Goodluck India Ltd - Stock Valuation and Financial Performance

BSE: 530655 | NSE: GOODLUCK | Steel & Iron Products | Small Cap

Goodluck India Share Price

850 15.15 1.81%
as on 28-Mar'24 14:22

DeciZen - make an informed investing decision on Goodluck India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Goodluck India stock performance -

mw4me loader
P/E Ratio (SA):
21.58
Market Cap:
2,652.6 Cr.
52-wk low:
365.6
52-wk high:
1,168.8

Is Goodluck India Ltd an attractive stock to invest in?

1. Is Goodluck India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Goodluck India Ltd is a below average quality company.

2. Is Goodluck India Ltd undervalued or overvalued?

The key valuation ratios of Goodluck India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Goodluck India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Goodluck India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Goodluck India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Goodluck India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.5%9.9%11.3%8.9%8%9.9%9.3%7.7%11.7%11.7%-
Value Creation
Index
-0.3-0.3-0.2-0.4-0.4-0.3-0.3-0.5-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9751,0619831,0931,2701,6571,6361,5722,6133,0723,354
Sales YoY Gr.-8.8%-7.3%11.2%16.2%30.4%-1.3%-3.9%66.2%17.6%-
Adj EPS 7.28.714.496.413.514.712.328.931.938.7
YoY Gr.-21.6%65.4%-37.8%-28.6%110%9.5%-16.7%134.9%10.5%-
BVPS (₹) 72.482.295.5103.9110.3123.6149.4156.5179.2219.6320.9
Adj Net
Profit
14.319.231.819.814.83133.930.17586.9123
Cash Flow from Ops. 49.482.352.722.67558.458.143.176.766.9-
Debt/CF from Ops. 5.73.86.718.268.68.812.47.78.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.6%19.3%23.4%17.6%
Adj EPS 18%37.8%29.3%10.5%
BVPS13.1%14.8%13.7%22.5%
Share Price 46.3% 67.2% 135.2% 99.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.811.816.28.96.111.510.88.317.71614.3
Op. Profit
Mgn %
4.65.59.287.87.77.87.476.78.2
Net Profit
Mgn %
1.51.83.21.81.21.92.11.92.92.83.7
Debt to
Equity
21.71.71.81.81.81.51.41.31-
Working Cap
Days
12211513113914512513916211211159
Cash Conv.
Cycle
857991929286103113767917

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.30%

Sales growth is growing at healthy rate in last 3 years 23.37%

Net Profit is growing at healthy rate in last 3 years 29.34%

Debt to equity has declined versus last 3 years average to 1.00

Sales growth is good in last 4 quarters at 12.98%

No data to display

Latest Financials - Goodluck India Ltd.

Standalone Consolidated
TTM EPS (₹) 38.7 38.7
TTM Sales (₹ Cr.) 3,354 3,354
BVPS (₹.) 320.9 321.2
Reserves (₹ Cr.) 1,013 1,014
P/BV 2.60 2.60
PE 21.58 21.56
From the Market
52 Week Low / High (₹) 365.60 / 1168.80
All Time Low / High (₹) 0.20 / 1168.80
Market Cap (₹ Cr.) 2,653
Equity (₹ Cr.) 6.4
Face Value (₹) 2
Industry PE 24.8

Management X-Ray of Goodluck India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Goodluck India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales9751,0619831,0931,2701,6571,6361,5722,6133,072
Operating Expenses 9311,0038931,0061,1721,5301,5081,4562,4302,868
Manufacturing Costs838910510597137164161217277
Material Costs7548206837799391,2451,1681,1201,8832,243
Employee Cost 343846575871837497126
Other Costs 60565965777792101233222
Operating Profit 4458918799127128116183204
Operating Profit Margin (%) 4.5%5.5%9.2%8.0%7.8%7.7%7.8%7.4%7.0%6.7%
Other Income 27271152246414
Interest 35373948566160555766
Depreciation 8111518202426282933
Exceptional Items 0000000000
Profit Before Tax 2836482725444540101120
Tax 109157101411102633
Profit After Tax 18283320153134307587
PAT Margin (%) 1.8%2.6%3.4%1.8%1.2%1.8%2.1%1.9%2.9%2.8%
Adjusted EPS (₹)8.912.515.19.06.413.314.712.328.931.9
Dividend Payout Ratio (%)3%12%10%8%0%0%0%0%12%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 144181210229254284344383466598
Share Capital 4444555555
Reserves 140177206224249280339379461593
Minority Interest0000000000
Debt265292338389418468470501539549
Long Term Debt3979991151241217512811791
Short Term Debt226213239274294347395373422458
Trade Payables6341589198996898103128
Others Liabilities 5356656492103117115145195
Total Liabilities 5265706717738629549991,0981,2531,470

Fixed Assets

Gross Block168248297273289393428439504574
Accumulated Depreciation44567018376086114142173
Net Fixed Assets124193227256252333341325362401
CWIP 124845751123137
Investments 2551110014
Inventories137151184233239304315353428520
Trade Receivables188150172194201247239235283351
Cash Equivalents 8121112141611101312
Others Assets54566472994793162136145
Total Assets 5265706717738629549991,0981,2531,470

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 49825323755858437767
PBT 2836482725444540101120
Adjustment 43495460758285789699
Changes in Working Capital -145-39-59-18-58-64-63-100-120
Tax Paid -8-7-10-5-7-9-8-12-20-32
Cash Flow From Investing Activity -28-75-53-36-66-51-29-22-84-80
Capex -28-72-53-36-68-53-30-23-84-78
Net Investments 0-30000000-4
Others 0001121101
Cash Flow From Financing Activity -21-3-113-8-8-28-23613
Net Proceeds from Shares 0120390271177
Net Proceeds from Borrowing 0001520-4-13467-29
Interest Paid -35-37-39-48-56-60-60-54-57-66
Dividend Paid -1-4-4-2-2000-4-5
Others 16264244205642-234936
Net Cash Flow 14-100-11-2-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.4816.9616.9896.1111.3710.798.2717.6616.33
ROCE (%)15.3416.0116.5512.4412.0914.0512.7810.71616.34
Asset Turnover Ratio2.172.141.751.671.591.821.681.52.222.26
PAT to CFO Conversion(x)2.722.931.611.1551.871.711.431.030.77
Working Capital Days
Receivable Days63535455554954553638
Inventory Days43455663666069775556
Payable Days25232635372926272019

Goodluck India Ltd Stock News

Goodluck India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Goodluck India on 28-Mar-2024 14:22 is ₹850.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 14:22 the market cap of Goodluck India stood at ₹2,652.6.
The latest P/E ratio of Goodluck India as of 28-Mar-2024 14:22 is 21.58.
The latest P/B ratio of Goodluck India as of 28-Mar-2024 14:22 is 2.60.
The 52-week high of Goodluck India is ₹1,168.8 and the 52-week low is ₹365.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Goodluck India is ₹3,354 ( Cr.) .

About Goodluck India Ltd

Good Luck Steel Tubes Ltd.(GLST) was established in 1986 and commenced production in with an objective to provide quality material to the national and international market. The journey from supplying black steel pipes to becoming one of the leading manufacturers of Black and Galvanized Pipes & Tubes, Cold Rolled Steel & Galvanized Sheets / Coils has been filled with accomplishments and accolades. The quality of our products and services are widely recognized.

Goodluck Group is one of India's leading and fastest growing business group with over 500 employees and having multi location plants and units. With experience of more than two decades in the industry Goodluck has diversified business interests in the national and international market.

The company is working under various divisions
  • Pipe Division
  • Coal Division
  • Galvanished Sheets - Coils
  • International Division
  • Engineering Division

The company is manufacturing and exporting wide range of steel tubes and pipes for various purposes. Apart from the following standard range of products we also manufacture customized products as per the requirement of the buyers.

Hindon Carrying Co. Corporation (P) Ltd. is the division of the Good Luck Group involved in the supply of Indian & Imported Coal/Coke of all types.

The Galvanished Sheets -Coils unit is engaged in manufacturing standard range of Galvanised Plain & Corrugated Sheets/ Coils for wide range of applications. Cold Rolled Sheets/Coils produced by GLST are widely used in various applications.

International Division is engaged in export of wide range of engineering products, construction hardwares, plants & machinery.
Engineering Division unit is engaged in manufacturing tools,scaffold fittings,Bicycles, components and accessories Automobile spare parts, Sanitary fittings, Kitchen fittings & accessories ,Tube mills, Plants, Transmission tower etc.


Product range of the company includes:
  • ERW Black and Galvanized Pipes & Tubes 
  • Cold Rolled Steel 
  • Galvanized Sheets-Coils 
  • Hollow Sections 
Achievements/ recognition:
  • The ISO 9001 Certificate awarded by the Det Norske Veritas (DNV)
  • BIS Certificate Marks license, awarded by the Bureau of Indian Standards
  • Equivalent BS/ASTM/DIN/JIS Standards

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