Kolkata based company Garden Reach Shipbuilders & Engineers has informed in their recent BSE filing on June 24, 2024 that the company has received an order worth more than Rs 400 crore from a German based shipping firm Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG.
Garden Reach Shipbuilders and Engineers is a PSU company and 74.50% of it is owned by the Government of India. The company has recently signed a contract with a German firm under which the company will design, build and deliver four multi-purpose ships. These ships are primarily designed to carry several large windmill blades on the deck. Its carrying capacity will be 7,500 metric tonnes.
The value of this contract is around $54 million which is approximately ₹448 crores in Indian currency. If we talk about the completion of this project, then it is expected to be executed within the next 3 years.
Garden Reach Shipbuilders Shares Surged More Than 250% Within A Year
Garden Reach Shipbuilders stock has risen more than 100% in just two months, 143% in six months, and 155% in nine months. In the last 12 months, it has given more than 250% return.
| Period | Closing | Growth | Returns on ₹1 Lakh |
| 1M | ₹1,421.55 | 49.50% | ₹149,502 |
| 2M | ₹1,001.20 | 112.27% | ₹212,270 |
| 3M | ₹776.90 | 173.56% | ₹273,555 |
| 4M | ₹800.85 | 165.37% | ₹265,374 |
| 5M | ₹905.20 | 134.78% | ₹234,782 |
| 6M | ₹871.15 | 143.96% | ₹243,959 |
| 7M | ₹829.45 | 156.22% | ₹256,224 |
| 8M | ₹763.50 | 178.36% | ₹278,356 |
| 9M | ₹835.00 | 154.52% | ₹254,521 |
| 10M | ₹803.20 | 164.60% | ₹264,598 |
| 11M | ₹607.85 | 249.63% | ₹349,634 |
| 12M | ₹581.10 | 265.73% | ₹365,729 |
In the last 12 months, it has increased investors’ money more than three times. If you had invested ₹ 1 lakh in it 12 months ago, the value of those shares would have increased to ₹3.65 lakh today.
Garden Reach Shipbuilders Shares Soars 145% in 2024 YTD
Garden Reach Shipbuilders’ share price was trading in ₹873.80 per share in January and today it is trading at ₹2,143.45 representing a total gain of 145% in 2024 YTD.
| Month | Opening | Closing | Gain/ Fall |
| Jan | ₹873.80 | ₹930.95 | 6.54% |
| Feb | ₹920.10 | ₹813.75 | -11.56% |
| Mar | ₹817.85 | ₹764.70 | -6.50% |
| Apr | ₹807.40 | ₹989.05 | 22.50% |
| May | ₹990.65 | ₹1,369.40 | 38.23% |
| Jun | ₹1,417.35 | ₹2,143.45 | 46.69% |
| Total Returns in 2024 | 145.30% | ||
₹1 Lakh Became ₹20 Lakh Since Listing
In the table below you can check the company’s absolute returns and CAGR growth from listing. You can also check that if someone has invested a lump sum of Rs 1 lakh then what is the value of those Rs 1 lakh worth of shares today…
| Period | Growth | Returns on ₹1 Lakh | CAGR |
| 1Y | 270.25% | ₹370,246 | 270.25% |
| 2Y | 853.26% | ₹953,257 | 208.75% |
| 3Y | 946.45% | ₹1,046,449 | 118.73% |
| 4Y | 915.58% | ₹1,015,577 | 78.52% |
| 5Y | 1710.27% | ₹1,810,265 | 78.46% |
| MAX | 1982.77% | ₹2,082,769 | 70.13% |
- There has been an increase of more than 250 percent in a year. If we look at the performance of the last two years, it has shown a rise of of more than 850%.
- In the past three years, Garden Reach Shipbuilders has increased investors’ money by more than 10 times.
- For investors who invested Rs 1 lakh in Garden Reach Shipbuilders five years ago, the value of those ₹1 lakh shares has grown to ₹18 lakh.
- The CAGR growth of Garden Reach Shipbuilders for the last 5 years is 78.46% and since the listing is 70.13%.
Garden Reach Shipbuilders Shares Performance & Return (Year-wise)
In the table below you can check the Garden Reach Shipbuilders’ return or performance year by year from listing to date.
| Year | Open | Close | Gain/ Fall |
| 2024 | ₹873.80 | ₹2,143.45 | 145.30% |
| 2023 | ₹480.35 | ₹873.25 | 81.79% |
| 2022 | ₹223.75 | ₹484.70 | 116.63% |
| 2021 | ₹201.85 | ₹223.35 | 10.65% |
| 2020 | ₹198.60 | ₹194.40 | -2.11% |
| 2019 | ₹92.45 | ₹198.85 | 115.09% |
| 2018 | ₹103.30 | ₹92.75 | -10.21% |
Since listing, the Garden Reach Shipbuilders’ shares have not seen any major decline on an annual basis. Apart from this, since 2018 till now, it has given an annual return of 100% and more than 100% four times.
About the Company
Garden Reach Shipbuilders and Engineers Limited is the country’s one of leading shipbuilding PSU company and comes under the Ministry of Defense. The company mainly serves the Indian Navy and the Indian Coast Guard. It is also the country’s first company to export warships.
The company has 3 different shipbuilding facilities and 89% of its revenue comes from the shipbuilding segment and the rest from other segments. The company currently has an order book of Rs 23,000 crore.
| Market Cap | ₹ 23,914 Cr. |
| Current Price | ₹ 2,088 |
| High / Low | ₹ 2,099 / 559 |
| Intrinsic Value | ₹ 878 |
| Book Value | ₹ 146 |
| Face Value | ₹ 10.0 |
| ROCE | 28.4 % |
| ROE | 23.1 % |
| PEG Ratio | 2.53 |
| EPS | ₹ 31.2 |
| P/B Value | 14.3 |
| Dividend Yield | 0.37 % |
| Stock P/E | 66.9 |
| Industry PE | 74.6 |
| OPM | 6.52 % |
| Quick Ratio | 0.65 |
| Debt | ₹ 65.7 Cr. |
| Debt to equity | 0.04 |
| Current liabilities | ₹ 8,456 Cr. |
| Current assets | ₹ 9,446 Cr. |
| NCAVPS | ₹ 91.3 |
| Return on Assets | 3.40 % |
| Reserves | ₹ 1,559 Cr. |
| Cash Equivalents | ₹ 3,720 Cr. |
| Inventory | ₹ 3,984 Cr. |
Garden Reach Shipbuilders Shown strong financial performance in last Quarter
Garden Reach Shipbuilders experienced positive growth in net sales, net profit, EBITDA, and EPS as compared to the same quarter last year, indicating strong financial performance in the specified period.
| Item | YOY | Mar 2024 | Dec 2023 | Mar 2023 |
| Sales | ⇡69% | 1016 | 923 | 601 |
| EBIDT | ⇡343% | 90.6 | 48.7 | 20.4 |
| Net profit | ⇡102% | 112 | 88.2 | 55.3 |
| EPS | ⇡102% | ₹ 9.74 | ₹ 7.70 | ₹ 4.83 |
- Garden Reach Shipbuilders reported net sales of Rs 1016 crore for the quarter, up 69% compared to the same quarter last year (Rs 601 crore in March 2023).
- Net Profit for the quarter ended March 2024 is Rs 112 crore as against Rs 55.3 crore in march 2023, showing a significant growth of 102%.
- EBITDA for March 2024 is Rs 90.6 crore, showing a substantial growth of 343% from Rs 20.4 crore recorded in the same quarter last year.
- Earnings Per Share (EPS) increased from Rs 4.83 in March 2023 to Rs 9.74 in March 2024. EPS is a measure of a company’s profitability per outstanding share of its common stock.
Last 5 Years Profit & Loss Statement of Garden Reach Shipbuilders
| Year | Sales | Profit | OPM |
| Mar 2020 | 1,433.00 | 163 | 3% |
| Mar 2021 | 1,141.00 | 153 | 7% |
| Mar 2022 | 1,754.00 | 190 | 8% |
| Mar 2023 | 2,561.00 | 228 | 6% |
| Mar 2024 | 3,593.00 | 357 | 7% |
Last 10 Years Compounded Sales and Profit Growth of Garden Reach Shipbuilders
| Period | Sales Growth | Profit Growth |
| 10 Years | 8% | 12% |
| 5 Years | 21% | 26% |
| 3 Years | 47% | 31% |
| TTM | 40% | 63% |
- Compound sales growth is 47%, profit growth is 31% and the stock has grown at 289.70% CAGR over the last three years.
- Compound sales have grown at 21% and profits at 26% percent over the last 5 years and the stock has grown at a CAGR of 181.92%.
- The combined sales growth for the last 10 years is 8% and profit growth is 12%.
Garden Reach Shipbuilders Shareholding Pattern
| Period | Promoters | FIIs | DIIs | Public |
| Mar 2022 | 74.50% | 1.55% | 10.68% | 13.27% |
| Mar 2023 | 74.50% | 2.68% | 7.91% | 14.91% |
| Jun 2023 | 74.50% | 3.11% | 7.46% | 14.93% |
| Sep 2023 | 74.50% | 3.34% | 5.96% | 16.20% |
| Dec 2023 | 74.50% | 2.86% | 6.03% | 16.61% |
| Mar 2024 | 74.50% | 3.26% | 6.14% | 16.10% |
- The promoters of the company hold 74.50% stake and have not bought or sold any shares in the last 2 years.
- In the last 2 years, FII has increased its stake in the company by 1.71%. In March 2022, FII’s stake was 1.55% which has now increased to 3.26% in March 2024.
- However, in the last 2 years, DII has reduced its stake in the company by 4.54%. While DII’s stake in the company was 10.68% in March 2022, now in March 2024 it has come down to 6.14%.
Disclaimer: This article is for informational purposes only and should not be considered any investment advice.