GRSE.NSE

Garden Reach Shipbuilders & Engineers Ltd.

Kolkata: Defence PSU Garden Reach Shipbuilders and Engineers Ltd (GRSE) on Monday delivered three frontline platforms to the Indian Navy, marking a significant milestone for indigenous defence...

In this briefing: Garden Reach Shipbuilders: India's Warship Builder Enters Its Orderbook Supercycle INDIA SEMICONDUCTOR- Who Is Doing What and How Far Along Are They? TAC Index Weekly Air Cargo Bulletin 09.MARCH.2026 Primer: Symphony Ltd (SYML IN) - Mar 2026 Aequitas: Horizon Industrial Parks Pre-IPO -Integrated Logistics Leader Poised for Structural Growth 1. Garden Reach Shipbuilders: India's Warship Builder Enters Its Orderbook Supercycle Garden Reach Shipbuilders & Engineers (GRSE IN), India's premier warship builder with 115 warships delivered, is a direct play on the country's accelerating naval modernisation and Aatmanirbhar Bharat shipbuilding mandate. With NGC signing expected in FY26 and smaller incremental orders, the orderbook could reach INR 40,000-50,000 cr by FY27 from current 18500 Cr, supporting a 22-26% revenue CAGR through FY28. Key risks include NGC contract signing delays, fixed-price margin pressure on long-duration defence projects, and a potential revenue gap post-FY27 if new orders are not formalised in time. 2.

In this briefing: Garden Reach Shipbuilders: India's Warship Builder Enters Its Orderbook Supercycle MEC CO., LTD (4971 JP): RESEARCH UPDATE Primer: Venture Corp (VMS SP) - Mar 2026 What's news in Amsterdam - 10 March (Shell Oryzon Genomics — Refreshed outlook with near-term catalysts 1. Garden Reach Shipbuilders: India's Warship Builder Enters Its Orderbook Supercycle Garden Reach Shipbuilders & Engineers (GRSE IN), India's premier warship builder with 115 warships delivered, is a direct play on the country's accelerating naval modernisation and Aatmanirbhar Bharat shipbuilding mandate. With NGC signing expected in FY26 and smaller incremental orders, the orderbook could reach INR 40,000-50,000 cr by FY27 from current 18500 Cr, supporting a 22-26% revenue CAGR through FY28. Key risks include NGC contract signing delays, fixed-price margin pressure on long-duration defence projects, and a potential revenue gap post-FY27 if new orders are not formalised in time. 2. MEC CO., LTD (4971 JP): RESEARCH UPDATE MEC (4971 JP) reported FY25 (Dec year-end) OP of ¥5,748mil (+26.0% YoY) on sales of ¥20,947mil (+14.9% YoY), surpassing the firm’s guidance of OP of ¥5,500mil (+20.5% YoY) on sales of ¥20,300mil (+11.3% YoY).

GRSE share price: Garden Reach Shipbuilders & Engineers signed an MoU with Kalyani Strategic Systems, a Bharat Forge subsidiary, to jointly develop indigenous naval and maritime defence technologies. The collaboration will focus on ship propulsion systems, unmanned platforms and advanced maritime solutions for domestic and global markets, supporting India’s defence indigenisation efforts.