Garden Reach Shipbuilders & Engineers Ltd.

NSE: GRSE | BSE: 542011

Mid-range Performer

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2619.30 56.90 (2.22%)

25.98% Fall from 52W High

1.0M NSE+BSE Volume

NSE 15 Oct, 2025 3:56 PM (IST)

30,004.6

Market Cap

Above industry Median

1.6

Beta 1Year

Very High Volatility

Garden Reach Shipbuilders & Engineers Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for GRSE, BSE:542011 Garden Reach Shipbuilders & Engineers Ltd.

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Garden Reach Shipbuilders & Engineers Ltd.

26 Sep 2025

2619.30

2.22%

GARDEN REACH SHIP&ENG LTD

Buy: Garden Reach Shipbuilders ...

FundsIndia

Number of FII/FPI investors decreased from 162 to 156 in Sep 2025 qtr

Garden Reach Shipbuilders & Engineers Ltd.

25 Aug 2025

2619.30

2.22%

Garden Reach Shipbuilders & Engineers

Hold: Garden Reach Shipbuilders ...

Target

ICICI Direct

About the stock: Garden Reach Shipbuilders & Engineers (GRSE) is a shipbuilding company in India under the administrative control of the Ministry of Defence (MoD), The company's extensive product range spans from Warships to Weapons', including Commercial ships, various Deck Machinery, Marine Diesel Engines, Naval...

FundsIndia released a Buy report for Garden Reach Shipbuilders & Engineers Ltd. with a price target of 3097.0 on 26 Sep, 2025.

Garden Reach Shipbuilders & Engineers Ltd.

15 Aug 2024, 12:00AM

2619.30

2.22%

Impressive growth in store, but it is all in the price

Sell: Garden Reach Shipbuilders ...

ICICI Securities Limited

We attended the Q1FY25 concall of Garden Reach Shipbuilders (GRSE). Orderbook at end-Q1FY25 was INR 252.3bn, four major contracts worth INR 15-16bn.

Garden Reach Shipbuilders & Engineers Ltd.'s price crossed below 50Day SMA today

Garden Reach Shipbuilders & Engineers Ltd.

23 Aug 2023

2619.30

2.22%

Upside capped

Sell: Garden Reach Shipbuilders ...

Target

ICICI Securities Limited

Garden Reach Shipbuilders’ (GRSE) Q1FY24 performance was boosted by P-17A frigates project entering the peak revenue booking phase. Key points: 1) revenue was up 30.4% YoY while EBITDA rose 37.6% YoY; 2) orderbook as at Jun’23-end was at INR 245.5bn, implying orderbook/revenue at 8.96x; 3) an order worth INR 2.5bn for Naval guns from Indian Navy was received; and 4) company subcontracted part of its orderbook to L&T for speedy execution.

Garden Reach Shipbuilders & Engineers Ltd. is trading above its 200 day SMA of 2182.0

Garden Reach Shipbuilders & Engineers Ltd.

31 May 2023

2619.30

2.22%

Earnings at risk of peaking out by FY26E

Sell: Garden Reach Shipbuilders ...

ICICI Securities Limited

We attended the analyst concall organised by Garden Reach Shipbuilders & Engineers’ (GRSE) to discuss the company’s Q4FY23 performance and outlook on the future.

Garden Reach Shipbuilders & Engineers Ltd.'s price crossed below 50Day SMA today

Garden Reach Shipbuilders & Engineers Ltd.

25 May 2023

2619.30

2.22%

Earnings outlook hazy...

Sell: Garden Reach Shipbuilders ...

Target

ICICI Securities Limited

Garden Reach Shipbuilders & Engineers’ (GRSE) Q4FY23 EBITDA performance was below street estimates by ~50.5%. Key highlights: 1) revenues rose 10.7% YoY largely on the back of delivery of two ships (cargo-cum-ferry vessel for the government of Guyana and fast patrol vessel {FPV} for Indian Coast Guard), and P-17A advanced frigates entering their peak billing phase.

Number of FII/FPI investors decreased from 162 to 156 in Sep 2025 qtr

Garden Reach Shipbuilders & Engineers Ltd.

03 Apr 2023

2619.30

2.22%

Data Patterns Ltd.

Hold: Garden Reach Shipbuilders ...

ICICI Direct

Garden Reach Shipbuilders & Engineers Ltd. is trading above its 200 day SMA of 2182.0

Garden Reach Shipbuilders & Engineers Ltd.

24 Feb 2023

2619.30

2.22%

Earnings outlook nebulous

Sell: Garden Reach Shipbuilders ...

ICICI Securities Limited

We attended the analyst meet organised by Garden Reach Shipbuilders & Engineers’ (GRSE) to discuss its Q3FY23 performance and outlook. Key highlights: 1) Management sees benefits from the ongoing fleet expansion drive in defence; 2) EBITDA margin during the quarter was lower due to all the recent orders coming via competitive bidding.

Garden Reach Shipbuilders & Engineers Ltd. is trading below its 100 day SMA of 2744.8

Garden Reach Shipbuilders & Engineers Ltd.

24 Feb 2023

2619.30

2.22%

Garden Reach Shipbuilders & Engineers | Management Meet Note

Not Rated: Garden Reach Shipbuilders ...

Edelweiss

On a steady course; guidance maintained.

Garden Reach Shipbuilders & Engineers Ltd. has gained 54.25% in the last 1 Year

Garden Reach Shipbuilders & Engineers Ltd.

12 Feb 2023

2619.30

2.22%

Earnings outlook hazy

Sell: Garden Reach Shipbuilders ...

Target

ICICI Securities Limited

Garden Reach Shipbuilders & Engineers’ (GRSE) Q3FY23 performance was a mixed bag. Key highlights: 1) revenues grew 44% YoY largely on the back of P- 17A advanced frigates, which have entered their peak revenue generation phase; 2) EBITDA was down 10% YoY at Rs469mn due to higher ‘other expenses’; 3) ‘other income’ rose 14.6% YoY to Rs.502mn mainly due to higher advances.

Garden Reach Shipbuilders & Engineers Ltd.'s price crossed above 30Day SMA today

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