Is GRSE the next big Defence stock?

GRSE (Garden Reach Shipbuilders & Engineers Ltd.) is a leading public sector Defence shipyard under the Ministry of Defence, India. It builds warships, patrol vessels, and other naval craft.

What is GRSE?

– Defence Shipbuilding – Engineering Products – Portable Steel Bridges – Retrofit & Repairs for Navy

Core Business Heading:

– Delivered 5 warships to the Indian Navy in 2024 – Working on Next-Gen Corvette Projects – Order book above ₹25,000 Cr

Recent Highlights:

The stock has surged over 80% in the past 1 year, supported by strong order flow and defence push in Union Budget 2025.

GRSE Share Price Trend:

– Revenue: ₹3,020 Cr – Net Profit: ₹420 Cr – EBITDA Margin: 14% – EPS: ₹36.5

GRSE Financial Performance (FY24):

– Govt. of India: 74.5% – Public & FIIs: 25.5% – Strong institutional interest due to defence exposure.

Who Owns GRSE?

– Make in India & Defence Procurement boost. – Export potential to friendly nations. – Expansion in non-defence engineering segment.

What’s Fueling Growth?

– Govt. of India: 74.5% – Public & FIIs: 25.5% – Strong institutional interest due to defence exposure.

Who Owns GRSE?

– Govt policy dependence. – Project delays or cost overruns. – Fluctuations in defence budget allocations.

Key Risks.

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