GRSE shares hit all-time high; stock up over 140% in 52 trading sessions amid defence order momentum
Shares of Garden Reach Shipbuilders & Engineers Ltd surged over 5% in Friday's early trade to hit a fresh all-time high of ₹2,896.30. This marks the third consecutive day of gains for the defence PSU, taking its one-month rally to an impressive 66%.
The stock's strong performance comes amid heightened investor interest in defence stocks following Operation Sindoor and Prime Minister Narendra Modi's renewed call for indigenous defence manufacturing.
March quarter performance & outlook
For the fourth quarter of FY25, Garden Reach reported a stellar 61% year-on-year growth in revenue. Its EBITDA soared 144%, while EBITDA margin expanded by 454 basis points. During its recent earnings call, the company said it expects peak execution in FY26. Notably, deliveries of the first P17 Alpha Ships are expected within two months, ahead of schedule.
Big defence win
The company also announced on Thursday that it had emerged as the lowest (L1) bidder for the Indian Navy's Next Generation Corvette (NGC) project. Garden Reach is set to bag five of the eight ships under this ₹25,000 crore contract, further strengthening its defence order book.
Stock metrics Market cap : ₹32,055 crore
52-week range : ₹1,148.10 – ₹2,896.30
P/E Ratio : 61.12
Dividend Yield : 0.50%
Beta : 1.66
Average delivery (20D): 80.38%
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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