Garden Reach Shipbuilders & Engineers Ltd
About
Garden Reach Shipbuilders & Engineers Limited (GRSE), established on February 26, 1934, is a Government of India undertaking under the Ministry of Defence. Headquartered in Parganas South, West Bengal, the company is led by Cmde PR Hari, IN (Retd.), Chairman & Managing Director.GRSE is a leading shipbuilding company, specializing in the construction of warships and vessels for the Indian Navy and Coast Guard. The shipyard has m three ship production locations in Kolkata. The company hasover 90% indigenous content in Anti-Submarine Warfare Corvettes and Landing Craft Utility Ships.Beyond shipbuilding, GRSE has supplied over 5,300 Portable Steel Bridges to the Indian Army, Border Roads Organisation (BRO), State PWDs, and Central Governments. These disaster management bridges have also been exported to Bhutan, Nepal, Myanmar, and Sri Lanka.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3898 41.3% | 2758 44.0% | 1915 45.6% | 1315 -21.9% | 1683 7.4% | 1567 2.7% | 1525 35.0% | 1130 -38.9% | 1849 14.1% | 1621 -4.8% | 1702 5.8% | 1610 20.5% | 1336 16.1% | 1151 18.5% | 971 25.3% | 775 - |
| Net Operating Income (INR Cr) | 3593 40.27% | 2561 45.98% | 1754 53.79% | 1141 -20.40% | 1433 3.38% | 1386 2.87% | 1348 46.35% | 921 -44.43% | 1657 6.11% | 1562 -3.04% | 1611 5.69% | 1524 18.09% | 1291 139.69% | 538 28.40% | 419 -43.02% | 736 33.62% |
| Profit (INR Cr) | 357 56.6% | 228 20.4% | 190 23.5% | 153 -6.1% | 163 48.7% | 110 19.0% | 92 705.6% | 11 -93.0% | 164 217.9% | 52 -55.6% | 117 -11.5% | 132 22.0% | 108 -6.6% | 116 1.1% | 114 121.5% | 52 - |
| Assets (INR Cr) | 1839 0.9% | 1823 33.5% | 1366 11.0% | 1231 9.2% | 1128 1.6% | 1110 1.9% | 1090 -3.3% | 1128 -2.2% | 1153 12.7% | 1023 4.1% | 982 10.0% | 893 13.1% | 790 15.6% | 683 14.6% | 596 12.0% | 533 - |
| Net Worth (INR Cr) | 1673 18.4% | 1414 12.4% | 1258 10.6% | 1137 9.3% | 1040 0.2% | 1038 1.6% | 1022 -5.7% | 1083 -4.7% | 1137 12.9% | 1007 5.4% | 955 10.1% | 867 13.7% | 763 11.6% | 683 14.6% | 596 16.8% | 511 4.6% |
| Employee Cost (INR Cr) | 349 10.1% | 317 9.2% | 290 7.8% | 269 -9.3% | 297 1.9% | 291 -2.4% | 299 4.5% | 286 -2.0% | 292 0.1% | 291 -8.9% | 320 11.3% | 287 4.0% | 276 6.7% | 259 9.6% | 236 15.3% | 205 - |
| Interest Cost (INR Cr) | 13 | 7 | 2 | 10 | 3 | 5 | 8 | 9 | 4 | 6 | 1 | 1 | 0 | 2 | 9 | 14 |
| Cash & Bank Balance (INR Cr) | 3720 | 4328 | 2558 | 2281 | 2611 | 1989 | 1022 | 1620 | 1853 | 1734 | 448 | 1059 | 686 | 186 | 468 | 755 |
| Total Debt (INR Cr) | 66 | 312 | 11 | 4 | 0 | 0 | 0 | 25 | 0 | 0 | 0 | 0 | 19 | 0 | 0 | 22 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 9.2% | 8.3% | 9.9% | 11.7% | 9.7% | 7.0% | 6.1% | 1.0% | 8.9% | 3.2% | 6.9% | 8.2% | 8.1% | 10.1% | 11.8% | 6.7% |
| Profit As % Of Assets | 19.4% | 12.5% | 13.9% | 12.5% | 14.5% | 9.9% | 8.5% | 1.0% | 14.3% | 5.1% | 11.9% | 14.8% | 13.7% | 16.9% | 19.2% | 9.7% |
| Profit As % Of Networth | 21.4% | 16.1% | 15.1% | 13.5% | 15.7% | 10.6% | 9.1% | 1.1% | 14.5% | 5.1% | 12.2% | 15.2% | 14.2% | 16.9% | 19.2% | 10.1% |
| Interest Cost to EBITDA % | 5.4% | 4.6% | 1.4% | 16.5% | 9.2% | 12.8% | - | - | 4.8% | 9.3% | 0.5% | 0.7% | 0.1% | 2.7% | 21.0% | 398.0% |
| Debt to Equity Ratio | 0.04 | 0.22 | 0.01 | 0.00 | - | - | - | 0.02 | - | - | - | - | 0.02 | - | - | 0.04 |
| RONW | 23.1% | 17.1% | 15.8% | 14.1% | 15.7% | 10.7% | 8.8% | 1.0% | 15.3% | 5.3% | 12.8% | 16.2% | 14.9% | 18.1% | 20.7% | 10.3% |
| ROCE | 27.0% | 19.6% | 20.0% | 18.4% | 20.3% | 16.7% | 12.2% | 2.6% | 23.5% | 9.6% | 19.4% | 23.2% | 23.0% | 25.7% | 24.7% | 19.8% |