| Management target | Revenue FY28 |
|---|
| Revenue growth | 39% YoY revenue growth driven by strong ship delivery execution. |
|---|---|
| Margins | Healthy; PAT margins improved with 44% YoY profit growth. |
| Order book | ₹13,596 Cr; dropped recently due to exceptionally high execution rates. |
| Demand visibility | Strong; ₹1.5 Lakh Cr in defense RFPs expected soon. |
| Management confidence | Extremely confident, highlighting Navratna status and aggressive expansion plans. |
Growth
Revenue grew 39% and PAT 44% YoY, reflecting high execution and delivery efficiency.
Outlook
Order book stands at ₹13,596 Cr; execution focus remains on P17 Alpha and ASWSWC.
Risks
Contract delays in Next Generation Corvette (NGC) and heavy reliance on government defense procurement timelines.
Last quarter's promises, checked
Delivered
- Launch of first NGOPV planned May 20th → Launched first NGOPV (= BEAT)
- Revenue growth of 38% for FY26 → Delivered 39% growth in Q1FY27 (= BEAT)
- Increase capacity to 32 ships by end of calendar year → On track with expansion (= BEAT)
Partly delivered
- Order book drop below 20k Cr seen as positive execution → Fell to 13,596 Cr (= PARTIAL)
Missed
- NGC contract signature expected in June (Q1) → Contract still pending (= MISS)
Earnings Call Transcript filed with BSE, NSE: GRSE. Summary written with AI assistance from the document.
Garden Reach Shipbuilders & Engineers Ltd: key numbers
- Share price
- ₹2,319.00
- Market cap
- ₹26,565 Cr
- Revenue (annual)
- ₹7,002 Cr
- Net profit (annual)
- ₹747.9 Cr
- P/E (TTM)
- 33.2×Sector 53.6×
- Promoter holding
- 74.50%+0.00% QoQ
- FII holding
- 3.21%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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