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Garden Reach Shipbuilders

Kolkata warship yard — P-17A frigates, survey vessels, export patrol craft. Fastest revenue compounding among DPSU yards (FY22 ₹1,754 Cr → FY26 ₹7,002 Cr).

Order book · ~₹25K Cr order book; next-gen corvette bid pipeline

Hold
₹2,562
Mkt cap ₹29.4K Cr
P/E
39.2x
P/B
11.2x
ROCE
43.0%
ROE
31.8%
Div yield
0.54%
52W high
₹3,339
52W low
₹1,964
Promoter
74.5%
Score bridge (derived from real data)
Fundamental
82
Valuation
65
Technical
44
Moat (curated)
78

Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.

52-week position
₹1,964now ₹2,562₹3,339
43/100
Technical rating D
Price · 2 years · SMA 50/200 · as of 2026-07-20
DownMACD BearishGolden cross
RSI-14
RSI-14
38
vs SMA-50
-4.5%
vs SMA-200
-0.7%
1Y return
-0.9%
Ann. vol
45%
Max DD 1Y
-32%
Annual trend · sales, PAT, OPM
Quarterly run-rate
Peer set · Shipbuilding & Submarines
CompanyMkt capP/EOPMROCESales 3YPAT 3YD/EComposite
Mazagon Dock₹94.6K Cr36.6x17%36.0%18.4%32.1%0.05x68
Cochin Shipyard₹37.0K Cr51.6x16%16.0%28.5%33.0%0.28x59
Garden Reach Shipbuilders ◄₹29.4K Cr39.2x11%43.0%39.8%48.6%0.01x69
Krishna Defence₹1.9K Cr47.2x22%30.7%56.4%101.7%0.01x76

Financial statements

Source: Screener.in
Sales 3Y CAGR
39.8%
PAT 3Y CAGR
48.6%
OPM (latest)
11.0%
PAT margin
10.7%
D / E
0.01x
CFO / PAT
-0.39x
EV / EBITDA
37.0x
FCF yield
0.8%
Ratio history · computed per year
RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales growth YoY %—46.0%40.3%41.3%37.9%
PAT growth YoY %—20.0%56.6%47.6%41.9%
OPM %8%6%7%8%11%
PAT margin %10.8%8.9%9.9%10.4%10.7%
ROE % (PAT / net worth)15.1%16.1%21.3%25.3%28.5%
D / E (x)0.010.220.040.000.01
Asset turnover (x)0.230.240.350.490.66
CFO / PAT (x)0.08-1.27———
Annual P&L · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales1,7542,5613,5935,0767,002
Operating profit141149235422795
OPM %8%6%7%8%11%
Net profit190228357527748
EPS ₹16.5519.9131.1946.0465.29
Quarterly · ₹ Cr
Dec 2025Mar 2026Jun 2026Sep 2026
Sales1,6771,8962,1191,310
OPM %9%9%17%9%
PAT154171303120
Balance sheet · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity115115115115115
Reserves1,1431,2991,5591,9652,512
Borrowings11312661037
Total assets7,64310,78310,26310,36210,636
Cash flow · ₹ Cr
Mar 2022Mar 2023
Operating16-290
Investing170527
Financing-187-223
Shareholding
Promoters
74.5%
FII
3.2%
DII
1.9%
Public
20.4%
Mkt cap
₹29.4K Cr
P/E
39.2x
52W range
₹1,964–3,339