Garden Reach Shipbuilders & Engineers Ltd Share Price Target 2024, 2025 to 2030

Garden Reach Shipbuilders & Engineers Ltd (GRSE), established in 1884, started as a small workshop for vessel repairs. Registered in 1934 as Garden Reach Workshops Limited, GRSE played a significant role during World War II, repairing over 4000 vessels. In 1960, the Government of India took over, and in 1961, GRSE built India’s first warship, the INS Ajay, for the Indian Navy. The company has since built over 785 platforms, including 100+ warships for various clients, making it India’s leading warship builder.

GRSE was designated as a Miniratna Category I Company in 2006. It is ISO-certified and renowned for its shipbuilding infrastructure, Virtual Reality Lab, and experienced design team. The shipyard can construct 20 ships concurrently and has won numerous awards, including the Raksha Mantri Award and the Defence Minister’s Award. GRSE also diversifies into engineering, producing pre-fabricated steel bridges and deck machinery, and overhauling marine diesel engines.

Shareholding Patterns

From March 2023 to March 2024, the shareholding pattern of the company remained relatively stable, with promoters consistently holding 74.50% of the shares. Foreign Institutional Investors (FIIs) saw a slight increase in their holdings from 2.68% in March 2023 to 3.26% in March 2024. Domestic Institutional Investors (DIIs) experienced fluctuations, starting at 7.91% in March 2023, dropping to 5.96% in September 2023, and slightly recovering to 6.14% by March 2024. Public shareholding showed a gradual increase from 14.91% in March 2023 to 16.10% in March 2024. The number of shareholders grew significantly, from 60,638 in March 2023 to 1,25,631 in March 2024, indicating rising interest from the public.

Recent Achievements of GRSE

• Delivered 108 warships since 1960, the only Indian shipyard to achieve this milestone.
• Received Raksha Mantri’s Award 2022 for Excellence in Defence & Aerospace for designing a silent ship for anti-submarine warfare.
• Awarded Defence Minister’s Award of Excellence for designing an Offshore Patrol Vessel (OPV) for Mauritius.
• Recognized by DSIR for its Design and R&D unit under the Ministry of Science and Technology.
• Profit-making and dividend-paying company for 29 consecutive years.
• First defence shipyard in India to be listed on stock exchanges.
• Achieved 90% indigenous content on ASW corvettes and Landing Craft Utility (LCU) vessels.
• Secured order to build next-generation electric ferry for West Bengal government.
• Green Channel Certification by DGQA for supplying Bailey-type portable steel bridges to Indian Army.
• Developed double lane portable steel bridge and portable assault bridge for the first time in India.
• Exported warship SCG PS Zoroaster to Seychelles Coast Guard and MV Ma Lisha ferry to Guyana.
• Named Best Performing Defence Shipyard of India for four consecutive years.
• Received awards for R&D, CSR, corporate governance, HR practices, communication outreach, digital transformation, and organizational efforts.
• Launched GRSE Accelerated Innovation Nurturing Scheme (GAINS) to support Indian startups.

How to Purchase GRSE Shares in India?

Below are the trading platforms that you can use to purchase GRSE shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

GRSE Share Price Target 2024 – 2030

GRSE Share Price Target 2024

In 2024, Garden Reach Shipbuilders & Engineers Ltd (GRSE) is projected to experience varying stock prices from July to December. Starting in July, GRSE’s stock is expected to fluctuate between a maximum price of ₹2,397.60 and a minimum of ₹2,084.87. As the year progresses into August, the maximum price is anticipated to rise to ₹2,493.51, with a minimum of ₹2,168.27. September could see further fluctuations, with GRSE’s stock ranging from a maximum of ₹2,593.25 to a minimum of ₹2,255.00. Moving into October and November, the stock prices are forecasted to reach peaks of ₹2,542.40 and ₹2,644.10, respectively, while maintaining minimum prices around ₹2,210.78 and ₹2,299.21. By December 2024, GRSE’s stock is expected to achieve a maximum price of ₹2,670.54, with a minimum projected at ₹2,322.21.

GRSE Share Price Prediction 2025

GRSE Share Price Target 2026

GRSE Share Price Target 2027

GRSE Share Price Target 2028

GRSE Share Price Prediction 2029

GRSE Share Price Prediction 2030

In 2030, Garden Reach Shipbuilders & Engineers Ltd (GRSE) is expected to see fluctuating stock prices. Starting with January’s projected range from ₹6,651.88 to ₹5,116.83, the year progresses with varying highs and lows. February and March could see peaks of ₹6,822.44 and ₹7,088.51, with corresponding lows around ₹5,248.03 and ₹5,452.70. April to June might range between ₹6,949.52 and ₹7,050.73, with lows near ₹5,345.79 and ₹5,423.64. July and August are forecasted with ranges between ₹6,912.48 and ₹7,126.27 for highs, and ₹5,317.29 and ₹5,481.74 for lows. By September and October, highs could reach ₹7,375.69 and ₹7,567.45, with lows anticipated around ₹5,673.60 and ₹5,821.12. November may peak at ₹7,756.64, with a minimum near ₹5,966.65. December is projected to reach a peak of ₹7,950.56, with a minimum around ₹6,115.81. These forecasts reflect potential market dynamics influencing GRSE’s stock performance in 2030.

Financial Condition of GRSE: Last 5 Years

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has shown a robust financial performance from March 2020 to March 2024. The company experienced consistent growth in sales, increasing from ₹1,433 crores to ₹3,593 crores over the period, alongside a corresponding rise in expenses reflecting its expanding operational scale. Despite fluctuations, the operating profit margin stabilized around 7%, supported by efficient cost management. Other income saw notable increases, contributing to a steady growth trajectory in profit before tax, which rose from ₹224 crores to ₹481 crores. Net profit also showed significant growth, climbing from ₹163 crores to ₹357 crores, accompanied by a rise in earnings per share (EPS) from ₹14.27 to ₹31.19. The dividend payout percentage decreased from 50% to 25%, indicating a strategic approach to balancing shareholder returns with reinvestment for future growth. Overall, GRSE’s financial performance underscores its strong market position and effective financial stewardship in the defence shipbuilding sector.