{"id":342769,"date":"2026-11-10T10:19:35","date_gmt":"2026-11-10T04:49:35","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=342769"},"modified":"2026-11-10T10:19:35","modified_gmt":"2026-11-10T04:49:35","slug":"garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/","title":{"rendered":"Garden Reach Share Price: 41.3% CAGR in 3 Years as This Naval Shipbuilder Takes On BEL, Cochin Shipyard and Mazagon Dock"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#Garden_Reach_Share_Price_413_CAGR_in_3_Years_as_This_Naval_Shipbuilder_Takes_On_BEL_Cochin_Shipyard_and_Mazagon_Dock\" title=\"Garden Reach Share Price: 41.3% CAGR in 3 Years as This Naval Shipbuilder Takes On BEL, Cochin Shipyard and Mazagon Dock\">Garden Reach Share Price: 41.3% CAGR in 3 Years as This Naval Shipbuilder Takes On BEL, Cochin Shipyard and Mazagon Dock<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#How_Much_Has_the_Garden_Reach_Share_Price_Returned_in_3_Years\" title=\"How Much Has the Garden Reach Share Price Returned in 3 Years?\">How Much Has the Garden Reach Share Price Returned in 3 Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#Garden_Reach_vs_Bharat_Electronics_Cochin_Shipyard_and_Mazagon_Dock_Shipbuilders_3-Year_CAGR_Compared\" title=\"Garden Reach vs Bharat Electronics, Cochin Shipyard and Mazagon Dock Shipbuilders: 3-Year CAGR Compared\">Garden Reach vs Bharat Electronics, Cochin Shipyard and Mazagon Dock Shipbuilders: 3-Year CAGR Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#Valuation_and_Quality_Compared\" title=\"Valuation and Quality Compared\">Valuation and Quality Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#What_Is_Driving_the_Garden_Reach_Stock\" title=\"What Is Driving the Garden Reach Stock?\">What Is Driving the Garden Reach Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#How_the_Established_Players_Stack_Up\" title=\"How the Established Players Stack Up\">How the Established Players Stack Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#What_Should_Investors_Track_Next\" title=\"What Should Investors Track Next?\">What Should Investors Track Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#How_to_Compare_Shipbuilding_Stocks_Yourself\" title=\"How to Compare Shipbuilding Stocks Yourself\">How to Compare Shipbuilding Stocks Yourself<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#A_Strong_Order_Book_and_a_High_Return_on_Equity\" title=\"A Strong Order Book and a High Return on Equity\">A Strong Order Book and a High Return on Equity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#What_is_the_Garden_Reach_share_price_today\" title=\"What is the Garden Reach share price today?\">What is the Garden Reach share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#What_is_the_3-year_CAGR_of_the_Garden_Reach_stock\" title=\"What is the 3-year CAGR of the Garden Reach stock?\">What is the 3-year CAGR of the Garden Reach stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#Is_Garden_Reach_better_than_Mazagon_Dock\" title=\"Is Garden Reach better than Mazagon Dock?\">Is Garden Reach better than Mazagon Dock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#What_does_Garden_Reach_Shipbuilders_and_Engineers_do\" title=\"What does Garden Reach Shipbuilders and Engineers do?\">What does Garden Reach Shipbuilders and Engineers do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#Is_the_Garden_Reach_stock_debt_free\" title=\"Is the Garden Reach stock debt free?\">Is the Garden Reach stock debt free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#Is_Garden_Reach_expensive_compared_with_the_industry\" title=\"Is Garden Reach expensive compared with the industry?\">Is Garden Reach expensive compared with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#Which_shipbuilding_stock_gave_the_highest_return_in_3_years\" title=\"Which shipbuilding stock gave the highest return in 3 years?\">Which shipbuilding stock gave the highest return in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/garden-reach-share-price-3-year-cagr-vs-shipbuilding-peers-bel-cochin-mazagon\/#How_do_I_calculate_CAGR_for_a_stock\" title=\"How do I calculate CAGR for a stock?\">How do I calculate CAGR for a stock?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Garden_Reach_Share_Price_413_CAGR_in_3_Years_as_This_Naval_Shipbuilder_Takes_On_BEL_Cochin_Shipyard_and_Mazagon_Dock\"><\/span><strong>Garden Reach Share Price: 41.3% CAGR in 3 Years as This Naval Shipbuilder Takes On BEL, Cochin Shipyard and Mazagon Dock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Garden Reach previous close Rs 2,198.10. 3-year CAGR 41.3%. Up 2.8x since 9 Nov 2023. ROE 28.48%. Market cap Rs 25,189 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The <strong>Garden Reach share price<\/strong> closed at Rs 2,198.10 on 9 November 2026, a compounded annual return of 41.3% over three years. That compares with Bharat Electronics at 41.9%, Cochin Shipyard at 35.5% and Mazagon Dock Shipbuilders at 23.4%. The company has a market cap of Rs 25,189 crore and a P\/E of 31.46 against an industry P\/E of 51.77.<\/p>\n<\/p><\/div>\n<p>The <strong>Garden Reach share price<\/strong> has been one of the stronger stories among Indian defence public sector companies. Garden Reach Shipbuilders and Engineers, the Kolkata-based builder of warships and patrol vessels that listed in 2018, has nearly tripled investor money over three years.<\/p>\n<p>This article compares that run with Bharat Electronics, Cochin Shipyard and Mazagon Dock. We calculate the three-year CAGR for all four and place the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=garden-reach-share-price\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_the_Garden_Reach_Share_Price_Returned_in_3_Years\"><\/span><strong>How Much Has the Garden Reach Share Price Returned in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Garden Reach stock closed at Rs 779.40 on 9 November 2023 and at Rs 2,198.10 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.82 lakh, which is a CAGR of 41.3%. This is a price return and leaves out dividends.<\/p>\n<p>CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Garden Reach can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.<\/p>\n<p>The <strong>Garden Reach share price<\/strong> has also drawn attention because of the push for indigenous naval vessels, which has widened the order books of Indian shipyards.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Garden_Reach_vs_Bharat_Electronics_Cochin_Shipyard_and_Mazagon_Dock_Shipbuilders_3-Year_CAGR_Compared\"><\/span><strong>Garden Reach vs Bharat Electronics, Cochin Shipyard and Mazagon Dock Shipbuilders: 3-Year CAGR Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Close on 9 Nov 2023<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Previous close (9 Nov 2026)<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Price multiple<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">3-year CAGR<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Bharat Electronics<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 137.95<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 394.55<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.9x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">41.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Garden Reach Shipbuilders and Engineers<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 779.40<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,198.10<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.8x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">41.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Cochin Shipyard<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 518.80<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,290.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">2.5x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">35.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Mazagon Dock Shipbuilders<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 998.23<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 1,878.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">1.9x<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">23.4%<\/td>\n<\/tr>\n<\/table>\n<p>The Garden Reach stock ranks second of the four at 41.3%. It sits ahead of Cochin Shipyard (35.5%) and Mazagon Dock Shipbuilders (23.4%). The company ahead is Bharat Electronics (41.9%). BEL edges ahead of Garden Reach by a small margin, and Cochin Shipyard and Mazagon Dock follow. The gap between the first two is small, so the four shipbuilding and defence names are best read as a close group at the top.<\/p>\n<p>Look at the <strong>Garden Reach share price<\/strong> alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Quality_Compared\"><\/span><strong>Valuation and Quality Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;margin:14px 0;\">\n<tr>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Company<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Market cap<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #bbb;padding:6px 10px;background:#EBF3FB;text-align:left;\">Debt to equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/bel\/bharat-electronics-ltd-share-price-today\">Bharat Electronics<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 2,88,151 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">45.00<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">47.55<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">24.37%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/mazdock\/mazagon-dock-shipbuilders-ltd-share-price-today\">Mazagon Dock Shipbuilders<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 75,755 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">30.91<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">47.55<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">23.45%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.08<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/cochinship\/cochin-shipyard-ltd-share-price-today\">Cochin Shipyard<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 33,911 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">49.86<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">47.55<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">12.20%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.28<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\"><a href=\"https:\/\/univest.in\/stocks\/grse\/garden-reach-shipbuilders-and-engineers-ltd-share-price-today\">Garden Reach Shipbuilders and Engineers<\/a><\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">Rs 25,189 crore<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">31.46<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">51.77<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">28.48%<\/td>\n<td style=\"border:1px solid #bbb;padding:6px 10px;\">0.01<\/td>\n<\/tr>\n<\/table>\n<p>By market cap, Bharat Electronics is the largest of the group at Rs 2,88,151 crore, while the Garden Reach stock stands at Rs 25,189 crore, about 9% of that size. On earnings, Garden Reach shares trade at a P\/E of 31.46 against an industry P\/E of 51.77, a discount of about 39% to the sector, which leaves room if earnings keep growing. Peer multiples are Bharat Electronics at 45.00, Cochin Shipyard at 49.86 and Mazagon Dock Shipbuilders at 30.91.<\/p>\n<p>Return on equity is 28.48% for the Garden Reach stock, which ranks first among the four, and debt to equity stands at 0.01. Trailing EPS is Rs 69.89. Defence and shipbuilding companies are valued on their order books, so P\/E should be read alongside return on equity and the visibility of future orders.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_Garden_Reach_Stock\"><\/span><strong>What Is Driving the Garden Reach Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Garden Reach Shipbuilders and Engineers builds warships, fleet support vessels and other craft for the Indian Navy and the Coast Guard, and it also makes marine engines and deck machinery. It is a Ministry of Defence public sector company.<\/p>\n<p>Shipbuilding is an order book business with long delivery periods. A strong order book gives earnings visibility over several years, though quarterly revenue can move with the stage of each project.<\/p>\n<p>Followers of the <strong>Garden Reach share price<\/strong> usually track fresh orders, the pace of execution on existing projects, margins and the share of export or non-defence work.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_Established_Players_Stack_Up\"><\/span><strong>How the Established Players Stack Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bharat Electronics makes defence electronics such as radars, communication systems and electronic warfare equipment, and it is a large Navratna public sector company. It compounded at 41.9% a year, on a market cap of Rs 2,88,151 crore and an ROE of 24.37%.<\/p>\n<p>Cochin Shipyard is a Kochi-based shipbuilder and ship repair company that built the aircraft carrier INS Vikrant. It compounded at 35.5% a year, on a market cap of Rs 33,911 crore and an ROE of 12.20%.<\/p>\n<p>Mazagon Dock Shipbuilders is a Mumbai-based shipyard that builds submarines and destroyers for the Indian Navy. It compounded at 23.4% a year, on a market cap of Rs 75,755 crore and an ROE of 23.45%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Track_Next\"><\/span><strong>What Should Investors Track Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Three things are worth watching on the <strong>Garden Reach share price<\/strong>. First, the size and quality of the order book. Second, the pace of execution on naval projects. Third, margins as vessels move from construction to delivery.<\/p>\n<p>At a P\/E of 31, expectations are meaningful. Order timing in defence can shift from quarter to quarter, so size any position with that in mind.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live fundamentals of defence and shipbuilding stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_Shipbuilding_Stocks_Yourself\"><\/span><strong>How to Compare Shipbuilding Stocks Yourself<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can repeat this exercise for any pair of stocks, including the Garden Reach stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P\/E against the industry P\/E, ROE and debt to equity. Benchmark the result against the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> as well, so you know whether the stock beat the broader market.<\/p>\n<p>A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the <strong>Garden Reach share price<\/strong>, the same four checks give a more complete picture than price alone.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the <strong>Garden Reach share price<\/strong> and compare defence stocks live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Strong_Order_Book_and_a_High_Return_on_Equity\"><\/span><strong>A Strong Order Book and a High Return on Equity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Garden Reach share price<\/strong> compounded at 41.3% a year over three years, ahead of Cochin Shipyard at 35.5% and Mazagon Dock at 23.4%, and just behind BEL at 41.9%. Its ROE of 28.48% is the highest of the four.<\/p>\n<p>BEL brings scale and consistent defence electronics demand, Cochin Shipyard brings a commercial and naval mix, and Mazagon Dock brings submarine capability. The choice depends on which part of the defence cycle you want exposure to.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Garden_Reach_share_price_today\"><\/span><strong>What is the Garden Reach share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Garden Reach Shipbuilders and Engineers closed at Rs 2,198.10 on 9 November 2026, according to NSE data. It has a market cap of Rs 25,189 crore and a P\/E of 31.46. Check live quotes before acting, as prices change every trading day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_3-year_CAGR_of_the_Garden_Reach_stock\"><\/span><strong>What is the 3-year CAGR of the Garden Reach stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Garden Reach Shipbuilders and Engineers delivered a price CAGR of 41.3% over three years, moving from Rs 779.40 on 9 November 2023 to Rs 2,198.10 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Garden_Reach_better_than_Mazagon_Dock\"><\/span><strong>Is Garden Reach better than Mazagon Dock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Garden Reach stock delivered a higher three-year CAGR at 41.3% than Mazagon Dock at 23.4%. Mazagon Dock is larger by market cap at Rs 75,755 crore, while Garden Reach has the higher ROE at 28.48% against 23.45%. The better choice depends on your view of each order book.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Garden_Reach_Shipbuilders_and_Engineers_do\"><\/span><strong>What does Garden Reach Shipbuilders and Engineers do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Garden Reach Shipbuilders and Engineers is a Kolkata-based Ministry of Defence public sector company that builds warships, patrol vessels and other naval craft, along with marine engines and deck machinery.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Garden_Reach_stock_debt_free\"><\/span><strong>Is the Garden Reach stock debt free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The debt to equity ratio of the Garden Reach stock is 0.01 and its return on equity is 28.48%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Garden_Reach_expensive_compared_with_the_industry\"><\/span><strong>Is Garden Reach expensive compared with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Garden Reach trades at a P\/E of 31.46 against an industry P\/E of 51.77. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_shipbuilding_stock_gave_the_highest_return_in_3_years\"><\/span><strong>Which shipbuilding stock gave the highest return in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among the companies compared here, Bharat Electronics delivered the highest three-year CAGR at 41.9%, followed by Garden Reach Shipbuilders and Engineers at 41.3%. Past returns do not guarantee future performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_calculate_CAGR_for_a_stock\"><\/span><strong>How do I calculate CAGR for a stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Garden Reach share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Garden Reach Shipbuilders and Engineers closed at Rs 2,198.10 on 9 November 2026, according to NSE data. It has a market cap of Rs 25,189 crore and a P\/E of 31.46. 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See how it compares with BEL, Cochin Shipyard and Mazagon Dock on returns and ROE.<\/p>\n","protected":false},"author":34,"featured_media":342768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[20166,21451,21452,20165],"class_list":["post-342769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-defence-psu-stocks-3-year-return","tag-garden-reach-share-price","tag-garden-reach-vs-mazagon-dock","tag-shipbuilding-stocks-india"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["342768"],"rank_math_title":["Garden Reach Share Price: 41.3% CAGR vs BEL, Cochin"],"rank_math_description":["Garden Reach share price compounded at 41.3% a year over 3 years. See how it compares with BEL, Cochin Shipyard and Mazagon Dock on returns and ROE."],"rank_math_focus_keyword":["Garden Reach share price | Density Target: 1.2-1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/garden-reach-share-price-41-3-cagr-in-3-years-as-this-naval-shipbuilder-takes-on.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/342769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=342769"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/342769\/revisions"}],"predecessor-version":[{"id":342770,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/342769\/revisions\/342770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/342768"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=342769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=342769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=342769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}