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Goodluck India Limited (GOODLUCK) Fair Value & Analysis

Basic Materials · IN · Market cap ₹49.5B

GI Goodluck India Limited GOODLUCK · NSE
Price₹1,325
Fair Value₹924.27
Upside-30.2%
Quality36/100
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Expensive Growth
Thin margins · 4.4% net margin
Low debt · negative free cash flow
0.41% dividend yield
Trails peers (4/13)
Narrow moat 43/100
Evidence: High Range ₹693.21 – ₹1,155 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 3 days ago

Share price −15.8% over the past month.

Below-average quality, and screening another 30% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹1,155). The favourable scenario is already priced in.
  • Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

₹1,629 ₹81.03 Fair Value ₹924.27 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹81.03 – ₹1,629 · fair‑value band ₹693.21 – ₹1,155 · the ₹1,325 price screens above the ₹924.27 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Goodluck India Limited (GOODLUCK) currently trades at ₹1,325, while our model-based Fair Value estimate is ₹924.27, implying the stock looks roughly 30.2% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Goodluck India Limited generated revenue of ₹41.0B at a net margin of 4.4%. Revenue declined 1.5% year over year. It earns a return on equity of 12.7%. Net debt stands at ₹10.7B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹693.21 (bear case) to ₹1,155 (bull case); at ₹1,325, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at -30%, GOODLUCK screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹415.98 ₹501.66 ₹1,150 76
ROIC Compounder ₹830.66 ₹1,182 ₹1,667 72
Gordon GGM ₹62.42 ₹129.79 ₹205.90 70
All 16 models by family
Earnings-Based
Graham-Dodd ₹369.71 ₹1,952 ₹2,702 54
Lynch FV ₹537.00 ₹767.15 ₹997.29 50
PEG = 1.0 ₹537.00 ₹767.15 ₹997.29 46
EPV ₹715.88 ₹843.95 ₹956.00 59
Dividend Discount
Gordon GGM ₹62.42 ₹129.79 ₹205.90 70
DDM Multi-Stage ₹62.42 ₹109.44 ₹136.22 61
Multiples
P/E Multiple ₹693.21 ₹924.27 ₹1,155 63
P/S Multiple ₹693.21 ₹924.27 ₹1,155 58
P/B Multiple ₹693.21 ₹924.27 ₹1,155 55
EV/EBIT ₹993.82 ₹1,343 ₹1,691 53
EV/EBITDA ₹846.11 ₹1,146 ₹1,445 54
EV/Revenue ₹854.31 ₹1,243 ₹1,632 43
Asset-Based
NCAV (Graham) ₹224.28 ₹300.54 ₹448.56 50
Economic Profit
Residual Income ₹415.98 ₹501.66 ₹1,150 76
ROIC Compounder ₹830.66 ₹1,182 ₹1,667 72
Growth Earnings
Growth-Adj P/E ₹718.47 ₹1,026 ₹1,334 68

Widest divergence: Growth Earnings (₹1,026) versus Dividend Discount (₹109.44). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹41.0B
Revenue growth (YoY) -1.5%
Net margin 4.4%
Return on equity 12.7%
Free cash flow −₹2.4B FY2026
P/E ratio 23.6
More key figures
Operating margin 9.3%
EPS (TTM) ₹56.04
Dividend yield 0.4%
EPS growth (YoY) +37.8%
Net debt ₹10.7B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 37 · Market factors (momentum, volatility) 67

Profitability 56
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 21
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 49
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Goodluck India Limited manufactures and supplies precision engineering and steel products in India. The company provides electric resistance welded and cold drawn welded tubes, custom forgings, power and telecom towers, solar structures, ERW hot dip galvanized pipes, black pipes, black and GI hollow sections, cold formed profile, road safety products, …

Full company description

Goodluck India Limited manufactures and supplies precision engineering and steel products in India. The company provides electric resistance welded and cold drawn welded tubes, custom forgings, power and telecom towers, solar structures, ERW hot dip galvanized pipes, black pipes, black and GI hollow sections, cold formed profile, road safety products, galvanized plain, corrugated sheets, CR coils, CRCA sheets and pipes, forgings and flanges, telecom and transmission line towers, substation structure, road and railways bridge, and road safety equipment. It offers two-wheeler frame, hydraulic cylinder, boiler, crash bumper, engine mounting, and exhaust tubes; CBQ pressure outers; TFF-front fork; drive shaft; rear axles; sections; control arms; fuel lines; furniture; section pipes; and cycle frame, forks, and hub tubes. In addition, the company provides stub-ends/collors, spectacle blind, valve/SRN nozzle, and tube sheet for oil and gas applications; forged body, block, bars, and shape forging; valve forging, ICV, MSV valve, nonstandard, and strainers; and flush ring, nut NPT, nipple, taper union, nut, assembly, and hygiene flange. Further, it offers overhead electrification and substation structure; and fabricated structures for railway and road bridges, roads and expressways, building structures, launching girder, boiler structure, and defense fabrication. The company serves clients from public and private sector OEMs, and central and state government entities. It also exports its products to the United Kingdom, the United States, South Africa, the United Arab Emirates, Germany, and France. The company was formerly known as Good Luck Steel Tubes Limited and changed its name to Goodluck India Limited in June 2016. Goodluck India Limited was incorporated in 1986 and is headquartered in Ghaziabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Goodluck India Limited reported revenue of ₹41.0B in FY2026 versus ₹25.8B in FY2022, a compound +12.3%/yr. Reported net income was ₹1.8B in FY2026, compounding +24.6%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹41.0B
Latest YoY
+4.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.5%
Avg. growth/yr (17Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.4%
Revenue +12.3%/yr
FY22 ₹25.8B
FY23 ₹30.5B
FY24 ₹34.8B
FY25 ₹39.4B
FY26 ₹41.0B
Net income +24.6%/yr
FY22 ₹750M
FY23 ₹878M
FY24 ₹1.3B
FY25 ₹1.6B
FY26 ₹1.8B
Character of growth · EPS growth decomposed (2015-2026) +16.7 % p.a.
Revenue per share +11.0 pp

of which total revenue +15.6 pp · buybacks/dilution −4.5 pp

EBIT margin +15.3 pp
Tax rate +0.0 pp
Residual (interest, one-offs) −9.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

GOODLUCK screens 30% overvalued. Compare with JSW Steel Limited →

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Cite: Fair Value Calculator (2026). "Goodluck India Limited Fair Value". https://www.fairvalue-calculator.com/stock/GOODLUCK

Peer Group

Steel · 380 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 36 · Bottom 25%
Fair Value upside −30% · Below median
Return on equity (TTM) 13% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth -2% · Below median
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 23.6× · Pricier than median
P/B 3.32× · Pricier than 75% of peers
P/S (TTM) 1.21× · Pricier than median
EV/EBITDA 12.3× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 16
FUTURE 0 · sector 4
PAST 51 · sector 16
HEALTH 93 · sector 95
DIVIDEND 8 · sector 55

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
JSW Steel Limited JSWSTEEL ₹1,269 ₹1,140 -10%
Tata Steel Limited TATASTEEL ₹186.20 ₹145.39 -22%
China Steel Corporation 2002A 37.25 TWD 8.74 TWD -77%
POSCO Holdings 005490 325,000 KRW 155,270 KRW -52%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,838 ARS +16%
Jindal Steel Limited JINDALSTEL ₹1,112 ₹516.27 -54%
Lloyds Metals and Energy Limited LLOYDSME ₹1,894 ₹771.10 -59%
Gerdau S.A GGBN 83.50 MXN 39.22 MXN -53%
Ternium S.A TXR 17,780 ARS 27,472 ARS +55%
NMDC Limited NMDC ₹85.00 ₹112.98 +33%

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Frequently asked questions

Is Goodluck India Limited (GOODLUCK) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹924.27 versus a price of ₹1,325, about −30% (overvalued).
What is the fair value of GOODLUCK?
Our model-based fair value for Goodluck India Limited is ₹924.27 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,325.
What is the quality score of GOODLUCK?
Goodluck India Limited has a Quality Score of 36/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Goodluck India Limited (GOODLUCK)?
Goodluck India Limited reported trailing-twelve-month revenue of about ₹41.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GOODLUCK?
The net profit margin of Goodluck India Limited is about 4.4%, meaning it keeps roughly 4.4% of revenue as net income. Based on the latest reported figures.
Does Goodluck India Limited pay a dividend?
Goodluck India Limited currently shows a dividend yield of about 0.41% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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