JSR Dynamics Limited
1 MAbout JSR Dynamics Limited
A Comprehensive Overview of Price & Journey
Understanding JSR Dynamics Limited Inception and Growth
JSR DYNAMICS UNLISTED SHARE
JSR Dynamics Limited is an unlisted company trading in the private market. Unlike listed companies, valuation and share price of unlisted or pre-IPO companies are determined via negotiation and demand & supply JSR Dynamics Limited Company Limited unlisted share.
Investors looking for diversification of their portfolio should carefully analyse JSR Dynamics Limited’s unlisted share price, valuation and research report for the latest year. This comprehensive report covers of JSR Dynamics Limited unlisted share that answers simple questions of investors such as how to buy unlisted/ pre-IPO shares of JSR Dynamics Limited, what does JSR Dynamics Limited do and how JSR Dynamics Limited performed in the recent years.
WHAT DOES JSR DYNAMICS DO?
JSR Dynamics Limited is an Indian Defence technology company, founded by former Vice Chief of the Indian Air Force, Air Marshal Shirish Baban Deo.
JSR Dynamics specializes in the development and manufacturing of precision-guided munitions (PGMs), rockets, missiles, bombs, and other advanced defence equipment. These systems are designed for use across multiple operational domains, including terrestrial, naval, airborne and underwater platforms.
The company focuses on using Indian expertise in the research, development, and production of airborne weapons systems, with the aims to reducing the dependence on foreign technology and supporting the “Atmanirbhar Bharat” initiative.
WHAT ARE THE BUSINESS SEGMENTS OF JSR DYNAMICS?
JSR Dynamics operates its entire business under the following verticals:
1.Air-Launched Weapon Systems: This division develops weapons system launched by aircraft, these systems utilize aerodynamic lift and guidance system to hit their targets. This include the following products:
- Long Range Glide Bomb: It is designed to increase the conventional range of Mk 80 series bombs, and used for greater distances. It can carry Mk 81 to Mk 84 warheads and has an expected a range of 120+ km when released from 12 km altitude at 0.85 mach.
- Jet Powered Bomb: An advanced version of long range glide bomb and fitted to aircraft, achieving a range of up to 290 km. It offers enhanced propulsion efficiency and superior aerodynamics.
2.Jet Powered Loitering Munition: It is an unmanned aerial vehicle, with turbojet engine. It delivers sufficient excess and high kinetic energy to engage moving targets and it also have features a jam- resistant global positioning system for high accuracy navigation and targeting.
3.Miniature Ground Launch Decoy: It is a small, low-cost unmanned aircraft designed to act as decoy and mislead enemy radar. It is launched from the ground using a booster rocket and powered by turbojet engine. It can mimic the movement and radar signature of fighter aircraft, helping divert enemy attention and reduce risk to real aircraft.
4.Long Range Powered Precision Guided Munition: It is a lightweight, motor driven missile designed to engage high value targets accurately over long distances. It can be launched from land or ships, weighing around 400kg. It uses a turbojet engine used for sustained flight and can be equipped with advanced guidance systems.
5.RATO Booster Motor: A high performance solid rocket booster using specialized propellant to generate high thrust. It is engineered for high reliability and efficiency to aircraft, UAV, and missile application to accelerate quickly and take off from short distances.
6.Multiple Launch Rocket System: It is designed to fire multiple rockets simultaneously or in rapid succession, allow several rockets to be launched together in short period against the designated target. This include the following products:
- 122 MM Guided Rocket: Conventional 122mm rockets are unguided and require saturation firing to neutralize targets. This guidance kit provides control systems for existing rockets, significantly improving single shot accuracy.
- 180 MM Tail Control Rocket: It a high precision rocket equipped with an advanced tail control system that helps to improve the efficiency, stability, extended range and accuracy. It is designed for tactical defence system and offer better performance.
- 210-260 MM Rocket Guidance Kit: It is designed to enhanced the accuracy and effectiveness of navigation and control accuracy, enabling precise target engagement.
- Guided Mortar: It is designed to enhance the accuracy and efficiency of traditional mortar systems by using the aerodynamic control systems to achieve the mission target precisely.
HOW HAS JSR DYNAMICS PERFORMED DURING THE LAST TWO YEARS?
Metric
FY 2024-25 (₹ '000)
FY 2025-26 (₹ '000)
Revenue from operations
₹0.00
₹0.00
Total Income
₹10,798.37
EBIT
₹64,891.49
₹49,673.17
PAT
(₹21,803.18)
₹639.54
KEY PERFORMANCE AND RECENT DEVELOPMENTS
Financials reflect the pre-revenue development with ₹0.00 revenue from operations and with reported total income is generated from interest and government grant.
Company is currently conducting advanced research and development, trial, and testing.
JSR Dynamics has established strategic partnership with Bharat Electronics Limited, Munitions India Limited and the Indian Armed Forces. Its order book includes contracts with DRDO, ISRO – linked initiatives and the Indian Navy and Air Force.
SIGNIFICANT MILESTONE FOR THE IAF AND INDIAN INDUSTRY
The Indian Air Force has successfully conducted a trial of Khagantak-243, an indigenously designed and developed, long range glide bomb, marking a significant milestone in India’s development of indigenous stand-off strike weapons. The development is relevant to the domestic defence industry as India continues to focus on indigenous defence technology, local manufacturing and reduced the dependence on imported weapon systems.
Khagantak-243: Product Profile
The Khagantak-243 is a 300-kg-class airborne Long Range Glide Bomb, has been developed jointly by BEL and JSR dynamics. The Khagantak-243 has a cylindrical body, swivel-type mid body glide wings and five aft control surfaces. The weapon is designed to be released from a fighter aircraft and glide towards its target from a stand-off distance, its aerodynamic wings and control surfaces allows it to glide towards the target without requiring the aircraft to fly directly over the target area.
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JSR DYNAMICS UNLISTED SHARE
JSR Dynamics Limited is an unlisted company trading in the private market. Unlike listed companies, valuation and share price of unlisted or pre-IPO companies are determined via negotiation and demand & supply JSR Dynamics Limited Company Limited unlisted share.
Investors looking for diversification of their portfolio should carefully analyse JSR Dynamics Limited’s unlisted share price, valuation and research report for the latest year. This comprehensive report covers of JSR Dynamics Limited unlisted share that answers simple questions of investors such as how to buy unlisted/ pre-IPO shares of JSR Dynamics Limited, what does JSR Dynamics Limited do and how JSR Dynamics Limited performed in the recent years.
WHAT DOES JSR DYNAMICS DO?
JSR Dynamics Limited is an Indian Defence technology company, founded by former Vice Chief of the Indian Air Force, Air Marshal Shirish Baban Deo.
JSR Dynamics specializes in the development and manufacturing of precision-guided munitions (PGMs), rockets, missiles, bombs, and other advanced defence equipment. These systems are designed for use across multiple operational domains, including terrestrial, naval, airborne and underwater platforms.
The company focuses on using Indian expertise in the research, development, and production of airborne weapons systems, with the aims to reducing the dependence on foreign technology and supporting the “Atmanirbhar Bharat” initiative.
WHAT ARE THE BUSINESS SEGMENTS OF JSR DYNAMICS?
JSR Dynamics operates its entire business under the following verticals:
1.Air-Launched Weapon Systems: This division develops weapons system launched by aircraft, these systems utilize aerodynamic lift and guidance system to hit their targets. This include the following products:
- Long Range Glide Bomb: It is designed to increase the conventional range of Mk 80 series bombs, and used for greater distances. It can carry Mk 81 to Mk 84 warheads and has an expected a range of 120+ km when released from 12 km altitude at 0.85 mach.
- Jet Powered Bomb: An advanced version of long range glide bomb and fitted to aircraft, achieving a range of up to 290 km. It offers enhanced propulsion efficiency and superior aerodynamics.
2.Jet Powered Loitering Munition: It is an unmanned aerial vehicle, with turbojet engine. It delivers sufficient excess and high kinetic energy to engage moving targets and it also have features a jam- resistant global positioning system for high accuracy navigation and targeting.
3.Miniature Ground Launch Decoy: It is a small, low-cost unmanned aircraft designed to act as decoy and mislead enemy radar. It is launched from the ground using a booster rocket and powered by turbojet engine. It can mimic the movement and radar signature of fighter aircraft, helping divert enemy attention and reduce risk to real aircraft.
4.Long Range Powered Precision Guided Munition: It is a lightweight, motor driven missile designed to engage high value targets accurately over long distances. It can be launched from land or ships, weighing around 400kg. It uses a turbojet engine used for sustained flight and can be equipped with advanced guidance systems.
5.RATO Booster Motor: A high performance solid rocket booster using specialized propellant to generate high thrust. It is engineered for high reliability and efficiency to aircraft, UAV, and missile application to accelerate quickly and take off from short distances.
6.Multiple Launch Rocket System: It is designed to fire multiple rockets simultaneously or in rapid succession, allow several rockets to be launched together in short period against the designated target. This include the following products:
- 122 MM Guided Rocket: Conventional 122mm rockets are unguided and require saturation firing to neutralize targets. This guidance kit provides control systems for existing rockets, significantly improving single shot accuracy.
- 180 MM Tail Control Rocket: It a high precision rocket equipped with an advanced tail control system that helps to improve the efficiency, stability, extended range and accuracy. It is designed for tactical defence system and offer better performance.
- 210-260 MM Rocket Guidance Kit: It is designed to enhanced the accuracy and effectiveness of navigation and control accuracy, enabling precise target engagement.
- Guided Mortar: It is designed to enhance the accuracy and efficiency of traditional mortar systems by using the aerodynamic control systems to achieve the mission target precisely.
HOW HAS JSR DYNAMICS PERFORMED DURING THE LAST TWO YEARS?
|
Metric |
FY 2024-25 (₹ '000) |
FY 2025-26 (₹ '000) |
|
Revenue from operations |
₹0.00 |
₹0.00 |
|
Total Income |
₹10,798.37 |
|
|
EBIT |
₹64,891.49 |
₹49,673.17 |
|
PAT |
(₹21,803.18) |
₹639.54 |
KEY PERFORMANCE AND RECENT DEVELOPMENTS
Financials reflect the pre-revenue development with ₹0.00 revenue from operations and with reported total income is generated from interest and government grant.
Company is currently conducting advanced research and development, trial, and testing.
JSR Dynamics has established strategic partnership with Bharat Electronics Limited, Munitions India Limited and the Indian Armed Forces. Its order book includes contracts with DRDO, ISRO – linked initiatives and the Indian Navy and Air Force.
SIGNIFICANT MILESTONE FOR THE IAF AND INDIAN INDUSTRY
The Indian Air Force has successfully conducted a trial of Khagantak-243, an indigenously designed and developed, long range glide bomb, marking a significant milestone in India’s development of indigenous stand-off strike weapons. The development is relevant to the domestic defence industry as India continues to focus on indigenous defence technology, local manufacturing and reduced the dependence on imported weapon systems.
Khagantak-243: Product Profile
The Khagantak-243 is a 300-kg-class airborne Long Range Glide Bomb, has been developed jointly by BEL and JSR dynamics. The Khagantak-243 has a cylindrical body, swivel-type mid body glide wings and five aft control surfaces. The weapon is designed to be released from a fighter aircraft and glide towards its target from a stand-off distance, its aerodynamic wings and control surfaces allows it to glide towards the target without requiring the aircraft to fly directly over the target area.
Fundamentals
Financials
All values are INR Cr except per share value
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
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Frequently Asked Questions
Like any other financial product or commodity, the price of unlisted shares is discovered at the intersection of demand from buyers and supply from sellers of particular unlisted shares.
The two determinants of price are dynamic factors and keep changing constantly, hence share price tends to fluctuate constantly – every day, every minute.
Upon successful completion of a deal, the unlisted shares are credited electronically directly to your standard demat account that is usually created with CDSL or NSDL (Central Depository Services Limited or National Securities Depository Limited).
The lock-in period of JSR Dynamics Limited varies depending on the category of the investor:
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Venture capital or foreign venture capital investors are subject to lock-in period of 6 months from the date of acquisition of shares
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For AIF investors of Category-II are not subject to any lock-in.
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Any other investor, including retail investors, HNI or corporate investors are subject to a lock-in period of 6 months from the date of listing.
Note – The above-mentioned lock-in is for mainboard, however for SME IPO the applicable lock-in period is 1 Year.
There is no regulatory minimum limit to invest in unlisted shares. However, minimum investment size varies with the per share price. Earlier, the typical investment size often ranges between 70K – 100K, but with the growing awareness and increased participation the investment size has been down sized to 50k.
Short-Term Capital Gain tax is applicable when you sell your unlisted shares within a year from date of acquisition. Realized gain is taxable at your slab rate after consolidating in total income for the year. Hence, the rate of tax depends on your overall income for the particular financial year.
Long-Term Capital Gain taxes are applicable when you sell your unlisted shares after two years from the date of acquisition. LTCG tax is calculated on profits realized on sale of unlisted shares at 12.5%. Investors particularly retail or HNI must understand the concept clearly as it impacts strategy and tax planning.
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You can dowload the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
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Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
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You would also get email confirmation of credit of shares via email
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The value of share in unlisted space is determined in the same way as it is done in the listed market. Demand and supply decide the price of any share. If the demand is more than the supply, then the price of the share increases and vice versa.
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When a new share is introduced in the unlisted space, the value of the company is decided upon the last funding raised by the company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
Yes, investing in unlisted shares is legal in India, the activity is regulated and governed under the rules and guidelines laid by SEBI (Securities and Exchange Board of India). Related parties must comply with the regulations and guidelines to ensure legal and financial standards.
Investing in unlisted shares in India carries a significant and distinctive risk profile such as limited liquidity, lack of transparent pricing and regulatory oversight because unlisted shares do not trade on listed stock exchange, they are bought or sold in OTC (over the counter) market that makes vulnerable to following risks:
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Liquidity risk, unlisted shares are difficult to buy and sell,
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Lack of transparent pricing, as share price of pre-IPO or unl;isted company is often determined by narrative not fundamentals
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Lack of information disclosure, unlisted companies are not mandated for disclosures like listed companies
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Tax ambiguity, because determination of fair market value and cost of acquisition of unlisted shares is often disputed
Hence, investors should carefully examine related facts before investing in Pre-IPO or unlisted shares.