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Goodluck Defence ₹434 ▲ 1.4% 1M

Goodluck Defence Unlisted Shares

Defence Aerospace & Defence

Goodluck Defence and Aerospace is an Indian manufacturer of precision defence components, structural assemblies, and aerospace parts supplying to DRDO, HAL, and OFB.

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Indicative price
As of 23 Oct 2026
₹434 ▲ 1.40% in 1 month
Dealer quotes: ₹422 – ₹434 across 3 dealers
Key facts

Goodluck Defence share details

Lot size
100 shares
Min. investment
₹43,400
Face value
₹10
Implied market cap
₹2,451 Cr
Shares outstanding
56,470,000
Founded
2023
Headquarters
Ghaziabad, Uttar Pradesh
ISIN
INE0S7401019
CIN
U24103UP2023PLC188289
Lock-in after IPO
6 months
Price history

Goodluck Defence share price chart

1Y change
+17.93%
High
₹482
Low
₹308

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About Goodluck Defence

Goodluck Defence and Aerospace Limited is a Noida-based manufacturer of high-precision defence and aerospace components. The company supplies critical parts to major defence PSUs including HAL, DRDO, and Ordnance Factory Board. Its product portfolio covers structural assemblies, precision-machined components, sheet metal parts, and composites used in aircraft, missiles, and artillery systems. With India's rising defence exports and indigenisation push under Make in India, the company is well-positioned for long-term growth. It is part of the Goodluck Group.
IPO outlook

When is the Goodluck Defence IPO?

Anticipated
FY26-27
Strong tailwinds from India's defence capex push, PLI schemes, and rising indigenous procurement. DRDO and HAL partnerships add revenue visibility. IPO expected as the sector sees heightened investor interest post-Paras Defence listing.

Strengths

  • Backed by a listed parent: Goodluck India Limited holds 79.43% of the equity shares as on 31 March 2025, and the company shares directors with it.
  • Equity of ₹17,402.51 lakh on 31 March 2025 was raised through a rights issue and a preferential issue at ₹150 per share, giving it capital to build the plant without relying only on debt.
  • The manufacturing facility has been installed. The FY25 annual report says the company is waiting for regulatory approval to start production.
  • It was profitable on paper in both years, with profit after tax of ₹387.88 lakh in FY25 and ₹184.24 lakh in FY24, though this came from interest income.
  • Capital work in progress grew to ₹21,179.47 lakh from ₹363.95 lakh in one year, which shows how quickly the capacity build-out moved.

Risks

  • No operating revenue yet. Revenue from operations was nil in FY25 and FY24, and the whole income of ₹698.50 lakh in FY25 was interest income.
  • Production depends on regulatory approval that had not been received as of the FY25 annual report, so the start date is uncertain.
  • Debt rose from nil to ₹12,465.12 lakh in FY25, all shown as short-term borrowings, which adds repayment and interest cost pressure. Finance cost was ₹172.04 lakh in FY25.
  • ₹8,135.00 lakh of the borrowings is an unsecured loan from related parties, so the company depends on its promoter group for funding.
  • Operating cash flow was negative at ₹2,665.91 lakh in FY25 and ₹4,690.69 lakh in FY24, and cash and cash equivalents fell to ₹95.32 lakh from ₹10,413.13 lakh.
  • Contracts worth ₹1,941.70 lakh remained to be executed on capital account, and outstanding bank guarantees were ₹262.00 lakh, both not provided for in the accounts.
  • Earnings per share fell to ₹0.79 in FY25 from ₹1.01 in FY24, even though profit after tax rose, as the shares were outstanding for the full year in FY25.
  • The defence sector depends on government orders and approvals, and the annual report does not name any customer or order book.
  • Unlisted shares trade off-market with indicative prices, so liquidity is thin and the price can differ from what a listing would fetch.
Financials

Goodluck Defence financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY25Latest FY24
Revenue (₹ Cr) 0.00 0.00
EBITDA (₹ Cr) 6.98 2.61
PAT (₹ Cr) 3.88 1.84
RoNW (%) 2.23 1.08
EPS (₹) 0.79 1.01
Debt / Equity 0.72 0.00
Total Assets (₹ Cr) 326 171
Net Worth (₹ Cr) 174 170

Swipe the table sideways for earlier years →

Leadership

Management team

Mahesh Chandra Garg
Whole Time Director
Whole Time Director and key managerial personnel since the first AGM held on 21.09.2024.
Ramesh Chandra Garg
Whole Time Director
Whole Time Director and key managerial personnel since the first AGM held on 21.09.2024.
Arun Kumar
Chief Financial Officer
Chief Financial Officer of the company.
Jagdish Pratap
Company Secretary
Company Secretary, appointed with effect from 1 March 2025.
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FAQs

Goodluck Defence unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.