Garden Reach Shipbuilders & Engineers Ltd Share Price

Garden Reach Shipbuilders & Engineers (GRSE) continues

Garden Reach Shipbuilders & Engineers (GRSE) continues to have a strong fundamental outlook, supported by defence spending, shipbuilding demand and its newly acquired Navratna status. In Q1 FY27, revenue from operations rose 38.5% YoY to ₹1,814.6 crore, while PAT increased 43.8% to ₹172.8 crore, showing strong execution and profitability growth. A major positive trigger is GRSE's ₹2,670 crore expansion plan for shipbuilding and ship-repair facilities in West Bengal, including more than ₹2,500 crore investment at Raichak. This should increase capacity and allow the company to pursue larger defence as well as commercial shipbuilding opportunities. The Navratna status received in June 2026 is another important structural positive because it gives GRSE greater autonomy for investments, joint ventures and expansion. The company has also been diversifying beyond traditional defence vessels into commercial ships, green vessels and exports. GRSE is building 12 multi-purpose vessels for a German customer and has emerged L1 for a 15-tonne electric tug, strengthening its green-shipbuilding credentials.

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Mazagon Dock Bags ₹118 Cr MSETCL AI Project Order

has secured a ₹117.99 crore order from Maharashtra State Electricity Transmission Company Limited (MSETCL) for an AI-based comprehensive infrastructure security project at five substations. The domestic order covers the supply, installation and commissioning of the AI-enabled security and infrastructure systems. The total value includes GST and other applicable charges. The company has been given a timeline of 24 months to complete the project. This win marks Mazagon Dock’s further diversification beyond its core defence shipbuilding business into advanced technology and critical infrastructure solutions. The order strengthens the company’s order book and highlights its growing capabilities in AI-driven applications for the power sector. **Top stocks in the shipbuilding industry:** Cochin Shipyard, Garden Reach Shipbuilders & Engineers (GRSE), and Knowledge Marine & Engineering Works.

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GARDEN REACH SHIPBULDERS INKS MOU WITH DNV IN GERMANY

Kolkata-based defense company

has signed a strategic partnership with the Norway-headquartered maritime organisation Det Norske Veritas (DNV). The Memorandum of Understanding (MoU) was formalised during the prestigious SMM Hamburg Maritime Trade Fair held in Germany, one of the world's leading international maritime industry events. This agreement merges the company's extensive legacy in marine engineering, warship design, and construction with DNV’s worldwide authority in technical assurance, certification, sustainability, digitalisation, and maritime advisory services. Through this collaboration, the two entities will concentrate on engineering state-of-the-art warships and specialised maritime vessels, alongside pioneering green shipping alternatives and ecologically sustainable marine technologies. GRSE is a Navratna Defence Public Sector Undertaking under India's Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.

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Garden Reach Shipbuilders Financial Results Analysis-Q1FY27

Financial performance and key Operating Metrics (Consolidated) : Operating Revenue for Q1FY27 is Rs. 1,815 Crs., 38.53% growth YoY, Total Income is Rs. 1,914 Crs., 38.47% growth YoY, Gross Profit is Rs. 443 Crs., 21.04% Negative growth YoY, EBITDA is Rs. 149 Crs., 19.1% Negative growth YoY, EBITDA Margin is 8.22% declined by 512 basis points YoY, PBT Rs. 232 Crs., 38.87% growth YoY, PAT Rs. 173 Crs. 43.82% growth YoY. On QoQ basis Operating Revenue is down by 14.37%, Total Income is also down by 12.61%, Gross Profit is down by 59.16%, EBITDA is down by 65%, PBT is down by 43.65% and PAT is also down by 42.99%. GRSE received Navratna status (19 Jun 2026), called a “pivotal time” as the yard is pursuing ambitious brownfield + greenfield expansion. Order book: ₹13,596 crore : Shipbuilding: ₹12,980 crore (~95%) Ship repair ₹96 crore; Naval vessel gun ₹219 crore; Bailey bridge ₹158 crore; Deck machinery ₹58 crore; Diesel engine plant ₹82 crore Management cited five live tenders, total value could be plus ₹80,000 crore NGC contract signature timing is the most immediate swing factor for replenishing the shrinking order book. Commercial shipbuilding pivot is constrained today by physical size limits, being bridged via partnership models until greenfield/west-coast facilities come online. Capex intensity is meaningful (₹4,400 crore across two major projects plus ₹200 crore brownfield) with multi-year gestation.

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Update for investors of !Garden Reach ShipBuilder

is currently trading at Rs. 2608.00, up by 12.30 points or 0.47% from its previous closing of Rs. 2595.70 on the BSE. The scrip opened at Rs. 2595.00 and has touched a high and low of Rs. 2,620.90 and Rs. 2577.85 respectively. So far 20390 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3338.90 on 29-Apr-2026 and a 52 week low of Rs. 1965.00 on 30-Mar-2026. Last one week high and low of the scrip stood at Rs. 2705.00 and Rs. 2,577.85 respectively. The current market cap of the company is Rs. 29668.97 crore. The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 5.16% and 20.35% respectively. Garden Reach Shipbuilders & Engineers has received order from West Bengal Tourism Development Corporation (WBTDCL) on August 24, 2026 for ‘Procurement of 2 nos. 100Pax Electric Ferry’ at a contract price of Rs 45.02 crore. The order is to be completed within 18 months from the date of signing of contract. Garden Reach Shipbuilders & Engineers is a shipbuilding company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.

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