amit@unlistedkraft.in
+91-9599071664
+91-9599071664
Goa Shipyard Limited Unlisted Shares
DRHP Status : Not Filed
3040
Fundamentals About Goa Shipyard Limited
Downloads & Investor Documents
All documents are provided for informational purposes and are subject to regulatory disclosures.
Key Financials of Goa Shipyard Limited
| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 740 | 869 | 1753 | 2851 |
| Cost of Material Consumed | 364 | 397 | 1197 | 2247 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Gross Margins | 50.81 | 54.32 | 31.72 | 21.19 |
| Employee Benefit Expenses | 141 | 161 | 158 | 162 |
| Other Expenses | 164 | 221 | 296 | 321 |
| EBITDA | 71 | 90 | 102 | 121 |
| OPM | 9.59 | 10.36 | 5.82 | 4.24 |
| Other Income | 120 | 176 | 338 | 340 |
| Finance Cost | 0.25 | 0.5 | 0.3 | 0.5 |
| D&A | 56 | 62 | 75 | 81 |
| EBIT | 15 | 28 | 27 | 40 |
| EBIT Margins | 2.03 | 3.22 | 1.54 | 1.4 |
| PBT | 135 | 204 | 364 | 379 |
| PBT Margins | 18.24 | 23.48 | 20.76 | 13.29 |
| Tax | 34 | 50 | 93 | 90 |
| PAT | 101 | 154 | 271 | 289 |
| NPM | 13.65 | 17.72 | 15.46 | 10.14 |
| EPS | 8.68 | 13.23 | 23.28 | 24.83 |
Financial Ratios |
2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 9.59 | 10.36 | 5.82 | 4.24 |
| Net Profit Margin | 13.65 | 17.72 | 15.46 | 10.14 |
| Earning Per Share (Diluted) | 8.68 | 13.23 | 23.28 | 24.83 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 754 | 972 | 1034 | 972 |
| CWIP | 333 | 110 | 5 | 13 |
| Investments | 0 | 0 | 0 | 1 |
| Trade Receivables | 190 | 169 | 111 | 81 |
| Inventory | 48 | 114 | 369 | 717 |
| Other Assets | 3434 | 4766 | 5595 | 5576 |
| Total Assets | 4759 | 6131 | 7114 | 7360 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 58.2 | 58.2 | 58.2 | 58.2 |
| FV | 5 | 5 | 5 | 5 |
| Reserves | 1091 | 1189 | 1380 | 1563 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 271 | 413 | 460 | 554 |
| Other Liabilities | 3338.8 | 4470.8 | 5215.8 | 5184.8 |
| Total Liabilities | 4759 | 6131 | 7114 | 7360 |
About Company
Goa Shipyard Limited (GSL) is a premier, government-owned defense PSU under the Ministry of Defence, specializing in designing and building sophisticated vessels for the Indian Navy and Coast Guard. Established in 1957, this unlisted company is a leading, debt-free shipyard known for in-house R&D, with a strong order book and substantial revenue growth
The following table presents a 10-point analysis of Goa Shipyard Limited. Each parameter is discussed in detail in the sections that follow.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | Defence shipbuilding PSU | Goa Shipyard Limited designs and builds naval vessels and marine engineering systems for defence and maritime security agencies. |
| Ownership | Government of India | The company operates under the administrative control of the Ministry of Defence (India). |
| Industry Segment | Defence shipbuilding | The company operates in India’s defence manufacturing sector focused on naval ship construction. |
| Core Products | Patrol vessels Offshore patrol vessels Interceptor boats |
The company designs and builds specialized ships used by defence and maritime security agencies. |
| Key Customers | Defence and maritime forces | Major clients include the Indian Navy and the Indian Coast Guard. |
| Infrastructure | Shipbuilding yard in Goa | The company operates a modern shipyard equipped with shipbuilding and marine engineering facilities. |
| Revenue Model | Government defence contracts | Revenue is generated primarily through shipbuilding contracts awarded by defence agencies. |
| Export Capability | Defence exports | Goa Shipyard has delivered vessels to several friendly foreign countries. |
| Growth Drivers | Defence modernization | Increasing focus on indigenous defence manufacturing supports the company’s growth prospects. |
| Liquidity | Private market trading | Goa Shipyard unlisted shares trade in the private market depending on investor demand. |
Company Overview
(i) Goa Shipyard Limited is a defence public sector enterprise engaged in the design, construction, and repair of naval vessels.
(ii) The company operates under the Ministry of Defence (India), playing an important role in India’s defence manufacturing ecosystem.
(iii) Goa Shipyard specializes in patrol vessels, fast interceptor boats, offshore patrol vessels, and other defence ships used in maritime security.
(iv) The company has delivered numerous vessels to the Indian Navy and Indian Coast Guard, strengthening India’s coastal and maritime defence capabilities.
(v) The shipyard also undertakes repair, modernization, and technology transfer projects, supporting lifecycle management of naval vessels.
(vi) Goa Shipyard has expanded its capabilities in ship design, marine engineering, and defence manufacturing technologies.
(vii) With India focusing on self-reliance in defence manufacturing, defence shipyards such as Goa Shipyard are expected to play a critical role in future naval expansion.
Challenges in the Business
- Dependence on defence contracts: The company’s revenue depends heavily on orders from defence agencies.
- Long execution timelines: Shipbuilding projects typically require multi-year construction and delivery cycles.
- High capital intensity: Shipbuilding requires specialized infrastructure, engineering expertise, and significant capital investment.
Financial Review of Goa Shipyard Limited
Here are some highlights of the financial performance of Goa Shipyard Limited over the past few years.
FY22 Performance
• Revenue from operations stood at ₹740 crore.
• EBITDA was ₹195 crore.
• Profit after tax (PAT) was ₹101 crore.
• Earnings per share stood at ₹8.68.
FY23 Performance
• Revenue from operations increased to ₹869 crore.
• EBITDA rose to ₹267 crore.
• Profit after tax stood at ₹155 crore.
• Earnings per share improved to ₹13.28.
FY24 Performance
• Revenue from operations surged to ₹1,753 crore.
• Profit before tax was ₹365 crore.
• Profit after tax increased to ₹271 crore.
• Earnings per share rose to ₹23.31.
Promoters of Goa Shipyard Limited
The promoter of Goa Shipyard Limited is the Government of India, acting through the Ministry of Defence (India).
| Name | Role |
|---|---|
| Government of India | Promoter |
| Ministry of Defence | Administrative Authority |
Quick Summary
Goa Shipyard Limited is a defence public sector enterprise engaged in naval shipbuilding and marine engineering.
The company builds vessels for the Indian Navy and Indian Coast Guard, and benefits from India’s increasing focus on domestic defence manufacturing.
With a strong order book and growing defence spending, Goa Shipyard plays an important role in India’s maritime defence infrastructure.
Click Here to visit the official website of Goa Shipyard Ltd.
Shareholding Pattern of Goa Shipyard Limited
| Name | Holding |
|---|---|
| President Of India | 51.09% |
| Mazagon Dock Shipbuilders Ltd | 47.21% |
| Others | 1.6% |
Latest News
Latest Post
Coming soon...
Coming soon...
Frequently Asked Questions
Goa Shipyard unlisted shares are equity shares of Goa Shipyard Limited that are not listed on stock exchanges but may trade privately in the unlisted market.
Yes, investors can purchase Goa Shipyard unlisted shares through private market platforms that facilitate unlisted share transactions.
Yes, the company is a defence public sector enterprise owned by the Ministry of Defence (India).
The company manufactures naval vessels including patrol vessels, interceptor boats, and offshore patrol vessels used for maritime security.
If unlisted shares are held for more than two years, capital gains are taxed at 20% with indexation. If sold earlier, gains are taxed according to the investor’s income tax slab.
+91-9599071664
amit@unlistedkraft.in