Garden Reach Shipbuilders - Execution Pickup Expected In FY22: ICICI Securities

Garden Reach Shipbuilders & Engineers Ltd.'s Rajabagan Dockyard in Kolkata, India. (Source: Company website)

Garden Reach Shipbuilders - Execution Pickup Expected In FY22: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Garden Reach Shipbuilders and Engineers Ltd. signalled significant YoY improvement in execution while maintaining margins for FY22E.

Rs 250.8 billion orderbook with meaningful capacity upgrades to speed up execution and smart outsourcing/in-house mix allows for the management confidence.

FY21 revenue break consists of:

  1. Rs 10.1 billion in shipbuilding including Rs 140 million of refits and repairs

  2. Rs 500 million from Bailey bridges

  3. Rs 170 million from deck machinery and pump and

  4. Rs 180 million from engine division.

Click on the attachment to read the full report:

ICICI Securities Garden Reach Shipbuilders Q4FY21 Concall Update.pdf

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