Is Garden Reach Shipbuilders the Best Stock in Its Sector? A Look at the Numbers
- October 14, 2026
- Posted by: Kunal Singla
- Category: Market
Garden Reach Shipbuilders CMP Rs 2,151 (14 Oct 2026). Market cap Rs 24,512 Cr. ROE 28.48%. P/E 30.62x versus Industry P/E 51.99x.
Quick Answer
Garden Reach Shipbuilders is one of the names investors compare when screening the Ship Building sector, built on a 28.48% return on equity and a P/E of 30.62x against an Industry P/E of 51.99x. Whether Garden Reach Shipbuilders is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Ship Building sector peers, so you can judge that for yourself.
Is Garden Reach Shipbuilders the best stock in its sector? The stock trades on the NSE at Rs 2,151 as of 14 October 2026, within its 52-week range of Rs 1,963.70 to Rs 3,339.00. Garden Reach Shipbuilders and Engineers Ltd, headquartered in Kolkata, is a defence shipyard that builds warships and other vessels for the Indian Navy and Coast Guard, and also makes marine engines and deck machinery.
Garden Reach Shipbuilders sits in the Ship Building sector, and its 28.48% ROE and 30.62x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Garden Reach Shipbuilders
Garden Reach Shipbuilders and Engineers Ltd, headquartered in Kolkata, is a defence shipyard that builds warships and other vessels for the Indian Navy and Coast Guard, and also makes marine engines and deck machinery. Naval vessels built to government orders are central to its business. The stock trades about 36 percent below its 52-week high and about 10 percent above its 52-week low. At a market capitalisation of Rs 24,512 Cr, it is tracked as part of the Ship Building sector on Univest.
Is Garden Reach Shipbuilders the Best Stock in Its Sector?
Garden Reach Shipbuilders makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 28.48% ROE with a 30.62x P/E against the sector’s 51.99x Industry P/E. Garden Reach Shipbuilders’ 28.48% ROE is the highest of the three, ahead of Mazagon Dock Shipbuilders at 26.48% and Cochin Shipyard at 12.20%, and its 30.62x P/E is below the 51.99x Industry P/E and Cochin Shipyard at 48.96x, though marginally above Mazagon Dock Shipbuilders at 29.96x.
| Metric | Garden Reach Shipbuilders |
|---|---|
| CMP (NSE) | Rs 2,151.00 |
| 52-Week High / Low | Rs 3,339.00 / Rs 1,963.70 |
| Market Cap | Rs 24,512 Cr |
| P/E (TTM) vs Industry P/E | 30.62x vs 51.99x |
| P/B | 9.33 |
| ROE | 28.48% |
| EPS (TTM) | Rs 69.89 |
| Dividend Yield | 0.83% |
| Debt to Equity | 0.01 |
Compare Garden Reach Shipbuilders Against Other Ship Building Sector Stocks
How Garden Reach Shipbuilders Compares Against Its Ship Building Sector Peers
The table below sets Garden Reach Shipbuilders against 2 other Ship Building sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Garden Reach Shipbuilders | 24,512 | 30.62 | 28.48% | 0.01 |
| Mazagon Dock Shipbuilders | 85,513 | 29.96 | 26.48% | 0.05 |
| Cochin Shipyard | 33,293 | 48.96 | 12.20% | 0.28 |
| Peer average (2 companies) | – | 39.46 | 19.34% | 0.17 |
Against this peer set, Garden Reach Shipbuilders’s 28.48% ROE is above the 19.34% peer average, and its P/E of 30.62x runs below the peer average of 39.46x. Garden Reach Shipbuilders’ 28.48% ROE is the highest of the three, ahead of Mazagon Dock Shipbuilders at 26.48% and Cochin Shipyard at 12.20%, and its 30.62x P/E is below the 51.99x Industry P/E and Cochin Shipyard at 48.96x, though marginally above Mazagon Dock Shipbuilders at 29.96x.
What Makes Garden Reach Shipbuilders Worth Watching in Ship Building
- Strong returns: A 28.48% ROE is higher than Mazagon Dock Shipbuilders at 26.48% and Cochin Shipyard at 12.20%.
- Relative valuation: A 30.62x P/E is below the 51.99x Industry P/E and Cochin Shipyard at 48.96x, and close to Mazagon Dock Shipbuilders at 29.96x.
- Leverage: A debt to equity ratio of 0.01 is lower than Mazagon Dock Shipbuilders at 0.05 and Cochin Shipyard at 0.28.
Garden Reach Shipbuilders Valuation: Is It Justified?
Garden Reach Shipbuilders’ 28.48% ROE is the highest of the three, ahead of Mazagon Dock Shipbuilders at 26.48% and Cochin Shipyard at 12.20%, and its 30.62x P/E is below the 51.99x Industry P/E and Cochin Shipyard at 48.96x, though marginally above Mazagon Dock Shipbuilders at 29.96x. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Garden Reach Shipbuilders and other Ship Building sector stocks.
How to Track Garden Reach Shipbuilders Before You Invest
Before deciding whether Garden Reach Shipbuilders deserves its label as the best stock in its sector for your own portfolio, compare it directly against Ship Building sector peers using the steps below.
- Open the Univest Screener and search for Garden Reach Shipbuilders to view live price, valuation ratios, and peer comparisons within the Ship Building sector.
- Compare its P/E, P/B, and ROE against other Ship Building sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Garden Reach Shipbuilders earns a place in the best stock in its sector conversation on the strength of a 28.48% ROE and a P/E of 30.62x against a 51.99x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Garden Reach Shipbuilders the best stock in its sector?
Ans. Garden Reach Shipbuilders has a 28.48% ROE and trades at 30.62x P/E against a 51.99x Industry P/E, and compares above the peer average ROE of 19.34% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Garden Reach Shipbuilders?
Ans. Garden Reach Shipbuilders was trading at Rs 2,151.00 on the NSE as of 14 October 2026, within its 52-week range of Rs 1,963.70 to Rs 3,339.00.
What sector does Garden Reach Shipbuilders belong to?
Ans. Garden Reach Shipbuilders is classified under the Ship Building sector on Univest.
How does Garden Reach Shipbuilders compare to its sector peers on P/E?
Ans. Garden Reach Shipbuilders’s P/E of 30.62x is below the 39.46x average of the 2 named peers compared in this article.
What is Garden Reach Shipbuilders’s return on equity?
Ans. Garden Reach Shipbuilders reported a return on equity of 28.48%, which is above the 19.34% average of its named peers in this comparison.
Should I invest in Garden Reach Shipbuilders based on its sector position?
Ans. Garden Reach Shipbuilders’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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