Garden Reach Shipbuilders & Engineers (GRSE) saw its sharpest rally in two months—climbing over 15% to a nine-month high.
Share price of Garden Reach Shipbuilders & Engineers (GRSE) soared over 15% on Wednesday, May 14, around 10:20 AM, hitting its highest level in about nine months. The stock recorded its sharpest single day surge in about 2-months. The rally came on the back of the company’s strong performance for the quarter and financial year ended on March 31, 2025 quarter, which triggered investor interest.
Here’s what fueled the stock’s sharp rise.
Garden Reach Shipbuilders reported a strong FY25 performance, with total income rising 39% YoY to ₹5,411 crore, while revenue from operations grew 41% YoY to ₹5,076 crore. EBITDA jumped 42% to ₹756 crore, and profit after tax rose 48% to ₹527 crore. The company’s EPS also improved significantly to ₹46.04, up from ₹31.19 in FY24. EPS (Earnings Per Share) shows how much profit a company earns for each share of its stock. It’s calculated by dividing the company’s net profit by the number of outstanding shares. A higher EPS generally means better profitability and is a key indicator of financial performance.
In Q4FY25, GRSE reported a 62% jump in revenue to ₹1,642 crore, while EBITDA more than doubled to ₹335 crore. Profit after tax (PAT) surged 118% to ₹244 crore, and EPS rose to ₹21.32 from ₹9.74 in the same period last year.
GRSE’s board has recommended a final dividend of ₹4.90 per share for FY25, adding to the interim dividend of ₹8.95 already paid. This takes the total dividend payout to 138.5% of the paid-up share capital, up from 93.6% last year.
Commenting on the results, Cmde Hari PR, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited said, “Happy to report yet another set of strong numbers. With our strong order book, production maturity of the ongoing projects and order visibility including in the commercial shipbuilding segment, I am confident of even better performance during the current financial year.”
Though GRSE didn’t mention the order book in its latest press release, as of December 31, 2024, the company had an order book of ₹23,877 crore, covering 40 platforms across 10 projects.
GRSE is the only Indian Shipbuilder to have four distinct shipyards as an unique infrastructure advantage. GRSE has built 800 platforms including 111 warships for the Indian Navy, Indian Coast Guard, and friendly foreign countries ‐ highest warships built & delivered by any Indian shipyard till date. From Frigates, Corvettes, Fleet Tankers, Landing Ship Tank, Landing Craft Utility to Survey Vessels, Offshore Patrol Vessels and Fast Attack Craft ‐ the repertoire is rich and varied. In addition to shipbuilding & ship repair, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, prefabricated portable steel bridges and marine pumps. Noteworthy accolades include Raksha Mantri Award 2022 in Designing the most silent ship for Indian Navy for ASW operation, Defence Minister’s Award for Excellence for In‐house Design Effort for Offshore Patrol Vessel for Government of Mauritius, CGS Barracuda, Best Performing Defence Shipyard of India for Four Years in a row.
Disclaimer: The article is for informational purposes only and not investment advice.
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