Garden Reach Shipbuilders & Engineers Ltd
Garden Reach Shipbuilders & Engineers Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company expects continued good momentum in orders, including interest from European clients due to competitive pricing and quality. FY27: Contract for P-17 Bravo expected in Q1; contract completion possible by FY27 year-end, boosting revenue.
From Garden Reach Shipbuilders & Engineers Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company expects continued good momentum in orders, including interest from European clients due to competitive pricing and quality.
- Several commercial shipbuilding projects, including hybrid large-size vessels with attractive margins, are anticipated to commence in the next year or so.
- Revenue from the Next Generation Offshore Patrol Vessel (NGC) project is expected to start in the second half of FY28, with major construction revenue from FY29.
- The order book includes 39 platforms across 9 projects, with steady progress and deliveries planned in the near term.
- Capacity expansion is underway, increasing shipbuilding capacity from 28 to 32 ships by the end of the calendar year, including new greenfield and brownfield facilities.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Garden Reach Shipbuilders & Engineers Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Expansion plans are on track with shipbuilding capacity set to increase from 28 to 32 platforms by end of calendar year.
- Creation of two Brownfield shipbuilding facilities in West Bengal.
- Creation of two Greenfield shipbuilding facilities: one in West Bengal and one in Gujarat.
- These expansions align with the Government's shipbuilding revitalization package worth around INR 69,725 crore.
- Focus on increasing shipbuilding capacity to meet growing commercial shipbuilding demand.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Garden Reach Shipbuilders & Engineers Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at INR 15,324.13 crore, comprising 39 platforms across 9 projects.
- Shipbuilding orders account for about 95% (~INR 14,730 crore).
- Major ongoing projects include:
- P-17 Alpha: INR 5,868 crore remaining (1 ship pending delivery).
- Anti-Submarine Shallow Water Craft: INR 2,035 crore (4 ships pending).
- Next Generation Offshore Patrol Vessel (NGC): INR 5,168 crore.
- Non-defense segment makes up around 22.5% of the order book.
- Expected large orders on the anvil with a total estimated value of INR 1,50,000 crore (excluding NGC):
- P-17 Bravo: 7 ships, order value ~INR 70,000 crore (RFP expected in current quarter).
- Mine Countermeasure Vessel: 12 ships, order value ~INR 32,000 crore.
- Landing Platform Dock (LPD): 4 ships, order value ~INR 35,000 crore.
2 more points management made on order book & pipeline
Garden Reach Shipbuilders & Engineers Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.1K Cr, net profit ₹303 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Garden Reach Sh.'s management said in earlier quarters
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Frequently Asked Questions
What were Garden Reach Shipbuilders & Engineers Ltd Q4 FY26 results?
The company expects continued good momentum in orders, including interest from European clients due to competitive pricing and quality. FY27: Contract for P-17 Bravo expected in Q1; contract completion possible by FY27 year-end, boosting revenue.
What is Garden Reach Shipbuilders & Engineers Ltd share price analysis?
Garden Reach Shipbuilders & Engineers Ltd currently shows a neutral. The stock trades at a P/E of 35.9 with a market cap of ₹28,722 Cr. Investors should review the full earnings analysis for detailed insights.
Is Garden Reach Shipbuilders & Engineers Ltd planning capital expenditure?
Expansion plans are on track with shipbuilding capacity set to increase from 28 to 32 platforms by end of calendar year.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.