GRSE Share Price: Target & Forecast 2025 To 2030

If you invest in the stock market, you must know the GRSE share price targets for 2025, 2026, 2027, 2028, 2029, and 2030. Here, you will get detailed information regarding all your queries, such as its fundamentals, shareholdings, financial performance, future predictions, and more.

GRSE Company Overview

Garden Reach Shipbuilders & Engineers Limited (GRSE), founded in 1884 and headquartered in Kolkata, West Bengal, is one of India’s leading defense shipbuilding companies. It operates under the administrative control of the Ministry of Defense, specializing in the design and construction of warships, patrol vessels, fast attack ships, and auxiliary vessels for the Indian Navy and Coast Guard.

GRSE has a rich heritage of over a century and has the distinction of being the first Indian shipyard to build a warship for the Indian Navy—INS Ajay in 1961. The company has delivered over 100 warships and over 700 ships to national and international customers, establishing it as a key player in the global shipbuilding industry. GRSE also manufactures deck machinery items, prefabricated steel bridges, and marine pumps for defense and commercial use.

GRSE is publicly listed on the NSE and BSE, reflecting strong investor confidence and a stable financial outlook. Its commitment to technological advancement and timely project execution reinforces its strategic importance in India’s defense sector.

Fundamentals of GRSE

• Market Cap: ₹18,801.99 Cr.
• ROE: 23.14%
• ROCE: 28.88%
• P/E Ratio: 47.63
• P/B Ratio: 9.69
• Dividend Yield: 0.57%
• Book Value: ₹169.39
• Face Value: ₹10
• EPS (TTM): ₹34.46
• 52-Week High: ₹2,833.80
• 52-Week Low: ₹744

Also Read: Infosys Share Price

GRSE Share Price Target 2025

After analyzing GRSE’s past price trends and market performance, it is estimated that the stock could reach ₹1,380.28 by early 2025.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹1,540.21.

By the end of 2025, IRCON’s share price can achieve the target of ₹1,650.00.

Month	Target Price (₹)
January	₹1,624.20
February	₹1,256.00
March	₹1,310.75
April	₹1,380.28
May	₹1,420.64
June	₹1,465.72
July	₹1,510.86
August	₹1,540.21
September	₹1,580.32
October	₹1,610.45
November	₹1,630.76
December	₹1,650.00

GRSE Share Price Target 2026

After analyzing IRCON’s past price trends and market performance, it is estimated that the stock could reach ₹1,680.48 by early 2026.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹1,850.74.

By the end of 2026, IRCON’s share price can achieve the target of ₹2,050.32.

Year	Target Price (₹)
Beginning	₹1,680.48
Middle	₹1,850.74
End	₹2,050.32

GRSE Share Price Target 2027

After analyzing IRCON’s past price trends and market performance, it is estimated that the stock could reach ₹2,100.56 by early 2027.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹2,250.42.

By the end of 2027, IRCON’s share price can achieve the target of ₹2,400.38.

Year	Target Price (₹)
Beginning	₹2,100.56
Middle	₹2,250.42
End	₹2,400.38

Also Read: SEPC Share Price

GRSE Share Price Target 2028

After analyzing IRCON’s past price trends and market performance, it is estimated that the stock could reach ₹2,430.64 by early 2028.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹2,580.35.

By the end of 2028, IRCON’s share price can achieve the target of ₹2,750.48.

Year	Target Price (₹)
Beginning	₹2,430.64
Middle	₹2,580.35
End	₹2,750.48

GRSE Share Price Target 2029

After analyzing IRCON’s past price trends and market performance, it is estimated that the stock could reach ₹2,780.62 by early 2029.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹2,950.38.

By the end of 2029, IRCON’s share price can achieve the target of ₹3,150.72.

Year	Target Price (₹)
Beginning	₹2,780.62
Middle	₹2,950.38
End	₹3,150.72

GRSE Share Price Target 2030

After analyzing IRCON’s past price trends and market performance, it is estimated that the stock could reach ₹3,180.46 by early 2030.

By the middle of the year, driven by market demand and sector performance, the price could rise to around ₹3,350.64.

By the end of 2030, IRCON’s share price can achieve the target of ₹3,500.89.

Year	Target Price (₹)
Beginning	₹3,180.46
Middle	₹3,350.64
End	₹3,500.89

Also Read: Devyani International Share Price

GRSE Share Price Target & Forecast 2025 To 2030

Year	Target Price
2025	₹1,650.00
2026	₹2,050.32
2027	₹2,400.38
2028	₹2,750.48
2029	₹3,150.72
2030	₹3,500.89

Shareholding Pattern of GRSE

• Retail & Other: 19.93%
• Promoters: 74.50%
• Foreign Institution: 3.70%
• Mutual Funds: 1.63%
• Other Domestic Institutions: 0.24%

Also Read: Protean Share Price

GRSE Income Statement

GRSE recorded robust revenue growth of 40.27% year over year, reaching ₹35.93 billion in 2024. Operating expenses grew 11.97% to ₹4.84 billion, reflecting better cost control relative to revenue growth. Net income grew 56.61% to ₹3.57 billion, reflecting strong profitability.

Net profit margin improved to 9.94% (an increase of 11.56%), reflecting increased efficiency in converting revenue into profit. Earnings per share (EPS) grew sharply by 56.65% to ₹31.19. EBITDA grew 58.68% to ₹2.38 billion, reflecting operational strength. The effective tax rate remained stable at 25.71%, reflecting consistent tax management.

GRSE Balance Sheet

GRSE’s total assets declined by 4.86% to ₹102.52 billion, reflecting lower asset accumulation. Total liabilities declined by 8.37% to ₹85.78 billion, improving leverage. Total equity increased to ₹16.73 billion, strengthening the capital base. Cash and short-term investments declined by 18.40% to ₹33.74 billion, reducing liquidity, but still maintaining a strong cash position.

The price-to-book (P/B) ratio of 9.36 suggests that the stock is trading at a premium relative to its book value. Return on assets (ROA) at 1.19% and return on capital (ROC) at 7.23% indicate moderate efficiency in asset and capital utilization.

GRSE Cash Flow

Despite higher profitability, cash from operations was negative at -₹7.07 billion (a decline of 148.74%), reflecting working capital stress or increased inventory. Cash from investments increased to ₹10.56 billion (an increase of 163.36%), reflecting strategic investments.

Cash from financing was negative at -₹3.58 billion (a decline of 262.27%), reflecting debt repayment or dividend payments. As a result, the net change in cash was negative at -₹87.16 million (a decline of 303.97%), reflecting pressure on cash flows despite higher earnings. Free cash flow was negative at -₹6.69 billion (a decline of 259.60%), indicating poor cash conversion from operations.

Also Read: Avanti Feeds Share Price

Key Competitors of GRSE

• Cochin Shipyard
• Mazagon Dock Shipbuilders
• Knowledge Marine & Engineering Works
• Swan Defence & Homeland Security
• Inducto Steels
• VMS Industries
• Hariyana Ship Breakers
• Laxmipati Engineering Works
• Garware Marine Industries
• Bharati Defence and Infrastructure

GRSE Share Price FAQ

Also Read: IRCON Share Price

---

Disclaimer: The information in this article is for educational purposes only, and market analysts give the targets mentioned in it as suggestions. Therefore, before investing your money in any company, it is mandatory to get complete information about the company and consult your financial advisor.