Defence PSU GRSE Turnover Hits New High, Shares Gain 29.25%

Miniratna Aerospace & Defence company Garden Reach Shipbuilders & Engineers Ltd today announced that it has accomplished highest ever annual turnover in the history of the company to the tune of Rs 4,750 crore (Provisional & Unaudited). The Company had also declared an Interim Dividend @ 89.5% of paid‐up share capital against 79% of previous year. Meanwhile, GRSE share price recorded sharp rally of 29.25% in last 2-weeks only as Sensex surged 4.86% and BSE Industrials index zoomed 8.49%. Garden Reach share price on Bombay Stock Exchange (BSE) stood at Rs 1684.45 per share. The company has a market capitalisation of Rs 19,295.71 crore. The stock’s return on equity (ROE) stood at 21.43%. Check more details below:

GRSE Issues Key Update On Turnover: According to the exchange filing of the defence PSU dated March 31, 2025, “FY 2024‐25 has been a remarkable year for GRSE, that saw the company attaining the prestigious Schedule ‘A’ status, in recognition of its operational excellence and strong financial performance.”

Defence PSU GRSE Achieves Highest Ever Turnover In History, Shares Gain 29.25% In 2-Weeks

Another major milestone was the commissioning of the 2nd Survey Vessel (Large), INS Nirdeshak, on December 18, 2024 in the august presence of Hon’ble Raksha Rajya Mantri, Shri Sanjay Seth. This marks the 110th warship delivered by GRSE to the Indian Navy, further reinforcing the company’s legacy of excellence in shipbuilding. Additionally, GRSE delivered the Next Generation Electric Ferry ‘Dheu’ to the Government of West Bengal and an Unmanned Surface Vessel (USV) ‘Jaldoot’ to the Naval Science & Technological Laboratory (NSTL) of DRDO, added the BSE filing.

GRSE also boosted its position in specialized vessel construction by securing key projects, including a Rs 490 crore contract with the Naval Physical and Oceanographic Laboratory (NPOL) for an Acoustic Research Ship (ARS), an Rs 840 crore contract with NCPOR for an Ocean Research Vessel and a contract with the Government of West Bengal for the construction of 13 Hybrid Ferries. Expanding its global footprint, the company also secured an international order for eight multi‐purpose cargo vessels from a German company, valued at approximately 108 million USD.

GRSE inked many key MoUs in FY 2024‐25, including agreements with the Indian Army for 130‐foot Single Lane Modular Bridges in Arunachal Pradesh, PWD Nagaland for Modular Steel Bridges, and NHIDCL for the supply of Double Lane Modular Bridges.

GRSE Shares Performance

The 52-week high price of Garden Reach Shipbuilders & Engineers shares on BSE is Rs 2834.60 per share (05/07/2024) and 52-week low price is Rs 761.70 per share (as on 28/03/2024), respectively. GRSE shares gained 34.08% in last 1-month, slipped marginally by 0.91% in last 6-months, and rose 120.16% in last 1-year. In last 2-years, Garden Reach Shipbuilders share price offered returns of 320.01%, soared 653.50% in last 3-years, and gained 1152.84%.

GRSE Shares Slide 40.58% From 52-Week High

The defence stock tanked 40.58% from its 52-week high price of Rs 2834.60 per share, if last trading price of Rs 1684.45 per share is considered.

GRSE Financials Compared With Peer Group

The company for the quarter ended December 2024 declared its profit after tax (PAT) at Rs 98.19 crore. In comparison, HAL announced PAT of Rs 1432.60 crore, BEL reported PAT of 1316.06 crore, and BDL announced PAT of Rs 147.13 crore for the similar quarter.

GRSE Dividend History

The miniratna PSU recommended a total of 13 dividends since 2019. In last 1-year, the PSU declared an equity dividend amounting to Rs 10.39 per share. It offers a dividend yield of 1.36%, according to Trendlyne.

GRSE Bonus Share History

The company never declared any bonus share till date.

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