Governance Negative

2026-05-29 17:30

CRITICAL RED FLAG DETECTED

Garden Reach Shipbuilders & Engineers Ltd. received a fine of ₹9,55,800/- from BSE for non-compliance with SEBI LODR regulations concerning the non-availability of required Independent Directors (including a Woman ID) and non-constitution of Audit and Nomination & Remuneration Committees for the quarter ended 31 March 2026. The company, a CPSE, states these appointments are made by the Government of India and are beyond its control, and has requested a waiver of the fine.

Governance Neutral

2026-05-27 15:09

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) announced the appointment of Cmde Sreekumar Srinivasan, IN (Retd.) as the Chief General Manager (Technical), effective May 27, 2026. Cmde Srinivasan brings extensive experience, including a B.Tech in Naval Architecture and M.Tech in Corrosion Science, along with a Postgraduate Diploma in Management and prior service in the Indian Navy.

Governance Positive

2026-05-26 17:41

Garden Reach Shipbuilders & Engineers Ltd. announced the appointment of Cmde A Vinith, IN (Retd.) as the Executive Director (Technical) with effect from May 26, 2026. Cmde Vinith previously served as the Chief General Manager and joined GRSE in December 2021 as General Manager (Technical), bringing extensive experience from the Indian Navy and GRSE's design activities.

Business Update Positive

2026-05-19 11:21

Garden Reach Shipbuilders & Engineers Ltd. reported its best-ever financial performance for Q4 and FY26, with strong revenue and PAT growth. The company's current order book stands at INR 15,324.13 crore. Management is L1 for the Next Generation Corvette project (~INR 33,000 crore), with the contract signing expected in Q1 FY27, though significant revenue recognition will primarily commence from H2 FY28 and FY29. A robust pipeline of projects with Acceptance of Necessity (AoN) is on the anvil, totaling an estimated INR 1,50,000 crore (excluding NGC), with RFPs for several projects anticipated in the next 3-12 months. The company expects to maintain similar EBITDA margins (around 11.5%) in FY27 and FY28-29. Capacity is being expanded from 28 to 32 platforms, with plans for new Brownfield and Greenfield facilities. GRSE is also exploring commercial shipbuilding for exports and developing autonomous vessels.

Business Update Neutral

2026-05-12 18:46

Garden Reach Shipbuilders & Engineers Ltd. informed the exchanges that the audio recording of the Investor/Analyst Conference Call for Q4 & FY26, held on May 12, 2026, to discuss the audited financial results, has been uploaded on the company's website at https://grse.in/investor-presentations/.

Business Update Neutral

2026-05-07 10:16

Garden Reach Shipbuilders & Engineers Ltd. announced a revised schedule for its Q4 & FY26 Investors/Analyst Conference Call. Originally set for May 8, 2026, the call to discuss audited financial results has been rescheduled to Tuesday, May 12, 2026, at 3:30 P.M. due to unavoidable circumstances. Management will provide commentary on the results and future outlook.

Routine Neutral

2026-05-05 15:17

New Filing detected. See link for details.

Governance Neutral

2026-04-30 18:24

Garden Reach Shipbuilders & Engineers Ltd. informed about the superannuation of Cdr Harish Kumar, General Manager (RO - Delhi), who will cease to hold office in the company effective May 1, 2026.

Governance Neutral

2026-04-30 18:09

Garden Reach Shipbuilders & Engineers Ltd. announced the appointment of Shri Dinesh Mahur as the Part-Time Official Director (Government Nominee Director) on its Board, effective April 27, 2026. He replaces Shri Rajeev Prakash, who relinquished the office.

Governance Neutral

2026-04-30 13:23

Garden Reach Shipbuilders & Engineers Ltd. announced the appointment of Shri Dinesh Mahur, Additional Secretary in the Department of Defence Production, Ministry of Defence, as a Part-Time Official Director (Government Nominee Director) on its Board of Directors, effective April 30, 2026.

Financials Positive

2026-04-28 19:18

Consolidated Revenue ₹2,119.21Cr vs ₹1,642.04Cr (▲29.06% YoY), EBITDA ₹355.30Cr vs ₹220.71Cr (▲60.98% YoY), PAT ₹303.20Cr vs ₹244.25Cr (▲24.13% YoY). EBITDA Margin 16.77% vs 13.44% (▲333bps). Company also recommended a final dividend of ₹6.70 per equity share.

Financials Positive

2026-04-28 19:06

Standalone Revenue ₹2,119.21Cr vs ₹1,642.04Cr (▲29.06% YoY), EBITDA ₹355.30Cr vs ₹220.71Cr (▲61.00% YoY), PAT ₹303.20Cr vs ₹244.25Cr (▲24.13% YoY). EBITDA Margin 16.76% vs 13.44% (▲332bps). Board recommended a final dividend of ₹6.70 per equity share.

Financials Positive

2026-03-31 16:08

GRSE recorded highest ever annual turnover of ₹6,400 Cr in FY2025-26 vs ₹5,076 Cr in FY2024-25 (▲26.08% YoY), and declared an interim dividend of 129% (up from 89.5% in previous FY).

Governance Neutral

2026-03-31 15:56

Three Senior Managers (Cdr Bhubaneshwar Mishra, Mr. Sujoy Chakravorty, Col Sanjay Anand) are superannuating on March 31, 2026. Cmde Rajiv Sreedharan, Chief General Manager, also resigned on personal/domestic grounds, effective March 31, 2026.

Ownership Neutral

2026-03-26 12:35

Garden Reach Shipbuilders & Engineers Ltd. announced the closure of its trading window for Designated Persons and their relatives from April 1, 2026, for the quarter and year ended March 31, 2026. The window will reopen 48 hours after the declaration of financial results.

Governance Neutral

2026-03-25 16:41

Garden Reach Shipbuilders & Engineers Ltd. informed about a revised effective date for the appointment of Cmde Indrajit Dasgupta, IN (Retd.) as Executive Director (ED). The correct effective date of assumption of charge is 25 Mar 2026, correcting the previously stated 23 Mar 2026.

Governance Positive

2026-03-24 10:49

Cmde Indrajit Dasgupta, IN (Retd.) has been appointed as the Executive Director (ED) of GRSE, effective March 23, 2026. Concurrently, he has resigned from his previous role as Chief General Manager within the company.

Business Update Positive

2026-03-05 17:25

GRSE signed an MoU with Kalyani Strategic Systems Limited on 05 Mar 2026 to jointly develop indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets, reinforcing self-reliance in defence.

Governance Neutral

2026-02-28 10:50

Garden Reach Shipbuilders & Engineers Ltd. informed about the superannuation of Shri Dilip Kumar Jagattar Singh, General Manager (DEP Ranchi Unit). He will cease to hold office effectively from March 01, 2026.

Business Update Positive

2026-02-17 17:37

Transcript of Analysts' Meet for Q3 & 9M FY26 held on Feb 11, 2026, discussing financial performance. Q3 FY26 revenue grew 49% YoY (₹1,896Cr vs ₹1,271Cr) and PAT grew 74% YoY (₹171Cr vs ₹98Cr). Order book stands at ₹18,482Cr as of Dec 31, 2025, and the company won the Next-Generation Corvette order.

Business Update Negative

2026-02-13 17:03

CRITICAL RED FLAG DETECTED

Garden Reach Shipbuilders & Engineers Ltd. received an order on Feb 13, 2026, from Government of West Bengal Commercial Taxes, imposing a penalty of ₹10,19,377 for GST non-compliance related to non-reversal of input tax credit and non-filing of GSTR3B for FY 2018-19. The company states there is no material financial/operational impact and plans to appeal.

Business Update Neutral

2026-02-11 19:53

Garden Reach Shipbuilders & Engineers Ltd. informs about the Analysts' and Brokers' Meet held on February 11, 2026, to discuss financial performance for Q3 and 9M ended December 31, 2025. Audio/video recordings have been uploaded on the company website.

Business Update Positive

2026-02-09 16:32

GRSE signed an MoU with Hindustan Shipyard Limited (HSL) on Feb 09, 2026, to form a consortium. This consortium will bid for a tender issued by Shipping Corporation of India Limited (SCI) for a large-scale national shipbuilding program, aiming to enhance indigenous maritime capabilities.

Business Update Positive

2026-02-07 16:56

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has signed a contract with the Ministry of External Affairs, Government of India, for the 2nd refit of the Seychelles Coast Guard Ship PS Zoroaster. The order is valued at approx. ₹33 Crore and is to be completed within 3 months from February 06, 2026.

Business Update Neutral

2026-02-05 23:37

Garden Reach Shipbuilders & Engineers Ltd. will hold an Analysts' and Brokers' Meet on February 11, 2026, at 04:30 p.m. in Mumbai. The meeting is scheduled to discuss the company's financial performance for Q3 & 9MFY26 and its future outlook.

Financials Positive

2026-01-29 09:46

Operating Revenue ₹1,896Cr vs ₹1,271Cr (▲49% YoY), EBITDA ₹234Cr vs ₹147Cr (▲59% YoY), PAT ₹171Cr vs ₹98Cr (▲74% YoY). EBITDA Margin 12.34% vs 11.56% (▲78bps). The company also declared a 2nd Interim Dividend of ₹7.15 per equity share for FY2025-26.

Business Update Positive

2026-01-28 18:58

Garden Reach Shipbuilders & Engineers Ltd (GRSE) signed a Memorandum of Understanding (MoU) with K2 Cranes & Components Pvt Ltd on January 28, 2026. This MoU is for the design, development, and manufacturing of marine, defence, and shipyard cranes and associated equipment, aiming to diversify its product portfolio and strengthen 'Atmanirbharta'.

Financials Positive

2026-01-28 18:42

Revenue from Operations ₹1,896Cr vs ₹1,271Cr (▲49% YoY), EBITDA ₹234Cr vs ₹147Cr (▲59% YoY), PAT ₹171Cr vs ₹98Cr (▲74% YoY). EBITDA Margin 12.34% vs 11.56% (▲78bps).

Financials Positive

2026-01-28 18:15

Consolidated Revenue ₹1,895.69Cr vs ₹1,271.01Cr (▲49.15% YoY), EBITDA ₹171.93Cr vs ₹75.57Cr (▲127.50% YoY), PAT ₹170.77Cr vs ₹98.19Cr (▲73.93% YoY). EBITDA Margin 9.07% vs 5.95% (▲312bps). The company also declared a 2nd Interim Dividend of ₹7.15 per equity share for FY 2025-26.

Financials Positive

2026-01-28 18:12

Consolidated Revenue ₹1,895.69Cr vs ₹1,271.01Cr (▲49.14% YoY), EBITDA ₹171.93Cr vs ₹75.57Cr (▲127.51% YoY), PAT ₹170.77Cr vs ₹98.19Cr (▲73.92% YoY). EBITDA Margin 9.07% vs 5.95% (▲312bps). Declared 2nd Interim Dividend of ₹7.15 per equity share.

Financials Positive

2026-01-28 18:09

Revenue ₹1895.69Cr vs ₹1271.01Cr (▲49.2% YoY), EBITDA ₹171.93Cr vs ₹75.57Cr (▲127.5% YoY), PAT ₹170.77Cr vs ₹98.19Cr (▲73.9% YoY). EBITDA Margin 9.07% vs 5.95% (▲312bps). The company declared a 2nd Interim Dividend of ₹7.15 per share for FY 2025-26.

Financials Positive

2026-01-28 17:08

Revenue from operations ₹1,895.69 Cr vs ₹1,271.01 Cr (▲49.18% YoY), EBITDA ₹171.93 Cr vs ₹75.57 Cr (▲127.50% YoY), PAT ₹170.77 Cr vs ₹98.19 Cr (▲73.93% YoY). EBITDA Margin 9.07% vs 5.95% (▲312bps). The company also declared a 2nd Interim Dividend of ₹7.15 per share.

GRSE

Garden Reach Shipbuilders & Engineers Limited

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