Market Mogul

  Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a venerable entity in the shipbuilding industry, founded in 1884 and headquartered in Kolkata, India. The company is making significant strides in expanding its global presence, aligning with the Indian government’s ‘Make in India - Make for World’ initiative. GRSE specializes in constructing state-of-the-art warships for the Indian Navy and Coast Guard and is aggressively pursuing international business opportunities, including complex commercial platforms. Impressive Financial Performance In the fiscal year 2023-2024, GRSE reported robust financial growth with a revenue of  ₹ 3,592.6 crore, marking a 40% increase from the previous year. The company’s profit after tax rose by 57% to 357.3 crore, and its EBITDA stood at  ₹ 533.7 crore. This financial health is reflected in its market capitalization of  ₹ 29,419.8 crore and a substantial stock price increase of 328.4% over the past year. Technical Indicat...