About
Garden Reach Shipbuilders & Engineers Limited engages in the design and construction of war ships in India. The company offers frigates, anti-submarine warfare corvette, missile corvette, landing ship tank, landing craft utility, survey vessel, fleet replenishment tanker, fast patrol vessel, offshore patrol vessel, inshore patrol vessel, water jet fast attack craft, anti-submarine warfare shallow water craft, electric ferries, ocean going passenger and cargo ferry vessel, hovercraft, and fast interceptor boat products to the Indian Navy, Indian Coast Guard, and other government. It also provides unmanned surface vessels, autonomous underwater vessels, ship-based drones, and green platforms and naval surface guns. In addition, the company offers portable bridges; and deck machinery equipment, such as anchor capstans and windlass, mooring and dock capstans, general-purpose and ammunition davits, electric boats and electro-hydraulic drive deck machinery products, survey vessels, hydrographic and oceanographic surveys, helicopter traversing systems, and dock capstans and winches. Further, it engages in the assembling, overhauling, and testing of marine diesel engines, as well as provides dry docking and afloat maintenance, refit, and repair services for defense and commercial ships. The company was founded in 1884 and is based in Kolkata, India.
Key Metrics
as of Sep 2026Market Cap29,018 Cr
P/E36.20
Div Yield0.51 %
Book Value₹229.00
52w High₹3,339.00
52w Low₹1,964.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,815.00 | 2,119.00 | 1,896.00 | 1,677.00 | 1,310.00 | 1,642.00 | 1,271.00 | 1,153.00 | 1,010.00 | 1,016.00 | 923.00 | 898.00 | 756.00 |
| Expenses | 1,665.00 | 1,764.00 | 1,724.00 | 1,521.00 | 1,198.00 | 1,421.00 | 1,196.00 | 1,084.00 | 953.00 | 925.00 | 874.00 | 849.00 | 710.00 |
| Operating Profit | 149.00 | 355.00 | 172.00 | 156.00 | 112.00 | 221.00 | 75.00 | 69.00 | 56.00 | 91.00 | 49.00 | 49.00 | 46.00 |
| OPM % | 8.00 | 17.00 | 9.00 | 9.00 | 9.00 | 13.00 | 6.00 | 6.00 | 6.00 | 9.00 | 5.00 | 5.00 | 6.00 |
| Other Income | 100.00 | 71.00 | 62.00 | 69.00 | 73.00 | 114.00 | 72.00 | 75.00 | 74.00 | 76.00 | 82.00 | 72.00 | 71.00 |
| Depreciation | 14.00 | 13.00 | 12.00 | 12.00 | 12.00 | 10.00 | 11.00 | 11.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Interest | 4.00 | 3.00 | 4.00 | 4.00 | 6.00 | 1.00 | 2.00 | 2.00 | 4.00 | 3.00 | 1.00 | 2.00 | 5.00 |
| Profit before tax | 232.00 | 411.00 | 218.00 | 209.00 | 167.00 | 324.00 | 134.00 | 131.00 | 115.00 | 153.00 | 119.00 | 107.00 | 102.00 |
| Tax % | 25.00 | 26.00 | 22.00 | 27.00 | 28.00 | 25.00 | 27.00 | 25.00 | 24.00 | 27.00 | 26.00 | 25.00 | 25.00 |
| Net Profit | 173.00 | 303.00 | 171.00 | 154.00 | 120.00 | 244.00 | 98.00 | 98.00 | 87.00 | 112.00 | 88.00 | 81.00 | 77.00 |
| EPS in Rs | 15.09 | 26.47 | 14.91 | 13.43 | 10.49 | 21.32 | 8.57 | 8.53 | 7.61 | 9.74 | 7.70 | 7.05 | 6.69 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,002.00 | 5,076.00 | 3,593.00 | 2,561.00 | 1,754.00 | 1,141.00 | 1,433.00 | 1,386.00 | 1,347.00 | 921.00 | 1,657.00 | 1,562.00 |
| Expenses | 6,207.00 | 4,654.00 | 3,357.00 | 2,412.00 | 1,613.00 | 1,060.00 | 1,391.00 | 1,344.00 | 1,362.00 | 1,082.00 | 1,565.00 | 1,500.00 |
| Operating Profit | 795.00 | 422.00 | 235.00 | 149.00 | 141.00 | 81.00 | 42.00 | 42.00 | -15.00 | -161.00 | 92.00 | 62.00 |
| OPM % | 11.00 | 8.00 | 7.00 | 6.00 | 8.00 | 7.00 | 2.90 | 3.00 | -1.10 | -17.00 | 6.00 | 4.00 |
| Other Income | 274.00 | 335.00 | 300.00 | 202.00 | 154.00 | 165.00 | 215.00 | 169.00 | 179.00 | 217.00 | 191.00 | 61.00 |
| Interest | 16.00 | 11.00 | 13.00 | 7.00 | 2.00 | 10.00 | 3.00 | 5.00 | 8.00 | 9.00 | 4.00 | 6.00 |
| Depreciation | 49.00 | 42.00 | 41.00 | 39.00 | 36.00 | 29.00 | 30.00 | 27.00 | 29.00 | 27.00 | 28.00 | 27.00 |
| Profit before tax | 1,005.00 | 703.00 | 481.00 | 305.00 | 257.00 | 207.00 | 224.00 | 179.00 | 128.00 | 20.00 | 252.00 | 90.00 |
| Tax % | 26.00 | 25.00 | 26.00 | 25.00 | 26.00 | 26.00 | 27.00 | 39.00 | 28.00 | 43.00 | 35.00 | 43.00 |
| Net Profit | 748.00 | 527.00 | 357.00 | 228.00 | 190.00 | 153.00 | 163.00 | 110.00 | 92.00 | 11.00 | 164.00 | 52.00 |
| EPS in Rs | 65.29 | 46.04 | 31.19 | 19.91 | 16.55 | 13.40 | 14.27 | 9.60 | 8.07 | 9.26 | 132.79 | 41.77 |
| Dividend Payout % | 30.00 | 30.00 | 30.00 | 31.00 | 35.00 | 37.00 | 50.00 | 72.00 | 55.00 | 472.00 | 15.00 | 48.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 115.00 | 115.00 | 115.00 | 115.00 | 115.00 | 115.00 | 115.00 | 115.00 | 115.00 | 124.00 | 124.00 | 124.00 |
| Reserves | 2,512.00 | 1,965.00 | 1,559.00 | 1,299.00 | 1,143.00 | 1,023.00 | 926.00 | 924.00 | 907.00 | 959.00 | 1,013.00 | 883.00 |
| Borrowings | 37.00 | 10.00 | 66.00 | 312.00 | 11.00 | 4.00 | 0.00 | 0.00 | 0.00 | 25.00 | 0.00 | 0.00 |
| Other Liabilities | 7,973.00 | 8,274.00 | 8,524.00 | 9,057.00 | 6,374.00 | 5,656.00 | 4,355.00 | 3,152.00 | 3,302.00 | 3,458.00 | 3,317.00 | 2,994.00 |
| Total Liabilities | 10,636.00 | 10,362.00 | 10,263.00 | 10,783.00 | 7,643.00 | 6,797.00 | 5,395.00 | 4,191.00 | 4,323.00 | 4,567.00 | 4,454.00 | 4,001.00 |
| Fixed Assets | 584.00 | 515.00 | 493.00 | 508.00 | 501.00 | 340.00 | 304.00 | 302.00 | 389.00 | 358.00 | 344.00 | 366.00 |
| CWIP | 16.00 | 28.00 | 25.00 | 6.00 | 10.00 | 151.00 | 52.00 | 34.00 | 16.00 | 23.00 | 22.00 | 11.00 |
| Investments | 0.00 | 0.00 | 0.00 | 234.00 | 197.00 | 826.00 | 54.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 10,036.00 | 9,819.00 | 9,746.00 | 10,036.00 | 6,936.00 | 5,480.00 | 4,986.00 | 3,852.00 | 3,918.00 | 4,185.00 | 4,088.00 | 3,624.00 |
| Total Assets | 10,636.00 | 10,362.00 | 10,263.00 | 10,783.00 | 7,643.00 | 6,797.00 | 5,395.00 | 4,191.00 | 4,323.00 | 4,567.00 | 4,454.00 | 4,001.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -290.00 | 16.00 | -707.00 | 1,450.00 | -356.00 | 515.00 | 628.00 | -112.00 | -74.00 |
| Cash from Investing Activity | 527.00 | 170.00 | 1,056.00 | -1,666.00 | 429.00 | -1,173.00 | 245.00 | 198.00 | 267.00 |
| Cash from Financing Activity | -223.00 | -187.00 | -358.00 | 220.00 | -72.00 | -62.00 | -153.00 | -89.00 | -193.00 |
| Net Cash Flow | 13.00 | -1.00 | -9.00 | 4.00 | 0.00 | -720.00 | 720.00 | -3.00 | 0.00 |
| Free Cash Flow | -367.00 | -51.00 | -755.00 | 1,408.00 | -411.00 | 351.00 | 560.00 | -164.00 | -124.00 |
| CFO/OP % | -4.00 | 45.00 | -248.00 | 1,023.00 | -204.00 | 701.00 | 1,200.00 | -564.00 | 748.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64.00 | 19.00 | 20.00 | 7.00 | 31.00 | 57.00 | 136.00 | 58.00 | 55.00 | 79.00 | 34.00 | 37.00 |
| Inventory Days | 306.00 | 368.00 | 648.00 | 662.00 | 458.00 | 606.00 | 1,590.00 | 168.00 | 727.00 | 383.00 | 236.00 | 334.00 |
| Days Payable | 164.00 | 119.00 | 161.00 | 266.00 | 159.00 | 592.00 | 1,922.00 | 177.00 | 968.00 | 290.00 | 190.00 | 202.00 |
| Cash Conversion Cycle | 205.00 | 267.00 | 507.00 | 404.00 | 330.00 | 71.00 | -196.00 | 48.00 | -186.00 | 172.00 | 79.00 | 170.00 |
| Working Capital Days | -81.00 | -169.00 | -276.00 | -546.00 | -660.00 | -1,012.00 | -533.00 | -392.00 | -468.00 | -705.00 | -388.00 | -1,124.00 |
| ROCE % | 43.00 | 37.00 | 27.00 | 20.00 | 20.00 | 21.00 | 22.00 | 18.00 | 12.00 | 3.00 | 24.00 | 10.00 |
Corporate Actions
16 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 03 Feb 2026 | 03 Feb 2026 | — | 7.15 | |
| Dividend | 11 Nov 2025 | 11 Nov 2025 | — | 5.75 | |
| Dividend | 12 Sep 2025 | 12 Sep 2025 | — | 4.90 | |
| Dividend | 07 Feb 2025 | 07 Feb 2025 | — | 8.95 | |
| Dividend | 13 Sep 2024 | — | — | 1.44 | |
| Dividend | 23 Feb 2024 | 23 Feb 2024 | — | 7.92 | |
| Dividend | 15 Sep 2023 | — | — | 0.70 | |
| Dividend | 20 Feb 2023 | 20 Feb 2023 | — | 5.50 | |
| Dividend | 16 Sep 2022 | — | — | 0.85 | |
| Dividend | 22 Feb 2022 | 23 Feb 2022 | — | 4.95 | |
| Dividend | 02 Sep 2021 | — | — | 1.15 | |
| Dividend | 17 Feb 2021 | 18 Feb 2021 | — | 3.85 | |
| Dividend | 03 Sep 2020 | — | — | 1.40 | |
| Dividend | 26 Mar 2020 | 27 Mar 2020 | — | 5.74 | |
| Dividend | 12 Sep 2019 | — | — | 5.10 | |
| Dividend | 27 Mar 2019 | 28 Mar 2019 | — | 1.85 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update22 Jun from care
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Rating update1 Jul 2025 from care
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Rating update4 Jul 2024 from care
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Rating update6 Jul 2023 from brickwork
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Rating update20 Jun 2023 from care
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Rating update1 Sep 2022 from brickwork