FIIs Bought 7,33,133 Shares, Multibagger 180 Per cent Return in Just 3 Months & Rs 22,650 Crore Order Book: Keep This Shipping Stock on Your Radar for Monday!
The company’s shares have delivered an impressive return of over 310 per cent in the past 1 year.
Garden Reach Shipbuilders & Engineers Ltd, a leading shipbuilding company in India under the Ministry of Defence, specializes in building ships for the Indian Navy and Coast Guard. It has a diverse portfolio and was the first Indian shipyard to export warships, having delivered over 100 to the Indian Navy and Coast Guard.
On Friday, Garden Reach Shipbuilders & Engineers Ltd shares closed at Rs 2458.70 per share. The company’s current market capitalization stands at Rs 28163.75 crore. The stock has delivered a multibagger return of over 180 per cent in just 3 months.
As per the Quarterly Results, in the fourth quarter of FY24, Garden Reach Shipbuilders & Engineers Ltd recorded a revenue of Rs 1016 crore. The operating profit for Q4 FY24 stood at Rs 91 crore. The net profit for Q4 FY24 was Rs 112 crore. Looking at the annual performance, the company generated a revenue of Rs 3593 crore in FY24, compared to Rs 2561 crore in FY23. The operating profit for FY24 was Rs 234 crore, with a net profit of Rs 357 crore.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
According to the shareholding pattern of Garden Reach Shipbuilders & Engineers Ltd, promoters own 74.50 per cent, while FIIs and DIIs own 3.91 per cent and 3.20 per cent, respectively, with the remaining 18.38 per cent held by public or retail investors. FIIs stake increased from 3.26 per cent to 3.91 per cent in the June quarter of FY25.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.