Gokaldas Exports Ltd

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

Gokaldas Exports Ltd

₹ 931 1.42%
02 Jul - close price
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 ₹ 6,812 Cr.
  • Current Price ₹ 931
  • High / Low ₹ 1,262 / 735
  • Stock P/E 35.6
  • Book Value ₹ 300
  • Dividend Yield 0.00 %
  • ROCE 13.5 %
  • ROE 11.0 %
  • Face Value ₹ 5.00
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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 or encumbered 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

Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels

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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
585 610 569 518 523 514 497 545 583 564 632 625 655
509 538 504 456 453 454 447 479 504 512 573 560 586
Operating Profit 76 72 65 62 70 61 50 65 79 52 59 65 69
OPM % 13% 12% 11% 12% 13% 12% 10% 12% 14% 9% 9% 10% 10%
3 3 14 11 9 11 12 12 9 17 25 26 33
Interest 9 6 6 6 7 5 5 5 8 6 4 5 5
Depreciation 18 17 17 18 19 18 19 20 21 18 19 20 20
Profit before tax 52 52 56 49 53 48 38 53 59 45 60 65 76
Tax % -16% 22% 17% 15% 7% 25% 18% 26% 1% 19% 13% 24% 30%
61 40 47 42 49 36 31 39 58 36 53 49 53
EPS in Rs 10.30 6.62 7.72 6.97 8.13 5.87 5.11 6.44 9.23 5.13 7.37 6.91 7.39
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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
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: 30%
5 Years: 87%
3 Years: 40%
1 Year: -4%
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%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
23.48% 20.97% 20.97% 11.07% 11.06% 11.05% 11.05% 10.58% 9.42% 9.39% 9.38% 9.38%
10.97% 11.72% 14.65% 17.22% 16.20% 16.96% 20.46% 21.21% 26.55% 27.02% 26.54% 25.79%
25.46% 25.93% 24.21% 31.35% 32.31% 32.68% 31.55% 30.03% 31.79% 33.77% 37.01% 36.82%
40.09% 41.39% 40.16% 40.36% 40.44% 39.31% 36.93% 38.18% 32.26% 29.82% 27.08% 27.99%
No. of Shareholders 48,86244,59745,73144,31649,68062,45276,07067,06053,28748,57047,87355,507

* 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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