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Goodluck India
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Goodluck India Limited(Formerly known as Goodluck Steel Tubes Limited) was incorporated in Nov.'86 as a Private Limited Company and was converted into a Public Limited Company in 1994. The Company was promoted by M C Garg, K C Garg, Anil Kumar and K C Agarwal.
The Company has evolved into one of India's leading manufacturers and exporters of an assorted array of engineered steel products, under the aegis of mentor Mr. Mahesh Chandra Garg. At present, the Company is engaged in manufacture and sale of engineering product i.e. heavy engineered structure, transmission and distribution tower, CDW Tubes, Precision Tubes, Pipes, Sheets and forged engineering products at its manufacturing plant located at Sikandrabad, in Uttar Pradesh and Kutch in Gujarat.
The Company commissioned its first plant in 1987. In 1993, it commenced the production of mining granite at Berhampur Plant in Orissa. In Apr.'95, the Company came out with a public issue to part-finance the expansion project to expand the existing capacity of 32,000 tpa to 50,000 tpa.
During the year 1999-2000, the company set-up cold rolling strip plant at its factory premises which became operational. Later on in 2006, it commissioned First Forging plant. In 2007, it commissioned First plant for ERW/ CDW Precision Tubes. In November, 2014, the Company inaugurated 30,000 MTPA manufacturing plant at Sikandrabad in Uttar Pradesh. In 2015, it expanded the Engineering structured products to high growth sectors like Solar and Railways. It commissioned Kutch Plant for ERW Precision Tubes in 2018. In 2022, it added new machinery for increasing the capacity of Forging single piece to 14,000 Kgs and total capacity per annum to 30,000 MT.
Goodluck India share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Goodluck India indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Goodluck India is valued compared to its competitors.
Goodluck India PE ratio helps investors understand what is the market value of each stock compared to Goodluck India 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Goodluck India evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Goodluck India generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Goodluck India in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Goodluck India shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Goodluck India compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Goodluck India over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Goodluck India helps investors get an insight into when they can enter or exit the stock. Key components of Goodluck India Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Goodluck India shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Goodluck India ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Goodluck India provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Goodluck India highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Goodluck India .
The balance sheet presents a snapshot of Goodluck India ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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