ट्रेंडिंग न्यूज़

200 Crore Fund Raised; This News Comes After The Market Closed

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%


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

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.


A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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