Goodluck India Ltd

Goodluck India Ltd

₹ 912 -0.40%
25 Apr 4:01 p.m.
About

Goodluck India Ltd is an engineering conglomerate engaged in the business of manufacturing and selling engineering products such as sheets, pipes, engineering structures, fabricated structures, forgings, and automobile tubes. [1]

Key Points

Products
The company's product portfolio includes a range of galvanized & cold rolled coils/sheets, galvanized & black steel tubes & hollow sections, forgings & flanges, cold drawn welded & precision tubes, engineering fabricated structures for towers, bridges, walkways, girders, boiler support structures, pipe rack structures, chimney structures and secondary support structures, and other cold rolled value-added products. [1]

  • Market Cap 2,897 Cr.
  • Current Price 912
  • High / Low 1,169 / 366
  • Stock P/E 23.6
  • Book Value 241
  • Dividend Yield 0.55 %
  • ROCE 16.6 %
  • ROE 16.5 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 40.6% CAGR over last 5 years

Cons

  • Stock is trading at 3.78 times its book value
  • Promoter holding has decreased over last quarter: -2.01%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
420 481 571 635 706 701 822 779 706 765 858 886 878
388 453 532 592 658 648 772 732 658 707 788 814 804
Operating Profit 32 28 40 44 47 52 51 47 48 58 70 72 74
OPM % 8% 6% 7% 7% 7% 7% 6% 6% 7% 8% 8% 8% 8%
1 4 1 1 1 1 3 4 5 2 1 2 1
Interest 12 14 15 14 14 14 18 15 17 15 22 19 21
Depreciation 7 7 7 7 7 8 8 8 8 9 9 9 9
Profit before tax 15 10 19 23 27 32 29 28 28 36 40 46 46
Tax % 28% 21% 27% 25% 25% 24% 26% 27% 34% 23% 29% 24% 31%
11 8 14 17 20 24 21 20 18 28 29 35 32
EPS in Rs 4.81 3.34 5.53 6.54 7.75 9.34 8.11 7.83 6.75 10.26 10.49 12.73 11.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
971 1,071 984 1,093 1,274 1,661 1,636 1,572 2,613 3,072 3,387
927 1,011 893 1,006 1,175 1,535 1,508 1,456 2,430 2,868 3,113
Operating Profit 44 59 91 87 99 127 128 117 183 204 274
OPM % 5% 6% 9% 8% 8% 8% 8% 7% 7% 7% 8%
27 27 11 5 4 3 4 6 4 15 7
Interest 35 38 40 48 56 61 60 55 57 66 77
Depreciation 8 12 15 18 20 24 26 28 29 33 34
Profit before tax 28 37 47 27 27 45 45 40 101 121 169
Tax % 37% 24% 30% 26% 41% 30% 25% 25% 25% 27%
18 28 33 20 16 31 34 30 75 88 123
EPS in Rs 8.89 12.67 14.91 8.97 6.95 13.67 14.72 12.26 28.84 32.21 44.68
Dividend Payout % 3% 12% 10% 8% 0% 0% 0% 0% 12% 14%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 23%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 41%
3 Years: 37%
TTM: 46%
Stock Price CAGR
10 Years: 47%
5 Years: 70%
3 Years: 122%
1 Year: 100%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 15%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 5 5 5 5 5 5 5
Reserves 140 177 206 251 274 305 339 379 461 594 678
284 315 353 411 451 504 510 534 590 598 653
98 83 109 132 161 166 145 180 197 274 278
Total Liabilities 526 579 672 798 890 979 999 1,098 1,253 1,471 1,615
124 203 235 256 252 333 341 325 364 401 412
CWIP 12 4 8 4 57 5 1 12 31 37 71
Investments 2 0 0 0 0 0 0 0 0 4 4
387 372 428 538 581 642 657 760 859 1,029 1,129
Total Assets 526 579 672 798 890 979 999 1,098 1,253 1,471 1,615

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
49 83 57 23 73 57 58 43 78 65
-28 -75 -52 -36 -64 -50 -29 -22 -85 -78
-21 -4 -6 13 -8 -8 -28 -23 6 13
Net Cash Flow 1 4 -1 -0 0 -0 1 -2 -1 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 71 51 62 65 58 54 53 55 40 42
Inventory Days 66 67 98 110 93 89 98 115 83 85
Days Payable 31 19 31 43 39 29 21 32 20 21
Cash Conversion Cycle 107 99 129 132 112 114 130 137 103 106
Working Capital Days 102 92 117 131 107 100 110 132 95 94
ROCE % 16% 16% 12% 12% 14% 13% 11% 16% 17%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.32% 61.55% 61.55% 61.55% 61.55% 61.55% 58.73% 58.73% 58.73% 58.73% 56.45% 54.44%
0.00% 0.10% 0.25% 0.03% 0.01% 0.39% 0.63% 0.07% 0.05% 0.11% 1.24% 5.20%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.00% 0.00% 1.18% 1.85%
34.68% 38.35% 38.20% 38.42% 38.43% 38.06% 40.64% 41.17% 41.22% 41.16% 41.12% 38.51%
No. of Shareholders 16,14317,17414,78713,77413,32913,37214,37713,50115,73822,09230,16133,246

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls