Table of Contents
Goodluck Defence Unlisted Shares
BUY
₹ 420.00
SELL
₹ 435.00
Goodluck Defense is in an Uptrend as they have received license form government to start producing artillery shells and have commenced production. they also plan to raise funds to increase their capacity from 1,50,000 shells to 4,00,000 shells.
As on 06 Aug 2026, 07:23 PM, we are buying shares of the GOODLUCK DEFENCE AND AEROSPACE LIMITED for ₹ 420.00 and selling them for ₹ 435.00 per share.
About Goodluck Defence Unlisted Shares
Goodluck Defence and Aerospace Private Limited is a newly formed subsidiary of Good Luck India Limited, focusing on the defense and aerospace sector. Established on August 31, 2023, the company aims to become a leading manufacturer of 155 mm artillery shells for both domestic and international defense markets. With a proposed capital expenditure of INR 250 Crore, the company is strategically positioning itself to cater to the increasing demand for high-quality artillery ammunition.
Goodluck Defence plans to leverage advanced forging, machining, and coating technologies to ensure precision, durability, and high performance in its defense products. The company’s production capacity is set at 150,000 artillery shells per annum, making it a significant player in India’s defense manufacturing industry.
View More
Business Divisions
1. Artillery Shell Manufacturing
The company specializes in manufacturing 155 mm artillery shells, which are critical components in modern howitzer systems. These shells have a firing range of 24-32 km and are designed for various military applications, including:
- High explosive (HE) shells
- Precision-guided shells
- Armor-piercing shells
- Fragmentation shells
- Smoke and illumination shells
The highest-grade artillery shell (155mm HE, BB AISI 9260) is priced between USD 1000-1200, targeting premium international markets.
2. Technology and Advanced Manufacturing
To ensure world-class quality, Goodluck Defence is implementing state-of-the-art manufacturing techniques, such as:
- Open forging
- Die forging
- Robotic forging
These technologies enhance efficiency, precision, and production capacity, making Goodluck Defence a trusted supplier for defense forces globally.
3. Global Defense Partnerships
The company is actively seeking Original Equipment Manufacturer (OEM) partnerships with major global defense firms, such as:
- Nexter (France)
- Rosoboronexport (Russia)
- Elbit Systems (Israel)
Additionally, Goodluck Defence has received an Expression of Interest (EOI) from Adani Defence & Aerospace, which is interested in purchasing 33% of the company’s annual production. This early market validation highlights the strong demand for its artillery shells.
Financial Highlights
- Strong Profitability – The company recorded a PAT (Profit After Tax) of INR 1.84 Crore in 2024, despite being a new entrant.
- High Operating Profit Margins (OPM) – With an 85.67% EBITDA margin, the company demonstrates exceptional operational efficiency.
- Debt-Free Structure – The company has zero borrowings, reducing financial risks and ensuring long-term sustainability.
- Strong Asset Base – The total assets stand at INR 171 Crore, with fixed assets of INR 16.6 Crore.
- Consistent Earnings Per Share (EPS) – The EPS for 2024 is INR 0.37, reflecting positive financial growth and profitability potential.
Disclaimer*This research has been conducted on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We are not responsible for any financial losses or inaccuracies in the data provided
Pros
- Strong Parent Company: Backed by Good Luck India, with decades of experience in metal forging and machining.
- Cutting-Edge Manufacturing: Advanced forging technologies ensure high precision and durability.
- High Market Demand: Increasing global defense budgets drive demand for artillery shells.
Cons
- High Capital Expenditure: INR 250 Crore investment may cause initial financial strain.
- Intense Competition: Competing with established manufacturers like Bharat Forge and CHW Forge.
- Regulatory Challenges: Requires government defense agency approvals, potentially delaying production.
Fundamentals
| Share Name | Particulars |
|---|---|
| GOODLUCK DEFENCE AND AEROSPACE LIMITED | 435 |
| Shares Price | Per Equity Share |
| Minimum Lot Size | Shares Worth Rs. 20000 |
| Depository | NSDL & CDSL |
| PAN Number | AAKCG6927D |
| ISIN Number | INE0S7401019 |
| CIN | U24103UP2023PLC188289 |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 1787.6 |
| P/E Ratio | 460.76 |
| P/B Ratio | 9.71 |
| Debt to Equity | 0.72 |
| ROE (%) | 2.23 |
| Book Value | 44.8 |
| EPS | - |
| Face Value | 10 |
| Total Shares | 49110000 |
Financials
| P&L Statement | 2025 | 2024 |
|---|---|---|
| Revenue | 0 | 0 |
| Cost of Material Consumed | 0 | 0 |
| Gross Profit Margins | - | - |
| EBITDA | -0.01 | -0.43 |
| EBITDA Margins | - | - |
| EBIT | 6.98 | 2.61 |
| EBIT Margins | - | - |
| PBT | 5.25 | 2.61 |
| PAT | 3.88 | 1.84 |
| NPM | - | - |
| EPS | 0.79 | 0.38 |
| Cash Flow Statement | 2025 | 2024 |
|---|---|---|
| Cash from Operating Activity | -26.66 | -46.91 |
| Cash from Investing Activity | -201.17 | -17.27 |
| Cash from Financing Activity | 124.65 | 168.3 |
| Net Cash Flow | -103.18 | 104.13 |
| Assets | 2025 | 2024 |
|---|---|---|
| Fixed Assets | 16.66 | 16.66 |
| CWIP | 211.79 | 3.64 |
| Investments | 0 | 0 |
| Trade Receivables | 0 | 0 |
| Inventory | 1.19 | 0 |
| Other Assets | 96.61 | 150.49 |
| Total Assets | 326.26 | 170.79 |
| Liabilities | 2025 | 2024 |
|---|---|---|
| Share Capital | 49.11 | 49.11 |
| Reserves | 124.92 | 121.04 |
| Borrowings | 124.65 | 0 |
| Trade Payables | 0.15 | 0.01 |
| Other Liabilities | 27.43 | 0.64 |
| Total Liabilities | 326.26 | 170.79 |
Peer Comparison
| Company | Market Cap (cr.) | Revenue (cr.) | P/E | P/B | ROE (%) |
|---|---|---|---|---|---|
| GOODLUCK DEFENCE AND AEROSPACE LIMITED | 1787.6 | 0 | 460.76 | 9.71 | 2% |
| Kineco Unlisted Shares | 2341.09 | 245 | 180.06 | 14.02 | 11% |
| GARUDA AEROSPACE LIMITED | 2331.74 | 117.68 | 136.2 | 13.21 | 10% |
| RRP S4E Unlisted Share | 99.25 | 40.57 | 7.73 | 0.92 | 0% |
| GFCL EV PRODUCTS LIMITED | 29548.46 | 33.22 | -283.28 | 19.51 | -113% |
| C&S Electric Unlisted Shares | 8619 | 2877 | 26.85 | 20.86 | 37% |
Promoters or Management
| Name | Designation |
|---|---|
| Mr. Arun Kumar | CFO |
| Shri Mahesh Chandra Garg | Director |
| Shri Ramesh Chandra Garg | Director |
Frequently Asked Questions
Is it legal to buy Goodluck Defence unlisted shares in India?
The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.
How to buy Goodluck Defence unlisted shares?
The procedure to buy Goodluck Defence unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller. Once the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day.
Is Goodluck Defence involved in selling its unlisted shares?
In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.
When will the Goodluck Defence unlisted shares be credited into my demat account?
The Goodluck Defence unlisted shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.
Is there any minimum lot size limit to buy Goodluck Defence unlisted shares?
The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size of Goodluck Defence, please visit the stock page on our website: www.delistedstocks.in
How is the market price of Goodluck Defence unlisted shares determined?
There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares.
What is the minimum lock-in period for Goodluck Defence unlisted shares?
Before IPO, there is no restriction on sale and transfer of your Goodluck Defence unlisted shares. But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period of 6 months after listing on the stock exchange.
How to sell Goodluck Defence unlisted shares?
Once the selling price and quantity of shares is agreed with us, we will provide you with a UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds are released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares.