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GLOBAL DEFENCE INDUSTRIES LIMI

Consumer Durables › Consumer Durables
₹11.61
at close · 4 Mar 2026
▲ 0.55 (+4.97%)
ThemesDefence· core

Latest filings

  1. Routine Compliance: Registrar Certificate for Q2 FY27 Dematerialisation · Compliance
  2. 41st AGM voting results: All 14 resolutions passed with 100% approval · Board & Shareholder Meetings
  3. Proceedings of the 41st Annual General Meeting of the Company · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures defence ammunition and weapons systems through subsidiaries, with a recently inaugurated manufacturing complex in Shirdi, Maharashtra. The flagship line is 155mm artillery shells at subsidiary Globe Forge Limited, with a stated annual capacity of 5,00,000 shells, claimed to be the largest in India's private sector for artillery shell manufacturing. Other lines include indigenous TNT and RDX explosives, the 'Suryastra' 300km universal rocket launching system and 'Skystriker' 100km loitering munition, plus a Space and Satellite Technologies division and a Bio-CNG and Hydrogen Fuel Plant. Revenue is small at ₹42.79 crore in FY26 and the group is in a heavy capex phase, with capex at 498% of revenue. The statutory auditors flagged a going-concern issue because subsidiary Nibe Maritime has negative net worth and current liabilities exceeding current assets. Q3 FY26 consolidated revenue jumped to ₹3,874.71 lakhs from ₹5.58 lakhs in Q3 FY25, reflecting ramp-up of the new plants.

Operating scale
Artillery shell capacity
5,00,000 shells per year (155mm)FY26
Subsidiaries
4 — Globe Forge, Global Munition, Global Explosives, Nibe MaritimeFY26
Joint ventures
1 — Global PremierFY26
Manufacturing complex
Shirdi, Maharashtra (inaugurated May 2026)FY26
Corporate guarantee for subsidiary
₹230 crore (Cosmos Co-op. Bank, 96-month tenor, for Globe Forge)FY26
Expected direct employment
Over 3,000 jobsFY26
Who pays it
Indian defence services and government, positioned around the Atmanirbhar Bharat and Make in India initiatives
Biggest cost
Capital expenditure (498% of FY26 revenue) tied to commissioning the Shirdi defence complex and subsidiaries' plants
Kind of business
Early-stage, capex-heavy defence manufacturer that has just commissioned its flagship plants and is not yet generating meaningful revenue
Where it sits
Private-sector defence manufacturing entrant in Maharashtra's defence corridor, claiming the largest private-sector artillery shell capacity in India
Market Cap
₹2 Cr
P / E (TTM)
—
EV / EBITDA
—
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
-1.5%·
ROCE (FY26)
ROE -2.2% · margin -9.7%
Leverage
1.11·
Debt / Equity · moderate
Net debt ₹265 Cr
Where it sits among 53 Gems, Jewellery And Watches peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#1/37
ROCE#45/50
ROE#33/37
Debt / Equity#32/37
EBITDA margin#33/35
Profit growth#32/34

Scorecard

Measured from the filed financials, judged against its Gems, Jewellery And Watches peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Negative returns on capital — −1.5%
#45 of 50 in Gems, Jewellery And Watches on the latest reported figures
Carries more debt than its peers — 1.11× equity
higher than 86% of its 37 Gems, Jewellery And Watches peers

Charts

How has the market priced it — with filings on the timeline?

Price

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Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from GLOBAL DEFENCE INDUSTRIES LIMI's filed financials and exchange disclosures

What does GLOBAL DEFENCE INDUSTRIES LIMI do?

GLOBAL DEFENCE INDUSTRIES LIMI is a Consumer Durables company listed on BSE.

Is GLOBAL DEFENCE INDUSTRIES LIMI profitable?

No. Over the trailing twelve months GLOBAL DEFENCE INDUSTRIES LIMI reported a net loss of ₹5.71 Cr on revenue of ₹43 Cr.

Does GLOBAL DEFENCE INDUSTRIES LIMI pay a dividend?

Not in the latest reported year — GLOBAL DEFENCE INDUSTRIES LIMI's dividend payout for FY26 was nil.

Is GLOBAL DEFENCE INDUSTRIES LIMI debt-free?

No. It reported borrowings of ₹287 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹265 Cr after cash. Debt stands at 1.11× equity. That is higher than 86% of its 37 Gems, Jewellery And Watches peers.

Where can I track GLOBAL DEFENCE INDUSTRIES LIMI's announcements?

Every NSE and BSE filing by GLOBAL DEFENCE INDUSTRIES LIMI appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.