Garden Reach Shipbuilders' shares rose over 13% amid a broader defence rally. In the last quarter, FII and DII holdings saw an increase, and with an order book of ₹23,877 crore, the company showed robust growth and investor confidence in the past.
Garden Reach Shipbuilders’ (GRSE) shares jumped over 13% in Tuesday’s trade, as the Nifty Defence index hit an all-time high, set for a second straight day of gains. The stock has recorded its highest intraday gains in the last 25 days of trading. The stock is buzzing on the bourses amid tensions persist along the Line of Control (LoC) following the Pahalgam incident, with reports of multiple ceasefire violations from across the border. Adding to the momentum is the report of the defence deal between India and France for the purchase of 26 Rafale-M fighter jets.
On a year-to-date basis, Garden Reach Shipbuilders has surged 21%, while in the last 12 months it has gained 93%.
GRSE shares jumped 23% in the last two trading sessions after the company signed a 30-year lease (non-renewable) with Syama Prasad Mookerjee Port for waterfront land at Timber Pond, Howrah. This move supports GRSE’s plans to expand shipbuilding, repairs, and engineering operations, aligning with its long-term infrastructure goals.
Garden Reach Shipbuilders & Engineers Ltd surged over 13% intraday on April 29, 2025, hitting a high of ₹2,019.90, compared to its previous close of ₹1,749.60. The stock opened strong at ₹1,755.00 and maintained upward momentum. Shares of key defence-related companies — Cochin Shipyard, Hindustan Aeronautics Ltd, Bharat Dynamics and Mazagon Dock Shipbuilders — rose between 5% and 13%.
Defence-related stocks gained attention after India and France officially finalised an agreement on Monday for the purchase of 26 Rafale-M fighter jets. The estimated value of this deal is around ₹63,000 crore.
Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard.
In the Quarterly Results of December 2024, the company reported a revenue of ₹1,271.01 crore, reflecting a YoY growth of 37.69% compared to ₹923.10 crore in December 2023. The operating profit stood at ₹75.29 crore, marking a 54.50% increase from ₹48.73 crore in the same quarter last year. The profit after tax (PAT) rose by 11.26% to ₹98.19 crore from ₹88.25 crore in December 2023.
In March 2025, FIIs bought 1,57,514 shares and increased their stake to 3.85%, while DIIs purchased 32,672 shares, raising their holding to 1.90% compared to December 2024. As of December 31, 2024, the company's order book stood at ₹23,877 crore.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only