In 1961, after Goa’s liberation, the potential of a small shipyard called “Estaleiros Navais de Goa” to contribute towards this national aspiration was recognized. The Yard later renamed Goa Shipyard Limited, was consciously shaped, developed and upgraded to become one of the country’s premier defense shipbuilding hubs on the west coast. Goa Shipyard Limited, under the administrative control of the Department of Defence Production, designs and builds sophisticated ships for the Indian Navy, Coast Guard, and other customers. It also builds commercial vessels like Offshore supply Vessels, Oceanography & Coastal Research Vessels, Fishing Vessels, Dredgers, Tugs, etc.
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 860 | 740 | 869 | 1753 |
| Cost of Material Consumed | 462 | 364 | 397 | 1197 |
| Gross Margins | 46.28 | 50.81 | 54.32 | 31.72 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Employee Benefit Expenses | 138 | 141 | 161 | 158 |
| Other Expenses | 128 | 164 | 221 | 296 |
| EBITDA | 132 | 71 | 90 | 102 |
| OPM | 15.35 | 9.59 | 10.36 | 5.82 |
| Other Income | 90 | 120 | 176 | 338 |
| Finance Cost | 0.26 | 0.25 | 0.5 | 0.3 |
| D&A | 50 | 56 | 62 | 75 |
| EBIT | 82 | 15 | 28 | 27 |
| EBIT Margins | 9.53 | 2.03 | 3.22 | 1.54 |
| PBT | 172 | 135 | 204 | 364 |
| PBT Margins | 20 | 18.24 | 23.48 | 20.76 |
| Tax (2021) | 44 | 34 | 50 | 93 |
| PAT | 128 | 101 | 154 | 271 |
| NPM | 14.88 | 13.65 | 17.72 | 15.46 |
| EPS | 11 | 8.68 | 13.23 | 23.28 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 15.35 | 9.59 | 10.36 | 5.82 |
| Net Profit Margin | 14.88 | 13.65 | 17.72 | 15.46 |
| Earning Per Share (Diluted) | 11 | 8.68 | 13.23 | 23.28 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 746 | 754 | 972 | 1034 |
| CWIP | 288 | 333 | 110 | 5 |
| Investments | 0 | 0 | 0 | 0 |
| Trade Receivables | 202 | 190 | 169 | 111 |
| Inventory | 57 | 48 | 114 | 369 |
| Other Assets | 2894 | 3434 | 4766 | 5595 |
| Total Assets | 4187 | 4759 | 6131 | 7114 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 58.2 | 58.2 | 58.2 | 58.2 |
| FV | 5 | 5 | 5 | 5 |
| Reserves | 1040 | 1091 | 1189 | 1380 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 304 | 271 | 413 | 460 |
| Other Liabilities | 2784.8 | 3338.8 | 4470.8 | 5215.8 |
| Total Liabilities | 4187 | 4759 | 6131 | 7114 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT | 172 | 135 | 205 | 365 |
| OPBWC | 106 | 38 | 64 | 81 |
| Change in Receivables | -83 | 12 | 21 | 58 |
| Change in Inventories | 22 | 9 | -66 | -255 |
| Change in Payables | 126 | -34 | 142 | 47 |
| Other Changes | 958 | 604 | 979 | 739 |
| Working Capital Change | 1023 | 591 | 1076 | 589 |
| Cash Generated From Operations | 1129 | 629 | 1140 | 670 |
| Tax | -49 | -52 | -65 | -134 |
| Cash Flow From Operations | 1080 | 577 | 1075 | 536 |
| Purchase of PPE | -57 | -63 | -280 | -136 |
| Sale of PPE | 0.5 | 0.5 | 1 | 0.22 |
| Cash Flow From Investment | -892 | -553 | -648 | -57 |
| Borrowing | 0 | 0 | 0 | 0 |
| Divided | -55 | -49 | -56 | -77 |
| Equity | 0 | 0 | 0 | 0 |
| Others From Financing | -1 | -2 | -2 | -2 |
| Cash Flow from Financing | -56 | -51 | -58 | -79 |
| Net Cash Generated | 132 | -27 | 369 | 400 |
| Cash at the Start | 19 | 151 | 124 | 493 |
| Cash at the End | 151 | 124 | 493 | 893 |
