Garden Reach Shipbuilders & Engineers quarterly results and financials

Garden Reach Shipbuilders & Engineers (GRSE)₹2,198+1.93%(9 Nov 2026 close)Aerospace & Defense

Key facts

In the Jun 2026 quarter (standalone), Garden Reach Shipbuilders & Engineers reported sales of ₹1,814 Cr, up 38.5% from Jun 2025, and net profit of ₹173 Cr, up 44.2% year on year. For the year to Mar 2026, sales were ₹6,998 Cr and net profit ₹746 Cr.

Sales (Jun 2026): ₹1,814 Cr
Net profit (Jun 2026): ₹173 Cr
Sales (FY Mar 2026): ₹6,998 Cr
Net profit (FY Mar 2026): ₹746 Cr
EPS (Jun 2026): ₹15.14
Borrowings (Mar 2026): ₹37.07 Cr

Company filings, standalone accounts; latest reported quarter Jun 2026

Garden Reach Shipbuilders & Engineers quarterly results

₹ crore unless stated; each column is a quarter.

Garden Reach Shipbuilders & Engineers Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	897	922	1,015	1,009	1,153	1,270	1,641	1,310	1,675	1,894	2,118	1,814
Expenses	849	874	924	952	1,084	1,196	1,420	1,198	1,521	1,723	1,762	1,666
Operating Profit	48.84	48.79	90.66	55.82	68.68	74.69	220	112	155	171	354	148
OPM %	5.0%	5.0%	9.0%	6.0%	6.0%	6.0%	13.0%	9.0%	9.0%	9.0%	17.0%	8.0%
Other Income	72.12	82.23	76.14	74.22	75.23	72.22	114	73.13	69.18	62.17	71.18	100
Interest	1.99	0.99	2.99	3.99	1.99	1.99	0.99	5.99	3.99	3.99	2.99	3.99
Depreciation	9.97	9.97	9.97	9.97	10.96	10.96	9.97	11.96	11.96	11.97	12.97	13.97
Profit before tax	107	119	153	115	131	134	324	167	209	218	411	232
Tax %	25.1%	26.1%	27.1%	24.1%	25.1%	27.1%	25.1%	28.1%	27.1%	22.1%	26.1%	25.1%
Net Profit	80.72	87.77	112	86.77	97.73	97.75	243	120	154	171	302	173
EPS (Rs)	7.07	7.73	9.78	7.64	8.57	8.60	21.40	10.53	13.49	14.98	26.59	15.14

Garden Reach Shipbuilders & Engineers profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Garden Reach Shipbuilders & Engineers Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,656	920	1,346	1,385	1,431	1,141	1,752	2,561	3,589	5,072	6,998	7,500
Expenses	1,564	1,082	1,361	1,343	1,389	1,060	1,612	2,410	3,353	4,652	6,200	6,671
Operating Profit	91.71	−160	−14.93	41.81	41.85	80.69	140	148	234	420	792	829
OPM %	6.0%	−17.0%	−1.1%	3.0%	2.9%	7.0%	8.0%	6.0%	7.0%	8.0%	11.0%	11.1%
Other Income	192	217	179	169	215	165	154	202	301	336	275	303
Interest	3.99	8.99	7.99	4.99	2.99	9.98	1.99	6.98	12.97	10.98	15.98	14.96
Depreciation	27.93	26.92	28.94	26.94	29.91	28.92	35.92	38.93	40.87	41.88	48.89	50.87
Profit before tax	252	19.99	128	179	224	207	257	305	481	703	1,005	1,070
Tax %	35.1%	43.1%	28.1%	39.1%	27.1%	26.1%	26.1%	25.1%	26.1%	25.1%	26.1%	—
Exceptional items	0.00	0.00	4.99	0.00	−3.01	−5.99	8.99	8.99	14.99	9.99	0.00	—
Net Profit	163	10.98	91.78	110	162	153	189	227	356	526	746	799
EPS (Rs)	133.21	9.30	8.10	9.64	14.33	13.44	16.62	20.00	31.33	46.22	65.59	70.20
Dividend payout %	14.9%	471.9%	54.9%	71.9%	50.0%	36.9%	34.9%	30.9%	29.9%	30.0%	29.9%	—

Garden Reach Shipbuilders & Engineers balance sheet

₹ crore, at each year end.

Garden Reach Shipbuilders & Engineers Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	124	124	124	115	115	115	115	115	115	115	115	115
Reserves	885	1,014	961	909	926	928	1,025	1,146	1,301	1,562	1,969	2,517
Borrowings	0.00	0.00	25.03	0.00	0.00	0.00	4.01	11.01	312	66.04	10.01	37.07
Other Liabilities	2,988	3,308	3,449	3,291	3,144	4,340	5,647	6,360	9,036	8,506	8,253	7,949
Total Liabilities	3,996	4,446	4,559	4,314	4,184	5,382	6,790	7,631	10,764	10,247	10,344	10,616
Fixed Assets	365	343	357	388	301	303	339	500	506	492	513	582
CWIP	10.99	22.01	22.99	15.99	34.01	51.99	151	10.01	6.01	25.01	28.01	16.01
Investments	0.00	0.00	0.00	0.00	1.99	53.97	825	197	234	0.00	0.00	0.00
Other Assets	3,620	4,081	4,179	3,910	3,846	4,974	5,474	6,925	10,020	9,732	9,803	10,019
Inventories	842	655	487	518	350	453	803	1,186	2,931	4,003	3,565	3,407
Trade receivables	160	154	200	203	221	537	179	151	51.22	195	260	1,225
Cash & equivalents	1,731	1,847	1,616	1,021	1,987	2,608	2,276	2,552	4,323	3,714	3,727	3,384
Total Assets	3,996	4,446	4,559	4,314	4,184	5,382	6,790	7,631	10,764	10,247	10,344	10,616

Garden Reach Shipbuilders & Engineers cash flow

₹ crore, for each year.

Garden Reach Shipbuilders & Engineers Cash flow
	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−74.14	−112	629	516	−356	1,452	−708	16.02	−291
Cash from investing activity	268	199	246	−1,176	431	−1,671	1,059	171	528
Cash from financing activity	−194	−89.17	−153	−62.12	−72.15	220	−359	−187	−224
Net cash flow	0.00	−2.99	717	−717	0.00	3.99	−8.97	−0.99	12.95
Capex	50.03	53.08	67.06	164	55.02	42.06	48.03	67.07	77.05
Free cash flow	−124	−164	559	350	−410	1,404	−754	−50.89	−366
CFO / OP %	748.0%	−564.0%	1,200.0%	701.0%	−204.0%	1,023.0%	−248.0%	45.0%	−4.0%

Garden Reach Shipbuilders & Engineers ratios

Working-capital days and returns, by year.

Garden Reach Shipbuilders & Engineers Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	38	35	80	56	59	137	58	32	8	21	20	65
Inventory days	334	236	383	727	168	1,590	606	458	662	648	368	306
Days payable	203	191	291	969	178	1,923	593	160	267	162	120	165
Cash conversion cycle	170	79	172	−186	48	−196	71	330	404	507	267	205
Working capital days	−1,125	−389	−706	−469	−393	−534	−1,013	−661	−547	−277	−170	−82
ROCE %	10.0%	24.1%	3.0%	12.1%	18.0%	22.1%	21.1%	20.1%	20.1%	27.1%	37.1%	43.1%

Garden Reach Shipbuilders & Engineers: frequently asked questions

What are the latest quarterly results of Garden Reach Shipbuilders & Engineers?

For the Jun 2026 quarter, Garden Reach Shipbuilders & Engineers reported sales of ₹1,814 Cr, up 38.5% year on year and net profit of ₹173 Cr, up 44.2% year on year. The operating margin was 8.0%.

What is the annual revenue of Garden Reach Shipbuilders & Engineers?

Garden Reach Shipbuilders & Engineers' sales for the year to Mar 2026 were ₹6,998 Cr; over the last twelve months they were ₹7,500 Cr.

What is the net profit of Garden Reach Shipbuilders & Engineers?

Net profit for the year to Mar 2026 was ₹746 Cr, and ₹799 Cr over the last twelve months. Earnings per share over the same trailing period were ₹70.20.

How much debt does Garden Reach Shipbuilders & Engineers have?

Garden Reach Shipbuilders & Engineers reported borrowings of ₹37.07 Cr at Mar 2026, against cash and equivalents of ₹3,384 Cr.

What is the free cash flow of Garden Reach Shipbuilders & Engineers?

Cash from operations was −₹291 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹366 Cr.

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