM
The Proceedings of the 110th Annual General Meeting is enclosed herewith.25 Sep 2026 · AGM/EGM / AGM
Pursuant to Reg 30 of SEBI (LODR) Reg 2015, we hereby inform that the C&AG vide its letter dated 08 Sep 2026 has appointed M/s S K Agarwal & Co., Chartered Accountants LLP, Kolkata as the ....25 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
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 ....24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
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 ....24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
This disclosure is in continuation to the disclosure filed by the Company on 24 Aug 2026 regarding Capacity Expansion through three new facilities including Raichak. In terms of Regulation ....21 Sep 2026 · Others / Outcome without intimation
This has reference to our letter no. SECY/GRSE/BD-69/CA/25/26-27 dated 03 Sep 2026 on the subject matter intimation of 110 Annual General Meeting, Book Closure and Dividend. This is ....14 Sep 2026 · Corp. Action / Record Date
Pursuant to Reg 30 of SEBI (LODR) Reg 2015, we have enclosed herewith the newspaper clippings regarding completion of dispatch of the Notice of 110th Annual General Meeting of the Compony ....4 Sep 2026 · Company Update / Newspaper Publication
The Final Dividend if approved at the 110th AGM will be payable within 30 days from the date of declaration to those members whose names appear on the Company''s Register of Members/ Beneficial ....3 Sep 2026 · Corp Action / Dividend/AGM
This to inform you that the 110th Annual General Meeting of the Company will be held on Friday, 25th September, 2026 at 1030 hrs through VC/ OAVM to transact the businesses as set out in ....3 Sep 2026 · AGM/EGM / AGM
This is to inform that the 110th Annual General Meeting ('AGM') of the Company will be held on Friday, 25th September, 2026 at 1030 hours through Video Conferencing ('VC') / Other Audio-Visual ....3 Sep 2026 · Others / Reg. 34 (1) Annual Report
In terms of Regulation 30 and other applicable provisions of SEBI (LODR) Regulations, 2015, we wish to inform you that the Company has entered into Memorandum of Understandings (MoUs) with ....3 Sep 2026 · Company Update / Memorandum of Understanding /Agreements
Pursuant to Reg 30 of SEBI (LODR) Reg 2015, we have enclosed herewith newspaper clippings containing information regarding 110th Annual General Meeting of the members of the Company which ....1 Sep 2026 · Company Update / Newspaper Publication
In terms of Regulation 30 and other applicable provisions of SEBI (LODR) Regulations, 2015, we wish to inform you that the Company has received order from West Bengal Tourism Development ....24 Aug 2026 · Company Update / Award of Order / Receipt of Order
In terms of Reg 30 and other applicable provisions of SEBI (LODR) Reg 2015, we wish to inform you that the Company is undertaking capacity expansion initiatives at Raichak, Timber Pond ....24 Aug 2026 · Company Update / Press Release / Media Release
Further to our Intimation Letter dated 03 Aug 2026, we wish to inform you that Conference Call was held on Thursday, 06 Aug 2026 at 03.30 P.M. to discuss the Unaudited Financial Results ....11 Aug 2026 · Company Update / Earnings Call Transcript
Further to our intimation letter no. SECY/GRSE/BD 69/AM/01/26-27 dated 03rd August, 2026, we wish to inform that Conference Call has been held on Thursday, 06th August, 2026 at 03.30 P.M. ....6 Aug 2026 · Company Update / Analyst / Investor Meet
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 ....4 Aug 2026 · Company Update / General
In terms of Regulation 30 read with para A of Part A of Schedule lll of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we ....3 Aug 2026 · Company Update / Analyst / Investor Meet
In terms of Regulation 30 and other applicable provisions of SEBI (LODR) Reg, 2015, we wish to inform you that the Company has received the Notification of Award (NOA) on 30 Jul 2026 for ....30 Jul 2026 · Company Update / Award of Order / Receipt of Order
This has reference to our letter dated 29 Jul 2026 on the subject matter of "Unaudited Financial Results for the Quarter Ended 30th Jun 2026 - Reg 30". We are enclosing herewith a copy ....29 Jul 2026 · Company Update / Press Release / Media Release
This has reference to our letter dated 16 Jul 2026 on the Subject matter of ''Intimation of Date of Board Meeting to, interalia, consider and approve, unaudited financial results for the ....29 Jul 2026 · Result / Financial Results
This has reference to our letter No. SECY/GRSE/BD-69/CA/16/26-27 dated 16th July 2026 on the subject matter of 'Intimation of Date of Board Meeting to, inter alia, consider and approve, ....29 Jul 2026 · Board Meeting / Outcome of Board Meeting
Pursuant to Reg 30 of SEBI (LODR) Reg, 2015 we have enclosed herewith newspaper clippings regarding notice for transfer of Unclaimed Dividend/ Equity Shares to IEPF Account in accordance ....21 Jul 2026 · Company Update / Newspaper Publication
Garden Reach Shipbuilders & Engineers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2026 ,inter alia, to consider and approve In terms ....16 Jul 2026 · Board Meeting / Board Meeting
We are enclosing herewith Compliance Certificate under Regulation 74(5) of the SEBI DP Regulations, 2018 for the Quarter Ended 30 Jun 2026.14 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to Reg 30 of the SEBI, LODR, Reg 2015, we wish to inform that the Board of Directors of the Company at its meeting held on 10 Jul 2026 has approved the appointment of M/s Banbyopadhyaya ....10 Jul 2026 · Company Update / General
Pursuant to regulation 30 of SEBI, LODR, Reg, 2015, we wish to inform that the Board of Directors of the Company at its Meeting held on 10 Jul 2026 has approved the appointment of M/s SPAN ....10 Jul 2026 · Company Update / General
In terms of Regulation 30 and other applicable provisions of the SEBI LODR 2015, we wish to inform that Shri Sanjay Sarkar has been appointed as the General Manager, GRSE, with effect from ....30 Jun 2026 · Company Update / Change in Management
In terms of Reg 30 and other applicable provisions of the SEBI (LODR) 2015, we wish to inform that Competent Authority has approved the promotion of the officers from GM to CGM and AGM ....30 Jun 2026 · Company Update / Change in Management
Pursuant to Company''s Code of Conduct for Prevention of Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information and SEBI (PIT) Reg , 2015, we wish to inform that ....25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
In terms of Reg 30 of the SEBI, LODR, 2015, we wish to inform that GRSE participated in the tender and become the Lowest Bidder for supply of 15 TON Electric Bollard Pull Tug for the approx. ....23 Jun 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 6.7000	18 Sep 2026	18 Sep 2026	—
Interim Dividend - Rs. - 7.1500	3 Feb 2026	3 Feb 2026	—
Interim Dividend - Rs. - 5.7500	11 Nov 2025	11 Nov 2025	—
Final Dividend - Rs. - 4.9000	12 Sep 2025	12 Sep 2025	—
Interim Dividend - Rs. - 8.9500	7 Feb 2025	7 Feb 2025	—
Final Dividend - Rs. - 1.4400	13 Sep 2024	—	—

Board meetings

11 Nov 2026 Board Meeting - Financial Results
4 Nov 2026 Board Meeting - Financial Results
29 Jul 2026 Board Meeting - Financial Results