ET Intelligence Group: Revenue growth at Garden Reach Shipbuilders, a manufacturer of warships for the Indian Navy, is likely to pick up soon. This may attract investors, who would have revenue visibility for the next 3-4 years during which the company would make frigates for the Navy.
Three frigates — medium-size warships — worth Rs 19,500 crore are being built at Garden Reach, and execution has reached a criticality threshold that would allow the company begin recognising revenue. This means the peak revenue in the next 3-4 years could be potentially three times of last fiscal year’s sales. Read More…
