Garden Reach Shipbuilders & Engineers Ltd.
Snapshot View

300.00 -5.60 ▼-1.8%

18 May 2022, 04:01:00 PM
Volume: 53,603

Overview View Details

Sector Ship Building Compare with Sector peers
Industry Ship Building Compare with Industry peers
Website http://www.grse.in
Market Cap 3,442.29 Cr.
Enterprise Value(EV) 1,682.55 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 17.49 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 17.18 Trailing Twelve Months Ending 2021-12
Industry PE 9.55 Trailing Twelve Months Ending 2021-12
Book Value / Share 110.78 Trailing Twelve Months Ending 2021-12
Price to Book Value 2.71 Calculated using Price: 300.50
Dividend Yield 1.66 Period Ending 2021-03
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
-1.83%
1 Week
+6.95%
1 Month
-1.53%
3 Month
+33.33%
6 Month
+20.99%
1 Year
+68.02%
2 Year
+116.84%
5 Year
10 Year
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 16.18 13.35 4.52 15.42 1.03 8.78 10.67 15.73 14.10
Return on Capital Employed (%) 23.28 20.52 7.89 23.87 2.61 12.72 17.87 21.82 20.12
Return on Assets (%) 2.36 1.91 0.62 2.71 0.25 2.08 2.58 3.35 2.46

Balance Sheet View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 863 956 968 1,134 1,083 1,022 1,038 1,040 1,137 1,206
Non Curr. Liab. 183 209 188 33 62 80 83 275 238 106
Curr. Liab. 5,045 5,433 6,358 3,284 3,421 3,217 3,068 4,247 5,548 5,778
Minority Int.
Equity & Liab. 6,090 6,598 7,513 4,451 4,567 4,319 4,190 5,562 6,924 7,090
Non Curr. Assets 567 613 613 1,623 1,278 1,809 618 754 1,446 2,062
Curr. Assets 5,524 5,985 6,900 2,828 3,288 2,510 3,571 4,808 5,477 5,027
Misc. Exp. not W/O
Total Assets 6,090 6,598 7,513 4,451 4,567 4,319 4,190 5,562 6,924 7,090

Profit Loss View Details

Particulars 10 years 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. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 462 307 2,304 1,656 922 1,348 1,386 1,433 1,141 1,612
Other Income 76 87 69 185 217 183 171 226 188 171
Total Income 538 395 2,374 1,840 1,139 1,531 1,558 1,659 1,328 1,783
Total Expenditure -330 -183 -2,284 -1,575 -1,083 -1,367 -1,344 -1,391 -1,060 -1,465
PBIDT 208 211 90 266 56 164 213 267 269 317
Interest -1 -4 -2 -4 -9 -8 -5 -3 -12 -3
Depreciation -14 -22 -27 -28 -27 -29 -27 -30 -29 -34
Taxation -62 -66 -33 -87 -9 -35 -69 -60 -54 -72
Exceptional Items 0 2 15 16 -2 -11 -21 -8
PAT 132 121 43 162 11 92 110 163 153 200
Adjusted EPS 106 98 35 131 9 8 10 14 13 17

Cash Flow View Details

Particulars 10 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. 2021-03 Rs. Cr.
Cash Fr. Operatn. -247 558 92 107 423 -191 -74 -112 628 517
Cash Fr. Inv. -31 -42 -66 10 -483 227 267 198 245 -1,173
Cash Fr. Finan. -3 -16 -30 -18 -30 -50 -193 -89 -153 -64
Net Change -282 500 -4 99 -90 -14 0 -3 720 -720
Cash & Cash Eqvt 186 686 16 116 26 12 12 9 729 9

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 74.50 74.50 74.50 74.50 74.50 74.51 74.50 74.50 74.50
Public 25.50 25.49 25.50 25.50 25.49 25.49 25.50 25.50 25.50
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

Wed, 18 May 2022
Compliances-Reg.24(A)-Annual Secretarial Compliance
In terms of SEBI Circular No. CIR/CFD/CMD1/27/2019 dated 08 Feb 2019 please find enclosed Annual Secretarial Compliance Report duly issued and signed by M/s Vinod Kothari & Company Practicing Company Secretary for the year ended 31 March 2022.
Tue, 17 May 2022
Board Meeting Intimation for Intimation Of Reschedule Of Date Of Board Meeting To Inter Alia Consider And Approve Audited Financial Results For The Quarter And Year Ended 31St March 2022 And To Recommend Final Dividend For The Financial Year 2021-22 If Any.
Garden Reach Shipbuilders & Engineers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/05/2022 inter alia to consider and approve This has reference to our letter No. SECY/GRSE/BD-69/CA/7/2022-23 dated 10 May 2022 on the subject matter of Intimation of Reschedule of Date of Board Meeting to inter alia consider and approve Audited Financial Results for the quarter and year ended 31st March 2022 and to recommend final dividend for the financial year 2021-22 if any.This is to inform you that due to unavoidable circumstances meeting of the Board of Directors of the Company which is scheduled to be held on Tuesday 24th May 2022 has been rescheduled and be held on Wednesday 25th May 2022. Further in terms of the Companys Code of Conduct for Prevention of Insider Trading and Fair disclosure of Unpublished Price Sensitive Information and SEBI (Prohibition of Insider Trading) Regulations 2015 the Trading Window for dealing in securities of the Company shall remain closed from 01st April 2022 to 27th May 2022.
Tue, 17 May 2022
Update on board meeting
The Board Meeting to be held on 24/05/2022 has been revised to 25/05/2022 This is to inform you that due to unavoidable circumstances meeting of the Board of Directors of the Company which is scheduled to be held on Tuesday 24th May 2022 inter alia to consider and approve Audited Financial Results for the quarter and year ended 31st March 2022 and to recommend final dividend for the Financial Year 2021-22 if any has been rescheduled and be held on Wednesday 25th May 2022.

Technical Scans View Details

Wed, 18 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Close Within 52 Week High Zone Close Within 52 Week High Zone
High Increase 3 Months High Increase 3 Months
High Increase 6 Months High Increase 6 Months
High Increase 1 Year High Increase 1 Year

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