Goodluck India Ltd. (IN:GOODLUCK)
:GOODLUCK
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Goodluck India Ltd.
(GOODLUCK)
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Rating:61Neutral
Price Target:
₹1,411.00
▲(29.27% Upside)
Action:Reiterated
Date:05/27/26
The score is held back primarily by weak cash generation (recurring negative free cash flow and uneven operating cash flow) despite strong revenue growth and improved profitability. Technicals are supportive with the stock trading above key moving averages and neutral-to-positive momentum, while valuation appears reasonable but not compelling given the low dividend yield.
Positive Factors
Revenue Growth
Sustained top-line expansion more than doubled revenue over the period, building a larger earnings base and scale. That scale supports tougher fixed-cost absorption, capacity utilization gains and strategic reinvestment, improving structural competitiveness over the next 2-6 months.
Negative Factors
Weak Cash Generation
Recurring negative free cash flow and operating cash conversion far below earnings indicate the business consumes cash despite reported profits. This structurally increases reliance on external funding, constrains organic capex and dividends, and elevates liquidity and execution risk over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line expansion more than doubled revenue over the period, building a larger earnings base and scale. That scale supports tougher fixed-cost absorption, capacity utilization gains and strategic reinvestment, improving structural competitiveness over the next 2-6 months.
Read all positive factors
Goodluck India Ltd. (GOODLUCK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹44.00B
Dividend Yield0.38%
Average Volume (3M)23.69K
Price to Earnings (P/E)23.4
Beta (1Y)1.68
Revenue Growth4.18%
EPS Growth10.75%
CountryIN
Employees2,647
SectorConsumer Defensive
Sector Strength42
IndustrySteel
Share Statistics
EPS (TTM)50.70
Shares Outstanding33,238,510
10 Day Avg. Volume9,536
30 Day Avg. Volume23,691
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)62.9
Revenue Forecast (FY)₹43.48B
Goodluck India Ltd. Business Overview & Revenue Model
Company Description
Goodluck India Limited, incorporated in 1986 and based in Ghaziabad, India, is a global manufacturer and exporter of a wide array of metal engineering products. The company's diverse offerings include galvanized sheets and coils, various types of ...
How the Company Makes Money
Goodluck India primarily makes money by manufacturing and selling steel products to domestic and international customers. Its revenue model is product-led: (1) Sale of steel tubes/pipes (including ERW/precision tubes) to industrial and engineering...
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 | 40.03B | 41.00B | 39.36B | 34.84B | 30.48B | 25.78B |
| Gross Profit | 10.61B | 9.84B | 10.79B | 8.34B | 3.71B | 3.53B |
| EBITDA | 3.60B | 3.98B | 3.11B | 2.95B | 2.19B | 1.87B |
| Net Income | 1.65B | 1.81B | 1.65B | 1.32B | 878.01M | 750.11M |
Balance Sheet | ||||||
| Total Assets | 27.80B | 30.46B | 25.29B | 20.32B | 14.71B | 12.53B |
| Cash, Cash Equivalents and Short-Term Investments | 466.98M | 495.13M | 463.09M | 2.11B | 4.59M | 2.76M |
| Total Debt | 10.09B | 11.19B | 8.82B | 6.12B | 5.98B | 5.90B |
| Total Liabilities | 13.41B | 15.18B | 11.83B | 8.82B | 8.51B | 7.88B |
| Stockholders Equity | 14.03B | 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. Technical Analysis
Positive
1091.50
Price Trends
1279.10
Positive
1185.30
Positive
1170.48
Positive
Market Momentum
4.64
Positive
49.43
Neutral
39.04
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 below the 20-day moving average (MA) of 1344.14, below the 50-day MA of 1279.10, and below the 200-day MA of 1170.48, indicating a neutral trend. The MACD of 4.64 indicates Positive momentum. The RSI at 49.43 is Neutral, neither overbought nor oversold. The STOCH value of 39.04 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
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹55.14B | 37.15 | ― | ― | 10.17% | 25.86% | |
65 Neutral | ₹40.09B | 37.93 | ― | 0.35% | 24.72% | 12.62% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹44.00B | 23.42 | ― | 0.38% | 4.18% | 10.75% | |
60 Neutral | ₹69.00B | 53.93 | ― | 0.74% | -0.24% | -48.94% | |
59 Neutral | ₹30.16B | 10.25 | ― | 0.21% | 8.46% | 60.51% | |
45 Neutral | ₹22.99B | -96.44 | ― | ― | 10.73% | -166.63% |
* Consumer Defensive Sector Average
IN:GOODLUCK
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Goodluck India Ltd. Corporate Events
Goodluck India Clears FY26 Results, Recommends 150% Dividend and New Auditors
May 26, 2026
Goodluck India Limited’s board approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, alongside recommending a final dividend of 150%, or Rs 3 per equity share of face value Rs 2, for...
Goodluck India Board Clears FY26 Results, Dividend and New Audit Appointments
May 26, 2026
Goodluck India Ltd. said its board has approved audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, alongside recommending a final dividend of 150%, or Rs 3 per equity share of Rs 2, for FY 2025-26, ...
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.