Goodluck India Ltd (NSE: GOODLUCK): Goodluck India, a small-cap company operating in the steel and iron segment has raised over Rs 200 crore investment from its investors.
The company released this information within minutes of the closure of the marketplace on Wednesday.
The company said its QIP committee has voted in favor of the closing of the QIP issue on the 17th of January.
The QIP was launched in January 2012 and, on November 15, last year the Board approved the raising of around 200 crores through QIP.
After the influx in funds, it was confirmed that it would close the issue.
What Data Has The Business Provided?
The company has stated in its announcement to stock exchanges that the QIP Committee during its meeting on January 17th, decided to end the QIP issue following the receipt of applications following the conditions and terms that apply to the QIP issue, and depositing the funds in an escrow account for qualified buyers from institutions. It has been confirmed.
Additionally, the committee has approved to allocation of 21,27,659 shares with an issue price of 940 rupees.
In addition, the committee has also endorsed sending letters on allotment to investors. Additionally, refunds are also granted to bidders who have not been allocated shares.
How Did The Stock Get To?
On Wednesday, the QIP’s share price was at the 1091 mark, with an increase of around one percent.
Even with the decline the stock is now 16 percent over the price at which QIP was issued.
The price of the stock climbed QIP’s stock after news of QIP and the price has increased by over 10 percent since the 11th of January.
The company is a member of the BSE Smallcap Index and the total market capitalization that the business has is 3094 crore.
About Goodluck India Ltd
Goodluck India Ltd is an engineering conglomerate in the manufacturing and selling of engineering items.
Products comprise pipes, sheets engineering structures, made structures, forgings automotive tubes, and forgings.
It produces and sells products made of steel and iron as well as heavy engineered structures as well as distribution and transmission towers.
It is located in India as well as Outside India. Most of the income comes from India.
Fundamental Analysis of Goodluck India Ltd
| Market Cap | ₹ 3,067 Cr. |
| Current Price | ₹ 1,089 |
| 52-wk High | ₹ 1,168.75 |
| 52-wk Low | ₹ 367 |
| Stock P/E | 26.85 |
| Book Value | ₹ 250 |
| Dividend | 0.42 % |
| ROCE | 16.5 % |
| ROE | 16.3 % |
| Face Value | ₹ 2.00 |
| P/B Value | 4.32 |
| OPM | 7.71 % |
| EPS | ₹ 40.2 |
| Debt | ₹ 654 Cr. |
| Debt to Equity | 0.96 |
Goodluck India Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹1100 | ₹1215 |
| 2025 | ₹1260 | ₹1300 |
| 2026 | ₹1380 | ₹1422 |
| 2027 | ₹1500 | ₹1620 |
| 2028 | ₹1700 | ₹1780 |
| 2029 | ₹1800 | ₹1870 |
| 2030 | ₹1900 | ₹2000 |
Goodluck India Ltd Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 58.73% |
| June 2023 | 58.73% |
| Sept 2023 | 58.73% |
| Nov 2023 | 56.45% |
| Jan 2024 | 54.44% |
| FII Holding | |
| Mar 2023 | 0.07% |
| June 2023 | 0.05% |
| Sept 2023 | 0.11% |
| Nov 2023 | 1.34% |
| Jan 2024 | 6.67% |
| DII Holding | |
| Mar 2023 | 0.04% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Nov 2023 | 1.19% |
| Jan 2024 | 2.16% |
| Public Holding | |
| Mar 2023 | 41.17% |
| June 2023 | 41.22% |
| Sept 2023 | 41.16% |
| Nov 2023 | 41.01% |
| Jan 2024 | 36.71% |
Goodluck India Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 1,657 Cr |
| 2020 | ₹ 1,636 Cr |
| 2021 | ₹ 1,572 Cr |
| 2022 | ₹ 2,613 Cr |
| 2023 | ₹ 3,214 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 31 Cr |
| 2020 | ₹ 34 Cr |
| 2021 | ₹ 30 Cr |
| 2022 | ₹ 75 Cr |
| 2023 | ₹ 110 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.51 |
| 2020 | 1.36 |
| 2021 | 1.31 |
| 2022 | 1.16 |
| 2023 | 1 |
Last 10 Years’ Profit Growth:
| 10 Years: | 15% |
| 5 Years: | 43% |
| 3 Years: | 37% |
| Current Year: | 29% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 13% |
| 5 Years: | 14% |
| 3 Years: | 15% |
| Last Year: | 16% |
Sales Growth Over 10 Years:
| 10 Years: | 12% |
| 5 Years: | 19% |
| 3 Years: | 23% |
| Current Year: | 7% |
Conclusion
This article is a complete guide about Goodluck India Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Also Read: 400% Return Share Is Now Ready For Stock Split; 19th January Board Meeting
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