The 2 reports from 1 analysts offering long term price targets for Garden Reach Shipbuilders & Engineers Ltd. have an average target of 233.00. The consensus estimate represents an upside of 14.75% from the last price of 203.05.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-06-09||Garden Reach Shipbui..||LKP Securities||187.25||233.00||187.25 (8.44%)||14.75||Buy|
Garden Reach Shipbuilders & Engineers | Defence Good set of numbers despite COVID, now all eyes on FY22 Q4 numbers broadly in line with expectations GRSE reported a healthy set of numbers in Q4 with topline growing by 23.6% qoq, though on a yoy basis they fell by just 6.6%. This decline was much arrested as compared to Q3, when the revenues had fallen sharply by 24% yoy. The material costs saw a contraction in Q4 as they stood at 46.4% of topline and there was a reduction in employee costs as well, as we saw some cost savings at these line items. Subcontracting costs continued with the trend of growing as...
|2020-01-30||Garden Reach Shipbui..||LKP Securities||180.65||318.00||180.65 (12.40%)||56.61||Buy|
Garden Reach Shipbuilders & Engineers | Defence Emerging Goliath in building warships... Garden Reach Shipbuilders & Engineers (GRSE), a public listed company is a pioneer in defence shipbuilding, the first to deliver 100 warships to the Indian Navy and Indian Coast Guard Services. Due to its expertise in shipbuilding and strong, long lasting relations with its key clients, the company is well placed to provide important warship products in the coming years. The order book size of these projects is at a humungous 275 bn to be delivered till FY2027. This visibility shell ansure jump in revenues and profitability. Considering its strong...
|2018-09-24||Garden Reach Shipbui..||HDFC Securities||IPO Note|
IPO Note - Garden Reach Shipbuilders & Engineers Ltd Issue Open: Sept 24 - Sept 26, 2018, Price Band: Rs. 115 - 118 ( A discount of Rs. 5 per share to the Retail Investors and Eligible Employees) Issue Size: 29,210,760 Equity Shares ( Entirely Offer for sale including Employee Reservation of 572,760 sh )
|2018-09-24||Garden Reach Shipbui..||Ventura||IPO Note|
|2018-09-21||Garden Reach Shipbui..||ICICI Securities Limited||IPO Note|
ICICI Securities Limited
Garden Reach Shipbuilders & Engineers (GRSE) is a defence public sector company primarily catering to shipbuilding requirements of Indian Navy & Indian Coast Guard. In addition to ship, warship building capabilities, GRSE is engaged in engineering, engine production activities. As part of its engineering division, it manufactures deck machinery items, prefabricated portable steel bridges, marine pumps. For GRSE, shipbuilding division contributes a significant majority of its revenue. It derived 92.2%, 90.1%, 94.1% of its revenue in FY16, FY17, FY18, respectively, from this division. GRSE (incorporated in 1934) is a mini Ratna category I company....