GRSE Stock Jumps 20% on Record ₹6,400 Crore Revenue

The trading price of Garden Reach Shipbuilders & Engineers Limited (GRSE) is surging.

On Wednesday, the shares of the Indian warship building company soared to ₹2,367.30, up by nearly 20% from the previous closing price of ₹1,972.80. At the time of writing, the stock is changing hands for ₹2,347.00, up by 8.95% over the past five trading days.

Highest Annual Revenue in GRSE’s History

GRSE is seeing significant gains after reporting record operational performance. In a statement dated March 26, the firm says it just recorded its highest annual revenue in its history.

The Kolkata-based company says that its provisional and unaudited turnover for FY 2025-26 reached ₹6,400 crore, up from ₹5,076 crore in FY 2024–25. The shipbuilder also declared an interim dividend at 129% of paid-up share capital.

Milestones in Shipbuilding

GRSE says it saw key milestones in naval shipbuilding during the financial year with the commissioning of five vessels: INS Himgiri, INS Ikshak, INS Arnala, INS Androth and INS Anjadip.

The company says it likewise delivered eight ships to the Indian Navy and is currently in the advanced stages of concluding a contract for the construction of five next generation Corvettes.

“Marking a significant year in execution and delivery, GRSE delivered a total of eight vessels to the Indian Navy during FY 2025–26, comprising two Project 17A (P17A) frigates, two Survey Vessel Large (SVL) ships and four Anti-Submarine Warfare Shallow Water Crafts (ASW-SWC),” GRSE says. 

“Notably, these delivery milestones include the simultaneous delivery of three warships—Dunagiri, Sanshodhak and Agray—to the Indian Navy on the

same day.”

Beyond Warship Construction

GRSE is also expanding its portfolio to include acoustic, coastal and ocean

research ships, hybrid ferries and other commercial vessels. It says it already achieved significant progress in the construction of 12 export vessels for a German client and a dredger for a foreign country.