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Goodluck India Ltd.
(GOODLUCK)
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Rating:54Neutral
Price Target:
₹450.00
▼(-1.30% Downside)
Action:Reiterated
Date:08/27/26
The score is held back primarily by weak cash generation and poor cash conversion despite improving profitability, alongside bearish technical momentum (below key moving averages with negative MACD). Offsetting factors include strong revenue expansion and improved leverage, with valuation appearing broadly reasonable but not compelling.
Positive Factors
Strong Revenue Expansion
Substantial multi-year revenue growth indicates expanding business scale and demand across structural steel and tubes or pipes, strengthening the earnings base and providing a larger platform for operating leverage.
Negative Factors
Weak Cash Generation
Persistent negative free cash flow despite positive earnings indicates weak cash conversion and potential working-capital or investment demands. Continued cash consumption could increase reliance on external funding and constrain durable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
Substantial multi-year revenue growth indicates expanding business scale and demand across structural steel and tubes or pipes, strengthening the earnings base and providing a larger platform for operating leverage.
Read all positive factors
Goodluck India Ltd. (GOODLUCK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹47.30B
Dividend Yield0.49%
Average Volume (3M)76.87K
Price to Earnings (P/E)22.7
Beta (1Y)1.56
Revenue Growth9.94%
EPS Growth22.91%
CountryIN
Employees3,212
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)20.86
Shares Outstanding99,715,530
10 Day Avg. Volume36,928
30 Day Avg. Volume76,872
Financial Highlights & Ratios
PEG Ratio1.65
Price to Book (P/B)2.13
Price to Sales (P/S)0.78
P/FCF Ratio-13.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)20.2
Revenue Forecast (FY)₹46.02B
Goodluck India Ltd. Business Overview & Revenue Model
Company Description
Goodluck India Limited manufactures and supplies precision engineering and steel products in India. The company provides electric resistance welded and cold drawn welded tubes, custom forgings, power and telecom towers, solar structures, ERW hot d...
How the Company Makes Money
Goodluck India Ltd. makes money primarily by manufacturing and selling steel products. Its core revenue model is product sales, where revenue is recognized from supplying finished steel items—such as structural steel products and steel tubes/pipes...
Goodluck India Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.15B | 41.00B | 39.36B | 34.84B | 30.48B | 25.78B |
| Gross Profit | 10.14B | 9.84B | 10.79B | 8.34B | 3.71B | 3.53B |
| EBITDA | 4.37B | 4.18B | 3.11B | 2.95B | 2.19B | 1.87B |
| Net Income | 2.04B | 1.81B | 1.65B | 1.32B | 878.01M | 750.11M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 30.46B | 25.29B | 20.32B | 14.71B | 12.53B |
| Cash, Cash Equivalents and Short-Term Investments | 495.13M | 495.13M | 463.09M | 2.11B | 4.59M | 2.76M |
| Total Debt | 0.00 | 11.19B | 8.82B | 6.12B | 5.98B | 5.90B |
| Total Liabilities | -15.29B | 15.18B | 11.83B | 8.82B | 8.51B | 7.88B |
| Stockholders Equity | 15.29B | 14.91B | 13.11B | 11.51B | 6.20B | 4.66B |
Cash Flow | ||||||
| Free Cash Flow | -900.88M | -2.38B | -3.33B | -2.42B | -134.09M | -75.63M |
| Operating Cash Flow | 570.82M | 1.10B | 1.58B | -459.26M | 648.88M | 777.53M |
| Investing Cash Flow | -1.40B | -3.48B | -4.73B | -1.86B | -781.40M | -846.02M |
| Financing Cash Flow | 823.61M | 2.38B | 2.12B | 3.37B | 133.37M | 62.98M |
Goodluck India Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹624.73B | 50.84 | ― | 0.26% | 9.64% | 53.35% | |
68 Neutral | ₹195.24B | 29.81 | ― | 0.66% | -8.57% | -62.05% | |
65 Neutral | ₹59.24B | 28.82 | ― | 1.37% | 10.75% | 9.71% | |
65 Neutral | ₹191.51B | 44.15 | ― | 0.37% | -16.30% | -24.14% | |
64 Neutral | ₹683.53B | 29.58 | ― | 0.19% | 20.21% | 14.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹47.30B | 22.67 | ― | 0.49% | 9.94% | 22.91% |
* General Sector Average
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Goodluck India Ltd. Corporate Events
Goodluck India Approves 2-for-1 Bonus Share Issue, Triples Paid-Up Capital
Aug 24, 2026
Goodluck India Ltd. has approved the allotment of 664,770,18 bonus equity shares of Rs. 2 each, credited as fully paid-up to shareholders of record as of August 21, 2026, in a 2-for-1 ratio for every existing share. This bonus issue, funded by cap...
Goodluck India Seeks Shareholder Nod for Bonus Equity Issue via E-Voting
Jul 14, 2026
Goodluck India Ltd. has circulated an electronic postal ballot notice to its shareholders to seek approval for the issuance of bonus equity shares. The vote will be conducted exclusively through remote e-voting between July 16 and August 14, 2026,...
Goodluck India Unveils 2:1 Bonus Issue, Restructuring Plan and Major Subsidiary Support
Jul 11, 2026
Goodluck India Ltd., a diversified industrial and engineering company listed on the BSE and NSE, operates across steel, infrastructure, defence, aerospace and green energy through its group entities. Its capital-market presence and portfolio in st...
Goodluck India Approves 2:1 Bonus Issue, Restructuring and Large Subsidiary Guarantee
Jul 11, 2026
Goodluck India Limited’s board has recommended a bonus issue of fully paid equity shares in a 2:1 ratio, granting shareholders two new shares for every existing share, with the record date to be announced later. To align with the enlarged sh...
Goodluck India Board to Weigh Bonus Shares and Corporate Restructuring
Jul 11, 2026
Goodluck India Limited has scheduled a Board meeting on 11 July 2026 to consider the issuance of bonus equity shares, subject to required statutory, regulatory, and shareholder approvals. The Board will also review, in principle, a proposed corpor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.