F-14/15, Orbit Mall, Civil Lines, Jaipur-302006
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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comGarden Reach Shipbuilders & Engineers Ltd (GRSE) is one of India’s leading defence shipyards and a key contributor to the country’s naval modernization program. As a Government of India–owned enterprise under the Ministry of Defence, GRSE plays a crucial role in building warships, patrol vessels, and auxiliary ships for the Indian Navy and Coast Guard.
With India significantly increasing defence spending, indigenization under Atmanirbhar Bharat, and a strong export push in defence manufacturing, GRSE has emerged as a strategically important company. In this article, we analyze GRSE share price targets from 2026 to 2030 based on current market data, order book visibility, and long-term defence sector trends.
| Detail | Value |
|---|---|
| Open | ₹2,594.20 |
| Previous Close | ₹2,518.70 |
| Day’s High | ₹2,647.90 |
| Day’s Low | ₹2,550.00 |
| VWAP | ₹2,590.63 |
| 52-Week High | ₹3,538.40 |
| 52-Week Low | ₹1,184.90 |
| All-Time High | ₹3,538.40 |
| All-Time Low | ₹77.70 |
| Market Capitalization | ₹29,497 Cr |
| Volume | 28,49,354 |
| Value (Lacs) | 73,370.87 |
| Face Value | ₹10 |
| Book Value Per Share | ₹200.42 |
| Dividend Yield | 0.54% |
| UC Limit | ₹3,022.40 |
| LC Limit | ₹2,015.00 |
| Beta | 1.52 |
GRSE specializes in the design and construction of naval warships, offshore patrol vessels, landing craft, and fast attack crafts. The company has delivered more than 100 warships to Indian defence forces and has established itself as a reliable execution partner for complex naval platforms.
Apart from shipbuilding, GRSE is also involved in marine engineering, deck machinery, and export defence contracts, strengthening its diversified defence manufacturing base.
Strategic importance in India’s defence ecosystem
Strong and visible order book with multi-year execution
Beneficiary of indigenization and defence exports policy
Proven track record of on-time delivery
Stable margins supported by government contracts
| Investor Type | Holding (%) |
|---|---|
| Promoters (Govt. of India) | 74.50% |
| Retail & Others | 20.90% |
| Foreign Institutions | 2.96% |
| Mutual Funds | 1.44% |
| Other Domestic Institutions | 0.21% |
High promoter holding reflects sovereign backing and long-term strategic relevance.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 2,800 | 3,200 |
| 2027 | 3,100 | 3,600 |
| 2028 | 3,500 | 4,200 |
| 2029 | 4,000 | 4,900 |
| 2030 | 4,600 | 5,800 |
These projections consider defence capex growth, execution of current orders, export potential, and margin stability.
By 2026, GRSE is expected to continue benefiting from strong naval orders and steady execution.
Growth Drivers:
Execution of existing defence contracts
Continued naval modernization
Stable government funding
Investment View: Suitable for medium-term investors seeking defence sector exposure.
In 2027, new orders from the Navy and Coast Guard could strengthen revenue visibility.
Growth Drivers:
Repeat defence orders
Higher focus on indigenous shipbuilding
Operational efficiency improvements
Investment View: Strong long-term potential with moderate volatility.
By 2028, GRSE may see benefits from defence exports and improved capacity utilization.
Growth Drivers:
Export contracts for patrol vessels
Higher margins from value-added engineering
Long-term service and refit opportunities
Investment View: Attractive for long-term defence-focused portfolios.
With India emerging as a defence manufacturing hub, GRSE could scale operations further.
Growth Drivers:
Rising global demand for affordable naval platforms
Strong government policy support
Enhanced execution capabilities
Investment View: Favors investors seeking growth with strategic stability.
By 2030, GRSE could be among India’s most valuable defence PSUs.
Growth Drivers:
Large defence export pipeline
Continued naval fleet expansion
Stable long-term cash flows
Investment View: Ideal for long-term wealth creation with defence exposure.
GRSE represents a strategic defence PSU investment backed by sovereign ownership and long-term demand visibility.
Strong and predictable order book
Direct beneficiary of rising defence budgets
Monopoly-like position in certain naval segments
Long-term relevance in India’s security framework
Project execution delays
Dependency on government orders
Stock price volatility after sharp rallies
Garden Reach Shipbuilders & Engineers Ltd stands at the heart of India’s naval modernization and defence indigenization drive. While the stock may experience short-term fluctuations, its long-term fundamentals remain strong.
Based on current trends and sector outlook, GRSE share price could range between ₹4,600 and ₹5,800 by 2030, making it an attractive long-term opportunity for investors looking to participate in India’s defence growth story.
1. What is the current share price of GRSE?
It trades around the levels mentioned in the latest market data table and changes with market conditions.
2. Is GRSE a good long-term investment?
Yes, for investors seeking defence sector exposure with government backing.
3. What is GRSE share price target for 2026?
The expected range is ₹2,800 to ₹3,200.
4. What is GRSE share price target for 2030?
The projected range is ₹4,600 to ₹5,800.
5. What factors influence GRSE share price the most?
Defence orders, execution performance, government policy, and overall market sentiment.
Disclaimer: This article is for educational purposes only and should not be considered financial advice. Please consult a qualified financial advisor before making any investment decisions.
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