| Revenue TTM | ₹7,506.9 Cr34.5% YoY Growth |
|---|---|
| Market Cap | ₹28,581.9 CrMid-cap |
| P/E Ratio | 35.7Industry: 51.8 |
| ROE | 28.48%Annual |
Key highlights
- MoU with DNV focuses on warship design, marine engineering, and digitalization including AI and Industry 4.0
- Collaboration with Damen Technical Cooperation B.V. targets Trailing Suction Hopper and Water Injection Dredgers
- Partnerships were formalized during the SMM Hamburg Maritime Trade Fair in Germany
- GRSE reports a trailing twelve-month operating revenue of ₹7,506.9 crore
- Company maintains the infrastructure to undertake concurrent construction of 28 ships at a time
Strategic Global Partnerships
Garden Reach Shipbuilders & Engineers Ltd signed two Memorandum of Understandings during the SMM Hamburg Maritime Trade Fair to expand its technological frontier. The agreement with Norway-based DNV focuses on establishing advanced expertise in warship design, shipbuilding, and marine engineering through digitalization and technical assurance. Simultaneously, the partnership with Damen Technical Cooperation B.V.
from the Netherlands establishes a framework for the design and construction of specialized dredgers. These collaborations are intended to combine GRSE's domestic shipbuilding capacity with global design expertise to serve Indian customers and international requirements.
Operational and Technical Focus
- Development of advanced warships and specialized vessels using sustainable green shipping technologies
- Integration of AI and Industry 4.0 practices into digital shipbuilding workflows
- Joint design and construction proposals for Trailing Suction Hopper Dredgers (TSHD)
- Technical know-how transfer to enhance indigenous dredger-building capabilities in India
- Skill development and knowledge exchange programs between the global partners and GRSE engineers
Company Background and Capacity
GRSE is a premier Navratna Defence Public Sector Undertaking that has evolved from a small workshop in 1884 to a leading Indian shipyard. The company was the first in independent India to build a warship for the Indian Navy and has since delivered 118 warships, the highest number by any domestic shipyard. With four distinct shipyards and a state-of-the-art virtual reality lab, the company can concurrently construct up to 28 vessels.
Its diverse portfolio includes frigates, corvettes, fleet tankers, and landing crafts, alongside a diversified engineering business producing pre-fabricated steel bridges and naval surface guns.
Financial Performance and Sector Outlook
The company exhibits robust financial health with a net profit TTM of ₹800.6 crore and an annual net profit growth of 41.81%. Revenue from operations for the June 2026 quarter stood at ₹1,814.62 crore, marking a 38.53% increase compared to the previous year. GRSE's valuation metrics show a P/E ratio of 35.7, positioned below the industry average of 51.82, and a price-to-book value of 10.21.
The Aerospace & Defence sector continues to see strong growth dynamics, with GRSE's performance supported by a healthy Piotroski Score of 7 and a consistent promoter holding of 74.5%.
“A partnership focused on innovation, sustainability and global excellence — contributing to a stronger and more self-reliant Indian maritime and defence ecosystem.”
“Combining global design expertise with Indian shipbuilding strength to build the next generation of dredgers for India and beyond.”
| Share price | ₹2495.1 |
|---|---|
| Market capitalisation | ₹28,581.87 Cr |
| Revenue (annual) | ₹7,002.16 Cr |
| Net profit (annual) | ₹747.93 Cr |
| Revenue (latest quarter) | ₹1,814.62 Cr-14.37% vs previous quarter |
| Net profit (latest quarter) | ₹172.84 Cr-43.00% vs previous quarter |
| P/E (TTM) | 35.7×Sector 55.22× |
| Promoter holding | 74.5%0.00% QoQ |
| FII holding | 3.21%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Garden Reach Shipbuilders & Engineers Ltd announcing the signing of two strategic MoUs with DNV and Damen Technical Cooperation. Market figures from a third-party data provider.
