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31 Jul 2023
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Goodluck
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Prabhudas Lilladhar
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1103.50
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506.40
(117.91%)
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Not Rated
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15 Dec 2017
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Goodluck
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Reliance Securities
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1103.50
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104.00
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81.10
(1260.67%)
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Target met |
Buy
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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...
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27 Jun 2016
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Goodluck
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BOB Capital Markets Ltd.
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1103.50
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154.00
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102.80
(973.44%)
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Buy
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Good luck Steels Ltd Initiating Coverage with BUY
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.
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