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Garden Reach Shipbuilders & Engineers share price & results

Garden Reach Shipbuilders & Engineers Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

State-run Kolkata shipyard building warships for India's Navy & Coast Guard, plus bridges and diesel engines.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,815 ₹ crore+38.5% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin8.0 %−1.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit173 ₹ crore+44.2% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity34.03 %+4.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-5.24 %−4.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)39.64 %−3.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

4 of 6 judged targets kept · 17 open · verdicts reflect calls analysed to Q1 FY27.

Garden Reach Shipbuilders & Engineers Limited management guidance track record on Inve: 23 targets tracked across analysed earnings calls (4 achieved, 2 missed, 17 open).

TargetOriginal wordingSaidLatest callVerdict
Revenue CAGRmaintain a CAGR between 20% to 25% over a 5-year period
Call transcript, Q3 FY25 · 13 Feb 2025		Q3 FY25Q1 FY27:Q1 FY27 revenue grew 39% YoY to ₹1,815 crore, continuing to outperform the required run-rate for the long-term CAGR target.
Call transcript, Q1 FY27 · 6 Aug 2026		Achieved
Order Book Valueending the financial year with an order book plus 50,000 crores
Call transcript, Q2 FY26 · 14 Nov 2025		Q2 FY26Q1 FY27:No new update. Status remains missed.
Call transcript, Q1 FY27 · 6 Aug 2026		Missed
Next-Generation Corvette Contractoptimistic timeline of contract conclusion by December this year, and a conservative timeline of March next year
Call transcript, Q4 FY25 · 20 May 2025		Q4 FY25Q1 FY27:The June 2026 (Q1 FY27) target was missed. Management is now confident it will be signed in the current quarter (Q2 FY27).
Call transcript, Q1 FY27 · 6 Aug 2026		Delayed

Source: Inve Guidance Tracker for Garden Reach Shipbuilders & Engineers Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Garden Reach Shipbuilders & Engineers Limited's 23 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 20 more targets are in the full ledger.

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Price

₹1,869.1 +0.44% · +₹8.1

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −28.4% 1Y

₹2.0k₹2.5k₹3.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 12 May 2026Q1 FY27 — 6 Aug 2026

1Y: ₹2,611.6 on 24 Oct 2025 → ₹1,869.1. High ₹3,093.8 (7 May 2026), low ₹1,861 (23 Oct 2026).

Previous close
₹1,861
Market cap
₹21.4k Cr
52-week range
₹1,861 – ₹3,093.8
One year
−27.38%
Price to earnings (TTM to Jun 2026)
26.73×
Return on equity (TTM to Jun 2026)
34.03%

Overview

Symbol
NSE:GRSE
Industry
Industrials
Exchange
NSE
Currency
INR

What Garden Reach Shipbuilders & Engineers Limited does

Based on the company's own presentations, annual report and earnings calls.

Garden Reach Shipbuilders & Engineers is a Government of India defence shipyard under the Ministry of Defence that designs and builds warships, patrol vessels, survey ships and landing craft mainly for the Indian Navy and Coast Guard, alongside commercial and export vessels. Beyond shipbuilding, it runs a ship-repair and refit vertical using leased dry docks at Kolkata port, an Engineering division that makes Bailey-type portable steel bridges and marine deck machinery, and a Diesel Engine Plant at Ranchi that manufactures marine diesel engines in technology partnership with MTU, Germany. It earns revenue from long-cycle shipbuilding contracts with the Navy/Coast Guard and other government agencies, ship-repair contracts, and sale of bridges, deck machinery and engines to defence and civil customers.

Segments

  • Shipbuilding
  • Ship Repair
  • Engineering
  • Marine Diesel Engines
Warships delivered (cumulative)
100+
Warships currently under construction
14
Dry docks leased for ship repair (Kolkata port)
3
Operating verticals
Shipbuilding, Ship Repair, Engineering, Marine Diesel Engines
Ship-repair export markets
Sri Lanka, Maldives, Mauritius, Seychelles (Indian Ocean Region)
Portable steel bridge market position
Leads the Indian market in portable steel bridges
Headquarters Kolkata, West Bengal, IndiaEmployees 1,690 (FY2024-25 (as of 31 Mar ) Company website

How the price took the results

close before → close after

Q1 FY27
+3.7%
6 Aug
Q4 FY26
−5.2%
12 May
Q3 FY26
+0.5%
12 Feb
Q2 FY26
+5.4%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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