Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
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
₹342.35 16.30 (5.00%)
As on 07-Sep'26 10:24
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
₹342.35 16.30 (5.00%)
As on 07-Sep'26 10:24
Key Metrics
Valuation Multiples
Market Cap
₹1,715 Cr.
Current Price
₹342.4
52-Week Low / High
₹237 / 759
TTM EPS
₹10.2
TTM Sales
₹838 Cr.
Book Value per Share
₹134.4
P/E Ratio
32.11
Lower than its 5-year historical median
Industry PE
63.7
Price to Book (P/B)
2.43
Lower than its 5-year historical median
Price to Sales (P/S)
2.05
Lower than its 5-year historical median
EV/EBITDA
6.04
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
8.53%
Outperforms industry median
Return on Capital Employed (ROCE)
18.83%
Outperforms industry median
Return on Assets (ROA)
4.72%
Operating Profit Margin
28.8%
Net Profit Margin
7.06%
Gross Profit Margin
23.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-1.2%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-11.55%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-36.71%
Asset Quality
Promoter Holding
55.45%
Pledged shares (%) of Promoter's holding (%)
7.56%
Reserves
₹654 Cr.
Equity
₹52.6 Cr.
Face Value
₹10
All Time Low / High
₹237.25 / 1450.00
Check Before You Invest
Quality
Very GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
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?
Revenue growth of Go Fashion (India) Ltd vs industry peers?
Go Fashion (India) Ltd revenue CAGR is 27.30%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Go Fashion (India) Ltd?
Promoters hold 55.45% of the Go Fashion (India) Ltd, with 7.56% of their stake pledged, indicating low pledge risk.
Stock return of Go Fashion (India) Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -38.12% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 23.1% | 32.9% | 6.4% | 19.9% | 29.2% | 27.2% | 26.5% | 18.8% | - |
| Value Creation Index ⓘ | 0.7 | 1.4 | -0.5 | 0.4 | 1.2 | 1.0 | 0.9 | 0.4 | - |
Growth Parameters ⓘ |
|||||||||
| Sales ⓘ | 285 | 392 | 251 | 401 | 665 | 763 | 848 | 838 | 838 |
| Sales YoY Gr. | - | 37.4% | -36.1% | 60.1% | 65.8% | 14.7% | 11.2% | -1.2% | - |
| Adj EPS ⓘ | 10.2 | 17.6 | -1.2 | 6.6 | 15.6 | 15.3 | 17.5 | 11.5 | 10.2 |
| YoY Gr. | - | 71.9% | -107% | NA | 134.9% | -1.4% | 14% | -34.3% | - |
| BVPS (₹) ⓘ | 59.8 | 79.1 | 78 | 81.2 | 96.4 | 111.8 | 129.1 | 131.2 | 134.4 |
| Adj Net Profit ⓘ | 30.7 | 52.8 | -3.7 | 35.7 | 84 | 82.8 | 94.4 | 60.5 | 53 |
| Cash Flow from Ops. ⓘ | 33.3 | 57.2 | 90.1 | 33 | 104 | 219 | 199 | 165 | - |
| Debt/CF from Ops. ⓘ | 0.3 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 27.3% | 8% | -1.2% | ||||
| Adj EPS ⓘ | NA | NA | -9.6% | -34.3% | ||||
| BVPSⓘ | NA | 11% | 10.9% | 1.6% | ||||
| Share Price | - | - | -37.3% | -53.1% | ||||
Key Financial Parameters ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.5 | 20.5 | -1.3 | 9.9 | 17.5 | 14.7 | 14.5 | 8.7 | 7.6 |
| Op. Profit Mgn % ⓘ | 28.4 | 32.7 | 18.9 | 30.9 | 32.6 | 32.2 | 32.1 | 28.8 | 27.4 |
| Net Profit Mgn % ⓘ | 10.8 | 13.5 | -1.5 | 8.9 | 12.6 | 10.9 | 11.1 | 7.2 | 6.4 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 159 | 269 | 214 | 196 | 188 | 166 | 191 | 131 |
| Cash Conv. Cycle ⓘ | 0 | 108 | 180 | 142 | 126 | 115 | 112 | 132 | 93 |
Valuation of Go Fashion (India) - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 16.33 | 16.33 | 16.33 | 17.38 | 21.35 | 20.39 | 19.95 | 24.16 | 24.16 | 7.56 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Sales | 285 | 392 | 251 | 401 | 665 | 763 | 848 | 838 |
| Operating Expenses ⓘ + | 204 | 264 | 203 | 277 | 450 | 517 | 578 | 599 |
| Operating Profit ⓘ | 81 | 128 | 47 | 124 | 215 | 246 | 271 | 239 |
| Operating Profit Margin (%) | 28.4% | 32.7% | 18.9% | 30.9% | 32.3% | 32.2% | 31.9% | 28.6% |
| Other Income ⓘ + | 6 | 5 | 32 | 21 | 12 | 17 | 25 | 26 |
| Interest ⓘ | 12 | 18 | 22 | 25 | 31 | 42 | 49 | 52 |
| Depreciation ⓘ | 32 | 47 | 60 | 72 | 87 | 110 | 124 | 135 |
| Profit Before Tax ⓘ | 42 | 68 | -3 | 48 | 109 | 110 | 123 | 79 |
| Tax ⓘ | 11 | 16 | 0 | 12 | 26 | 27 | 30 | 20 |
| Profit After Tax | 31 | 53 | -4 | 36 | 83 | 83 | 93 | 59 |
| PAT Margin (%) | 10.9% | 13.4% | -1.4% | 8.9% | 12.5% | 10.9% | 11.0% | 7.1% |
| Adjusted EPS (₹) | 10.3 | 17.5 | -1.2 | 6.6 | 15.3 | 15.3 | 17.3 | 11.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 228 | 286 | 283 | 438 | 520 | 604 | 697 | 690 | |||
| Debt + | 8 | 3 | 10 | 0 | 0 | 0 | 0 | 0 | |||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Trade Payables | 14 | 10 | 11 | 18 | 36 | 37 | 32 | 25 | |||
| Others Liabilities ⓘ | 151 | 214 | 237 | 295 | 381 | 479 | 520 | 545 | |||
| Total Liabilities ⓘ | 401 | 514 | 541 | 751 | 937 | 1,119 | 1,249 | 1,260 | |||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 186 | 256 | 260 | 291 | 394 | 527 | 560 | 584 | |||
| CWIP ⓘ | 2 | 8 | 9 | 9 | 7 | 11 | 11 | 8 | |||
| Investments ⓘ | 23 | 9 | 46 | 46 | 22 | 6 | 10 | 3 | |||
| Inventories | 69 | 106 | 81 | 166 | 230 | 216 | 238 | 269 | |||
| Trade Receivables | 40 | 56 | 47 | 60 | 72 | 80 | 106 | 106 | |||
| Cash Equivalents | 44 | 33 | 40 | 106 | 87 | 192 | 238 | 155 | |||
| Others Assets ⓘ | 37 | 47 | 59 | 73 | 125 | 88 | 87 | 135 | |||
| Total Assets ⓘ | 401 | 514 | 541 | 751 | 937 | 1,119 | 1,249 | 1,260 | |||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 33 | 57 | 90 | 33 | 104 | 219 | 199 | 165 |
| Cash Flow From Investing Activity ⓘ + | -5 | -18 | -47 | -58 | -28 | -129 | -76 | 38 |
| Cash Flow From Financing Activity ⓘ + | -31 | -44 | -37 | 64 | -84 | -108 | -123 | -206 |
| Net Cash Flow ⓘ | -3 | -5 | 5 | 39 | -8 | -18 | 0 | -3 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.25 | 25.27 | -1.5 | 10.59 | 17.27 | 14.72 | 14.37 | 8.53 | ||
| ROCE (%) | 23.07 | 32.86 | 6.38 | 19.93 | 29.18 | 27.15 | 26.48 | 18.83 | ||
| Asset Turnover Ratio | 0.73 | 0.89 | 0.51 | 0.64 | 0.8 | 0.77 | 0.75 | 0.72 | ||
| PAT to CFO Conversion(x) | 1.06 | 1.08 | N/A | 0.92 | 1.25 | 2.64 | 2.14 | 2.8 | ||
| Working Capital Days | ||||||||||
| Receivable Days | 49.60 | 42.90 | 70 | 47.20 | 35.70 | 35.20 | 37.90 | 42.90 | ||
| Inventory Days | 86.10 | 78.50 | 127.30 | 108.50 | 106.80 | 103.20 | 92.70 | 102.80 | ||
| Payable Days | 53.40 | 34.10 | 42.70 | 39 | 45.30 | 53.30 | 47.80 | 40.40 | ||
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Go Fashion (India) Ltd FAQs
The current trading price of Go Fashion (India) on 07-Sep-2026 10:24 is ₹342.4.
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 06-Sep-2026 the market cap of Go Fashion (India) stood at ₹1,714.9 Cr
The latest P/E ratio of Go Fashion (India) as of 06-Sep-2026 is 32.11.
The latest P/B ratio of Go Fashion (India) as of 06-Sep-2026 is 2.43.
The 52-week high of Go Fashion (India) is ₹759.3 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 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.
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.
You have 48 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
