Garden Reach Shipbuilders Share Price Today Jumps 3% As Defence PSU Sails Into Navratna Club

Garden Reach Shipbuilders Share Price Today: Shares of Garden Reach Shipbuilders & Engineers Limited rallied nearly 3% during Monday's intraday trading session. The rally in the defence PSU stock came after it received Navratna status.

GRSE's share price today was trading 2.97% higher at Rs 2880.35 per share on the BSE, with a market capitalisation of Rs 32,994.99 crore at 10 am. The stock had touched its intraday high mark of Rs 2,935 per share and an intraday low mark of Rs 2,863.25 per share on Monday.

GRSE Receives Naratna Status

The Indian defence shipyard received Navratna status by the Department of Public Enterprises, Ministry of Finance, Government of India on Friday, June 19. The PSU received Navratna status due to its strong financial and physical performance over the years.

Garden Reach Shipbuilders' revenue from operations increased from Rs 1,754 crore in the financial year 2021-22 to Rs 7,0002 crore in the financial year 2025-26. With this, the company saw a whopping 300% surge in its revenue over the last four years. Not just revenue, GRSE's profit after tax (PAT) also increased by 294% from Rs 190 crore to Rs 748 crore, as per the company press release.

GRSE Delivered 8 Warships

The shipyard also delivered eight warships during the year, including three on the same day on March 30, 2026. These include P17A advanced guided-missile frigate Dunagiri, Sanshodhak, a Survey Vessel (Large) and Anti-Submarine Warfare Shallow Water Craft Agray.

What Navratna Status Means For GRSE?

Navratna status to a PSU allows the company to make larger investments, enhance its ability and expand operations. PSUs get significant financial and operational autonomy. Most importantly, they can make massive capital investments without requiring direct government approval. The prestigious status makes a PSU stand apart from other government-owned companies and boosts its brand image, and also makes it easier to attract global partnerships and it also increases appeal to investors.

"The conferment of Navratna status is a defining moment in GRSE's journey and a matter of immense pride for every member of the GRSE family. This recognition reflects the confidence reposed in us and acknowledges the dedication, commitment and professionalism of our employees, past and present," stated PR Hari, IN (Retd), Chairman and Managing Director, GRSE.

GRSE Share Price Trend

GRSE share price today opened higher after the company announced that it received Navratna status. The Navratna defence PSU stock had touched its 52-week high mark of Rs 3,535.00 per share on June23, 2025. The stock dipped to its 52-week low mark of Rs 1,965 per share on March 30, 2026. The stock has a return on equity (ROE) of 40.6%.

The defence PSU stock has delivered 26.68% return in three months, but it has declined around 12.14% in one year.