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Garden Reach Shipbuilders & Engineers Limited (GRSE.NS)

INR2,620.20 +3.60 (+0.14%)
IN NSE Industrials Aerospace & Defense
Address GRSE Bhavan 700024
Kolkata, IN
CEO Commodore R. Hari
Website grse.in
IPO 2018-10-24
ISIN INE382Z01011

Explore sections of this company profile

Also trades on Bombay Stock Exchange · GRSE.BO (INR) National Stock Exchange of India · GRSE.NS (INR)
Description

Garden Reach Shipbuilders & Engineers Limited (GRSE) is an Indian company primarily engaged in the fabrication of naval vessels. They provide a comprehensive range of maritime platforms to the Indian Navy, the Indian Coast Guard, and various other national governments. Their extensive portfolio includes major combat ships such as frigates, anti-submarine warfare (ASW) corvettes, and missile corvettes, alongside logistical support vessels like landing ship tanks, landing craft utilities, and fleet replenishment tankers. Additionally, GRSE constructs specialized craft, including survey vessels, various patrol boats (fast, offshore, and inshore), water jet fast attack craft, hovercrafts, and rapid interceptor boats. Beyond shipbuilding, the company also manufactures a diverse array of marine engineering equipment. This encompasses portable bridges and a wide selection of deck machinery, such as different types of marine and naval pumps, anchor and mooring capstans, anchor windlasses, and various davits (for general purposes, ammunition, boat-launching, survey, and hydrographic operations). They further produce electro-hydraulic deck cranes, oceanographic winches, specialized anchor-cum-general purpose winches for beaching, telescopic hangars, and helicopter traversing systems. Furthermore, GRSE offers services in the testing and refurbishment of marine propulsion engines, in addition to assembling semi-knocked-down (SKD) units of diesel engines. Founded in 1934, Garden Reach Shipbuilders & Engineers Limited is based in Kolkata, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR2,620.20 +3.60 (+0.14%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.67
Float Shares
29.21M
Free Float %
25.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.49% -1.75% -7.51% +7.82% -3.46% +8.94% -2.38% +479.12% +1,317.73% +2,477.44% +2,477.44%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,620.20
DCF (Unlevered) 1,440.46 -45.0%
DCF (Levered) 446.45 -83.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 40% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 3 +1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.47
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Aerospace & Defense: +15.4%
    +38.1% Q1'26: +29.4% (vs Q1'25)
  • EPS growth Aerospace & Defense: +32.2%
    +41.8% Q1'26: +24.2% (vs Q1'25)
  • FCF margin FCF growth · Aerospace & Defense: +45.0%
    -5.4% Q1'26: -30.4% (vs Q1'25)
  • EBIT margin Aerospace & Defense: +9.2%
    +10.7% Q1'26: +16.2% (vs Q1'25)
  • ROIC Aerospace & Defense: +6.2%
    Q1'26: -139.5% (vs Q1'25)
  • Share dilution Aerospace & Defense: +0.0%
    +0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Aerospace & Defense: 0.16×
    0.05× Q1'26: 0.03× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.79) × ERP
WACC = 100% × Ke + 0% × Kd (43.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,465.66 Current price: 2,620.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
2 Rev. Ana.
2 EPS Ana.
Mar 2027
4 Rev. Ana.
4 EPS Ana.
Mar 2028
4 Rev. Ana.
4 EPS Ana.
Mar 2029
3 Rev. Ana.
2 EPS Ana.
Revenue
14.25B
est: 14.21B (+0.3%)
11.33B
est: 13.49B (-16.0%)
17.45B
est: 17.72B (-1.5%)
25.48B
est: 26.88B (-5.2%)
35.88B
est: 38.46B (-6.7%)
50.71B
est: 50.85B (-0.3%)
67.95B
65.70B – 70.20B
+33.6% YoY
84.92B
80.72B – 93.20B
+25.0% YoY
88.01B
77.17B – 96.96B
+3.6% YoY
82.44B
75.26B – 90.66B
-6.3% YoY
EBITDA
2.55B
est: 2.31B (+10.6%)
2.37B
est: 2.19B (+8.1%)
2.94B
est: 5.15B (-42.8%)
3.51B
est: 8.16B (-57.0%)
5.34B
est: 5.52B (-3.3%)
7.56B
est: 7.30B (+3.6%)
9.76B
9.43B – 10.08B
+33.6% YoY
12.19B
11.59B – 13.38B
+25.0% YoY
12.63B
11.08B – 13.92B
+3.6% YoY
11.84B
10.80B – 13.01B
-6.3% YoY
EBIT
2.25B
est: 2.08B (+8.4%)
2.08B
est: 1.97B (+5.3%)
2.59B
est: 2.59B (-0.1%)
3.12B
est: -6.02M (+51,860.4%)
4.92B
est: 5.04B (-2.3%)
7.14B
est: 6.66B (+7.1%)
8.90B
8.61B – 9.20B
+33.6% YoY
11.13B
10.58B – 12.21B
+25.0% YoY
11.53B
10.11B – 12.70B
+3.6% YoY
10.80B
9.86B – 11.88B
-6.3% YoY
Net Income
1.63B
est: 1.54B (+6.5%)
1.53B
est: 1.47B (+4.6%)
1.90B
est: 3.33B (-43.1%)
2.28B
est: 2.55B (-10.4%)
3.57B
est: 3.68B (-2.9%)
5.27B
est: 4.55B (+15.9%)
7.67B
7.57B – 7.77B
+68.6% YoY
8.78B
8.28B – 10.03B
+14.5% YoY
9.71B
7.55B – 11.85B
+10.6% YoY
11.85B
10.50B – 13.38B
+21.9% YoY
SGA
3.13B
est: 561.16M (+457.6%)
2.81B
est: 532.93M (+427.0%)
3.00B
est: 9.89B (-69.7%)
3.28B
est: 15.68B (-79.1%)
3.69B
est: 3.84B (-4.0%)
3.78B
est: 5.08B (-25.6%)
6.79B
6.57B – 7.01B
+33.6% YoY
8.49B
8.07B – 9.31B
+25.0% YoY
8.79B
7.71B – 9.69B
+3.6% YoY
8.24B
7.52B – 9.06B
-6.3% YoY
EPS
14.27
est: 13.40 (+6.5%)
13.40
est: 12.50 (+7.2%)
16.55
est: 16.80 (-1.5%)
19.91
est: 21.68 (-8.1%)
31.19
est: 32.11 (-2.9%)
46.04
est: 39.40 (+16.9%)
66.97
66.11 – 67.83
+70.0% YoY
80.18
72.31 – 87.57
+19.7% YoY
87.73
65.92 – 103.48
+9.4% YoY
103.40
91.69 – 116.79
+17.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-25 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-22 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-21 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-20 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-19 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-18 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-15 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-14 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-13 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-12 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-11 A- 4/5 3/5 5/5 5/5 4/5 2/5 1/5
2026-05-08 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-07 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-06 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-05 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-04 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-04-30 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-04-29 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.78B
OE per share TTM
24.28
Owner's Yield
0.91%
Maintenance CapEx ratio
38.12%
Maint CapEx / Avg PPE
15.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 11 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.75M
Shares Outstanding
114.55M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Commander Shantanu Bose Director of Shipbuilding & Director 8M
Commodore R. Hari MD & Chairman 8M
Sandeep Mahapatra Company Secretary & Compliance Officer 3M male
Commodore Rajat Manchanda Executive Director & Chief General Manager of Planning for SVL, ASW & SWC
Commodore Rajiv Sreedharan Chief General Manager of PS-NGOPV, I&NT
Commodore Vikas Kaushal Chief General Manager of PS-P17A
Niranjan Mukund Bhalerao Chief Financial Officer & Director of Finance male
Captain Sunilkumar Chief Risk Officer, Director of Corporate Planning and Personnel & Director
Venkatesh Murthy Chief General Manager of CSB & Executive Director male
Commander Bhaskar Sengupta Chief General Manager of CP&CC
Commodore Indrajit Dasgupta Chief General Manager of SR&TU
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits