Rs 22,650 Crore Order Book: Shipping Company Secures Order Worth Rs 21 million USD from Ministry of Defence, Bangladesh; FIIs and DIIs Increased Stake!

The company’s shares have delivered an impressive return of over 300 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.

According to the company’s press release, GRSE secured a contract to construct an Advanced Ocean-Going Tug for the Government of Bangladesh, with a timeframe of 24 months. The contract is valued at approximately USD 21 million.

Today, Garden Reach Shipbuilders & Engineers Ltd shares closed at Rs 2307.82 per share. The company’s current market capitalization stands at Rs 26,436.31 crore. The stock has delivered a return of over 185 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.

According to the shareholding pattern, promoters own 74.50 per cent, while FIIs and DIIs own 3.26 per cent and 6.14 per cent, respectively, with the remaining 16.10 per cent held by public or retail investors.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.