G

Garden Reach Shipbuilders & Engineers Limited

GRSENSE
Market snapshot · 2026-08-11 12:18 UTC

2,575.40

₹-11.50 (-0.44%)

MARKET CAP

₹29.50K Cr

STOCK P/E

36.9x

52W HIGH

₹3,339.00

52W LOW

₹1,963.70

BOOK VALUE

₹229.27

EPS

₹69.85

ROE

SECTOR

Industrials

DEBT/EQUITY

1.42

VOLUME

2.51L

P/B RATIO

11.23x

PEG RATIO

0.85

Sector

Industrials

Themes

ShipbuildingPsuEngineeringMiniratna
D
Dividend
E
Earnings
₹3,051.30₹2,805.58₹2,559.85₹2,314.13₹2,068.40VolumeDDEDEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for GRSE.

7.00 analysts

Price Forecast

Current
₹2,575
High Target
₹3,500
▲ +35.9%
Median Target
₹3,000
▲ +16.5%
Low Target
₹2,660
▲ +3.3%
Now₹2,575High ₹3,500Median ₹3,000Low ₹2,660Aug '25Now12M Target
Price history (1Y)
Analyst target range
7 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,938 - ₹3,45980%
6M₹1,728 - ₹3,92080%
12M₹1,473 - ₹4,69380%
Realized vol: +45.2% · Drift: +12.3%

Revenue Forecast

₹ Cr
Jun '26Current₹1,815.0
Sep 2026 ETrend estimate range
High₹2,516.1Base₹2,329.8Low₹2,143.4
Sep '25: ₹1,677.0 · Dec '25: ₹1,896.0 · Mar '26: ₹2,119.0 · Jun '26: ₹1,815.0 · Sep '26: ₹2,329.8 · Dec '26: ₹2,634.0
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1,677.01,896.02,119.01,815.02,329.82,634.0
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹15.09
Sep 2026 ETrend estimate range
High₹22.16Base₹19.79Low₹17.41
Sep '25: ₹13.43 · Dec '25: ₹14.91 · Mar '26: ₹26.47 · Jun '26: ₹15.09 · Sep '26: ₹19.79 · Dec '26: ₹21.97
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E13.4314.9126.4715.0919.7921.97
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
68%
Analyst Consensus
Weakening

From 7 analysts

Mean upside+20.0%

Fundamentals

Strong

Fundamentals institutional score is 100 using growth durability 100.0.

Valuation

Fairly valued

Valuation institutional score is 45 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 72 using mean target upside 20.0%; dispersion penalty 10.9; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 57 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and analyst consensus provide support, while valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Fairly valuedAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price3,090.7 target
Mean Upside+20.0%
Technical Score57%
Fundamental Score100%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 46.6% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +0.98). Confidence: 59%.

Live forward EPS implies next-12-month EPS of ₹85.89. Applying the stock's normalized valuation corridor produces a fair range of ₹1,258.29 to ₹3,163.33, with base value near ₹2,184.18 (-15.8% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹85.89

Forward P/E

30.2x

Base Fair Value

₹2,184.18

Fair Range

₹1,258.29 - ₹3,163.33

Upside To Base

-15.8%

Estimate Source

Live forward EPS

Growth Estimate

+43.9%

P/E
Strongly Overvalued

5Y Average

18.62

Current

37.29

Overvalued

36.83

Undervalued

14.65

EV/EBITDA
Strongly Overvalued

5Y Average

15.74

Current

31.53

Overvalued

28.49

Undervalued

5.36

P/B
Strongly Undervalued

5Y Average

13.27

Current

11.32

Overvalued

14.29

Undervalued

11.58

Peers & Comparison

Sector: Industrials · Theme: Shipbuilding

Shipbuilding Peers8 peers
Avg P/E: 64.2x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
COCHIN SHIPYARD LIMITED
COCHINSHIPShipbuilding
-15.6%14.3%
55.6x
Fair
-13% vs avg
-9.5%
MAZAGON DOCK SHIPBUIL LTD
MAZDOCKShipbuilding
+12.1%20.1%
38.4x
Undervalued
-40% vs avg
-4.3%
BEML LIMITED
BEMLRail
+8.6%3.2%
84.1x
Premium
+31% vs avg
-4.7%
BHEL
BHELHeavy Electrical Equipments
+40.3%6.8%
56.9x
Fair
-11% vs avg
+83.5%
BHARAT DYNAMICS LIMITED
BDLAerospace & Defense Equipments
-73.0%17.2%
113.4x
Premium
+77% vs avg
-13.5%
+0.3%13.7%
31.3x
Undervalued
-51% vs avg
-7.3%
IRCON INTERNATIONAL LTD
IRCONConstruction & Engineering
-6.5%6.6%
20.2x
Undervalued
-69% vs avg
-22.2%
UNIMECH AEROSPACE N MFG L
UNIMECHAerospace & Defense Equipments
+70.9%25.3%
113.8x
Premium
+77% vs avg
+32.1%
WHY THESE PEERS

GARDEN REACH SHIP&ENG LTD trades at a discount (36.9x vs peer avg 64.2x), suggesting potential undervaluation relative to the Shipbuilding cohort. Peers include COCHIN SHIPYARD LIMITED, MAZAGON DOCK SHIPBUIL LTD, BEML LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.81K CrJun 2026

Latest net profit

₹173 CrJun 2026

Latest EPS

₹15.09Jun 2026

Net margin

8.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%0.00 Cr550 Cr1.10K Cr1.65K Cr2.20K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr550 Cr1.10K Cr1.65K Cr2.20K Cr₹0₹7₹14₹21₹28
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr500 Cr1.00K Cr1.50K Cr2.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-4.00K Cr0.00 Cr4.00K Cr8.00K Cr12.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +7568989231,0161,0101,1531,2711,6421,3101,6771,8962,1191,815
Expenses +7108498749259531,0841,1961,4211,1981,5211,7241,7641,665
Operating Profit46494991566975221112156172355149
OPM %6%5%5%9%6%6%6%13%9%9%9%17%8%
Other Income +7172827674757211473696271100
Interest5213422164434
Depreciation10101010101111101212121314
Profit before tax102107119153115131134324167209218411232
Tax %25%25%26%27%24%25%27%25%28%27%22%26%25%
Net Profit +778188112879898244120154171303173
EPS in Rs6.697.057.709.747.618.538.5721.3210.4913.4314.9126.4715.09
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +74.50%74.50%74.50%74.50%74.50%
FIIs +5.33%3.26%2.96%3.51%3.21%
DIIs +1.81%1.99%1.64%1.69%1.93%
Public +18.36%20.25%20.90%20.32%20.36%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 06, 2026PDFCompany Reports Open

GRSE Receives LOI From Syama Prasad Mookerjee Port For Construction Of One 15 T Bollard Pull Tug- Reg 30

Aug 04, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 03, 2026PDFCompany Reports Open

Disclosure Regarding Receipt Of Notification Of Award (NOA) For Construction Of Four (4) Platform Supply Vessels For ONGC- Reg 30

Jul 30, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Jul 29, 2026PDFCompany Reports Open