Is Garden Reach Shipbuilders & Engineers Ltd (GRSE) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Garden Reach Shipbuilders & Engineers Ltd is a good quality company .

Is Garden Reach Shipbuilders & Engineers Ltd (GRSE) undervalued or overvalued?

The key valuation ratios of Garden Reach Shipbuilders & Engineers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Garden Reach Shipbuilders & Engineers Ltd (GRSE) share price return in the past 10 years?

Data is not available for this company

Is Garden Reach Shipbuilders & Engineers Ltd (GRSE) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Garden Reach Shipbuilders & Engineers Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Garden Reach Shipbuilders & Engineers Ltd (GRSE)?

Company share prices are keep on changing according to the market conditions. The current trading price of Garden Reach Shipbuilders & Engineers Ltd (GRSE) on 30-Apr-2026 16:59:59 at 16:59 is 2934.45.

What is the P/E ratio of Garden Reach Shipbuilders & Engineers?

The latest standalone P/E ratio of Garden Reach Shipbuilders & Engineers as of 30-Apr-2026 is 44.94.

What is the 52-week high and low of Garden Reach Shipbuilders & Engineers Ltd (GRSE)?

The 52-week high of Garden Reach Shipbuilders & Engineers Ltd (GRSE) is Rs. 3535.00 and the 52-week low is Rs. 1741.20.

Garden Reach Shipbuilders & Engineers Ltd (GRSE) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Garden Reach Shipbuilders & Engineers Ltd (GRSE)
Brand: Garden Reach Shipbuilders & Engineers

Key Metrics

Market Cap

₹33,615 Cr.

P/E Ratio

44.94

Price to Book (P/B)

12.80

Price to Sales (P/S)

4.80

EV/EBITDA

28.26

Return on Capital Employed (ROCE)

37.77%

Current Price

₹2,934.5

Return on Equity (ROE)

28.11%

Return on Assets (ROA)

5.02%

Operating Profit Margin

8.4%

Net Profit Margin

10.39%

Gross Profit Margin

14.7%

Book Value per Share

₹229.3

Sales Growth (YoY)

41.28%

Sales Growth (3 Years)

42.49%

Operating Profit Growth (1 Year)

78.63%

Operating Profit Growth (3 Years)

44.61%

Net Profit Growth (1 Year)

47.62%

52-Week Low / High

₹1,741 / 3,535

Net Profit Growth (3 Years)

40.66%

Dividend Yield

0.82%

Promoter Holding

74.50%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of Garden Reach Shipbuilders & Engineers Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of 75.63% based on the current price.

Q.1 Which industry/sub-sector does Garden Reach Shipbuilders & Engineers Ltd belong to?

Garden Reach Shipbuilders & Engineers Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Ship Building segment.

Q.1 Debt to Equity ratio of Garden Reach Shipbuilders & Engineers Ltd?

Garden Reach Shipbuilders & Engineers Ltd Debt-to-Equity ratio is 0.00, which is lower with the industry average of 0.14, indicating lower debt levels in the industry.

Q.1 Promoter shareholding and pledge status of Garden Reach Shipbuilders & Engineers Ltd?

Promoters hold 74.50% of the Garden Reach Shipbuilders & Engineers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Garden Reach Shipbuilders & Engineers Ltd vs industry peers?

Garden Reach Shipbuilders & Engineers Ltd revenue CAGR is %, compared to the industry median CAGR of 8.12%, indicating slower growth and losing its market share.

DeciZen - make an informed investing decision on Garden Reach Ship

Based on:

Data

Overall Rating ⓘ
Login to view analysis.

1. Quality

2. Valuation ⓘ

3. Price Trend

Garden Reach Shipbuilders & Engineers stock performance

Key Ratios

Is Garden Reach Shipbuilders & Engineers Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	23.9%	2.6%	12.7%	17.9%	21.8%	20%	21.6%	21.2%	28.9%	37.8%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,656	922	1,348	1,386	1,433	1,141	1,754	2,561	3,593	5,076	7,002
Sales YoY Gr.	-	-44.3%	46.2%	2.9%	3.4%	-20.4%	53.8%	46%	40.3%	41.3%	-
Adj EPS ⓘ	13	0.7	8.2	9.7	14.8	15.2	16.8	20	31.2	45.5	65.3
YoY Gr.	-	-94.6%	1067.1%	18.9%	52.4%	2.8%	10.6%	19.1%	55.8%	45.7%	-
BVPS (₹) ⓘ	91.6	87.5	89.2	90.6	90.8	99.3	109.8	123.4	146.1	181.5	229.3
Adj Net Profit ⓘ	161	8.7	93.6	111	170	174	193	230	358	521	748
Cash Flow from Ops. ⓘ	423	-191	-74	-112	628	515	-356	1,450	-707	15.6	-
Debt/CF from Ops. ⓘ	0	-0.1	0	0	0	0	0	0.2	-0.1	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.3%	28.8%	42.5%	41.3%
Adj EPS ⓘ	14.9%	25.2%	39.3%	45.7%
BVPSⓘ	7.9%	14.9%	18.2%	24.3%
Share Price	-	75.9%	79.1%	55.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	15.3	0.8	8.9	10.8	16.3	16	16.1	17.2	23.2	27.8	31.8
Op. Profit Mgn % ⓘ	4.9	-17.5	-1.3	3	2.9	8.2	8.1	6.1	6.7	8.4	11.4
Net Profit Mgn % ⓘ	9.7	0.9	6.9	8	11.8	15.3	11	9	10	10.3	10.7
Debt to Equity ⓘ	0	0	0	0	0	0	0	0.2	0	0	0
Working Cap Days ⓘ	874	1,054	738	626	561	938	821	739	612	450	239
Cash Conv. Cycle ⓘ	479	118	33	16	66	58	100	182	241	200	41

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	65.3	-
TTM Sales (₹ Cr.)	7,002	-
BVPS (₹) ⓘ	229.3	-
Reserves (₹ Cr.) ⓘ	2,512	-
P/BV ⓘ	12.80	-
PE ⓘ	44.94	-

From the Market
52 Week Low / High (₹)	1741.20 / 3535.00
All Time Low / High (₹)	77.00 / 3535.00
Market Cap (₹ Cr.)	33,615
Equity (₹ Cr.)	114.6
Face Value (₹)	10
Industry PE ⓘ	49

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Garden Reach Ship - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,655	922	1,348	1,386	1,433	1,141	1,754	2,561	3,593	5,076
Operating Expenses ⓘ +	1,575	1,083	1,367	1,344	1,391	1,060	1,613	2,408	3,354	4,649
Manufacturing Costs	205	147	640	791	828	459	1,059	1,376	2,329	3,551
Material Costs	1,022	462	260	141	104	190	178	596	504	521
Employee Cost	292	286	299	291	297	269	290	317	349	361
Other Costs ⓘ	56	188	168	121	162	141	86	119	171	216
Operating Profit ⓘ	81	-161	-19	42	42	81	141	153	239	427
Operating Profit Margin (%)	4.9%	-17.5%	-1.4%	3.0%	2.9%	7.1%	8.0%	6.0%	6.7%	8.4%
Other Income ⓘ +	185	217	183	171	225	186	161	202	300	335
Exceptional Items ⓘ	16	0	0	-2	-11	-21	-8	0	0	0
Interest ⓘ	4	9	8	5	3	10	2	10	16	16
Depreciation ⓘ	28	27	29	27	30	29	36	39	41	42
Profit Before Tax ⓘ	249	20	128	179	224	207	257	305	481	703
Tax ⓘ	87	9	35	69	60	54	68	77	124	176
Profit After Tax	162	11	92	110	163	153	190	228	357	527
PAT Margin (%)	9.8%	1.2%	6.9%	7.9%	11.4%	13.5%	10.8%	8.9%	9.9%	10.4%
Adjusted EPS (₹)	13.1	0.9	8.1	9.6	14.3	13.4	16.6	19.9	31.2	46.0
Dividend Payout Ratio (%)	32.90%	471.80%	55%	72.40%	50%	37.30%	35.10%	31.10%	30%	30.10%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	1,134	1,083	1,022	1,038	1,040	1,137	1,258	1,414	1,673	2,079
Share Capital ⓘ	124	124	115	115	115	115	115	115	115	115
Reserves ⓘ	1,010	959	907	924	926	1,023	1,143	1,299	1,559	1,965
Debt +	0	25	0	0	0	0	0	301	56	0
Long Term Debt	0	25	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	301	56	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	529	368	689	370	547	783	412	1,174	992	1,151
Others Liabilities ⓘ	2,789	3,091	2,609	2,782	3,975	5,004	6,166	7,990	7,757	7,318
Total Liabilities ⓘ	4,451	4,567	4,319	4,190	5,562	6,924	7,835	10,878	10,479	10,549
Fixed Assets
Net Fixed Assets ⓘ +	344	358	389	302	304	340	501	508	493	515
Gross Block	372	413	472	400	431	496	687	730	754	816
Accumulated Depreciation	28	54	83	97	127	156	186	222	262	301
CWIP ⓘ	22	23	16	34	52	151	10	6	25	28
Investments ⓘ	0	0	0	2	54	826	197	234	0	0
Inventories	655	486	513	350	441	788	1,172	2,919	3,984	3,552
Trade Receivables	154	199	202	220	535	178	151	51	194	259
Cash Equivalents ⓘ	1,281	1,620	1,022	1,989	2,611	2,281	2,558	4,328	3,720	3,732
Others Assets ⓘ	1,996	1,880	2,176	1,293	1,565	2,359	3,247	2,834	2,063	2,462
Total Assets ⓘ	4,451	4,567	4,319	4,190	5,562	6,924	7,835	10,878	10,479	10,549

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	423	-191	-74	-112	628	515	-356	1,450	-707	16
PBT ⓘ	249	20	128	179	224	207	257	305	481	703
Adjustment ⓘ	-158	-174	-139	-138	-183	-119	-103	-140	-224	-243
Changes in Working Capital ⓘ	395	42	-100	-279	462	481	-442	1362	-840	-269
Tax Paid ⓘ	-64	-79	37	126	125	-54	-68	-77	-124	-176
Cash Flow From Investing Activity ⓘ +	-483	227	267	198	245	-1,173	429	-1,666	1,056	170
Capex	-17	-42	-50	-53	-67	-164	-55	-42	-48	-67
Net Investments	-593	113	151	111	198	-1,162	353	-1,802	832	-13
Others ⓘ	127	156	166	139	114	153	130	178	271	250
Cash Flow From Financing Activity ⓘ +	-30	-50	-193	-89	-153	-62	-72	220	-358	-187
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	-2	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-0	-9	-8	-2	-2	-1	-1	-5	-11	-12
Dividend Paid ⓘ	-25	-53	-65	-87	-124	-60	-70	-73	-99	-119
Others ⓘ	-5	14	-121	-0	-27	-2	-1	298	-247	-56
Net Cash Flow ⓘ	-90	-14	0	-3	720	-720	0	4	-9	-1

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	15.42	1.03	8.78	10.67	15.73	14.1	15.83	17.08	23.14	28.11
ROCE (%)	23.87	2.61	12.72	17.87	21.82	19.95	21.63	21.23	28.88	37.77
Asset Turnover Ratio	0.28	0.21	0.3	0.33	0.29	0.18	0.24	0.27	0.34	0.48
PAT to CFO Conversion(x)	2.61	-17.36	-0.8	-1.02	3.85	3.37	-1.87	6.36	-1.98	0.03
Working Capital Days
Receivable Days	33.60	69.30	54.20	55.50	96.20	114.10	34.30	14.40	12.50	16.30
Inventory Days	572.70	224	135.10	113.60	100.70	196.60	203.90	291.50	350.70	271
Payable Days	194.10	353.80	742.70	1,373.90	1,611.20	1,279.90	1,227.60	485.40	783.80	750.80

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Garden Reach Shipbuilders & Engineers Ltd FAQs

The current trading price of Garden Reach Ship on 30-Apr-2026 16:59 is ₹2,934.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Apr-2026 the market cap of Garden Reach Ship stood at ₹33,614.7 Cr

The latest P/E ratio of Garden Reach Ship as of 29-Apr-2026 is 44.94.

The latest P/B ratio of Garden Reach Ship as of 29-Apr-2026 is 12.80.

The 52-week high of Garden Reach Ship is ₹3,535 and the 52-week low is ₹1,741.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Garden Reach Ship is ₹7,002 ( Cr.) .

About Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders & Engineers (GRSE) was incorporated at Calcutta under the Companies Act, 1913 with the Registrar of Companies, Calcutta, as ‘Garden Reach Workshops Limited’ on February 26, 1934. The company changed its name to ‘Garden Reach Workshops Private Limited’ on November 5, 1957 after the promulgation of the Companies Act, 1956. Thereafter, the company changed its name to ‘Garden Reach Workshops Limited’ on November 30, 1961 pursuant to the acquisition of the company by the Government of India and the status of the company was changed from ‘private limited company’ to ‘deemed public limited company under the provision of Section 43(1A) of the Companies Act, 1956 with effect from January 8, 1976. The name of the company was again changed from ‘Garden Reach Workshop Limited’ to ‘Garden Reach Shipbuilders & Engineers Limited’ on December 31, 1976 by the Registrar of Companies, West Bengal. The company became a public company pursuant to a special resolution of the shareholders at an Annual General Meeting held on August 25, 2017.

Over the years, the company has established capabilities for in-house design and shipbuilding and has made considerable contributions to the indigenous warship construction program of the country. Its shipbuilding product line spans from technologically sophisticated Frigates and Corvettes to Fast Patrol Vessels. It has built and delivered ships ranging from small to large and advanced vessels including frigates, anti-submarine warfare corvettes, missile corvettes, landing ship tanks, landing craft utilities, survey vessels, fleet replenishment tankers, fast patrol vessels, offshore patrol vessels, inshore patrol vessels, WJ-FAC, hover crafts and fast interceptor boats to the Indian Navy, Indian Coast Guard, MHA and Governments of other countries.

Business area of the company

The company is a ship-building company in India under the administrative control of the Ministry of Defence (MoD) and primarily adheres to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. In addition to its ship and warship building capabilities, it is engaged in engineering and engine production activities. As a part of its engineering division it manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. The company’s shipbuilding division contributes a significant majority of its revenue from operations.

Divisions of the company

Shipbuilding: GRSE’s shipbuilding expertise is a cornerstone of India’s maritime defence capability. As one of the oldest and most respected shipyards in the country, GRSE has delivered a wide range of technologically advanced naval and commercial vessels over the decades. The company plays a strategic role in supporting the Indian Navy and Coast Guard by producing frontline warships, fast patrol vessels, landing crafts, and more. Its state-of-the-art infrastructure, skilled workforce, and adherence to international quality standards enable it to build world-class ships with precision and speed.

Ship Repair: GRSE has established itself as a reliable partner in ship repair and maintenance, having served naval and commercial fleets of countries like Sri Lanka, Maldives, Mauritius, and Seychelles. To address increasing demand, the company has set up a dedicated Ship Repair vertical equipped to manage scheduled, unscheduled, and emergency repairs. This vertical benefits from a robust vendor network, dependable supply chain, and strong technical support from GRSE’s design and production teams. Their services span across dry docking, refit management, and mechanical, electrical, hydraulic, and piping works, along with failure analysis and technical studies. GRSE ensures in-service support to maintain fleet availability across the Indian Ocean Region (IOR), reinforcing its role as a dependable maintenance partner.

Engineering: GRSE’s Engineering Division showcases the company’s commitment to diversification, innovation, and self-reliance. Leveraging its shipbuilding expertise, GRSE delivers advanced engineering products that support India’s infrastructure and defence sectors. The division manufactures portable bridges and specialised deck machinery, reflecting engineering excellence and innovation. With its sights set on future maritime challenges, the division continues to expand its capabilities to provide tailored solutions. It plays a key role in enhancing national engineering strength while also strengthening GRSE’s global leadership in maritime engineering.

Marine diesel engines: GRSE’s Diesel Engine Division, located in Ranchi, is a testament to its push toward technological self-sufficiency. In partnership with MTU, Germany, the division combines world-class engineering with local manufacturing to support India’s maritime goals. The facility is equipped with modern testing benches and machinery for the assembly, maintenance, and quality assurance of marine diesel engines. Operated by a team of highly skilled professionals, the plant produces engines known for durability, efficiency, and peak performance in maritime operations.

Awards and Recognition

2006: Accorded the status of Mini Ratna - Category I.
2010-11: Best Performing Defence Shipyard.
2010-11: Excellent grading under MoU signed with the GoI.
2011-12: Best Performing Defence Shipyard.
2011-12: Excellent grading under MoU signed with the GoI.
2011-12: Indira Gandhi Rajbhasha Puraskar - 2nd prize in ‘C’ region for the implementation of official language Hindi in the company.
2012-13: Best Performing Defence Shipyard.
2012-13: Indira Gandhi Rajbhasha Puraskar - 1st prize in 'C' region for implementation of official language Hindi under PSU category.
2012-13: Excellent grading under MoU signed with the GoI.
2013-14: Best Performing Defense Shipyard.
2013-14: Excellent grading under MoU signed with the GoI.
2014-15: National Talent Management Leadership Award 2015 in the Best Onboarding Program category from the World HRD Congress.
2014-15: Most Caring Company Award at CSR Congress-2015.
2014-15: Rajbhasha Kirti Puraskar - 2nd prize in ‘C’ region for excellence in implementation of official language policy under PSU category.
2015-16: Raksha Mantri’s Award for in-house design effort of CGS Barracuda.
2015-16: Rajbhasha Kirti Puraskar - 1st prize for excellence in implementation of official language in the company.
2016 Quality leadership award by Quality Circle Forum of India.
2016: Rajbhasha Kirti Puraskar - 2nd prize for excellence in implementation of official language.
2016: Rajbhasha Kirti Puraskar - 2nd prize for the magazine ‘Rajbhasha Jagriti’.
2017: Quality Leadership Award by Quality Circle Forum of India.
2017: Runner-up in the category of ‘Contribution of Women in PSEs’ by ICC.
2017: Runner-up in the category of ‘Human Resource Management’ by ICC.
2017: Runner-up in the category of ‘CSR & Sustainability’ by ICC.
2017: ICC PSE Excellence Award in the category of “Company of the Year”.
2017: ICC PSE Excellence Award in the category of “Corporate Governance”.
2017: SCOPE Corporate Communication Excellence Award 2017 in the category of Brand Building through Inclusive Growth Initiatives.
2017: SCOPE Corporate Communication Excellence Award 2017 in the category of Best Corporate
Communication Campaign/ Program (External).
2018: ET Bengal Corporate Award on Best CSR Idea - 2018 awarded by the Economic Times Group.
2018-19: National Awards for Excellence in Cost Management 2018.
2019-20: “Rajbhasa Shield 2018-19” award for best implementation of Rajbhasa in the Company during 2018-19 from Governor of West Bengal.
2019-20: “Recognition of WIPS Activity Award 2019” at 30th National Meet of WIPS.
2021: GRSE Bags ICC PSE Excellence Awards 2021 in CSR and Sustainability Corporate Governance Categories.
2021: GRSE won an Excellence Award at the NCQC National Convention on Quality Concepts 2021.
2022: GRSE received the prestigious Rajbhasha Shield-III Award for the best implementation of Official Language in the Company.
2022: GRSE Wins Best Enterprise Award 2022 for WIPS Activity at WIPS 33rd Annual Conclave.
2022: GRSE received the prestigious Rajbhasha Kirti Puraskar for the year 2021-22 by the Ministry of Home Affairs, Government of India.
2023: GRSE received prestigious 91st SKOCH Awards for the project 'Unique Transfer & Loading of fully built 250T Goliath Crane'.
2023: GRSE wins prestigious Swachhata Pakhwada Awards-2023, Securing Second Position Administered by DDP, Ministry of Defence.
2024: 14th ICC PSE Excellence Award 2024 for “c.m.d of the Year”, “Operational Performance Excellence”, “CSR & Sustainability”.
2024: PRSI National Awards 2024 for “Best Communication Campaign (External)”, “Corporate Website”.
2024: GRSE wins 'Best Use of Emerging Technologies' Award at 9th Governance Now PSU IT Awards 2024.
2024: GRSE received two prestigious awards at the CSR Times Awards 2024 in the categories of Healthcare and Skill Development.
2025: c.m.d, GRSE, Honoured with PSU Samarpan Award 2025.
2025: WIPS Award at 35th National Meet of WIPS.
2025: “Sakriya Sahbhagita Samman” for the Year 2024-25 by TOLIC, Ministry of Home Affairs, Govt of India.

Milestones

1961: Built the indigenous warship of the country INS Ajay, which was the first Naval ship built in the country after India's independence.
1980: Built the patrol vessel for Indian Coast Guard, CGS Rajhans (GRSE Yard 2003).
1981: Designed and built survey vessel for Indian Navy. This 1900-ton ship, INS Sandhayak was delivered on February 26, 1981.
1984: Designed in-house and built the first of class landing ship tank (large).
1992: The class ship of new design FPV, CGS Priyadarshini (the Company Yard 2031) was delivered to Indian Coast Guard on March 03, 1992.
1994: The class P-16A guided missile frigate “INS Brahmaputra” (the Company Yard 3009) was launched on January 26, 1994.
1994: Built research vessel. The ship was named as “Sagardhwani” which means 'Sound of Sea”.
1997: Designed & developed, portable steel bridges for the first time in India.
2000: Built and delivered the class fast attack craft (the Company Yard No. 2047) on September 11, 2000 after extensive trials.
2009: The two WJ-FAC, INS Carnicobar and INS Chetlat were delivered on January 09, 2009 to
Indian Navy.
2011: The company signed the contract for building CGS Barracuda, a multi-role offshore patrol vessel for National Coast Guard of Mauritius on March 04, 2011 for export of a warship. CGS Barracuda also has the distinction of being the first ever ship to be built at the new integrated shipbuilding facility, created in the company under modernization.
2014: The class ASW Corvette, INS Kamorta, was delivered to Indian Navy on July 12, 2014.
2016: The first of the four (4) follow-on WJ-FAC, INS Tarmugli (Yard No 2109) was delivered to the Indian Navy on April 16, 2016.
2016-2017: Two ships of the class new generation landing crafts have been delivered to Indian Navy on September 30, 2016 and July 20, 2017.
2017: The class ASW Corvette, INS Kiltan (Yard No 3019) was delivered to the Indian Navy on
October 14, 2017.
2018: Delivery of fourth LCU ‘L-54’ to Indian Navy on April 6, 2018.
2018: Inauguration of Data Centre of Central Design Office at GRSE’s 61 Park Unit on June 1, 2018.
2018: Inauguration of modern Pump Test Bed Facility at GRSE’s Taratala unit on June 11, 2018.
2018: Inauguration of Virtual Reality Lab of Central Design Office at 61 Park Unit on July 7, 2018.
2019: The company has achieved a historic milestone by delivering its 100th warship to Indian Navy - a Landing Craft Utility, designed and developed by GRSE with over 90% indigenous content on 30 Mar 2019.
2020: The company delivered final ship in Fast Patrol Vessels' series to Indian Coast Guard.
2021: Garden Reach Shipbuilders & Engineers signed a memorandum of understanding (MoU) with GE Power Conversion.
2021: The company commenced production of Anti-Submarine Warfare Shallow Water Crafts for Indian Navy.
2022: Launch of 2nd P17A Advanced Frigate 'Dunagiri'.
2023: Delivery & Commissioning of GRSE Built Ocean Going Passenger & Cargo Ferry Vessel, MV 'MA LISHA' for Cooperative Republic of Guyana.
2023: Launch of 3rd P17A Advanced Frigate 'Vindhyagiri'.
2024: Garden Reach Shipbuilders launches electric ferry for West Bengal government.
2024: Garden Reach Shipbuilders signs MoU with Indian Register of Shipping.
2024: Garden Reach Shipbuilders becomes L1 for construction of research vessel for DRDO.
2024: GRSE signs contract with Government of West Bengal for delivery of 13 Hybrid Ferries.
2025: Garden Reach Shipbuilders inks MoU with Apollo Micro Systems.
2025: Garden Reach Shipbuilders signs contract with Government of India.
2025: GRSE signs MoU with PWD Nagaland.
2025: GRSE inks pact with SWAN Defence to boost indigenous commercial shipbuilding capabilities.
2025: GRSE bags LoA worth Rs 489.98 crore from Geological Survey of India.
2025: GRSE becomes lowest bidder for construction of NGC for Indian Navy.
2025: Garden Reach Shipbuilders signs MoU with Centum Electronics.
2026: Garden Reach Shipbuilders inks pact with Hindustan Shipyard to boost national shipbuilding.
2026: Garden Reach Shipbuilders signs MoU with K2 Cranes & Components.
2026: Garden Reach Shipbuilders signs MoU with Kalyani Strategic Systems.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Garden Reach Shipbuilders & Engineers Ltd (GRSE) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Garden Reach Ship Share Price