Goodluck India Ltd. share price target

Goodluck India has a capital efficient business model with controlled leverage on balance sheet. It is set to chart a healthy growth trajectory, driven by increase in value added product segment in its core business, and foray into the high growth defence business, offering a lucrative margins profile. With attractive valuation (~7.5x EV/EBITDA on FY28E) at play, we...

Goodluck has diversified product portfolio catering to growing sectors Auto, Infrastructure, Solar and Defence

GIL has entered the defence and aerospace segment through its wholly owned subsidiary, Goodluck Defence & Aerospace. The company has received the required industrial license under the Arms 52WeekH/L(Rs.) Act, 1959 to manufacture medium-calibre artillery shells ranging from 105mm to 155mm, including advanced 155mm variants such as M107, ERFB, ERFB BB, and ERFB BIT, enabling participation in O/s Shares (Cr.) a regulated and supply-constrained segment. Commercial production of artillery shells commenced Market Cap (Rs, Cr.) in October 2025 at a newly commissioned facility with an initial installed capacity of 150,000 shells per annum. Management has outlined plans to scale this capacity to 400,000 shells per annum with- Face Value (Rs.) in 12 months, supported by a Rs. 400-500 crores capex programme covering shell capacity expansion, ring rolling, presses, and allied aerospace components. At peak utilisation (~90%), the defence Average volume...

Products spanning across engineering structures, forging products, precision pipes, auto tubes, CR coils and pipes

opportunities in key areas like infrastructure, railways and solar power. We believe that shifting Note: * CMP as on Dec. 15, 2017 Despite 6.2% fall in revenue, GIL's EBITDA remained flat on sequential comparison largely due to favourable sales mix with the recovery in the demand for forgings. Though the raw material prices continued to remain firm during the quarter, the Management expects a meaningful recovery only from 4QFY18E onwards. As per the Management, GST-led lower off-take in Jun'17...

Good Luck Steel Tubes Limited - GOODLUCK is a steel processor (converting basic steel to the value added engineering products) catering to the OEM’s, infrastructure, engineering industries and Oil and gas Industries. We expect, GSTL to achieve its revenue/earnings growth at a CAGR of ~17/44% over FY16p-18e respectively led by 1) shifting focus from low margin products to high margin engineering products, 2) expected 3.5/4 time value term growth in auto motive industry over next ten years, 3) India’s GDP to grow more than 7% over next couple years, 4) huge opportunities from Railways, and Solar in engineering structure segment, 5) improving EBITDA margins by ~170bps over FY16p-18e. BOB Capital Markets Ltd initiate coverage on GSTL with a ‘BUY’ rating and a price target of Rs.154 (54% upside).

Trendlyne has 1 report on GOODLUCK updated in the last year from 1 broker with an average target of Rs 154.