ABOUT GOA SHIPYARD LIMITED
GOA SHIPYARD LIMITED (‘GSL’) is a Government of India-owned defense public sector undertaking under the administrative control of the Ministry of Defence, Department of Defence Production. Goa Shipyard Limited is a Miniratna company. The company is engaged in the business of Shipbuilding, Ship Repair, and General Engineering Services for defense and commercial sectors.
The company’s shipyard is located at Vasco da Gama, Goa. Goa Shipyard Limited has completed the construction of dedicated infrastructure for the production of GRP vessels and set up separate facilities to support Ship Repair & General Engineering Services activities, as part of diversification. The company has set up a liaison office in Karwar, Karnataka to explore ship repair opportunities.
In the recent past, Goa Shipyard Limited has grown exponentially on diverse fronts offering end-to-end solutions for design, construction, and through-life support for defense platforms. The company has emerged as a leading shipbuilder in the Indian sub-continent, capable of indigenously designing and building with state-of-the-art high technology and sophisticated ships to cater to maritime security requirements of the country and its friendly neighbors.
Indian Navy, Indian Coast Guard, Oil and Natural Gas Commission, Government of Goa, and Government of Yemen are some of the prominent clients of Goa Shipyard Limited.
The delivered product range of Goa Shipyard Limited includes Offshore Patrol Vessels, Fast Patrol Vessels, Missile Crafts, Sail Training Ships, Tugs, Boats, Fishing Vessels, Passenger Vessels, etc. While, in the last 3 decades, the company has attained domain expertise in Offshore Patrol Vessels and Fast Attack Crafts, and now the Yard is upgrading and up-skilling to more advanced and complex platforms such as Frigates and Corvettes. The Shipyard has further diversified into the design and construction of Glass Reinforced Plastic (GRP) vessels, Hovercrafts, Damage Control Simulator (DCS), Survival at Sea Training Facility (SSTF), Shore Based Test Facility (SBTF), Stern Gear and Shafting equipment.
29 September 1967
Category/Sub-category of the Company
Address of the Registered office and contact details
Vaddem House, Vaddem,
Vasco-da-Gama, Goa - 403 802
Tel: (0832) 2512152 to 2512156,
2512359 (24 hours)
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
PurvaSharegistry (India) Pvt. Ltd.
9 Shiv Shakti Ind. Estt.,
J R Boricha Marg, Lower Parel East,
Mumbai- 400 011
Tel.: 2301 6761 / 2301 2518
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Ship Repairs & General Engineering Services
BOARD OF DIRECTORS
Cmde B. B. Nagpal, NM, IN (Retd.) (Chairman & Managing Director)
Smt. Richa Misra (Government Nominee Director)
Shri T. N. Sudhakar (Director, Finance)
Capt. Jagmohan, IN (Retd.) (Director, CPP&BD)
Shri Brajesh Kumar Upadhyay (Director, Operations)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
GOA SHIPYARD LIMITED does not have any subsidiary or associate company.
GOA SHIPYARD LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 5 Per Equity Share
Last Traded Price:
Rs. 2619.08 Crore
(As on 31-03-2020)
NUMBER OF SHARES
% OF TOTAL SHARES OF THE COMPANY
President of India
Mazagon Dock Shipbuilders Limited
The Indian defense sector has largely been dependent on imports for critical technologies and equipment. However, of late, the Government of India has made substantial progress in not only achieving self-reliance but also shedding the tag of the leading importer of defense products and has moved a step further to transcending into exports of defense equipment. Towards the same, the Government in its quest to boost indigenous defense manufacturing has taken substantive steps such as ease of licensing in defense, increased thrust on exports, accelerating the process of Acceptance of Necessity and RFPs, and encouraging private sector participation in defense production.
As per a published report, the Indian Navy’s perspective plan envisaged augmentation of its fleet size from the present 150 to 200 nos. by 2027. Indian Coast Guard is also on a similar expansion program, coherent with the policy of securing coastal territory. This expansion of maritime forces is expected to provide a spurt in the indigenous shipbuilding arena. Besides, the Government of India’s indigenization plan is also expected to give a fillip to the growth of ancillaries and generally improve the shipbuilding environment in the country.
In commercial shipbuilding, the requirements envisaged in Coastal and Inland Waterways transportation present the most promising segment. The new multi-modal freight terminal in Varanasi, being part of the Jal Marg Vikas project, marked the beginning of the government’s effort to resurrect the Ganga as a significant transportation artery. The Company has built a River Passenger Ferry for use in the inland waterways segment and thus making an inroad in this segment.
The use of new technologies, such as autonomous vessels, artificial intelligence (AI), and automation are the key drivers of the shipbuilding market across the globe. Additionally, the adoption of robotic technologies and Industry 4.0 technologies are likely to supplement the shipbuilding market in the near future. There is immense potential to forge strategic partnerships and convert India into a hub for defense shipbuilding exports and to offer maintenance support services to friendly foreign countries.
PROFIT & LOSS STATEMENT OF GOA SHIPYARD LIMITED (In Rs. Lakhs)
Revenue from Operations
Profit/Loss before Tax
Profit After Tax (PAT)
BALANCE SHEET OF GOA SHIPYARD LIMITED (In Rs. Lakhs)
31st March 2020
31st March 2019
NON CURRENT ASSETS
Property, Plant and Equipment
Other Non-current Assets
TOTAL NON CURRENT ASSETS
Cash and cash equivalent
Other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity Share Capital
Other Financial Liabilities
Deferred Tax Liabilities (Net)
Other Non-current Liabilities
TOTAL NON-CURRENT LIABILITIES
Other financial liabilities
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 2.83% from Rs. 90,561.30 lakhs in FY 2019 to Rs. 93,127.02 lakhs in FY 2020.
EBITDA of the company increased by 6.38% from Rs. 17,847.49 lakhs in FY 2019 to Rs. 18,985.77 lakhs in FY 2020. EBITDA margins of the company improved slightly from 19.71% in FY 2019 to 20.39% in FY 2020.
Net Profit of the company increased significantly by 50.38% from Rs. 13,151.88 lakhs in FY 2019 to Rs. 19,777.46 lakhs in FY 2020. Profit After Tax margins increased from 13.33% in FY 2019 to 18.45% in FY 2020.
Total Book Value of the Company as of 31stMar 2020 stood at Rs.1,02,567.03 lakhs, which is an all-time high in the 60 years of the Company’s history. Book value per equity share of the company as of 31st March 2020 was Rs. 88.11.
As of 31st Mar 2020, the net value of the work to be executed against orders received for Ship Construction, Ship Repair/Refit work, and General Engineering Services amounted to Rs. 14,610 Crore (approximately).
The Current Ratio of the company as of 31st March 2020 was 1.32.
The company does not have any borrowings.
Goa Shipyard Limited has given a dividend of Rs. 5.50 per equity share for FY 2020.
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