Gokaldas Exports Ltd
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]
- Market Cap ₹ 7,439 Cr.
- Current Price ₹ 1,041
- High / Low ₹ 1,262 / 727
- Stock P/E 38.9
- Book Value ₹ 300
- Dividend Yield 0.00 %
- ROCE 13.5 %
- ROE 11.0 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 77.7% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 9.38%
- Company has a low return on equity of 13.6% over last 3 years.
- Promoters have pledged 96.3% of their holding.
- Earnings include an other income of Rs.99.6 Cr.
- Debtor days have increased from 32.5 to 39.4 days.
- Promoter holding has decreased over last 3 years: -14.7%
- Working capital days have increased from 69.6 days to 117 days
* 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: Readymade Garments/ Apparells Industry: Textiles - Products
Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,112 | 1,070 | 1,123 | 915 | 1,031 | 1,173 | 1,368 | 1,209 | 1,789 | 2,221 | 2,139 | 2,477 | |
1,069 | 1,049 | 1,085 | 946 | 1,054 | 1,112 | 1,281 | 1,109 | 1,585 | 1,952 | 1,884 | 2,232 | |
Operating Profit | 43 | 21 | 37 | -31 | -23 | 62 | 87 | 101 | 204 | 269 | 255 | 244 |
OPM % | 4% | 2% | 3% | -3% | -2% | 5% | 6% | 8% | 11% | 12% | 12% | 10% |
15 | 90 | 74 | 39 | 47 | 15 | 36 | 12 | 11 | 37 | 45 | 100 | |
Interest | 40 | 47 | 39 | 36 | 37 | 33 | 37 | 34 | 40 | 25 | 24 | 20 |
Depreciation | 25 | 30 | 20 | 17 | 16 | 19 | 54 | 52 | 58 | 71 | 79 | 78 |
Profit before tax | -7 | 34 | 51 | -46 | -30 | 25 | 32 | 26 | 117 | 210 | 197 | 246 |
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 | |
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 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 13% |
3 Years: | 11% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 36% |
5 Years: | 78% |
3 Years: | 19% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | 33% |
5 Years: | 106% |
3 Years: | 32% |
1 Year: | 26% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 11% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 17 | 17 | 17 | 17 | 17 | 21 | 21 | 21 | 29 | 30 | 32 | 36 |
Reserves | 104 | 139 | 195 | 148 | 113 | 218 | 207 | 270 | 680 | 863 | 1,310 | 2,109 |
311 | 311 | 343 | 474 | 472 | 381 | 440 | 476 | 191 | 141 | 254 | 192 | |
176 | 177 | 168 | 154 | 192 | 202 | 271 | 237 | 325 | 309 | 359 | 426 | |
Total Liabilities | 608 | 645 | 725 | 794 | 794 | 823 | 939 | 1,005 | 1,226 | 1,343 | 1,955 | 2,763 |
158 | 125 | 92 | 94 | 95 | 107 | 171 | 235 | 282 | 261 | 254 | 268 | |
CWIP | 0 | 2 | 2 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 4 |
Investments | 32 | 32 | 29 | 29 | 20 | 20 | 55 | 57 | 174 | 365 | 504 | 842 |
417 | 485 | 602 | 671 | 679 | 694 | 712 | 713 | 770 | 717 | 1,197 | 1,649 | |
Total Assets | 608 | 645 | 725 | 794 | 794 | 823 | 939 | 1,005 | 1,226 | 1,343 | 1,955 | 2,763 |
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 | 63 | 65 | 47 | 126 | 102 | 97 | 66 | 83 | 70 | 35 | 57 | 117 |
ROCE % | 5% | 8% | 9% | -2% | 1% | 10% | 7% | 8% | 18% | 22% | 15% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
3h - Gokaldas Exports Q4FY25 income up 27%, PBT up 84%; FY25 income ₹3917 Cr, PBT ₹218 Cr, highest ever.
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Intimation Of Grant Of Stock Options
4h - Grant of 55,000 stock options at Rs. 832.68, vesting April 30, 2028 under 2022 ESOP plan.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
4h - Of allotment of 1,68,000 equity shares of the Company under GEL Employee Stock Exchange Plan 2022
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Board Meeting Outcome for -May 21, 2025
4h - Approved FY25 audited results; adopted ESOP 2025 plan; appointed secretarial auditor, all subject to shareholder approval.
- Results 4h
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Sep 2023TranscriptPPTREC
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Aug 2023TranscriptPPTREC
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Aug 2023TranscriptNotesPPT REC
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Jun 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Oct 2022TranscriptPPT
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Jul 2022TranscriptPPT
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Jan 2022TranscriptPPT
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Oct 2021TranscriptPPT
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Aug 2021TranscriptNotesPPTREC
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May 2021TranscriptPPT
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Jan 2021Transcript PPT
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May 2019TranscriptNotesPPT
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