GRSE : GARDEN REACH SHIPBUILDERS & ENGINEERS Ltd

INTRODUCTION OF GRSE Share

GRSE Garden reach ship builders and Engineer Limited is an Indian state owned ship building company under the minister of defense the GRSE share reparent ownership in the company.

GRSE builds, warships and vessels for the Indian Navy and Coast Guard. Its stock benefits from India’s defense modernization plans.

SHARE HOLDING PATTERNS  OF GRSE Share

As of December 31, 2024, the shareholding pattern for Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is as follows:

Shareholder Category Percentage of Shares Held

Promoters 74.50%

Retail and Others 19.93%

Foreign Institutional Investors 3.70%

Mutual Funds 1.63%

Other Domestic Institutions 0.24%

This data is sourced from Groww

For the most recent shareholding patterns, you can refer to the official reports available on GRSE’s website under their Shareholding Pattern section

key matrix of GRSE Share

Financial MetricQ3 FY2024-2025 (₹ Crore)Q3 FY2023-2024 (₹ Crore)Year-over-Year Change
Revenue1,343.121,004.61+33.7%
Net Profit98.1988.25+11.26%
Earnings Per Share (EPS)8.577.70+11.3%
Net Profit Margin7.31%8.78%-16.78%

Recent Financial Performance of GRSE Share

Financial MetricFY 2024 ValueYear-over-Year Growth
Operating Revenue₹3,593 crore+40.3%
EBITDA₹533.74 crore+52.12%
Profit Before Tax (PBT)₹480.92 crore+57.57%
Profit After Tax (PAT)₹357.27 crore+56.61%

Key Financial Matrix of GRSE Share

MetricValue
Market Capitalization₹19,749 crore
Share Price₹1,724.05 (as of March 20, 2025)
Price-to-Earnings (P/E) Ratio50.03
Earnings Per Share (EPS)₹34.46
Price-to-Book (P/B) Ratio11.80
Return on Equity (ROE)23.14%
Return on Capital Employed (ROCE)28.60%
EBITDA Margin (TTM)13.21%
Debt-to-Equity Ratio0.03
Dividend Yield0.54%
52-Week High/Low₹2,833.80 / ₹744.00

Why should We Consider GRSE Share

As of December 31, 2024, Garden Reach Shipbuilders & Engineers Ltd reported an order book of ₹23,877 crore.  This figure represents the total value of contracts secured by the company for future execution. Notably, the order book has seen fluctuations over recent months: 

• June 30, 2024: ₹25,231.29 crore 

• September 30, 2024: ₹24,221.37 crore  

The order book primarily comprises shipbuilding projects, including contracts for the Indian Navy, Indian Coast Guard, and international clients. For instance, in December 2024 GARDEN REACH SHIPBUILDERS & ENGINEERS Ltd secured an order for the construction of four multi-purpose vessels valued at approximately ₹3,500 crore.   

These figures underscore GRSE’s robust position in the shipbuilding industry, reflecting a steady influx of contracts that contribute to its financial stability and growth prospects.

CONS OF GRSE SHARE

GRSE share is highly volatile and all the controls with government. Any changes in policies will affect its revenue. Dependence on government orders

dependent on defence contracts any reduction or delay in government defence budgets and directly hit performance. slow project execution. Large defence projects are complex and can suffer for delays. payment cycles from government clients can also be slow affecting cash flows. Limited global presence there is a limitation in the international defence export market unlike some global peers. Stock liquidity & valuation risks. Being a smaller PSU liquidity may be lower compared to large defence stock like HAL or BEL. Invevstors may also face valuation risk if the stock is already priced in for future growth. Political & Policy risks defence PSUs are sensitive to changes in government policy privatisation drives or strategic divestments.

Disclaimer:

This blog is intended for educational purposes only and does not constitute investment advice or a recommendation to buy this stock. Investors are advised to conduct their own due diligence and consult a certified financial advisor before making any investment decisions.

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