Goodluck India Ltd
GOODLUCKGoodluck India Ltd's price has outrun its earnings. +35.7% in a year against EPS +7.5% — the market is paying now for delivery later.
The sharpest disagreement: the price moved +35.7% in a year while annual EPS moved +7.5% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a confirmed uptrend (14 weeks in) while the P/E sits at the 99th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +33.3% year on year, and 65% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Goodluck India Ltd trades at ₹1,547, in a confirmed uptrend and 14 weeks into that stage. That is +26.1% against its own 200-day average. It sits at 97% of a 52-week range of ₹980 to ₹1,566. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks.
Today the stock is in a confirmed uptrend — week 14 of stage 2, confirmed. At ₹1,547 it trades +26.1% versus its 200-day average and sits at 97% of its 52-week range (₹980–₹1,566).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +1,629% while the NIFTY 500 moved +272% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 3 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 99th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Goodluck India Ltd trades at 27.8× P/E, about the priciest it has ever traded. Its long-run median P/E is 10.2×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 27.8× is about the priciest it has ever traded, against a long-run median of 10.2× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved +7.5% against a +35.7% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +54.2%/yr price move, ~+33.5%/yr came from earnings growth and ~+20.7 pp from the multiple (expanding); over 10y, of the +31.0%/yr price move, ~+13.6%/yr came from earnings growth and ~+17.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Goodluck India Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE holding at 20.9% — the per-curve reads carry the story. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +4.2% | +10.1% | +21.1% | +15.3% |
| Profit | +10.2% | +27.6% | +43.6% | +18.7% |
| EPS | +7.5% | +19.1% | +34.7% | +13.8% |
| Share price | +35.7% | +50.9% | +54.2% | +31.0% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
57.2/100 — rank 5 of 15 in Steel - Tubes/Pipes · 96% evidence confidence
Goodluck India Ltd scores 57.2 out of 100 against the 15 companies it is compared with in Steel - Tubes/Pipes, ranking 5. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 18.7 + 11.1 + 10.9 + 16.5 = 57.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Goodluck India Ltd reported ₹1,088 Cr of revenue in the Mar 26 quarter, −1.5% year on year. Over 10 years it has compounded at 15.3% a year. The last full year, FY26, came in at ₹4,100 Cr. The last four reported quarters add to ₹4,099 Cr.
Goodluck India Ltd reported ₹1,088 Cr of revenue in the Mar 26 quarter, −1.5% year on year. Over 10 years it has compounded at 15.3% a year. The last full year, FY26, came in at ₹4,100 Cr. The last four reported quarters add to ₹4,099 Cr.
FY26 revenue came in at ₹4,100 Cr (+4.2% on the year), capping 10 years at 15.3% compound. The latest quarter (Mar 26) printed ₹1,088 Cr, −1.5% year on year.
Pace check: the last four quarters averaged +4.4% growth against the decade's 15.3% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +4.1% over the last 4 quarters against +7.9%/yr over the last 8 — rolling over; TTM profit +10.2% vs +17.3%/yr — rolling over.
→ Revenue slipped — did margins hold as it scaled? Next: 10.0% this quarter (+2.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Goodluck India Ltd's operating margin is 10.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 5.0% to 10.0%. The current quarter sits inside that band.
Goodluck India Ltd's operating margin is 10.0% in the Mar 26 quarter, +2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 5.0% to 10.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 10.0%, +2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 5.0%–10.0%, and FY26's 10.0% is the top of that band — a record year.
Why the margin moved: operating margin went +2.7 pp year on year while gross margin went +5.7 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins held — did that reach the bottom line? Next: profit +33.3% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Goodluck India Ltd earned ₹56.0 Cr of net profit in the Mar 26 quarter, +33.3% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹183 Cr. The 10-year compound rate is 18.7%. That is 5.1% of the quarter's revenue. The same quarter a year earlier earned ₹42.0 Cr.
Goodluck India Ltd earned ₹56.0 Cr of net profit in the Mar 26 quarter, +33.3% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹183 Cr. The 10-year compound rate is 18.7%. That is 5.1% of the quarter's revenue. The same quarter a year earlier earned ₹42.0 Cr.
Mar 26 profit was ₹56.0 Cr, +33.3% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹183 Cr (+10.2%), and the 10-year compound rate is 18.7%.
Why profit moved: revenue contributed −1.5% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +10.8% vs revenue +4.4%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 65% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 65% of Goodluck India Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹200 Cr of operating cash against ₹183 Cr of profit. After ₹347 Cr of capital spending, ₹−147 Cr was left as free cash.
FY26: operating cash of ₹200 Cr against reported profit of ₹183 Cr, leaving free cash of ₹−147 Cr after ₹347 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 65% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 65%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 7.0× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹1,033 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Goodluck India Ltd's cash conversion cycle runs 132 days in FY26, down from 137 days in FY21. Capital spending ran ₹1,033 Cr over the last 3 years. At FY26 sales of ₹4,100 Cr each day of that cycle holds about ₹11.2 Cr, so roughly ₹1,483 Cr sits inside the business at any moment.
FY26: debtors at 43 days, inventory at 110 days — roughly 3.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 132 days, tighter than FY21's 137.
The full loop: cash goes out to suppliers and production on day 0; stock waits 110 days to sell; customers pay about 43 days after that; and suppliers themselves are paid at 20 days — netting out to the 132-day cycle.
In money terms: at FY26 sales of ₹4,100 Cr, each day of the cycle holds about ₹11.2 Cr — so the 132-day loop keeps roughly ₹1,483 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹1,033 Cr over the last 3 fiscal years against ₹147 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹121 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 14% and the ROIC − WACC spread is −1.5 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Goodluck India Ltd earns a ROCE of 14% in FY26. That is up from a trough of 11% in FY21. Return on invested capital clears the cost of that capital by −1.5 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 4.5% net margin on 1.35× asset turns.
FY26 ROCE is 14%, recovered from a FY21 trough of 11% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 4.5% net margin × 1.35× asset turns × 2.04× balance-sheet leverage ≈ 12.4% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 10.5% − 12.0% = a −1.5 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.75.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Goodluck India Ltd carries total debt of ₹1,119 Cr against shareholder equity of ₹1,529 Cr as of Mar 26, a debt-to-equity of 0.73. On the annual view that ratio went from 1.27 in FY22 to 0.73 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹1,119 Cr against shareholder equity of ₹1,529 Cr — a debt-to-equity of 0.73. On the annual view, debt-to-equity went from 1.27 (FY22) to 0.73 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 4.7 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 4.7 points of Goodluck India Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 6.5% of the company. Promoters moved −1.8 points over the same window, to 54.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +4.7 points over 8 quarters to 6.5%; Promoters: −1.8 points over 8 quarters to 54.0%; Foreign institutions: −1.5 points over 8 quarters to 2.5%.
Why the register moved: rotation — foreign institutions −1.5 points against domestic institutions +4.7 points over 8 quarters, with promoters −1.8 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Goodluck India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Goodluck India Ltd this page | 27.8× | ₹5,024 Cr | Mixed | |||
| APL Apollo Tubes Ltd | 42.1× | ₹50,612 Cr | Mixed | |||
| Maharashtra Seamless Ltd | 10.9× | ₹7,658 Cr | Deteriorating | |||
| Surya Roshni Ltd | 18.1× | ₹5,179 Cr | Mixed | |||
| DEE Development Engineers Ltd | 57.4× | ₹4,526 Cr | No read | |||
| Man Industries (India) Ltd | 23.2× | ₹3,956 Cr | Mixed | |||
| Venus Pipes & Tubes Ltd | 34.4× | ₹3,522 Cr | Turning around | |||
| Sambhv Steel Tubes Ltd | 23.6× | ₹3,416 Cr | — | No read | ||
| Welspun Specialty Solutions Ltd | 119.0× | ₹3,399 Cr | No read | |||
| JTL Industries Ltd | 28.2× | ₹2,775 Cr | Turning around | |||
| Welspun Specialty Solutions Ltd | 112.0× | ₹2,469 Cr | No read | |||
| Hi-Tech Pipes Ltd | 22.6× | ₹1,722 Cr | Mixed | |||
| Hariom Pipe Industries Ltd | 16.0× | ₹1,213 Cr | No read | |||
| Gandhi Special Tubes Ltd | 18.2× | ₹1,055 Cr | Mixed | |||
| Scoda Tubes Ltd | 22.7× | ₹880 Cr | No read | |||
| Rama Steel Tubes Ltd | 55.4× | ₹697 Cr | Turning around |
Frequently asked questions
What is Goodluck India Ltd's share price today?
Goodluck India Ltd trades at ₹1,547, +35.7% over the past year. The company is valued at ₹5,024 Cr. The stock sits at 97% of its 52-week range of ₹980–₹1,566, +26.1% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 14 weeks in. — as of 24 July 2026.
What were Goodluck India Ltd's latest quarterly results?
Goodluck India Ltd reported revenue of ₹1,088 Cr and net profit of ₹56.0 Cr for the Mar 26 quarter. Revenue fell 1.5% and profit rose 33.3% year on year. Earnings per share were ₹16.41. The operating margin was 10.0%, 2.0 pp higher than a year earlier. — as of 24 July 2026.
What is Goodluck India Ltd's revenue?
Goodluck India Ltd reported revenue of ₹1,088 Cr in the Mar 26 quarter, −1.5% year on year. For the full FY26 fiscal year, revenue was ₹4,100 Cr (+4.2%). Over the last 10 years revenue compounded at 15.3% a year. — as of 24 July 2026.
What is Goodluck India Ltd's profit?
Goodluck India Ltd earned ₹56.0 Cr of net profit in the Mar 26 quarter, +33.3% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹183 Cr. The operating margin ran 10.0% in the latest quarter. — as of 24 July 2026.
What is Goodluck India Ltd's market cap?
Goodluck India Ltd's market capitalisation is ₹5,024 Cr at a share price of ₹1,547. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Goodluck India Ltd's P/E ratio?
Goodluck India Ltd trades at a P/E of 27.8×, at the 99th percentile of its own 10-year range, against a long-run median of 10.2×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Goodluck India Ltd pay a dividend?
Yes — Goodluck India Ltd's dividend payout was 6% of profit in FY26, and it recorded a payout in 9 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Goodluck India Ltd overvalued?
On its own history, Goodluck India Ltd looks expensive against its own history: its P/E of 27.8× sits at the 99th percentile of its 10-year range (long-run median 10.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is Goodluck India Ltd growing?
Yes — Goodluck India Ltd is growing: latest-quarter revenue −1.5% year on year, profit +33.3%, and the margin +2.0 pp at 10.0%. The 10-year compound rates are 15.3% (revenue) and 18.7% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Goodluck India Ltd performing?
Goodluck India Ltd is in a confirmed uptrend, 14 weeks in. Its latest quarter's revenue fell 1.5% and profit rose 33.3% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Goodluck India Ltd in?
Mixed — no clean majority across the growth curves, ROCE holding at 20.9% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +4.1% latest, profit growth +10.2% latest, eps growth +8.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Goodluck India Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 14 of stage 2), trading +26.1% versus its 200-day average and at 97% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Goodluck India Ltd beating the market?
On recent form, yes — Goodluck India Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 3 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +1,629% against the NIFTY 500's +272% — ahead of the index over the full window. — as of 24 July 2026.
Will Goodluck India Ltd's share price go up?
This page publishes no price forecast for Goodluck India Ltd. What it measures instead: the share price is ₹1,547, the price is in a confirmed uptrend 14 weeks in. Its P/E of 27.8× sits at the 99th percentile of its own 10-year range. — as of 24 July 2026.
Who owns Goodluck India Ltd?
Promoters hold 54.0% of Goodluck India Ltd, foreign institutions 2.5%, domestic institutions 6.5% and the public 37.0% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 4.7 points over 8 quarters. — as of 24 July 2026.
Does Goodluck India Ltd have too much debt?
It is moderate — Goodluck India Ltd's debt-to-equity is 0.75, and operating profit covers the interest bill 4×. FY26 borrowings were ₹1,119 Cr against equity of ₹1,491 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Goodluck India Ltd's capex?
Goodluck India Ltd spent ₹1,033 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹347 Cr, with ₹121 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Goodluck India Ltd's cash flow?
Goodluck India Ltd generated ₹200 Cr of operating cash flow in FY26 and ₹−147 Cr of free cash flow after ₹347 Cr of capital spending. Reported profit that year was ₹183 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Goodluck India Ltd's profit real cash?
Mostly — over the last 3 fiscal years, 65% of Goodluck India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹200 Cr against reported profit of ₹183 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Goodluck India Ltd in its business cycle?
Goodluck India Ltd's FY26 operating margin was 10.0%, against a 13-year band of 5.0%–10.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 10.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Goodluck India Ltd story?
The sharpest disagreement: the price moved +35.7% in a year while annual EPS moved +7.5% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Goodluck India Ltd a stock worth studying right now?
This is not investment advice. The machine read: Goodluck India Ltd's price has outrun its earnings. +35.7% in a year against EPS +7.5% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.