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Garden Reach Shipbuilders & Engineers Ltd. ( (IN:GRSE) ) has shared an announcement.
Garden Reach Shipbuilders & Engineers Ltd. reported its highest-ever provisional annual turnover of ₹6,400 crore for FY 2025–26, up from ₹5,076 crore a year earlier, and declared a sharply higher interim dividend equal to 129% of paid-up share capital. The strong financial showing reflects continued momentum in naval programmes and an enhanced return to shareholders.
Operationally, FY 2025–26 was marked by the commissioning of five major naval vessels and delivery of eight ships to the Indian Navy, including advanced Project 17A frigates, survey vessels and Anti-Submarine Warfare Shallow Water Crafts. GRSE also advanced a contract for five Next Generation Corvettes and made notable progress on specialised and export vessels, underscoring its growing execution capabilities and strengthening its role in India’s naval and export shipbuilding ecosystem.
More about Garden Reach Shipbuilders & Engineers Ltd.
Garden Reach Shipbuilders & Engineers Ltd. is a state-owned Indian shipyard based in Kolkata, focused on building complex warships and auxiliary vessels for the Indian Navy and other maritime customers. The company is also expanding into specialised platforms such as research ships, hybrid ferries, commercial vessels and export projects, reinforcing its position in the defence and commercial shipbuilding markets.
Average Trading Volume: 100,976
Technical Sentiment Signal: Buy
Current Market Cap: 225.8B INR
For detailed information about GRSE stock, go to TipRanks’ Stock Analysis page.