FIIs Bought 1,57,514 Shares & DIIs Bought 32,672 Shares: Multibagger Defence Shipbuilding Stock Jumps 9.85 Per Cent; Strong Order Book of Rs 23,887 Crore
The stock has delivered multibagger returns of over 100 per cent from its 52-week low and a whopping 1,160 per cent in 5 years.
On Monday, shares of this multibagger defence shipbuilding stock jumped 9.85 per cent to Rs 1,776 per share from its previous closing of Rs 1,616.80 per share. The stock’s 52-week high is Rs 2,833.80 per share and its 52-week low is Rs 881 per share. The shares of the company saw a spurt in volume by more than 9 times on the BSE.
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.
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GRSE demonstrated exceptional financial and operational prowess in FY 2024-25, achieving a record-breaking annual turnover of ₹4,750 crore and declaring a significant interim dividend of 89.5 per cent, exceeding the previous year's 79 per cent. This period was marked by key deliveries, including the INS Nirdeshak, the 110th warship for the Indian Navy, the electric ferry ‘Dheu’, and the USV ‘Jaldoot’. GRSE also significantly bolstered its order book with contracts for an Acoustic Research Ship, an Ocean Research Vessel, 13 Hybrid Ferries, and an international order for eight cargo vessels. Further underscoring its commitment to innovation and excellence, GRSE launched the second edition of its GAINS scheme for startups and garnered 24 prestigious awards across diverse fields.
Additionally, the Board of Directors of Garden Reach Shipbuilders & Engineers Limited (GRSE) approved a long-term, thirty-year non-renewable lease agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK) for a land parcel situated at Timber Pond, Howrah. This strategic move aligns with GRSE's long-term vision to enhance its infrastructure to meet increasing domestic and export demands, and the waterfront access will support their shipbuilding, ship repair, and other engineering activities, although no immediate revenue generation is anticipated from this lease.
FIIs bought 1,57,514 shares & DIIs bought 32,672 shares and increased 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 December 31, 2024, stands at Rs 23,877 crore. The stock has delivered multibagger returns of over 100 per cent from its 52-week low and a whopping 1,160 per cent in 5 years. Investors should keep a close watch on this small-cap shipbuilding stock.
Disclaimer: The article is for informational purposes only and not investment advice.