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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Goodluck India Ltd

About the Company - Goodluck India Ltd

Goodluck India Ltd. is a Public Limited Listed company incorporated on 06/11/1986 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1986PLC050910 and registration number is 050910. Currently Company is involved in the business activities of Manufacture of tube and tube fittings of basic iron and steel. Company’s Total Operating Revenue is Rs. 2613.21 Cr. and Equity Capital is Rs. 5.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Tubes/Pipes509 Arunachal Building, New Delhi Delhi 110001investor@goodluckindia.com
http://www.goodluckindia.com
Management
NamePosition Held
Mr. M C GargChairman
Mr. Nitin GargWhole Time Director
Mr. R C GargWhole Time Director
Mr. Rajiv GoelInd. Non-Executive Director
Ms. Rajni AbbiInd. Non-Executive Director
Mr. Madhur GuptaInd. Non-Executive Director
Ms. Charu JindalInd. Non-Executive Director

Basic Stock Data of Goodluck India Ltd

Last Updated: June 13, 2024, 5:47 am

Market Cap 2,770 Cr.
Current Price 872
High / Low1,169/390
Stock P/E21.2
Book Value 321
Dividend Yield0.57 %
ROCE18.2 %
ROE16.1 %
Face Value 2.00
PEG Ratio0.95

Goodluck India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales420481571635706701822779706765858886878
Expenses388453532592658648772732658707788814804
Operating Profit32284044475251474858707274
OPM %8%6%7%7%7%7%6%6%7%8%8%8%8%
Other Income1411112452121
Interest12141514141418151715221921
Depreciation7777788889999
Profit before tax15101923273228282836404646
Tax %28%21%27%25%25%24%27%27%34%23%29%24%31%
Net Profit1181417202420201828293532
EPS in Rs4.813.345.536.547.769.347.787.836.7510.2410.4912.7311.20

Last Updated: June 4, 2024, 10:06 pm

Goodluck India Ltd Quarterly Chart

Goodluck India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6779499711,0569801,0931,2701,6571,6361,5722,6133,0723,214
Expenses6388999279988891,0061,1721,5301,5081,4562,4302,8682,967
Operating Profit39504458918799127128117183204248
OPM %6%5%5%5%9%8%8%8%8%7%7%7%8%
Other Income14242727115214641410
Interest19343537394856616055576673
Depreciation57811151820242628293334
Profit before tax28332836482725444540101120151
Tax %28%33%37%24%31%26%41%31%25%25%25%28%
Net Profit202218283320153134307587110
EPS in Rs10.7511.738.8912.5315.098.976.4113.2914.7312.2628.8531.8840.21
Dividend Payout %4%3%3%12%10%0%0%0%0%0%12%14%

Goodluck India Ltd Profit & Loss Yearly Chart

Goodluck India Ltd Growth

Compounded Sales Growth
10 Years:14%
5 Years:16%
3 Years:31%
TTM:15%
Compounded Profit Growth
10 Years:22%
5 Years:33%
3 Years:63%
TTM:50%
Stock Price CAGR
10 Years:41%
5 Years:67%
3 Years:100%
1 Year:107%
Return on Equity
10 Years:14%
5 Years:15%
3 Years:17%
Last Year:16%

Last Updated: June 10, 2024, 3:28 am

Goodluck India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4444445555555
Reserves94115140177206227249280339379461593677
Borrowings235278284310352411451504510534590598654
Other Liabilities47729879108131158165145180197274278
Total Liabilities3804695265706717738629549991,0981,2531,4701,615
Fixed Assets80117124193227256252333341325362401411
CWIP17012484575112313771
Investments0225511100144
Other Assets2833503873684315125526156577608601,0281,129
Total Assets3804695265706717738629549991,0981,2531,4701,615

Goodluck India Ltd Reserves and Borrowings Chart

Goodluck India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -212249825323755858437767
Cash from Investing Activity -38-29-28-75-53-36-66-51-29-22-84-80
Cash from Financing Activity 568-21-3-113-8-8-28-23613
Net Cash Flow-3114-1-00-11-2-10

Goodluck India Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days707152646558545355404236
Inventory Days57666798109938998115838586
Days Payable203118314338292132202119
Cash Conversion Cycle107107101131131112115130137103106103
Working Capital Days1001029411912310894110132959498
ROCE %18%15%16%17%12%12%14%13%11%16%16%

Goodluck India Ltd Financial Efficiency Indicators Chart

Goodluck India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters65.32%61.55%61.55%61.55%61.55%61.55%58.73%58.73%58.73%58.73%56.45%54.44%
FIIs0.00%0.10%0.25%0.03%0.01%0.39%0.63%0.07%0.05%0.11%1.24%5.20%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.00%0.00%1.18%1.85%
Public34.68%38.35%38.20%38.42%38.43%38.06%40.64%41.17%41.22%41.16%41.12%38.51%
No. of Shareholders16,14317,17414,78713,77413,32913,37214,37713,50115,73822,09230,16133,246

Goodluck India Ltd Shareholding Pattern Chart

No. of Goodluck India Ltd Shareholders

This stock is not held by any mutual fund

Goodluck India Ltd ROCE Trend

Goodluck India Ltd EPS Trend

Goodluck India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)46.4133.3129.4813.0114.72
Diluted EPS (Rs.)46.4133.3129.4813.0114.72
Cash EPS (Rs.)21.6844.1739.9823.4826.17
Book Value[Excl.RevalReserv]/Share (Rs.)148.94219.88179.15156.46150.42
Book Value[Incl.RevalReserv]/Share (Rs.)148.94219.88179.15156.46150.42
Revenue From Operations / Share (Rs.)456.141127.071004.83641.51710.16
PBDIT / Share (Rs.)38.2080.4171.8649.9357.14
PBIT / Share (Rs.)33.6368.4560.7238.7145.68
PBT / Share (Rs.)23.6144.4138.6716.4019.53
Net Profit / Share (Rs.)17.1232.2128.8412.2614.72
NP After MI And SOA / Share (Rs.)17.0732.2128.8412.2614.72
PBDIT Margin (%)8.377.137.157.788.04
PBIT Margin (%)7.376.076.046.036.43
PBT Margin (%)5.173.943.842.552.74
Net Profit Margin (%)3.752.852.871.912.07
NP After MI And SOA Margin (%)3.742.852.871.912.07
Return on Networth / Equity (%)11.4614.6516.097.839.78
Return on Capital Employeed (%)20.0524.8825.4217.3023.02
Return On Assets (%)6.495.965.982.733.39
Long Term Debt / Equity (X)0.080.150.250.330.21
Total Debt / Equity (X)0.530.991.161.311.36
Asset Turnover Ratio (%)2.012.262.221.501.65
Current Ratio (X)1.931.421.351.371.20
Quick Ratio (X)1.100.690.670.730.62
Inventory Turnover Ratio (X)4.684.904.923.463.74
Dividend Payout Ratio (NP) (%)0.0012.130.000.000.00
Dividend Payout Ratio (CP) (%)0.008.840.000.000.00
Earning Retention Ratio (%)0.0087.870.000.000.00
Cash Earning Retention Ratio (%)0.0091.160.000.000.00
Interest Coverage Ratio (X)3.813.353.262.242.18
Interest Coverage Ratio (Post Tax) (X)2.712.342.311.551.56
Enterprise Value (Cr.)7159.981746.601243.53653.18517.51
EV / Net Operating Revenue (X)2.030.560.470.410.31
EV / EBITDA (X)24.267.976.655.343.94
MarketCap / Net Operating Revenue (X)1.920.370.270.100.03
Retention Ratios (%)0.0087.860.000.000.00
Price / BV (X)5.871.941.540.420.16
Price / Net Operating Revenue (X)1.920.370.270.100.03
EarningsYield0.010.070.100.180.58

Goodluck India Ltd Profitability Ratios (%)

Goodluck India Ltd Liquidity Ratios

Goodluck India Ltd Liquidity Ratios (%)

Goodluck India Ltd Interest Coverage Ratios (%)

Goodluck India Ltd Valuation Ratios

Fair Value

Fair Value: 1,101.88

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 26.36% compared to the current price 872

Intrinsic Value: 1,346.98

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 54.47% compared to the current price ₹872

Last 5 Year EPS CAGR: 22.24%

*Investments are subject to market risks

Strength and Weakness of Goodluck India Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (276.23 cr) and profit (55.85 cr) over the years.
  1. The stock has a low average ROCE of 13.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 105.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 115.25, which may not be favorable.
  4. The company has higher borrowings (439.31) compared to reserves (302.85), which may suggest financial risk.

FAQ

What is the latest fair value of Goodluck India Ltd?

The latest fair value of Goodluck India Ltd is ₹1101.88.

What is the Market Cap of Goodluck India Ltd?

The Market Cap of Goodluck India Ltd is 2,770 Cr..

What is the current Stock Price of Goodluck India Ltd as on 12 June 2024?

The current stock price of Goodluck India Ltd as on 12 June 2024 is ₹872.

What is the High / Low of Goodluck India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Goodluck India Ltd stocks is 1,169/390.

What is the Stock P/E of Goodluck India Ltd?

The Stock P/E of Goodluck India Ltd is 21.2.

What is the Book Value of Goodluck India Ltd?

The Book Value of Goodluck India Ltd is 321.

What is the Dividend Yield of Goodluck India Ltd?

The Dividend Yield of Goodluck India Ltd is 0.57 %.

What is the ROCE of Goodluck India Ltd?

The ROCE of Goodluck India Ltd is 18.2 %.

What is the ROE of Goodluck India Ltd?

The ROE of Goodluck India Ltd is 16.1 %.

What is the Face Value of Goodluck India Ltd?

The Face Value of Goodluck India Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Goodluck India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE