Is Garden Reach Shipbuilders & Engineers Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Garden Reach Shipbuilders & Engineers Ltd (GRSE.NS) is currently classified as NOT HALAL as of May 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Garden Reach Shipbuilders & Engineers Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Garden Reach Shipbuilders & Engineers Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Garden Reach Shipbuilders & Engineers Ltd?

Muslim investors may consider investing in Garden Reach Shipbuilders & Engineers Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Garden Reach Shipbuilders & Engineers Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Garden Reach Shipbuilders & Engineers Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Garden Reach Shipbuilders & Engineers Ltd updated?

The Shariah compliance status of Garden Reach Shipbuilders & Engineers Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Garden Reach Shipbuilders & Engineers Ltd become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Garden Reach Shipbuilders & Engineers Ltd?

You can check the latest Shariah compliance status of Garden Reach Shipbuilders & Engineers Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

GRSE.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 06, 2026

Report Source: 2026 3rd Quarter Report

Garden Reach Shipbuilders & Engineers Ltd. Stock Analysis GRSE.NS

India Industrials Mid Cap Report: Q3, 2026

Garden Reach Shipbuilders & Engineers Ltd. engages in shipbuilding business. The company is headquartered in Kolkata, West Bengal. The company went IPO on 2018-10-10. The firm is under the administrative control of the Ministry of Defense, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. The firm's divisions include ship division, engineering division and engine division. The company has built over 800 platforms, including 114 warships for Indian Navy, Indian Coast Guard and Govt. of Mauritius and Govt. of Seychelles. The company has designed and built warships, such as frigates, anti-submarine warfare corvettes, fleet tanker and landing ship tank (large), among others. Its engineering product includes prefabricated steel bridges of various ranges and types, and various deck machinery items such as anchor capstans, boat davits, and others. The firm is also engaged in engineering activities. The company is involved in assembly/testing/overhauling of marine diesel engines and the manufacture of naval surface guns.

Key Statistics of Garden Reach Shipbuilders & Engineers Ltd (GRSE.NS)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

₹2,638.00₹2,736.50

Today's Open

₹2,719.00

Volume

1.38M

P/E Ratio (TTM)

41.47

52 Week Range

₹1,793.00₹3,538.40

Market Cap

318.38B

Avg. Volume

2.86M

Dividend Yield

0.66%

Financial Metrics & Statements of Garden Reach Shipbuilders & Engineers Ltd (GRSE.NS)

FAQ's for Garden Reach Shipbuilders & Engineers Ltd (GRSE.NS)

According to Musaffa’s Shariah screening methodology, Garden Reach Shipbuilders & Engineers Ltd (GRSE.NS) is currently classified as NOT HALAL as of May 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.