Garden Reach Shipbuilders & Engineers Limited

NSEI:GRSE Stock Report

Market Cap: ₹172.7b

Garden Reach Shipbuilders & Engineers Valuation

Is GRSE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GRSE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₹199.69
Fair Value
654.9% overvalued intrinsic discount
2
Number of Analysts

Below Fair Value: GRSE (₹1507.45) is trading above our estimate of fair value (₹199.69)

Significantly Below Fair Value: GRSE is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GRSE?

Key metric: As GRSE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GRSE. This is calculated by dividing GRSE's market cap by their current earnings.
What is GRSE's PE Ratio?
PE Ratio44.9x
Earnings₹3.85b
Market Cap₹172.68b

Price to Earnings Ratio vs Peers

How does GRSE's PE Ratio compare to its peers?

The above table shows the PE ratio for GRSE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average90.8x
DATAPATTNS Data Patterns (India)
69x25.4%₹127.7b
APOLLO Apollo Micro Systems
85.6x35.4%₹40.3b
UNIMECH Unimech Aerospace and Manufacturing
114.1xn/a₹66.3b
PARAS Paras Defence and Space Technologies
94.3xn/a₹42.8b
GRSE Garden Reach Shipbuilders & Engineers
44.9x16.1%₹172.7b

Price-To-Earnings vs Peers: GRSE is good value based on its Price-To-Earnings Ratio (44.9x) compared to the peer average (90.8x).

Price to Earnings Ratio vs Industry

How does GRSE's PE Ratio compare vs other companies in the IN Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
GRSE 44.9xIndustry Avg. 72.2xNo. of Companies3PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GRSE is good value based on its Price-To-Earnings Ratio (44.9x) compared to the Indian Aerospace & Defense industry average (72.2x).

Price to Earnings Ratio vs Fair Ratio

What is GRSE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GRSE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.9x
Fair PE Ratio40.4x

Price-To-Earnings vs Fair Ratio: GRSE is expensive based on its Price-To-Earnings Ratio (44.9x) compared to the estimated Fair Price-To-Earnings Ratio (40.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GRSE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,507.45
₹1,149.00
-23.8%
55.2%₹1,783.00₹515.00n/a2
Jan ’26₹1,650.10
₹1,149.00
-30.4%
55.2%₹1,783.00₹515.00n/a2
Dec ’25₹1,679.25
₹1,149.00
-31.6%
55.2%₹1,783.00₹515.00n/a2
Nov ’25₹1,610.50
₹1,303.50
-19.1%
60.5%₹2,092.00₹515.00n/a2
Oct ’25₹1,708.10
₹1,303.50
-23.7%
60.5%₹2,092.00₹515.00n/a2
Sep ’25₹1,811.00
₹738.50
-59.2%
30.3%₹962.00₹515.00n/a2
Aug ’25₹2,350.30
₹738.50
-68.6%
30.3%₹962.00₹515.00n/a2
Jul ’25₹2,306.50
₹738.50
-68.0%
30.3%₹962.00₹515.00n/a2
Jun ’25₹1,369.40
₹738.50
-46.1%
30.3%₹962.00₹515.00n/a2
May ’25₹989.05
₹731.00
-26.1%
31.6%₹962.00₹500.00n/a2
Apr ’25₹807.40
₹731.00
-9.5%
31.6%₹962.00₹500.00n/a2
Mar ’25₹817.85
₹752.50
-8.0%
33.6%₹1,005.00₹500.00n/a2
Feb ’25₹920.10
₹722.50
-21.5%
39.1%₹1,005.00₹440.00n/a2
Jan ’25₹873.80
₹716.50
-18.0%
38.6%₹993.00₹440.00₹1,650.102
Dec ’24₹836.00
₹716.50
-14.3%
38.6%₹993.00₹440.00₹1,679.252
Nov ’24₹735.10
₹651.00
-11.4%
37.5%₹993.00₹440.00₹1,610.503
Oct ’24₹841.10
₹631.33
-24.9%
34.3%₹934.00₹440.00₹1,708.103
Sep ’24₹815.75
₹631.33
-22.6%
34.3%₹934.00₹440.00₹1,811.003
Aug ’24₹624.30
₹503.00
-19.4%
20.4%₹619.00₹370.00₹2,350.303
Jul ’24₹575.30
₹503.00
-12.6%
20.4%₹619.00₹370.00₹2,306.503
Jun ’24₹456.40
₹503.00
+10.2%
20.4%₹619.00₹370.00₹1,369.403
May ’24₹462.50
₹452.50
-2.2%
14.9%₹520.00₹385.00₹989.052
Analyst Price Target
Consensus Narrative from 2 Analysts
₹1.15k
Fair Value
31.2% overvalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/18 23:15
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Garden Reach Shipbuilders & Engineers Limited is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAntique Stockbroking Ltd.
Kameswari V. S. ChavaliFirstCall Research
Chirag ShahICICIdirect.com