Goodluck India Ltd
NSE:GOODLUCK
Goodluck India Ltd
Goodluck India Ltd. engages in the manufacture and sale of steel products. The company is headquartered in Ghaziabad, Uttar Pradesh. The Company’s products include heavy engineered structure, transmission and distribution tower, CDW tubes, precision tubes, square and rectangle pipes, galvanized pipes, CR coils & sheets, fabricated sheets, and forged engineering products at its manufacturing facilities located at Sikandrabad, Industrial Area, and Dadri in Uttar Pradesh and Kutch in Gujarat. The firm also specialize in providing transmission and telecom towers. Its application cycle industry, cycle frame, forks, hub tubes, chain automotive, industrial and cycle chains, automotive industry, oil industry, furniture industry, construction industry, machinery manufacture, railway coaches, electrical industry transformers, fan down rods conduits, and others.
Goodluck India Ltd. engages in the manufacture and sale of steel products. The company is headquartered in Ghaziabad, Uttar Pradesh. The Company’s products include heavy engineered structure, transmission and distribution tower, CDW tubes, precision tubes, square and rectangle pipes, galvanized pipes, CR coils & sheets, fabricated sheets, and forged engineering products at its manufacturing facilities located at Sikandrabad, Industrial Area, and Dadri in Uttar Pradesh and Kutch in Gujarat. The firm also specialize in providing transmission and telecom towers. Its application cycle industry, cycle frame, forks, hub tubes, chain automotive, industrial and cycle chains, automotive industry, oil industry, furniture industry, construction industry, machinery manufacture, railway coaches, electrical industry transformers, fan down rods conduits, and others.
Revenue Growth: Goodluck India reported Q3 FY26 sales of INR 1,031.58 crores, up 10% year-on-year, with sales volumes increasing by 8%.
Margin Expansion: EBITDA margin improved to 9.7% of sales in Q3, with EBITDA reaching INR 99.72 crores, and PAT rising 8.4% YoY.
Guidance Maintained: Management reiterated FY26 revenue growth guidance of 15–20%, expecting even better growth in FY27 as steel prices recover.
Defense & Aerospace Ramp-Up: Production started at the Defense & Aerospace unit; expected to meaningfully contribute to revenue and margins from Q4 FY26 and Q1 FY27 onward, with order visibility for up to two years.
High-Margin Focus: Value-added products now make up 56–60% of sales, targeted to rise to 60–65% next year; defense and aerospace margins expected at 30% or higher.
Significant CapEx: Ongoing INR 400 crore capex to expand artillery shell capacity from 150,000 to 400,000 per year; funded 60% by equity, 40% by debt.
Solar Segment Growth: Solar tracker tube sales rose to INR 400 crores this year, with next year targeted at INR 600–650 crores.
Capacity Utilization: Overall utilization strong at 92%; hydraulic tubes at 40–45% now, expected to rise to 60–65% in coming quarters.
