Garden Reach Shipbuilders shares slide for third day as retail, MF holdings dip in June

Despite the recent fall, GRSE shares are up 68 percent since the beginning of the year.

Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) extended their losing streak for the third consecutive session on Monday, July 14, slipping as much as 5 percent to Rs 2,645, as selling pressure intensified amid waning investor interest.

Fresh shareholding data released by the company points to a shift in investor sentiment during the April–June quarter. Retail participation saw a noticeable dip, with the number of small shareholders — those holding shares with up to Rs 2 lakh in value — declining to 3.97 lakh from 4.04 lakh in the March quarter. In percentage terms, retail investor ownership fell to 14.89 percent from 16.72 percent previously.

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Domestic mutual funds also trimmed their exposure slightly. Their collective holding dropped to 1.4 percent in June, down from 1.64 percent in March. Notably, HDFC Mutual Fund, which featured among shareholders in the March quarter, no longer appears in the list — indicating that its stake has slipped below the 1 percent threshold.

In contrast, foreign portfolio investors (FPIs) appear to have taken a more bullish view. Their holding in GRSE rose to 5.33 percent in the June quarter, up from 3.84 percent earlier, suggesting selective overseas interest despite the recent pressure on the stock.

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Garden Reach Shipbuilders & Engineers Ltd. (GRSE) reported a strong set of numbers for the March quarter, with net profit more than doubling year-on-year. The company posted a profit of Rs 244.2 crore for the fourth quarter of FY25, up 118.9 percent from Rs 111.6 crore in the same period last year.

Revenue from operations also saw a sharp jump, rising 61.7 percent to Rs 1,642 crore compared to Rs 1,015.7 crore a year ago. Operating performance was robust, with EBITDA soaring 141.8 percent to Rs 219 crore from Rs 90.6 crore in the year-ago quarter.

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At about 11 am, shares of the company were trading at Rs 2,724, lower by 3 percent from the last close on the NSE. Despite the recent fall, GRSE shares are up 68 percent since the beginning of the year.

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