Goa Shipyard Limited Unlisted Share
₹2,675▼5.31%(150.00)
About the company
Goa Shipyard Limited (GSL) is one of India's leading defense shipbuilding companies, with a legacy that dates back to 1961, following the liberation of Goa. Originally established as Estaleiros Navais de Goa, the shipyard was recognized for its strategic potential and steadily transformed into a modern, state-of-the-art shipbuilding facility. Today, operating under the administrative control of the Department of Defence Production, GSL has earned a strong reputation for designing, building, repairing, and modernizing a wide range of advanced vessels for both defense and commercial applications.
The company plays a vital role in strengthening India's maritime defense capabilities by building sophisticated warships and patrol vessels for the Indian Navy, Indian Coast Guard, and other domestic as well as international customers. In addition to defense platforms, Goa Shipyard Limited manufactures a diverse portfolio of commercial vessels, including offshore supply vessels, oceanographic and coastal research vessels, fishing vessels, dredgers, tugs, and other specialized marine craft designed to meet varying operational requirements.
Fundamentals
Valuation
Registry
| Metric | Value |
|---|---|
| PAN number | AAACG7569F |
| ISIN number | INE178Z01013 |
Figures in cr ·
Financials
| P&L Statement | 2026Latest | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | 3,764.3 | 2851 | 1753 | 869 | 740 | 860 |
| EBITDA | 282 | 121 | 102 | 90 | 71 | 132 |
| OPM | 17.13 | 4.24 | 5.82 | 10.36 | 9.59 | 15.35 |
| PBT | 442 | 379 | 364 | 204 | 135 | 172 |
| PAT | 331 | 289 | 271 | 154 | 101 | 128 |
| EPS | 28.44 | 24.83 | 23.28 | 13.23 | 8.68 | 11 |
Shareholding Pattern
| Holder | Percentage |
|---|---|
| President of India | 51.09% |
| Mazagon Dock Shipbuilders Ltd | 47.21% |
| Others | 1.60% |
Leadership
| Name | Role | Experience | |
|---|---|---|---|
| Brajesh Kumar Upadhyay | Chairman & MD | 30+ yrs experience | — |
| Sunil Shivaling Bagi | Director & CFO | 30+ yrs experience | — |
| T. Natrajan | Director | 25+ yrs experience | — |
Frequently asked questions
Common questions on Goa Shipyard Limited Unlisted Share—tap a row to read the answer.
Q.1What are Goa Shipyard Limited unlisted shares?
Goa Shipyard Limited unlisted shares are equity shares of the company that are not traded on any recognized stock exchange. These shares are bought and sold through private, off-market transactions between buyers and sellers. Investors often consider unlisted shares as a long-term investment opportunity before a potential public listing
Q.2Is it legal to invest in Goa Shipyard Limited unlisted shares in India?
Yes. Buying and selling unlisted shares is legal in India when the transaction follows applicable regulations and is completed through valid off-market share transfers. Investors should ensure that the shares are genuine, held in demat form, and transferred using the prescribed depository process.
Q.3How can I buy Goa Shipyard Limited unlisted shares?
Purchasing Goa Shipyard Limited unlisted shares generally involves completing KYC formalities, agreeing on the transaction price, making payment, and receiving the shares directly into your demat account through an off-market transfer. Settlement timelines may vary depending on documentation and depository procedures.
Q.4How can I sell Goa Shipyard Limited unlisted shares?
If you already own Goa Shipyard Limited unlisted shares, you can sell them through an off-market transaction to an interested buyer. Once the sale terms are finalized, the shares are transferred from your demat account to the buyer's account, and the payment is settled according to the agreed process.
Q.5What documents are required to buy unlisted shares?
Most transactions require a PAN card, Aadhaar or another valid identity proof, address proof, bank account details, and an active demat account. Completing KYC is generally mandatory before the transaction can be processed.
Q.6Do I need a demat account to invest in Goa Shipyard Limited unlisted shares?
Yes. Since unlisted shares are typically transferred electronically through NSDL or CDSL, an active demat account is required to receive, hold, and later sell your shares.
Q.7Is Goa Shipyard Limited a pre-IPO company?
Goa Shipyard Limited, being an unlisted public sector undertaking, cannot be compared to a normal private pre-IPO company. As of now, there is no official confirmation about the opening of a DRHP or an IPO prospectus for the company. Therefore, it is essential to understand that buying shares in the unlisted entity does not guarantee an IPO or a stock exchange listing in the future. Goa Shipyard Limited is under the administrative control of the Ministry of Defence and has been upgraded to Schedule ‘A’ CPSE category with effect from February 2026.
Q.8How can I invest in Goa Shipyard pre-IPO shares?
Investors seeking Goa Shipyard shares are likely to have to look in the private unlisted market, if available. But bear in mind that there is a world of difference between an unlisted stock and a pre-IPO opportunity. So prior to buying into an unlisted entity, you need to ask yourself about the company's financials, government ownership stakes, business pipeline, exposure to defence sector, share valuation and liquidity. Any hope of an eventual IPO or listing should be kept separate from the investment thesis, unless there is an official announcement or regulatory filing to that effect. Besides, unlisted shares tend to have a longer lock-in period as there is no stock exchange window for exiting.
Q.9What is the minimum investment required for Goa Shipyard unlisted shares?
There is no specific quantity of minimum investment, as laid out byNSE or BSE for Goa Shipyard as of now, as it is an unlisted stock. The quantity, as well as the rates in some cases, may vary depending on the seller, agent, their current stock, and deal terms. Some private marketplaces may have a minimum lot size policy. Moreover, it is advised to check the latest available quantity, indicative price, and overall value before making any order. Liquidity must also be taken into account, as there is no guarantee that an investor will be able to sell unlisted shares at the desired price in time.
Q.10How can I sell Goa Shipyard unlisted shares?
Generally, the unlisted shares of Goa Shipyard can only be sold through an unlisted share dealer or to a qualified buyer on the private market. This is because, unlike publicly traded stocks, there is no constant NSE/BSE order book for unlisted shares. As a consequence, it may not always be possible to sell unlisted stock. The sale price of the unlisted share can differ from the purchase price as well as the indicative price shown on the website. Investors must ensure that they understand who the buyer is, what the transaction charges are, how the transfer of ownership will take place, how long it will take to settle the trade, and what taxes apply before buying unlisted shares. Liquidity risk should also be taken into account while buying unlisted shares.
Q.11What is the lock-in period for Goa Shipyard unlisted shares?
There are no standard lock-in periods that should be applied to every Goa Shipyard unlisted-share transaction. The restrictions that apply to the shares can depend on how they were acquired and any regulatory requirements that exist at the relevant time. If the company were to do a future IPO or another listing-related event, there may be specific regulations that apply to pre-listing shareholders. Investors should therefore check the relevant terms at the time of purchase, rather than assuming that another lock-in period is in place for unlisted or pre-IPO shares.
Unlisted Trending shares
High-demand unlisted opportunities currently available for trade.
MARKET INSIGHTS & UPDATES
Read the latest updates, investment ideas, and market insights designed to help investors better understand unlisted and pre-IPO opportunities.

Top 10 Unlisted Shares in India in 2026: Companies, Fundamentals & What Investors Should Know
Explore 10 unlisted shares in India in 2026, including MSEI, Garuda Aerospace, OYO, Goodluck Defence, 63SATS, NCDEX, API Holdings and more.

Unlisted Share Price List India — Buy and sell Pre-IPO Shares
Unlisted shares pertain to equity shares which are not listed on recognized stock exchanges. This guide explains the mechanics of unlisted shares, the process by which an investor can purchase them, the method of valuation and red flags which should be noted by an investor prior to buying unlisted shares. The article also highlights the differences between listed, unlisted, and pre-IPO shares while discussing the risks such as low liquidity, valuation, business, and IPO risk. The article provides a checklist and frequently asked questions to understand the nuances of unlisted shares.

MSEI, Zepto and Other Pre-IPO Shares Move: 2026 Performance
MSEI surged over 124% while Zepto declined nearly 48% in 2026. Explore how other pre-IPO and unlisted shares performed and what the latest market trends mean for investors.

Sagar Defence Unlisted Share: Price, Financials & Why Investors Are Watching This Defence-Tech Stock
Sagar Defence Engineering's unlisted shares are drawing attention as India's defence-tech push gains momentum. Here's a look at the company, its FY26 numbers, and what to know before investing.

API Holdings & MSEI Unlisted Shares Surge: What’s Driving the Rally?
API Holdings and MSEI unlisted shares are witnessing sharp price movements, attracting fresh investor attention. Discover what is driving the rally, the latest trends and key factors to consider before investing.

NSE IPO Price Band vs NSE Unlisted Share Price — What Is the Difference?
The upcoming NSE IPO has created strong interest around the difference between the -NSE IPO price band and NSE unlisted share price. Recent reports indicate a possible IPO price range of ₹1,700–₹1,785, while NSE unlisted shares were around ₹2,045 on 9 September 2026. This blog explains why these prices can differ and covers NSE’s latest financial performance, valuation, IPO structure, lock-in period, business strengths and key risks investors should understand before evaluating NSE shares.
