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The company is poised for robust growth and expansion
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On August 4, Nifty India Defence index was trading 1.56% higher after falling nearly 8% in the last eight sessions
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Launched in December 2020, Himgiri is equipped with a powerful weapons package, including BrahMos cruise missiles for land and sea strike roles and Barak 8 surface-to-air missiles for air defence.
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The defence stocks saw significant rally earlier this year, but analysts now flag high valuations.
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Defence stocks: 'Further profit-taking appears likely and would be considered healthy, given the significant rally in recent weeks,' says Ajit Mishra from Religare Broking.
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The company is set to benefit from ongoing project deliveries and is aggressively bidding for new orders
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Bharat Electronics share price: The stock has seen significant surge in recent days, jumping nearly 25% in the past one month. The stock has gained over 34% so far in 2025, and over 51% in the past one year.
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Garden Reach share price: The upcoming vessels will feature hybrid propulsion technology and be built to meet advanced cybersecurity standards.
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The smallcap index ended in the green on seven out of past eight sessions, with the combined market capitalisation higher by over Rs 50,000 crore since May 23.
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The Nifty Defence index has ended in the green in 10 out of the past 11 sessions, and the m-cap of the index has jumped by Rs 48,700 crore since May 21.
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Defence stocks rallied for the second straight session on Tuesday, with several shares surging up to 14 percent on heightened tensions along the India-Pakistan border.
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After a successful Rs 5,000-crore OFS in Mazagon Dock Shipbuilders at the start of FY26, Centre lines up stake sale in more PSUs to drive non-tax revenues
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The current orders with GRSE are spread across 40 naval platforms, and 95% of them are from the shipbuilding segment, a category where the shipyard company has increased its annual capacity to 24 ships this year.
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The company has a strong earnings visibility and its execution track record is impressive
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The partnership between Garden Reach and Apollo Micro is to develop underwater weapons and vehicles, air defence systems, advanced electronic systems for defence as well as non-defence industries.
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The mid and small-cap indices jumped 0.3 and 0.6 percent, respectively, marking an impressive 10-day streak of outperformance.
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GRSE, which rebounded strongly post the election result meltdown, has recovered most of its losses, backed by optimism around government policies and its focus on defence indigenisation
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Defence PSUs are notorious for delayed or slow execution, but revenue visibility will support stock prices
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The Kolkata-headquartered warship builder earned a profit before tax (PBT) of Rs 209 crore, while the profit after tax (PAT) was Rs 157 crore, a 45 per cent rise over the first half of 2023-24, GRSE said in a press statement.
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In fiscal 2023, the company’s revenue grew by 46%. In fiscal 2024, it is expected to be even better. In fact, in the first quarter of FY24 itself, the company has reported a good 30.4% growth.
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This marks GRSE’s first extensive foray into commercial shipbuilding after pioneering public-private partnerships in the warship-building sector in India.
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Too much expectations built into the valuation of the stocks
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With strong earnings visibility and valuations, GRSE offers a decent risk-reward proposition
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The Indian Navy's Chief of Material Vice Admiral Sandeep Naithani was present at the signing of the MoU, he said.
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The share price of Garden Reach Shipbuilders and Engineers' (GRSE) has corrected recently led by overall weakness in the stock market. The stock has fallen from the high of Rs 324 per share in May 2022, to the current price of around Rs 260 apiece. Interestingly, with close to a 3 percent dividend yield, valuations are quite attractive at 9 times its FY24 estimated earnings. Should you invest for the long haul? Watch the video to find out
