Garuda Aerospace Limited Unlisted Share

Garuda Aerospace Limited Unlisted Share

₹431.000.00%
As on 5th Nov 2026 · market open
Industry: drone manufacturingSector: aerospace & defenseDepository: NSDL, CDSL
DRHP Filed: Yes

Indicative price history

₹0.00(0.00%)over 1 W

Indicative levels compiled by our team for information only — not a price feed, quote, or offer to deal.

52W Low ₹430.501Y Return +0.1%52W High ₹431.00
Key Indicators
Current Share Price
₹431.00
Unlisted market
Face Value / Share
₹10.00
Latest
Book Value / Share
₹49.80
Latest
Price to Earning (PE)
86.30
TTM basis
Price / Sales
10.10
TTM revenue
Price / Book
8.70
Book value basis
Outstanding Shares
4.82 Cr
Latest
Market Cap
₹2,075.01 Cr
At current price
Debt / Equity
0.50
Latest
Dividend / Share
-
Declared
Dividend %
-
Yield
Return on Total Assets
7.3%
RoA
Return on Equity
10.9%
RoE
Working Capital Return
11.1%
RoWC

About Garuda Aerospace Limited

Garuda Aerospace is a Chennai-based drone company founded in 2015. It designs, builds, and deploys drones and also offers drone-based services. Its customers come from agriculture, defence, infrastructure, and training. Cricketer MS Dhoni is a well-known backer of the company.

The company has some clear business strengths. It holds around 30% of India’s agricultural drone market, and it doubled its production capacity from 12,000 to 25,000 units in FY26. It is also pushing into defence, and it signed an MoU with Bharat Electronics Limited to develop defence drones together.

FY26 was a strong year for growth. Revenue rose 66.8% to about Rs.206 cr, and profit after tax grew 41.1% to Rs.25.9 cr. However, the EBITDA margin fell from 24.47% to 19.02%. Simply, the reason was that total expenses rose 73.2%, which is faster than revenue. That means each rupee of sales kept less profit than before. Even so, a 19% margin is still healthy.

The company is now preparing to list on the stock market. The IPO plan has a Rs.750 cr fresh issue plus a Rs.250 cr offer for sale (OFS) by existing investors. SEBI gave its final observations on 5 August 2026, and listing is expected by December 2026. The company also split its shares, cutting the face value from Rs.10 to Rs.2.

There are a few risks to keep in mind. The biggest one is margins. Garuda’s costs are growing faster than its sales, and if that keeps up, profit will take a hit. The business also leans a lot on government policy, especially in farming and defence, so any change in rules or subsidies could slow demand. Competition is another worry, since cheaper imports and local rivals can force prices down. And the IPO price isn’t out yet, so it’s too early to say if the valuation will be fair. Overall, Garuda looks like a fast-growing company that is already making money, and it’s close to listing. Keep an eye on is whether it can hold its margins as it gets bigger.

SectorDrone manufacturing · Aerospace & defense
ISININE0REL01021
Face Value₹10.0
DepositoryNSDL, CDSL
RTAkfin technologies limited
HQTHIRD FLOOR, AGNI BUSINESS CENTRE, NO.24/46, K B DASAN ROAD, ALWARPET, CHENNAI, Chennai, Tamil Nadu - 600018

Financial Performance

Consolidated figures in ₹ Crore, from annual reports and public filings.

IndicatorsFY26FY25FY24FY23
Revenue206.2124.8110.847.1
Expense167.096.685.536.2
EBITDA39.228.225.210.9
Other Cost5.14.33.92.5
PBT34.123.921.38.4
Tax Expense8.16.75.52.2
PAT25.917.315.86.2
Other Inc./Exp.0.20.00.00.0
Net Income26.117.315.86.2
Shares O/S4.821.081.071.08
EPS (₹)4.993.670.000.00
Rev. Growth %65.2%12.6%135.2%—
EBITDA Mgn %19.0%22.6%22.7%23.1%
Net Mgn %12.7%13.9%14.3%13.2%
EPS Growth36.0%———

Financials are as published on stockify.net.in and compiled from public filings. Refer to the audited annual report for exact figures.

Corporate Profile

Registered details, management and downloadable documents.

ISININE0REL01021
PANAAGCG1621A
AddressTHIRD FLOOR, AGNI BUSINESS CENTRE, NO.24/46, K B DASAN ROAD, ALWARPET, CHENNAI, Chennai, Tamil Nadu - 600018
RTAkfin technologies limited

Frequently Asked Questions

How to buy Garuda Aerospace Limited unlisted shares?+

You can easily buy Garuda Aerospace unlisted shares with Stockify. Just follow these steps.

  1. Send your Client Master List (CML) to us through WhatsApp or email to admin@stockifyfintech.com.

  2. Once your transaction is final, the invoice will be sent to your registered e-mail address.

  3. Pay the agreed amount to the Stockify bank account mentioned in the invoice.

  4. You can pay through RTGS, NEFT, IMPS, or a cheque transfer.

  5. On payment confirmation, your shares will be transferred to your demat account within 24 hours.

Place your buy order here, and our team will contact you within 30 minutes. 

How to sell Garuda Aerospace Limited unlisted shares?+

You can easily sell Garuda Aerospace Unlisted Shares through Stockify. Here’s how:

  1. Stockify will send you the Demat Client Master List (CML) by email.

  1. Share your KYC details, including CML, PAN, and a cancelled cheque.

  1. Have your shares transferred to Stockify's demat account.

  2. We will transfer money to your bank account.

Place your sell order here, and our team will contact you within 30 minutes.

What is the lock-in period of Garuda Aerospace Limited unlisted shares?+

Garuda Aerospace Unlisted shares lock-in period changes by investor category. As per SEBI rules, you can sell you pre ipo shareholding for 6 months from ipo listing date. But there are some exceptions to this. With categories like venture capital funds, FVCIs, and Category II AIFs getting some exemptions. Investors should research independently before trading in unlisted shares.

Is buying Garuda Aerospace Limited unlisted shares legal in India?+

It is completely legal to buy Garuda Aerospace unlisted shares in India through different online platforms, wealth managers, or brokers. They help with over-the-counter (OTC) transactions. Just make sure that you follow all the relevant laws and regulations by SEBI, the Securities Contracts Regulation Act, and the Companies Act, 2013.

Note: Check the Client Master List, share ownership and transfer documents, and then deal with a trusted broker. If you want to buy Garuda Aerospace unlisted shares, get in touch with our team at +91-8042453560.

How are short-term and long-term capital gains taxed on Garuda Aerospace Limited unlisted shares?+

Capital gains on Garuda Aerospace Unlisted shares will be taxed differently for short-term and long-term gains. 

  • For unlisted shares sold within 24 months of holding them, they will come under short-term capital gains (STCG) and be taxed as normal income.

  • For unlisted shares sold after 24 months of holding them, the gains will be long-term capital gains and taxed at 12.5% without any indexation benefit.

Some important points to note:

  • You can offset a short-term loss against both short-term and long-term capital gains, and any loss that remains after that can be carried forward for 8 years, provided that you file your income tax return on time.

  •  A long-term capital loss can be set off only against long-term gains, and any remaining loss can be carried forward for 8 years. This benefit is available as long as you file your return on time.

  • The taxation rate for long-term capital gains (LTCG) was cut from 20% with indexation to 12.5% without indexation, effective 23 July 2024. This continues unchanged into FY 2026-27.

  • LTCG from unlisted shares is fully taxable. The Rs.1.25 lakh exemption limit applies only to listed shares.

No recent change: The 2026 budget had no changes in rates or holding periods for unlisted shares. If you want to know how taxation applies to your unlisted share investment, contact our experts at Stockify with this number +91-8042453560.

What are the risks of investing in Garuda Aerospace Limited unlisted shares?+

Unlisted shares like Garuda Aerospace carry the following risks you should understand before investing:

  1. Market Liquidity
    Unlike listed shares, unlisted shares are not traded actively. Selling your share to a buyer at market price may take time, increasing the risk of your investment getting stuck, or you will be compelled to sell at a lower price.

  2. Price Fluctuations
    Unlike listed shares, unlisted shares may not be available every time. This limited availability sometimes creates heavy fluctuations in the market value of unlisted shares.

  1. Regulatory risk
    Unlisted shares are traded privately. They don't need to follow any rules and regulations of stock exchanges like BSE or NSE. This can create a risk of fraud, failed delivery, and even payment defaults. There is no formal grievance redressal or dispute resolution in the unlisted market.

  2. Limited Information
    Public companies have strict information and disclosure requirements. But there is no such need for unlisted shares. They don't need to disclose quarterly financial statements. operational changes, or shareholding patterns, which are usually done by publicly listed companies. This reduces diligence and trust in investors' research, increasing the risk before making investment decisions.

Make sure to carry out your independent research or consult a SEBI-registered financial advisor before investing in unlisted shares.

What is the expected IPO price for Garuda Aerospace shares?+

The expected IPO price for Garuda Aerospace is not yet known. The company has filed a DRHP for raising Rs. 1,000 cr. SEBI has given its observation letter, so the company can now launch the IPO within the validity period. Here are some details about the IPO:

Garuda Aerospace IPO structure:  The structure of the company comprises Rs.750 cr as a fresh issue and about Rs.250 cr as an offer for sale (OFS). It is a 100% book-built issue, and the shares are meant to list on NSE and BSE.

Part of the issue

Amount

Fresh issue

Up to Rs.750 cr

Offer for sale (OFS)

About Rs.250 cr (reported)

Total issue size

About Rs.1,000 cr

Price band

Not announced

Selling shareholders: The names and amounts are not public. The company has not yet made its updated draft red herring prospectus public, and the Rs.250 cr OFS figure comes from reports. I have left the table out instead of guessing, and it can be filled in once the UDRHP is out. 

Use of proceeds: Reports say the fresh issue money will be used for the following:

  1. Expanding drone manufacturing capacity.

  2. Research and development, including a testing centre for advanced defence drone design. 

  3. Working capital needs, business growth and loan repayment.

What does Garuda Aerospace Limited do?+

Garuda Aerospace is a Chennai-based company that makes drones and also rents out drone services. It designs, develops, manufactures, and deploys drones and offers drone-based services. Its customers are in agriculture, defence, infrastructure, and training. A common use is crop spraying by farmers. It also builds drones for defence needs.

How is a DIS (Delivery Instruction Slip) used to sell Garuda Aerospace Limited unlisted shares?+

A Delivery Instruction Slip (DIS) is used by the Demat holder to inform the broker or bank to transfer a security from their account. 

Here is how DIS is used:

  1. Enter the ISIN, number of shares, and the details of Stockify's demat account in the DIS. We will send you our details in an email.

  2. Sign the slip and hand it to your Depository Participant (DP). If your DP offers an option to transfer funds online, you can follow the same instructions online.

  3. Once the shares have been credited to your Stockify demat account, we will transfer the sale proceeds to your bank account.

Important: Make sure you only use the demat account details provided by our team to prevent any delays.

What factors influence the valuation of Garuda Aerospace Limited unlisted shares?+

The valuation of Garuda Aerospace's unlisted shares will depend on different factors, such as:

  1. Latest Issue Price
    Guidance can be taken from the recent issue price of the share. But that might not be a fair reflection of true market value.

  1. Peer Comparison
    Investors can compare Garuda Aerospace's valuation with its competitors like ideaForge and Asteria Aerospace.

  1. Demand and Supply
    A rise in prices can be seen when more investors demand shares, and a fall when selling exceeds buying.

  1. Healthy Financials and Operations
    A company with consistent EBITDA growth and improving margins automatically builds investor interest in the company. This impacts the valuation and share price of the unlisted company.

  1. IPO Expectations
    There might be no assurance of an IPO, while investors may be interested in a potential future listing.

  1. Liquidity
    If there are fewer buyers for Garuda Aerospace unlisted shares, investors may need to sell them below the market price, directly reducing the share's valuation.

Before investing, compare the quotes from various dealers. Through Stockify, you can ask for a quote, and our team will help you in searching for the most recent available price.

Which company partners with Garuda Aerospace?+

Garuda has signed MoUs with many organisations. The main ones are:

  • BEL: Bharat Electronics Limited (BEL) is the lead bidder and team leader, and Garuda is the teaming and technology partner for the supply of drones to the Indian defence forces and police.

  • Thales (France): The two signed an MoU to build a drone ecosystem in India. 

  • HFCL: Signed at Aero India 2025, covering AI and drone technology for defence, agriculture and surveillance. 

  • Bank of India: Offers low-interest, zero-collateral loans to farmers who want to buy agri-drones.

  • Timed Automation Solutions (Australia): An MoU on autonomous drone platforms.

  • Lockheed Martin Canada: Garuda provides the drone hardware and Lockheed provides the software. This dates back to 2022.

It has also tied up with institutes such as IISc and TIDCO, the Tamil Nadu Industrial Development Agency.

Where can I get the best Garuda Aerospace Limited unlisted share price?+

You can get the best Garuda Aerospace unlisted share price at Stockify. We update the Garuda Aerospace unlisted share price daily on our website and price charts. Check our website to know more.

How long does it take to credit Garuda Aerospace Limited unlisted shares to a demat account?+
  1. Once we have confirmed your payment, we will transfer the shares to your demat account.

  2. Our average settlement time is 6 to 8 hours.

  3. You can verify the credit in your NSDL or CDSL demat account.

What is the minimum investment for Garuda Aerospace Limited unlisted shares?+

The minimum investment for Garuda Aerospace Limited unlisted shares is Rs 1 lakh. Get in touch with our team to ask about the current price and lot size.

Garuda Aerospace Limited · Unlisted
₹431.00