ALFA Finder| 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
- ₹2,225.40
- Market cap
- ₹25,492 Cr
- Revenue (annual)
- ₹7,002 Cr
- Net profit (annual)
- ₹747.9 Cr
- P/E (TTM)
- 31.1×Sector 51.9×
- Promoter holding
- 74.50%+0.00% QoQ
- FII holding
- 3.17%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Garden Reach Shipbuilders & Engineers Ltd
All →Garden Reach Shipbuilders & Engineers Results Update
GRSE's Q2 FY27 revenue rose 9% to Rs 1,827 Cr, with PAT up 12%. H1 revenue grew 22%, backed by vessel launches and infrastructure projects.
Garden Reach Shipbuilders & Engineers Q2 FY27 Results: Net Profit ₹172 Cr, Up 11.8% YoY
Garden Reach Shipbuilders & Engineers Ltd reported revenue from operations of ₹1,827 Cr (+8.9% YoY) and net profit of ₹172 Cr (+11.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹172 Cr · +11.8% YoY
Garden Reach Shipbuilders & Engineers Bags ₹32,000 Cr Order from Indian Navy
GRSE signed a contract with the Indian Navy for five Next Generation Corvettes, valued at about ₹32,000 crore. The win strengthens its defence order book.
- Value
- ₹32,000 Cr
- From
- Indian Navy (Ministry of Defence, Government of India)
Garden Reach Shipbuilders & Engineers Management Change
GRSE appointed Shri Laishram Meenabanta Singh as Part-time Non-Official Independent Director w.e.f. 02 Nov 2026. The term is three years, as per Ministry of Defence order.
Garden Reach Shipbuilders & Engineers Board Meeting Date
GRSE rescheduled its board meeting from 04 Nov to 11 Nov 2026 to approve Q1/H1 FY27 unaudited results. Trading window extended to 13 Nov 2026.
Garden Reach Shipbuilders & Engineers Board Meeting Date
Garden Reach Shipbuilders will hold a board meeting on 4 November 2026 to consider unaudited results for the quarter and half year ended 30 September 2026. The trading window stays closed from 1 October to 6 November 2026.