Rs 22,652 crore order book: Defence Shipbuilding Company Forges Strategic Alliances with Swedish and Danish Marine Leaders
The stock has delivered multibagger returns of over 200 per cent from its 52-week low and a whopping 1,850 per cent in 5 years.
Garden Reach Shipbuilders & Engineers Limited (GRSE), a Government of India Undertaking under the Ministry of Defence, has announced the signing of two significant Memoranda of Understanding (MoUs) during an official delegation visit to Sweden and Denmark. These collaborations are set to bolster GRSE's capabilities in marine engineering and expand its presence in the global maritime market. The disclosures were made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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One of the MoUs was signed with M/s Berg Propulsion, Sweden, a globally recognized leader in the development, manufacturing, and supply of marine propulsion systems. This strategic partnership aims to enhance GRSE's portfolio in the marine equipment market. The collaboration will leverage the combined expertise and technical know-how of both organizations to manufacture propulsion-related equipment and systems, with a particular focus on ongoing and future governmental projects.
Additionally, on June 6, 2025, GRSE entered into an MoU with M/s SunStone, Denmark, a prominent provider of expedition cruise vessels. This agreement lays the groundwork for future cooperation in the domain of expedition cruise vessels.
About the Company
Garden Reach Shipbuilders & Engineers Ltd (GRSE), a Schedule ‘A’ Mini Ratna Category I Company, is a premier Indian warship builder with a rich history dating back to 1884. This Ministry of Defence undertaking has built over 790 platforms, including 110 warships for the Indian Navy, Coast Guard, and foreign navies. From India's first warship, the SDB INS Ajay, to its first export warship, the CGS Barracuda, GRSE's capabilities span a wide range of vessels, including frigates, corvettes, survey vessels, and fast attack craft. The shipyard's commitment to excellence and quality is reflected in its numerous accolades and ongoing infrastructure modernisation.
Garden Reach Shipbuilders & Engineers (GRSE) has announced remarkable financial results for FY25, achieving its highest-ever revenue and profit. Revenue from operations also saw a significant surge, climbing to Rs 5,076 crore in FY25 from Rs 3,593 crore in the previous year, representing a 41 per cent increase. Profit After Tax (PAT) witnessed an impressive 48 per cent growth, rising to Rs 527 crore in FY25 from Rs 357 crore in FY24.
The fourth quarter of FY25 also demonstrated exceptional performance for GRSE. Revenue from operations in Q4FY25 stood at Rs 1,642 crore, a notable 62 per cent increase from the Rs 1,016 crore reported in Q4FY24. Furthermore, the Profit After Tax (PAT) in Q4FY25 soared to Rs 244 crore, exhibiting an extraordinary growth of 118 per cent compared to the Rs 112 crore in Q4FY24.
FIIs bought 1,57,514 shares & DIIs bought 32,672 shares, increasing their stake to 3.85 per cent and 1.90 per cent, respectively, in March 2025 compared to December 2024. The President of India’s portfolio owns 8,53,41,240 shares or 74.50 per cent stake in the company as of March 2025. The order book as of March 31, 2025, stands at Rs 22,652 crore. The stock has delivered multibagger returns of over 200 per cent from its 52-week low and a whopping 1,850 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.