Garden Reach Shipbuilders & Engineers Financial Performance Review

Garden Reach Shipbuilders & Engineers has consistently demonstrated a strong financial performance over the years. The company has been able to maintain a steady revenue growth, with a significant increase in sales in recent years.

In terms of profitability, Garden Reach Shipbuilders & Engineers has shown a healthy profit margin, with a net profit of ₹ 121.71 crores in the fiscal year 2020-21. This is a testament to the company's efficient operations and effective management.

The company's financial performance is also reflected in its cash flow management, with a significant improvement in its cash flow from operations in the recent years.

Garden Reach Shipbuilders & Engineers (GRSE) has a long history of designing and building warships and patrol vessels for the Indian Navy and the Coast Guard. As of March 2024, they have built 108 such vessels over the last 63 years.

GRSE has a diverse portfolio of products, including guided-missile frigates, corvettes, fleet tankers, fast patrol vessels, amphibious warfare vessels, and hovercraft. They have built notable warships such as the Aditya-class auxiliary ship and the Brahmaputra-class frigates.

Some of the notable warships built by GRSE include:

In addition to building new vessels, GRSE also undertakes ship refitting operations. They have a long list of notable projects, including refitting the Abhay-class corvette for the Indian Navy.

GRSE has ship building facilities in Kolkata and a diesel engine plant in Ranchi. The shipyard also has a large computer-aided design (CAD) centre for ship modelling and design.

There are four workshops for plate preparation and steel fabrication at GRSE.

GRSE has a dry dock for ships up to 26,000 tonnes deadweight (DWT). This dry dock is a game-changer for the shipyard, allowing it to accommodate larger vessels.

The shipyard has a building berth and two slipways for hull construction. This enables GRSE to construct ships from scratch, efficiently and effectively.

GRSE has a covered all-weather non-tidal wet basin for fitting-out medium and small ships. This facility is ideal for vessels that require precise and delicate work.

There are two river jetties for berthing smaller vessels up to 60 metres (200 ft) in length at GRSE. This provides a convenient and safe place for smaller ships to dock.

GRSE has engine assemble, test, repair and overhaul facilities in Ranchi, which spans 62 acres of land. This facility is a testament to the shipyard's commitment to providing comprehensive services to its clients.

GRSE and Syama Prasad Mookerjee Port, Kolkata (SMPK) have inked a long-term concession agreement. This agreement allows GRSE to operate 3 dry docks, which are situated inside a wet basin.

These docks can accommodate ships up to 160 m length, 20 m beam, and 7 m draught. This is a significant capacity boost for the shipyard.

The wet basin also has multiple berthing facilities for afloat maintenance and refit operations. This means that GRSE can provide a range of services to its clients, from routine maintenance to major overhauls.

GRSE acquired the loss-making Rajabagan Dockyard (RBD) of Central Inland Water Transport Corporation (CIWTC) in 2006. This acquisition helped alleviate some of GRSE's space constraints and increased its production capacity.

The shipyard is undergoing a ₹530 crore (US$62 million) upgrade programme. This upgrade is expected to be completed by March 2012 and will further enhance GRSE's capabilities.

GRSE has a long history of designing and building naval vessels for the Indian Navy and the Coast Guard, with a total of 108 warships and patrol vessels constructed over the last 63 years.

The shipyard has built a variety of vessels, including guided-missile frigates, corvettes, fleet tankers, fast patrol vessels, amphibious warfare vessels, and hovercraft.

One notable class of warships built by GRSE is the Brahmaputra-class frigates.

The shipyard has also constructed several classes of corvettes, including the Khukri-class, Kora-class, and Kamorta-class.

Some of the notable patrol vessels built by GRSE include the Seaward, Trinkat, Bangaram, and Car Nicobar classes.

GRSE has also built Landing Ship Tanks, including the Magar and Shardul classes, as well as Landing craft utility vessels.

The shipyard has also constructed Survey Vessels, including the Sandhayak-class, which was built in 1981.

Here are some of the notable warships built by GRSE:

Currently, GRSE is working on several new projects, including 8 Anti-Submarine Warfare Shallow Water Craft and 3 Project 17A-class frigates.

Garden Reach Shipbuilders & Engineers has consistently shown a strong financial performance over the years. The company has achieved a turnover of ₹1,434.49 crores in 2020-21.

The company's revenue from operations has been steadily increasing, with a growth rate of 12.31% in 2020-21 compared to the previous year. This growth can be attributed to the company's ability to adapt to changing market conditions.

The company's net worth has also seen a significant increase, standing at ₹1,434.49 crores as of 2020-21.

Performance metrics are a crucial aspect of evaluating a company's financial health. GRSE's performance metrics show a PB ratio of 50.32.

The PB ratio is a key indicator of a company's stock performance. A PB ratio of 11.87 is significantly higher than the sector average of 6.25.

GRSE's dividend yield is 0.54%, which is lower than the sector average of 0.66%. This suggests that GRSE is not currently distributing a significant portion of its earnings to shareholders.

Here are the key performance metrics for GRSE and its peers:

Note that GRSE's PB ratio is higher than its peers, while its dividend yield is lower. This suggests that GRSE's stock may be overvalued compared to its peers.

GRSE's revenue has grown at a yearly rate of 20.1% over the last 5 years, outpacing the industry average of 15.4%. This impressive growth has led to an increase in market share from 14.23% to 17.27%.

The company's total revenue has consistently increased, reaching ₹4,746.20 crore in FY 2021. Raw materials costs have also risen, reaching ₹4,158.54 crore in FY 2021.

Employee costs have remained relatively stable, ranging from ₹291.47 crore to ₹348.93 crore over the past 5 years. Selling and administrative expenses have fluctuated, but have generally decreased over time.

Operating and other expenses have increased significantly, reaching ₹680.52 crore in FY 2022. EBITDA has also shown a steady increase, reaching ₹587.66 crore in FY 2022.

Depreciation and amortization costs have increased, reaching ₹42.90 crore in FY 2022. PBIT has also shown a steady increase, reaching ₹544.76 crore in FY 2022.

Interest and other items have fluctuated, but have generally remained low. PBT has shown a steady increase, reaching ₹532.54 crore in FY 2022.

Taxes and other items have increased, reaching ₹137.80 crore in FY 2022. Net income has also shown a steady increase, reaching ₹394.74 crore in FY 2022.

EPS has increased significantly, reaching ₹34.46 in FY 2022. DPS has also increased, reaching ₹9.36 in FY 2022.

Here's a summary of GRSE's income statement over the past 5 years:

The dividend trend of GRSE is quite impressive. Current dividend yield is 0.54%, which means an investment of ₹1,000 in the stock is expected to generate a dividend of ₹5.40 every year.

Looking at the dividend payout ratio, we can see that it has been decreasing over the years, from 0.72 in FY 2018 to 0.27 in FY 2022. This suggests that the company is paying out a smaller portion of its earnings as dividends.

Here's a breakdown of the dividend payout ratio over the years:

The dividend per share (DPS) has also been increasing steadily, from ₹2.00 in FY 2016 to ₹9.36 in FY 2022. This is a clear indication that the company is committed to rewarding its shareholders with regular dividend payments.

The cash dividend ex-date is typically announced around September 15th, as seen in the past dividend record.

GRSE Analyst Ratings & Forecast are available, but no specific numbers are mentioned in the article section.

The current dividend yield is 0.54%, which means an investment of ₹1,000 in the stock is expected to generate a dividend of ₹5.40 every year.

This dividend yield is a good indicator of the stock's potential for regular income, making it a consideration for investors seeking stable returns.

As you research GRSE, one of the key pieces of information to consider is the analyst ratings and forecast. All values in this context are in ₹ Thousand crore, which is a crucial detail to keep in mind.

Analysts have a significant impact on the stock market, and their ratings can influence investor decisions. Analyst ratings for GRSE are available, but it's essential to understand that these ratings can change over time.

To make informed investment decisions, it's vital to stay up-to-date with the latest analyst ratings and forecast for GRSE. This information can be found in various financial reports and analyst publications.

As an investor, it's essential to understand shareholdings and how they impact your investment decisions. Shareholdings refer to the percentage of ownership in a company held by its shareholders.

The type of shareholding that suits you best depends on your investment goals and risk tolerance. For instance, if you're looking for long-term growth, you may prefer to hold a higher percentage of shares.

Shareholders can be categorized into different types, including individual investors, institutional investors, and corporate investors. Individual investors, such as you, can hold shares directly or indirectly through a brokerage account.

Institutional investors, like pension funds and mutual funds, hold a significant portion of a company's shares. Their shareholdings can influence the company's direction and decisions.

As a shareholder, you have voting rights, which allow you to participate in important decisions, such as electing the company's board of directors. The number of votes you have is typically proportional to the number of shares you own.

Shareholdings can be subject to various restrictions, including lock-up periods and trading restrictions. These restrictions are designed to prevent sudden changes in the company's share price.

The total number of shares outstanding in a company is a crucial factor in determining its share price and overall value. This figure is influenced by factors such as share issuance and repurchase programs.

The past dividends of GRSE are a great indicator of the company's financial health and potential for future returns. The current dividend yield is 0.54%.

An investment of ₹1,000 in the stock is expected to generate a dividend of ₹5.40 every year. This is a significant return on investment, especially for those looking for a relatively stable and low-risk option.

GRSE has a history of paying cash dividends, with the most recent ex-date being September 15, 2023. This suggests that the company has a consistent track record of rewarding its shareholders.

If you're considering investing in Garden Reach Shipbuilders & Engineers Ltd, you may also want to take a closer look at its peers in the industry.

Garden Reach Shipbuilders & Engineers Ltd has a PE Ratio of 55.60, which is slightly higher than its peers. Mazagon Dock Shipbuilders Ltd has a PE Ratio of 57.38, while Cochin Shipyard Ltd has a PE Ratio of 50.01.

Knowledge Marine & Engineering Works Ltd, on the other hand, has a lower PE Ratio of 41.52, making it a more attractive option for investors looking for value.

Here's a comparison of the PE Ratios of the four companies:

In terms of dividend yield, Cochin Shipyard Ltd offers the highest yield at 0.65%, followed by Garden Reach Shipbuilders & Engineers Ltd at 0.54%.

GRSE is a company that has analyst ratings and forecasts available. All values for these ratings are in Indian rupees (₹) and are measured in thousands of crores (cr).

Analysts have provided ratings for GRSE, but the specific ratings are not mentioned in the text.

For investors, it's essential to stay informed about the latest stock news and opinions to make informed decisions.

GRSE is classified as a Schedule ‘A’ Mini Ratna Category I company, which speaks to its strong reputation and market position.

Established in 1934, the company has a rich legacy of over 80 years of experience in the shipbuilding industry.

GRSE has built a strong reputation as a premier shipyard in India, specialising in the construction of a wide range of vessels, including naval warships, commercial ships, and specialised vessels for defence and security applications.

As a Defence Public Sector Undertaking (DPSU), GRSE operates under the administrative control of the Ministry of Defence, giving it a unique position in the Indian defence sector.

Its expertise in constructing vessels for defence and security applications has earned GRSE a strong market position, making it a trusted partner for the Indian government.

GRSE has signed a Memorandum of Understanding with PWD (Roads & Bridges), Nagaland for the supply of 08 Sets of Double Lane Modular Steel Bridges in the State of Nagaland.

GRSE has a long history of delivering Modular Bridges to various organizations, including the Border Roads Organisation (BRO), the National Highway Infrastructure Development Corporation Ltd (NHIDCL), and several state governments.

The company has supplied over 5,800 Modular Bridges to date.

GRSE has also signed an Option Agreement with Carsten Rehder for the procurement of four additional Multi-Purpose Vessels.

The contract involves the construction of a total of 8 vessels, with an estimated order value of approximately 108 million USD.

Each of these Multi-Purpose Vessels will measure 120 meters in length, 17 meters in width, and feature a maximum draft of 6.75 meters.

The vessels are designed to carry 7,500 metric tonnes of cargo, accommodating bulk, general, and project cargoes, with containers placed on hatch covers.

GRSE has also delivered Modular Bridges to friendly countries like Bhutan, Nepal, Myanmar, Sri Lanka, and Bangladesh.

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a Defence Public Sector Undertaking (DPSU) under the administrative control of the Ministry of Defence.

Established in 1934, GRSE has a rich history of over 88 years.

GRSE is classified as a Schedule 'A' Mini Ratna Category I company.

As a premier shipyard in India, GRSE has built a strong reputation over the years.

GRSE specialises in the construction of a wide range of vessels, including naval warships, commercial ships, and specialised vessels for defence and security applications.