GRSE
Garden Reach Shipbuilders & Engineers Limited (GRSE) Stock Analysis
Garden Reach Shipbuilders & Engineers Limited is an Indian PSU shipyard building naval and commercial vessels. It constructs warships, patrol vessels, and engineering products for defence and maritime clients. The company is strategically important to Indian Navy programs. It is listed on Indian stock exchanges.
Industrials › Aerospace & Defense
₹2,046.00
-3.08% 1W | -22.80% 52W
Market Cap
23.4k CR
P/E Ratio
29.3
52W High
₹3339
52W Low
₹1963.7
Div. Yield
0.97%
Beta
0.7
50 DMA
₹2462.7
200 DMA
₹2536.3
Profit Margin
10.7%
Inst. Own.
3.9%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 756 | 898 | 923 | 1,016 | 1,010 | 1,153 | 1,271 | 1,642 | 1,310 | 1,677 | 1,896 | 2,119 | 1,815 |
| Expenses | 710 | 849 | 874 | 925 | 953 | 1,084 | 1,196 | 1,421 | 1,198 | 1,521 | 1,724 | 1,764 | 1,665 |
| Operating Profit | 46 | 49 | 49 | 91 | 56 | 69 | 75 | 221 | 112 | 156 | 172 | 355 | 149 |
| OPM % | 6% | 5% | 5% | 9% | 6% | 6% | 6% | 13% | 9% | 9% | 9% | 17% | 8% |
| Other Income | 71 | 72 | 82 | 76 | 74 | 75 | 72 | 114 | 73 | 69 | 62 | 71 | 100 |
| Interest | 5 | 2 | 1 | 3 | 4 | 2 | 2 | 1 | 6 | 4 | 4 | 3 | 4 |
| Depreciation | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 10 | 12 | 12 | 12 | 13 | 14 |
| Profit before tax | 102 | 107 | 119 | 153 | 115 | 131 | 134 | 324 | 167 | 209 | 218 | 411 | 232 |
| Tax % | 25% | 25% | 26% | 27% | 24% | 25% | 27% | 25% | 28% | 27% | 22% | 26% | 25% |
| Net Profit | 77 | 81 | 88 | 112 | 87 | 98 | 98 | 244 | 120 | 154 | 171 | 303 | 173 |
| EPS in Rs | 6.69 | 7.05 | 7.70 | 9.74 | 7.61 | 8.53 | 8.57 | 21.32 | 10.49 | 13.43 | 14.91 | 26.47 | 15.09 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,562 | 1,657 | 921 | 1,347 | 1,386 | 1,433 | 1,141 | 1,754 | 2,561 | 3,593 | 5,076 | 7,002 | 7,507 |
| Expenses | 1,500 | 1,565 | 1,082 | 1,362 | 1,344 | 1,391 | 1,060 | 1,613 | 2,412 | 3,357 | 4,654 | 6,207 | 6,674 |
| Operating Profit | 62 | 92 | -161 | -15 | 42 | 42 | 81 | 141 | 149 | 235 | 422 | 795 | 833 |
| OPM % | 4.0% | 6% | -17% | -1.1% | 3.0% | 2.9% | 7% | 8% | 6% | 7% | 8% | 11% | 11% |
| Other Income | 61 | 191 | 217 | 179 | 169 | 215 | 165 | 154 | 202 | 300 | 335 | 274 | 301 |
| Interest | 6 | 4 | 9 | 8 | 5 | 3 | 10 | 2 | 7 | 13 | 11 | 16 | 14 |
| Depreciation | 27 | 28 | 27 | 29 | 27 | 30 | 29 | 36 | 39 | 41 | 42 | 49 | 51 |
| Profit before tax | 90 | 252 | 20 | 128 | 179 | 224 | 207 | 257 | 305 | 481 | 703 | 1,005 | 1,070 |
| Tax % | 43% | 35% | 43% | 28% | 39% | 27% | 26% | 26% | 25% | 26% | 25% | 26% | |
| Net Profit | 52 | 164 | 11 | 92 | 110 | 163 | 153 | 190 | 228 | 357 | 527 | 748 | 801 |
| EPS in Rs | 41.77 | 132.79 | 9.26 | 8.07 | 9.60 | 14.27 | 13.40 | 16.55 | 19.91 | 31.19 | 46.04 | 65.29 | 69.90 |
| Dividend Payout % | 48% | 15% | 472% | 55% | 72% | 50% | 37% | 35% | 31% | 30% | 30% | 27% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 40.0% | 44.0% | 16.0% |
| Profit CAGR | 50.0% | 36.0% | 16.0% |
Shareholding Pattern
Promoters74.50%
FIIs3.26%
DIIs1.99%
Public20.25%
Promoters74.50%
FIIs2.96%
DIIs1.64%
Public20.90%
Promoters74.50%
FIIs3.51%
DIIs1.69%
Public20.32%
Promoters74.50%
FIIs3.21%
DIIs1.93%
Public20.36%
Promoters74.50%
FIIs3.17%
DIIs2.01%
Public20.33%
Promoters74.50%
FIIs2.68%
DIIs7.91%
Public14.91%
Promoters74.50%
FIIs3.26%
DIIs6.14%
Public16.10%
Promoters74.50%
FIIs3.85%
DIIs1.90%
Public19.76%
Promoters74.50%
FIIs3.51%
DIIs1.69%
Public20.32%
Promoters74.50%
FIIs3.17%
DIIs2.01%
Public20.33%
GRSE
Holdings Analysis
Key strengths & risk signals
68
Overall
88
Fundamental
48
Technical
Risks (4)
NEGLIGIBLE DIVIDEND! 0.97% yield - little to no income.
POOR YEAR! Stock declined 22.8% in the last year.
WEAK POSITION! Current price (2046.0) is below both moving averages.
WEAK! Trading at 6.0% of 52W range - near yearly lows.
Strengths (4)
UNDERVALUED! PEG of 0.60 indicates stock is cheap relative to growth.
OVERSOLD! RSI at 25.1 - potential bounce opportunity.
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
BULLISH SENTIMENT! In last 30 days: 9 up days, 21 down days. Avg volume on up days: 378,443 vs down days: 329,842. Ratio: 1.15x
Fundamental & Technical Analysis
68Overall
88Fundamental
48Technical
Fundamental Breakdown
Growth Quality
30/30
Revenue CAGR: 40.0% (EXCELLENT, 15/15). Profit CAGR: 48.6% (EXCELLENT, 15/15).
Profit Margin
5/10
DECENT EFFICIENCY! 10.7% profit margin - acceptable profitability.
PEG Valuation
10/10
UNDERVALUED! PEG of 0.60 indicates stock is cheap relative to growth.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.97% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 14.93% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
3/10
BEARISH TREND! 50-day average (2462.7) is below 200-day average (2536.3) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (2046.0) is below both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
1/10
POOR YEAR! Stock declined 22.8% in the last year.
Volume Sentiment
20/30
BULLISH SENTIMENT! In last 30 days: 9 up days, 21 down days. Avg volume on up days: 378,443 vs down days: 329,842. Ratio: 1.15x
RSI
5/5
OVERSOLD! RSI at 25.1 - potential bounce opportunity.
52W Range
1/5
WEAK! Trading at 6.0% of 52W range - near yearly lows.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 3.1% (1 week), 18.0% (1 month), 23.1% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.70 - stable stock, less market risk.
GRSE
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-08-11 | Concall PDF | |
| Q4FY262026-05-19 | Concall PDF | |
| Q3FY262026-02-17 | Concall PDF | |
| Q2FY262025-11-14 | Concall PDF |
Peer Comparison
Industrials · Aerospace & Defense · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GRSE | ₹2,046.00 | 29.3 | 10.7% | 40.0% | 48.6% | -22.8% | 68 | BREAKDOWN | +43.8% | -43.0% | +38.5% | -14.4% |
| DATAPATTNS | ₹4,084.80 | 82.6 | 28.5% | 26.8% | 29.8% | +50.9% | 75 | BREAKDOWN | -13.3% | -84.0% | +16.8% | -66.4% |
| COCHINSHIP | ₹1,230.00 | 47.6 | 13.5% | 26.9% | 33.0% | -29.7% | 62 | BREAKDOWN | -19.3% | -45.2% | +2.4% | -26.3% |
| MEGASOFT | ₹190.00 | 7.9 | 80.8% | – | – | +161.2% | 53 | CONSOLIDATING DOWN | -104.2% | -99.6% | – | – |
| BDL | ₹1,075.90 | 75.7 | 18.8% | -0.9% | 6.1% | -31.7% | 49 | BREAKDOWN | +549.2% | +4.9% | +144.8% | +15.8% |
| MAZDOCK | ₹2,010.00 | 28.4 | 20.1% | 19.6% | 32.2% | -30.7% | 65 | BREAKDOWN | +21.5% | -19.1% | +12.1% | -23.6% |
| BEL | ₹368.10 | 43.8 | 21.4% | 15.5% | 26.6% | -7.6% | 68 | BREAKDOWN | +8.7% | -52.6% | +24.9% | -45.7% |
| HAL | ₹4,655.60 | 33.4 | 27.6% | 6.4% | 16.1% | -3.8% | 71 | APPROACHING RESISTANCE | +14.9% | -62.1% | +14.4% | -60.4% |
Data from TradeAlone · Updated daily
GRSE News
Garden Reach Shipbuilders & Engineers Limited GRSE Signs Mou with DNV2026-09-03Garden Reach Shipbuilders & Engineers Limited Embarks on Major Expansion of Shipbuilding and Defence Manufacturing Capabilities in West Bengal2026-08-24Garden Reach Shipbuilders & Engineers Limited (grse) Q1 FY27: Revenue Up 38.53%, PAT Surges 43.83%2026-07-29Garden Reach Shipbuilders & Engineers Limited (NSE: GRSE) extends gains, moves up 6% intraday2026-06-18Garden Reach Shipbuilders & Engineers Limited (NSE: GRSE) extends gains, moves up 6% intraday2026-06-17
