Garden Reach Shipbuilders & Engineers Limited
NSE: GRSEINE382Z01011·Capital GoodsSmallcap 250·www.grse.in ↗·Mcap ₹27,272 Cr·Listed 2018
₹2,319.00▼ ₹25.00  (−1.07%)
52W: ₹1,964 – ₹3,339 · Vol: 2.5L shares · Close 25 Sept
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Quarterly results

standalone · as filed with NSE · Q1 FY27 back to Q3 FY19
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24Q1 FY24Q4 FY23Q3 FY23Q2 FY23Q1 FY23Q4 FY22Q3 FY22Q2 FY22Q1 FY22Q4 FY21Q3 FY21Q2 FY21Q1 FY21Q4 FY20Q3 FY20Q2 FY20Q1 FY20Q4 FY19Q3 FY19
Revenue from operations1,8152,1191,8961,6771,3101,6421,2711,1531,0101,016923898756601699682580545487422304399360272110457370439168489489
Other income99.671.26268.772.511472.174.973.975.981.571.570.669.950.240.840.940.443.836.239.850.939.347.45052.851.270.151.45041.5
Total expenses1,6831,7801,7401,5371,2161,4321,2091,097968939886862725595663644556522445376310371326245158430379432183466457
EBITDA14935517215611222175.368.756.390.648.748.846.120.446.948.333.532.65254.9237.541.633.4−40.434.5−1.215.2−8.131.141.1
EBITDA margin8.2%16.8%9.1%9.3%8.5%13.5%5.9%6.0%5.6%8.9%5.3%5.4%6.1%3.4%6.7%7.1%5.8%6.0%10.7%13.0%0.7%9.4%11.6%12.3%-36.8%7.6%-0.3%3.5%-4.8%6.4%8.4%
Finance costs3.82.63.83.66.11.42.32.44.23.31.12.54.641.30.60.60.2−00.70.32.20.20.20.1−0.41.10.50.11.42.4
Depreciation13.51312.411.911.71011.310.710.410.410.410.410.1109.99.89.59.69.98.87.47.87.767.77.97.57.86.96.76.8
Profit before tax23241121820916732413413111515311910710276.385.978.864.263.28681.626.578.57353.81.869.241.57736.27371.3
Tax58.71084755.646.579.335.632.828.241.230.426.825.321222014.1162322.95.920.515.316.11.619.512181139.426.3
Net profit17330317115412024498.297.887.211288.380.776.755.363.958.750.247.262.958.820.65857.637.70.149.729.55925.333.644.9
Net margin9.5%14.3%9.0%9.2%9.2%14.9%7.7%8.5%8.6%11.0%9.6%9.0%10.1%9.2%9.1%8.6%8.7%8.7%12.9%13.9%6.8%14.5%16.0%13.8%0.1%10.9%8.0%13.4%15.0%6.9%9.2%
EPS (₹)15.0926.4714.9113.4310.4921.328.578.547.619.747.707.056.694.835.585.134.384.125.495.131.805.065.033.290.014.342.575.152.212.943.92
Net profit YoY+43.8%+24.1%+73.9%+57.3%+37.8%+118.9%+11.3%+21.1%+13.7%+101.8%+38.1%+37.5%+52.8%+17.2%+1.6%−0.1%+143.6%−18.6%+9.2%+56.0%+13758.5%+16.7%+95.4%−36.1%−99.4%+47.8%−34.3%––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24FY23FY22FY21FY20FY19
Revenue from operations7,0025,0763,5932,5611,7581,1411,4331,386
Other income274335300202161188225171
Total expenses6,2724,7073,4112,4581,6531,1011,4241,377
EBITDA79542123414914172.140.442.1
EBITDA margin11.4%8.3%6.5%5.8%8.0%6.3%2.8%3.0%
Finance costs16.110.311.56.50.82.71.35.1
Depreciation48.942.541.339.235.729.130.127.1
Profit before tax1,005703481305257207224179
Tax25717612477.167.753.660.469
Net profit748527357228190153163110
Net margin10.7%10.4%9.9%8.9%10.8%13.5%11.4%7.9%
EPS (₹)65.2946.0431.1919.9116.5513.4014.279.60
Net profit YoY+41.8%+47.6%+56.6%+20.4%+23.5%−6.1%+48.7%–
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24FY23FY22
Operating cash flow−29015.6−7071,450−356
Investing cash flow5271701,056−1,666428
Financing cash flow−223−187−358220−71.8
Capital expenditure76.967.148.142.354.8
Free cash flow (CFO − capex)−367−51.5−7551,408−411

Net profit trend

annual, ₹ crore
FY21
₹153
FY22
₹190+23%
FY23
₹228+20%
FY24
₹357+57%
FY25
₹527+48%
FY26
₹748+42%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Standalone29 Jul 2026 PDF XBRL
Q4 FY26Standalone · audited28 Apr 2026PDF on NSE XBRL
Q3 FY26Standalone28 Jan 2026PDF on NSE XBRL
Q2 FY26Standalone4 Nov 2025 PDF XBRL
Q1 FY26Standalone8 Aug 2025 PDF XBRL
Q4 FY25Standalone · audited13 May 2025 PDF XBRL
Q3 FY25Standalone · audited3 Feb 2025PDF on NSE XBRL
Q3 FY25Standalone7 Mar 2025PDF on NSE XBRL
Q2 FY25Standalone13 Nov 2024PDF on NSE XBRL
Q1 FY25Standalone8 Aug 2024PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 28.6×33.2×
P/B5Y avg 7.41×10.12×
ROEFY26, on average equity31.8%
Net margin10.7%
Debt / equity0.00×
Revenue CAGR (3Y)39.8%
Profit CAGR (3Y)48.6%
EPS (TTM)₹69.89
Market cap₹26,565 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
10.12×
vs 8-point avg 7.41× (+37%)
2.94× low7.41× avg12.62× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹10,636 Cr+3%
Net worth₹2,626 Cr+26%
Total borrowings₹0 Cr
Cash & bank balances₹17 Cr+345%
Investments₹0 Cr+0%
Inventories₹3,402 Cr−4%
Trade receivables₹1,221 Cr+371%
Trade payables₹1,828 Cr+59%
Change vs the same date a year earlier.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Jun 25Mar 25Dec 24Sept 24Jun 24Mar 24Dec 23Sept 23
Promoter74.5074.5074.5074.5074.5074.5074.5074.5074.5074.5074.5074.50
FII3.223.512.963.265.333.843.703.653.913.262.873.34
DII1.941.691.641.991.821.901.871.873.206.146.035.96
of which MF1.641.501.441.751.40–––––––
Retail17.7917.8618.3617.9116.2217.9618.0417.8115.3412.6312.8412.50
Other public2.552.442.542.342.131.801.892.173.053.473.763.70
3,99,380 shareholders · NSE shareholding pattern filings.