Financials Garden Reach Shipbuilders & Engineers Limited

Equities

GRSE

INE382Z01011

Aerospace & Defense

End-of-day quote NSE India S.E. 18:00:00 2024-05-02 EDT 5-day change 1st Jan Change
1,002 INR +1.15% Intraday chart for Garden Reach Shipbuilders & Engineers Limited +0.32% +14.75%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,301 15,648 21,175 25,969 52,167 109,357 - -
Enterprise Value (EV) 1 11,301 15,648 21,175 -1,463 52,167 109,357 109,357 109,357
P/E ratio - - - 13.7 x 22.9 x 35.5 x 31.1 x 25.8 x
Yield - - - 2.56% 1.36% 0.73% 0.9% 0.95%
Capitalization / Revenue 0.82 x 1.09 x 1.86 x 1.48 x 2.04 x 2.95 x 2.39 x 1.99 x
EV / Revenue 0.82 x 1.09 x 1.86 x 1.48 x 2.04 x 2.95 x 2.39 x 1.99 x
EV / EBITDA - 38.7 x 29.4 x 18.5 x 35 x 52.2 x 41.6 x 33.9 x
EV / FCF - 2.79 x 5.99 x -6.32 x 3.71 x 31.8 x 4.53 x -13.1 x
FCF Yield - 35.8% 16.7% -15.8% 27% 3.15% 22.1% -7.66%
Price to Book - 1.5 x 1.86 x 2.06 x 3.69 x 6.71 x 5.81 x 4.96 x
Nbr of stocks (in thousands) 114,552 114,552 114,552 114,552 114,552 114,552 - -
Reference price 2 98.65 136.6 184.8 226.7 455.4 1,002 1,002 1,002
Announcement Date 19-05-29 20-06-06 21-05-17 22-05-25 23-05-24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 13,864 14,333 11,408 17,575 25,611 37,008 45,758 55,060
EBITDA 1 - 404 720.6 1,407 1,490 2,095 2,626 3,228
EBIT 1 - - - 1,050 - 1,699 2,226 2,822
Operating Margin - - - 5.98% - 4.59% 4.86% 5.13%
Earnings before Tax (EBT) 1 - - - 2,572 - 4,351 4,953 5,989
Net income 1 - - - 1,895 2,281 3,238 3,686 4,459
Net margin - - - 10.78% 8.91% 8.75% 8.06% 8.1%
EPS 2 - - - 16.55 19.91 28.25 32.20 38.90
Free Cash Flow 1 - 5,605 3,535 -4,109 14,080 3,443 24,161 -8,375
FCF margin - 39.1% 30.98% -23.38% 54.97% 9.3% 52.8% -15.21%
FCF Conversion (EBITDA) - 1,387.18% 490.51% - 944.76% 164.34% 919.89% -
FCF Conversion (Net income) - - - - 617.2% 106.35% 655.39% -
Dividend per Share 2 - - - 5.800 6.200 7.300 9.000 9.550
Announcement Date 19-05-29 20-06-06 21-05-17 22-05-25 23-05-24 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 3,988 3,042 - 6,012 - 7,843 8,041 8,497
EBITDA 1 - 375.4 19.98 - 204.4 - 549 482 481
EBIT - - - - - - - - -
Operating Margin - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - -
Net income 1 576.2 - - 639.2 553 766.8 706 724 595
Net margin - - - - 9.2% - 9% 9% 7%
EPS 5.030 - - - - 6.690 - - -
Dividend per Share - - - - - - - - -
Announcement Date 21-02-09 21-05-17 21-08-13 23-02-10 23-05-24 23-08-11 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - 27,432 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 5,605 3,535 -4,109 14,080 3,443 24,161 -8,375
ROE (net income / shareholders' equity) - 16.5% 15.5% 15.1% 17.1% 19.3% 23.3% 23.5%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 - 90.80 99.30 110.0 123.0 149.0 173.0 202.0
Cash Flow per Share - - - - - - - -
Capex 1 - 674 1,638 548 423 4,247 1,270 1,356
Capex / Sales - 4.7% 14.36% 3.12% 1.65% 11.48% 2.78% 2.46%
Announcement Date 19-05-29 20-06-06 21-05-17 22-05-25 23-05-24 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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