Garden Reach Shipbuilders & Engineers Ltd (GRSE) share price, results, shareholding

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore

	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	898	923	1,016	1,010	1,153	1,271	1,642	1,310	1,677	1,896	2,119	1,815
Expenses	849	874	925	953	1,084	1,196	1,421	1,198	1,521	1,724	1,764	1,665
Operating Profit	49	49	91	56	69	75	221	112	156	172	355	149
OPM %	5%	5%	9%	6%	6%	6%	13%	9%	9%	9%	17%	8%
Other Income	72	82	76	74	75	72	114	73	69	62	71	100
Interest	2	1	3	4	2	2	1	6	4	4	3	4
Depreciation	10	10	10	10	11	11	10	12	12	12	13	14
Profit before tax	107	119	153	115	131	134	324	167	209	218	411	232
Tax %	25%	26%	27%	24%	25%	27%	25%	28%	27%	22%	26%	25%
Net Profit	81	88	112	87	98	98	244	120	154	171	303	173
EPS in Rs	7.05	7.70	9.74	7.61	8.53	8.57	21.32	10.49	13.43	14.91	26.47	15.09

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,657	921	1,347	1,386	1,433	1,141	1,754	2,561	3,593	5,076	7,002	7,507
Expenses	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	92	-161	-15	42	42	81	141	149	235	422	795	833
OPM %	6%	-17%	-1.1%	3.0%	2.9%	7%	8%	6%	7%	8%	11%	11%
Other Income	191	217	179	169	215	165	154	202	300	335	274	301
Interest	4	9	8	5	3	10	2	7	13	11	16	14
Depreciation	28	27	29	27	30	29	36	39	41	42	49	51
Profit before tax	252	20	128	179	224	207	257	305	481	703	1,005	1,070
Tax %	35%	43%	28%	39%	27%	26%	26%	25%	26%	25%	26%
Net Profit	164	11	92	110	163	153	190	228	357	527	748	801
EPS in Rs	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 %	15%	472%	55%	72%	50%	37%	35%	31%	30%	30%	27%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	16%	44%	40%	40%
Compounded Profit Growth	16%	36%	50%	43%
Stock Price CAGR	%	64%	38%		-13%
Return on Equity	19%	24%	28%			32%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	124	124	124	115	115	115	115	115	115	115	115	115
Reserves	883	1,013	959	907	924	926	1,023	1,143	1,299	1,559	1,965	2,512
Borrowings	0	0	25	0	0	0	4	11	312	66	10	37
Other Liabilities	2,994	3,317	3,458	3,302	3,152	4,355	5,656	6,374	9,057	8,524	8,274	7,982
Total Liabilities	4,001	4,454	4,567	4,323	4,191	5,395	6,797	7,643	10,783	10,263	10,362	10,645
Fixed Assets	366	344	358	389	302	304	340	501	508	493	515	576
CWIP	11	22	23	16	34	52	151	10	6	25	28	24
Investments	0	0	0	0	2	54	826	197	234	0	0	0
Other Assets	3,624	4,088	4,185	3,918	3,852	4,986	5,480	6,936	10,036	9,746	9,819	10,045
Total Assets	4,001	4,454	4,567	4,323	4,191	5,395	6,797	7,643	10,783	10,263	10,362	10,645

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-74	-112	628	515	-356	1,450	-707	16	-290
Cash from Investing Activity	267	198	245	-1,173	429	-1,666	1,056	170	527
Cash from Financing Activity	-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/OP	748%	-564%	1,200%	701%	-204%	1,023%	-248%	45%	-4%

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	37	34	79	55	58	136	57	31	7	20	19	64
Inventory Days	334	236	383	727	168	1,590	606	458	662	648	368	307
Days Payable	202	190	290	968	177	1,922	592	159	266	161	119	164
Cash Conversion Cycle	170	79	172	-186	48	-196	71	330	404	507	267	206
Working Capital Days	-1,124	-388	-705	-468	-392	-533	-1,012	-660	-546	-276	-169	-80
ROCE %	10%	24%	3%	12%	18%	22%	21%	20%	20%	27%	37%	43%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	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%	74.50%	74.50%	74.50%	74.50%
FIIs	3.34%	2.86%	3.26%	3.91%	3.65%	3.71%	3.85%	5.33%	3.26%	2.96%	3.51%	3.21%
DIIs	5.96%	6.03%	6.14%	3.20%	1.87%	1.87%	1.90%	1.81%	1.99%	1.64%	1.69%	1.93%
Public	16.20%	16.61%	16.10%	18.38%	19.98%	19.92%	19.76%	18.36%	20.25%	20.90%	20.32%	20.36%
No. of Shareholders	1,08,922	1,17,621	1,25,631	2,59,827	4,04,157	4,21,148	4,13,986	4,07,707	4,25,900	4,19,648	4,07,526	3,99,380

Fundamentals

Market Cap₹ 25,271 Cr.

Current Price₹ 2,206

Stock P/E31.6

Book Value₹ 229

ROCE42.8 %

ROE31.6 %

Dividend Yield0.89 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)40%

Compounded Profit Growth (TTM)43%

Standalone figures.

Valuation

Market capRs 24,183 Cr

Enterprise valueRs 20,832 Cr

P/E (TTM)30.21x

Price to book9.21x

Price to sales3.22x

EV / EBITDA18.37x

EV / EBIT19.23x

EV / sales2.78x

Earnings yield3.31%

Dividend yield0.84%

P/E, 3-year average30.45x

P/B, 3-year average7.71x

P/E, 5-year average25.58x

P/B, 5-year average5.78x

Profitability

Operating margin (excl. other income)11.36%

Operating margin (incl. other income)15.28%

EBITDA margin15.11%

Pre-tax margin14.25%

Net profit margin10.66%

Net margin, latest quarter9.52%

ROE31.79%

ROCE42.97%

ROA7.12%

ROE, 3-year average27.68%

ROCE, 3-year average36.26%

ROA, 3-year average5.21%

ROE, 5-year average23.19%

ROCE, 5-year average30.22%

ROA, 5-year average4.15%

Tax rate25.56%

Other income / net worth10.45%

Growth

Sales growth (latest year)37.95%

Profit growth (latest year)41.81%

Sales CAGR, 3 years39.83%

Sales CAGR, 5 years43.75%

Profit CAGR, 3 years48.56%

Profit CAGR, 5 years37.27%

Sales growth QoQ-14.37%

Profit growth QoQ-42.99%

Sales growth YoY (latest quarter)38.53%

Profit growth YoY (latest quarter)43.82%

Per share

EPS (TTM)Rs 69.89

EPS (latest year)Rs 65.29

EPS (latest quarter)Rs 15.09

EPS, 3-year averageRs 47.51

EPS, 5-year averageRs 35.80

Book value per shareRs 229.25

Sales per shareRs 655.33

Cash flow per shareRs -25.29

Free cash flow per shareRs -32.04

Dividend per share (latest year)Rs 17.80

Dividend per share, 3-year averageRs 13.67

Dividend per share, 5-year averageRs 10.60

Dividends

Dividend payout27.26%

Dividend payout, 3-year average29.12%

Dividend payout, 5-year average30.71%

Efficiency

Asset turnover0.66x

Fixed asset turnover12.15x

Inventory turnover1.67x

Inventory days218 days

Debtor days64 days

Debtors turnover5.74x

Creditor days164 days

Cash conversion cycle206 days

Working capital days-80 days

Leverage

Total debtRs 37 Cr

Cash and bankRs 3,388 Cr

Net debtRs -3,351 Cr

Debt to equity0.01x

Net debt / EBITDA-2.95x

Interest coverage78.56x

Current ratio (filing 2026-03-31)1.23x

Quick ratio (filing 2026-03-31)0.80x

Trade payables (filing 2026-03-31)Rs 1,828 Cr

Owners' fund to total sources24.67%

Debt to assets0.35%

Cash flow

Cash from Operating Activity (latest year)Rs -290 Cr

Cash from Investing Activity (latest year)Rs 527 Cr

Cash from Financing Activity (latest year)Rs -223 Cr

Net Cash Flow (latest year)Rs 13 Cr

Free cash flow (latest year)Rs -367 Cr

FCFE (approx.: FCF + change in debt)Rs -339 Cr

Cash from ops / profit, 5 years0.06x

Statement figures

Net sales (TTM)Rs 7,507 Cr

Net sales (latest year)Rs 7,002 Cr

Sales (latest quarter)Rs 1,815 Cr

Operating profit excl. other income (latest year)Rs 795 Cr

Operating profit (latest quarter)Rs 149 Cr

Other income (TTM)Rs 301 Cr

EBITDA (TTM)Rs 1,134 Cr

PBDT (TTM)Rs 1,120 Cr

Profit before tax (TTM)Rs 1,070 Cr

Tax (latest year)Rs 257 Cr

Net profit (TTM)Rs 801 Cr

Net profit (latest year)Rs 748 Cr

Net profit (latest quarter)Rs 173 Cr

Depreciation (TTM)Rs 51 Cr

Depreciation (latest quarter)Rs 14 Cr

Interest (TTM)Rs 14 Cr

Cost of goods sold (latest year)Rs 5,699 Cr

Total expenditure (latest year)Rs 6,207 Cr

Total income (latest year)Rs 7,277 Cr

Share capitalRs 115 Cr

ReservesRs 2,512 Cr

Shareholders' fundsRs 2,626 Cr

Total assetsRs 10,645 Cr

Net blockRs 576 Cr

Capital work in progressRs 24 Cr

ReceivablesRs 1,221 Cr

InventoryRs 3,411 Cr

Other liabilitiesRs 7,982 Cr

Shares outstanding (crore)11.46

Ownership

Promoter holding74.50% (+0.00 in a year)

Computed by MarketFriction from the standalone statements. Returns use average balances.

P/E 30.2 is at the 57th percentile of its own 8.1-year range (median 24.9, low 10.5, high 77.1).

P/B 9.21 is at the 70th percentile (median 3.76).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	GRSE	Nifty 50	Difference
1 week	-9.9%	-2.8%	-7.2 pts
1 month	-16.6%	-6.8%	-9.8 pts
3 months	-23.2%	-7.6%	-15.6 pts
6 months	+7.0%	+0.4%	+6.6 pts
1 year	-22.3%	-9.9%	-12.4 pts
2 years	+17.2%	-13.6%	+30.8 pts
3 years	+151.0%	+14.2%	+136.8 pts
5 years	+1029.8%	+27.9%	+1001.9 pts

49 mutual fund schemes hold about ₹442 Cr. Over three months 43 bought more and 4 sold (share counts, price move removed).

Fund	Weight	Est. Cr	3m shares
HDFC Balanced Advantage Fund	0.15%	163	+21%
Motilal Oswal Nifty India Defence Index Fund	1.87%	103	+20%
Mahindra Manulife Mid Cap Fund	0.87%	47	+15%
Aditya Birla SL Nifty India Defence Index Fund	1.86%	26	+20%
Union Small Cap Fund	0.72%	19	+4%
Union Small Cap Fund	0.72%	17	+4%
Nippon India Nifty Smallcap 250 Index Fund	0.34%	12	+18%
Mahindra Manulife Business Cycle Fund	0.56%	8	+20%
JM Value Fund	0.91%	7	-6%
Axis Nifty India Defence Index Fund	1.87%	6	+20%
SBI Nifty Smallcap 250 Index Fund	0.34%	6	+18%
Motilal Oswal Nifty Smallcap 250 Index Fund	0.34%	4	+18%
JM Small Cap Fund	0.43%	4	-47%
ICICI Pru Nifty Smallcap 250 Index Fund	0.34%	3	+18%
HDFC NIFTY Smallcap 250 Index Fund	0.34%	3	+18%
Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund	0.40%	2	+34%
JioBlackRock Nifty Smallcap 250 Index Fund	0.34%	1	+18%
Motilal Oswal Nifty 500 Index Fund	0.04%	1	+20%
Nippon India Nifty 500 Equal Weight Index Fund	0.20%	1	+29%
Union Retirement Fund	0.47%	1	+17%
Edelweiss Nifty Smallcap 250 Index Fund	0.34%	1	+18%
Axis Nifty500 Quality 50 Index Fund	0.89%	1	+19%
Groww Nifty Smallcap 250 Index Fund	0.34%	0	+18%
HDFC Nifty500 Multicap 50:25:25 Index Fund	0.09%	0	+19%
Nippon India Nifty 500 Quality 50 Index Fund	0.90%	0	+20%

Red flags

F-score 5 of 8

explain	Weak cash conversion Cash from operations was -60% of net profit over the last 3 years
explain	Receivables outrunning sales Receivables grew 371% vs sales +38% in 2026
look	Auditor change Auditor change 2026-07-10: Garden Reach Shipbuilders & Engineers Limited has informed the Exchange regarding Change in Auditors of the company.

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026

Sales ₹1,815 Cr +38.5% vs Jun 2025. Net profit ₹173 Cr +44.2%.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2026-09-18	Dividend - Rs 6.70 Per Share
2026-02-03	Interim Dividend - Rs 7.15 Per Share
2025-11-11	Interim Dividend - Rs 5.75 Per Sh
2025-09-12	Dividend - Rs 4.90 Per Share
2025-02-07	Interim Dividend - Rs 8.95 Per Share
2024-09-13	Annual General Meeting/Dividend - Rs 1.44 Per Share
2024-02-23	Interim Dividend - Rs 7.92 Per Share
2023-09-15	Annual General Meeting/Dividend - Re 0.70 Per Share
2023-02-20	Interim Dividend - Rs 5.50 Per Share
2022-09-16	Annual General Meeting/Dividend - Rs 0.85 Per Share
2022-02-22	Interim Dividend - Rs 4.95 Per Share
2021-09-02	Annual General Meeting/Dividend - Rs 1.15 Per Share
2021-02-17	Interim Dividend - Rs 3.85 Per Share
2020-09-03	Annual General Meeting/Dividend - Rs 1.40 Per Share
2020-03-26	Interim Dividend - Rs 5.74 Per Share
2019-09-12	Annual General Meeting/Dividend - Rs 5.10 Per Share
2019-03-27	Interim Dividend - Rs 1.85 Per Share

Date	Type	What it says
2026-09-26	Shareholder meeting	This has reference to our letter No. SECY/GRSE/BD-69/CA/25/26-27 dated 03 Sep2026 on the subject matter of Intimation of 110th Annual General Meeting,...
2026-09-25	Shareholder meeting	The 110th Annual General Meeting of the Members of the Company was heldon Friday, 25th September, 2026 at 1030 Hrs., through Video Conferencing (VC) /...
2026-09-25	Appointment	Pursuant to Regulation 30 of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, we hereby informed that the Comptroller & Auditor ...
2026-09-21	Board meeting outcome	This disclosure is in continuation to the disclosure filed by the Company on 24 Aug 2026 regarding Capacity Expansion through three new facilities inc...
2026-09-14	Record Date	Record date for the purpose of Dividend is 18-Sep-2026.
2026-09-03	Record Date	Record date for the purpose of Dividend is 18-Sep-2026.
2026-09-03	Shareholder meeting	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 Vide...
2026-09-03	Press Release	1. In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Require...
2026-08-24	Order win	In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requiremen...
2026-08-24	Press Release	In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requiremen...
2026-08-11	Concall / analyst meet	Further to our Intimation Letter No. SECY/GRSE/BD-69/AM/01/26-27 dated 03 Aug 2026, we wish to inform that Conference Call was held on Thursday, 06 Au...
2026-08-06	Concall / analyst meet	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 Thur...
2026-08-04	General Updates	In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requiremen...
2026-08-03	Concall / analyst meet	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...
2026-07-30	Awarding of order(s)/contrac	In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requiremen...
2026-07-29	Press Release	A press release dated July 29, 2026, titled "Press Release Performance Review of Q1 FY27 ".
2026-07-29	Board meeting outcome	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...
2026-07-10	Change in Auditors	Change in Auditors of the company.
2026-07-10	Change in Auditors	Change in Auditors of the company.
2026-06-30	Change in Management	In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requiremen...
2026-06-30	Change in Management	In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requiremen...
2026-06-23	General Updates	In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requiremen...
2026-06-20	General Updates	Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we are pleased to inform that the Department of...
2026-06-09	Director change	Change in Director(s) of the company.
2026-06-05	Director change	Change in Director(s) of the company.

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Garden Reach Shipbuilders & Engineers Ltd?

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has a market capitalisation of Rs 25,271 Cr. at the 2026-10-01 close.

What is the P/E ratio of Garden Reach Shipbuilders & Engineers Ltd?

Garden Reach Shipbuilders & Engineers Ltd trades at a P/E of 31.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Garden Reach Shipbuilders & Engineers Ltd's latest quarterly results?

In the Jun 2026 quarter, Garden Reach Shipbuilders & Engineers Ltd sales was Rs 1,815 Cr (+38.5% vs Jun 2025) and net profit was Rs 173 Cr.

What is the 52-week high and low of Garden Reach Shipbuilders & Engineers Ltd?

The 52-week high is Rs 3,339.00 and the 52-week low is Rs 1,963.70.