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GOODLUCKDEFENCE· ISIN INE0S7401019· Ghaziabad, Uttar Pradesh, India· Est. 2023 Verified
Goodluck Defence And Aerospace Unlisted Shares logo

Goodluck Defence And Aerospace Unlisted Shares

Defence & Aerospace
₹435+1.16%

vs. prev. close ₹430

52W High

₹482

52W Low

₹304

Market cap

₹2,136 Cr

IPO stage

No DRHP filed

Risk level

Moderate

CIN

U24103UP2023PLC188289

Price History

52W High

₹482

52W Low

₹304

About Goodluck Defence And Aerospace Unlisted Shares

Goodluck Defence and Aerospace Limited, a newly-commissioned manufacturer of medium-caliber artillery shells (105mm-155mm) under an Indian Arms Act license, posted its first year of commercial revenue in FY26 at Rs 41.50 crore with PAT of Rs 9.05 crore, EPS of Rs 1.84, and ROE of 4.94%, after completing a Rs 116 crore plant build funded largely by fresh borrowings.

The Short Version :

Goodluck Defence and Aerospace Limited, incorporated in 2023, manufactures medium-caliber artillery shells (105mm to 155mm, including HE M107, ERFB, ERFB BB and ERFB BIT variants) under an industrial license granted under the Indian Arms Act, 1959. Its dedicated manufacturing facility was formally inaugurated in October 2025 with an initial capacity of 1,50,000 shells per annum, and FY26 marks the company's first year of commercial revenue: Rs 41.50 crore, against effectively nil in FY25 when the plant was still under construction. PAT rose to Rs 9.05 crore from Rs 3.88 crore (largely interest income pre-commissioning), EPS came in at Rs 1.84 versus Rs 0.79, and ROE improved to 4.94% from 2.23%.


Why It Trades Where It Does :

This is a capacity-commissioning story, not yet a scaled operating one. Rs 116 crore of capital expenditure over FY25-26 converted a large capital-work-in-progress balance into an operating facility (Property, Plant & Equipment jumped from Rs 16.66 crore to Rs 306.72 crore as the plant was capitalized), funded substantially by fresh borrowings, current borrowings alone rose to Rs 198.69 crore. FY26 ROE of 4.94% and Book Value per Share of Rs 37.28 reflect a single year of commercial output against a much larger asset and equity base built for a full 1,50,000-shell annual run rate. The Board has not recommended a dividend, consistent with a business still ramping toward capacity.


Top Risks :

  • Only one year of commercial revenue exists; FY25 was pre-commercial, so there's no multi-year trading track record to assess demand consistency.

  • Current borrowings have scaled sharply (to Rs 198.69 crore) alongside the capex buildout, leaving the balance sheet more leveraged just as the plant ramps toward full capacity.

  • Revenue is concentrated in a single product category (artillery shells) for a small number of likely government/defence-linked buyers, so order timing risk is high.

Top Opportunities :

  • Full facility utilization is still ahead: FY26 revenue of Rs 41.50 crore against a plant built for 1,50,000 shells/annum suggests significant headroom before capacity constraints bind.

  • India's push for domestic defence manufacturing and import substitution in ammunition is a structural tailwind for a licensed artillery-shell producer.

  • ROE more than doubled year-on-year (2.23% to 4.94%) in the very first commercial year, before the business has scaled into its asset base.


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

2023

Headquarters

Ghaziabad, Uttar Pradesh, India

Min Lot Size

500

Face Value

₹10.00

Total Shares

49110000

Regulatory Information

Corporate Identity Number (CIN)

U24103UP2023PLC188289

PAN Number

AAKCG6927D

ISIN

INE0S7401019

Depository

NSDL & CDSL

Registrar & Transfer Agent (RTA)

M/s Nivis Corpserve

Key Valuation Ratios

As of FY2026 Annual · updated 08 Sept 2026Derived

Valuation

Market Cap

₹2,136.29 Cr

P/E Ratio

236.31×

P/S Ratio

51.48×

P/B Ratio

11.67×

EV / EBITDA

82.20×

Returns & Per Share

ROE

4.94%

EPS

₹1.84

Book Value / Share

₹37.28

Solvency

Debt / Equity

1.44×

Interest Coverage

2.25×

Company Fundamentals

As of FY2026 Annual · updated 08 Sept 2026

Gross Profit

₹15.76 Cr

EBITDA

₹29.19 Cr

Revenue Growth

—

Profit Margin

21.78%

Performance Trends

3 annual periods · derived from filed statements

As of FY2026 Annual · updated 08 Sept 2026

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

1.44×

Interest Coverage

2.25×

Financial Statements

As of FY2026 Annual · updated 08 Sept 2026
Disclosed reportedDerived calculated
Line itemFY2024FY2025FY2026
Total Income
Revenue from operationsDisclosed0₹ Crore0₹ Crore41.5₹ Crore
Other incomeDisclosed3.04₹ Crore6.99₹ Crore3.91₹ Crore
Total IncomeDerived3.04₹ Crore6.99₹ Crore45.41₹ Crore
Expenses
Cost of goods soldDisclosed0₹ Crore0₹ Crore25.74₹ Crore
Changes in inventoriesDisclosed0₹ Crore0₹ Crore-41.54₹ Crore
Employee benefits expenseDisclosed0₹ Crore0₹ Crore8.15₹ Crore
Finance costsDisclosed0₹ Crore1.72₹ Crore10.06₹ Crore
Depreciation and amortization expenseDisclosed0₹ Crore0₹ Crore6.52₹ Crore
Other expensesDisclosed43₹ Lakh1₹ Lakh23.87₹ Crore
Total ExpensesDerived43₹ Lakh1.73₹ Crore32.8₹ Crore
Profit
Profit before taxDerived2.61₹ Crore5.26₹ Crore12.61₹ Crore
Current tax expenseDisclosed76₹ Lakh1.38₹ Crore6₹ Lakh
Deferred tax expenseDisclosed0₹ Crore0₹ Crore3.51₹ Crore
Tax expenseDisclosed76₹ Lakh1.38₹ Crore3.57₹ Crore
Profit After TaxDerived1.85₹ Crore3.88₹ Crore9.04₹ Crore
Total Comprehensive IncomeDerived1.85₹ Crore3.88₹ Crore9.04₹ Crore

Documents Library

Access all financial reports and filings

Annual Report

GOODLUCK AR AEROSPACE 2025-26.pdf

2.4 MB

annual report 2024

2024
1.7 MB

annual report 2025

2025
1.8 MB

Document

Corporate Announcement - Subsidiary Merger with Goodluck India

2026
0.4 MB

Press Release - Sole Eligible & Technically Qualified Bidder for Specialized 155 mm HE M1A4 Ready-to-Fill Artillery Shells to Munitions India Limited

2026
0.7 MB

Establishment of new Defence Aerospace Facility

0.7 MB

Goodluck India 500 Cr Defence Capacity Expansion

0.1 MB

Shareholding Pattern

Goodluck India Limited

79.43%

Others

20.57%

S

Shri Mahesh Chandra Garg

Director

20+

S

Shri Ramesh Chandra Garg

Director

20+

M

Mr. Arun Kumar

CFO

20+

Goodluck India Bags Defence Orders worth ₹52.20 Crore

others
27/05/2026

Goodluck India Secures Domestic Order worth ₹52.20 Crore to supply 20,000 empty artillery shells within 3 months

Download Attachment

Goodluck India ₹500 Cr Defence Capacity Expansion others Company will invest ₹500 crore to boost empty shell production from 1.5 to 4 lakh units annually within a year.

others
10/10/2025

Goodluck India ₹500 Cr Defence Capacity Expansion others Company will invest ₹500 crore to boost empty shell production from 1.5 to 4 lakh units annually within a year.

Goodluck India ₹500 Cr Defence Capacity Expansion others Company will invest ₹500 crore to boost empty shell production from 1.5 to 4 lakh units annually within a year.

others
10/10/2025

Goodluck India ₹500 Cr Defence Capacity Expansion others Company will invest ₹500 crore to boost empty shell production from 1.5 to 4 lakh units annually within a year.

Establishment of new Defence & Aerospace Facility corporate_action Goodluck India Ltd. Sets Up ₹216.5 Cr Defence & Aerospace Facility

corporate action
04/01/2025

Establishment of new Defence & Aerospace Facility corporate_action Goodluck India Ltd. Sets Up ₹216.5 Cr Defence & Aerospace Facility

Establishment of new Defence & Aerospace Facility corporate_action Goodluck India Ltd. Sets Up ₹216.5 Cr Defence & Aerospace Facility

corporate action
04/01/2025

Establishment of new Defence & Aerospace Facility corporate_action Goodluck India Ltd. Sets Up ₹216.5 Cr Defence & Aerospace Facility

Express buy interest

No commitment — the desk will reach out

Current Price

₹435
+1.16%
Min lot: 500
Price/share₹435
Quantity100
Estimated Total₹43,500

Secure & Verified Transaction

Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.

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52 Week Range
₹304
₹482

About Goodluck Defence And Aerospace Unlisted Shares unlisted shares

Indicative · updated daily

Goodluck Defence And Aerospace unlisted share price today

Goodluck Defence And Aerospace unlisted share price today is ₹435 as of 16 October 2026.

Goodluck Defence And Aerospace Unlisted Shares — frequently asked questions

What is the grey market price for Goodluck Defence And Aerospace?

No IPO is currently announced for Goodluck Defence And Aerospace, so no grey market exists; the price above reflects Priveq's own desk valuation.

Has Goodluck Defence And Aerospace filed for an IPO, and when might it list?

Goodluck Defence And Aerospace has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.

How does Goodluck Defence And Aerospace compare to its listed peers?

There is no closely comparable listed company for Goodluck Defence And Aerospace in India today.

Is Goodluck Defence And Aerospace on the SME or Mainboard IPO track?

Goodluck Defence And Aerospace has not filed a draft red herring prospectus, so no IPO track is set yet.

What is Goodluck Defence And Aerospace's CIN and registered office?

Goodluck Defence And Aerospace's Corporate Identity Number is U24103UP2023PLC188289, registered at Ghaziabad, Uttar Pradesh, India.

What is Goodluck Defence And Aerospace's market capitalisation?

Goodluck Defence And Aerospace's market capitalisation is approximately ₹2,136 crore, based on its current unlisted share price.

All Defence & Aerospace →

Buying, selling and holding unlisted shares

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Priveq Investech Private Limited is the named counterparty on every transaction. To buy Goodluck Defence And Aerospace 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, Goodluck Defence And Aerospace shares are transferred off-market straight to your demat account, with no pooling and no middlemen.

How do I sell Goodluck Defence And Aerospace unlisted shares?

Submit an Express Sell Interest for Goodluck Defence And Aerospace 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 Goodluck Defence And Aerospace 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.

What is the minimum investment for Goodluck Defence And Aerospace unlisted shares?

Minimum investment varies by company and is shown as the Min Investment figure on this page. Goodluck Defence And Aerospace's minimum is ₹2,17,500.

Is there a maximum investment limit?

There's no fixed maximum investment limit for Goodluck Defence And Aerospace 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.

Is buying Goodluck Defence And Aerospace unlisted shares legal in India?

Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.

What is the lock-in period for Goodluck Defence And Aerospace unlisted shares?

Goodluck Defence And Aerospace 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.

What happens if Goodluck Defence And Aerospace's IPO is delayed or withdrawn?

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How are capital gains on Goodluck Defence And Aerospace unlisted shares taxed?

If you sell unlisted shares, including Goodluck Defence And Aerospace, 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 Goodluck Defence And Aerospace 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 Goodluck Defence And Aerospace 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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How does Priveq determine the desk price for Goodluck Defence And Aerospace?

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 Goodluck Defence And Aerospace specifically, broader sentiment in the unlisted and pre-IPO market, how Goodluck Defence And Aerospace'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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