Goodluck Defense and Aerospace Ltd - Unlisted Shares
Fundamentals
- Current Price
- ₹490
- Market Cap
- ₹2,406.39 Cr
- ISIN
- INE0S7401019
- Face Value
- ₹10
- P/E Ratio
- 620.25
- EPS
- 0.79
- P/B Ratio
- 13.83
- Book Value
- ₹35.44
- Debt / Equity Ratio
- 0.72
Key Financials
Profit & Loss
| Metric | FY2025 | FY2024 |
|---|---|---|
| Net Revenue | 0.00 | 0.00 |
| Total Operating Expenses | 0.01 | 0.43 |
| Operating Profit | -0.01 | -0.43 |
| Other Income | 6.99 | 3.04 |
| Finance Costs | 1.72 | 0.00 |
| Depreciation and Amortization Expense | 0.00 | 0.00 |
| Profit before Tax | 5.25 | 2.61 |
| Income Tax | 1.38 | 0.76 |
| Tax % | 26.18% | 29.29% |
| Profit After Tax | 3.88 | 1.84 |
| EPS | 0.79 | 1.01 |
Company Financials
| Metric | FY2025 | FY2024 |
|---|---|---|
| Equity Capital | 49.11 | 49.11 |
| Reserves and Surplus | 124.92 | 121.04 |
| Total Equity | 174.03 | 170.15 |
| Long Term Borrowings | 0.00 | 0.00 |
| Other Long Term Liabilities | 0.05 | 0.02 |
| Total Non-Current Liabilities | 0.05 | 0.02 |
| Short Term Borrowings | 124.65 | 0.00 |
| Other Current Liabilities | 27.53 | 0.62 |
| Total Current Liabilities | 152.18 | 0.62 |
| Equity + Liabilities | 326.26 | 170.79 |
| Fixed Assets (incl. WIP) | 228.46 | 20.30 |
| Other Non Current Assets | 0.85 | 0.03 |
| Total NC Assets | 229.30 | 20.33 |
| Trade Receivables | 0.00 | 0.00 |
| Cash and Bank Balances | 20.18 | 104.98 |
| Other Current Assets | 76.78 | 45.48 |
| Total Current Assets | 96.95 | 150.46 |
| Total Assets | 326.26 | 170.79 |
Shareholding Pattern
- Goodluck India Limited
- 79.43%
- Others
- 20.57%
Strengths & Weaknesses
Strengths
- Industrial License: One of very few private players licensed under the Indian Arms Act, 1959 to manufacture artillery shells across all 5 major calibers (105–155mm) including advanced variants. This licence is extremely difficult to obtain, creating a durable barrier to entry.
- Strong parent-company ecosystem: Goodluck India's 39-year history supplies forging components to DRDO, HAL, ISRO, BrahMos, L&T Defence, Godrej Aerospace, and OFB. These pre-existing relationships, quality certifications, and domain knowledge directly benefit GDAL in customer acquisition and production ramp-up.
- Strong near-term order visibility: 8 months of firm orders in hand and 2-year Letters of Intent (LOI) are already secured. First completed orders are ready for dispatch.
- High-margin business model: Expected EBITDA margins on artillery shells segment is 30–35% and on aerospace forgings 28–32%.
- Significant capex already deployed: ₹212 Cr of capex is already deployed as of March 2025. The company is at the production stage awaiting dispatch permissions.
Weaknesses
- Newly Established: As a newly incorporated public limited company (August 31, 2023), Goodluck Defence and Aerospace has yet to commence its business operations, which may pose challenges in establishing market presence and credibility.
- Regulatory dispatch-permission risk. Production commenced in Q3 FY26 but the first order remains undispatched pending government clearance.
About Goodluck Defense and Aerospace Ltd
Goodluck Defence and Aerospace Pvt. Ltd., a wholly-owned subsidiary of Goodluck India Limited, was established on August 31, 2023, to focus on the defense sector. The company specializes in manufacturing advanced military hardware, including 155 mm artillery shells and various military applications like high explosive and precision-guided munitions.
Board of Directors
- Shri Mahesh Chandra Garg - Director
- Shri Ramesh Chandra Garg - Director
- Mr. Madhur Gupta - Non-Executive Independent Director
- Ms. Charu Jindal - Non-Executive Woman Independent Director
Senior Management
- Ms. Jyoti Sachdeva - Company Secretary
- Mr. Arun Kumar - Chief Financial Officer
Frequently Asked Questions
- Is there any lock in period for Goodluck Defense and Aerospace Ltd unlisted shares?
- The lock-in period for Goodluck Defense and Aerospace Ltd Unlisted Shares differs based on the investor category, as per SEBI regulations:
●Venture Capital Funds and Foreign Venture Capital Investors (FVCIs): A lock-in period of 6 months from the date of acquisition of the shares.
●Alternative Investment Funds – Category II (AIF-II): No lock-in period is applicable.
●Other investors (including retail investors, high net-worth individuals (HNIs), and body corporates): A lock-in period of 6 months from the date of IPO listing of Goodluck Defense and Aerospace Ltd.
These norms were introduced by SEBI in August 2021, reducing the earlier lock-in requirement from one year to six months. The change was aimed at improving liquidity and encouraging investor participation in companies preparing for public listings. Since then, interest in pre-IPO investments has increased, with investors exploring opportunities to participate in companies ahead of their potential listing. - How much long term capital gains tax do I have to pay on Goodluck Defense and Aerospace Ltd unlisted shares?
- Long-Term Capital Gains (LTCG) on Unlisted Shares in India arise when such shares are sold after being held for a period of more than two years. The key aspects of LTCG taxation on Goodluck Defense and Aerospace Ltd unlisted shares are outlined below:
1. Tax Rate
Earlier, LTCG on unlisted shares was taxed at 20% with indexation benefits. However, as per Union Budget 2024, the tax structure has been revised. For transfers made on or after 23rd July 2024, LTCG on unlisted shares is taxed at a flat rate of 12.5%.
2. Indexation Benefit
Previously, investors could avail indexation benefits to adjust the purchase price for inflation, thereby reducing taxable gains. This indexation benefit has been removed under Budget 2024 for unlisted shares transferred on or after 23rd July 2024
. 3. Importance for Investors
Understanding LTCG taxation is important for both retail investors and High Net-Worth Individuals (HNIs), as it directly impacts investment returns, exit planning, and overall tax strategy.
4. Calculation Method
For eligible transactions after 23rd July 2024, LTCG will be calculated at a flat tax rate of 12.5% on the capital gains, without indexation.
5. Applicability
LTCG tax is applicable when unlisted shares are held for more than 24 months before being sold.
6. Relevance
These tax provisions are particularly relevant for investors in the unlisted share market who are considering exiting their investments after a long-term holding period. - How do I start investing in Goodluck Defense and Aerospace Ltd unlisted shares through InCred Money?
- Buying Goodluck Defense and Aerospace Ltd Unlisted Shares on InCred Money is quick, seamless, and fully digital.
Step 1: Create Your Account
Sign up using your mobile number and email ID. Complete your KYC by submitting your PAN, Aadhaar, bank account, and demat account details. Once submitted, your KYC is reviewed and approved.
Step 2: Select & Buy Shares Browse and select Goodluck Defense and Aerospace Ltd from our Unlisted Shares list and place your order.
Step 3: Share Transfer Based on the settlement period for the shares noted on the platform, the purchased shares are transferred and reflected in both your InCred Money portfolio and your demat account. - What documents are needed to invest in Goodluck Defense and Aerospace Ltd unlisted shares?
- To invest in Goodluck Defense and Aerospace Ltd Unlisted Shares on InCred Money, you need to complete your The lock-in period for Goodluck Defense and Aerospace Ltd Unlisted Shares differs based on the investor category, as per SEBI regulations:
●Venture Capital Funds and Foreign Venture Capital Investors (FVCIs): A lock-in period of 6 months from the date of acquisition of the shares.
●Alternative Investment Funds – Category II (AIF-II): No lock-in period is applicable.
●Other investors (including retail investors, high net-worth individuals (HNIs), and body corporates): A lock-in period of 6 months from the date of IPO listing of Goodluck Defense and Aerospace Ltd.
These norms were introduced by SEBI in August 2021, reducing the earlier lock-in requirement from one year to six months. The change was aimed at improving liquidity and encouraging investor participation in companies preparing for public listings. Since then, interest in pre-IPO investments has increased, with investors exploring opportunities to participate in companies ahead of their potential listing.KYC verification by submitting the following documents:
●PAN Card
●Aadhaar Card
●Bank account details
●Demat account details
Once your KYC is successfully completed and approved, you can start investing in unlisted shares on the platform.