Goodluck India Ltd logo

Goodluck India Ltd

GOODLUCK NSE

Key Fundamentals

MicrocapIron & Steel ProductsIndustrial Products
Market Cap
₹4,767 Cr
Volatility
Moderate
P/E Ratio
23.33
EBITDA
₹356 Cr
Return on Equity
12.3%
Debt to Equity
0.75
Book Value
₹149.52
EPS
₹42.47
52W High
₹557.36
52W Low
₹305

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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52 extracted metrics + investor summaries across FY13–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 43.1% CAGR over last 5 years

Weaknesses

2
  • Promoter holding has decreased over last quarter: -2.44%
  • Company has a low return on equity of 13.7% over last 3 years.

Growth Rate

Revenue Growth
2.19% ↘
Net Income Growth
17.05% ↘
Cash Flow Change
444.57% ↗
ROE
7.05% ↘
ROCE
-3.64% ↘
EBITDA Margin (Avg.)
0.11% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 49d ago
AI opinion · based on fundamentals
Risk medium

Goodluck India Ltd is a mid-cap industrials company (market cap ~₹4,947 Cr) trading at a P/E of 27.1x with a 5-year profit CAGR of 43% and ROE averaging 13-14%. Revenue growth has moderated to 4% TTM after a strong 5-year sales CAGR of 21%, while the company is investing heavily in defence capacity expansion with a ₹500 Cr capex plan.

Bull Case 7
  • Strong 5-year profit CAGR of 43% driven by improving operating margins — OPM expanded from 6.99% in FY22 to 9.67% in FY26
  • Revenue scaled from ₹2,613 Cr in FY22 to ₹4,100 Cr in FY26, reflecting a 5-year sales CAGR of 21%
  • Defence diversification: ₹500 Cr capex to triple artillery shell production from 1,50,000 to 4,00,000 units annually, tapping into a global ammunition demand cycle
  • Stock CAGR of 69% over 5 years and 48% over 3 years indicates sustained market re-rating of the business
  • FY26 net profit of ₹182.58 Cr, up from ₹165.63 Cr in FY25, representing ~10% YoY PAT growth with EPS rising to ₹54.37
  • EBITDA grew 21% YoY from ₹346 Cr in FY25 to ₹418 Cr in FY26, showing operational leverage
  • Recent ₹113.83 Cr export order for 14,500 MT galvanized steel towers for a 400 KV power project demonstrates order pipeline visibility
Bear Case 8
  • TTM revenue growth has decelerated sharply to just 4% compared to 10% 3-year CAGR and 21% 5-year CAGR, signalling potential demand slowdown
  • Return on equity remains modest at 13-14% over the last 3-5 years, below the 15%+ threshold typically expected for quality industrials
  • Interest costs rose 32% YoY from ₹80.33 Cr in FY25 to ₹105.84 Cr in FY26, reflecting rising debt to fund capex
  • Secured loans increased from ₹615.66 Cr in FY24 to ₹838.33 Cr in FY25, indicating growing leverage ahead of capex benefits materialising
  • P/E of 27.1x is elevated for a steel products company with sub-10% operating margins, leaving limited room for earnings disappointment
  • Dividend yield of just 0.2% with a payout ratio of only 7.9-11%, offering negligible income return to shareholders
  • P/B ratio of 3.32x prices in significant future growth in a cyclical, capital-intensive industry
  • Defence capex of ₹500 Cr carries execution risk — capacity ramp-up and order conversion remain uncertain until production stabilises

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 49d ago
Positives 1
  • Defence unit wins Rs 255cr order Jun 19

    Goodluck Defence and Aerospace secured a Rs 255 crore domestic order for 155mm long range empty shells, to be executed within 10 months.

Neutral 1
  • Promoters confirm no share encumbrance Jun 20

    Goodluck India promoters declared no encumbrance on shares for FY26 under SEBI takeover regulations.

TL;DR: Goodluck India is seeing positive momentum in its defence subsidiary with a sizeable Rs 255 crore order win, signaling growing traction in the defence manufacturing space. No material headwinds emerged this period. The promoter disclosure is routine but reinforces governance hygiene. The trend is mildly positive with defence order flow providing near-term revenue visibility over the next 10 months.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
858
886
878
902
913
976
942
1,105
983
991
1,037
1,088
1,287
Expenses
788
814
804
836
838
905
862
1,020
891
900
936
975
1,153
Operating Profit
70
72
74
66
75
71
80
85
92
92
101
113
135
OPM %
8%
8%
8%
7%
8%
7%
9%
8%
9%
9%
10%
10%
10%
Other Income
1
2
1
9
5
18
4
8
4
6
2
9
5
Interest
22
19
21
15
22
17
20
22
28
26
27
25
30
Depreciation
9
9
9
9
10
10
10
14
15
15
17
20
21
PBT
40
46
46
50
48
62
54
57
53
57
59
77
88
Tax %
29%
24%
31%
26%
25%
25%
23%
27%
25%
25%
25%
27%
24%
Net Profit
29
35
32
37
36
47
41
42
40
43
44
56
67
EPS in Rs
3.5
4.24
3.73
3.87
3.64
4.71
4.17
4.27
4
4.25
4.38
5.47
6.38
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,071
984
1,093
1,274
1,661
1,636
1,572
2,613
3,072
3,525
3,936
4,100
4,404
Expenses
1,011
893
1,006
1,175
1,535
1,508
1,456
2,430
2,868
3,243
3,625
3,702
3,964
Operating Profit
59
91
87
99
127
128
117
183
204
282
311
398
441
OPM %
6%
9%
8%
8%
8%
8%
7%
7%
7%
8%
8%
10%
10%
Other Income
27
11
5
4
3
4
6
4
15
13
35
20
21
Interest
38
40
48
56
61
60
55
57
66
77
80
106
108
Depreciation
12
15
18
20
24
26
28
29
33
35
45
67
73
PBT
37
47
27
27
45
45
40
101
121
182
221
246
281
Tax %
24%
30%
26%
41%
30%
25%
25%
25%
27%
27%
25%
26%
—
Net Profit
28
33
20
16
31
34
30
75
88
132
166
183
210
EPS in Rs
4.22
4.97
2.99
2.32
4.56
4.91
4.09
9.62
10.73
13.88
16.87
18.13
20.48
Div. Payout %
12%
10%
8%
0%
0%
0%
0%
12%
14%
14%
8%
6%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
4
4
4
5
5
5
5
5
5
6
7
7
Reserves
177
206
251
274
305
341
379
461
615
1,113
1,304
1,484
Borrowings
315
353
411
451
504
510
534
590
598
612
882
1,119
Other Liabilities
83
109
132
161
166
143
180
197
253
301
337
436
Total Liabilities
579
672
798
890
979
999
1,098
1,253
1,471
2,032
2,529
3,046
Fixed Assets
203
235
256
252
333
341
325
364
401
522
800
1,203
CWIP
4
8
4
57
5
1
12
31
37
76
244
121
Investments
0
0
0
0
0
0
0
0
4
4
14
15
Other Assets
372
428
538
581
642
657
760
859
1,029
1,431
1,472
1,707
Total Assets
579
672
798
890
979
999
1,098
1,253
1,471
2,032
2,529
3,046
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
83
57
23
73
57
58
43
78
65
-46
158
200
Investing
-75
-52
-36
-64
-50
-29
-22
-85
-78
-186
-473
-333
Financing
-4
-6
13
-8
-8
-28
-23
6
13
337
212
132
Net Cash Flow
4
-1
0
0
0
1
-2
-1
0
104
-103
-1
Free Cash Flow
11
5
-14
6
4
28
20
-7
-11
-241
-332
-146
CFO/OP
152
74
31
82
53
52
47
54
48
0
70
63
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
51
62
65
58
54
53
55
40
42
36
47
43
Inventory Days
67
98
110
93
89
98
115
83
85
86
80
110
Days Payable
19
31
43
39
29
21
32
20
21
19
15
20
Cash Conversion Cycle
99
129
132
112
114
130
137
103
106
103
112
132
Working Capital Days
18
28
39
23
23
22
45
29
34
49
42
37
ROCE %
16%
16%
12%
12%
14%
13%
11%
16%
16%
17%
15%
14%

Shareholding Pattern

As of Jun 2026
Promoters 54.00%
Public 29.81%
Others 7.21%
DIIs 6.50%
FIIs 2.48%
Total 100.00%
  Mar 2021Jun 2021Jul 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Nov 2023Dec 2023Jan 2024Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025May 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
65.31%
65.32%
63.38%
61.55%
61.55%
61.55%
61.55%
61.55%
58.73%
58.73%
58.73%
58.73%
56.45%
56.45%
58.35%
54.44%
55.78%
55.78%
55.78%
55.78%
56.45%
56.45%
56.45%
56.45%
56.45%
54.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.11%
0.00%
0.00%
1.16%
5.20%
3.94%
2.62%
1.71%
1.64%
1.14%
1.19%
1.97%
1.48%
1.55%
2.48%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.04%
0.00%
0.00%
0.00%
0.00%
1.13%
1.85%
1.81%
1.82%
1.97%
2.06%
2.16%
2.06%
3.22%
4.41%
4.99%
6.50%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
29.90%
28.84%
27.29%
26.82%
25.94%
26.23%
26.03%
25.88%
31.95%
31.65%
32.81%
32.72%
32.49%
32.69%
31.26%
30.65%
30.87%
31.65%
32.95%
32.94%
32.81%
33.16%
32.03%
31.90%
31.30%
29.81%
Others
4.79%
5.84%
9.33%
11.62%
12.50%
12.21%
12.42%
12.57%
9.32%
9.58%
8.46%
8.43%
11.06%
10.86%
8.10%
7.86%
7.61%
8.12%
7.58%
7.58%
7.45%
7.14%
6.33%
5.76%
5.71%
7.21%
No. of Shareholders
15,507
16,143
14,861
17,622
14,787
13,774
13,329
13,372
13,937
13,501
15,738
22,092
25,929
30,161
30,210
33,246
36,117
38,258
41,028
36,763
36,729
36,261
36,272
37,212
35,423
38,457

Documents

Frequently Asked Questions about Goodluck India Ltd

What does Goodluck India Ltd do?
Goodluck India Ltd is an engineering conglomerate engaged in the business of manufacturing and selling engineering products such as sheets, pipes, engineering structures, fabricated structures, forgings, and automobile tubes. [1]
Where is Goodluck India Ltd (GOODLUCK) listed?
Goodluck India Ltd is listed on the Indian stock exchanges. It is listed on NSE: GOODLUCK and BSE: 530655. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Goodluck India Ltd belong to?
Goodluck India Ltd operates in the Industrials sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Goodluck India Ltd?
Goodluck India Ltd has a market capitalisation of approximately ₹4767.40 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Goodluck India Ltd?
The Price-to-Earnings (PE) ratio of Goodluck India Ltd is 23.33. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Goodluck India Ltd?
Over the past 52 weeks, Goodluck India Ltd has traded between a low of ₹305 and a high of ₹557.36. This range helps investors understand the stock's price volatility and recent trading levels.
Does Goodluck India Ltd pay dividends?
Yes, Goodluck India Ltd has a dividend yield of 0.61%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Goodluck India Ltd?
Goodluck India Ltd has a Return on Equity (ROE) of 12.30%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Goodluck India Ltd on Tapetide?
On Tapetide, you can view Goodluck India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Goodluck India Ltd is an engineering conglomerate engaged in the business of manufacturing and selling engineering products such as sheets, pipes, engineering structures, fabricated structures, forgings, and automobile tubes. [1]

Website goodluckindia.com
CEO Mr. Mahesh Chandra Garg
Employees 4,500
Listed 2015-01-08
Face Value ₹ 2
Issued Size 3,32,38,509

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