Defence stock with order book higher than its market cap to add to your watchlist

Listed below is one of the leading PSU defence stock that has an order book of Rs. 23,877 crore which is 71 percent higher than its market capitalization of Rs 13,925 crore, check it out.

Share Price Movement

With a market capitalization of Rs. 13,925 Crore, the stock of Garden Reach Shipbuilders & Engineers opened at Rs. 1300 up 0.32 percent from yesterday’s closing price of Rs. 1295.75, and the intraday high of the stock is Rs. 1,314.75 up 1.46 percent. Additionally, the 1-year return for the stock is 45 percent and the 5-year return is an impressive 570 percent.

Order Book & Recent orders

As of December 31, 2024, Garden Reach Shipbuilders & Engineers Ltd (GRSE) has an order book of Rs. 23,877 crore. The company specializes in shipbuilding and also manufactures diesel engines and undertakes engineering projects like steel bridge construction and ship deck machinery production.

Recently the company signed an MOU with Apollo Micro System to power Next-Gen Defence Innovation and Signed a contract for the construction and Delivery of 7,500 DWT Multi-Purpose Vessels (MPV) in Hamburg Germany.

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Financial Highlights

The company reported a 33.69 percent YoY increase in revenue from operations from Rs. 1,004.61 Crore in Q3FY24 to Rs. 1,343.13 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 9.39 percent in revenue from operations from Rs. 1,227.83 Crore in the previous quarter. 

Their Net profit saw an 11.26 percent YoY increase from Rs. 88.25 Crore to Rs. 98.19 Crore for the same period. On a QoQ, basis their net profits saw an increase of a marginal 0.42 percent from Rs. 97.77 Crore for the same period.

About the Company

Garden Reach Shipbuilders & Engineers Ltd (GRSE) is a prominent Indian defense shipyard established in 1884 and headquartered in Kolkata. The company specializes in the design and construction of naval vessels, including frigates, corvettes, and patrol ships, as well as commercial ships like bulk carriers and tankers. 

With a strong focus on indigenous production, GRSE has achieved over 90 percent indigenous content in the ships built for the Indian Navy and Coast Guard.

Written By Abhishek Das

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