GRSE Jumps 4 % as Government Awards Navratna Status

Shares of Garden Reach Shipbuilders & Engineers Ltd climbed on 22 June, touching a day high of Rs 2,934.70 after the government formally granted the Kolkata-based defence shipyard Navratna status.

Think of it as the government handing over the keys. Before this upgrade, GRSE had to seek approval from New Delhi before making large financial decisions.

With Navratna classification, the shipyard can now make bigger investments on its own, expand capacity faster and chase new contracts without waiting in line for government sign-off.

For a company that builds warships for the Indian Navy, that kind of speed matters. The Department of Public Enterprises granted this status on 19 June, recognising GRSE’s financial track record.

Revenue grew nearly fourfold over five years, from Rs 1,754 crore in FY22 to Rs 7,002 crore in FY26. Profit after tax rose from Rs 190 crore to Rs 748 crore over the same period, a jump of roughly 294%.

The numbers behind the badge are hard to ignore. FY26 was also a big year on the delivery front. GRSE handed over eight warships during the year, including the guided-missile frigate Dunagiri, survey vessel Sanshodhak and anti-submarine warfare craft Agray.

Three of these were delivered on a single day, 30 March 2026. PR Hari, Chairman and Managing Director of GRSE, called the Navratna conferment ‘a defining moment in GRSE’s journey and a matter of immense pride for every member of the GRSE family.’

The company is currently running both brownfield and greenfield expansion projects to increase its shipbuilding capacity. At 12:11 pm on NSE, shares were trading up 2.98% at Rs 2,881.70.

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