Goodluck India Ltd (Steel - Tubes/Pipes) — fundamental analysis, earnings data, and key metrics. PE: 19.4. ROE: 13.6%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 earnings • Updated Feb 28, 2026
What: Production started in Q3 FY26, full contribution expected in Q1 FY27 with 4 lakh shells/year capacity
Impact: +₹900 Cr revenue
“Commencement of production at Goodluck Defence and Aerospace Limited is a major inflection point. The facility currently has an annual capacity of 1:50,000 shares and it is being augmented to 4 lakh shares per annum. - Ram Agarwal, CEO”
What: Increasing value-added product mix from 60% to 65% driving margin expansion
“Right now it stands from 56 to 60%. And in the coming year we hope it should go from 60 to 65%. - M.C. Garg, Chairman”
What: 90% completion of Ahmedabad-Mumbai bullet train order driving near-term revenue
“Government has given seven bullet trains as you all know that we have participated in the first bullet train from Ahmedabad to Mumbai and we have almost completed the 90% order. - Ram Agarwal, CEO”
Earnings deceleration risks from management commentary
Trigger: Production not scaling as planned
Impact: -500 bps margin impact
Management view: In Q3 it is not significant because only production has started. It has not started selling. So the contribution will come in this Q4 and the Q1 full contribution will come in the Q1 of next financial year. - M.C. Garg, Chairman
Monitor: Quarterly defense revenue
Trigger: Escalating geopolitical tensions
Impact: -300 bps margin impact
Management view: The steel and engineering sector showed signs of strengthening in the later part of the quarter. Of course the whole of the year had been very volatile due to geopolitical tension which all of us must have been test due to the Trump Trump image which they played with the played havoc with the business we were part of it. - M.C. Garg, Chairman
Monitor: Steel sector volatility index
Key quotes from recent conference calls
“The commencement of production at Goodluck Defence and Aerospace Limited is a major inflection point. The facility currently has an annual capacity of 1:50,000 shares and it is being augmented to 4 lakh shares per annum. — Ram Agarwal”
“EBITDA margin because of whatever you are seeing, it is from the standalone basically. So the EBITDA margins which we are operating, they, we expect they will also increase because we are doing continuously product as well as market market mixing. — M.C. Garg”
“Government has given seven bullet trains as you all know that we have participated in the first bullet train from Ahmedabad to Mumbai and we have almost completed the 90% order. — Ram Agarwal”
“Expected revenue is 300 crores. And with the augmented capacity the revenue will be almost 900 crores. And the EBITDA margins will be almost 30% right now. And we hope it will go in the range of 30 to 35% in the coming year as well. — Yog Rajani”
Forward-looking targets from management for FY27
Implied PAT Growth
35%
OPM Guidance
30%
Capex Plan
₹400 Cr
Key Milestones
• Defense business revenue of ₹900 cr
• Value-added product mix to 65%
• EBITDA margins 30-35%
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 28, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Goodluck India Ltd's latest quarterly results (Dec 2025) show
Goodluck India Ltd's current PE ratio is 19.4x.
Goodluck India Ltd's price-to-book ratio is 2.3x.
Goodluck India Ltd's fundamental strength based on key financial ratios
Goodluck India Ltd has a debt-to-equity ratio of N/A.
Goodluck India Ltd's return ratios over recent years
Goodluck India Ltd's operating cash flow is positive (FY2025).
Goodluck India Ltd's current dividend yield is 0.41%.
Goodluck India Ltd's shareholding pattern (Dec 2025)
Goodluck India Ltd's promoter holding has remained stable recently.
Goodluck India Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Goodluck India Ltd has 3 key growth catalysts identified from recent earnings analysis
Goodluck India Ltd has 2 key risks worth monitoring
In Q3 FY26, Goodluck India Ltd's management highlighted
Goodluck India Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why Goodluck India Ltd may be worth studying
Goodluck India Ltd investment thesis summary:
Goodluck India Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
