Garden Reach Shipbuilders & Engineers Ltd.
Snapshot View

203.05 -1.25 ▼-0.6%

23 July 2021, 04:00:00 P.M.
Volume: 7,746

Overview View Details

Sector Ship Building Compare with Sector peers
Industry Ship Building Compare with Industry peers
Website http://grse.in/
Financial Indicators
Market Cap 2,325.98 Cr.
Earnings per share (EPS) 13.40 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 15.16 Trailing Twelve Months Ending 2021-03
Industry PE 9.93 Trailing Twelve Months Ending 2021-03
Book Value / Share 99.27 Trailing Twelve Months Ending 2021-03
Price to Book Value 2.05 Calculated using Price: 203.05
Dividend Yield 0.57 Period Ending 2020-03
No. of Shares Subscribed 11.46 Cr. 114,552,000 Shares
FaceValue 10
Company Profile

Garden Reach Shipbuilders & Engineers was incorporated at Calcutta under the Companies Act, 1913 with the Registrar of Companies, Calcutta, as ‘Garden Reach Workshops Limited’ on February 26, 1934. The company changed its name to ‘Garden Reach Workshops Private Limited’ on November 5, 1957 after the promulgation of the Companies Act, 1956. Thereafter, the company changed its name to ‘Garden Reach Workshops Limited’ on November 30, 1961 pursuant to the acquisition of the company by the Government of India and the status of the company was changed from ‘private limited company’ to ‘deemed public limited company under the provision of Section 43(1A) of the Companies Act, 1956 with effect from January 8, 1976. The name of the company was again changed from ‘Garden Reach Workshop Limited’ to ‘Garden Reach Shipbuilders & Engineers Limited’ on December 31, 1976 by the Registrar of Companies, West Bengal. The company became a public company pursuant to a special resolution of the shareholders at an Annual General Meeting held on August 25, 2017.

Over the years, the company has established capabilities for in-house design and shipbuilding and has made considerable contributions to the indigenous warship construction program of the country. Its shipbuilding product line spans from technologically sophisticated Frigates and Corvettes to Fast Patrol Vessels. In last five decades, it has built and delivered ships ranging from small to large and advanced vessels including frigates, anti-submarine warfare corvettes, missile corvettes, landing ship tanks, landing craft utilities, survey vessels, fleet replenishment tankers, fast patrol vessels, offshore patrol vessels, inshore patrol vessels, WJ-FAC, hover crafts and fast interceptor boats to the Indian Navy, Indian Coast Guard, MHA and Governments of other countries.

Business area of the company

Garden Reach Shipbuilders & Engineers is a ship-building company in India under the administrative control of the MoD and primarily adhere to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. In addition to its ship and warship building capabilities, it is engaged in engineering and engine production activities. As a part of its engineering division it manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps. The company’s shipbuilding division contributes a significant majority of its revenue from operations.

Product segment

  • Shipbuilding
  • Engineering
  • Engine

Awards and Recognition

  • 2006: Accorded the status of Mini Ratna - Category I.
  • 2010-11: Best Performing Defence Shipyard.
  • 2010-11: Excellent grading under MoU signed with the GoI.
  • 2011-12: Best Performing Defence Shipyard.
  • 2011-12: Excellent grading under MoU signed with the GoI.
  • 2011-12: Indira Gandhi Rajbhasha Puraskar - 2nd prize in ‘C’ region for the implementation of official language Hindi in the company.
  • 2012-13: Best Performing Defence Shipyard.
  • 2012-13: Indira Gandhi Rajbhasha Puraskar - 1st prize in 'C' region for implementation of official language Hindi under PSU category.
  • 2012-13: Excellent grading under MoU signed with the GoI.
  • 2013-14: Best Performing Defense Shipyard.
  • 2013-14: Excellent grading under MoU signed with the GoI.
  • 2014-15: National Talent Management Leadership Award 2015 in the Best Onboarding Program category from the World HRD Congress.
  • 2014-15: Most Caring Company Award at CSR Congress-2015.
  • 2014-15: Rajbhasha Kirti Puraskar - 2nd prize in ‘C’ region for excellence in implementation of official language policy under PSU category.
  • 2015-16: Raksha Mantri’s Award for in-house design effort of CGS Barracuda.
  • 2015-16: Rajbhasha Kirti Puraskar - 1st prize for excellence in implementation of official language in the company.
  • 2016 Quality leadership award by Quality Circle Forum of India.
  • 2016: Rajbhasha Kirti Puraskar - 2nd prize for excellence in implementation of official language.
  • 2016: Rajbhasha Kirti Puraskar - 2nd prize for the magazine ‘Rajbhasha Jagriti’.
  • 2017: Quality Leadership Award by Quality Circle Forum of India.
  • 2017: Runner-up in the category of ‘Contribution of Women in PSEs’ by ICC.
  • 2017: Runner-up in the category of ‘Human Resource Management’ by ICC.
  • 2017: Runner-up in the category of ‘CSR & Sustainability’ by ICC.
  • 2017: ICC PSE Excellence Award in the category of “Company of the Year”.
  • 2017: ICC PSE Excellence Award in the category of “Corporate Governance”.
  • 2017: SCOPE Corporate Communication Excellence Award 2017 in the category of Brand Building through Inclusive Growth Initiatives.
  • 2017: SCOPE Corporate Communication Excellence Award 2017 in the category of Best Corporate
    Communication Campaign/ Program (External).
  • 2018: ET Bengal Corporate Award on Best CSR Idea - 2018 awarded by the Economic Times Group.
  • 2018-19: National Awards for Excellence in Cost Management 2018.
  • 2019-20: “Rajbhasa Shield 2018-19” award for best implementation of Rajbhasa in the Company during 2018-19 from Governor of West Bengal.
  • 2019-20: “Recognition of WIPS Activity Award 2019” at 30th National Meet of WIPS.

Milestones

  • 1961: Built the indigenous warship of the country INS Ajay, which was the first Naval ship built in the country after India's independence.
  • 1980: Built the patrol vessel for Indian Coast Guard, CGS Rajhans (GRSE Yard 2003).
  • 1981: Designed and built survey vessel for Indian Navy. This 1900-ton ship, INS Sandhayak was delivered on February 26, 1981.
  • 1984: Designed in-house and built the first of class landing ship tank (large).
  • 1992: The class ship of new design FPV, CGS Priyadarshini (the Company Yard 2031) was delivered to Indian Coast Guard on March 03, 1992.
  • 1994: The class P-16A guided missile frigate “INS Brahmaputra” (the Company Yard 3009) was launched on January 26, 1994.
  • 1994: Built research vessel. The ship was named as “Sagardhwani” which means 'Sound of Sea”.
  • 1997: Designed & developed, portable steel bridges for the first time in India.
  • 2000: Built and delivered the class fast attack craft (the Company Yard No. 2047) on September 11, 2000 after extensive trials.
  • 2009: The two WJ-FAC, INS Carnicobar and INS Chetlat were delivered on January 09, 2009 to
    Indian Navy.
  • 2011: The company signed the contract for building CGS Barracuda, a multi-role offshore patrol vessel for National Coast Guard of Mauritius on March 04, 2011 for export of a warship. CGS Barracuda also has the distinction of being the first ever ship to be built at the new integrated shipbuilding facility, created in the company under modernization.
  • 2014: The class ASW Corvette, INS Kamorta, was delivered to Indian Navy on July 12, 2014.
  • 2016: The first of the four (4) follow-on WJ-FAC, INS Tarmugli (Yard No 2109) was delivered to the Indian Navy on April 16, 2016.
  • 2016-2017: Two ships of the class new generation landing crafts have been delivered to Indian Navy on September 30, 2016 and July 20, 2017.
  • 2017: The class ASW Corvette, INS Kiltan (Yard No 3019) was delivered to the Indian Navy on
    October 14, 2017.
  • 2018: Delivery of fourth LCU ‘L-54’ to Indian Navy on April 6, 2018.
  • 2018: Inauguration of Data Centre of Central Design Office at GRSE’s 61 Park Unit on June 1, 2018.
  • 2018: Inauguration of modern Pump Test Bed Facility at GRSE’s Taratala unit on June 11, 2018.
  • 2018: Inauguration of Virtual Reality Lab of Central Design Office at 61 Park Unit on July 7, 2018.
  • 2019: The company has achieved a historic milestone by delivering its 100th warship to Indian Navy - a Landing Craft Utility, designed and developed by GRSE with over 90% indigenous content on 30 Mar 2019.
  • 2020: The company delivered final ship in Fast Patrol Vessels' series to Indian Coast Guard.
  • 2021: Garden Reach Shipbuilders & Engineers signed a memorandum of understanding (MoU) with GE Power Conversion.
  • 2021: The company commenced production of Anti-Submarine Warfare Shallow Water Crafts for Indian Navy

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.61%
1 Week
+0.99%
1 Month
-2.85%
3 Month
+15.14%
6 Month
+10.08%
1 Year
+2.52%
2 Year
+54.41%
5 Year
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 14.94 16.18 13.35 4.52 15.42 1.03 8.78 10.67 15.73
Return on Capital Employed (%) 23.13 23.28 20.52 7.89 23.87 2.61 12.72 17.87 21.67
Return on Assets (%) 2.48 2.36 1.91 0.62 2.71 0.25 2.08 2.58 3.42

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 763 863 956 968 1,134 1,083 1,022 1,038 1,040
Non Curr. Liab. 28 183 209 188 33 62 80 83 97
Curr. Liab. 4,260 5,045 5,433 6,358 3,284 3,421 3,217 3,068 4,247
Minority Int.
Equity & Liab. 5,051 6,090 6,598 7,513 4,451 4,567 4,319 4,190 5,384
Non Curr. Assets 365 567 613 613 1,623 1,278 1,809 618 576
Curr. Assets 4,686 5,524 5,985 6,900 2,828 3,288 2,510 3,571 4,808
Misc. Exp. not W/O
Total Assets 5,051 6,090 6,598 7,513 4,451 4,567 4,319 4,190 5,384

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 545 462 307 2,304 1,656 922 1,348 1,386 1,433
Other Income 76 87 69 185 217 183 171 226
Total Income 545 538 395 2,374 1,840 1,139 1,531 1,558 1,659
Total Expenditure -363 -330 -183 -2,284 -1,575 -1,083 -1,367 -1,344 -1,393
PBIDT 182 208 211 90 266 56 164 213 266
Interest -1 -4 -2 -4 -9 -8 -5 -1
Depreciation -13 -14 -22 -27 -28 -27 -29 -27 -30
Taxation -61 -62 -66 -33 -87 -9 -35 -69 -60
Exceptional Items 0 2 15 16 -2 -11
PAT 108 132 121 43 162 11 92 110 163

Cash Flow View Details

Particulars 9 years 2011-03 Rs. Cr. 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -247 558 92 107 423 -191 -74 -112 628
Cash Fr. Inv. -31 -42 -66 10 -483 227 267 198 245
Cash Fr. Finan. -3 -16 -30 -18 -30 -50 -193 -89 -153
Net Change -282 500 -4 99 -90 -14 0 -3 720
Cash & Cash Eqvt 186 686 16 116 26 12 12 9 729

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 74.50 74.50 74.51 74.50 74.50 74.50 74.50 74.50 74.51
Public 25.50 25.50 25.49 25.50 25.49 25.50 25.50 25.49 25.49
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 19 Jul 2021
Board Meeting Intimation for Intimation Of Date Of Board Meeting To Inter Alia Consider And Approve Revision In Audited Financial Statements For The Quarter/ Year Ended 31St March 2021 Pursuant To Supplementary Audit By C&AG
Garden Reach Shipbuilders & Engineers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/07/2021 inter alia to consider and approve Revision in Audited Financial Statements for the quarter/ year ended 31st March 2021 pursuant to Supplementary Audit by C&AG
Tue, 13 Jul 2021
Shareholding for the Period Ended June 30 2021
Garden Reach Shipbuilders & Engineers Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Tue, 13 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Sandeep Mahapatra
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
ATR Decreasing for 3 Days ATR Decreasing for 3 Days
NR 4 NR 4
Thu, 22 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month

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