Goodluck India Limited (GOODLUCK.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-83.0%

₹87.52

vs ₹513.70 price

Levered DCF

-₹365.23

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.49

Safe zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	17.59×	14.57×	20.51×	12.77×	9.43×	5.11×	1.72×	4.86×
P/B	2.13×	1.83×	2.35×	1.81×	1.52×	0.4×	0.17×	0.49×
P/S	0.78×	0.61×	0.78×	0.37×	0.27×	0.1×	0.04×	0.09×
EV / EBITDA	10.15×	10.41×	10.53×	7.84×	6.95×	5.65×	4.46×	5.29×
Gross margin	24.0%	27.4%	23.9%	12.2%	13.7%	10.8%	24.4%	19.3%
Operating margin	8.1%	22.9%	6.6%	4.9%	4.6%	4.3%	6.5%	5.9%
Net margin	4.4%	4.2%	3.8%	2.9%	2.9%	1.9%	2.1%	1.9%
Current ratio	1.38×	1.51×	1.93×	1.42×	1.35×	1.37×	1.2×	1.24×
Debt / equity	0.75×	0.67×	0.53×	0.96×	1.27×	1.39×	1.47×	1.63×
Interest coverage	3.13×	11.2×	2.97×	2.27×	2.09×	1.23×	1.74×	1.58×
Dividend yield	0.7%	0.4%	0.8%	0.5%	0.5%	0.0%	0.0%	0.0%
Payout ratio	12.5%	5.8%	16.5%	5.9%	5.1%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.1%	12.6%	11.5%	14.2%	16.1%	7.8%	9.8%	10.2%
Return on invested capital	9.1%	29.6%	9.2%	8.6%	8.1%	5.2%	8.8%	7.9%
Return on assets	5.9%	6.5%	6.5%	6.0%	6.0%	2.7%	3.4%	3.2%
Free cash flow yield	-7.5%	-13.9%	-9.0%	-1.2%	-1.1%	13.0%	47.1%	2.2%
Earnings yield	5.7%	6.9%	4.9%	7.8%	10.6%	19.6%	58.3%	20.6%
Enterprise value	₹42.5B	₹32.4B	₹31.1B	₹17.2B	₹13B	₹6.9B	₹5.7B	₹6.5B
Net debt / EBITDA	2.56×	2.69×	1.36×	2.72×	3.16×	4.38×	4×	4.06×
Cash conversion cycle (days)	124	112	102	96	93	131	131	115