GARDEN REACH SHIP&ENG LTD (GRSE) financials

GARDEN REACH SHIP&ENG LTD (GRSE) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast…

Market Cap: ₹23,849Cr.
Current Price: ₹2,082
Stock P/E: 29.8
ROE: 31.6%
ROCE: 42.8%
Book Value: ₹229
Dividend Yield: 0.94%
52W High / Low: ₹3,339/1,964

In Jun 2026, GARDEN REACH SHIP&ENG LTD (GRSE) reported sales ₹1,815 Cr and net profit ₹173 Cr.

Annual TTM: sales ₹7,507 Cr, net profit ₹801 Cr.

Shareholding: Promoters 74.50% (Sep 2026), FIIs 3.17% (Sep 2026), DIIs 2.01% (Sep 2026), Public 20.33% (Sep 2026), No. of Shareholders 3,99,640% (Sep 2026).

GRSE quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	1,153	1,271	1,642	1,310	1,677	1,896	2,119	1,815
Expenses	1,084	1,196	1,421	1,198	1,521	1,724	1,764	1,665
Operating Profit	69	75	221	112	156	172	355	149
OPM %	6%	6%	13%	9%	9%	9%	17%	8%
Other Income	75	72	114	73	69	62	71	100
Interest	2	2	1	6	4	4	3	4
Depreciation	11	11	10	12	12	12	13	14
Profit before tax	131	134	324	167	209	218	411	232
Tax %	25%	27%	25%	28%	27%	22%	26%	25%
Net Profit	98	98	244	120	154	171	303	173
EPS in Rs	8.53	8.57	21.32	10.49	13.43	14.91	26.47	15.09
Raw PDF	—	—	—	—	—	—	—	—

GRSE profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,433	1,141	1,754	2,561	3,593	5,076	7,002	7,507
Expenses	1,391	1,060	1,613	2,412	3,357	4,654	6,207	6,674
Operating Profit	42	81	141	149	235	422	795	833
OPM %	2.9%	7%	8%	6%	7%	8%	11%	11%
Other Income	215	165	154	202	300	335	274	301
Interest	3	10	2	7	13	11	16	14
Depreciation	30	29	36	39	41	42	49	51
Profit before tax	224	207	257	305	481	703	1,005	1,070
Tax %	27%	26%	26%	25%	26%	25%	26%	—
Net Profit	163	153	190	228	357	527	748	801
EPS in Rs	14.27	13.40	16.55	19.91	31.19	46.04	65.29	69.90
Dividend Payout %	50%	37%	35%	31%	30%	30%	27%	—

GRSE balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	115	115	115	115	115	115	115	115
Reserves	924	926	1,023	1,143	1,299	1,559	1,965	2,512
Borrowings	0	0	4	11	312	66	10	37
Other Liabilities	3,152	4,355	5,656	6,374	9,057	8,524	8,274	7,982
Total Liabilities	4,191	5,395	6,797	7,643	10,783	10,263	10,362	10,645
Fixed Assets	302	304	340	501	508	493	515	576
CWIP	34	52	151	10	6	25	28	24
Investments	2	54	826	197	234	0	0	0
Other Assets	3,852	4,986	5,480	6,936	10,036	9,746	9,819	10,045
Total Assets	4,191	5,395	6,797	7,643	10,783	10,263	10,362	10,645

GRSE cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-112	628	515	-356	1,450	-707	16	-290
Cash from Investing Activity	198	245	-1,173	429	-1,666	1,056	170	527
Cash from Financing Activity	-89	-153	-62	-72	220	-358	-187	-223
Net Cash Flow	-3	720	-720	0	4	-9	-1	13
Free Cash Flow	-164	560	351	-411	1,408	-755	-51	-367
CFO/OP	-564%	1,200%	701%	-204%	1,023%	-248%	45%	-4%

GRSE shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	74.50%	74.50%	74.50%	74.50%	74.50%	74.50%	74.50%	74.50%
FIIs	3.71%	3.85%	5.33%	3.26%	2.96%	3.51%	3.21%	3.17%
DIIs	1.87%	1.90%	1.81%	1.99%	1.64%	1.69%	1.93%	2.01%
Public	19.92%	19.76%	18.36%	20.25%	20.90%	20.32%	20.36%	20.33%
No. of Shareholders	4,21,148	4,13,986	4,07,707	4,25,900	4,19,648	4,07,526	3,99,380	3,99,640

GRSE key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	58	136	57	31	7	20	19	64
Inventory Days	168	1,590	606	458	662	648	368	307
Days Payable	177	1,922	592	159	266	161	119	164
Cash Conversion Cycle	48	-196	71	330	404	507	267	206
Working Capital Days	-392	-533	-1,012	-660	-546	-276	-169	-80
ROCE %	18%	22%	21%	20%	20%	27%	37%	43%

GRSEUpdated 13 Oct 2026, 5:29

Garden Reach Ship&eng Ltd

GRSEUpdated 13 Oct 2026, 5:29

Market Cap

₹23,849Cr.

Current Price

₹2,082

High / Low

₹3,339/1,964

Stock P/E

29.8

ROE31.6%

ROCE42.8%

Book Value₹229

Face Value₹10.0

Dividend Yield0.94%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	756	5	710	71	10	102	25	77	6.69
Sep 2023	898	2	849	72	10	107	25	81	7.05
Dec 2023	923	1	874	82	10	119	26	88	7.7
Mar 2024	1016	3	925	76	10	153	27	112	9.74
Jun 2024	1010	4	953	74	10	115	24	87	7.61
Sep 2024	1153	2	1084	75	11	131	25	98	8.53
Dec 2024	1271	2	1196	72	11	134	27	98	8.57
Mar 2025	1642	1	1421	114	10	324	25	244	21.32
Jun 2025	1310	6	1198	73	12	167	28	120	10.49
Sep 2025	1677	4	1521	69	12	209	27	154	13.43
Dec 2025	1896	4	1724	62	12	218	22	171	14.91
Mar 2026	2119	3	1764	71	13	411	26	303	26.47
Jun 2026	1815	4	1665	100	14	232	25	173	15.09

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	1562	6	1500	61	27	90	43	52	41.77
Mar 2016	1657	4	1565	191	28	252	35	164	132.79
Mar 2017	921	9	1082	217	27	20	43	11	9.26
Mar 2018	1347	8	1362	179	29	128	28	92	8.07
Mar 2019	1386	5	1344	169	27	179	39	110	9.6
Mar 2020	1433	3	1391	215	30	224	27	163	14.27
Mar 2021	1141	10	1060	165	29	207	26	153	13.4
Mar 2022	1754	2	1613	154	36	257	26	190	16.55
Mar 2023	2561	7	2412	202	39	305	25	228	19.91
Mar 2024	3593	13	3357	300	41	481	26	357	31.19
Mar 2025	5076	11	4654	335	42	703	25	527	46.04
Mar 2026	7002	16	6207	274	49	1005	26	748	65.29
TTM	7507	14	6674	301	51	1070	—	801	69.9

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	74.5%
FIIs	3.17%
DIIs	2.01%
Public	20.33%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	74.5%	2.86%	6.03%	16.61%
Mar 2024	74.5%	3.26%	6.14%	16.1%
Jun 2024	74.5%	3.91%	3.2%	18.38%
Sep 2024	74.5%	3.65%	1.87%	19.98%
Dec 2024	74.5%	3.71%	1.87%	19.92%
Mar 2025	74.5%	3.85%	1.9%	19.76%
Jun 2025	74.5%	5.33%	1.81%	18.36%
Sep 2025	74.5%	3.26%	1.99%	20.25%
Dec 2025	74.5%	2.96%	1.64%	20.9%
Mar 2026	74.5%	3.51%	1.69%	20.32%
Jun 2026	74.5%	3.21%	1.93%	20.36%
Sep 2026	74.5%	3.17%	2.01%	20.33%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	124	883	0	2994	4001	366	11	0	3624	4001
Mar 2016	124	1013	0	3317	4454	344	22	0	4088	4454
Mar 2017	124	959	25	3458	4567	358	23	0	4185	4567
Mar 2018	115	907	0	3302	4323	389	16	0	3918	4323
Mar 2019	115	924	0	3152	4191	302	34	2	3852	4191
Mar 2020	115	926	0	4355	5395	304	52	54	4986	5395
Mar 2021	115	1023	4	5656	6797	340	151	826	5480	6797
Mar 2022	115	1143	11	6374	7643	501	10	197	6936	7643
Mar 2023	115	1299	312	9057	10783	508	6	234	10036	10783
Mar 2024	115	1559	66	8524	10263	493	25	0	9746	10263
Mar 2025	115	1965	10	8274	10362	515	28	0	9819	10362
Mar 2026	115	2512	37	7982	10645	576	24	0	10045	10645

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	—	—	—	—
Mar 2016	—	—	—	—
Mar 2017	—	—	—	—
Mar 2018	-74	267	-193	0
Mar 2019	-112	198	-89	-3
Mar 2020	628	245	-153	720
Mar 2021	515	-1173	-62	-720
Mar 2022	-356	429	-72	0
Mar 2023	1450	-1666	220	4
Mar 2024	-707	1056	-358	-9
Mar 2025	16	170	-187	-1
Mar 2026	-290	527	-223	13

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	37	34	79	55	58	136	57	31	7	20	19	64
Inventory Days	334	236	383	727	168	1,590	606	458	662	648	368	307
Days Payable	202	190	290	968	177	1,922	592	159	266	161	119	164
Cash Conversion Cycle	170	79	172	-186	48	-196	71	330	404	507	267	206
Working Capital Days	-1,124	-388	-705	-468	-392	-533	-1,012	-660	-546	-276	-169	-80
ROCE %	10%	24%	3%	12%	18%	22%	21%	20%	20%	27%	37%	43%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of GARDEN REACH SHIP&ENG LTD (GRSE)?

The reported market capitalisation for GARDEN REACH SHIP&ENG LTD (GRSE) is ₹23,849Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of GRSE?

The current price shown for GARDEN REACH SHIP&ENG LTD (GRSE) on Fincrux is ₹2,082 with a 52-week high/low of ₹3,339/1,964.

What is the P/E ratio of GARDEN REACH SHIP&ENG LTD (GRSE)?

The stock P/E for GARDEN REACH SHIP&ENG LTD (GRSE) is 29.8 on Fincrux, with ROE at 31.6% and ROCE at 42.8%.

What were GRSE latest quarterly results?

For Jun 2026, GARDEN REACH SHIP&ENG LTD (GRSE) reported sales ₹1,815 Cr and net profit ₹173 Cr (figures in ₹ crore unless noted).

What are GRSE annual sales and net profit?

For TTM, GARDEN REACH SHIP&ENG LTD (GRSE) shows sales of ₹7,507 Cr and net profit of ₹801 Cr on the Fincrux profit & loss statement.

Who owns GARDEN REACH SHIP&ENG LTD (GRSE)?

Latest shareholding for GARDEN REACH SHIP&ENG LTD (GRSE) on Fincrux: Promoters 74.50% (Sep 2026), FIIs 3.17% (Sep 2026), DIIs 2.01% (Sep 2026), Public 20.33% (Sep 2026), No. of Shareholders 3,99,640% (Sep 2026).

Where can I find GARDEN REACH SHIP&ENG LTD (GRSE) financials?

GARDEN REACH SHIP&ENG LTD (GRSE) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show GRSE balance sheet and cash flow?

Yes. The GARDEN REACH SHIP&ENG LTD (GRSE) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 13 October 2026 at 5:29