Goodluck India Ltd. (GOODLUCK) AI Stock Analysis

• Market Cap: ₹37.04B
• Dividend Yield: 0.38%
• Average Volume (3M): 23.69K
• Price to Earnings (P/E): 22.3
• Beta (1Y): 1.52
• Revenue Growth: 9.57%
• EPS Growth: 3.24%
• Country: IN
• Employees: 2,647
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Steel
• EPS (TTM): 12.75
• Shares Outstanding: 33,238,510
• 10 Day Avg. Volume: 9,536
• 30 Day Avg. Volume: 23,691
• PEG Ratio: 1.59
• Price to Book (P/B): 1.83
• Price to Sales (P/S): 0.61
• P/FCF Ratio: -7.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ₹1,173.00 ▲(7.47% Upside)

Goodluck India Ltd. is performing well financially with strong revenue growth and profitability. The technical indicators show a positive trend, supporting the stock's upward momentum. Valuation metrics suggest the stock is fairly valued, though improvements in cash flow management could enhance future performance.

Positive Factors

Revenue growth trajectory

Sustained revenue growth indicates expanding market share and product adoption across infrastructure and industrial end-markets. Over 2-6 months this supports predictable top-line momentum, better negotiating leverage with suppliers, and a stronger base for profitable, repeat project sales.

Improving core profitability

Rising gross and net margins and a stronger EBIT margin indicate the company is extracting more value from sales and improving operational efficiency. This structural margin improvement supports durable earnings power and resilience to input-cost volatility over medium term.

Healthy equity base and ROE improvement

A strong equity ratio and rising ROE signal solid capital structure and effective use of shareholder capital. This provides long-term financial flexibility to fund growth, absorb shocks, and pursue value-add investments without immediate reliance on external financing.

Negative Factors

Negative free cash flow

Persistent negative free cash flow weakens the company's ability to self-fund capex, deleverages, or return capital to shareholders. Over 2-6 months this can force reliance on external financing, elevate funding costs, and constrain strategic investments or working-capital flexibility.

Debt levels need monitoring

A material debt load, even if currently manageable, raises interest and refinancing risks during industry slowdowns. In a capital-intensive sector, elevated leverage can restrict operational flexibility and increase vulnerability to cyclical demand shifts over the medium term.

Lagging EBITDA margin improvement

Slower improvement in EBITDA margin versus other profitability metrics suggests structural cost or scale constraints. If not addressed, weaker EBITDA conversion can limit cash generation and reinvestment capacity, reducing resilience to raw material price swings or lower volumes.

Goodluck India Ltd. Business Overview & Revenue Model

Company Description

Goodluck India Limited manufactures and exports a range of galvanized sheets and coils, towers, hollow sections, cold rolled coils, flanges, and pipes and tubes worldwide. The company provides galvanized pipes, including welded tubes and pipes, hot dip galvanized pipes, black pipes, grooved pipes, pre galvanized pipes, and casing and screen pipes; square and rectangular pipes, such as square, rectangular, and round hollow sections; and cold rolled coils and sheets, galvanized coils, galvanized sheets, cold rolled close annealed, and pickling and oiling of HR coils. It also offers cold drawn welded (CDW) tubes comprising CDW/DOM, seamless, precision, bicycle frame, engineering, boiler, heat exchanger, propeller shaft, transformer, fuel and air, furniture, structural, and telescopic front fork tubes, as well as bobbin tubes for textile machines, automotive shock absorbers, and steel tubes for automobiles. In addition, the company provides forgings; and substation structures, support structures for boiler and other equipment, infrastructure project structures, ducting support structures, solar module mounting structures, and fabricated equipment, as well as transmission and telecom towers. It serves clients from public sector, private sector OEMs, and central and state government departments. The company was formerly known as Good Luck Steel Tubes Limited and changed its name to Goodluck India Limited in June 2016. Goodluck India Limited was incorporated in 1986 and is based in Ghaziabad, India.

How the Company Makes Money

Goodluck India Ltd. generates revenue primarily through the manufacturing and sale of its extensive range of steel products. The company's key revenue streams include the domestic sale of galvanized sheets, coils, and pipes to the construction and infrastructure sectors, as well as the export of its products to international markets. Additionally, the company leverages significant partnerships with automotive and engineering firms, providing customized and precision-engineered steel components. Goodluck India Ltd.'s earnings are further bolstered by its strategic investments in technology and manufacturing capabilities, enabling the production of high-quality and cost-effective products that meet diverse industry standards.

Goodluck India Ltd. Financial Statement Overview

Summary

Goodluck India Ltd. demonstrates strong revenue growth and improving profitability, with a solid balance sheet. However, cash flow management, particularly free cash flow, requires attention.

Income Statement

Goodluck India Ltd. has shown consistent growth in revenue, with significant increases over the past few years. Gross profit margin and net profit margin have improved, indicating enhanced profitability. The EBIT margin has also strengthened significantly, as observed in the latest reports. However, the EBITDA margin needs attention due to its lower relative improvement.

Balance Sheet

The company's balance sheet reflects a healthy equity ratio, indicating a strong equity base relative to total assets. The debt-to-equity ratio is manageable but requires monitoring to avoid potential leverage risks. Return on Equity has improved, showcasing effective utilization of equity, yet the high level of debt could pose risks if not managed properly.

Cash Flow

While operating cash flow has improved over time, Goodluck India Ltd. faces challenges with negative free cash flow, indicating a need for better capital expenditure management. The operating cash flow to net income ratio is healthy, but the free cash flow to net income ratio highlights a need for strategic improvements.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	39.87B	39.36B	34.84B	30.48B	25.78B	15.48B
Gross Profit	10.50B	10.79B	8.34B	3.71B	3.53B	1.68B
EBITDA	3.51B	3.11B	2.95B	2.19B	1.87B	1.22B
Net Income	1.69B	1.65B	1.32B	878.01M	750.11M	300.47M
Balance Sheet
Total Assets	0.00	25.29B	20.32B	14.71B	12.53B	10.98B
Cash, Cash Equivalents and Short-Term Investments	463.09M	463.09M	2.11B	4.59M	2.76M	7.93M
Total Debt	0.00	8.82B	6.12B	5.98B	5.90B	5.34B
Total Liabilities	-13.47B	11.83B	8.82B	8.51B	7.88B	7.14B
Stockholders Equity	13.47B	13.11B	11.51B	6.20B	4.66B	3.83B
Cash Flow
Free Cash Flow	0.00	-3.33B	-2.42B	-134.09M	-75.63M	198.94M
Operating Cash Flow	0.00	1.58B	-459.26M	648.88M	777.53M	431.07M
Investing Cash Flow	0.00	-4.73B	-1.86B	-781.40M	-846.02M	-221.14M
Financing Cash Flow	0.00	2.12B	3.37B	133.37M	62.98M	-231.11M

Goodluck India Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1091.50
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOODLUCK, the sentiment is Positive. The current price of 1091.5 is above the 20-day moving average (MA) of 1079.79, above the 50-day MA of 1090.57, and above the 200-day MA of 1072.54, indicating a bullish trend. The MACD of -11.42 indicates Positive momentum. The RSI at 55.93 is Neutral, neither overbought nor oversold. The STOCH value of 53.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GOODLUCK.

Goodluck India Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOODLUCK	76 Outperform	₹37.04B	22.26	―	0.38%	9.57%	3.24%
STYLAMIND	74 Outperform	₹37.49B	27.14	―	―	14.11%	-7.20%
JTLIND	66 Neutral	₹27.39B	35.51	―	0.21%	-9.50%	-39.90%
ICIL	63 Neutral	₹46.75B	28.60	―	0.74%	10.86%	-47.15%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
VSTTILLERS	58 Neutral	₹47.83B	50.39	―	0.35%	21.88%	-20.20%
JISLDVREQS	54 Neutral	₹26.56B	28.43	―	―	5.79%	9.84%

Goodluck India Ltd. Corporate Events

Goodluck India Ltd. Secures USD 6 Million Defense Export Order

Goodluck Defence and Aerospace Limited, a subsidiary of Goodluck India Ltd., has secured a significant export order worth USD 6 million for 155mm M107 Ready-to-Fill Shells. This order enhances the company’s position in the global defense market, potentially boosting its operational capabilities and market presence.

Goodluck India Limited Releases Q2 2025 Financial Results

Goodluck India Limited announced the approval of its standalone and consolidated unaudited financial results for the quarter and half-year ending September 30, 2025, following a board meeting held on November 8, 2025. The results, reviewed by the statutory auditor, were released to the public, and the trading window closure will end 48 hours after the announcement. This financial disclosure is crucial for stakeholders as it provides insights into the company’s financial health and operational performance, potentially impacting investor decisions and market perceptions.

Goodluck India Limited Releases Q2 2025 Financial Results

Goodluck India Limited announced its financial results for the quarter and half-year ending September 30, 2025, which were approved by the Board of Directors. The results, reviewed by the statutory auditor, indicate the company’s financial performance during this period. The trading window will close 48 hours after the public release of these results, impacting stakeholders by providing insights into the company’s operational efficiency and market positioning.