Garden Reach Shipbuilders & Engineers Ltd
Garden Reach Shipbuilders & Engineers Ltd is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE is a diversified, profit making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard.[1]
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Pros
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Aerospace & Defense Aerospace & Defense
Part of BSE 500 BSE PSU Nifty 500 BSE SmallCap Nifty Smallcap 100
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Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI (LODR), Reg 2015 Imposition Of Fines By NSE And BSE
29 Nov - NSE and BSE each imposed ₹9,77,040 fine for board and committee non-compliance; GRSE sought waiver.
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Announcement under Regulation 30 (LODR)-Change in Management
24 Nov - Aparajita Ghosh promoted to Chief General Manager (Finance), effective 18 Nov 2025.
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
14 Nov - GRSE signed non-binding MoU with Andhra Pradesh Maritime Board on Nov 14, 2025 for greenfield shipyard project.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 Nov - Conference call has been held on Tuesday 11 Nov 2025 at 03:30 p.m. to discuss the Unaudited Financial Results of the company for the Quarter …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Nov - Audio of 11 Nov 2025 conference call on Q2/H1 unaudited results (30 Sep 2025) uploaded; link provided.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2025TranscriptPPTREC
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Aug 2025TranscriptPPTREC
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May 2025TranscriptPPTREC
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Feb 2025TranscriptPPTREC
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Nov 2024TranscriptPPTREC
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Aug 2024TranscriptPPTREC
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May 2024TranscriptPPTREC
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Mar 2024TranscriptPPT
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Nov 2023TranscriptPPTREC
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Aug 2023TranscriptPPT
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Jun 2023TranscriptPPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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Jun 2022TranscriptPPT
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Jun 2019TranscriptAI SummaryPPT
Shipbuilding Segment (89% of revenues)[1]
GRSE shipbuilding division consists of the construction of vessels for clients engaged in the defense sector shipping industry. Its build vessels i.e. Frigates, missile corvette, anti-submarine warfare corvette, survey vessel, offshore patrol vessel, etc.
Majority of the products manufactured by GRSE are supplied to central and state governments and entities owned and controlled by the government i.e. the Indian Navy and the Indian Coast Guard.
In addition to the shipbuilding products mentioned above, over the years GRSE has also supplied various boats, pontoons, barges, fishing trawlers, fire floats, tugs, dredgers, passenger ferries, motor cutters, deck whalers, launch, etc. to various other customers. [2]
It owns 3 separate shipbuilding facilities close to each other in Kolkata. The ships are built at the Main Works Unit and the Rajabagan Dockyard. [3]