This step comes when society tries to diversify its income base in the middle of the global trade uncertainty driven by the tariff war of US President Donald Trump. The US has deposited 50% of tariffs on Indian exports, making companies plan its capital expenses.
Investments in Goodluck Defense and LTD Aerospace, which are to be financed through a combination of debt and equity, emphasize the intention of Ghaziabad based in the defensive sector with stable domestic demand.
RAM Aggarwal, CEO, GoodLuck India Ltd, said that the expansion in the defensive unity would increase the annual production capacity from 150,000 artillery shells to 400,000 in the following year. A unit that came in investment £275 crore, is currently under trial operation and is expected to generate revenue £300 crore by March 2027.
Almost contributed to the export of automatic component £1,000 crore, ie 25%, from Goodluck India’s £4,000 revenue from crore last financial year.
Goodluck India’s shares settled about 2% lower on £1 262,15 per piece on BSE on Tuesday.
The defense is currently contributing to 2% of the company’s total income, Bob Capital Markets Ltd said in the report, adding that its aim is to achieve defense income £250–300 crore in the next 2 years. Intecome, taxes, depreciation and amortization or EBITDA margins are around 20%in the defense segment, which is double income from their current special steel and utilities, which have a range of approximately 8-10%.
In 2024, the company integrated its entirely owned subsidiary Goodluck Defense and Aerospace LTD to strengthen the presence in the defensive sector.
Indie’s Artillery Shell Production has seen the input of conglomerates such as Adanis (Adani Defense and Aerospace), Larsen and Toubro and Bharat Forge, powered primarily by self -confidence and preferences for home players to satisfy the growing demand for advanced ammunition.
“Although we have started to receive significant questions about artillery shells, the planned expansion also places us well in the industries less sensitive to the external fluctuations of trade,” said Aggarwal Mint. However, he refused to share the names of his clients for confidentiality agreements.
Aggarwal said that the expansion to “new verticals with high margins” is expected to contribute about 10% of the group’s income in the next four years, or £800 crore. Interest and taxes (EBIT) are expected to improve from the current 8-10% to “more than 10%” in this four-year period.
According to the September 17 report by Bob Capital Markets, Goodluck India was specialized in steel and accurate equipment for Hindustan Aeronautics LTD, Defense Research and Development, Indian Space Research, Bharat Earth Movers Limited, Mazagon Dock Shipsbuilders LTD, Walchandnagar Brahmos aerospace, L&T Tansases. The company was a supplier of various defensive programs that include Pralay and Brahmos.
Last month, Goodluck India signed a tripartite agreement with Brahmos Aerospace Thiruvananthapuram LTD (BATL) and Axiscades Technologies LTD to work on Advanced Medium Combat Aircraft (AMCA). Since then, the consortium has given an expression of interest (EOI) at the Aeronautical Development Agency (ADA), Bengaluru.
Goodluck India has expanded its total capacity from 364,000 tonnes in FY23 to 500,000 tonnes in FY25 using 89%, said Bob Capital Markets.
“Investing in a hydraulic tube race located in Sikandrabad, ie importing substitution product and an increased commitment to defense will bring gradual benefits in the next 2-3 years,” says Bob Capital Markets.
Crisil re -confirmed the evaluation of the company “A+/POSITIVE/A1” £854.75 Bank debt CRORE, working capital administration and bank limit use as key monitors.
“The gross current assets (GCAS) were on March 31, 2025 135 days, powered by 47 days and 63 days. GCA is expected after 130-140 days for the future,” he said.
Aggarwal said the company was in the “investment regime” and expects to improve debt and cash flow, as revenues with high margins increase.
(Tagstotranslate) GoodLuck India Ltd (T) Expand artillery production of shell
