Goodluck India Ltd Stock Analysis

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

BSE Share Price 08-Dec-2022 18:01
503.35 16.45 (3.38%)

DeciZen - Make an Informed Decision on Goodluck India

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Goodluck India Price Chart

P/E Ratio (SA) :
14.89
Market Cap :
1,266.2 Cr.
52-wk low :
236.2
52-wk high :
554.6
Bole Toh?

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 Semi Strong which suggest that the price of Goodluck India Ltd is likely to Rise-somewhat 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 12.2%9.5%9.9%11.3%8.9%8%9.9%9.3%7.7%11.7%-
Value Creation Index -0.1-0.3-0.3-0.2-0.4-0.4-0.3-0.3-0.5-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9539751,0619831,0931,2701,6571,6361,5722,6132,973
YoY Gr. Rt. %-2.3%8.8%-7.3%11.2%16.2%30.4%-1.3%-3.9%66.2%-
Adj EPS 10.97.28.714.496.413.514.712.328.932.7
YoY Gr. Rt. %--34.1%21.6%65.4%-37.8%-28.6%110%9.5%-16.7%134.9%-
BVPS (₹) 63.472.482.295.5103.9110.3123.6149.4156.5179.2198.6
Adj Net Profit 20.414.319.231.819.814.83133.930.17585
Cash Flow from Ops. 22.249.482.352.722.67558.458.143.176.7-
Debt/CF from Ops. 12.55.73.86.718.268.68.812.47.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.9%19%16.4%66.2%
Adj EPS 11.4%26.3%28.9%134.9%
BVPS 12.211.513.214.5
Share Price 37.3% 43.9% 127.6% 85.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 18.810.811.816.28.96.111.510.88.317.717.3
Op. Profit Mgn % 5.34.65.59.287.87.77.87.476.7
Net Profit Mgn % 2.11.51.83.21.81.21.92.11.92.92.9
Debt to Equity 2.321.71.71.81.81.81.51.41.30.2
Working Cap Days 108122115131139145125139162112107
Cash Conv. Cycle 818579919292861031137628

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.30%

Sales growth is growing at healthy rate in last 3 years 16.40%

Net Profit is growing at healthy rate in last 3 years 28.93%

Sales growth is good in last 4 quarters at 45.21%

Debt to equity has increased versus last 3 years average to 1.27

Latest Financials - Goodluck India Ltd.

Standalone Consolidated
TTM EPS (₹) 32.7 33
TTM Sales (₹ Cr.) 2,973 2,973
BVPS (₹.) 198.6 198.9
Reserves (₹ Cr.) 511 512
P/BV 2.45 2.45
PE 14.89 14.74
From the Market
52 Week Low / High (₹) 236.20 / 554.55
All Time Low / High (₹) 0.20 / 554.55
Market Cap (₹ Cr.) 1,266
Equity (₹ Cr.) 5.2
Face Value (₹) 2
Industry PE 10

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 (%)

News

Goodluck India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Goodluck India on 08-Dec-2022 18:01 is : 503.4.
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 08-Dec-2022 18:01 the market cap of Goodluck India stood at ₹ 1,266.2.
The latest PE ratio of Goodluck India as of 08-Dec-2022 18:01 is 14.89.
The latest PB ratio of Goodluck India as of 08-Dec-2022 18:01 is 2.45
The 52-week high of Goodluck India is ₹ 554.5 and the 52-week low is ₹ 236.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Goodluck India is ₹ 2,973 ( 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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