SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Go Fashion (India) Ltd (GOCOLORS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543401 NSE: GOCOLORS Retailing | Small Cap | Go Fashion (India) Share Price

₹343.70 -18.05 (-4.99%)

As on 11-Jun'26 16:59

Go Fashion (India) Ltd (GOCOLORS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543401 NSE: GOCOLORS Retailing | Small Cap | Go Fashion (India) Share Price

₹343.70 -18.05 (-4.99%)

As on 11-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,808 Cr.
Current Price
₹343.7
52-Week Low / High
₹237 / 925
TTM EPS
₹11.3
TTM Sales
₹838 Cr.
Book Value per Share
₹131.2
P/E Ratio
30.55
Lower than its 5-year historical median
Industry PE
67.9
Price to Book (P/B)
2.62
Lower than its 5-year historical median
Price to Sales (P/S)
2.16
Lower than its 5-year historical median
EV/EBITDA
6.28
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
14.37%
Outperforms industry median
Return on Capital Employed (ROCE)
26.48%
Outperforms industry median
Return on Assets (ROA)
7.89%
Operating Profit Margin
32.1%
Net Profit Margin
11.02%
Gross Profit Margin
27.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
11.19%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
10.13%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
12.95%
Asset Quality
Promoter Holding
54.20%
Pledged shares (%) of Promoter's holding (%)
24.16%
Reserves
₹638 Cr.
Equity
₹52.6 Cr.
Face Value
₹10
All Time Low / High
₹237.25 / 1450.00

Go Fashion (India) stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is Go Fashion (India) Ltd a good quality company?
Go Fashion (India) Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Go Fashion (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Go Fashion (India) Ltd vs industry peers?
Go Fashion (India) Ltd revenue CAGR is 16.69%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Go Fashion (India) Ltd?
Promoters hold 54.20% of the Go Fashion (India) Ltd, with 24.16% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Go Fashion (India) Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -35.46% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Go Fashion (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 23.1%32.9%6.4%19.9%29.2%27.2%26.5%-
Value Creation
Index
0.71.4-0.50.41.21.00.9-

Growth Parameters

Sales 285392251401665763848838
Sales YoY Gr.-37.4%-36.1%60.1%65.8%14.7%11.2%-
Adj EPS 10.217.6-1.26.615.615.317.511.3
YoY Gr.-71.9%-107%NA134.9%-1.4%14%-
BVPS (₹) 59.879.17881.296.4111.8129.1131.2
Adj Net
Profit
30.752.8-3.735.78482.894.459
Cash Flow from Ops. 33.357.290.133104219199-
Debt/CF from Ops. 0.30.10.10000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA16.7%28.3%11.2%
Adj EPS NA-0.1%38.2%14%
BVPSNA10.3%16.7%15.5%
Share Price - - -32.9% -59.5%

Key Financial Parameters

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
13.520.5-1.39.917.514.714.58.6
Op. Profit
Mgn %
28.432.718.930.932.632.232.128.3
Net Profit
Mgn %
10.813.5-1.58.912.610.911.17.1
Debt to
Equity
00000000
Working Cap
Days
0159269214196188166131
Cash Conv.
Cycle
010818014212611511293

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales285392251401665763848
Operating Expenses + 204264203277450517578
Manufacturing Costs30392441646883
Material Costs9413091133217250261
Employee Cost 42626173102130160
Other Costs 38332731676974
Operating Profit 8112847124215246271
Operating Profit Margin (%) 28.4%32.7%18.9%30.9%32.3%32.2%31.9%
Other Income + 653221121725
Exceptional Items 0000000
Interest 12182225314249
Depreciation 3247607287110124
Profit Before Tax 4268-348109110123
Tax 1116012262730
Profit After Tax 3153-436838393
PAT Margin (%) 10.9%13.4%-1.4%8.9%12.5%10.9%11.0%
Adjusted EPS (₹)10.317.5-1.26.615.315.317.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Valuation of Go Fashion (India) - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 228286283438520604697
Share Capital 79797954545454
Reserves 149207204384466550643
Debt +83100000
Long Term Debt0000000
Short Term Debt83100000
Minority Interest0000000
Trade Payables14101118363732
Others Liabilities 151214237295381479520
Total Liabilities 4015145417519371,1191,249

Fixed Assets

Net Fixed Assets +186256260291394527560
Gross Block225312335386514753903
Accumulated Depreciation39567695120227343
CWIP 289971111
Investments 239464622610
Inventories6910681166230216238
Trade Receivables405647607280106
Cash Equivalents 44334010687192238
Others Assets 374759731258887
Total Assets 4015145417519371,1191,249

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 33579033104219199
PBT 4268-348109110123
Adjustment 50623081111136152
Changes in Working Capital -42-5363-85-839-41
Tax Paid -17-20-0-11-32-37-36
Cash Flow From Investing Activity + -5-18-47-58-28-129-76
Capex -26-28-10-20-35-43-40
Net Investments 2016-31-3612-81-49
Others 1-6-6-3-4-413
Cash Flow From Financing Activity + -31-44-3764-84-108-123
Net Proceeds from Shares 000119000
Net Proceeds from Borrowing 0000000
Interest Paid -11-16-20-0-0-0-0
Dividend Paid 0000000
Others -20-27-17-54-84-108-123
Net Cash Flow -3-5539-8-180

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)17.2525.27-1.510.5917.2714.7214.37
ROCE (%)23.0732.866.3819.9329.1827.1526.48
Asset Turnover Ratio0.730.890.510.640.80.770.75
PAT to CFO Conversion(x)1.061.08N/A0.921.252.642.14
Working Capital Days
Receivable Days49.6042.907047.2035.7035.2037.90
Inventory Days86.1078.50127.30108.50106.80103.2092.70
Payable Days53.4034.1042.703945.3053.3047.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *16.3316.3316.3316.3317.3821.3520.3919.9524.1624.16
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Go Fashion (India) Ltd FAQs

The current trading price of Go Fashion (India) on 11-Jun-2026 16:59 is ₹343.7.

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 10-Jun-2026 the market cap of Go Fashion (India) stood at ₹1,807.7 Cr

The latest P/E ratio of Go Fashion (India) as of 10-Jun-2026 is 30.55.

The latest P/B ratio of Go Fashion (India) as of 10-Jun-2026 is 2.62.

The 52-week high of Go Fashion (India) is ₹925.0 and the 52-week low is ₹237.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Go Fashion (India) is ₹838 ( Cr.) .

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 Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Go Fashion (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Go Fashion (India) Ltd

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

  • 2016: The company received ‘Images Retail Award’ for Images most admired retailer of the year - oncept Stores.
  • 2019: The company received ‘Transforming India Retail Award’ for transformational contribution to Indian apparel and retail industry.
  • 2019: The company received ‘Sustaining Enterprise of the Year’ at the TIECON, Chennai.

Major events and milestones

  • 2010: Incorporation of the company.
  • 2011: Opening of first Kiosk in Chennai.
  • 2014: Investment by Sequoia Capital India Investments IV.
  • 2014: Opening of the first store in Chennai.
  • 2018: Investment by India Advantage Fund S4 I.
  • 2020: Crossed the 400th store milestone with presence across 100 Cities.
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: