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Last Updated on: 13 June, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 542011 | NSE: GRSE

Garden Reach Shipbuilders & Engineers Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 13, 2025, 9:28 pm

Market Cap 35,156 Cr.
Current Price 3,069
High / Low 3,532/1,180
Stock P/E66.7
Book Value 182
Dividend Yield0.30 %
ROCE37.3 %
ROE28.1 %
Face Value 10.0
PEG Ratio2.38

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Garden Reach Shipbuilders & Engineers Ltd

Competitors of Garden Reach Shipbuilders & Engineers Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
MTAR Technologies Ltd 5,183 Cr. 1,684 2,076/1,15296.2 2380.00 %10.7 %7.65 % 10.0
DCX Systems Ltd 3,312 Cr. 297 452/20092.8 1040.00 %5.10 %3.14 % 2.00
Data Patterns (India) Ltd 16,950 Cr. 3,028 3,655/1,35076.4 2690.21 %21.6 %15.7 % 2.00
Paras Defence and Space Technologies Ltd 6,555 Cr. 1,625 1,945/802101 1600.00 %16.4 %11.9 % 10.0
Zen Technologies Ltd 17,832 Cr. 1,975 2,628/94567.8 1870.05 %32.9 %24.6 % 1.00
Industry Average71,927.73 Cr1,842.2781.51175.750.21%22.73%16.90%4.45

All Competitor Stocks of Garden Reach Shipbuilders & Engineers Ltd

Quarterly Result

MetricMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Sales 5435806826996017568989231,0161,0101,1531,2711,642
Expenses 5115466346525817108498749259531,0841,1961,421
Operating Profit 333348472046494991566975221
OPM % 6%6%7%7%3%6%5%5%9%6%6%6%13%
Other Income 414141507071728276747572114
Interest 1111452134221
Depreciation 1091010101010101010111110
Profit before tax 6364798676102107119153115131134324
Tax % 25%22%25%26%28%25%25%26%27%24%25%27%25%
Net Profit 4750596455778188112879898244
EPS in Rs 4.124.385.135.584.836.697.057.709.747.618.538.5721.32

Last Updated: May 31, 2025, 9:13 am

Below is a detailed analysis of the quarterly data for Garden Reach Shipbuilders & Engineers Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Sales, as of Mar 2025, the value is 1,642.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,271.00 Cr. (Dec 2024) to 1,642.00 Cr., marking an increase of 371.00 Cr..
  • For Expenses, as of Mar 2025, the value is 1,421.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,196.00 Cr. (Dec 2024) to 1,421.00 Cr., marking an increase of 225.00 Cr..
  • For Operating Profit, as of Mar 2025, the value is 221.00 Cr.. The value appears strong and on an upward trend. It has increased from 75.00 Cr. (Dec 2024) to 221.00 Cr., marking an increase of 146.00 Cr..
  • For OPM %, as of Mar 2025, the value is 13.00%. The value appears strong and on an upward trend. It has increased from 6.00% (Dec 2024) to 13.00%, marking an increase of 7.00%.
  • For Other Income, as of Mar 2025, the value is 114.00 Cr.. The value appears strong and on an upward trend. It has increased from 72.00 Cr. (Dec 2024) to 114.00 Cr., marking an increase of 42.00 Cr..
  • For Interest, as of Mar 2025, the value is 1.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 2.00 Cr. (Dec 2024) to 1.00 Cr., marking a decrease of 1.00 Cr..
  • For Depreciation, as of Mar 2025, the value is 10.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 11.00 Cr. (Dec 2024) to 10.00 Cr., marking a decrease of 1.00 Cr..
  • For Profit before tax, as of Mar 2025, the value is 324.00 Cr.. The value appears strong and on an upward trend. It has increased from 134.00 Cr. (Dec 2024) to 324.00 Cr., marking an increase of 190.00 Cr..
  • For Tax %, as of Mar 2025, the value is 25.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Dec 2024) to 25.00%, marking a decrease of 2.00%.
  • For Net Profit, as of Mar 2025, the value is 244.00 Cr.. The value appears strong and on an upward trend. It has increased from 98.00 Cr. (Dec 2024) to 244.00 Cr., marking an increase of 146.00 Cr..
  • For EPS in Rs, as of Mar 2025, the value is 21.32. The value appears strong and on an upward trend. It has increased from 8.57 (Dec 2024) to 21.32, marking an increase of 12.75.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 6:40 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 1,6111,5621,6579211,3471,3861,4331,1411,7542,5613,5935,076
Expenses 1,4881,5001,5651,0821,3621,3441,3911,0601,6132,4123,3574,654
Operating Profit 1236292-161-15424281141149235421
OPM % 8%4%6%-17%-1%3%3%7%8%6%7%8%
Other Income 8261191217179169215165154202300335
Interest 164985310271310
Depreciation 232728272927302936394142
Profit before tax 1819025220128179224207257305481703
Tax % 36%43%35%43%28%39%27%26%26%25%26%25%
Net Profit 117521641192110163153190228357527
EPS in Rs 94.1341.77132.799.268.079.6014.2713.4016.5519.9131.1946.04
Dividend Payout % 21%48%15%472%55%72%50%37%35%31%30%30%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-55.56%215.38%-93.29%736.36%19.57%48.18%-6.13%24.18%20.00%56.58%47.62%
Change in YoY Net Profit Growth (%)0.00%270.94%-308.68%829.66%-716.80%28.62%-54.32%30.32%-4.18%36.58%-8.96%

Garden Reach Shipbuilders & Engineers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:29%
3 Years:42%
TTM:41%
Compounded Profit Growth
10 Years:26%
5 Years:26%
3 Years:43%
TTM:54%
Stock Price CAGR
10 Years:%
5 Years:76%
3 Years:137%
1 Year:100%
Return on Equity
10 Years:16%
5 Years:20%
3 Years:23%
Last Year:28%

Last Updated: Unknown

Balance Sheet

Last Updated: June 12, 2025, 3:29 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 124124124124115115115115115115115115
Reserves 8318831,0139599079249261,0231,1431,2991,5591,965
Borrowings 000250004113126610
Other Liabilities 5,4772,9943,3173,4583,3023,1524,3555,6566,3749,0578,5248,265
Total Liabilities 6,4324,0014,4544,5674,3234,1915,3956,7977,64310,78310,26310,354
Fixed Assets 363366344358389302304340501508493522
CWIP 181122231634521511062521
Investments 0000025482619723400
Other Assets 6,0523,6244,0884,1853,9183,8524,9865,4806,93610,0369,7469,811
Total Assets 6,4324,0014,4544,5674,3234,1915,3956,7977,64310,78310,26310,354

Below is a detailed analysis of the balance sheet data for Garden Reach Shipbuilders & Engineers Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2025, the value is 115.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 115.00 Cr..
  • For Reserves, as of Mar 2025, the value is 1,965.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,559.00 Cr. (Mar 2024) to 1,965.00 Cr., marking an increase of 406.00 Cr..
  • For Borrowings, as of Mar 2025, the value is 10.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 66.00 Cr. (Mar 2024) to 10.00 Cr., marking a decrease of 56.00 Cr..
  • For Other Liabilities, as of Mar 2025, the value is 8,265.00 Cr.. The value appears to be improving (decreasing). It has decreased from 8,524.00 Cr. (Mar 2024) to 8,265.00 Cr., marking a decrease of 259.00 Cr..
  • For Total Liabilities, as of Mar 2025, the value is 10,354.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 10,263.00 Cr. (Mar 2024) to 10,354.00 Cr., marking an increase of 91.00 Cr..
  • For Fixed Assets, as of Mar 2025, the value is 522.00 Cr.. The value appears strong and on an upward trend. It has increased from 493.00 Cr. (Mar 2024) to 522.00 Cr., marking an increase of 29.00 Cr..
  • For CWIP, as of Mar 2025, the value is 21.00 Cr.. The value appears to be declining and may need further review. It has decreased from 25.00 Cr. (Mar 2024) to 21.00 Cr., marking a decrease of 4.00 Cr..
  • For Investments, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
  • For Other Assets, as of Mar 2025, the value is 9,811.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,746.00 Cr. (Mar 2024) to 9,811.00 Cr., marking an increase of 65.00 Cr..
  • For Total Assets, as of Mar 2025, the value is 10,354.00 Cr.. The value appears strong and on an upward trend. It has increased from 10,263.00 Cr. (Mar 2024) to 10,354.00 Cr., marking an increase of 91.00 Cr..

Notably, the Reserves (1,965.00 Cr.) exceed the Borrowings (10.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-74-112628515-3561,450-70716
Cash from Investing Activity +267198245-1,173429-1,6661,056170
Cash from Financing Activity +-193-89-153-62-72220-358-187
Net Cash Flow0-3720-72004-9-1

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow123.0062.0092.00-186.00-15.0042.0042.0077.00130.00-163.00169.00411.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days221137347955581365731720
Inventory Days1,5681,9323342363837271681,590606458662648
Days Payable941362021902909681771,922592159266161
Cash Conversion Cycle1,4951,80617079172-18648-19671330404507
Working Capital Days-18523-1,124-388-695-468-392-533-1,012-660-503-270
ROCE %24%20%10%24%3%12%18%22%21%20%20%27%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters74.50%74.50%74.50%74.50%74.50%74.50%74.50%74.50%74.50%74.50%74.50%74.50%
FIIs1.55%1.76%1.95%2.52%2.68%3.11%3.34%2.86%3.26%3.91%3.65%3.71%
DIIs10.68%9.16%8.36%7.55%7.91%7.46%5.96%6.03%6.14%3.20%1.87%1.87%
Public13.27%14.58%15.20%15.43%14.91%14.93%16.20%16.61%16.10%18.38%19.98%19.92%
No. of Shareholders35,80637,51841,46060,04860,63868,8591,08,9221,17,6211,25,6312,59,8274,04,1574,21,148

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan 1,600,000 0.41 384.891,600,0002025-04-22 17:25:350%
Motilal Oswal Nifty India Defence Index Fund 380,398 3.93 91.51380,3982025-04-22 04:31:180%
Nippon India Nifty Smallcap 250 Index Fund 27,654 0.39 6.6527,6542025-04-22 17:25:350%
Motilal Oswal Nifty Smallcap 250 Index Fund 12,611 0.38 3.0312,6112025-04-22 17:25:350%
Shriram Flexi Cap Fund 8,345 1.59 2.018,3452025-04-22 17:25:350%
Shriram ELSS Tax Saver Fund 3,635 1.54 0.873,6352025-04-22 17:25:350%
Motilal Oswal Nifty 500 Index Fund 3,105 0.04 0.753,1052025-04-22 17:25:350%
Shriram Balanced Advantage Fund 1,050 0.46 0.251,0502025-04-22 17:25:350%
Motilal Oswal Nifty Smallcap 250 ETF 714 0.38 0.177142025-04-22 17:25:350%
Motilal Oswal Nifty 500 ETF 105 0.04 0.031052025-04-22 17:25:350%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 31.1919.9116.5513.4014.27
Diluted EPS (Rs.) 31.1919.9116.5513.4014.27
Cash EPS (Rs.) 34.8023.3319.6615.9416.90
Book Value[Excl.RevalReserv]/Share (Rs.) 146.09123.42109.8199.2790.81
Book Value[Incl.RevalReserv]/Share (Rs.) 146.09123.42109.8199.2790.81
Dividend / Share (Rs.) 9.366.205.805.007.14
Revenue From Operations / Share (Rs.) 313.63223.58153.4299.59125.12
PBDIT / Share (Rs.) 46.5930.6326.3122.6723.21
PBIT / Share (Rs.) 42.9827.2123.1920.1320.59
PBT / Share (Rs.) 41.9826.6422.4618.0819.54
Net Profit / Share (Rs.) 31.1919.9116.5513.4014.27
PBDIT Margin (%) 14.8513.6917.1422.7618.55
PBIT Margin (%) 13.7012.1715.1120.2116.45
PBT Margin (%) 13.3811.9114.6318.1515.61
Net Profit Margin (%) 9.948.9010.7813.4511.40
Return on Networth / Equity (%) 21.3416.1315.0613.4915.71
Return on Capital Employeed (%) 27.4220.3019.3118.6720.73
Return On Assets (%) 3.482.112.482.263.03
Total Debt / Equity (X) 0.030.210.000.000.00
Asset Turnover Ratio (%) 0.340.270.240.180.29
Current Ratio (X) 1.121.070.930.981.13
Quick Ratio (X) 0.640.750.740.841.03
Inventory Turnover Ratio (X) 0.590.730.950.721.75
Dividend Payout Ratio (NP) (%) 27.6331.8836.8639.1875.95
Dividend Payout Ratio (CP) (%) 24.7727.2131.0232.9464.14
Earning Retention Ratio (%) 72.3768.1263.1460.8224.05
Cash Earning Retention Ratio (%) 75.2372.7968.9867.0635.86
Interest Coverage Ratio (X) 46.4654.14394.4596.13199.09
Interest Coverage Ratio (Post Tax) (X) 32.1036.20259.1065.50131.34
Enterprise Value (Cr.) 5099.621190.6436.61-160.28-1042.52
EV / Net Operating Revenue (X) 1.420.460.02-0.14-0.72
EV / EBITDA (X) 9.553.390.12-0.61-3.92
MarketCap / Net Operating Revenue (X) 2.442.041.481.861.09
Retention Ratios (%) 72.3668.1163.1360.8124.04
Price / BV (X) 5.243.692.061.861.51
Price / Net Operating Revenue (X) 2.442.041.481.861.09
EarningsYield 0.040.040.070.070.10

After reviewing the key financial ratios for Garden Reach Shipbuilders & Engineers Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 31.19. This value is within the healthy range. It has increased from 19.91 (Mar 23) to 31.19, marking an increase of 11.28.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 31.19. This value is within the healthy range. It has increased from 19.91 (Mar 23) to 31.19, marking an increase of 11.28.
  • For Cash EPS (Rs.), as of Mar 24, the value is 34.80. This value is within the healthy range. It has increased from 23.33 (Mar 23) to 34.80, marking an increase of 11.47.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 146.09. It has increased from 123.42 (Mar 23) to 146.09, marking an increase of 22.67.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 146.09. It has increased from 123.42 (Mar 23) to 146.09, marking an increase of 22.67.
  • For Dividend / Share (Rs.), as of Mar 24, the value is 9.36. This value exceeds the healthy maximum of 3. It has increased from 6.20 (Mar 23) to 9.36, marking an increase of 3.16.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 313.63. It has increased from 223.58 (Mar 23) to 313.63, marking an increase of 90.05.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 46.59. This value is within the healthy range. It has increased from 30.63 (Mar 23) to 46.59, marking an increase of 15.96.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 42.98. This value is within the healthy range. It has increased from 27.21 (Mar 23) to 42.98, marking an increase of 15.77.
  • For PBT / Share (Rs.), as of Mar 24, the value is 41.98. This value is within the healthy range. It has increased from 26.64 (Mar 23) to 41.98, marking an increase of 15.34.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 31.19. This value is within the healthy range. It has increased from 19.91 (Mar 23) to 31.19, marking an increase of 11.28.
  • For PBDIT Margin (%), as of Mar 24, the value is 14.85. This value is within the healthy range. It has increased from 13.69 (Mar 23) to 14.85, marking an increase of 1.16.
  • For PBIT Margin (%), as of Mar 24, the value is 13.70. This value is within the healthy range. It has increased from 12.17 (Mar 23) to 13.70, marking an increase of 1.53.
  • For PBT Margin (%), as of Mar 24, the value is 13.38. This value is within the healthy range. It has increased from 11.91 (Mar 23) to 13.38, marking an increase of 1.47.
  • For Net Profit Margin (%), as of Mar 24, the value is 9.94. This value is within the healthy range. It has increased from 8.90 (Mar 23) to 9.94, marking an increase of 1.04.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 21.34. This value is within the healthy range. It has increased from 16.13 (Mar 23) to 21.34, marking an increase of 5.21.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 27.42. This value is within the healthy range. It has increased from 20.30 (Mar 23) to 27.42, marking an increase of 7.12.
  • For Return On Assets (%), as of Mar 24, the value is 3.48. This value is below the healthy minimum of 5. It has increased from 2.11 (Mar 23) to 3.48, marking an increase of 1.37.
  • For Total Debt / Equity (X), as of Mar 24, the value is 0.03. This value is within the healthy range. It has decreased from 0.21 (Mar 23) to 0.03, marking a decrease of 0.18.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 0.34. It has increased from 0.27 (Mar 23) to 0.34, marking an increase of 0.07.
  • For Current Ratio (X), as of Mar 24, the value is 1.12. This value is below the healthy minimum of 1.5. It has increased from 1.07 (Mar 23) to 1.12, marking an increase of 0.05.
  • For Quick Ratio (X), as of Mar 24, the value is 0.64. This value is below the healthy minimum of 1. It has decreased from 0.75 (Mar 23) to 0.64, marking a decrease of 0.11.
  • For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.59. This value is below the healthy minimum of 4. It has decreased from 0.73 (Mar 23) to 0.59, marking a decrease of 0.14.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 27.63. This value is within the healthy range. It has decreased from 31.88 (Mar 23) to 27.63, marking a decrease of 4.25.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 24.77. This value is within the healthy range. It has decreased from 27.21 (Mar 23) to 24.77, marking a decrease of 2.44.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 72.37. This value exceeds the healthy maximum of 70. It has increased from 68.12 (Mar 23) to 72.37, marking an increase of 4.25.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 75.23. This value exceeds the healthy maximum of 70. It has increased from 72.79 (Mar 23) to 75.23, marking an increase of 2.44.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 46.46. This value is within the healthy range. It has decreased from 54.14 (Mar 23) to 46.46, marking a decrease of 7.68.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 32.10. This value is within the healthy range. It has decreased from 36.20 (Mar 23) to 32.10, marking a decrease of 4.10.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 5,099.62. It has increased from 1,190.64 (Mar 23) to 5,099.62, marking an increase of 3,908.98.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.42. This value is within the healthy range. It has increased from 0.46 (Mar 23) to 1.42, marking an increase of 0.96.
  • For EV / EBITDA (X), as of Mar 24, the value is 9.55. This value is within the healthy range. It has increased from 3.39 (Mar 23) to 9.55, marking an increase of 6.16.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.44. This value is within the healthy range. It has increased from 2.04 (Mar 23) to 2.44, marking an increase of 0.40.
  • For Retention Ratios (%), as of Mar 24, the value is 72.36. This value exceeds the healthy maximum of 70. It has increased from 68.11 (Mar 23) to 72.36, marking an increase of 4.25.
  • For Price / BV (X), as of Mar 24, the value is 5.24. This value exceeds the healthy maximum of 3. It has increased from 3.69 (Mar 23) to 5.24, marking an increase of 1.55.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.44. This value is within the healthy range. It has increased from 2.04 (Mar 23) to 2.44, marking an increase of 0.40.
  • For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Garden Reach Shipbuilders & Engineers Ltd as of June 13, 2025 is: 2,737.12

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 13, 2025, Garden Reach Shipbuilders & Engineers Ltd is Overvalued by 10.81% compared to the current share price 3,069.00

Intrinsic Value of Garden Reach Shipbuilders & Engineers Ltd as of June 13, 2025 is: 3,503.48

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 13, 2025, Garden Reach Shipbuilders & Engineers Ltd is Undervalued by 14.16% compared to the current share price 3,069.00

Last 5 Year EPS CAGR: 28.00%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 18.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -339.42, which is a positive sign.
  3. The company has higher reserves (1,119.33 cr) compared to borrowings (35.67 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (78.25 cr) and profit (252.25 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 116.75, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Garden Reach Shipbuilders & Engineers Ltd:
    1. Net Profit Margin: 9.94%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 27.42% (Industry Average ROCE: 22.73%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 21.34% (Industry Average ROE: 16.9%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 32.1
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.64
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 66.7 (Industry average Stock P/E: 81.51)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.03
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Garden Reach Shipbuilders & Engineers Ltd. is a Public Limited Listed company incorporated on 26/02/1934 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L35111WB1934GOI007891 and registration number is 007891. Currently Company is involved in the business activities of Building of ships and boats. Company's Total Operating Revenue is Rs. 5075.69 Cr. and Equity Capital is Rs. 114.55 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Aerospace & DefenseGRSE Bhavan, 61, Garden Reach Road, Kolkata West Bengal 700024co.sec@grse.co.in
http://www.grse.in
Management
NamePosition Held
Commodore P R HariChairman & Managing Director
Mr. Ramesh Kumar DashDirector - Finance & CFO
Mr. DIG Subrato GhoshDirector - Personnel
Mr. Sanjay Dattatraya PanseNon Official PartTime (Ind.) Director
Mr. Rajeev PrakashGovernment Nominee Director
Mr. Shantanu BoseDirector - Shipbuilding
Mr. Sanjeeb MohantyNon Official PartTime (Ind.) Director

FAQ

What is the intrinsic value of Garden Reach Shipbuilders & Engineers Ltd?

Garden Reach Shipbuilders & Engineers Ltd's intrinsic value (as of 13 June 2025) is ₹2737.12 — 10.81% lower the current market price of 3,069.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 35,156 Cr. market cap, FY2025-2026 high/low of ₹3,532/1,180, reserves of 1,965 Cr, and liabilities of 10,354 Cr.

What is the Market Cap of Garden Reach Shipbuilders & Engineers Ltd?

The Market Cap of Garden Reach Shipbuilders & Engineers Ltd is 35,156 Cr..

What is the current Stock Price of Garden Reach Shipbuilders & Engineers Ltd as on 13 June 2025?

The current stock price of Garden Reach Shipbuilders & Engineers Ltd as on 13 June 2025 is 3,069.

What is the High / Low of Garden Reach Shipbuilders & Engineers Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Garden Reach Shipbuilders & Engineers Ltd stocks is ₹3,532/1,180.

What is the Stock P/E of Garden Reach Shipbuilders & Engineers Ltd?

The Stock P/E of Garden Reach Shipbuilders & Engineers Ltd is 66.7.

What is the Book Value of Garden Reach Shipbuilders & Engineers Ltd?

The Book Value of Garden Reach Shipbuilders & Engineers Ltd is 182.

What is the Dividend Yield of Garden Reach Shipbuilders & Engineers Ltd?

The Dividend Yield of Garden Reach Shipbuilders & Engineers Ltd is 0.30 %.

What is the ROCE of Garden Reach Shipbuilders & Engineers Ltd?

The ROCE of Garden Reach Shipbuilders & Engineers Ltd is 37.3 %.

What is the ROE of Garden Reach Shipbuilders & Engineers Ltd?

The ROE of Garden Reach Shipbuilders & Engineers Ltd is 28.1 %.

What is the Face Value of Garden Reach Shipbuilders & Engineers Ltd?

The Face Value of Garden Reach Shipbuilders & Engineers Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Garden Reach Shipbuilders & Engineers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE