Gokaldas Exports Ltd

Gokaldas Exports Ltd

₹ 846 0.08%
01 Mar 12:18 p.m.
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

Products[1]
The Company deals in a broad range of apparel products that include outerwear, activewear, and fashion wear for all weather and seasons

  • Market Cap 5,129 Cr.
  • Current Price 846
  • High / Low 1,023 / 340
  • Stock P/E 38.3
  • Book Value 159
  • Dividend Yield 0.12 %
  • ROCE 21.4 %
  • ROE 19.6 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 47.7% CAGR over last 5 years
  • Debtor days have improved from 31.8 to 22.3 days.
  • Company's working capital requirements have reduced from 65.9 days to 36.8 days

Cons

  • Promoter holding is low: 11.1%
  • Promoter holding has decreased over last 3 years: -22.1%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
265 370 241 444 521 585 611 570 519 523 515 500 552
244 335 223 392 461 508 538 504 456 453 454 453 489
Operating Profit 21 35 18 52 59 77 72 65 63 70 60 47 62
OPM % 8% 10% 7% 12% 11% 13% 12% 11% 12% 13% 12% 9% 11%
3 3 2 2 3 3 2 13 9 7 8 9 8
Interest 5 9 10 12 9 9 6 6 6 7 6 6 5
Depreciation 13 13 12 14 15 18 17 17 19 19 19 21 22
Profit before tax 6 16 -3 29 39 52 51 55 48 51 43 29 44
Tax % 0% 1% 0% 0% 22% -16% 22% 17% 15% 7% 25% 19% 30%
6 16 -3 29 30 61 39 46 41 47 33 24 30
EPS in Rs 1.41 3.74 -0.59 6.59 5.11 10.33 6.51 7.56 6.70 7.79 5.37 3.91 5.02
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,024 981 1,131 1,090 1,143 930 1,031 1,175 1,371 1,211 1,790 2,222 2,089
1,084 1,026 1,084 1,065 1,106 962 1,055 1,113 1,285 1,109 1,585 1,951 1,850
Operating Profit -60 -45 48 25 37 -32 -23 62 86 101 206 271 240
OPM % -6% -5% 4% 2% 3% -3% -2% 5% 6% 8% 11% 12% 11%
5 9 16 91 78 42 47 15 36 12 11 31 32
Interest 39 38 40 47 40 36 37 33 37 34 40 26 24
Depreciation 37 34 27 33 22 18 16 19 55 53 59 72 80
Profit before tax -132 -108 -4 36 53 -45 -30 25 30 27 117 204 167
Tax % -1% -1% -80% 2% -15% -5% -3% -2% 0% 0% -0% 15%
-132 -109 -7 35 61 -47 -31 26 30 26 117 173 134
EPS in Rs -38.48 -31.81 -1.95 10.03 17.63 -13.53 -8.87 5.97 7.10 6.18 19.85 28.55 22.09
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 4%
Compounded Sales Growth
10 Years: 9%
5 Years: 17%
3 Years: 17%
TTM: -9%
Compounded Profit Growth
10 Years: 13%
5 Years: 48%
3 Years: 160%
TTM: -26%
Stock Price CAGR
10 Years: 33%
5 Years: 62%
3 Years: 118%
1 Year: 106%
Return on Equity
10 Years: 9%
5 Years: 17%
3 Years: 19%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 17 17 17 17 17 17 17 21 21 21 29 30 30
Reserves 210 107 106 142 198 152 113 219 205 269 679 856 933
259 317 311 311 343 474 472 381 442 479 193 154 142
131 202 194 189 177 157 178 188 256 221 310 301 308
Total Liabilities 617 643 628 659 736 801 781 809 925 990 1,211 1,342 1,414
224 203 172 135 96 97 96 107 172 237 288 280 342
CWIP 5 0 0 2 2 1 0 1 1 0 11 108 101
Investments 24 10 0 0 0 0 0 0 36 37 154 344 487
364 429 456 522 638 702 685 700 716 716 758 610 483
Total Assets 617 643 628 659 736 801 781 809 925 990 1,211 1,342 1,414

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
112 -66 40 68 83 12 25 51 99 119 117 369
-40 33 20 -16 -83 26 -14 0 -39 -32 -52 -291
-81 30 -37 -37 4 -54 -40 -57 -45 -86 -43 -75
Net Cash Flow -9 -3 23 15 4 -17 -28 -6 15 0 22 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 23 30 32 28 27 84 77 50 38 54 19 22
Inventory Days 108 178 130 144 122 132 121 183 153 156 178 91
Days Payable 42 85 73 69 66 58 67 60 60 52 48 26
Cash Conversion Cycle 88 122 89 102 84 157 131 174 130 159 149 87
Working Capital Days 52 63 60 63 47 126 108 103 70 88 73 37
ROCE % -16% -15% 6% 8% 9% -1% 1% 10% 7% 8% 18% 21%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
33.12% 33.12% 32.72% 24.09% 24.09% 23.48% 20.97% 20.97% 11.07% 11.06% 11.05% 11.05%
8.31% 5.49% 4.63% 12.37% 11.03% 10.97% 11.72% 14.65% 17.22% 16.20% 16.96% 20.46%
3.69% 3.69% 10.05% 26.24% 27.20% 25.46% 25.93% 24.21% 31.35% 32.31% 32.68% 31.55%
54.89% 57.71% 52.60% 37.30% 37.68% 40.09% 41.39% 40.16% 40.36% 40.44% 39.31% 36.93%
No. of Shareholders 24,61123,98625,48127,65036,91248,86244,59745,73144,31649,68062,45276,070

* 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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Documents

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