Defence • Warship and defence shipbuilding
Goa Shipyard Limited (GSL) is a central public sector enterprise under the Ministry of Defence, Government of India. It designs and builds warships and other vessels, repairs ships and does specialised engineering work. Its portfolio includes next generation frigates, offshore patrol vessels, fast patrol vessels, pollution control vessels, a floating dock and a dredger. The yard is based at Vasco-da-Gama, Goa. It is a Miniratna Category-1 company and was recently given Schedule 'A' status. Its main customers are Indian defence forces. In FY26 it signed a ₹127 crore contract for 10 patrol boats for the Indian Army. Its order book stood at ₹13,126 crore on 31 March 2026. The company says a major Indian Navy contract is in the final stages of conclusion and, once signed, the order book will go above ₹32,400 crore. On the numbers, revenue from operations rose to ₹3,764 crore in FY26 and profit after tax was ₹331 crore, per the annual report. The figures here are as printed in its standalone financial statements. The company has no borrowings and paid a dividend of ₹8.55 per equity share, which is 171% of paid-up share capital. Ownership is concentrated. The President of India holds 51.09% of the equity shares and Mazagon Dock Shipbuilders Ltd. holds 47.21%. The company has 11,64,03,748 equity shares of ₹5 each. Goa Shipyard has not filed a DRHP with SEBI and is not listed on any stock exchange. Its shares trade off-market through unlisted share dealers, so the price on this page is indicative at ₹2,675 per share and not an exchange price. At that price the implied market cap is about ₹31,138 crore. These are facts, not a recommendation to buy or sell.
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Data refreshed 08 Nov 2026, 07:00 pm IST.