Latest news with #GardenReach
Business Upturn
23-05-2025
- Business
- Business Upturn
GRSE shares hit all-time high; stock up over 140% in 52 trading sessions amid defence order momentum
By Aditya Bhagchandani Published on May 23, 2025, 09:53 IST 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.
Business Upturn
17-05-2025
- Business
- Business Upturn
Garden Reach shares jump 36% this week after Operation Sindoor success and strong Q4 results
By Aman Shukla Published on May 17, 2025, 11:07 IST Garden Reach Shipbuilders & Engineers (GRSE) shares surged over 36% this week following the success of Operation Sindoor and impressive Q4 FY25 financial results. Operation Sindoor, launched in response to the tragic Pahalgam terror attack on April 22, 2025, which caused 26 casualties, focused on targeting terror camps in Pakistan and Pakistan-occupied Jammu and Kashmir. The operation brought significant attention to the critical role played by Indian defence equipment. The company's strong quarterly performance further boosted investor confidence. GRSE reported a remarkable net profit of ₹244 crore for Q4 FY25, marking a 119% increase from ₹111.6 crore in the same period last year. This impressive growth was fueled by a sharp rise in revenue, which jumped 62% year-over-year to ₹1,642 crore from ₹1,015.7 crore. Additionally, the company's operational efficiency improved significantly, with EBITDA soaring 145% to ₹220.95 crore and the EBITDA margin expanding to 13.5% from 8.9%. Garden Reach shares showed notable activity on Friday, closing at 2,486.60. The stock opened at 2,273.00 and reached a high of 2,560.00 during the day, while the low touched 2,252.80. Over the past year, the share price has experienced significant fluctuation, with a 52-week high of 2,833.80 and a low of 973.00. 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. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
