Goodluck India Limited (GOODLUCK)

Capital Goods · Industrial Products · NSE · Updated 14 July 2026

₹1,629.4 ↑ 46.06% (1Y)

🎯 Key Takeaways

Goodluck India Limited is transitioning from a mature industrial products manufacturer into a more diversified capital goods player with strategic emphasis on high-margin defense and renewable energy segments. Management is actively restructuring and capitalizing on growth opportunities, including a proposed bonus issue and merger, signaling a phase of strategic transformation rather than organic expansion.
Revenue declined 3.5% QoQ to ₹942 in Q3FY25.
⚠️ Geopolitical dependencies affecting defense order visibility and execution timelines.

Market Cap

₹4,417

P/E Ratio

27.0

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Goodluck India Limited is transitioning from a mature industrial products manufacturer into a more diversified capital goods player with strategic emphasis on high-margin defense and renewable energy segments. Management is actively restructuring and capitalizing on growth opportunities, including a proposed bonus issue and merger, signaling a phase of strategic transformation rather than organic expansion. The company is leveraging operational efficiency gains to improve profitability while navigating sector-specific headwinds.

📰 What's Happening

In Q3FY25, revenue rose to ₹941.98 Cr from ₹902.49 Cr in Q4FY24, with net profit increasing to ₹41.19 Cr and OPM expanding to 8.51% from 7.34%, indicating improving operational efficiency. The board approved a 2:1 bonus issue, adjusted the final dividend to Re. 1.00 per share, sanctioned a ₹275 Cr corporate guarantee for a subsidiary’s HDFC Bank loan, and greenlit the amalgamation of Goodluck Green Energy Limited. Management targets FY27 defense revenue of INR250-300 Crores at 75-80% capacity utilization, with EBITDA margins guided at 30-35%. Capex increased to INR340 Crores amid working capital pressures, and net debt stands at INR1,000 Crores. Renewable energy sales grew 33% YoY, supporting broader infrastructure ambitions including GatiShakti high-speed train components.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	765	858	886	878	902	913	976	942
Operating Profit	60	71	74	76	75	80	89	84
OPM %	7.6%	8.1%	8.1%	8.4%	7.3%	8.2%	7.3%	8.5%
Net Profit	28	29	35	32	37	36	47	41
EPS	₹10.35	₹10.49	₹12.73	₹11.38	₹11.81	₹11.19	₹14.14	₹12.12

Revenue showed sequential improvement in Q3FY25 to ₹941.98 Cr, up from ₹902.49 Cr in Q4FY24, while net profit rose to ₹41.19 Cr from ₹37.22 Cr, reflecting better cost control and margin expansion. OPM improved to 8.51% from 7.34% in the same period, indicating operational gains. However, revenue declined slightly in Q2FY25 to ₹976 Cr from ₹942 Cr in Q3FY25, suggesting volatility in demand or execution. Despite this, PAT margin trends remain positive, with EPS rising to ₹12.12 in Q3FY25. The company’s financial trajectory is shaped by strategic reinvestment and restructuring rather than consistent top-line growth, with management prioritizing margin resilience and segmental diversification.

🔮 Management Outlook & What's Next

Management has provided forward-looking guidance targeting FY27 revenue growth of 14-15% (down from prior 15-20% due to geopolitical headwinds), EBITDA margins of 30-35%, and defense revenue of INR250-300 Crores at 75-80% capacity utilization. These targets reflect a disciplined approach to growth amid external volatility, with emphasis on high-margin segments like defense and renewables. The reduction in revenue growth guidance underscores cautious optimism, balancing ambition with realistic execution parameters. Management continues to focus on capex discipline, debt management, and margin protection as pillars of its long-term strategy.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Industrial Products

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Cummins India Limited	1.49 L Cr	74.4	—	—	—
Polycab India Limited	1.38 L Cr	74.8	—	—	—
APL Apollo Tubes Limited	52,483	43.6	29.3%	22.7%	0.09
KEI Industries Limited	48,924	72.7	—	—	—
Supreme Industries Limited	44,570	43.6	—	—	—
Astral Limited	41,662	79.2	—	—	—
AIA Engineering Limited	35,987	31.0	20.4%	16.8%	0.07
Welspun Corp Limited	34,530	23.2	—	—	—
Timken India Limited	26,561	61.0	—	—	—
Kirloskar Oil Engines Limited	25,295	49.8	—	—	—

🔗 Peer Stock Analyses

CUMMINSIND POLYCAB APLAPOLLO KEI SUPREMEIND

⚠️ Risk Factors

1. Geopolitical dependencies affecting defense order visibility and execution timelines. 2. Execution risks tied to the merger of Goodluck Green Energy Limited and integration of new segments. 3. Contingent liability from the ₹275 Cr corporate guarantee for a subsidiary’s loan, which could impact credit perception. 4. Margin pressure from macroeconomic volatility, as acknowledged in the revised FY27 growth guidance, despite current OPM improvements.

📋 Recent Filings

🧠 Analyst's Read

Goodluck India is undergoing a strategic pivot toward defense and renewable energy with improving operational efficiency, but faces execution risks and macro headwinds that have prompted downward revision of growth targets. The bonus issue and capital restructuring signal shareholder-friendly moves but increase share supply and financial leverage. Investors should monitor defense order inflows, margin trajectory, and progress on the merger and capex execution in the coming quarters.

Based on filing content and financial data. Not a recommendation.

✨ Deep Dive with AI on GOODLUCK

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-14.

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