Gokaldas Exports Ltd

Gokaldas Exports Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gokaldas Exports Ltd

₹ 577 4.88%
01 Feb 11:01 a.m.
gokaldasexports.com BSE: 532630 NSE: GOKEX
About

Gokaldas Exports Limited is engaged in the business of design, manufacture, and sale of a wide range of garments for men, women, and children and caters to the needs of several leading international fashion brands and retailers [1]

Key Points

Business Overview[1]
Gokaldas Exports Limited (GEX) is a premier apparel manufacturer in India, operational since 1979. It specializes in designing, manufacturing, and exporting apparel products to 50+ countries. The company serves some of the world's most prestigious fashion brands with a workforce of over 54,000 employees, 75% of whom are women​

Website BSE NSE
  • Market Cap ₹ 4,229 Cr.
  • Current Price ₹ 577
  • High / Low ₹ 1,060 / 531
  • Stock P/E 21.9
  • Book Value ₹ 312
  • Dividend Yield 0.00 %
  • ROCE 12.1 %
  • ROE 9.68 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Promoter holding is low: 9.15%
  • Company has a low return on equity of 12.9% over last 3 years.
  • Promoters have pledged 96.3% of their holding.
  • Earnings include an other income of Rs.125 Cr.
  • Dividend payout has been low at 2.38% of profits over last 3 years
  • Debtor days have increased from 32.5 to 39.4 days.
  • Promoter holding has decreased over last 3 years: -11.8%

* 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 Textiles Textiles & Apparels Garments & Apparels

Part of BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
518 523 514 497 545 583 564 632 625 655 638 688 672
456 453 454 447 479 504 512 573 560 586 576 621 616
Operating Profit 62 70 61 50 65 79 52 59 65 69 62 66 56
OPM % 12% 13% 12% 10% 12% 14% 9% 9% 10% 10% 10% 10% 8%
11 9 11 12 12 9 17 25 26 33 32 30 31
Interest 6 7 5 5 5 8 6 4 5 5 9 8 9
Depreciation 18 19 18 19 20 21 18 19 20 20 24 26 29
Profit before tax 49 53 48 38 53 59 45 60 65 76 61 62 49
Tax % 15% 7% 25% 18% 26% 1% 19% 13% 24% 30% 21% 14% 19%
42 49 36 31 39 58 36 53 49 53 48 53 39
EPS in Rs 6.97 8.13 5.87 5.11 6.44 9.23 5.13 7.37 6.91 7.39 6.56 7.25 5.39
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,112 1,070 1,123 915 1,031 1,173 1,368 1,209 1,789 2,221 2,139 2,477 2,653
1,069 1,049 1,085 946 1,054 1,112 1,281 1,109 1,585 1,952 1,884 2,232 2,400
Operating Profit 43 21 37 -31 -23 62 87 101 204 269 255 244 253
OPM % 4% 2% 3% -3% -2% 5% 6% 8% 11% 12% 12% 10% 10%
15 90 74 39 47 15 36 12 11 37 45 100 125
Interest 40 47 39 36 37 33 37 34 40 25 24 20 32
Depreciation 25 30 20 17 16 19 54 52 58 71 79 78 99
Profit before tax -7 34 51 -46 -30 25 32 26 117 210 197 246 247
Tax % 6% 0% -19% 1% 3% -3% 0% 0% 0% 15% 17% 22%
-7 34 61 -46 -31 26 32 26 117 178 164 191 193
EPS in Rs -2.10 9.93 17.44 -13.23 -8.83 5.99 7.56 6.12 19.79 29.45 25.90 26.77 26.59
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 3% 0% 4%
Compounded Sales Growth
10 Years: 9%
5 Years: 13%
3 Years: 11%
TTM: 10%
Compounded Profit Growth
10 Years: 35%
5 Years: 73%
3 Years: 14%
TTM: -2%
Stock Price CAGR
10 Years: 28%
5 Years: 47%
3 Years: 16%
1 Year: -42%
Return on Equity
10 Years: 11%
5 Years: 14%
3 Years: 13%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 17 17 17 17 17 21 21 21 29 30 32 36 37
Reserves 104 139 195 148 113 218 207 270 680 863 1,310 2,109 2,249
311 311 343 474 472 381 440 476 191 141 254 192 310
176 177 168 154 192 202 271 237 325 309 359 426 563
Total Liabilities 608 645 725 794 794 823 939 1,005 1,226 1,343 1,955 2,763 3,159
158 125 92 94 95 107 171 235 282 261 254 268 394
CWIP 0 2 2 1 0 1 1 0 0 0 0 4 29
Investments 32 32 29 29 20 20 55 57 174 365 504 842 965
417 485 602 671 679 694 712 713 770 717 1,197 1,649 1,771
Total Assets 608 645 725 794 794 823 939 1,005 1,226 1,343 1,955 2,763 3,159

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
37 69 84 12 25 51 98 118 121 368 130 78
21 -17 -83 26 -14 0 -39 -32 -57 -283 -448 -462
-37 -37 4 -54 -40 -57 -44 -85 -42 -85 318 493
Net Cash Flow 20 16 6 -16 -28 -6 15 0 22 1 1 108

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 32 26 26 84 77 50 38 54 19 22 36 39
Inventory Days 129 139 119 128 118 180 152 156 178 91 133 140
Days Payable 73 67 64 55 67 60 60 52 48 26 51 52
Cash Conversion Cycle 88 98 81 158 128 171 130 158 148 87 118 127
Working Capital Days -17 -25 -54 -64 -66 -21 -44 -30 52 26 24 49
ROCE % 5% 8% 9% -2% 1% 10% 7% 8% 18% 22% 15% 12%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
11.07% 11.06% 11.05% 11.05% 10.58% 9.42% 9.39% 9.38% 9.38% 9.17% 9.16% 9.15%
17.22% 16.20% 16.96% 20.46% 21.21% 26.55% 27.02% 26.54% 25.79% 24.88% 22.93% 23.71%
31.35% 32.31% 32.68% 31.55% 30.03% 31.79% 33.77% 37.01% 36.82% 37.17% 38.94% 39.03%
40.36% 40.44% 39.31% 36.93% 38.18% 32.26% 29.82% 27.08% 27.99% 28.78% 28.97% 28.10%
No. of Shareholders 44,31649,68062,45276,07067,06053,28748,57047,87355,50761,37664,55362,328

* 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.

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