Past 10 year's financial track record analysis by Moneyworks4me indicates that Go Fashion (India) Ltd is a good quality company.
The key valuation ratios of Go Fashion (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Go Fashion (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 23.1% | 32.9% | 6.4% | 19.9% | 29.2% | 27.2% | - |
| Value Creation Index ⓘ | 0.7 | 1.4 | -0.5 | 0.4 | 1.2 | 1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 285 | 392 | 251 | 401 | 665 | 763 | 813 |
| Sales YoY Gr. | - | 37.4% | -36.1% | 60.1% | 65.8% | 14.7% | - |
| Adj EPS ⓘ | 10.2 | 17.6 | -1.2 | 6.6 | 15.6 | 15.3 | 15.9 |
| YoY Gr. | - | 71.9% | -107% | NA | 134.9% | -1.4% | - |
| BVPS (₹) ⓘ | 59.8 | 79.1 | 78 | 81.2 | 96.4 | 111.8 | 121 |
| Adj Net Profit ⓘ | 30.7 | 52.8 | -3.7 | 35.7 | 84 | 82.8 | 86 |
| Cash Flow from Ops. ⓘ | 33.3 | 57.2 | 90.1 | 33 | 104 | 219 | - |
| Debt/CF from Ops. ⓘ | 0.3 | 0.1 | 0.1 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 21.7% | 44.9% | 14.7% | ||||
| Adj EPS ⓘ | NA | 8.4% | NA | -1.4% | ||||
| BVPSⓘ | NA | 13.3% | 12.8% | 16% | ||||
| Share Price | - | - | - | -14.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.5 | 20.5 | -1.3 | 9.9 | 17.5 | 14.7 | 13.6 |
| Op. Profit Mgn % ⓘ | 28.4 | 32.7 | 18.9 | 30.9 | 32.6 | 32.2 | 31.7 |
| Net Profit Mgn % ⓘ | 10.8 | 13.5 | -1.5 | 8.9 | 12.6 | 10.9 | 10.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 159 | 269 | 214 | 196 | 194 | 132 |
| Cash Conv. Cycle ⓘ | 0 | 108 | 180 | 142 | 126 | 115 | 98 |
Sales growth is growing at healthy rate in last 3 years 44.91%
Sales growth is good in last 4 quarters at 14.17%
Return on Equity has declined versus last 3 years average to 13.60%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 15.9 | 7.6 |
| TTM Sales (₹ Cr.) | 813 | 285 |
| BVPS (₹.) ⓘ | 121 | 0 |
| Reserves (₹ Cr.) ⓘ | 600 | 149 |
| P/BV ⓘ | 8.99 | 0.00 |
| PE ⓘ | 68.55 | 142.91 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 939.05 / 1405.00 |
| All Time Low / High (₹) | 861.90 / 1450.00 |
| Market Cap (₹ Cr.) | 5,877 |
| Equity (₹ Cr.) | 54 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 94.9 |
| Pledged * | 16.33 | 16.33 | 16.33 | 16.33 | 16.33 | 16.33 | 16.33 | 16.33 | 16.33 | 16.33 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 285 | 392 | 251 | 401 | 665 | 763 |
| Operating Expenses ⓘ | 204 | 264 | 203 | 277 | 450 | 517 |
| Manufacturing Costs | 30 | 39 | 24 | 41 | 64 | 69 |
| Material Costs | 94 | 130 | 91 | 133 | 217 | 250 |
| Employee Cost | 42 | 62 | 61 | 73 | 102 | 130 |
| Other Costs ⓘ | 38 | 33 | 27 | 31 | 67 | 68 |
| Operating Profit ⓘ | 81 | 128 | 47 | 124 | 215 | 246 |
| Operating Profit Margin (%) | 28.4% | 32.7% | 18.9% | 30.9% | 32.3% | 32.2% |
| Other Income ⓘ | 6 | 5 | 32 | 21 | 12 | 17 |
| Interest ⓘ | 12 | 18 | 22 | 25 | 31 | 42 |
| Depreciation ⓘ | 32 | 47 | 60 | 72 | 87 | 110 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 42 | 68 | -3 | 48 | 109 | 110 |
| Tax ⓘ | 11 | 16 | 0 | 12 | 26 | 27 |
| Profit After Tax | 31 | 53 | -4 | 36 | 83 | 83 |
| PAT Margin (%) | 10.8% | 13.4% | -1.4% | 8.9% | 12.4% | 10.9% |
| Adjusted EPS (₹) | 10.3 | 17.5 | -1.2 | 6.6 | 15.3 | 15.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 228 | 286 | 283 | 438 | 520 | 604 | ||||
| Share Capital ⓘ | 79 | 79 | 79 | 54 | 54 | 54 | ||||
| Reserves ⓘ | 149 | 207 | 204 | 384 | 466 | 550 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Debt | 8 | 3 | 10 | 0 | 0 | 0 | ||||
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Short Term Debt | 8 | 3 | 10 | 0 | 0 | 0 | ||||
| Trade Payables | 14 | 10 | 11 | 18 | 36 | 37 | ||||
| Others Liabilities ⓘ | 151 | 214 | 237 | 295 | 381 | 508 | ||||
| Total Liabilities ⓘ | 401 | 514 | 541 | 751 | 937 | 1,149 | ||||
Fixed Assets | ||||||||||
| Gross Block | 225 | 312 | 335 | 386 | 514 | 753 | ||||
| Accumulated Depreciation | 39 | 56 | 76 | 95 | 120 | 227 | ||||
| Net Fixed Assetsⓘ | 186 | 256 | 260 | 291 | 394 | 527 | ||||
| CWIP ⓘ | 2 | 8 | 9 | 9 | 7 | 11 | ||||
| Investmentsⓘ | 23 | 9 | 46 | 46 | 22 | 6 | ||||
| Inventories | 69 | 106 | 81 | 166 | 230 | 216 | ||||
| Trade Receivables | 40 | 56 | 47 | 60 | 72 | 79 | ||||
| Cash Equivalents | 44 | 33 | 40 | 106 | 87 | 192 | ||||
| Others Assetsⓘ | 37 | 47 | 59 | 73 | 125 | 118 | ||||
| Total Assets ⓘ | 401 | 514 | 541 | 751 | 937 | 1,149 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 33 | 57 | 90 | 33 | 104 | 219 |
| PBT ⓘ | 42 | 68 | -3 | 48 | 109 | 110 |
| Adjustment ⓘ | 50 | 62 | 30 | 81 | 111 | 136 |
| Changes in Working Capital ⓘ | -42 | -53 | 63 | -85 | -83 | 9 |
| Tax Paid ⓘ | -17 | -20 | 0 | -11 | -32 | -37 |
| Cash Flow From Investing Activity ⓘ | -5 | -18 | -47 | -58 | -28 | -73 |
| Capex | -26 | -28 | -10 | -20 | -35 | -43 |
| Net Investments | 20 | 16 | -31 | -36 | 12 | -25 |
| Others ⓘ | 1 | -6 | -6 | -3 | -4 | -4 |
| Cash Flow From Financing Activityⓘ | -31 | -44 | -37 | 64 | -84 | -108 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 119 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -11 | -16 | -20 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -20 | -27 | -17 | -54 | -84 | -108 |
| Net Cash Flow ⓘ | -3 | -5 | 5 | 39 | -8 | 38 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.25 | 25.27 | -1.5 | 10.59 | 17.27 | 14.72 | ||||
| ROCE (%) | 23.07 | 32.86 | 6.38 | 19.93 | 29.18 | 27.15 | ||||
| Asset Turnover Ratio | 0.73 | 0.89 | 0.51 | 0.64 | 0.8 | 0.76 | ||||
| PAT to CFO Conversion(x) | 1.06 | 1.08 | N/A | 0.92 | 1.25 | 2.64 | Working Capital Days | |||
| Receivable Days | 50 | 43 | 70 | 47 | 36 | 35 | ||||
| Inventory Days | 86 | 79 | 127 | 109 | 107 | 103 | ||||
| Payable Days | 53 | 34 | 43 | 39 | 45 | 53 | ||||
Go Fashion (India) is a women’s bottom-wear brand in India. It is engaged in the development, design, sourcing, marketing and retailing a range of women’s bottom-wear products under the brand, ‘Go Colors’. It is among the few apparel companies in India to have identified the market opportunity in women’s bottom-wear and has acted as a ‘category creator’ for bottom-wear. It was the first company to launch a brand exclusively dedicated to women’s bottom-wear category and have leveraged this advantage to create a direct-to-consumer brand with a diversified and differentiated product portfolio of premium quality products at competitive prices.
The company offered one of the widest portfolios of bottom-wear products among women’s apparel retailers in India in terms of colours and styles, as of July 2021. Its bottom-wear products, which include churidars, leggings, dhotis, harem pants, patiala, palazzos, culottes, pants, trousers and jeggings, are sold across multiple categories such as ethnic wear, western wear, fusion wear, athleisure, denims, plus sizes and girls wear making its portfolio ‘universal’ and for every occasion. It designs its products to cater to women across all age groups and girls and fits that are suitable to various body types and physiques. These factors, coupled with the lack of seasonality, ensure that its portfolio is resistant to redundancy from fashion trends.
Business area of the company
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'.
Key awards, accreditations and recognition
Major events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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