Garden Reach Shipbuilders & Engineers Ltd
NSE:GRSE

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Garden Reach Shipbuilders & Engineers Ltd
NSE:GRSE
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Price: 2 431 INR -0.75%
Market Cap: 278.5B INR

Relative Value

The Relative Value of one GRSE stock under the Base Case scenario is 3 505.27 INR. Compared to the current market price of 2 431 INR, Garden Reach Shipbuilders & Engineers Ltd is Undervalued by 31%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

GRSE Relative Value
Base Case
3 505.27 INR
Undervaluation 31%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
19
vs Industry
39
Median 3Y
3.8
Median 5Y
2.5
Industry
5.1
Forward
3.9
vs History
25
vs Industry
21
Median 3Y
36.7
Median 5Y
25.9
Industry
37
Forward
35.8
vs History
vs Industry
19
Median 3Y
3.5
Median 5Y
-1.7
Industry
22.9
vs History
vs Industry
18
Median 3Y
-15.5
Median 5Y
-6.3
Industry
36.9
vs History
17
vs Industry
9
Median 3Y
9.3
Median 5Y
4.7
Industry
4.8
vs History
17
vs Industry
43
Median 3Y
3
Median 5Y
0.8
Industry
5.3
Forward
3.5
vs History
22
vs Industry
32
Median 3Y
14.7
Median 5Y
3.2
Industry
15.3
vs History
28
vs Industry
11
Median 3Y
36.7
Median 5Y
17
Industry
21.6
Forward
33.4
vs History
30
vs Industry
11
Median 3Y
44.4
Median 5Y
22.5
Industry
29
Forward
31.1
vs History
vs Industry
26
Median 3Y
0.6
Median 5Y
-0.1
Industry
23.7
vs History
vs Industry
27
Median 3Y
-14.8
Median 5Y
-3.1
Industry
30.1
vs History
14
vs Industry
36
Median 3Y
2.2
Median 5Y
0.5
Industry
3.2

Multiples Across Competitors

GRSE Competitors Multiples
Garden Reach Shipbuilders & Engineers Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
IN
Garden Reach Shipbuilders & Engineers Ltd
NSE:GRSE
278.5B INR 4.7 45.2 43.4 47.2
US
RTX Corp
LSE:0R2N
262.6B USD 3.1 39.8 22.7 34.3
US
Raytheon Technologies Corp
NYSE:RTX
266.6B USD 3.1 40.4 23.1 34.7
NL
Airbus SE
PAR:AIR
170.1B EUR 2.4 33.6 19.9 30.2
US
Boeing Co
NYSE:BA
184.3B USD 2.3 -18.1 -31.7 -24.4
FR
Safran SA
PAR:SAF
134.2B EUR 4.6 31.1 22.5 29.4
UK
Rolls-Royce Holdings PLC
LSE:RR
107.8B GBP 5.5 18.6 25.5 32.5
US
Lockheed Martin Corp
NYSE:LMT
131.7B USD 1.8 31.4 19 24.1
DE
Rheinmetall AG
XETRA:RHM
87.1B EUR 7.9 103.8 44.9 59.5
US
General Dynamics Corp
NYSE:GD
98.9B USD 1.9 23.5 17 19.9
US
Northrop Grumman Corp
NYSE:NOC
93.3B USD 2.3 23.2 19.1 26
P/E Multiple
Earnings Growth PEG
IN
Garden Reach Shipbuilders & Engineers Ltd
NSE:GRSE
Average P/E: 39.1
45.2
29%
1.6
US
RTX Corp
LSE:0R2N
39.8
28%
1.4
US
Raytheon Technologies Corp
NYSE:RTX
40.4
29%
1.4
NL
Airbus SE
PAR:AIR
33.6
22%
1.5
US
Boeing Co
NYSE:BA
Negative Multiple: -18.1 N/A N/A
FR
Safran SA
PAR:SAF
31.1
N/A N/A
UK
Rolls-Royce Holdings PLC
LSE:RR
18.6
8%
2.3
US
Lockheed Martin Corp
NYSE:LMT
31.4
11%
2.9
DE
Rheinmetall AG
XETRA:RHM
103.8
60%
1.7
US
General Dynamics Corp
NYSE:GD
23.5
12%
2
US
Northrop Grumman Corp
NYSE:NOC
23.2
3%
7.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
Garden Reach Shipbuilders & Engineers Ltd
NSE:GRSE
Average EV/EBITDA: 25.7
43.4
36%
1.2
US
RTX Corp
LSE:0R2N
22.7
18%
1.3
US
Raytheon Technologies Corp
NYSE:RTX
23.1
18%
1.3
NL
Airbus SE
PAR:AIR
19.9
19%
1
US
Boeing Co
NYSE:BA
Negative Multiple: -31.7 N/A N/A
FR
Safran SA
PAR:SAF
22.5
16%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
25.5
17%
1.5
US
Lockheed Martin Corp
NYSE:LMT
19
10%
1.9
DE
Rheinmetall AG
XETRA:RHM
44.9
41%
1.1
US
General Dynamics Corp
NYSE:GD
17
10%
1.7
US
Northrop Grumman Corp
NYSE:NOC
19.1
6%
3.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IN
Garden Reach Shipbuilders & Engineers Ltd
NSE:GRSE
Average EV/EBIT: 33.8
47.2
44%
1.1
US
RTX Corp
LSE:0R2N
34.3
31%
1.1
US
Raytheon Technologies Corp
NYSE:RTX
34.7
31%
1.1
NL
Airbus SE
PAR:AIR
30.2
26%
1.2
US
Boeing Co
NYSE:BA
Negative Multiple: -24.4 N/A N/A
FR
Safran SA
PAR:SAF
29.4
20%
1.5
UK
Rolls-Royce Holdings PLC
LSE:RR
32.5
21%
1.5
US
Lockheed Martin Corp
NYSE:LMT
24.1
12%
2
DE
Rheinmetall AG
XETRA:RHM
59.5
45%
1.3
US
General Dynamics Corp
NYSE:GD
19.9
11%
1.8
US
Northrop Grumman Corp
NYSE:NOC
26
7%
3.7