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

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

Go Fashion (India) Share Price

1,155.15 -9.60 -0.82%
as on 12-Apr'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):
73.83
Market Cap:
6,238.9 Cr.
52-wk low:
981.3
52-wk high:
1,404

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'23TTM
ROCE % 16.6%24.9%4%14.6%22.1%-
Value Creation
Index
0.20.8-0.70.00.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 285392251401665739
Sales YoY Gr.-37.4%-36.1%60.1%65.8%-
Adj EPS 10.217.6-1.26.615.615.7
YoY Gr.-71.9%-107%NA134.9%-
BVPS (₹) 59.879.17881.296.4109.2
Adj Net
Profit
30.752.8-3.735.78485
Cash Flow from Ops. 33.357.290.133104-
Debt/CF from Ops. 0.30.10.100-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA19.3%65.8%
Adj EPS NANA-4%134.9%
BVPSNANA6.8%18.7%
Share Price - - - 14.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.520.5-1.39.917.515.2
Op. Profit
Mgn %
28.432.718.930.932.632.2
Net Profit
Mgn %
10.813.5-1.58.912.611.4
Debt to
Equity
00000-
Working Cap
Days
0159269214196124
Cash Conv.
Cycle
010818014212892

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.20%

Sales growth is growing at healthy rate in last 3 years 19.28%

Sales growth is good in last 4 quarters at 20.17%

Net Profit has been subdued in last 3 years -4.04%

Latest Financials - Go Fashion (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 15.7 7.6
TTM Sales (₹ Cr.) 739 285
BVPS (₹.) 109.2 0
Reserves (₹ Cr.) 536 149
P/BV 10.58 0.00
PE 73.83 151.70
From the Market
52 Week Low / High (₹) 981.30 / 1403.95
All Time Low / High (₹) 861.90 / 1450.00
Market Cap (₹ Cr.) 6,239
Equity (₹ Cr.) 54
Face Value (₹) 10
Industry PE 111.5

Management X-Ray of Go Fashion (India):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.0011.6516.3316.3316.3316.3316.3316.3316.33
* 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'23
Sales285392251401665
Operating Expenses 204264203277450
Manufacturing Costs3039244164
Material Costs9413091133217
Employee Cost 42626173103
Other Costs 3833273167
Operating Profit 8112847124215
Operating Profit Margin (%) 28.4%32.7%18.9%30.9%32.3%
Other Income 65322112
Interest 1218222531
Depreciation 3247607287
Exceptional Items 00000
Profit Before Tax 4268-348109
Tax 111601226
Profit After Tax 3153-43683
PAT Margin (%) 10.8%13.4%-1.4%8.9%12.4%
Adjusted EPS (₹)10.317.5-1.26.615.3
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 228286283438520
Share Capital 7979795454
Reserves 149207204384466
Minority Interest00000
Debt831000
Long Term Debt00000
Short Term Debt831000
Trade Payables1410111830
Others Liabilities 151214237295386
Total Liabilities 401514541751937

Fixed Assets

Gross Block225312335386514
Accumulated Depreciation39567695120
Net Fixed Assets186256260291394
CWIP 28997
Investments 239464622
Inventories6910681166230
Trade Receivables4056476072
Cash Equivalents 44334010687
Others Assets37475973124
Total Assets 401514541751937

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 33579033104
PBT 4268-348109
Adjustment 50623081115
Changes in Working Capital -42-5363-85-87
Tax Paid -17-200-11-32
Cash Flow From Investing Activity -5-18-47-58-28
Capex -26-28-10-20-35
Net Investments 2016-31-3612
Others 1-6-6-3-4
Cash Flow From Financing Activity -31-44-3764-84
Net Proceeds from Shares 0001190
Net Proceeds from Borrowing 00000
Interest Paid -11-16-2000
Dividend Paid 00000
Others -20-27-17-54-84
Net Cash Flow -3-5539-8
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.2525.27-1.510.5917.27
ROCE (%)23.0732.866.3819.9329.18
Asset Turnover Ratio0.730.890.510.640.8
PAT to CFO Conversion(x)1.061.08N/A0.921.25
Working Capital Days
Receivable Days5043704736
Inventory Days8679127109107
Payable Days5334433940

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-Apr-2024 16:59 is ₹1,155.2.
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-Apr-2024 16:59 the market cap of Go Fashion (India) stood at ₹6,238.9.
The latest P/E ratio of Go Fashion (India) as of 12-Apr-2024 16:59 is 73.83.
The latest P/B ratio of Go Fashion (India) as of 12-Apr-2024 16:59 is 10.58.
The 52-week high of Go Fashion (India) is ₹1,404 and the 52-week low is ₹981.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Go Fashion (India) is ₹738.7 ( 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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