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On 6 Nov 2026, Garden Reach Shipbuilders & Engineers was priced at ₹2,135.70, or 30.6× trailing earnings, against an industry P/E of 54.7×, and the shares are 36% below their 52-week high. Sales and net profit grew 40% and 49% a year over 3 years; its ROCE of 37% is the second-highest among the 7 largest Aerospace & Defense peers. It carries very little debt, and its dividend yield is 0.9%. It is a small-cap company with a market cap of ₹24,465 Cr, ranked 6th of 27 Aerospace & Defense companies by market cap; the shares fell 16% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹2,114.30
Day high
₹2,145.90
Day low
₹2,093.10
Prev. close
₹2,137.20
Volume
3.5 L

Health check

4 good · 1 fair · 1 to check
  • ReturnsIn line

    −16.4% over a year, better than 3 of 7 peers.

  • Price tagCheaper

    P/E 30.6 vs industry 54.7.

  • GrowthStrong

    Sales +40.0%, profit +48.5% a year over 3 years.

  • ProfitabilityStrong

    ROCE 36.8% vs peer median 20.4%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 6 of 9.

  • Red flags1 to check

    36% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Aerospace & Defense

26 listed peers. Screen the industry

Small cap

₹24,465 Cr, #6 of 27 in its industry by size.

Defensive

Beta 0.74 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹7,507 Cr · profit ₹801 Cr
Market cap
₹24,465 Cr
Small cap
P/E
30.6
Industry 54.7
Price to book
9.32
Peers 9.16
Dividend yield
0.92%
ROE
31.8%
Peers 23.2%
ROCE
36.8%
Peers 20.4%
Debt to equity
0.01
Debt ₹37 Cr
EPS (TTM)
₹69.90
Face value ₹10
OPM (TTM)
11.0%
Net margin 10.7%
Sales growth
+38.5%
Latest quarter vs a year ago
Profit growth
+43.8%
Latest quarter vs a year ago
Price to sales
3.26
EV/EBITDA 25.3

Strengths and risks

Strengths

  • Return on equity of 31.8%.
  • Return on capital employed of 36.8%.
  • Practically debt-free.
  • Quarterly profit up 43.8% on a year ago.
  • Quarterly sales up 38.5% on a year ago.

Risks to check

  • 36% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Garden Reach Shipbuilders & Engineers

Garden Reach Shipbuilders & Engineers Limited engages in the design and construction of war ships in India. The company offers frigates, anti-submarine warfare corvette, missile corvette, landing ship tank, landing craft utility, survey vessel, fleet replenishment tanker, fast patrol vessel, offshore patrol vessel, inshore patrol vessel, fast attack craft, anti-submarine warfare shallow water craft, electric ferries, ocean going passenger and cargo ferry…

Headquarters
Kolkata
Employees
1,463
Sector
Industrials
ISIN
INE382Z01011
Website
grse.in

Price range

52 weeks

₹1,842.00₹3,339.00

Today

₹2,093.10₹2,145.90
Avg volume (3M)
5.3 L
1-year return
minus 16.4%
From 52-week high
minus 36.0%

Analyst consensus

8 analysts
BuyMean target ₹2,890.63 plus 35.3%

Target range, with today’s price

Low ₹1,640.00High ₹3,500.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Aerospace & Defense

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
HALHindustan Aeronautics4,980.00minus 1.25%3,33,05035.728.513.8%25.3%0.006.4%plus 7.6%
BELBharat Electronics396.00plus 0.23%2,89,46745.333.731.9%28.2%0.0015.5%minus 4.8%
MAZDOCKMazagoan Dock Shipbuilders1,840.00plus 0.05%74,22230.321.928.5%16.2%0.0819.6%minus 31.5%
BDLBharat Dynamics1,060.00minus 1.40%38,85674.6152.17.2%12.8%0.00−0.9%minus 27.4%
COCHINSHIPCochin Shipyard1,220.00minus 1.05%32,09647.230.316.7%12.6%0.2826.9%minus 30.3%
GRSEGarden Reach Shipbuilders & Engineers2,135.70minus 0.07%24,46530.625.836.8%11.0%0.0140.0%minus 16.4%
DATAPATTNSData Patterns (India)3,767.70minus 4.85%21,09387.854.820.4%39.6%0.0026.8%plus 46.6%
SIGMAADVSIGMA ADVANCED SYSTEMS909.25minus 2.25%17,26998.4264.652.6%14.9%0.71528.7%plus 319.3%
Median of 7 peers–−1.25%38,85647.233.720.4%16.2%0.0019.6%−4.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrMar 25Jun 25Dec 25Mar 26Jun 26
1,6421,3101,8962,1191,815
–––+29.1%+38.5%
1,4211,1981,7241,7641,665
221112172355149
13.4%8.5%9.1%16.8%8.2%
11472.56271.299.6
1.46.13.82.63.8
1011.712.41313.5
324167218411232
24.5%27.9%21.6%26.2%25.3%
244120171303173
–––+24.1%+43.8%
21.3210.4914.9126.4715.09

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+40.0%
Profit CAGR 3Y
+48.5%
EPS CAGR 3Y
+48.6%
ROE
31.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,5483,5885,0716,995
–+40.8%+41.3%+37.9%
2,3823,3364,6116,168
166253460827
6.5%7.0%9.1%11.8%
174265284239
6.511.510.316.1
39.241.342.548.9
11.315.612.64.1
3054817031,005
25.3%25.7%25.0%25.6%
228357527748
–+56.6%+47.6%+41.8%
19.9131.1946.0465.29

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
115115115115
1,2991,5591,9652,512
31265.79.737.4
9,0508,5138,2657,973
10,77610,25210,35410,636
504497521573
4.811.621.215.8
74.674.678.4202
4,1423,3813,6473,183
6,0506,2886,0876,663
10,77610,25210,35410,636

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,450−70715.6−290
−1,6661,056170527
220−358−187−223
4.3−8.7−1.413.4
−42.3−48.1−67.1−76.9
1,408−755−51.5−367
−72.7−98.7−119−204

Shareholding pattern

Source: NSE filings
74.5%
promoters
  • Promoters74.50%
  • Public25.50%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202674.50%25.50%0.00
30 Jun 202674.50%25.50%0.00
31 Mar 202674.50%25.50%0.00
31 Dec 202574.50%25.50%0.00
30 Sep 202574.50%25.50%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you