Introduction:
A defence stock achieved significant growth in H1 FY25, with total income rising to ₹2,311 crore and PAT increasing to ₹185 crore. Strong order books, including naval and research vessels, underscore its robust growth trajectory and leadership in the defence manufacturing sector.
Share Price movement of Garden Reach Shipbuilders and Engineers Ltd:
As of November 14, shares of GRSE Ltd opened at ₹1,438.40, reached an intraday high of ₹1,470.00, and a low of ₹1,375.00 before closing at ₹1,405.70, reflecting notable volatility during the trading session for this defence stock.
Garden Reach Shipbuilders and Engineers Ltd share price rise:
Defence stock Garden Reach Shipbuilders and Engineers (GRSE) Ltd reported a total income of ₹2,311 crore in H1 FY25, up from ₹1,796 crore in the same period last year. The profit after tax (PAT) for the first six months increased to ₹185 crore from ₹157 crore.
For Q2 FY25, GRSE posted a total income of ₹1,228 crore, an improvement from ₹969 crore in Q2 FY24. The PAT for the quarter rose to ₹98 crore, compared to ₹81 crore in the corresponding quarter of the previous fiscal year, showcasing steady financial growth.
According to CMD Commodore P R Hari (retd), the existing orders for the Indian Navy, along with contracts for commercial and specialised research vessels, provide Garden Reach Shipbuilders with a robust growth trajectory, reinforcing its leadership in the defence manufacturing sector.
Recent news About Garden Reach Shipbuilders and Engineers Ltd:
On November 5, 2024, Garden Reach Shipbuilders and Engineers Ltd (GRSE) laid the keels for two Next Generation Offshore Patrol Vessels (NGOPVs) at its Rajabagan Dockyard. These vessels are part of a contract with the Ministry of Defence to build four NGOPVs for the Indian Navy, enhancing GRSE’s role in bolstering India’s maritime security.
Stock performance of Garden Reach Shipbuilders and Engineers Ltd for Period of 1 week, 6 months and 1 year:
Over the past week, GRSE’s stock declined by 9.69%. However, it showed solid growth over six months with a 26% gain and delivered an impressive 80% return over the last year, reflecting strong long-term performance despite short-term fluctuations.
Shareholding pattern of Garden Reach Shipbuilders and Engineers Ltd:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 74.5 | 74.5 | 74.5 |
| FII | 3.65 | 3.91 | 3.26 |
| DII | 1.87 | 3.2 | 6.14 |
| Retail & others | 19.98 | 18.38 | 16.1 |
About Garden Reach Shipbuilders and Engineers Ltd Industries:
Garden Reach Shipbuilders and Engineers Ltd (GRSE) is a leading defence PSU specialising in shipbuilding and engineering. Based in Kolkata, GRSE designs and builds advanced naval vessels, patrol boats, and research ships, playing a crucial role in India’s maritime security and defence sector.
