Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Garden Reach Shipbuilders & Engineers Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 601 | 756 | 898 | 923 | 1,016 | 1,010 | 1,153 | 1,271 | 1,642 | 1,310 | 1,677 | 1,896 | 2,119 |
| Expenses + | 581 | 710 | 849 | 874 | 925 | 953 | 1,084 | 1,196 | 1,421 | 1,198 | 1,521 | 1,724 | 1,764 |
| Operating Profit | 20 | 46 | 49 | 49 | 91 | 56 | 69 | 75 | 221 | 112 | 156 | 172 | 355 |
| OPM % | 3% | 6% | 5% | 5% | 9% | 6% | 6% | 6% | 13% | 9% | 9% | 9% | 17% |
| Other Income + | 70 | 71 | 72 | 82 | 76 | 74 | 75 | 72 | 114 | 73 | 69 | 62 | 71 |
| Interest | 4 | 5 | 2 | 1 | 3 | 4 | 2 | 2 | 1 | 6 | 4 | 4 | 3 |
| Depreciation | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 10 | 12 | 12 | 12 | 13 |
| Profit before tax | 76 | 102 | 107 | 119 | 153 | 115 | 131 | 134 | 324 | 167 | 209 | 218 | 411 |
| Tax % | 28% | 25% | 25% | 26% | 27% | 24% | 25% | 27% | 25% | 28% | 27% | 22% | 26% |
| Net Profit + | 55 | 77 | 81 | 88 | 112 | 87 | 98 | 98 | 244 | 120 | 154 | 171 | 303 |
| EPS in Rs | 4.83 | 6.69 | 7.05 | 7.70 | 9.74 | 7.61 | 8.53 | 8.57 | 21.32 | 10.49 | 13.43 | 14.91 | 26.47 |
Financials of Garden Reach Shipbuilders & Engineers Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,562 | 1,657 | 921 | 1,347 | 1,386 | 1,433 | 1,141 | 1,754 | 2,561 | 3,593 | 5,076 | 7,002 |
| Expenses + | 1,500 | 1,565 | 1,082 | 1,362 | 1,344 | 1,391 | 1,060 | 1,613 | 2,412 | 3,357 | 4,654 | 6,207 |
| Operating Profit | 62 | 92 | -161 | -15 | 42 | 42 | 81 | 141 | 149 | 235 | 422 | 795 |
| OPM % | 4% | 6% | -17% | -1% | 3% | 3% | 7% | 8% | 6% | 7% | 8% | 11% |
| Other Income + | 61 | 191 | 217 | 179 | 169 | 215 | 165 | 154 | 202 | 300 | 335 | 274 |
| Interest | 6 | 4 | 9 | 8 | 5 | 3 | 10 | 2 | 7 | 13 | 11 | 16 |
| Depreciation | 27 | 28 | 27 | 29 | 27 | 30 | 29 | 36 | 39 | 41 | 42 | 49 |
| Profit before tax | 90 | 252 | 20 | 128 | 179 | 224 | 207 | 257 | 305 | 481 | 703 | 1,005 |
| Tax % | 43% | 35% | 43% | 28% | 39% | 27% | 26% | 26% | 25% | 26% | 25% | 26% |
| Net Profit + | 52 | 164 | 11 | 92 | 110 | 163 | 153 | 190 | 228 | 357 | 527 | 748 |
| EPS in Rs | 41.77 | 132.79 | 9.26 | 8.07 | 9.60 | 14.27 | 13.40 | 16.55 | 19.91 | 31.19 | 46.04 | 65.29 |
| Dividend Payout % | 48% | 15% | 472% | 55% | 72% | 50% | 37% | 35% | 31% | 30% | 30% | 30% |
Financials of Garden Reach Shipbuilders & Engineers Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 124 | 124 | 124 | 115 | 115 | 115 | 115 | 115 | 115 | 115 | 115 | 115 |
| Reserves | 883 | 1,013 | 959 | 907 | 924 | 926 | 1,023 | 1,143 | 1,299 | 1,559 | 1,965 | 2,512 |
| Borrowings + | 0 | 0 | 25 | 0 | 0 | 0 | 4 | 11 | 312 | 66 | 10 | 37 |
| Other Liabilities + | 2,994 | 3,317 | 3,458 | 3,302 | 3,152 | 4,355 | 5,656 | 6,374 | 9,057 | 8,524 | 8,274 | 7,973 |
| Total Liabilities | 4,001 | 4,454 | 4,567 | 4,323 | 4,191 | 5,395 | 6,797 | 7,643 | 10,783 | 10,263 | 10,362 | 10,636 |
| Fixed Assets + | 366 | 344 | 358 | 389 | 302 | 304 | 340 | 501 | 508 | 493 | 515 | 584 |
| CWIP | 11 | 22 | 23 | 16 | 34 | 52 | 151 | 10 | 6 | 25 | 28 | 16 |
| Investments | 0 | 0 | 0 | 0 | 2 | 54 | 826 | 197 | 234 | 0 | 0 | 0 |
| Other Assets + | 3,624 | 4,088 | 4,185 | 3,918 | 3,852 | 4,986 | 5,480 | 6,936 | 10,036 | 9,746 | 9,819 | 10,036 |
| Total Assets | 4,001 | 4,454 | 4,567 | 4,323 | 4,191 | 5,395 | 6,797 | 7,643 | 10,783 | 10,263 | 10,362 | 10,636 |
Financials of Garden Reach Shipbuilders & Engineers Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -74 | -112 | 628 | 515 | -356 | 1,450 | -707 | 16 | -290 | |||
| Cash from Investing Activity + | 267 | 198 | 245 | -1,173 | 429 | -1,666 | 1,056 | 170 | 527 | |||
| Cash from Financing Activity + | -193 | -89 | -153 | -62 | -72 | 220 | -358 | -187 | -223 | |||
| Net Cash Flow | 0 | -3 | 720 | -720 | 0 | 4 | -9 | -1 | 13 | |||
| Free Cash Flow | -124 | -164 | 560 | 351 | -411 | 1,408 | -755 | -51 | -367 | |||
| CFO/OP | 748% | -564% | 1,200% | 701% | -204% | 1,023% | -248% | 45% | -4% |
Financials of Garden Reach Shipbuilders & Engineers Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 37 | 34 | 79 | 55 | 58 | 136 | 57 | 31 | 7 | 20 | 19 | 64 |
| Inventory Days | 334 | 236 | 383 | 727 | 168 | 1,590 | 606 | 458 | 662 | 648 | 368 | 306 |
| Days Payable | 202 | 190 | 290 | 968 | 177 | 1,922 | 592 | 159 | 266 | 161 | 119 | 164 |
| Cash Conversion Cycle | 170 | 79 | 172 | -186 | 48 | -196 | 71 | 330 | 404 | 507 | 267 | 205 |
| Working Capital Days | -1,124 | -388 | -705 | -468 | -392 | -533 | -1,012 | -660 | -546 | -276 | -169 | -81 |
| ROCE % | 10% | 24% | 3% | 12% | 18% | 22% | 21% | 20% | 20% | 27% | 37% | 43% |