Go Fashion (India) Ltd

₹ 1,102 1.99%
16 Aug 1:19 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 company to launch a brand exclusively dedicated to the women’s bottom-wear category, with a market share of ~8% in the branded women’s bottom-wear market in FY20.

  • Market Cap 5,953 Cr.
  • Current Price 1,102
  • High / Low 1,341 / 847
  • Stock P/E 75.3
  • Book Value 81.2
  • Dividend Yield 0.00 %
  • ROCE 11.8 %
  • ROE 9.87 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 13.3 times its book value
  • Company has a low return on equity of 9.39% for 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
97 90 31 112 142 116 165
67 65 37 77 90 79 112
Operating Profit 30 25 -6 35 52 38 53
OPM % 31% 28% -19% 31% 37% 32% 32%
7 6 9 5 3 3 4
Interest 5 5 6 5 5 7 6
Depreciation 15 16 16 17 17 19 19
Profit before tax 17 9 -18 18 33 15 32
Tax % -5% 24% -3% -3% 28% 19% 23%
Net Profit 18 7 -19 19 24 12 24
EPS in Rs 5.92 2.37 -6.33 6.20 4.39 2.28 4.53

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
114 189 285 392 251 401 536
99 153 204 264 203 282 357
Operating Profit 16 36 81 128 47 119 178
OPM % 14% 19% 28% 33% 19% 30% 33%
1 1 6 5 32 21 15
Interest 1 2 12 18 22 23 24
Depreciation 2 4 32 47 60 69 71
Profit before tax 13 31 42 68 -3 48 98
Tax % 40% 34% 27% 23% -13% 26%
Net Profit 8 21 31 53 -4 36 79
EPS in Rs 8.03 20.59 10.31 17.54 -1.18 6.59 17.40
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 12%
TTM: 60%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 5%
TTM: 1106%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 9%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
35 59 79 79 79 54
Reserves 41 138 149 207 204 384
7 3 154 210 232 250
37 64 72 74 85 63
Total Liabilities 95 215 405 521 551 751
19 26 186 256 260 284
CWIP 1 2 2 8 9 9
Investments 7 81 23 9 46 46
68 106 194 248 237 412
Total Assets 95 215 405 521 551 751

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 76 56 51 52 69 55
Inventory Days 191 257 272 302 333 447
Days Payable 41 47 53 29 43 48
Cash Conversion Cycle 226 266 269 325 359 454
Working Capital Days 144 134 138 155 195 228
ROCE % 23% 19% 20% 4% 12%

Shareholding Pattern

Numbers in percentages

2 recently
Dec 2021 Mar 2022 Jun 2022
52.79 52.79 52.79
10.42 7.64 6.98
19.68 22.53 23.68
17.12 17.05 16.55

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