Established in 1884 and initially functioning as a small workshop for vessel repairs, Garden Reach Shipbuilders & Engineers Ltd (GRSE) was formally registered as Garden Reach Workshops Limited in 1934. During World War II, GRSE played a critical role by repairing over 4000 vessels, marking its early contribution to India’s maritime industry. In 1960, the Government of India took over GRSE, which subsequently built India’s inaugural warship, the INS Ajay, in 1961. Since then, GRSE has evolved into India’s foremost warship builder, having constructed over 785 platforms, including more than 100 warships for various clients. Designated as a Miniratna Category I Company in 2006, GRSE upholds ISO-certified quality management systems and boasts a robust shipbuilding infrastructure capable of concurrent construction of up to 20 ships. With a Virtual Reality Lab and an experienced design team, GRSE excels in advanced ship design and construction techniques. Beyond shipbuilding, GRSE diversifies into engineering, producing pre-fabricated steel bridges, deck machinery, and offering services for marine diesel engine overhauls. Recognized with prestigious awards like the Raksha Mantri Award and Defence Minister’s Award, GRSE continues to innovate and uphold its legacy as a leader in India’s maritime defence sector.
Shareholding Patterns
Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
Promoters + | 74.50% | 74.50% | 74.50% | 74.50% | 74.50% |
FIIs + | 2.68% | 3.11% | 3.34% | 2.86% | 3.26% |
DIIs + | 7.91% | 7.46% | 5.96% | 6.03% | 6.14% |
Public + | 14.91% | 14.93% | 16.20% | 16.61% | 16.10% |
No. of Shareholders | 60,638 | 68,859 | 1,08,922 | 1,17,621 | 1,25,631 |
During the period from March 2023 to March 2024, Garden Reach Shipbuilders & Engineers Ltd (GRSE) maintained a stable shareholding pattern. Promoters consistently held 74.50% of the shares throughout the year. Foreign Institutional Investors (FIIs) saw a slight increase in their holdings, rising from 2.68% in March 2023 to 3.26% by March 2024. Domestic Institutional Investors (DIIs) experienced fluctuations, starting at 7.91% in March 2023, dropping to 5.96% in September 2023, and showing a slight recovery to 6.14% by March 2024. Public shareholding gradually increased from 14.91% in March 2023 to 16.10% in March 2024. The number of shareholders grew significantly, from 60,638 in March 2023 to 1,25,631 by March 2024, indicating increasing interest and participation from the general public in GRSE’s shares.
Recent Achievements of GRSE
- Delivered 108 warships since 1960, making it the sole Indian shipyard to achieve this milestone.
- Recognized with the Raksha Mantri’s Award 2022 for designing a silent ship for anti-submarine warfare.
- Awarded the Defence Minister’s Award of Excellence for designing an Offshore Patrol Vessel (OPV) for Mauritius.
- DSIR recognition for its Design and R&D unit under the Ministry of Science and Technology.
- Profitable and dividend-paying for 29 consecutive years.
- First defence shipyard in India to be listed on stock exchanges.
- Achieved 90% indigenous content on ASW corvettes and Landing Craft Utility (LCU) vessels.
- Secured an order to build a next-generation electric ferry for the West Bengal government.
- DGQA’s Green Channel Certification for supplying Bailey-type portable steel bridges to the Indian Army.
- Developed India’s first double-lane portable steel bridge and portable assault bridge.
- Exported warship SCG PS Zoroaster to Seychelles Coast Guard and MV Ma Lisha ferry to Guyana.
- Named the Best Performing Defence Shipyard of India for four consecutive years.
- Received awards for excellence in R&D, CSR, corporate governance, HR practices, communication outreach, digital transformation, and organizational efforts.
- Launched the GRSE Accelerated Innovation Nurturing Scheme (GAINS) to support Indian startups.
How to Purchase GRSE India Shares in India?
Below are the trading platforms that you can use to purchase GRSE shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
GRSE Share Price Target 2024 – 2030
GRSE Share Price Target 2024
When | Maximum Price | Minimum Price |
July 2024 | 2,430.60 | 2,113.57 |
August 2024 | 2,527.83 | 2,198.11 |
September 2024 | 2,628.94 | 2,286.04 |
October 2024 | 2,577.39 | 2,241.21 |
November 2024 | 2,680.49 | 2,330.86 |
December 2024 | 2,707.29 | 2,354.17 |
In 2024, Garden Reach Shipbuilders & Engineers Ltd (GRSE) is projected to see varying stock prices from July to December. Starting in July, GRSE’s stock is expected to fluctuate between a maximum price of ₹2,430.60 and a minimum of ₹2,113.57. As the year progresses into August, the maximum price is anticipated to rise to ₹2,527.83, with a minimum of ₹2,198.11. September could see further fluctuations, with GRSE’s stock ranging from a maximum of ₹2,628.94 to a minimum of ₹2,286.04. Moving into October and November, the stock prices are forecasted to reach peaks of ₹2,577.39 and ₹2,680.49, respectively, while maintaining minimum prices around ₹2,241.21 and ₹2,330.86. By December 2024, GRSE’s stock is expected to achieve a maximum price of ₹2,707.29, with a minimum projected at ₹2,354.17.
GRSE Share Price Target 2025
When | Maximum Price | Minimum Price |
January 2025 | 2,734.37 | 2,103.36 |
February 2025 | 2,761.99 | 2,124.61 |
March 2025 | 2,819.99 | 2,169.22 |
April 2025 | 2,792.07 | 2,147.74 |
May 2025 | 2,710.75 | 2,085.19 |
June 2025 | 2,832.73 | 2,179.02 |
July 2025 | 2,777.19 | 2,136.30 |
August 2025 | 2,863.08 | 2,202.37 |
September 2025 | 2,897.43 | 2,228.80 |
October 2025 | 2,972.77 | 2,286.74 |
November 2025 | 3,047.09 | 2,343.91 |
December 2025 | 3,184.21 | 2,449.39 |
In 2025, Garden Reach Shipbuilders & Engineers Ltd (GRSE) is expected to see varying stock prices. In January, the stock is projected to range from ₹2,734.37 to ₹2,103.36. By February, it may rise to a maximum of ₹2,761.99 and a minimum of ₹2,124.61. March could see a range of ₹2,819.99 to ₹2,169.22. April and May might have peaks of ₹2,792.07 and ₹2,710.75, with lows of ₹2,147.74 and ₹2,085.19. By June, the range could be ₹2,832.73 to ₹2,179.02. July and August may see highs of ₹2,777.19 and ₹2,863.08, with lows of ₹2,136.30 and ₹2,202.37. September might fluctuate between ₹2,897.43 and ₹2,228.80. October and November could peak at ₹2,972.77 and ₹3,047.09, with lows of ₹2,286.74 and ₹2,343.91. By December, GRSE’s stock might reach a maximum of ₹3,184.21 and a minimum of ₹2,449.39.
GRSE Share Price Prediction 2026
When | Maximum Price | Minimum Price |
January 2026 | 3,279.73 | 2,522.87 |
February 2026 | 3,197.74 | 2,459.80 |
March 2026 | 3,261.69 | 2,509.00 |
April 2026 | 3,328.26 | 2,560.20 |
May 2026 | 3,295.31 | 2,534.85 |
June 2026 | 3,377.69 | 2,598.22 |
July 2026 | 3,311.46 | 2,547.28 |
August 2026 | 3,413.88 | 2,626.06 |
September 2026 | 3,482.15 | 2,678.58 |
October 2026 | 3,572.69 | 2,748.22 |
November 2026 | 3,662.01 | 2,816.93 |
December 2026 | 3,753.56 | 2,887.35 |
GRSE Share Price Target 2027
When | Maximum Price | Minimum Price |
January 2027 | 3,791.09 | 2,916.22 |
February 2027 | 3,888.30 | 2,991.00 |
March 2027 | 4,039.94 | 3,107.65 |
April 2027 | 3,960.73 | 3,046.71 |
May 2027 | 3,845.37 | 2,957.98 |
June 2027 | 4,018.41 | 3,091.08 |
July 2027 | 3,939.62 | 3,030.47 |
August 2027 | 4,061.46 | 3,124.20 |
September 2027 | 4,203.61 | 3,233.55 |
October 2027 | 4,312.91 | 3,317.62 |
November 2027 | 4,420.73 | 3,400.56 |
December 2027 | 4,531.25 | 3,485.57 |
GRSE Share Price Target 2028
When | Maximum Price | Minimum Price |
January 2028 | 4,621.87 | 3,555.29 |
February 2028 | 4,740.38 | 3,646.45 |
March 2028 | 4,925.26 | 3,788.66 |
April 2028 | 4,828.68 | 3,714.37 |
May 2028 | 4,688.04 | 3,606.19 |
June 2028 | 4,899.00 | 3,768.46 |
July 2028 | 4,802.94 | 3,694.57 |
August 2028 | 4,951.49 | 3,808.84 |
September 2028 | 5,124.79 | 3,942.15 |
October 2028 | 5,258.04 | 4,044.64 |
November 2028 | 5,389.49 | 4,145.76 |
December 2028 | 5,524.22 | 4,249.40 |
GRSE Share Price Target 2029
When | Maximum Price | Minimum Price |
January 2029 | 5,634.71 | 4,334.39 |
February 2029 | 5,779.19 | 4,445.53 |
March 2029 | 6,004.58 | 4,618.90 |
April 2029 | 5,886.84 | 4,528.34 |
May 2029 | 5,715.38 | 4,396.44 |
June 2029 | 5,972.57 | 4,594.28 |
July 2029 | 5,855.46 | 4,504.20 |
August 2029 | 6,036.56 | 4,643.51 |
September 2029 | 6,247.84 | 4,806.03 |
October 2029 | 6,410.28 | 4,930.98 |
November 2029 | 6,570.54 | 5,054.26 |
December 2029 | 6,734.80 | 5,180.62 |
GRSE Share Price Prediction 2030
When | Maximum Price | Minimum Price |
January 2030 | 6,869.50 | 5,284.23 |
February 2030 | 7,045.64 | 5,419.72 |
March 2030 | 7,320.42 | 5,631.09 |
April 2030 | 7,176.88 | 5,520.68 |
May 2030 | 6,967.84 | 5,359.88 |
June 2030 | 7,281.40 | 5,601.08 |
July 2030 | 7,138.63 | 5,491.25 |
August 2030 | 7,359.41 | 5,661.08 |
September 2030 | 7,616.99 | 5,859.22 |
October 2030 | 7,815.03 | 6,011.56 |
November 2030 | 8,010.40 | 6,161.85 |
December 2030 | 8,210.66 | 6,315.90 |
In 2030, Garden Reach Shipbuilders & Engineers Ltd (GRSE) is expected to experience varying stock prices throughout the year. In January, the stock is projected to range from ₹6,869.50 to ₹5,284.23. By February, it is anticipated to rise to a maximum of ₹7,045.64 and a minimum of ₹5,419.72. March might see a range from ₹7,320.42 to ₹5,631.09. In April, GRSE’s stock is expected to fluctuate between ₹7,176.88 and ₹5,520.68, while in May, it might range from ₹6,967.84 to ₹5,359.88. June could see the stock prices reaching from ₹7,281.40 to ₹5,601.08. By July, the range might be between ₹7,138.63 and ₹5,491.25. August is expected to see a range from ₹7,359.41 to ₹5,661.08, and September might fluctuate between ₹7,616.99 and ₹5,859.22. In October, GRSE’s stock could peak at ₹7,815.03 with a minimum of ₹6,011.56. November may see prices ranging from ₹8,010.40 to ₹6,161.85. By December 2030, the stock is anticipated to reach a maximum of ₹8,210.66 and a minimum of ₹6,315.90.
Financial Condition of GRSE: Last 5 Years
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
Sales + | 1,433 | 1,141 | 1,754 | 2,561 | 3,593 |
Expenses + | 1,391 | 1,060 | 1,613 | 2,408 | 3,359 |
Operating Profit | 42 | 81 | 141 | 153 | 234 |
OPM % | 3% | 7% | 8% | 6% | 7% |
Other Income + | 215 | 165 | 154 | 202 | 300 |
Interest | 3 | 10 | 2 | 10 | 11 |
Depreciation | 30 | 29 | 36 | 39 | 41 |
Profit before tax | 224 | 207 | 257 | 305 | 481 |
Tax % | 27% | 26% | 26% | 25% | 26% |
Net Profit + | 163 | 153 | 190 | 228 | 357 |
EPS in Rs | 14.27 | 13.4 | 16.55 | 19.91 | 31.19 |
Dividend Payout % | 50% | 37% | 35% | 31% | 25% |
Garden Reach Shipbuilders & Engineers Ltd (GRSE) demonstrated strong financial performance from March 2020 to March 2024. During this period, the company consistently grew its sales from ₹1,433 crores to ₹3,593 crores, with expenses rising in tandem to support its expanding operations. The operating profit margin remained stable at around 7%, thanks to efficient cost management. Increases in other income contributed to a steady rise in profit before tax, which increased from ₹224 crores to ₹481 crores. Net profit saw significant growth, rising from ₹163 crores to ₹357 crores, and earnings per share (EPS) increased from ₹14.27 to ₹31.19. The dividend payout percentage decreased from 50% to 25%, reflecting a strategic balance between returning value to shareholders and reinvesting for future growth. Overall, GRSE’s financial results highlight its strong market position and effective financial management in the defence shipbuilding sector.
FAQs
What is the current market capitalization of GRSE Ltd?
GRSE current market capitalization stands at a Strong ₹27,541 crore.
What is the latest share price of GRSE?
The latest share price of GRSE is priced at ₹2,404, reflecting market confidence and potential.
What are the projected share price targets for GRSE in 2025?
GRSE share price targets for 2025 range from a promising ₹2,085.19 to an optimistic ₹3,184.21, indicating strong potential for growth and investor interest throughout the year.
What is the forecasted share price range for GRSE in 2030?
GRSE share price is projected to soar from ₹5,284.23 to ₹8,210.66 in 2030, suggesting substantial growth opportunities and market optimism.
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Conclusion
In conclusion, Garden Reach Shipbuilders & Engineers Ltd (GRSE) has shown strong financial performance over the past five years, with revenues increasing from ₹1,433 crores to ₹3,593 crores. Despite rising expenses, GRSE has maintained a solid operating profit margin of around 7%, thanks to effective cost management. Profit before tax has increased from ₹224 crores to ₹481 crores, resulting in a notable rise in net profit from ₹163 crores to ₹357 crores and an increase in earnings per share (EPS) from ₹14.27 to ₹31.19. GRSE’s strategic initiatives and leadership in defence shipbuilding and innovation position it well for continued growth and value creation in India’s defence sector.
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