Go Fashion (India) Ltd

Go Fashion (India) Ltd

₹ 1,131 0.39%
04 Mar 4:01 p.m.
About

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]

Key Points

India’s Leading Women Apparel brand[1]
GFIL is the first and largest company to launch a brand exclusively dedicated to women’s bottom-wear category, with a market share of ~8% in the branded women’s bottom-wear market in FY23.

  • Market Cap 6,102 Cr.
  • Current Price 1,131
  • High / Low 1,405 / 920
  • Stock P/E 72.2
  • Book Value 105
  • Dividend Yield 0.00 %
  • ROCE 17.7 %
  • ROE 16.8 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 54.3 to 39.6 days.

Cons

  • Stock is trading at 10.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.7% over last 3 years.

* 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

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
97 90 31 112 142 116 165 164 176 158 190 189 202
67 65 37 77 90 77 112 115 116 108 126 132 135
Operating Profit 30 25 -6 35 52 39 53 50 60 50 64 57 68
OPM % 31% 28% -19% 31% 37% 34% 32% 30% 34% 32% 34% 30% 33%
7 6 9 5 3 3 4 3 3 3 4 4 4
Interest 5 5 6 5 5 7 6 7 7 8 8 9 10
Depreciation 15 16 16 17 17 21 19 21 23 25 25 26 29
Profit before tax 17 9 -18 18 33 15 32 25 33 19 35 26 32
Tax % -5% 24% -3% -3% 28% 19% 23% 22% 26% 23% 24% 22% 28%
18 7 -19 19 24 12 24 19 24 15 26 20 23
EPS in Rs 5.92 2.37 -6.33 6.20 4.39 2.28 4.53 3.57 4.50 2.74 4.87 3.71 4.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
114 189 285 392 251 401 665 739
99 153 204 264 203 277 450 501
Operating Profit 16 36 81 128 47 124 215 238
OPM % 14% 19% 28% 33% 19% 31% 32% 32%
1 1 6 5 32 21 12 14
Interest 1 2 12 18 22 25 31 36
Depreciation 2 4 32 47 60 72 87 104
Profit before tax 13 31 42 68 -3 48 109 112
Tax % 40% 34% 27% 23% -13% 26% 24%
8 21 31 53 -4 36 83 84
EPS in Rs 8.03 20.59 10.31 17.54 -1.18 6.59 15.33 15.65
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 19%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 31%
3 Years: 15%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 19%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 11%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 30 30 30 54 54 54
Reserves 41 138 149 207 204 384 466 512
Preference Capital 25 49 49 49 49 0 0
7 3 154 210 232 250 340 375
37 64 72 74 85 68 70 60
Total Liabilities 95 215 405 521 551 756 930 1,001
19 26 186 256 260 291 394 427
CWIP 1 2 2 8 9 9 7 10
Investments 7 81 23 9 46 46 22 11
68 106 194 248 237 410 508 553
Total Assets 95 215 405 521 551 756 930 1,001

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 -4 33 57 90 33 104
-15 -11 -5 -18 -47 -58 -28
-0 99 -31 -44 -37 64 -84
Net Cash Flow -10 84 -3 -5 5 39 -8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 76 56 51 52 69 55 40
Inventory Days 191 257 272 302 333 459 386
Days Payable 41 47 53 29 42 48 50
Cash Conversion Cycle 226 266 269 325 359 466 376
Working Capital Days 144 134 138 155 190 189 156
ROCE % 23% 19% 20% 4% 12% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
52.79% 52.79% 52.79% 52.78% 52.78% 52.78% 52.78% 52.78% 52.78%
10.42% 7.64% 6.98% 6.77% 6.37% 16.57% 11.02% 11.00% 12.05%
19.68% 22.53% 23.68% 23.64% 27.39% 27.74% 31.99% 32.07% 31.02%
17.12% 17.05% 16.55% 16.81% 13.45% 2.90% 4.20% 4.15% 4.14%
No. of Shareholders 47,40646,38540,52335,50133,31630,07333,13630,55630,048

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls