Is Gokaldas Exports a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gokaldas Exports Ltd is a good quality company .

Is Gokaldas Exports undervalued or overvalued?

The key valuation ratios of Gokaldas Exports Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Gokaldas Exports share price return in the past 10 years?

Gokaldas Exports Ltd share price has appreciated 30.1% annually (CAGR) over the past ten years.

Is Gokaldas Exports a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gokaldas Exports Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Gokaldas Exports Ltd - Stock Valuation and Financial Performance

Name: Gokaldas Exports
Brand: Gokaldas Exports

BSE: 532630 | NSE: GOKEX | Textile | Small Cap

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Gokaldas Exports Share Price

₹890.20 18.40 2.11%
as on 21-Nov'24 15:31

10 Year X-Ray of Gokaldas Exports:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	18.1%	17.7%	-1.6%	1.2%	9.5%	11.1%	9.5%	21.9%	27.8%	18.3%	-
Value Creation Index ⓘ	0.3	0.3	-1.1	-0.9	-0.3	-0.2	-0.3	0.6	1.0	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,070	1,123	915	1,031	1,173	1,368	1,209	1,789	2,221	2,139	2,324
Sales YoY Gr.	-	4.9%	-18.5%	12.7%	13.8%	16.6%	-11.6%	47.9%	24.2%	-3.7%	-
Adj EPS ⓘ	-5.3	6.7	-16.2	-13.9	9.5	2.1	6.3	17.2	28	25.8	26.1
YoY Gr.	-	NA	-342.1%	NA	NA	-77.7%	197.2%	174.6%	62.4%	-7.8%	-
BVPS (₹) ⓘ	45.2	61.2	47	36.5	54.8	50.8	64.3	118.2	143.5	204.3	284.5
Adj Net Profit ⓘ	-18.5	23.3	-56.6	-48.7	40.6	9.1	26.9	102	169	163	187
Cash Flow from Ops. ⓘ	69.3	84.4	11.7	25.2	51.3	97.9	118	121	368	130	-
Debt/CF from Ops. ⓘ	4.5	4.1	40.6	18.8	7.4	4	3.1	0.5	0.1	1.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8%	12.8%	20.9%	-3.7%
Adj EPS ⓘ	NA	22.2%	60.2%	-7.8%
BVPSⓘ	18.2%	30.1%	47%	42.4%
Share Price	30.1%	62.8%	51%	-2.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-13.3	12.6	-29.9	-33	22	3.9	10.3	20.3	21.1	14.6	10.7
Op. Profit Mgn % ⓘ	2	3.3	-3.4	-2.3	6.6	5.4	8.5	10.2	11.8	11.9	10.9
Net Profit Mgn % ⓘ	-1.7	2.1	-6.2	-4.7	3.5	0.7	2.2	5.7	7.6	7.6	8
Debt to Equity ⓘ	2	1.6	2.9	3.7	1.6	1.8	1.3	0.1	0	0.1	0
Working Cap Days ⓘ	136	130	200	227	207	184	210	147	116	149	78
Cash Conv. Cycle ⓘ	62	56	96	107	94	85	98	76	59	64	40

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.94%

Net Profit is growing at healthy rate in last 3 years 60.18%

Sales growth is good in last 4 quarters at 13.35%

Return on Equity has declined versus last 3 years average to 10.70%

Latest Financials - Gokaldas Exports Ltd.

	Standalone	Consolidated
TTM EPS (₹)	26.1	18.2
TTM Sales (₹ Cr.)	2,324	3,225
BVPS (₹.) ⓘ	284.5	272.6
Reserves (₹ Cr.) ⓘ	1,998	1,912
P/BV ⓘ	3.06	3.20
PE ⓘ	33.37	47.91

From the Market
52 Week Low / High (₹)	683.45 / 1123.75
All Time Low / High (₹)	22.75 / 1123.75
Market Cap (₹ Cr.)	6,230
Equity (₹ Cr.)	35.7
Face Value (₹)	5
Industry PE ⓘ	26.9

Management X-Ray of Gokaldas Exports:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Gokaldas Exports

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Gokaldas Exports

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,070	1,123	915	1,031	1,173	1,368	1,209	1,789	2,221	2,139
Operating Expenses ⓘ	1,049	1,085	946	1,054	1,112	1,294	1,109	1,606	1,958	1,885
Manufacturing Costs	314	293	278	75	64	59	55	89	84	89
Material Costs	546	595	483	537	523	689	603	887	1,177	998
Employee Cost	127	122	108	336	394	467	371	539	619	706
Other Costs ⓘ	62	75	77	107	131	79	79	92	78	92
Operating Profit ⓘ	21	37	-31	-23	62	74	101	183	263	254
Operating Profit Margin (%)	2.0%	3.3%	-3.4%	-2.3%	5.3%	5.4%	8.3%	10.2%	11.8%	11.9%
Other Income ⓘ	46	28	39	47	22	29	12	32	37	46
Interest ⓘ	47	39	36	37	33	37	34	40	25	24
Depreciation ⓘ	30	20	17	16	19	54	52	58	71	79
Exceptional Items ⓘ	44	45	0	0	-6	20	0	0	6	0
Profit Before Tax ⓘ	34	51	-46	-30	25	32	26	117	210	197
Tax ⓘ	0	-10	0	1	-1	0	0	0	31	33
Profit After Tax	34	61	-46	-31	26	32	26	117	178	164
PAT Margin (%)	3.2%	5.4%	-5.1%	-3.0%	2.2%	2.4%	2.2%	6.5%	8.0%	7.7%
Adjusted EPS (₹)	9.9	17.4	-13.2	-8.8	6.0	7.6	6.1	19.8	29.5	25.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	3%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	156	213	164	127	235	217	276	697	869	1,295
Share Capital ⓘ	17	17	17	17	21	21	21	29	30	32
Reserves ⓘ	139	195	147	110	213	196	254	667	839	1,263
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	289	313	474	472	381	391	339	58	9	157
Long Term Debt	27	0	0	0	0	0	19	2	0	0
Short Term Debt	262	313	474	472	381	391	320	56	9	157
Trade Payables	101	104	80	98	85	114	86	118	84	138
Others Liabilities ⓘ	98	85	76	97	122	216	298	341	350	330
Total Liabilities ⓘ	645	715	794	794	823	938	998	1,214	1,312	1,919
Fixed Assets
Gross Block	420	374	111	130	159	277	385	471	500	548
Accumulated Depreciation	295	282	17	35	52	105	150	189	239	294
Net Fixed Assetsⓘ	125	92	94	95	107	171	235	282	261	254
CWIP ⓘ	2	2	1	0	1	1	0	0	0	0
Investmentsⓘ	32	29	29	20	20	55	57	174	365	504
Inventories	209	194	187	173	258	286	258	433	292	363
Trade Receivables	77	80	212	216	162	144	180	92	136	210
Cash Equivalents	70	209	45	17	11	12	15	13	21	86
Others Assetsⓘ	129	109	228	272	264	269	254	221	238	503
Total Assets ⓘ	645	715	794	794	823	938	998	1,214	1,312	1,919

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	69	84	12	25	51	98	118	121	368	130
PBT ⓘ	34	51	-46	-30	25	32	26	117	204	197
Adjustment ⓘ	22	5	44	45	51	62	88	87	91	75
Changes in Working Capital ⓘ	14	31	14	11	-29	3	1	-70	112	-101
Tax Paid ⓘ	-2	-2	-1	-1	4	0	2	-13	-39	-41
Cash Flow From Investing Activity ⓘ	-17	-83	26	-14	0	-39	-32	-57	-283	-448
Capex	4	36	-11	-12	-22	-8	-34	-53	-33	-51
Net Investments	-22	-279	25	-10	10	-40	-8	17	-166	147
Others ⓘ	1	159	12	9	12	10	10	-21	-84	-543
Cash Flow From Financing Activityⓘ	-37	4	-54	-40	-57	-44	-85	-42	-85	318
Net Proceeds from Shares ⓘ	1	1	0	0	68	0	0	293	4	248
Net Proceeds from Borrowing ⓘ	-17	-18	-30	0	0	0	0	0	0	0
Interest Paid ⓘ	-37	-33	-36	-38	-34	-29	-29	-25	-10	-12
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	-6
Others ⓘ	17	55	12	-2	-91	-15	-57	-309	-79	88
Net Cash Flow ⓘ	16	6	-16	-28	-6	15	0	22	1	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	24.74	32.86	-24.53	-21.19	14.15	14.32	10.64	24	22.78	15.17
ROCE (%)	18.05	17.69	-1.58	1.2	9.47	11.11	9.49	21.92	27.82	18.29
Asset Turnover Ratio	1.71	1.65	1.22	1.3	1.45	1.55	1.25	1.62	1.76	1.32
PAT to CFO Conversion(x)	2.03	1.38	N/A	N/A	1.96	3.06	4.54	1.03	2.07	0.79
Working Capital Days
Receivable Days	30	26	58	76	59	41	49	28	19	29
Inventory Days	70	65	76	64	67	73	82	70	60	56
Payable Days	72	63	70	60	64	53	60	42	31	41

Gokaldas Exports Ltd Stock News

Gokaldas Exports Ltd FAQs

What is the share price of Gokaldas Exports?

Company share prices are keep on changing according to the market conditions. The closing price of Gokaldas Exports on 21-Nov-2024 15:31 is ₹890.2.

What is the market cap of Gokaldas Exports?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 15:31 the market cap of Gokaldas Exports stood at ₹6,230.5.

What is the P/E ratio of Gokaldas Exports?

The latest P/E ratio of Gokaldas Exports as of 21-Nov-2024 15:31 is 33.37.

What is the P/B ratio of Gokaldas Exports?

The latest P/B ratio of Gokaldas Exports as of 21-Nov-2024 15:31 is 3.06.

What is the 52-week high and low of Gokaldas Exports?

The 52-week high of Gokaldas Exports is ₹1,123.8 and the 52-week low is ₹683.5.

What is the TTM revenue of Gokaldas Exports?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gokaldas Exports is ₹2,324 ( Cr.) .

About Gokaldas Exports Ltd

Gokaldas Exports Limited (GEL) is a leading apparel manufacturer since 1979. The company exports to some of the major fashion brands and retailers across many countries. The company consistently strives to deliver excellence every step of the way.

The company’s world class apparel manufacturing facilities are complemented by integrated ancillary units which provide services such as laundry, embroidery, printing, quilting, and poly wadding. It is one of the largest organized apparel manufacturers in India with a manufacturing capacity of multimillion apparel pieces per annum.

The company has a proud workforce of nearly thousands of people, 80% of whom are women. All the units are certified to international standards for environmental and social compliance. The Company is listed on the Bombay Stock Exchange (BSE) Limited and National Stock Exchange (NSE) Limited.

Business area of the company

The company is engaged in the designing, manufacturing and exporting of a wide range of apparel products ranging from outerwear, activewear and fashion wear for all seasons.

Products

High fashion garments
Outerwear
Industrial workwear
Healthcare garments
Sportswear

Services offered

Laying
Cutting
Sewing
Checking
Labs
Washing
Ironing
Finishing
Design
Embroidery
Printing
Laser
Fusing
Scraping
Hand Grinding
Quilting
Polyfill

Milestones

1947: After India’s partition in the year 1947, Jhamandas Hinduja and his two brothers, Naraindas and Devkishendas, moved their Sindh-based silk trading business Gokaldas Harbhagwandas Partners to India.
1979: The business was split among the three brothers, with Jhamandas Hinduja taking the lead of the major successor, Gokaldas Exports. The Company was subsequently run by his three sons, Madanlal, Rajendra, and Dinesh Hinduja, who were involved since its inception.
2005: The Company went public in 2005 and was listed on Indian stock exchanges.
2007: Gokaldas Exports Ltd. crossed the Rs 10 billion sales milestone, a first for an Indian apparel Company. Looking at the growing potential of the textile industry, Blackstone, the global private equity giant, acquired a controlling stake of approximately 70% in the Company.
2007-2017: Under the management and leadership of Blackstone, the Company confronted a changing business environment ushered in by abolition of Multi Fibre Agreement imposed Quotas and a growing apparel business in Bangladesh.
2017: Blackstone steadily reduced its investment in the Company and finally exited from its decadelong investment by selling its stake to another Private Equity firm Clear Wealth Consultancy Services LLP.
2021: Clear Wealth now holds about 33% of the Company, and the Company is listed on BSE and NSE of India. With the COVID-19 pandemic, Gokaldas Exports faced a new kind of challenge, but it turned the crisis into an opportunity and achieved greater market share in the bargain. The journey continues as the Company gears up to take monumental strides.