Garden Reach Shipbuilders & Engineers Limited (GRSE.NS)
Kolkata, IN
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.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -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% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
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.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 2 | 0 |
| Hold | 3 | +1 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
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)
* 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.
| 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
|
| 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
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | VanEck India Growth Leaders ETF GLIN | 0.40% | 391.4K | 0.72% |
| 2 | WisdomTree Emerging Markets SmallCap Dividend UCITS ETF DGSD.L | 0.06% | 24.6K | 0.54% |
| 3 | WisdomTree Emerging Markets SmallCap Dividend Fund DGS | 0.03% | 609.2K | 0.58% |
| 4 | WisdomTree India Earnings Fund EPI | 0.03% | 575.1K | 0.84% |
| 5 | State Street SPDR Portfolio Emerging Markets ETF SPEM | 0.01% | 2.24M | 0.07% |
| 6 | Dimensional Emerging Markets Sustainability Core 1 ETF DFSE | 0.01% | 53.6K | 0.44% |
| 7 | Dimensional - Emerging Core Equity Market ETF DFAE | 0.01% | 825.4K | 0.29% |
| 8 | Dimensional - Emerging Markets Core Equity 2 ETF DFEM | 0.01% | 688.8K | 0.39% |
| 9 | Dimensional - Emerging Markets ex China Core Equity ETF DEXC | 0.01% | 23.3K | 0.56% |
| 10 | State Street SPDR Portfolio MSCI Global Stock Market ETF SPGM | 0.01% | 108.4K | 0.09% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| 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 | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for GRSE.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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