Goodluck India, a steel and specialty steel manufacturer, is targeting a turnover of ₹7,000-8,000 crore over the next three to four years. The company is focusing on expanding its high-margin offerings in the defence, aerospace, and auto tube segments, aiming to maintain EBITDA margins of 10-11%.
Currently, Goodluck India’s turnover stands at approximately ₹3,500 crore, with margins in the 9-10% range. According to CEO Ram Aggarwal, around 30% of the company’s revenue will come from exports to key markets, including the US, Europe, and Australia.
Turnover Projections
For the next three to four years, Goodluck India expects its auto tube segment, a key business vertical, to generate ₹2,750 crore in revenue. The forgings segment is projected to contribute ₹800 crore, while the infrastructure segment is expected to bring in ₹700 crore. The lower-margin volume business will account for around ₹3,000 crore in revenue.
“Apart from the volume business, which has lower margins, segments like forgings, defence, and aerospace are expected to grow by 15-20% year-on-year and significantly contribute to our turnover,” said Aggarwal. Goodluck India is a major global supplier of auto tubes and is listed as a vendor for companies like Elon Musk’s Tesla and German automaker Volkswagen.
Recent Investments and Future Plans
The company has recently invested ₹200 crore in a precision auto tube facility in Sikandrabad, Uttar Pradesh. Once operational, the facility is expected to generate ₹250 crore in revenue in FY26 and around ₹500 crore in FY27. Additionally, Goodluck India is planning further capital expenditure of ₹400 crore, which is projected to add ₹1,250 crore to its turnover in the coming years.
