GRSE

What Garden Reach Shipbuilders & Engineers promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 23 tracked 4 delivered 2 missed 17 open
  • Revenue CAGR delivered said Q3 FY25 Promised: maintain a CAGR between 20% to 25% over a 5-year period Q1 FY27: Q1 FY27 revenue grew 39% YoY to ₹1,815 crore, continuing to outperform the required run-rate for the long-term CAGR target.
  • Order Book Value missed said Q2 FY26 Promised: ending the financial year with an order book plus 50,000 crores Q1 FY27: No new update. Status remains missed.
  • Next-Generation Corvette Contract delayed said Q4 FY25 Promised: optimistic timeline of contract conclusion by December this year, and a conservative timeline of March next year Q1 FY27: The June 2026 (Q1 FY27) target was missed. Management is now confident it will be signed in the current quarter (Q2 FY27).

The rest of the ledger

Above is what the last two calls moved. Pro opens all 23 tracked commitments for Garden Reach Shipbuilders & Engineers — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens