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Goodluck India

GOODLUCK NSE
₹542.20 +27.70 (+5.38%)
P/E
26.47
View as Markdown
MCP
Close 4 Nov 2026 ₹542.20 +154.07 +39.7% 1Y
Start ₹388.13

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
14.40%
Debt to Equity
0.75
EPS (TTM)
₹20.48
Book Value
₹174.94
Market Cap
—
P/E (TTM)
26.47
P/B
3.10
ROE
13.00%
Dividend Yield
0.78%
EBITDA
₹419 Cr
52W High
₹615.00
52W Low
₹305.00
Day Range
₹509.85 – ₹545.55
Volume
5,89,627

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Goodluck India peer comparison
Welspun Corp
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
APL Apollo Tubes
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
Shyam Metalics & Energy
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
Ratnamani Metals & Tubes
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
Jindal SAW
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
Usha Martin
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
Gallantt Ispat
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Goodluck India (this company)
₹542.2026.47₹5,190 Cr3.100.78%13.00%14.40%₹4,404 Cr₹210 Cr
Median 8 companies₹886.8029.40₹16,390 Cr3.920.41%14.05%18.05%₹10,869 Cr₹511 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

47 Average

Data confidence 100/100

insider_selling

Category scores

Quality
42
Weak
Returns, margins, earnings quality 22% weight
Valuation
61
Good
Cheap vs sector & own history 24% weight
Growth
36
Poor
Sales & profit trajectory 9% weight
Financial Health
22
Poor
Solvency, leverage, coverage 9% weight
Momentum
59
Good
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 43.4% CAGR over last 5 years

Weaknesses

2
  • Promoter holding has decreased over last quarter: -2.44%
  • Company has a low return on equity of 13.8% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish379
OscillatorsBearish270
Moving AveragesStrong Bullish109

Key readings

RSI (14)
52.60
Neutral
MACD (12,26,9)
0.63
Bearish
SMA (50)
515.24
Bullish
SMA (200)
447.33
Bullish

As of

Analyst Rating

Based on 2 analysts
TIED50%

1 of 2 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
1
50%
HOLD
1
50%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+15.34%
5Y+21.13%
3Y+10.10%
1Y+4.17%
TTM+9.91%

Net profit

Net profit growth by window
10Y+18.68%
5Y+43.57%
3Y+27.64%
1Y+10.24%
TTM+23.53%

Operating cash flow

Operating cash flow growth by window
10Y+13.37%
5Y+35.99%
3Y+45.45%
1Y+26.58%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+0.46 pp
5Y+2.27 pp
3Y+3.07 pp
1Y+1.81 pp
TTM+1.83 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,093 Cr
Mar 2018₹1,274 Cr
Mar 2019₹1,661 Cr
Mar 2020₹1,636 Cr
Mar 2021₹1,572 Cr
Mar 2022₹2,613 Cr
Mar 2023₹3,072 Cr
Mar 2024₹3,525 Cr
Mar 2025₹3,936 Cr
Mar 2026₹4,100 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹20.00 Cr
Mar 2018₹16.00 Cr
Mar 2019₹31.00 Cr
Mar 2020₹34.00 Cr
Mar 2021₹30.00 Cr
Mar 2022₹75.00 Cr
Mar 2023₹88.00 Cr
Mar 2024₹132 Cr
Mar 2025₹166 Cr
Mar 2026₹183 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹486 Cr +16.1% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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

121d ago

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.

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.

Quarterly Results

₹ Cr
GOODLUCK quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
858
886
878
902
913
976
942
1,105
983
991
1,037
1,088
1,287
1,363
Expenses
788
814
804
836
838
905
862
1,020
891
900
936
975
1,153
1,247
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
11
Interest
22
19
21
15
22
17
20
22
28
26
27
25
30
40
Depreciation
9
9
9
9
10
10
10
14
15
15
17
20
21
21
PBT
40
46
46
50
48
62
54
57
53
57
59
77
88
67
Tax %
29%
24%
31%
26%
25%
25%
23%
27%
25%
25%
25%
27%
24%
24%
Net Profit
29
35
32
37
36
47
41
42
40
43
44
56
67
51
EPS (₹)
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
—

Sep 2026: from the results filed on 28 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
GOODLUCK profit and loss, annual, ₹ crore
Particulars 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 (₹)
4.22
4.97
2.99
2.32
4.56
4.91
4.09
9.62
10.73
13.88
16.87
18.31
20.48
Div. Payout %
12%
10%
8%
0%
0%
0%
0%
12%
14%
14%
8%
5%
—

Balance Sheet

₹ Cr
GOODLUCK balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
GOODLUCK cash flow, annual, ₹ crore
Particulars 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

Ratios

GOODLUCK financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view Goodluck India insights

64 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 54.00%
  • Public 29.84%
  • Others 7.89%
  • DIIs 6.36%
  • FIIs 1.91%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Goodluck India

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.
Where is Goodluck India Ltd (GOODLUCK) listed?
Goodluck India Ltd trades as GOODLUCK on the NSE and under code 530655 on the BSE.
Which sector does Goodluck India Ltd belong to?
Goodluck India Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Goodluck India Ltd?
Goodluck India Ltd trades at a PE ratio of 26.47 as of 4 Nov 2026, on earnings per share of ₹20.48, against a book value of ₹174.94 per share.
What is the 52-week high and low of Goodluck India Ltd?
Over the last 52 weeks Goodluck India Ltd has traded between ₹305 and ₹615 as of 4 Nov 2026.
Does Goodluck India Ltd pay dividends?
Goodluck India Ltd has a dividend yield of 0.78%.
What is the Return on Equity (ROE) of Goodluck India Ltd?
Goodluck India Ltd reported a return on equity of 13.00%. Its debt-to-equity ratio is 0.75.

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.

Website goodluckindia.com
CEO Mr. Mahesh Chandra Garg
Employees 4,500
Listed 8 Jan 2015
Face Value ₹2

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