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Garden Reach Shipbuilders rises on signing MoU with DEMPO Group Garden Reach Shipbuilders & Engineers is currently trading at Rs. 794.25, up by 9.35 points or 1.19% from its previous closing of Rs. 784.90 on the BSE. The scrip opened at Rs. 799.75 and has touched a high and low of Rs. 816.35 and Rs. 792.60 respectively. So far 13313 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 832.40 on 17-Aug-2023 and a 52 week low of Rs. 274.05 on 25-Aug-2022. Last one week high an...
Garden Reach Shipbuilders rises on signing MoU with DEMPO Group
Garden Reach Shipbuilders rises on signing MoU with DEMPO Group
Source: Accord Fintech
25/08/2023 10:28:14 AM
Garden Reach Shipbuilders & Engineers jumps on launching Autonomous Underwater Vehicle Garden Reach Shipbuilders & Engineers is currently trading at Rs. 616.15, up by 9.15 points or 1.51% from its previous closing of Rs. 607.00 on the BSE. The scrip opened at Rs. 607.35 and has touched a high and low of Rs. 632.00 and Rs. 607.00 respectively. So far 34764 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 636.75 on 11-Jul-2023 and a 52 week low of Rs. 250.40 on 04-Aug-2022. Last one week high an...
Garden Reach Shipbuilders & Engineers jumps on launching Autonomous Underwater Vehicle
Garden Reach Shipbuilders & Engineers jumps on launching Autonomous Underwater Vehicle
Source: Accord Fintech
28/07/2023 2:58:41 PM
Sell Garden Reach Shipbuilders and Engineers Ltd For Target Rs.370 - ICICI Securities Earnings outlook hazy...   Garden Reach Shipbuilders & Engineers’ (GRSE) Q4FY23 EBITDA performance was below street estimates by ~50.5%. Key highlights: 1) revenues rose 10.7% YoY largely on the back of delivery of two ships (cargo-cum-ferry vessel for the government of Guyana and fast patrol vessel {FPV} for Indian Coast Guard), and P-17A advanced frigates entering their peak billing phase; 2) EBITDA was down 37.4% YoY at Rs204mn due to decline in gross margins and highe...
Sell Garden Reach Shipbuilders and Engineers Ltd For Target Rs.370 - ICICI Securities
Sell Garden Reach Shipbuilders and Engineers Ltd For Target Rs.370 - ICICI Securities
Source: ICICI Securities Ltd
8/06/2023 2:54:02 PM
Garden Reach Shipbuilders & Engineers surges on bagging contract worth Rs 248.51 crore Garden Reach Shipbuilders & Engineers is currently trading at Rs. 464.05, up by 10.10 points or 2.22% from its previous closing of Rs. 453.95 on the BSE. The scrip opened at Rs. 455.15 and has touched a high and low of Rs. 462.95 and Rs. 455.15 respectively. So far 701 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 556.80 on 09-Dec-2022 and a 52 week low of Rs. 207.75 on 20-Jun-2022. Last one week high and...
Garden Reach Shipbuilders & Engineers surges on bagging contract worth Rs 248.51 crore
Garden Reach Shipbuilders & Engineers surges on bagging contract worth Rs 248.51 crore
Source: Accord Fintech
26/05/2023 9:43:51 AM
Performance Review of Q4 & FY23 Riding on a strong order book, GRSE records best ever financial performance for FY 22-23 Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country has announced its financial results for the last quarter and full year ended March 31st, 2023. Q4 FY23 Compared with Q4 FY22:  * Revenue from operation is Rs. 601.17 Crore in Q4 FY23 as against Rs. 543.18 Crore of previous year registering a growth of 10.68%. * The Company’s EBITDA stood at Rs. 90.36 Crore in Q4 FY23 against Rs. 73.70 Crore of previous...
Performance Review of Q4 & FY23 Riding on a strong order book, GRSE records best ever financial performance for FY 22-23
Performance Review of Q4 & FY23 Riding on a strong order book, GRSE records best ever financial performance for FY 22-23
Source: PR Agency
25/05/2023 11:26:36 AM
GRSE Pays an Interim Dividend of Rs. 63 Crores for FY 2022-23: Hands Over Dividend Cheque to the Government of India New Delhi: Garden Reach Shipbuilders and Engineers Ltd., (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship building company of India, has paid an interim dividend of Rs.63 Crores for FY 2022-23 to its shareholders. The Interim Dividend Cheque amounting to Rs. 46.93 Crore as the government’s share was handed over to Hon’ble Raksha Mantri Shri Rajnath Singh, by Cmde P R Hari, IN (Retd), Chairman & Managing Director of GRSE Ltd. Kolkata, today at New Delhi in...
GRSE Pays an Interim Dividend of Rs. 63 Crores for FY 2022-23: Hands Over Dividend Cheque to the Government of India
GRSE Pays an Interim Dividend of Rs. 63 Crores for FY 2022-23: Hands Over Dividend Cheque to the Government of India
Source: PR Agency
10/04/2023 4:56:56 PM
GRSE Ends FY23 on a High: Records Highest Turnover with YoY Growth Of 45 % & Sees Order Book Surge By 3500 Cr with Contract For 04 Next Generation Offshore Patrol Vessels Kolkata: Garden Reach Shipbuilders & Engineers Limited (GRSE), one of the leading warship builders in the country, continues to break records and has for the first time in the company’s history of 63 years as a DPSU, achieved an Annual Turnover to the tune of Rs 2550 Crore (Provisional & Unaudited) for FY 2022-23. The company maintained its momentum through FY 22-23 achieving a remarkable revenue growth of 45%. GRSE also signed the Contract with Ministry of Defence for construct...
GRSE Ends FY23 on a High: Records Highest Turnover with YoY Growth Of 45 % & Sees Order Book Surge By 3500 Cr with Contract For 04 Next Generation Offshore Patrol Vessels
GRSE Ends FY23 on a High: Records Highest Turnover with YoY Growth Of 45 % & Sees Order Book Surge By 3500 Cr with Contract For 04 Next Generation Offshore Patrol Vessels
Source: PR Agency
1/04/2023 9:20:37 AM
GRSE Signs Contract for 04 NGOPVs: Order Book surges by 3500 Cr Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a Miniratna Category 1, Defence PSU, signed a contract with the Ministry of Defence for construction of 04 Next Generation offshore Patrol Vessels on 30 March 2023. The Total Project Cost of 04 GRSE Vessels is around ? 3500/- cr. The first Vessel is to be delivered within 44 months from Contract Signing and subsequent Vessels at 06 months intervals. The Contract was signed between JS&AM (M&S, Ministry of Defence), Shri Dha...
GRSE Signs Contract for 04 NGOPVs: Order Book surges by 3500 Cr
GRSE Signs Contract for 04 NGOPVs: Order Book surges by 3500 Cr
Source: PR Agency
31/03/2023 10:01:13 AM
Reduce Garden Reach Shipbuilders and Engineers Ltd For Target Rs.385 - ICICI Securities Earnings outlook nebulous We attended the analyst meet organised by Garden Reach Shipbuilders & Engineers’ (GRSE) to discuss its Q3FY23 performance and outlook. Key highlights: 1) Management sees benefits from the ongoing fleet expansion drive in defence; 2) EBITDA margin during the quarter was lower due to all the recent orders coming via competitive bidding; 3) Orderbook is expected to rise to Rs250bn by FY23-end (from Rs222.4bn at Dec’22 end); and 4) by FY27, the current...
Reduce Garden Reach Shipbuilders and Engineers Ltd For Target Rs.385 - ICICI Securities
Reduce Garden Reach Shipbuilders and Engineers Ltd For Target Rs.385 - ICICI Securities
Source: ICICI Securities
24/02/2023 2:46:51 PM
GRSE signs landmark MoU for Production of Marine Engines under `Make in India` Initiative GRSE signs landmark MoU for Production of Marine Engines under 'Make in India' Initiative In a major step aimed towards bolstering the 'Make in India' initiative, Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a Memorandum of Understanding (MoU) with Rolls Royce Solutions of Germany for manufacture of high quality marine diesel engines. The MoU was signed on January 27, 2023 by Cmde. PR Hari, IN (Retd), CMD, GRSE and Shri GS Selwyn, MD, MTU India in the august pr...
GRSE signs landmark MoU for Production of Marine Engines under `Make in India` Initiative
GRSE signs landmark MoU for Production of Marine Engines under `Make in India` Initiative
Source: PR Agency
28/01/2023 5:18:48 PM
INS Arnala, Indian Navy`s first anti-submarine warfare shallow water craft, launched INS Arnala, Indian Navy's first anti-submarine warfare shallow water craft (ASWSWC), being built by the Garden Reach Shipbuilders and Engineers (GRSE) Ltd, was launched by Rasika Chaube, Financial Advisor (Defence Services), Ministry of Defence, at the Larsen & Toubro shipyard in Kattipallu, Tamil Nadu, on Tuesday. This is the first of eight such ships being built by GRSE for the Navy. Eight more ASWSWC are being built by Cochin Shipyard Ltd. The first ship will be completed and...
INS Arnala, Indian Navy`s first anti-submarine warfare shallow water craft, launched
INS Arnala, Indian Navy`s first anti-submarine warfare shallow water craft, launched
Source: IANS
21/12/2022 11:59:20 AM
GRSE Strengthens Green Energy Footprint with Inauguration of another Solar Power Plant Kolkata: In a bid to reduce the consumption of the conventional energy, Garden Reach Shipbuilders and Engineers Ltd. (GRSE), a Mini Ratna Category 1 Defence PSU and a leading warship-building company of India inaugurated another Solar Power Plant of 200 kWp at the Main Works Unit. Cmde PR Hari, IN (Retd.) CMD, GRSE inaugurated the Solar Power Plant in the presence of Shri RK Dash, Director (Finance), GRSE, Senior officials and employees of GRSE. The new Solar Plant aims to facilitate reduc...
GRSE Strengthens Green Energy Footprint with Inauguration of another Solar Power Plant
GRSE Strengthens Green Energy Footprint with Inauguration of another Solar Power Plant
Source: PR Agency
17/11/2022 1:58:29 PM
Hold Garden Reach Shipbuilders and Engineers Ltd For Target Rs. 289 - ICICI Securities Garden Reach Shipbuilders & Engineers (GRSE) reported lower than expected Q1FY23 revenues (up 6.5% QoQ, 91% YoY). Q1FY23 revenue run-rate does not inspire confidence in a sharp uptick in FY23 and brings back expectations of 20- 25% YoY revenue growth possibility (as was alluded to by management last quarter). Gross margin and EBITDA margin also moderated significantly in Q1FY23 with 1,230bps and 228bps QoQ compression respectively. As revenue contribution from P17A moderates (as other pro...
Hold Garden Reach Shipbuilders and Engineers Ltd For Target Rs. 289 - ICICI Securities
Hold Garden Reach Shipbuilders and Engineers Ltd For Target Rs. 289 - ICICI Securities
Source: ICICI Securities
5/10/2022 2:09:54 PM
Weekly Tech Picks - Bharti Airtel Ltd, Aditya Birla Fashion and Retail Ltd, Garden Reach Shipbuilders & Engineers Ltd,Gujarat Fluorochemicals Ltd By Axis Securities Bharti Airtel Ltd. • On the weekly time frame the stock has decisively broken out above “rectangular ” pattern. Stock was consolidated in a broader range between 780-640. It broke above the range indicating stock will be trending with positive bias. • The stock is well placed above 20, 50, 100 and 200 day SMA’s which Bharti Airtel Ltd. Weekly Tech Picks 30 September’2022100 and 200 day SMA’s which reconfirms bullish trend • On the daily ti...
Weekly Tech Picks - Bharti Airtel Ltd, Aditya Birla Fashion and Retail Ltd, Garden Reach Shipbuilders & Engineers Ltd,Gujarat Fluorochemicals Ltd By Axis Securities
Weekly Tech Picks - Bharti Airtel Ltd, Aditya Birla Fashion and Retail Ltd, Garden Reach Shipbuilders & Engineers Ltd,Gujarat Fluorochemicals Ltd By Axis Securities
Source: Axis Securities Ltd
3/10/2022 11:14:23 AM
GRSE rises on launching ocean going passenger and cargo ferry vessel for Cooperative Republic of Guyana Garden Reach Shipbuilders and Engineers is currently trading at Rs. 220.50, up by 0.55 points or 0.25% from its previous closing of Rs. 219.95 on the BSE. The scrip opened at Rs. 215.05 and has touched a high and low of Rs. 226.20 and Rs. 214.30 respectively. So far 16182 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 332.85 on 22-Apr-2022 and a 52 week low of Rs. 180.80 on 11-Aug-2021. Last one week high and ...
GRSE rises on launching ocean going passenger and cargo ferry vessel for Cooperative Republic of Guyana
GRSE rises on launching ocean going passenger and cargo ferry vessel for Cooperative Republic of Guyana
Source: Accord Fintech
17/06/2022 10:54:39 AM
Rajabagan Dockyard comes of age, docks 110-metre long vessel The Rajabagan Dockyard (RBD) in Kolkata, acquired by Garden Reach Shipbuilders and Engineers Ltd. (GRSE), nearly 16 years ago has finally come of age. After modernisation of RBD, GRSE will now be able to build and repair larger ships there. Till recently, this facility was used for smaller vessels that are about 50 metre long. On April 18 -- the eve of GRSE's 63rd Raising Day -- this premier defence shipyard docked a 110-metre long ship at dock number 2 of RBD. The ship that docked ...
Rajabagan Dockyard comes of age, docks 110-metre long vessel
Rajabagan Dockyard comes of age, docks 110-metre long vessel
Source: IANS
21/04/2022 1:56:31 PM
Hold Garden Reach Shipbuilders and Engineers Ltd For Target Rs.250 - ICICI Securities Execution picks up; setting up for a strong FY23 Garden Reach Shipbuilders & Engineers (GRSE) reported a lower-than-expected Q3FY22 performance. Q3FY22 witnessed ~35.4% YoY revenue growth. Top-line growth was ~63.5% YoY for 9MFY22. Q3FY22 gross margin is up ~14.8% YoY and 9MFY22 EBITDA is up ~3.2x over 9MFY21. Q3FY22 EBITDA margin is ~10.7% as against ~11.6% YoY. Execution appears to be shifting to FY23E; 9MFY22 performance led to FY22E earnings downgrade. Overall, GRSE is well placed ...
Hold Garden Reach Shipbuilders and Engineers Ltd For Target Rs.250 - ICICI Securities
Hold Garden Reach Shipbuilders and Engineers Ltd For Target Rs.250 - ICICI Securities
Source: ICICI Securities Ltd
7/03/2022 3:34:12 PM
Add Garden Reach Shipbuilders & Engineers Ltd For Target Rs.250 - ICICI Securities Execution picks up; setting up for a strong FY23 Garden Reach Shipbuilders & Engineers (GRSE) had to adapt to modified working routines and also faced supply chain issues due to third wave of Covid. Notwithstanding, Q3FY22 has been extremely productive. GRSE signed a concession agreement with the KOPT in October CY21 in which dry dock has been taken under lease for the purpose of undertaking refit and repair activities for the commercial, naval or coast guard ships. At the diesel engin...
Add Garden Reach Shipbuilders & Engineers Ltd For Target Rs.250 - ICICI Securities
Add Garden Reach Shipbuilders & Engineers Ltd For Target Rs.250 - ICICI Securities
Source: ICICI Securities Ltd
16/02/2022 11:18:26 AM
Hold Garden Reach Shipbuilders and Engineers Ltd For Target Rs.255 - ICICI Securities H1FY22 witnesses record execution Garden Reach Shipbuilders & Engineers (GRSE) reported better-than-expected Q2FY22. A strong Q2FY22 has allowed 20% growth in H1FY22 top line over H1FY20. H1FY22 gross margin is up ~19% over H1FY20 and H1FY22 EBITDA (including exceptional expenses) is up 7x over H1FY20. This makes H1FY22 the best reported H1 ever for the company. Q2FY22 EBITDA margin is 13%. GRSE now needs to follow it up with a strong H2 performance as H2 revenue ask is steep. Executio...
Hold Garden Reach Shipbuilders and Engineers Ltd For Target Rs.255 - ICICI Securities
Hold Garden Reach Shipbuilders and Engineers Ltd For Target Rs.255 - ICICI Securities
Source: ICICI Securities Ltd
11/12/2021 10:05:32 AM
Buy Garden Reach Shipbuilders and Engineers Ltd For Target Rs.255 - ICICI Securities Execution pickup expected in FY22E Garden Reach Shipbuilders & Engineers (GRSE) reported a muted Q1FY22. The company has laid the keel of 3rd survey vessel large (SVL) and 1st ASWSWC. GRSE also started production of second and third ship (Yard 3030 & Yard 3031) of the eight ASWSWC project on 14th Jul,‘21 Production has started of the Ocean Going Passenger cum Cargo Ferry Vessel for the Republic of Guyana. GRSE laid the keel of Fast Patrol Vessel. Further, the company bagge...
Buy Garden Reach Shipbuilders and Engineers Ltd For Target Rs.255 - ICICI Securities
Buy Garden Reach Shipbuilders and Engineers Ltd For Target Rs.255 - ICICI Securities
Source: ICICI Securities
15/10/2021 12:34:54 PM
MTF Stock Pick Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs. 222 - HDFC Securities MTF Stock Pick Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs. 222 - HDFC Securities  TECHNICAL OBSERVATIONS After showing downward correction from the hurdle of Rs 214, the stock price witnessed reasonable downward correction in the last five sessions The stock price has shifted into a sharp upside bounce on Tuesday from the lower support and is expected to retest the upper resistance of Rs 214-215 levels in the coming sessions. We also o...
MTF Stock Pick Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs. 222 - HDFC Securities
MTF Stock Pick Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs. 222 - HDFC Securities
Source: HDFC Securities Ltd
3/08/2021 12:13:05 PM
MTF Stock Pick Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs. 226 - HDFC Securities MTF Stock Pick  Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs. 226 - HDFC Securities  TECHNICAL OBSERVATIONS The stock price has been in a sharp moves in the last three weeks. After a decline of last week, the stock price has moved up sharply so far this week. Presently, the stock price is making an attempt to stage upside breakout of the crucial down sloping trend line around Rs 213-Rs 214 levels. Hence, a sustainable upmove above this area i...
MTF Stock Pick Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs. 226 - HDFC Securities
MTF Stock Pick Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs. 226 - HDFC Securities
Source: HDFC Securities Ltd
23/06/2021 12:15:56 PM
Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs. 255 - ICICI Securities Execution pickup expected in FY22E Garden Reach Shipbuilders & Engineers (GRSE) signalled significant YoY improvement in execution while maintaining margins for FY22E. Rs250.8bn orderbook with meaningful capacity upgrades to speed up execution and smart outsourcing/in-house mix allows for the management confidence. We maintain BUY with a target of Rs 255/share.   Execution details for FY21. FY21 revenue break consists of i) Rs 10.1bn in shipbuilding including Rs140mn of r...
Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs. 255 - ICICI Securities
Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs. 255 - ICICI Securities
Source: ICICI Securities
14/06/2021 11:35:06 AM
Buy Garden Reach Shipbuilders and Engineers Ltd : Execution pickup expected in FY22E - ICICI Securities Buy Garden Reach Shipbuilders and Engineers Ltd For Target Rs.255 Execution pickup expected in FY22E Garden Reach Shipbuilders & Engineers (GRSE) reported an impressive Q4FY21. While revenues were down 13%YoY, EBITDA was Rs375mn, up 9% YoY; margins at 9.4%. Both inventory and payable days for FY21 appear inflated, perhaps as a precursor to higher execution in FY22E. What has helped the outlook of working capital the most is a normalised receivable days at 57 (136 YoY). First of t...
Buy Garden Reach Shipbuilders and Engineers Ltd : Execution pickup expected in FY22E - ICICI Securities
Buy Garden Reach Shipbuilders and Engineers Ltd : Execution pickup expected in FY22E - ICICI Securities
Source: ICICI Securities Ltd
4/06/2021 11:51:09 AM
Garden Reach Shipbuilders and Engineers Q4 net profit up 16.72% at Rs 58.00 cr The company reported standalone net profit of Rs 58.00 crore for the quarter ended March 31, 2021 as compared to Rs 49.69 crore in the same period last year, registering a year-on-year growth of 16.72 per cent. Net revenue of the company declined moderately by 12.67 per cent at Rs 398.83 crore in January-March quarter of this fiscal as against Rs 456.69 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 14.42 per cent to Rs 361.30 crore...
Garden Reach Shipbuilders and Engineers Q4 net profit up 16.72% at Rs 58.00 cr
Garden Reach Shipbuilders and Engineers Q4 net profit up 16.72% at Rs 58.00 cr
Source: Dion Global Solutions Ltd
18/05/2021 11:18:59 AM
Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs.255 - ICICI Securities Execution pickup will unlock value Garden Reach Shipbuilders & Engineers (GRSE) reported an inline Q3FY21. While revenues were down 3%YoY, EBITDA was Rs416mn (Q3FY20 EBITDA was a –ve Rs12mn). EBITDA margins surprised at 11.6%. Keel laying has started for the first ASW-SWC in L&T’s Katupalli shipyard to bring forward the execution cycle. First of the three P17A stealth frigates (P17A forms the largest portion of GRSE’s orderbook) was launched in Dec, ’20 and...
Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs.255 - ICICI Securities
Buy Garden Reach Shipbuilders & Engineers Ltd For Target Rs.255 - ICICI Securities
Source: ICICI Securities Ltd
10/03/2021 11:25:44 AM