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. Established in 1957, GSL has been instrumental in designing and constructing a wide array of vessels for the Indian Navy and the Indian Coast Guard. As an unlisted company, information about its share price and trading activity is often of interest to investors looking for opportunities in the defense and shipbuilding industries.
GSL specializes in building various types of ships, including offshore patrol vessels (OPVs), fast patrol vessels (FPVs), and mine countermeasure vessels (MCMVs). With state-of-the-art facilities and a skilled workforce, the company has consistently delivered high-quality vessels that meet the stringent requirements of its clients. Goa Shipyard is also actively involved in ship repair and modernization projects.
Products & Services of Goa Shipyard
- Design and Construction of Ships – This is the cornerstone of GSL’s operations, contributing approximately 91% of its turnover. The company specializes in designing and building a diverse range of vessels, including Advanced Frigates, Offshore Patrol Vessels (OPVs), Fast Patrol Vessels (FPVs), and Pollution Control Vessels (PCVs). These vessels serve the Indian Navy, Indian Coast Guard, and international clients. GSL is renowned for delivering complex, technology-intensive ships that meet stringent defense and commercial requirements.
- Ship Repair – While ship repairs constitute a smaller portion of GSL’s revenue, this segment is vital for maintaining and strengthening relationships with the Indian Navy, Coast Guard, and commercial clients. In the fiscal year 2023-24, GSL completed refits of five vessels, underscoring its commitment to providing comprehensive maintenance services.
- General Engineering Services (GES) – This division offers specialized engineering solutions related to shipbuilding and naval applications. In FY 2023-24, GES achieved significant milestones, such as delivering a Damage Control Simulator to the Indian Navy ahead of schedule and supplying specialized boats to the Indian Army. GSL is also investing in research and development, focusing on indigenization and technological advancements, including the development of Autonomous Surface Vessels.
- Modernization and Infrastructure – GSL has undergone extensive modernization to incorporate the latest technologies in shipbuilding. The commissioning of Phases 1 and 2 of the Modernization Project on 21 May 2011, enhanced the yard’s infrastructure, enabling it to dock vessels up to 120 meters in length and 6,000 tons. This development positioned GSL as India’s first defense shipyard equipped with a modern ship lift facility for launching and docking ships. The modernization has significantly increased GSL’s capacity to fabricate steel, aluminum, and GRP hull vessels, tripling its previous capacity and boosting its ship repair capabilities.
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Strategic Initiatives and Growth Prospects
GSL’s robust order book, valued at INR 18,562 crore, underscores its strong market position and future growth potential. The company is actively pursuing new projects, including the construction of 14 Next Generation Offshore Patrol Vessels (NGOPVs) for the Indian Navy. This contract, signed on 30 March 2023, involves collaboration with Garden Reach Shipbuilders & Engineers (GRSE), with GSL responsible for designing, developing, and manufacturing seven of these vessels. The delivery of the ships is scheduled to commence in September 2026.
Additionally, GSL is expanding its global footprint by undertaking international 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.
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 of total 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 Details |
| Face Value | INR 5 per share |
| ISIN Code | INE178Z01013 |
| Lot Size | 100 share |
| Demat Status | NSDL, CDSL |
| Goa Shipyard Share Price | INR 2,600 per share |
| Market Cap | INR 30,265 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 Details – 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 crore) |
| Goa Shipyard | 26.8 | 111.5 | 15.5 | 25.3 | 30,265 |
| Mazagon Dock Shipbuilders | 32.7 | 30.8 | 20.5 | 44.2 | 84,768 |
| Garden Reach Shipbuilders | 46.6 | 37.6 | 9.9 | 27.4 | 14,829 |
| Cochin Shipyard | 8.95 | 41.1 | 22.3 | 26.6 | 33,806 |
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 2,600 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 have plans to go public. GSL is a public sector undertaking that builds defense ships in Vasco da Gama, Goa.