Synopsis: Goodluck India’s subsidiary has secured a USD 6 million (Rs. 53 crore) export order for 155mm M107 artillery shells, boosting its defence manufacturing credentials. The small-cap stock remains in focus amid steady returns and rising sector demand.
This company is an engineering conglomerate engaged in the business of manufacturing and selling engineering products such as sheets, pipes, engineering structures, fabricated structures, forgings, and automobile tubes is now in the focus after it secured an defence order worth USD 6 million.
With market capitalization of Rs. 3,912 cr, the shares of Goodluck India Ltd are currently trading at Rs. 1,177 per share, making today’s high of Rs. 1,189.40, from its previous close of Rs. 1,182.90 per share.
The stock has generated a 22% return over the past year and 24% over the last six months, though it recorded a 4% decline in the past month.
About the order
Goodluck India Limited has informed the stock exchanges that its subsidiary, Goodluck Defence and Aerospace Limited, has secured a significant export order worth USD 6 million (approximately Rs. 53 crore) for supplying 155mm M107 ready-to-fill artillery shells. The order, disclosed under SEBI Regulation 30, highlights the company’s growing presence in the defence manufacturing and export segment.
Business highlights
The company has secured an industrial license to manufacture medium-caliber artillery shells, including 105mm to 155mm variants such as HE M107 and ERFB series, positioning it as a key defence manufacturer.
The company inaugurated its dedicated facility in October 2025, beginning commercial production with a capacity of 1.5 lakh shells annually, planned to scale to 4 lakh within a year through a Rs. 500 crore investment. It is also in active discussions with domestic and international buyers, reflecting strong demand and new growth opportunities.
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About the company
Goodluck India Ltd is a diversified engineering and manufacturing company engaged in producing high-quality steel products, including precision tubes, forgings, structures, coils, and specialized engineered components. Serving sectors such as automotive, aerospace, infrastructure, and defense, the company has built a strong global presence.
The company maintains healthy profitability with a ROCE of 15.1% and ROE of 13.6%, supported by a manageable debt-to-equity ratio of 0.72. It has also delivered strong performance, achieving a 5-year profit CAGR of 37.4%.
The company posted marginal 1.5% YoY revenue growth to Rs. 991 crore in Q2 FY26, while EBITDA rose around 29.3% to Rs. 91.8 crore, reflecting better operating performance. Net profit, however, declined about 8.4% YoY to Rs. 42.6 crore, and EPS fell around 9.7% to Rs. 12.75.
Written by Manideep Appana
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