Rs 22,652 crore order book: Defence shipbuilding company signs MoU with Reintjes GmbH, Hameln, Germany

Garden Reach Shipbuilders and Engineers (GRSE) Ltd, a Schedule 'A' Mini Ratna Category I Company, has announced the signing of a non-binding Memorandum of Understanding (MoU) with Reintjes GmbH, Hameln, Germany. Reintjes GmbH is a globally recognised company with extensive experience in designing and manufacturing a wide range of marine propulsion gearboxes. This strategic collaboration aims to facilitate diverse cooperative engagements between the two entities.

The core objective of this MoU is to enable the integration of Reintjes GmbH’s high-quality propulsion gear trains with selected engines on ships that will be constructed by GRSE. This professional association with a pioneer in marine gearboxes is expected to significantly enhance GRSE's capabilities, allowing the shipyard to achieve higher standards of propulsion efficacy. This advancement will benefit not only warships destined for defence forces but also commercial vessels intended for both domestic and export markets, further solidifying GRSE's position in the global shipbuilding industry.

About the Company

Garden Reach Shipbuilders & Engineers Ltd (GRSE), a Schedule ‘A’ Mini Ratna Category I Company, is a premier Indian warship builder with a rich history dating back to 1884. This Ministry of Defence undertaking has built over 790 platforms, including 110 warships for the Indian Navy, Coast Guard, and foreign navies. From India's first warship, the SDB INS Ajay, to its first export warship, the CGS Barracuda, GRSE's capabilities span a wide range of vessels, including frigates, corvettes, survey vessels, and fast attack craft. The shipyard's commitment to excellence and quality is reflected in its numerous accolades and ongoing infrastructure modernisation.

Revenue from operations in Q4FY25 stood at Rs 1,642 crore, a notable 62 per cent increase from the Rs 1,016 crore reported in Q4FY24. The Profit After Tax (PAT) in Q4FY25 soared to Rs 244 crore, exhibiting an extraordinary growth of 118 per cent compared to Rs 112 crore in Q4FY24. Revenue from operations also saw a significant surge, climbing to Rs 5,076 crore in FY25 from Rs 3,593 crore in the previous year, representing a 41 per cent increase. Profit After Tax (PAT) witnessed an impressive 48 per cent growth, rising to Rs 527 crore in FY25 from Rs 357 crore in FY24.

The President of India’s portfolio owns 8,53,41,240 shares or 74.50 per cent stake in the company as of June 2025. The order book as of March 31, 2025, stands at Rs 22,652 crore. The stock has delivered multibagger returns of 125 per cent from its 52-week low and a whopping 1,100 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.