Garden Reach Shipbuilders & Engineers GRSE
Naval Shipbuilding & Defence Shipyards: Corvettes, frigates, survey vessels and fast patrol craft (Kolkata)
Mapped in 2 themes: Naval Shipbuilding & Defence Shipyards and Defence Procurement (DAC approvals).
Where Garden Reach Shipbuilders & Engineers sits in the supply chain
Garden Reach Shipbuilders & Engineers appears in 2 supply-chain layers across 2 themes: Naval Shipbuilding & Defence Shipyards and Defence Procurement (DAC approvals).
Naval Shipbuilding & Defence Shipyards › Warship & Submarine Construction (Shipyards)
Direct supplierCorvettes, frigates, survey vessels and fast patrol craft (Kolkata)
Other companies in this layer
Defence Procurement (DAC approvals) › Warships & submarines
OperatorKolkata yard building frigates (P17A), anti-submarine shallow-water craft and export vessels
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 3,593 | 5,076 | 7,002 |
| Net profit | 357 | 527 | 748 |
Latest-year revenue ₹7,002 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Naval Shipbuilding & Defence Shipyards
- Highest ROCE/ROE among the listed PSU shipyards, with revenue growing roughly 6x over five years on export and ASW-corvette demand
Risks · in Naval Shipbuilding & Defence Shipyards
- Five-year revenue growth is concentrated in export and ASW-craft orders that may not repeat at the same pace
- Order book still dependent on a small number of government/export contracts
Common questions
What does Garden Reach Shipbuilders & Engineers do?
In Naval Shipbuilding & Defence Shipyards: Corvettes, frigates, survey vessels and fast patrol craft (Kolkata). NextResearch maps it in 2 supply chains: Naval Shipbuilding & Defence Shipyards and Defence Procurement (DAC approvals).
Where does Garden Reach Shipbuilders & Engineers sit in the supply chain?
Garden Reach Shipbuilders & Engineers (NSE: GRSE) is mapped in 2 supply-chain layers: Warship & Submarine Construction (Shipyards) (Naval Shipbuilding & Defence Shipyards) and Warships & submarines (Defence Procurement (DAC approvals)).
Who are Garden Reach Shipbuilders & Engineers' peers?
In the Warship & Submarine Construction (Shipyards) layer of Naval Shipbuilding & Defence Shipyards: Mazagon Dock Shipbuilders, Cochin Shipyard, Larsen & Toubro, Titagarh Rail Systems, Hindustan Shipyard Ltd (not NSE-listed) and Goa Shipyard Ltd (not NSE-listed).
What is Garden Reach Shipbuilders & Engineers' market cap and valuation?
As of 30 Oct 2026: market cap ₹22,275 Cr, P/E 27.8x, ROCE 42.8%, ROE 31.6%, dividend yield 1.01%.