Garden Reach Shipbuilders Q1 Review - Execution Pickup Expected In FY22E: 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. reported a muted Q1 FY22.The company has laid the keel of third survey vessel large and first Anti-Submarine Warfare Shallow Water Craft. Garden Reach also started production of second and third ship (Yard 3030 and Yard 3031) of the eight ASWSWC project on July 14, 2021. Production has started of the ocean going passenger cum cargo ferry vessel for the Republic of Guyana. The company laid the keel of fast patrol vessel. Further, the company bagged an order to build 06 patrol boats for government of Bangladesh for $1.82 million. Overall, Garden Reach is well placed with ~20 times book to bill with Rs 262 billion orderbook to be completed by CY27; pick up in execution cycle will help unlock value. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Garden Reach Shipbuilders Q1 Review - Execution Pickup Expected In FY22E: ICICI Securities

Garden Reach Shipbuilders Q1 Review - Execution Pickup Expected In FY22E: ICICI Securities

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