Garden Reach Shipbuilders & Engineers, 542011, GRSE Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

28,366.51
41.17
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

25,209.33
0.56%
11.50

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

11.86
34.79
25.61

EBITDA CAGR (%)

10 Years
5 Years
3 Years

18.09
39.31
22.78

PAT CAGR (%)

10 Years
5 Years
3 Years

12.53
28.00
32.23

P:E (Median)

8 Years
5 Years
3 Years

18.18
30.50
43.29

P:BV (Average)

8 Years
5 Years
3 Years

5.86
6.66
9.41

EV:EBITDA (Average)

8 Years
5 Years
3 Years

9.98
14.60
22.85

Earnings Forecasts:

(Updated: 21-02-2026)

Description 2024 2025 2026 2027
Adj EPS 46.04 65.37 84.52 91.38
P/E Ratio 53.81 37.90 29.31 27.11
Revenue 5075.69 7089.26 8917.7 9546.58
EBITDA 421.27 682.14 868.03 932.72
Net Income 527.4 753.47 968.92 1047.25
ROA 5.12 15.8 18.2 16.4
P/B Ratio 13.65 10.68 8.40 6.87
ROE 28.11 30.17 30.38 26.37
FCFF 187.56 1184.4 1363.3 964.6
FCFF Yield 0.78 4.9 5.63 3.99
Net Debt -3722.19
BVPS 181.51 231.85 294.75 360.7

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 1,895.69 1,271.01 49.15% 1,677.38 1,152.92 45.49% 1,309.87 1,009.72 29.73% 1,642.04 1,015.73 61.66%
Expenses 1,723.77 1,195.44 44.20% 1,521.22 1,084.19 40.31% 1,197.96 953.46 25.64% 1,421.05 925.17 53.60%
EBITDA 171.93 75.57 127.51% 156.16 68.74 127.17% 111.91 56.26 98.92% 220.98 90.56 144.02%
EBIDTM 9.07% 5.95% 9.31% 5.96% 8.54% 5.57% 13.46% 8.92%
Other Income 62.00 71.84 -13.70% 68.69 74.91 -8.30% 72.55 73.87 -1.79% 113.94 75.92 50.08%
Interest 3.79 2.31 64.07% 3.62 2.41 50.21% 6.09 4.24 43.63% 1.36 3.26 -58.28%
Depreciation 12.37 11.33 9.18% 11.87 10.71 10.83% 11.65 10.44 11.59% 10.01 10.40 -3.75%
PBT 217.77 133.76 62.81% 209.36 130.53 60.39% 166.72 115.44 44.42% 323.55 152.82 111.72%
Tax 46.99 35.58 32.07% 55.57 32.76 69.63% 46.54 28.25 64.74% 79.30 41.22 92.38%
PAT 170.77 98.19 73.92% 153.79 97.77 57.30% 120.18 87.20 37.82% 244.25 111.60 118.86%
PATM 9.01% 7.72% 9.17% 8.48% 9.17% 8.64% 14.87% 10.99%
EPS 14.90 8.57 73.86% 13.42 8.53 57.33% 10.49 7.61 37.84% 21.31 9.74 118.79%

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 6,524.98 5,075.69 3,592.64 2,561.15 1,754.45 1,140.84 1,433.30 1,386.42 1,347.76 921.77 1,655.50 Net Sales Growth 46.65% 41.28% 40.27% 45.98% 53.79% -20.40% 3.38% 2.87% 46.21% -44.32% Cost Of Goods Sold 4,130.88 521.11 504.38 596.11 177.57 189.57 103.85 140.67 259.68 462.48 1,021.74 Gross Profit 2,394.10 4,554.58 3,088.26 1,965.04 1,576.88 951.27 1,329.44 1,245.76 1,088.08 459.29 633.76 GP Margin 36.69% 89.73% 85.96% 76.72% 89.88% 83.38% 92.75% 89.85% 80.73% 49.83% 38.28% Total Expenditure 5,864.00 4,648.88 3,353.70 2,408.19 1,613.30 1,059.51 1,391.35 1,344.30 1,366.52 1,082.88 1,574.57 Power & Fuel Cost - 11.83 9.83 8.89 8.63 6.30 8.45 8.71 9.69 10.52 10.79 % Of Sales - 0.23% 0.27% 0.35% 0.49% 0.55% 0.59% 0.63% 0.72% 1.14% 0.65% Employee Cost - 360.85 348.93 316.91 290.29 269.38 296.94 291.47 298.60 285.78 291.73 % Of Sales - 7.11% 9.71% 12.37% 16.55% 23.61% 20.72% 21.02% 22.16% 31.00% 17.62% Manufacturing Exp. - 3,539.27 2,319.22 1,367.57 1,050.75 452.83 819.71 782.18 630.50 136.09 193.88 % Of Sales - 69.73% 64.55% 53.40% 59.89% 39.69% 57.19% 56.42% 46.78% 14.76% 11.71% General & Admin Exp. - 187.64 137.10 93.92 65.30 102.62 114.42 81.81 108.61 56.88 16.18 % Of Sales - 3.70% 3.82% 3.67% 3.72% 9.00% 7.98% 5.90% 8.06% 6.17% 0.98% Selling & Distn. Exp. - 5.13 6.64 4.87 4.10 3.87 9.19 5.08 6.42 10.99 8.57 % Of Sales - 0.10% 0.18% 0.19% 0.23% 0.34% 0.64% 0.37% 0.48% 1.19% 0.52% Miscellaneous Exp. - 23.05 27.59 19.91 16.66 34.94 38.78 34.40 53.02 120.13 8.57 % Of Sales - 0.45% 0.77% 0.78% 0.95% 3.06% 2.71% 2.48% 3.93% 13.03% 1.91% EBITDA 660.98 426.81 238.94 152.96 141.15 81.33 41.95 42.12 -18.76 -161.11 80.93 EBITDA Margin 10.13% 8.41% 6.65% 5.97% 8.05% 7.13% 2.93% 3.04% -1.39% -17.48% 4.89% Other Income 317.18 334.84 299.62 201.84 161.32 185.72 225.50 171.24 183.15 216.99 184.74 Interest 14.86 15.86 16.32 10.40 1.83 10.10 2.88 5.11 7.69 9.12 4.40 Depreciation 45.90 42.49 41.33 39.17 35.71 29.09 30.09 27.08 28.96 26.65 27.80 PBT 917.40 703.29 480.92 305.22 264.93 227.87 234.48 181.16 127.75 20.12 233.47 Tax 228.40 175.89 123.65 77.09 67.71 53.65 60.39 69.02 35.35 8.65 87.10 Tax Rate 24.90% 25.01% 25.71% 25.26% 26.32% 25.90% 26.98% 38.57% 27.67% 42.99% 34.96% PAT 688.99 527.40 357.27 228.12 189.53 153.47 163.48 109.94 92.40 11.46 162.05 PAT before Minority Interest 688.99 527.40 357.27 228.12 189.53 153.47 163.48 109.94 92.40 11.46 162.05 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 10.56% 10.39% 9.94% 8.91% 10.80% 13.45% 11.41% 7.93% 6.86% 1.24% 9.79% PAT Growth 74.53% 47.62% 56.61% 20.36% 23.50% -6.12% 48.70% 18.98% 706.28% -92.93% EPS 60.12 46.02 31.18 19.91 16.54 13.39 14.27 9.59 8.06 1.00 14.14

Results Balance Sheet

Standalone Figures in Rs. Crores

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 2,079.26 1,673.44 1,413.82 1,257.89 1,137.12 1,040.23 1,038.31 1,021.54 1,083.14 1,134.26 Share Capital 114.55 114.55 114.55 114.55 114.55 114.55 114.55 114.55 123.84 123.84 Total Reserves 1,964.71 1,558.89 1,299.27 1,143.34 1,022.57 925.68 923.76 906.98 959.30 1,010.42 Non-Current Liabilities 320.15 349.12 223.70 321.20 238.21 274.63 83.17 80.12 62.13 32.99 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 288.52 319.02 191.78 292.49 223.47 254.35 64.32 60.79 11.71 8.12 Current Liabilities 8,149.25 8,456.35 9,240.86 6,256.32 5,548.48 4,247.02 3,068.45 3,217.35 3,421.36 3,284.24 Trade Payables 1,151.41 992.42 1,173.87 411.69 782.72 546.78 370.09 688.83 367.96 528.53 Other Current Liabilities 6,943.61 7,370.30 7,737.02 5,682.17 4,603.85 3,547.65 2,557.55 2,385.19 2,904.39 2,681.67 Short Term Borrowings 0.00 55.58 301.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 54.23 38.04 28.80 162.46 161.92 152.59 140.81 143.33 149.01 74.04 Total Liabilities 10,548.66 10,478.91 10,878.38 7,835.41 6,923.81 5,561.88 4,189.93 4,319.01 4,566.63 4,451.49 Net Block 515.16 492.57 507.61 500.65 340.20 303.69 302.25 389.17 358.34 343.70 Gross Block 816.18 754.21 729.70 687.03 496.14 430.81 399.59 472.33 412.63 371.50 Accumulated Depreciation 301.02 261.64 222.09 186.37 155.94 127.12 97.33 83.16 54.29 27.80 Non Current Assets 1,024.47 1,033.13 912.55 2,009.05 1,446.35 754.22 618.49 1,809.04 1,278.30 1,623.39 Capital Work in Progress 28.00 24.76 6.04 9.66 151.30 51.52 34.19 16.03 23.18 22.28 Non Current Investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 395.00 433.15 315.95 365.03 268.02 330.22 107.68 101.27 108.90 36.79 Other Non Current Assets 86.31 82.65 82.94 1,133.71 686.83 68.79 174.36 1,302.57 787.87 1,220.61 Current Assets 9,524.14 9,445.62 9,965.75 5,825.90 5,477.02 4,807.14 3,571.01 2,509.60 3,287.96 2,827.72 Current Investments 0.00 0.00 233.66 196.68 825.82 54.00 1.83 0.00 0.00 0.00 Inventories 3,552.25 3,984.44 2,918.50 1,172.27 787.87 441.02 349.57 513.10 485.89 654.56 Sundry Debtors 259.46 194.21 50.84 151.34 178.14 535.28 219.86 202.06 198.86 153.83 Cash & Bank 3,731.85 3,720.34 4,327.81 2,557.74 2,281.17 2,611.32 1,989.40 1,022.15 1,620.26 1,281.40 Other Current Assets 1,980.58 191.11 176.25 68.10 1,404.01 1,165.51 1,010.35 772.29 982.94 737.94 Short Term Loans & Adv. 1,826.38 1,355.53 2,258.68 1,679.77 1,311.40 962.07 760.30 707.47 859.83 127.07 Net Current Assets 1,374.89 989.27 724.89 -430.42 -71.46 560.12 502.56 -707.75 -133.40 -456.52 Total Assets 10,548.61 10,478.75 10,878.30 7,834.95 6,923.37 5,561.36 4,189.50 4,318.64 4,566.26 4,451.11

Cash Flow

Standalone Figures in Rs. Crores

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 15.59 -706.89 1,450.23 -355.70 515.28 627.84 -111.67 -74.02 -191.22 -169.76 PBT 703.29 480.92 305.22 257.24 207.12 223.87 178.96 127.75 20.12 247.11 Adjustment -242.54 -224.26 -140.02 -102.84 -119.39 -182.50 -137.76 -139.12 -174.37 -157.85 Changes in Working Capital -269.28 -839.90 1,362.13 -442.39 481.19 461.89 -278.79 -99.54 42.06 -195.20 Cash after chg. in Working capital 191.47 -583.24 1,527.33 -287.98 568.92 503.25 -237.58 -110.91 -112.19 -105.94 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -175.89 -123.65 -77.09 -67.71 -53.65 124.58 125.91 36.90 -79.03 -63.82 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity 169.78 1,055.70 -1,666.29 428.58 -1,172.73 244.95 197.81 267.37 226.82 109.53 Net Fixed Assets -65.21 -43.23 -39.05 -49.25 -165.11 -48.55 54.58 -52.55 -42.03 181.24 Net Investments 0.00 233.66 -36.98 629.14 -771.82 -52.17 -1.83 0.00 0.00 0.00 Others 234.99 865.27 -1,590.26 -151.31 -235.80 345.67 145.06 319.92 268.85 -71.71 Cash from Financing Activity -186.75 -357.52 220.33 -72.49 -62.45 -152.83 -88.75 -193.31 -50.00 -29.58 Net Cash Inflow / Outflow -1.39 -8.72 4.27 0.39 -719.91 719.95 -2.62 0.04 -14.40 -89.80 Opening Cash & Equivalents 5.27 13.99 9.71 9.32 729.23 9.27 11.89 11.85 26.25 116.05 Closing Cash & Equivalent 3.88 5.27 13.99 9.71 9.32 729.23 9.27 11.89 11.85 26.25

Financial Ratios

Standalone

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 181.51 146.09 123.42 109.81 99.27 90.81 90.64 89.18 874.63 915.91 ROA 5.02% 3.35% 2.44% 2.57% 2.46% 3.35% 2.58% 2.08% 0.25% 2.71% ROE 28.11% 23.14% 17.08% 15.83% 14.10% 15.73% 10.67% 8.78% 1.03% 15.42% ROCE 37.77% 28.88% 21.23% 21.63% 19.95% 21.82% 17.87% 12.72% 2.61% 23.87% Fixed Asset Turnover 6.46 4.84 3.62 2.97 2.46 3.45 3.18 3.05 2.37 3.55 Receivable days 16.31 12.45 14.41 34.27 114.13 96.15 55.54 54.21 69.26 33.55 Inventory Days 270.99 350.66 291.50 203.90 196.59 100.67 113.56 135.08 223.96 572.67 Payable days 750.80 783.83 485.42 1227.57 1279.93 130.55 153.44 156.15 175.20 127.48 Cash Conversion Cycle -463.50 -420.72 -179.52 -989.41 -969.22 66.27 15.65 33.14 118.03 478.74 Total Debt/Equity 0.00 0.03 0.21 0.00 0.00 0.00 0.00 0.00 0.02 0.00 Interest Cover 45.34 30.47 30.34 141.55 21.52 78.82 36.00 17.61 3.21 57.64

Top Investors:

llp

Annual Reports:

News Update:

Garden Reach Shipbuilders inks pact with Hindustan Shipyard to boost national shipbuilding
10th Feb 2026, 09:58 AM

This collaboration is expected to leverage the complementary strengths of both shipyards
Read More
Garden Reach Shipbuilders signs MoU with K2 Cranes & Components
29th Jan 2026, 09:29 AM

The MoU is for the design, development, and manufacture of marine, defence and shipyard cranes and associated equipment
Read More
Garden Reach Ship - Quarterly Results
29th Jan 2026, 00:00 AM

Read More

Garden Reach Shipbuilders & Engineers Ltd.

Ship Building

BSE: 542011 | NSE: GRSE

Stock Summary

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Standalone Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores

Results Balance Sheet

Standalone Figures in Rs. Crores

Cash Flow

Standalone Figures in Rs. Crores

Financial Ratios

Standalone

Top Investors:

Annual Reports:

News Update:

Garden Reach Shipbuilders & Engineers Ltd.

Ship Building

BSE: 542011 | NSE: GRSE

Stock Summary

Shareholding Pattern

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Standalone Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores

Results Balance Sheet

Standalone Figures in Rs. Crores

Cash Flow

Standalone Figures in Rs. Crores

Financial Ratios

Standalone

Top Investors:

Annual Reports:

News Update: