GRSE Share Price Rises 19%; Records Highest-Ever Turnover of ₹6,400 Crore in FY26; Declares 129% Interim Dividend

Garden Reach Shipbuilders & Engineers Limited has reported its highest-ever annual turnover for FY 2025–26, reaching ₹6,400 crore on a provisional and unaudited basis. This marks a significant increase from ₹5,076 crore recorded in FY 2024–25. 

The shipyard also announced an interim dividend of 129% of paid-up share capital, higher than the 89.5% dividend declared in the previous financial year. 

Major Milestones in Naval Shipbuilding

During FY26, the company achieved several important milestones in shipbuilding by commissioning five vessels. These include INS Himgiri, the first Project 17A advanced frigate, INS Ikshak, the third Survey Vessel (Large), and three Anti-Submarine Warfare Shallow Water Crafts, INS Arnala, INS Androth, and INS Anjadip. 

The year also saw the delivery of 8 vessels to the Indian Navy, including two Project 17A frigates, two Survey Vessel Large ships, and four Anti-Submarine Warfare Shallow Water Crafts. One notable achievement was the simultaneous delivery of 3 warships, Dunagiri, Sanshodhak, and Agray, to the Indian Navy on the same day.

Expansion into Specialised and Export Projects

Beyond complex warship construction, the company has expanded its portfolio to include specialised platforms such as acoustic research vessels, coastal and ocean research ships, hybrid ferries, and other commercial vessels. The shipyard also made significant progress on the construction of 12 export vessels for a German client and a dredger project for a friendly foreign country. 

In addition, the company remains the only defence public sector shipyard in India manufacturing prefabricated steel bridges and recently launched a modular foot suspension bridge capable of spanning up to 400 feet without requiring piers.

Focus on Technology and Strategic Partnerships

To strengthen its technological capabilities, the company inaugurated a Next Generation Virtual Reality Lab and entered strategic collaborations with organisations such as Hindustan Shipyard Limited, Kalyani Strategic Systems Limited, and SWAN Defence & Heavy Industries Limited. The company also continued industry engagement initiatives through the third edition of the GAINS 2025 event.

GRSE Share Price Today

On April 1, 2026, GRSE share price opened at ₹2,065.00. At 12:52 PM, the share price of GRSE was trading at ₹2,360, up by 19.63% on the NSE.

Also Read: Bharat Forge Arm KSSL Signs MoU with GRSE to Boost Indigenous Ship Propulsion Systems!

Conclusion

The strong performance of Garden Reach Shipbuilders & Engineers Limited in FY26 highlights its growing role in India’s defence and maritime ecosystem. With record revenues, major naval deliveries, and continued investments in advanced technologies and strategic partnerships, the shipyard is strengthening its position as a key contributor to India’s defence manufacturing and shipbuilding sector.

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