Garden Reach Shipbuilders & Engineers Share Price, Stock Analysis & Company Profile
Garden Reach Shipbuilders & Engineers Limited (GRSE) is one of India’s leading defence public sector undertakings (PSUs) engaged in shipbuilding for the Indian Navy and Coast Guard. As a key player in India’s defence manufacturing ecosystem, the company plays a strategic role in indigenous warship construction under the “Make in India” initiative. This page serves as a comprehensive hub for investors seeking an in-depth GRSE stock analysis, providing all the essential tools to track the Garden Reach Shipbuilders & Engineers share price and evaluate its long-term growth potential.
About Garden Reach Shipbuilders & Engineers
Founded in 1884 and later taken over by the Government of India in 1960, Garden Reach Shipbuilders & Engineers is headquartered in Kolkata. The company operates under the administrative control of the Ministry of Defence and has evolved into a premier warship building company in India.
GRSE primarily focuses on the construction of advanced naval vessels, including frigates, corvettes, patrol vessels, and landing ships. It has delivered over 100 warships to the Indian Navy and Coast Guard, showcasing strong execution capabilities and engineering expertise. The company also engages in engine production and deck machinery manufacturing, strengthening its integrated defence manufacturing model.
Garden Reach Shipbuilders & Engineers Business Model
The business model of GRSE is centred around defence shipbuilding, government contracts, and indigenous manufacturing capabilities. It operates through a specialised and order-driven structure:
- Warship Building: Design and construction of advanced warships such as anti-submarine warfare corvettes, frigates, and fast patrol vessels for the Indian Navy and Coast Guard.
- Ship Repair & Refits: Maintenance, repair, and refit services for naval and commercial vessels, ensuring lifecycle support and recurring revenue streams.
- Engineering Division: Manufacturing of marine engines, deck machinery, and pre-fabricated steel structures used in shipbuilding and other industrial applications.
- Export Orders: GRSE has gradually expanded into export markets, supplying patrol vessels and defence equipment to friendly foreign nations.
- Government Contracts: A majority of revenue comes from long-term contracts awarded by the Ministry of Defence, providing revenue visibility and stability.
Garden Reach Shipbuilders & Engineers IPO and Listing Details
GRSE entered the capital markets as part of the government’s disinvestment strategy, offering investors an opportunity to participate in India’s defence manufacturing growth story. These listing details are important reference points for investors:
- IPO Listing Year: 2018
- IPO Price: Rs 118 per share
- Listing Price: The stock listed at Rs 115 on NSE and Rs 114.60 on BSE.
- Listing Gain: Slight negative listing, around -2.5% from issue price.
- Face Value: Rs 10 per share
- ISIN: INE382Z01011
- Listing Exchanges: BSE and NSE
- BSE Scrip Code: 542011
- NSE Symbol: GRSE
Garden Reach Shipbuilders & Engineers Corporate Action History
GRSE has maintained a relatively stable corporate action history, with a focus on dividend payouts rather than frequent structural changes in equity.
Dividend History
As a PSU, GRSE has consistently rewarded shareholders through regular dividend payouts, supported by stable cash flows from defence contracts.
Recent Years: The company has maintained a healthy dividend payout ratio, aligning with government PSU dividend policies.
Investor Note: Unlike many private sector companies, GRSE focuses more on steady dividend income rather than aggressive stock splits or bonus issues, making it attractive for income-focused investors.
Investor Resources Available on This Page
We believe in empowering retail investors with professional-grade data. On this page, you can access a wealth of information to conduct your own Garden Reach Shipbuilders & Engineers stock analysis through the following sections:
- Price Chart: Analyse historical price movements and trends to understand the GRSE share price trajectory.
- Company Ratios: Access key metrics like PE ratio, ROE, ROCE, and operating margins to evaluate valuation and efficiency.
- Quarterly Results & Balance Sheet: Review the company’s latest earnings, order book position, and profitability metrics.
- Cash Flow & Annual Reports: Deep dive into the financial health and execution capability through official reports and cash flow statements.
- Shareholding Pattern: Check the latest ownership data, including Government of India stake and institutional participation (FII/DII).
- Pros & Cons: A simplified summary of the company’s strengths, such as a strong defence order book, and potential risks like dependence on government spending.
Frequently Asked Questions
Q1. What is the Garden Reach Shipbuilders & Engineers share price today?
The share price displayed at the top of this page reflects the latest trading value on the NSE and BSE. Please note that the price chart data is delayed by 15 minutes.
Q2. Is GRSE a government company?
Yes, Garden Reach Shipbuilders & Engineers is a defence PSU under the Ministry of Defence, Government of India.
Q3. What was the IPO price of GRSE?
The GRSE IPO was issued at Rs 118 per share in 2018.
Q4. Does GRSE give dividends?
Yes, GRSE regularly pays dividends and is considered a dividend-paying PSU stock.
Q5. Where are GRSE shares listed?
The shares are listed and traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Q6. What is the face value of GRSE shares?
The face value of each equity share is Rs 10.
Q7. How can I access the GRSE Annual Report?
You can download the latest Annual Report and investor presentations from the “Reports” or “Documents” section available on this page.