Go Fashion (India) Ltd
Incorporated in 2010, Go Fashion Limited (GFIL) is one of the largest women's bottom-wear brands in India. The company is engaged in the development, design, sourcing, marketing, and retailing of a range of women's bottom-wear products under the brand, 'Go Colors'. The company offers one of the widest portfolios of bottom-wear products among women's apparel retailers in terms of colors and styles. As of May 31, 2021, Go Colors sold bottom-wear in over 50 styles in more than 120 colors.[1]
- Market Cap ₹ 2,105 Cr.
- Current Price ₹ 390
- High / Low ₹ 944 / 373
- Stock P/E 29.6
- Book Value ₹ 137
- Dividend Yield 0.00 %
- ROCE 15.1 %
- ROE 14.3 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Retailing Speciality Retail
Part of BSE Allcap BSE Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 114 | 189 | 285 | 392 | 251 | 401 | 665 | 763 | 848 | 847 | |
| 99 | 153 | 204 | 264 | 203 | 277 | 450 | 517 | 577 | 597 | |
| Operating Profit | 16 | 36 | 81 | 128 | 47 | 124 | 215 | 246 | 271 | 250 |
| OPM % | 14% | 19% | 28% | 33% | 19% | 31% | 32% | 32% | 32% | 30% |
| 1 | 1 | 6 | 5 | 32 | 21 | 12 | 17 | 25 | 24 | |
| Interest | 1 | 2 | 12 | 18 | 22 | 25 | 31 | 42 | 49 | 49 |
| Depreciation | 2 | 4 | 32 | 47 | 60 | 72 | 87 | 110 | 124 | 131 |
| Profit before tax | 13 | 31 | 42 | 68 | -3 | 48 | 109 | 110 | 123 | 94 |
| Tax % | 40% | 34% | 27% | 23% | 13% | 26% | 24% | 25% | 24% | |
| 8 | 21 | 31 | 53 | -4 | 36 | 83 | 83 | 94 | 71 | |
| EPS in Rs | 8.03 | 20.59 | 10.31 | 17.54 | -1.18 | 6.59 | 15.33 | 15.33 | 17.31 | 13.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 28% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 39% |
| TTM: | -18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -28% |
| 1 Year: | -57% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 15% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 30 | 30 | 30 | 54 | 54 | 54 | 54 | 54 |
| Reserves | 41 | 138 | 149 | 207 | 204 | 384 | 466 | 550 | 643 | 687 |
| 32 | 52 | 203 | 259 | 281 | 250 | 340 | 469 | 507 | 535 | |
| 12 | 15 | 23 | 25 | 36 | 68 | 71 | 75 | 83 | 92 | |
| Total Liabilities | 95 | 215 | 405 | 521 | 551 | 756 | 931 | 1,148 | 1,288 | 1,368 |
| 19 | 26 | 186 | 256 | 260 | 291 | 394 | 527 | 560 | 586 | |
| CWIP | 1 | 2 | 2 | 8 | 9 | 9 | 7 | 11 | 11 | 15 |
| Investments | 7 | 81 | 23 | 9 | 46 | 46 | 22 | 6 | 10 | 4 |
| 68 | 106 | 194 | 248 | 237 | 410 | 508 | 604 | 707 | 763 | |
| Total Assets | 95 | 215 | 405 | 521 | 551 | 756 | 931 | 1,148 | 1,288 | 1,368 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 6 | -4 | 33 | 57 | 90 | 33 | 104 | 219 | 199 | |
| -15 | -11 | -5 | -18 | -47 | -58 | -28 | -129 | -76 | |
| -0 | 99 | -31 | -44 | -37 | 64 | -84 | -108 | -123 | |
| Net Cash Flow | -10 | 84 | -3 | -5 | 5 | 39 | -8 | -18 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 76 | 56 | 51 | 52 | 69 | 55 | 40 | 38 | 46 |
| Inventory Days | 191 | 257 | 272 | 302 | 333 | 459 | 386 | 317 | 336 |
| Days Payable | 41 | 47 | 53 | 29 | 42 | 48 | 60 | 53 | 43 |
| Cash Conversion Cycle | 226 | 266 | 269 | 325 | 359 | 466 | 366 | 302 | 338 |
| Working Capital Days | 123 | 129 | 125 | 127 | 168 | 123 | 121 | 101 | 101 |
| ROCE % | 23% | 19% | 20% | 4% | 12% | 18% | 16% | 15% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 3h
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Announcement under Regulation 30 (LODR)-Public Announcement-Buyback of Shares
1d - Buyback up to 1,413,000 shares at ₹460 (₹64.99 crore); Record Date Feb 9; Tender Feb 13–19, 2026.
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Board Resolution - Buyback
31 Jan - Board approves buyback of 1,413,000 shares at ₹460, totaling ₹64,99,80,000; record date Feb 09, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Jan
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Jan - Audio recording of Q3 & FY 2025-26 earnings call available; held Jan 29, 2026 17:00 IST.
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022TranscriptPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022Transcript PPT
India’s Leading Women Apparel brand[1][2]
GFIL is the first and largest company to launch a brand exclusively dedicated to women’s bottom-wear category, with a 8% market share in the branded women’s bottom-wear market as of 9MFY25