Garden Reach Shipbuilders & Engineers Limited, a prominent shipbuilding company in India serving the Indian Navy and Coast Guard, experienced a 5% boost in stock prices following the signing of two MoUs. The first MoU, with Merlinhawk Aerospace, aims to collaborate on developing composite doors, hydrogen fuel cell power generation, and counter UAV solutions for maritime applications. The second MoU, with KELTRON, focuses on advancing core technologies for underwater surveillance. The company's order book stands at Rs. 22,652.68 Crores, encompassing projects like warships and survey vessels. In terms of financials, Garden Reach Shipbuilders exhibited substantial revenue growth from Rs. 2,561 Crores to Rs. 3,593 Crores in FY24, along with improved profits. The return on equity (ROE) and return on capital employed (ROCE) ratios stood at 23.1% and 28.4%, respectively, indicating efficient performance. Additionally, the company's debt-to-equity ratio was reported at 0.04, showcasing a strong financial position. Overall, the market response to the MoU signings was positive, reflecting investor confidence in the company's strategic collaborations and future prospects in the defence and maritime sectors.