Garuda Aerospace Ltd
vs. prev. close ₹432
52W High
₹465
52W Low
₹430
Market cap
₹2,252 Cr
IPO stage
No DRHP filed
CIN
U74900TN2015PLC102474
Price History
52W High
₹465
52W Low
₹430
About Garuda Aerospace Ltd
Garuda Aerospace Limited, a Chennai-based integrated drone technology company serving 400+ cities across 16 countries, grew FY26 revenue 66.82% to Rs 205.96 crore and PAT 41.10% to Rs 25.92 crore (EPS Rs 4.99, ROE 10.80%), while completing a large bonus issue and 5:1 stock split that took its share count from roughly 1.08 crore to 4.82 crore ahead of a likely public listing.
The Short Version :
Garuda Aerospace Limited, founded in 2015 and headquartered in Chennai, is an integrated drone technology company spanning design, manufacturing, and deployment of unmanned aerial systems across agriculture, defence, surveillance, infrastructure, mapping, logistics, and disaster management, serving 400+ cities across 16 countries. FY26 revenue from operations grew 66.82% to Rs 205.96 crore from Rs 123.46 crore, with PAT up 41.10% to Rs 25.92 crore from Rs 18.37 crore. EPS came in at Rs 4.99 versus Rs 3.67 a year earlier (both on a post-split, post-bonus comparable basis), with ROE at 10.80% for the year. The company also completed a large bonus issue and a 5:1 stock split during FY26, taking shares outstanding from roughly 1.08 crore to 4.82 crore.
Why It Trades Where It Does :
Garuda's growth is genuine on the topline, revenue up 66.82% against PAT up 41.10%, meaning margins compressed slightly even as the business scaled, with total expenses rising faster in the mix (impairment losses on financial assets jumped to Rs 11.13 crore from Rs 0.07 crore). Trade receivables also grew 109.4% to Rs 234.40 crore, far outpacing revenue growth, worth watching for collection quality as the customer base scales. Book Value per Share stands at Rs 49.71 on the current 4.82 crore-share base. The bonus issue and share split during the year are the kind of housekeeping companies typically do ahead of a public listing, rather than routine capital actions, and no dividend was recommended for FY26, consistent with a business reinvesting in growth.
Top Risks :
Trade receivables grew 109.4% year-on-year, nearly double the pace of revenue (66.82%), a warning sign on collection discipline as the business scales.
Impairment losses on financial assets jumped to Rs 11.13 crore from just Rs 0.07 crore, an early signal of some receivables or asset quality strain.
PAT growth (41.10%) trailing revenue growth (66.82%) shows margins are under some pressure even during a strong growth phase.
Top Opportunities :
Revenue nearly grew 1.7x in a single year, reflecting strong demand across the company's agriculture, defence, surveillance, and infrastructure drone segments.
A diversified product and service portfolio (hardware plus Drone-as-a-Service) reduces dependence on any single customer vertical.
The FY26 bonus issue and stock split point toward listing-readiness, which could bring a liquidity and governance upgrade for existing shareholders.
Disclaimer :
Priveq.in is an informational platform for unlisted and pre-IPO shares, operated by Priveq Investech Private Limited (the named counterparty on transactions). Unlisted shares carry risks including illiquidity, valuation uncertainty, and limited regulatory disclosure. This page is informational only and does not constitute investment advice.
Company Details
Industry
Defence & Aerospace
Founded
2015
Headquarters
Chennai, TN, India
Min Lot Size
1
Face Value
₹2.00
Shares Outstanding
5,21,35,780
Regulatory Information
Corporate Identity Number (CIN)
U74900TN2015PLC102474
PAN Number
AAGCG1621A
ISIN
INE0RE01021
Key Valuation Ratios
Valuation
Market Cap
₹2,252.27 Cr
P/E Ratio
86.89×
P/S Ratio
10.94×
P/B Ratio
9.39×
EV / EBITDA
57.98×
Returns & Per Share
ROE
10.81%
EPS
₹4.97
Book Value / Share
₹46.00
Solvency
Debt / Equity
0.09×
Interest Coverage
33.76×
Company Fundamentals
As of FY2026 Annual · updated 11 Sept 2026Gross Profit
₹89.14 Cr
EBITDA
₹39.19 Cr
Revenue Growth
66.82%
Profit Margin
12.58%
Performance Trends
4 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.09×
EBITDA Margin
19.03%
Interest Coverage
33.76×
Financial Statements
| Line item | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Total Income | ||||
| Revenue from operationsDisclosed | 47₹ Crore | 109.95₹ Crore | 123.46₹ Crore | 205.96₹ Crore |
| Other incomeDisclosed | 6₹ Lakh | 82₹ Lakh | 1.35₹ Crore | 27₹ Lakh |
| Total IncomeDerived | 47.06₹ Crore | 110.77₹ Crore | 124.81₹ Crore | 206.23₹ Crore |
| Expenses | ||||
| Cost of goods soldDisclosed | 10.79₹ Crore | 50.16₹ Crore | 72.32₹ Crore | 116.82₹ Crore |
| Purchases of stock-in-tradeDisclosed | — | — | 11₹ Lakh | 4₹ Lakh |
| Changes in inventoriesDisclosed | -1.35₹ Crore | -1.23₹ Crore | -16.59₹ Crore | 1.82₹ Crore |
| Employee benefits expenseDisclosed | 8.6₹ Crore | 10.59₹ Crore | 9.55₹ Crore | 8.02₹ Crore |
| Finance costsDisclosed | 96₹ Lakh | 2.05₹ Crore | 1.23₹ Crore | 1.04₹ Crore |
| Depreciation and amortization expenseDisclosed | 1.5₹ Crore | 1.99₹ Crore | 3.6₹ Crore | 4.08₹ Crore |
| Other expensesDisclosed | 18.15₹ Crore | 25.9₹ Crore | 29.18₹ Crore | 40.34₹ Crore |
| Total ExpensesDerived | 38.65₹ Crore | 89.46₹ Crore | 99.4₹ Crore | 172.16₹ Crore |
| Profit | ||||
| Profit before taxDerived | 8.41₹ Crore | 21.31₹ Crore | 25.41₹ Crore | 34.07₹ Crore |
| Current tax expenseDisclosed | 2.48₹ Crore | 5.5₹ Crore | 6.7₹ Crore | 10.51₹ Crore |
| Deferred tax expenseDisclosed | -23₹ Lakh | -1₹ Lakh | 24₹ Lakh | -1.87₹ Crore |
| Tax expenseDisclosed | 2.25₹ Crore | 5.49₹ Crore | 7.04₹ Crore | 8.15₹ Crore |
| Profit After TaxDerived | 6.16₹ Crore | 15.82₹ Crore | 18.37₹ Crore | 25.92₹ Crore |
| Other comprehensive incomeDisclosed | — | — | -4₹ Lakh | 16₹ Lakh |
| Total Comprehensive IncomeDerived | 6.16₹ Crore | 15.82₹ Crore | 18.33₹ Crore | 26.08₹ Crore |
Agnishwar Jayprakash
Director, CEO
10+
Ritika Mohan
Director
10+
Sudarshan Ravichandran
CFO
15+
Express buy interest
No commitment — the desk will reach out
Current Price
₹432Secure & Verified Transaction
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About Garuda Aerospace Ltd unlisted shares
Indicative · updated dailyGaruda Aerospace Ltd unlisted share price today
Garuda Aerospace Ltd unlisted share price today is ₹432 as of 26 October 2026.
Garuda Aerospace Ltd — frequently asked questions
- What is the grey market price for Garuda Aerospace Ltd?
No IPO is currently announced for Garuda Aerospace Ltd, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has Garuda Aerospace Ltd filed for an IPO, and when might it list?
Garuda Aerospace Ltd has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does Garuda Aerospace Ltd compare to its listed peers?
There is no closely comparable listed company for Garuda Aerospace Ltd in India today.
- Is Garuda Aerospace Ltd on the SME or Mainboard IPO track?
Garuda Aerospace Ltd has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is Garuda Aerospace Ltd's CIN and registered office?
Garuda Aerospace Ltd's Corporate Identity Number is U74900TN2015PLC102474, registered at Chennai, TN, India.
- What is Garuda Aerospace Ltd's market capitalisation?
Garuda Aerospace Ltd's market capitalisation is approximately ₹2,252 crore, based on its current unlisted share price.
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Buying, selling and holding unlisted shares
Applies to every company on Priveq- How do I buy Garuda Aerospace Ltd unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy Garuda Aerospace Ltd unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Garuda Aerospace Ltd shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
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Submit an Express Sell Interest for Garuda Aerospace Ltd through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Garuda Aerospace Ltd shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
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Minimum investment varies by company and is shown as the Min Investment figure on this page. Garuda Aerospace Ltd's minimum is ₹432.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for Garuda Aerospace Ltd unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
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- What is the lock-in period for Garuda Aerospace Ltd unlisted shares?
Garuda Aerospace Ltd has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
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- How are capital gains on Garuda Aerospace Ltd unlisted shares taxed?
If you sell unlisted shares, including Garuda Aerospace Ltd, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Garuda Aerospace Ltd lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in Garuda Aerospace Ltd unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
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Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Garuda Aerospace Ltd specifically, broader sentiment in the unlisted and pre-IPO market, how Garuda Aerospace Ltd's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
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