Garden Reach Shipbuilders & Engineers (GRSE) Share Price Falls 2.45% Today
- September 10, 2026
- Posted by: Harsh Piplani
- Category: News
Garden Reach Shipbuilders & Engineers Share Price fell to Rs 2,431.4 on 10 September 2026, down 2.45% or Rs 61 from the previous close of Rs 2,492.4. The company’s market capitalisation stood at Rs 28,550.94 crore, placing it in the Large Cap category within the Ship Building industry.
GRSE opened at Rs 2,500 and traded between Rs 2,508.95 and Rs 2,430.5 during the session. Turnover was Rs 4.24 crore at the supplied update time. The available data confirms the decline, but it does not identify any company-specific trigger for the move. That means the focus stays on verified price action, technical positioning, valuation and peer context rather than speculation.
For investors tracking GRSE Share Price Today, the practical questions are clear: how weak was the intraday setup, where does the stock stand versus its moving averages, and how do the company’s profitability and valuation compare with other listed ship builders. Those data points offer more useful context than guessing at a cause not provided in the source set.
Garden Reach Shipbuilders & Engineers (GRSE) Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 2,431.4 |
| Previous Close | Rs 2,492.4 |
| Today's Move | -Rs 61.00 (-2.45%) |
| Open | Rs 2,500 |
| High | Rs 2,508.95 |
| Low | Rs 2,430.5 |
| Turnover | Rs 4.24 crore |
| Market Capitalisation | Rs 28,550.94 crore |
| Market Cap Category | Large Cap |
The intraday structure shows a stock that weakened steadily after the open. Although GRSE briefly traded up to Rs 2,508.95, it later slipped to Rs 2,430.5 and was quoted at Rs 2,431.4, almost at the session low. That matters because it suggests the weakness had not meaningfully reversed by the latest timestamp.
In percentage terms, the fall of 2.45% may appear modest compared with highly volatile small-cap counters, but in a Large Cap name it is still significant enough to bring attention to both momentum and valuation. The stock was also below its opening price of Rs 2,500 for most of the observed move, indicating that early strength did not sustain.
Technical reference points add another layer. The RSI was 39.01, while the 50-day moving average stood at Rs 2,584.62 and the 200-day moving average at Rs 2,571.2. With the current price below both averages, the stock is trading under these medium- and longer-term trend markers in the supplied data. On a purely factual basis, that places the latest GRSE move in a relatively softer technical position.
Garden Reach Shipbuilders & Engineers (GRSE) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 28,550.94 crore |
| P/E Ratio | 35.66x |
| P/B Ratio | 10.2x |
| ROE | 31.79% |
| ROCE | 43.66% |
| EPS | Rs 69.89 |
| Book Value Per Share | Rs 244.34 |
| Dividend Yield | 0.79% |
On fundamentals, GRSE combines scale with strong return ratios. The stock trades at 35.66 times earnings and 10.2 times book value, while return on equity is 31.79% and return on capital employed is 43.66%. EPS is Rs 69.89, book value per share is Rs 244.34, and dividend yield is 0.79%.
Those figures create a mixed but clear picture. Profitability appears strong on the supplied return metrics, especially ROCE. At the same time, the valuation is not obviously low, particularly on price to book. Since the current market price is far above the stated book value, the elevated P/B ratio is expected from the data.
This is why today’s move is not just about one trading session. Garden Reach Shipbuilders & Engineers Share Price remains important because the company pairs healthy profitability with a premium balance-sheet multiple. When a stock with those traits falls, investors often look more closely at whether the valuation premium is still being supported by operating quality relative to peers.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Ship Building |
| Industry | Ship Building |
| Benchmark Scope | same industry |
| Company P/E Ratio | 35.66x |
| Benchmark Median P/E | 34.83x |
| Benchmark Average P/E | 38.04x |
| Benchmark P/E Range | 9.45x to 60.12x |
| Company P/B Ratio | 10.2x |
| Benchmark Median P/B | 8.3x |
| Benchmark Average P/B | 7.25x |
| Company ROE | 31.79% |
| Benchmark Median ROE | 26.57% |
| Benchmark Average ROE | 38.05% |
| Company ROCE | 43.66% |
| Benchmark Median ROCE | 30.7% |
| Benchmark Average ROCE | 33.56% |
| Company Market Capitalisation | Rs 28,550.94 crore |
| Benchmark Median Market Cap | Rs 18,063.82 crore |
| Benchmark Average Market Cap | Rs 29,292.02 crore |
The sector comparison uses a six-company same-industry benchmark, which makes the relative numbers more meaningful. GRSE’s P/E of 35.66 is slightly above the median of 34.83 but below the average of 38.04. On earnings valuation, that places it near the industry middle rather than at an extreme.
On price to book, the stock screens richer. Its P/B of 10.2 is above the sector median of 8.3 and average of 7.25, and it matches the top end of the benchmark range. Profitability partly offsets that richer multiple: ROE of 31.79% is above the median ROE of 26.57%, and ROCE of 43.66% is above both the median of 30.7% and average of 33.56%.
Market-cap positioning also looks balanced. At Rs 28,550.94 crore, GRSE is above the industry median market cap of Rs 18,063.82 crore and just below the average of Rs 29,292.02 crore. In other words, it is a relatively large player in its niche, but not the biggest listed name in the peer set.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| Mazagon Dock Shipbuilders | MAZDOCK | 99,070.13 | 34 | 9.46 | 27.37 | 36.51 |
| Cochin Shipyard | COCHINSHIP | 40,251.36 | 60.12 | 6.79 | 12.52 | 17.6 |
| Knowledge Marine & Engineering Works | KMEW | 7,576.7 | 57.97 | 9.42 | 25.76 | 24.88 |
| Laxmipati Engineering Works | LAXMIPATI | 255.62 | 9.45 | 7.18 | 122.39 | 66.56 |
| VMS Industries | VMS | 47.36 | 31.07 | 0.47 | 8.5 | 12.18 |
Among peers, Mazagon Dock Shipbuilders is the scale leader with a market cap of Rs 99,070.13 crore, a P/E of 34 and a P/B of 9.46. GRSE trades on a slightly higher P/E and P/B, but it also shows higher ROE and ROCE than Mazagon Dock in the supplied comparison.
Cochin Shipyard trades at a much higher P/E of 60.12, though its P/B is lower at 6.79. Its profitability metrics, with ROE at 12.52% and ROCE at 17.6%, are below GRSE. Knowledge Marine & Engineering Works also carries a much higher P/E of 57.97 and a P/B of 9.42, while its ROE and ROCE trail GRSE as well.
At the smaller end of the industry, Laxmipati Engineering Works and VMS Industries show how wide the valuation and profitability spread can be in this space. Laxmipati has exceptional return metrics but a far smaller market cap of Rs 255.62 crore, while VMS trades at a very low P/B of 0.47 with much lower profitability. This peer set suggests GRSE sits in a relatively strong profitability bracket, though not at a discount on book value.
Why Investors Are Watching GRSE
- Price action: The stock fell 2.45% and traded close to the day’s low.
- Trend markers: The current price is below both the 50 DMA of Rs 2,584.62 and the 200 DMA of Rs 2,571.2.
- Momentum reading: RSI stood at 39.01 in the supplied data.
- Profitability: ROE of 31.79% and ROCE of 43.66% remain notable.
- Valuation: P/E is near the industry median, while P/B is at the top end of the benchmark range.
About Garden Reach Shipbuilders & Engineers
Garden Reach Shipbuilders & Engineers operates in the Ship Building sector and industry. Based on the supplied market-cap figure of Rs 28,550.94 crore, it is one of the larger listed companies in this industry grouping and is classified as a Large Cap stock.
The listed peer set used here includes Mazagon Dock Shipbuilders, Cochin Shipyard, Knowledge Marine & Engineering Works, Laxmipati Engineering Works and VMS Industries. That peer structure is useful because it lets investors compare GRSE against companies facing similar industry classifications rather than against unrelated businesses.
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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).
Frequently Asked Questions
Why did Garden Reach Shipbuilders & Engineers Share Price fall today?
Ans. The supplied data shows the stock at Rs 2,431.4, down Rs 61 or 2.45% from the previous close of Rs 2,492.4. No company-specific reason is provided in the source data.
What is the latest GRSE share price today?
Ans. At the supplied update time, GRSE was trading at Rs 2,431.4. The previous close was Rs 2,492.4. The stock moved 2.45% lower during the session. The intraday range extended from Rs 2,430.5 to Rs 2,508.95.
What is the market capitalisation of GRSE?
Ans. The supplied market capitalisation was Rs 28,550.94 crore, and the stock was categorised as Large Cap. The company operates in the Ship Building sector. Its P/E ratio is 35.66x. ROE is 31.79% and ROCE is 43.66%.
How does GRSE compare with the industry on P/E?
Ans. GRSE trades at 35.66 times earnings, slightly above the industry median of 34.83 and below the average of 38.04. Its P/B ratio is 10.2x. The stock belongs to the Ship Building sector.
How does GRSE compare on P/B ratio?
Ans. Its P/B ratio is 10.2, above the industry median of 8.3 and average of 7.25, and equal to the highest P/B value in the benchmark set. The company trades at a P/E ratio of 35.66x.
Are GRSE’s profitability metrics strong?
Ans. The supplied data shows ROE of 31.79% and ROCE of 43.66%, both stronger than the industry median values provided. The relevant peer median ROE is 26.57%. The relevant peer median ROCE is 30.7%.
