Go Fashion (India) Ltd - Stock Valuation and Financial Performance

BSE: 543401 | NSE: GOCOLORS | Retailing | Small Cap

Go Fashion (India) Share Price

1,164.85 -25.50 -2.14%
as on 12-Nov'24 16:59

DeciZen - make an informed investing decision on Go Fashion (India)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Go Fashion (India) stock performance -

mw4me loader
P/E Ratio (SA):
73.78
Market Cap:
6,325.8 Cr.
52-wk low:
939.1
52-wk high:
1,405

Is Go Fashion (India) Ltd an attractive stock to invest in?

1. Is Go Fashion (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Go Fashion (India) Ltd is a good quality company.

2. Is Go Fashion (India) Ltd undervalued or overvalued?

The key valuation ratios of Go Fashion (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Go Fashion (India) Ltd a good buy now?

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

10 Year X-Ray of Go Fashion (India):

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

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 23.1%32.9%6.4%19.9%29.2%27.2%-
Value Creation
Index
0.71.4-0.50.41.21.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 285392251401665763813
Sales YoY Gr.-37.4%-36.1%60.1%65.8%14.7%-
Adj EPS 10.217.6-1.26.615.615.315.9
YoY Gr.-71.9%-107%NA134.9%-1.4%-
BVPS (₹) 59.879.17881.296.4111.8121
Adj Net
Profit
30.752.8-3.735.78482.886
Cash Flow from Ops. 33.357.290.133104219-
Debt/CF from Ops. 0.30.10.1000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA21.7%44.9%14.7%
Adj EPS NA8.4%NA-1.4%
BVPSNA13.3%12.8%16%
Share Price - - - -5.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
13.520.5-1.39.917.514.713.6
Op. Profit
Mgn %
28.432.718.930.932.632.231.7
Net Profit
Mgn %
10.813.5-1.58.912.610.910.6
Debt to
Equity
0000000
Working Cap
Days
0159269214196194132
Cash Conv.
Cycle
010818014212611598

Recent Performance Summary

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%

Latest Financials - Go Fashion (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 15.9 7.6
TTM Sales (₹ Cr.) 813 285
BVPS (₹.) 121 0
Reserves (₹ Cr.) 600 149
P/BV 9.68 0.00
PE 73.78 153.81
From the Market
52 Week Low / High (₹) 939.05 / 1405.00
All Time Low / High (₹) 861.90 / 1450.00
Market Cap (₹ Cr.) 6,326
Equity (₹ Cr.) 54
Face Value (₹) 10
Industry PE 96.3

Management X-Ray of Go Fashion (India):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *16.3316.3316.3316.3316.3316.3316.3316.3316.3316.33
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Go Fashion (India)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales285392251401665763
Operating Expenses 204264203277450517
Manufacturing Costs303924416469
Material Costs9413091133217250
Employee Cost 42626173102130
Other Costs 383327316768
Operating Profit 8112847124215246
Operating Profit Margin (%) 28.4%32.7%18.9%30.9%32.3%32.2%
Other Income 6532211217
Interest 121822253142
Depreciation 3247607287110
Exceptional Items 000000
Profit Before Tax 4268-348109110
Tax 11160122627
Profit After Tax 3153-4368383
PAT Margin (%) 10.8%13.4%-1.4%8.9%12.4%10.9%
Adjusted EPS (₹)10.317.5-1.26.615.315.3
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 228286283438520604
Share Capital 797979545454
Reserves 149207204384466550
Minority Interest000000
Debt8310000
Long Term Debt000000
Short Term Debt8310000
Trade Payables141011183637
Others Liabilities 151214237295381508
Total Liabilities 4015145417519371,149

Fixed Assets

Gross Block225312335386514753
Accumulated Depreciation39567695120227
Net Fixed Assets186256260291394527
CWIP 2899711
Investments 2394646226
Inventories6910681166230216
Trade Receivables405647607279
Cash Equivalents 44334010687192
Others Assets37475973125118
Total Assets 4015145417519371,149

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 33579033104219
PBT 4268-348109110
Adjustment 50623081111136
Changes in Working Capital -42-5363-85-839
Tax Paid -17-200-11-32-37
Cash Flow From Investing Activity -5-18-47-58-28-73
Capex -26-28-10-20-35-43
Net Investments 2016-31-3612-25
Others 1-6-6-3-4-4
Cash Flow From Financing Activity -31-44-3764-84-108
Net Proceeds from Shares 00011900
Net Proceeds from Borrowing 000000
Interest Paid -11-16-20000
Dividend Paid 000000
Others -20-27-17-54-84-108
Net Cash Flow -3-5539-838
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)17.2525.27-1.510.5917.2714.72
ROCE (%)23.0732.866.3819.9329.1827.15
Asset Turnover Ratio0.730.890.510.640.80.76
PAT to CFO Conversion(x)1.061.08N/A0.921.252.64
Working Capital Days
Receivable Days504370473635
Inventory Days8679127109107103
Payable Days533443394553

Go Fashion (India) Ltd Stock News

Go Fashion (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Go Fashion (India) on 12-Nov-2024 16:59 is ₹1,164.9.
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 12-Nov-2024 16:59 the market cap of Go Fashion (India) stood at ₹6,325.8.
The latest P/E ratio of Go Fashion (India) as of 12-Nov-2024 16:59 is 73.78.
The latest P/B ratio of Go Fashion (India) as of 12-Nov-2024 16:59 is 9.68.
The 52-week high of Go Fashion (India) is ₹1,405 and the 52-week low is ₹939.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Go Fashion (India) is ₹812.5 ( Cr.) .

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.
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