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Garden Reach Shipbuilders & Engineers Ltd.

Ship BuildingShip Building

www.grse.in BSE: 542011NSE: GRSE

₹2,322.90BSE1.78%

16 Sep, 4:01 PM

₹2,322.90

₹26.52K Cr

33.13

9.48

31.79%

₹2,366.95

₹2,288.80

₹3,338.90

₹1,965.00

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Price Performance

Peer Comparison

Name
MAZDOCK MAZDOCK	2,226.55	35.55	89,814.57	0.81	509.71	21.57%	2,770.99	5.54%	41.33
COCHINSHIP COCHINSHIP	1,318.05	58.67	34,675.36	0.68	135.80	-27.72%	909.92	-6.91%	15.70
Garden Reach Shipbuilders & Engineers Ltd. GRSE	2,322.90	33.13	26,524.52	0.85	172.84	43.82%	1,814.62	38.53%	43.66
KMEW KMEW	2,740.00	52.13	6,949.82	0.00	60.82	753.06%	115.41	238.50%	23.80

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,009.72	1,152.92	1,271.01	1,642.04	1,309.87	1,677.38	1,895.69	2,119.21	1,814.62
Expenses	953.47	1,084.19	1,195.44	1,421.33	1,197.96	1,521.22	1,723.77	1,763.91	1,665.39
	56.25	68.74	75.57	220.71	111.91	156.16	171.93	355.30	149.23
	5.57%	5.96%	5.95%	13.44%	8.54%	9.31%	9.07%	16.77%	8.22%
	73.87	74.91	71.84	114.21	72.55	68.69	62.00	71.15	99.57
Interest	4.24	2.41	2.31	1.36	6.09	3.62	3.79	2.62	3.76
	10.44	10.71	11.33	10.01	11.65	11.87	12.37	12.99	13.50
	115.44	130.53	133.76	323.55	166.72	209.36	217.77	410.85	231.53
	24.47%	25.10%	26.60%	24.51%	27.92%	26.54%	21.58%	26.20%	25.35%
	87.19	97.77	98.19	244.25	120.18	153.79	170.77	303.20	172.84
	7.61	8.54	8.57	21.32	10.49	13.43	14.91	26.47	15.09

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	1,754.45	2,561.15	3,592.64	5,075.69	7,002.16
Operating Income (Net)	1,754.45	2,561.15	3,592.64	5,075.69	7,002.16
EXPENDITURE :
Increase/Decrease in Stock	0.39	4.73	-6.06	-60.54	49.68
Raw Material Consumed	177.18	591.38	510.44	581.65	960.43
Power & Fuel Cost	8.63	8.89	9.83	11.83	12.82
Employee Cost	290.29	316.91	348.93	360.85	412.85
Operating Expenses	1,050.75	1,367.57	2,319.22	3,539.27	4,283.21
General and Administration Expenses	65.30	93.92	137.10	187.64	427.77
Selling and Distribution Expenses	4.10	4.87	6.64	5.13	7.10
Miscellaneous Expenses	16.66	19.91	27.59	23.05	46.70
	1,613.30	2,408.19	3,353.70	4,648.88	6,200.56
Operating Profit (Excl OI)	141.15	152.95	238.94	426.80	801.60
	161.32	201.84	299.62	334.84	274.39
	302.47	354.79	538.56	761.64	1,075.99
Interest	1.83	10.40	16.32	15.86	22.42
PBDT	300.64	344.38	522.25	745.78	1,053.57
	35.71	39.17	41.33	42.49	48.87
Profit Before Taxation & Exceptional Items	264.93	305.22	480.92	703.29	1,004.70
Exceptional Income / Expenses	-7.69
	257.24	305.22	480.92	703.29	1,004.70
Provision for Tax	67.71	77.09	123.65	175.89	256.76
	189.53	228.12	357.27	527.40	747.93
Extra items				0.00	0.00
Consolidated Net Profit	189.53	228.12	357.27	527.40	747.93
Profit Balance B/F	952.63	1,079.18	1,234.56	1,493.09	1,901.47
Appropriations	1,142.16	1,307.30	1,591.83	2,020.49	2,649.40
Equity Dividend %	58.00%	62.00%	93.60%	138.50%	196.00%
	16.55	19.91	31.19	46.04	65.29
Adjusted EPS	16.55	19.91	31.19	46.04	65.29

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	114.55	114.55	114.55	114.55	114.55
Total Reserves	1,143.34	1,299.27	1,558.89	1,964.71	2,511.57
Reserve excluding Revaluation Reserve	1,143.34	1,299.27	1,558.89	1,964.71	2,511.57
Revaluation reserve				0.00
	1,257.89	1,413.82	1,673.44	2,079.26	2,626.12
Deferred Tax Assets / Liabilities	10.78	14.52	13.98	16.29	16.18
Other Long Term Liabilities	9.74	9.23	8.29	7.62	31.45
Long Term Trade Payables	8.19	8.17	7.84	7.71	8.00
Long Term Provisions	292.49	191.78	319.02	288.52	371.03
Total Non-Current Liabilities	321.20	223.70	349.12	320.15	426.66
Trade Payables	411.69	1,173.87	992.42	1,151.41	1,827.73
Other Current Liabilities	5,682.17	7,737.02	7,370.30	6,943.61	5,818.20
Short Term Borrowings		301.17	55.58
Short Term Provisions	162.46	28.80	38.04	54.23	213.35
Total Current Liabilities	6,256.32	9,240.86	8,456.35	8,149.25	7,859.28
Total Liabilities	7,835.41	10,878.38	10,478.91	10,548.66	10,912.05
Gross Block	687.03	729.70	754.21	816.18	924.26
Less: Accumulated Depreciation	186.37	222.09	261.64	301.02	348.12
Net Block	500.65	507.61	492.57	515.16	576.14
Capital Work in Progress	9.66	4.84	11.62	21.23	15.78
Non Current Investments	0.00	0.00	0.00	0.00	0.00
Long Term Investment	0.00	0.00	0.00	0.00	0.00
Long Term Loans & Advances	365.03	315.95	433.15	395.00	405.11
Other Non Current Assets	1,133.71	82.94	82.65	86.31	210.43
Total Non-Current Assets	2,009.05	912.55	1,033.13	1,024.47	1,215.46
Currents Investments	196.68	233.66
Inventories	1,172.27	2,918.50	3,984.44	3,552.25	3,402.17
Sundry Debtors	151.34	50.85	194.21	259.46	1,220.87
Cash and Bank	2,557.74	4,327.81	3,720.34	3,731.85	3,388.09
Other Current Assets	68.10	176.25	191.11	154.20	201.67
Short Term Loans and Advances	1,679.77	2,258.68	1,355.53	1,826.38	1,483.71
Total Current Assets	5,825.90	9,965.75	9,445.62	9,524.14	9,696.51
Net Current Assets (Including Current Investments)	-430.42	724.89	989.27	1,374.89	1,837.23
Total Assets	7,835.41	10,878.38	10,478.91	10,548.66	10,912.05
Contingent Liabilities	4,646.09	5,536.54	6,508.01	7,831.15	7,959.00
Total Debt	0.00	301.17	55.58	0.00	0.00
	109.81	123.42	146.09	181.51	229.25
Adjusted Book Value	109.81	123.42	146.09	181.51	229.25

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	257.24	305.22	480.92	703.29	1,004.70
Adjustment	-102.84	-140.02	-224.26	-242.54	-188.08
Changes In working Capital	-442.39	1,362.13	-839.90	-269.28	-849.57
Cash Flow after changes in Working Capital	-287.98	1,527.33	-583.24	191.47	-32.96
Cash Flow from Operating Activities	-355.70	1,450.23	-706.89	15.59	-289.72
Cash Flow from Investing Activities	428.58	-1,666.29	1,055.70	169.78	526.57
Cash Flow from Financing Activitie	-72.49	220.33	-357.52	-186.75	-223.46
Net Cash Inflow / Outflow	0.39	4.27	-8.72	-1.39	13.38
Opening Cash & Cash Equivalents	9.32	9.71	13.99	5.27	3.88
Closing Cash & Cash Equivalent	9.71	13.99	5.27	3.88	17.27

Ratios

Valuation

33.13

9.48

20.40

3.53

69.89

244.34

Profitability

31.79

43.66

6.97

11.45

10.68

Leverage & Liquidity

0.00

1.23

45.81

Returns

0.85

0.65

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	74.50	74.50	74.50	74.50	74.50	74.50	74.50	74.50	74.50
	7.11	5.52	5.57	5.75	7.14	5.25	4.60	5.20	5.16
	18.39	19.98	19.93	19.76	18.35	20.25	20.90	20.31	20.35
	25.50	25.50	25.50	25.50	25.50	25.50	25.49	25.50	25.50
No. of Shareholders	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

Corporate Actions

Showing: All

Date	Type	Details
2026-09-03	AGM
2026-07-16	Board Meeting	Quarterly Results
2026-04-28	Ex Dividend	Rs.6.7000 per share(67%)Final Dividend

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Ship BuildingShip Building

Garden Reach Shipbuilders & Engineers Ltd. operates in the Ship Building sector under the Ship Building industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

8 members across the board and senior leadership

Sandeep Mahapatra

Company Secretary & Compliance Officer

—

Hari PR

Chairman & Managing Director

₹1.14 Cr

Mar '26

Vijay Namdeorao Zade

Government Nominee Director

—

Shantanu Bose

Whole Time Director - Shipbuilding

₹92.38 L

Mar '26

Sunilkumar Panangadan

Whole Time Director - Corporate Planning & Personnel

₹68.50 L

Mar '26

Niranjan Mukund Bhalerao

Whole Time Director - Finance

₹32.20 L

Mar '26

Kamleshbhai Shashikantbhai Mirani

Non Executive Independent Director

₹4.80 L

Mar '26

Indrajit Dasgupta

Executive Director (ED), GRSE

—

GRSE Latest News

News

10 of 10 articles

EQUITY3 Sept 2026 · 16:28

Garden Reach Shipbuilders & Engineers submits intimation of 110th AGM

EQUITY3 Sept 2026 · 11:05

Garden Reach Shipbuilders gains on entering into MoUs with DNV, Damen

The MoU with Damen is for establishing a technical and business collaboration framework to explore the design and construction of dredgers for Indian customers

COMPANY3 Sept 2026 · 10:58

Garden Reach Shipbuilders enters into MoUs with DNV, Damen

The MoU with Damen is for establishing a technical and business collaboration framework to explore the design and construction of dredgers for Indian customers

EQUITY25 Aug 2026 · 15:16

Garden Reach Shipbuilders moves up on bagging order worth Rs 45.02 crore

The order is for Procurement of 2 nos. 100Pax Electric Ferry

COMPANY24 Aug 2026 · 15:58

Garden Reach Shipbuilders bags order worth Rs 45.02 crore

The order is for Procurement of 2 nos. 100Pax Electric Ferry

EQUITY24 Aug 2026 · 10:48

Garden Reach Shipbuilders & Engineers informs about press release

COMPANY4 Aug 2026 · 12:28

Garden Reach Shipbuilders gets LoI worth Rs 37.94 crore

The company has received LoI from Syama Prasad Mookerjee Port

COMPANY30 Jul 2026 · 16:29