Overview of Goodluck Unlisted Shares:
In 1986, Goodluck India was founded, and just last year, on August 31, 2023, they expanded their operations by creating a subsidiary called Goodluck Defence and Aerospace Pvt. This move was aimed at tapping into the growing market for machine products in the defense and aerospace sectors. Goodluck India's main focus has been on manufacturing and exporting ERW Hot Dip Galvanized Pipes, Black Pipes, Black & GI hollow sections, CR coils, CRCA, Galvanized and plain Corrugated Sheets.
Goodluck Defence and Aerospace Pvt unlisted shares, on the other hand, is specifically geared towards the forging, machining, treatment, and coating of various metals, including steel, stainless steel, special steel, and alloys. They utilize different forging techniques such as open forging, die forging, and even robotic forging.
The operations of Goodluck Defence and Aerospace Pvt’s unlisted shares are in line with the "Make in India" initiative for Defence Manufacturing, emphasizing local production and self-sufficiency in defense supplies.
As part of its expansion plans, the company is gearing up to establish a cutting-edge manufacturing facility dedicated to producing 155 mm HE and HE BB Shell Bodies, crucial components for grenade launchers. This venture will require a capital expenditure of Rs 250 Cr. The facility is expected to have a production capacity of around 11000 MT per annum and is scheduled to be operational by January 2026.
(Source: Annual report)
Products and Services by Goodluck India (Parent Company):
Goodluck India Ltd has a strong global presence, exporting its products to over 100 countries. With an impressive annual production capacity of 1.94 lakh MT, the company serves a wide range of clients, totaling more than 600 prestigious organizations. Noteworthy among these clients are industry leaders like L&T, Audi, Mahindra, Saint-Gobain, Allied Group, Tata Projects, Ashok Leyland, NTPC, Reliance Industries, and Siemens. These clients come from diverse sectors such as Automobiles, Infrastructure, Oil and Gas, Aerospace, Defense, and Renewables, showcasing the company's ability to meet the unique requirements of various industries.
Financial Background and Growth of Goodluck India(Parent Company).
Increase in revenue growth of Goodluck India(Parent Company):
In the fiscal year 2022-23, Goodluck India had an impressive financial year across various fronts. Their revenue reached Rs 3047.98 Cr, showing a solid 18.2% year-on-year growth. Over the past four years, they have maintained a steady growth trajectory with a Compound Annual Growth Rate (CAGR) of 16.38%. Their Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood strong at Rs 219.15 crore, marking a 17.3% year-on-year increase. They have also witnessed a notable surge in sales volume, hitting 316718 MT, which represents a robust 19.7% year-on-year growth. The Profit After Tax (PAT) rose to Rs 87.8 Cr, showing a healthy 14.56% year-on-year growth. Furthermore, we've managed our finances prudently, maintaining a debt-equity ratio of 0.95%. These financial results reflect Goodluck India’s commitment to sustained growth and operational excellence in the fiscal year 2022-23.
GoodLuck Defence and Aerospace’s Corporate Actions:
In the fiscal year 2022-23, Goodluck India, the parent company, decided to inject Rs 40 Cr into the company via preferential allotment, issuing 4 Cr equity shares valued at Rs 10 each. This transaction is currently pending.
Moving into the fiscal year 2023-24, on December 19th, 2023, the company successfully raised Rs. 136.50 Cr through preferential allotment by issuing 91 lakh equity shares at Rs 150 each, inclusive of a face value of Rs 10 and a premium of Rs 140 per share.
As a result of this funding, Goodluck India now holds an 81.47% stake in Goodluck Defence and Aerospace Pvt, which previously held a 100% stake in Goodluck India.
Good Luck Defence and Aerospace Unlisted Share Price:
The current Good Luck Defence and Aerospace Unlisted share price as of 2 April 2024 is at Rs ₹ 268 per share.
Good Luck Defence and Aerospace India Unlisted Share Price in Depth
Face Value of Good Luck Defence and Aerospace unlisted share: ₹ 10
Price per share as of 16 March: ₹ 268
You can check the Current Good Luck Defence and Aerospace Unlisted Share Price at Precize.in
Price history of Good Luck Defence and Aerospace’s Unlisted Shares:
Projections of new facility project by GoodLuck, Defence, and Aerospace Unlisted share:
PBT, EBITDA, and PAT is projected to rise for all four years.
In conclusion, the expansion of Goodluck Defence and Aerospace Pvt. signifies a strategic move to capitalize on opportunities in the defense and aerospace sectors, aligning with the "Make in India" initiative. With a focus on forging, machining, treatment, and coating of metals, the subsidiary aims to bolster local production and self-sufficiency in defense supplies. Additionally, the establishment of a state-of-the-art manufacturing facility underscores their commitment to innovation and growth. Financially, Goodluck India's impressive performance reflects its resilience and steady growth trajectory, supported by prudent financial management and strategic corporate actions. Looking ahead, the projected rise in key financial metrics for Goodluck Defence and Aerospace Pvt.'s new facility project augurs well for the company's future prospects. It underscores its potential for sustained success in the coming years.
*Disclaimer: This information is for private use only and does not constitute investment advice. Recipients must assess risks and seek advice from financial, legal, and tax professionals. Private market investments carry risks, and there are no guarantees of returns or capital protection. We are not liable for investment decisions.
