Garden Reach Shipbuilders & Engineers Ltd. (GRSE) AI Stock Analysis

• Market Cap: ₹237.11B
• Dividend Yield: 0.8%
• Average Volume (3M): 173.51K
• Price to Earnings (P/E): 41.0
• Beta (1Y): 2.87
• Revenue Growth: 43.86%
• EPS Growth: 60.18%
• Country: IN
• Employees: 1,573
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 15.00
• Shares Outstanding: 114,552,000
• 10 Day Avg. Volume: 108,904
• 30 Day Avg. Volume: 173,512
• PEG Ratio: 0.77
• Price to Book (P/B): 9.32
• Price to Sales (P/S): 3.82
• P/FCF Ratio: -376.41
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹2,670.00
• Price Target Upside: 9.64% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 64.88
• Revenue Forecast (FY): ₹68.71B

• Rating: 71 Outperform
• Price Target: ₹2,282.00 ▼(-6.29% Downside)
• Action: Upgraded Date: 01/31/26
• Date: Action: Upgraded 01/31/26

The score is driven primarily by strong financial performance (profitability and margin improvement with a solid balance sheet). This is tempered by elevated valuation (high P/E and low yield) and technicals that look overbought despite an underlying uptrend.

Positive Factors

Revenue & Margin Improvement

Sustained revenue growth with expanding gross, EBIT and net margins indicates durable operational improvement. If margins and top-line gains persist, the company can generate higher recurring operating profit per project, strengthening reinvestment capacity and long-term competitiveness.

Negative Factors

Cash-Flow Variability

Volatile operating and free cash flows relative to reported profits reduce predictable internal funding for capex, dividends or working capital. Persistent variability can force external financing around peak builds and weaken resilience to project overruns or payment delays.

Garden Reach Shipbuilders & Engineers Ltd. Business Overview & Revenue Model

Company Description

Garden Reach Shipbuilders & Engineers Limited engages in the construction of war ships in India. The company offers frigates, anti-submarine warfare corvettes, missile corvettes, landing ship tanks, landing craft utilities, survey vessels, fleet r...

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Garden Reach Shipbuilders & Engineers Limited engages in the construction of war ships in India. The company offers frigates, anti-submarine warfare corvettes, missile corvettes, landing ship tanks, landing craft utilities, survey vessels, fleet r...

How the Company Makes Money

GRSE primarily makes money by executing shipbuilding contracts, especially for defense customers. The company’s revenue is largely recognized from long-duration construction programs (e.g., warships and patrol vessels) where payments are typically...

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GRSE primarily makes money by executing shipbuilding contracts, especially for defense customers. The company’s revenue is largely recognized from long-duration construction programs (e.g., warships and patrol vessels) where payments are typically...

Garden Reach Shipbuilders & Engineers Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	59.00B	50.76B	35.93B	25.61B	17.54B	11.41B
Gross Profit	11.55B	10.57B	6.84B	1.95B	5.46B	1.38B
EBITDA	8.92B	7.56B	5.35B	3.51B	2.95B	2.39B
Net Income	6.16B	5.27B	3.57B	2.28B	1.90B	1.53B
Balance Sheet
Total Assets	109.84B	103.54B	102.52B	107.76B	76.32B	67.83B
Cash, Cash Equivalents and Short-Term Investments	31.57B	39.37B	33.81B	41.42B	23.30B	28.08B
Total Debt	319.74M	96.69M	656.71M	3.12B	112.04M	36.93M
Total Liabilities	86.88B	82.75B	85.78B	93.62B	63.74B	56.46B
Stockholders Equity	22.96B	20.79B	16.73B	14.14B	12.58B	11.37B
Cash Flow
Free Cash Flow	-6.44B	-514.69M	-7.55B	14.08B	-4.11B	3.51B
Operating Cash Flow	-6.05B	155.87M	-7.07B	14.50B	-3.56B	5.15B
Investing Cash Flow	6.75B	1.70B	10.56B	-16.66B	4.29B	-11.73B
Financing Cash Flow	-671.97M	-1.87B	-3.58B	2.20B	-724.89M	-624.48M

Garden Reach Shipbuilders & Engineers Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2435.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRSE, the sentiment is Negative. The current price of 2435.25 is above the 20-day moving average (MA) of 2342.70, above the 50-day MA of 2406.38, and below the 200-day MA of 2579.62, indicating a bearish trend. The MACD of -79.29 indicates Positive momentum. The RSI at 32.18 is Neutral, neither overbought nor oversold. The STOCH value of 13.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GRSE.

Garden Reach Shipbuilders & Engineers Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEL	77 Outperform	₹2.96T	46.53	―	0.60%	16.58%	25.45%
HAL	71 Outperform	₹2.40T	39.31	―	0.90%	3.05%	-0.57%
GRSE	71 Outperform	₹237.11B	40.98	―	0.80%	43.86%	60.18%
MAZDOCK	68 Neutral	₹872.87B	28.54	―	0.47%	12.22%	-9.22%
COCHINSHIP	65 Neutral	₹330.69B	73.64	―	0.59%	19.62%	-12.34%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BDL	60 Neutral	₹416.82B	184.29	―	0.33%	82.69%	18.17%

Garden Reach Shipbuilders & Engineers Ltd. Corporate Events