Goa Shipyard Share Price Description – Goa Shipyard (GSL) is a prominent Indian shipbuilder with a rich history and a strong presence in the defense sector. GSL has been at the heart of India’s shipbuilding industry since 1957. That experience shows in the high-quality vessels it designs and constructs for the Indian Navy and the Indian Coast Guard—and for clients around the world. As an unlisted company, GSL is often of interest to investors looking for opportunities in the defense and shipbuilding sectors.
At its core, GSL is a shipbuilder. And that means building the kinds of ships that meet the exacting needs of its clients. Offshore patrol vessels, fast patrol vessels, mine countermeasure vessels are just a few examples. With a skilled workforce and cutting-edge facilities, GSL delivers on that promise. Ship repair and modernization projects are another area where the company excels.
Products & Services of Goa Shipyard
- Design and Construction of Ships – That’s where most of GSL’s revenue comes from—around 91%. The company builds a wide range of vessels, from Advanced Frigates to Pollution Control Vessels. Those vessels serve the Indian Navy, the Indian Coast Guard and international clients. GSL is known for delivering complex, technology-intensive ships that meet the toughest defense and commercial requirements.
- Ship Repair – While ship repairs make up a smaller portion of GSL’s revenue, they’re just as vital for maintaining relationships with the Indian Navy, Coast Guard and commercial clients. Last fiscal year, GSL completed refits of five vessels. That kind of comprehensive maintenance service is what keeps those relationships strong.
- General Engineering Services (GES) – GSL’s engineering division offers specialized solutions for shipbuilding and naval applications. In the last fiscal year, the company delivered a Damage Control Simulator to the Indian Navy ahead of schedule. It supplied specialized boats to the Indian Army. And it’s investing in research and development—focusing on making Indian shipbuilding more self-sufficient and technologically advanced. Autonomous Surface Vessels are just one area where GSL is pushing the boundaries.
- Modernization and Infrastructure – Modernization and infrastructure are key to GSL’s success. The yard has been extensively modernized to incorporate the latest technologies in shipbuilding. That included the commissioning of Phases 1 and 2 of the Modernization Project in 2011. That gave GSL the capacity to dock vessels up to 120 meters in length and 6,000 tons. With that upgrade, GSL became India’s first defense shipyard equipped with a modern ship lift facility for launching and docking ships.
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Strategic Initiatives and Growth Prospects
GSL’s order book of INR 18,562 crore is a reflection of its strong market position and future growth prospects. The company is working on new projects including 14 Next Generation Offshore Patrol Vessels (NGOPVs) for Indian Navy. This contract signed on 30th March 2023 is with Garden Reach Shipbuilders & Engineers (GRSE) where GSL will design, develop and build 7 of these vessels. The delivery of the ships will start from September 2026.
GSL is also expanding its global footprint by taking up international projects like construction of a Floating Dry Dock for Sri Lanka Navy and a next generation trailing Suction Hopper Dredger for Luxembourg based Jan De Nul Group.
Key Highlights FY 2023 – 24
- GSL maintains a robust order book valued at INR 18,562 crore, indicating strong future growth prospects.
- In FY 2023-24, GSL achieved a record-breaking gross revenue exceeding INR 2,000 crore, marking a 100% increase from the previous year.
- The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 65%, and Profit After Tax (PAT) rose by 76%.
- The company is expanding its global footprint, undertaking projects such as constructing a Floating Dry Dock for the Sri Lanka Navy and securing a contract to build a Next-generation trailing Suction Hopper Dredger for Luxembourg-based Jan De Nul Group.
- The company is executing multiple contracts, comprising a total of 22 platforms, the highest in the history of GSL.
- As of 31 Mar 2024, the company workforce of 1,384 includes executives, supervisors, workmen, and trainees, with notable representation of women and individuals from various social categories.
Goa Shipyard Share Price – Clients
- Indian Army
- Indian Navy
- Indian Coast Guard
- Oil & Natural Gas Corporation
- Mormugao Port Trust
- Madras Port Trust
- Tutikorin Port Trust
- Government of Goa
- Government of Maldives
- Government of Mozambique
- Government of Yemen
- Exploratory Fisheries Project, Mumbai
- Central Institute of Fisheries, Mumbai
- Royal Navy of Oman
- Central Marine Fisheries Research Institute
- Ministry of Home Affairs, Govt. of India
- Government of Iran
- Government of Srilanka
- Government of Mauritius
- Government of Mayanmaar
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Goa Shipyard Board of Directors
- Mr. Brajesh Kumar Upadhyay, Chairman & Managing Director
- Capt. Jagmohan, IN (Retd), Director
- Shri. Sunil Shivaling Bagi, Director
- Shri Amit Satija, Part-Time Official (Government) Director
Goa Shipyard Unlisted Share Price Details
| Name | Goa Shipyard Unlisted Share Price |
| Face Value | INR 5 per share |
| ISIN Code | INE178Z01013 |
| Lot Size | 100 share |
| Demat Status | NSDL, CDSL |
| Goa Shipyard Share Price | INR 2,650 per share |
| Market Cap | INR 30,847 crores |
| Total number of shares | 11,64,03,748 shares |
| Website | www.goashipyard.in |
Goa Shipyard Unlisted Share Details – Shareholding Pattern
Details of shareholders’ holding of the equity shares capital in the company as of 31 March 2024:
| Shareholder Name | % to Holding | No. of shares |
| President of India | 51.09 | 5,94,66,780 |
| Mazagon Dock Shipbuilders | 47.21 | 5,49,57,600 |
| General Public and Others | 1.70 | 19,79,368 |
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Goa Shipyard Unlisted Share Price – Financial Performance
| Particulars | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 740.35 | 869.43 | 1,752.56 |
| Revenue Growth (%) | (13.96) | 17.43 | 101.58 |
| Expenses | 725.68 | 840.79 | 1,726.20 |
| Net Income | 101.09 | 154.54 | 271.32 |
| Margin (%) | 13.65 | 17.77 | 15.48 |
| EBITDA (%) | 26.38 | 30.75 | 25.10 |
| ROCE (%) | 12.00 | 16.27 | 25.27 |
| RONW (%) | 9.00 | 12.91 | 20.22 |
| EPS | 8.68 | 13.28 | 23.31 |
Goa Shipyard Unlisted Share Price – Peer Comparison
| Company | 3-yr Sales CAGR (%) | PE Ratio | Net Margin (%) | ROCE (%) | MCap (INR Cr.) |
| Goa Shipyard | 26.8 | 113.69 | 15.5 | 25.3 | 30,847 |
| Mazagon Dock Shipbuilders | 32.7 | 37.3 | 20.5 | 44.2 | 1,02,547 |
| Garden Reach Shipbuilders | 46.6 | 47.5 | 9.9 | 27.4 | 18,743 |
| Cochin Shipyard | 8.95 | 41.5 | 22.3 | 21.6 | 36,588 |
Goa Shipyard Annual Reports
Goa Shipyard Annual Report FY 2023 – 2024
Goa Shipyard Annual Report FY 2022 – 2023
Goa Shipyard Annual Report FY 2021 – 2022
Goa Shipyard Unlisted Share Price FAQs
What comprises the Goa Shipyard business portfolio?
Goa Shipyard’s business portfolio includes shipbuilding, ship repair, and general engineering services. GSL serves the defense and commercial sectors.
What is Goa Shipyard unlisted share price?
Goa Shipyard share price today is INR 2,650 per share. Shares are purchased in lots of 100 shares.
Who determines Goa Shipyard unlisted share price?
Goa Shipyard share price is determined by various factors including recent transaction price, supply and demand, valuation in the latest funding round, profitability, and return ratios.
When is the Goa Shipyard IPO planned?
GSL does not currently plan to go public. It is a public-sector undertaking that builds defense ships in Vasco da Gama, Goa.