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Gokak Textiles Ltd. Stock Analysis

Small Cap
Evaluated by 62 users | BSE: 532957 | NSE: |
Textile
Gokak Textiles Limited was incorporated on March 27, 2006 as ANZ Textiles (Bangalore) Ltd. The name of the company was changed to Gokak Textiles Limited, with effect from January 23, 2007.The Forbes Group is a multidivisional group with interests in shipping, engineering, global logistics...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Sep'12Sep'13Sep'14Sep'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 4.97%7.85%-7.3%-0.14%-9.34%-16.83%-12.61%-17%-21.82%-22.93%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 30539432035834232920177.6173173
Y-o-Y Gr. Rt.-29.2%-18.9%11.8%-4.5%-3.9%-38.9%-61.4%123.1%-0%
Adjusted EPS (Rs.) -8.216.47-46.74-22.93-53.22-70.29-82.06-54.25-58.3-56.59
Y-o-Y Gr. Rt.-NA-822.4%NANANANANANANA
Book Value per Share (Rs.) 85.72100.1486.74107.7855.27-17.11.7839.5129.3621.63
Adjusted Net Profit -5.34.2-30.4-14.9-34.6-45.7-53.3-35.3-37.9-36.8
Net Op. Cash Flow (Rs. Cr.) -2.721.321.523.60.319.8-39.7-2.3-18.53.7
Debt to Cash Flow from Ops -76.210.434.265.71567.988.01-7.39-46.31-6.0124.69
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Gokak Textiles Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -6.1%-12.7%-4.9%-0
Adjusted EPS NANANANA
Book Value per Share -14.2-17.1129.9-26.3
Share Price -11.4% -21.7% -24.5% 56.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Sep'12Sep'13Sep'14Sep'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -9.256.96-60.9-19.28-65.28-203.91-563.61-268.52-169.28-221.95
Operating Profit Margin (%) 3.949.25-4.012.97-1.08-6.57-15.01-34.08-11.03-13.32
Net Profit Margin (%) -1.751.07-9.49-4.16-10.12-13.91-26.55-45.45-21.89-21.26
Debt to Equity 3.733.421.631.924.3817.81253.264.065.846.43
Working Capital Days 165149114133157144350366136125
Cash Conversion Cycle 939066605726651204432
Entity Percentage Holding
Promoters 73.56%
Institutions 8.65%
Non-Institutions 17.80%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Gokak Textiles Ltd.'s performance infers:

Gokak Textiles Ltd. earnings have grown by 0%, whereas share price has depreciated -21.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Gokak Textiles Ltd. share prices over the last 10 years. Here is what we found out:

Gokak Textiles Ltd. share price has depreciated -14.6% annually over the past ten years.

Gokak Textiles Limited was incorporated on March 27, 2006 as ANZ Textiles (Bangalore) Ltd. The name of the company was changed to Gokak Textiles Limited, with effect from January 23, 2007.

The Forbes Group is a multidivisional group with interests in shipping, engineering, global logistics management, travel services, consumer durables, office automation (Bradma Of India Ltd.) and various others, textiles being the Core Business of the Company. With interests in Manufacturing, Trading and

Gokak Textiles Limited was incorporated on March 27, 2006 as ANZ Textiles (Bangalore) Ltd. The name of the company was changed to Gokak Textiles Limited, with effect from January 23, 2007.

The Forbes Group is a multidivisional group with interests in shipping, engineering, global logistics management, travel services, consumer durables, office automation (Bradma Of India Ltd.) and various others, textiles being the Core Business of the Company. With interests in Manufacturing, Trading and Services, Forbes is working towards becoming a WTO compliant group, to take the advantages that the global market place will have to offer.

Textile Undertaking of Forbes Gokak Limited (known as Forbes & Company Limited) with effect from October 25, 2007 included a Yarn Manufacturing Unit at Gokak Falls and Knitwear Manufacturing Unit at Marihal, both in Belgaum Dist., Karnataka State. By a process of Demerger, under the provisions of the Companies Act and with the approval of High Court, Bombay and High Court of Judicature in Karnataka at Bangalore, was demerged into Gokak Textiles Limited. Prior to the demerger, the Company was a dormant Company. The demerger became effective from April 1, 2007.

As per the Demerger Scheme, Shareholders of Forbes Gokak Ltd. were allotted one share of Gokak Textiles Limited for every two shares held by them in Forbes Gokak Limited, on September 28, 2007, by way of additional entitlement (and not in lieu of their shareholding).

The aggregate paid-up share capital of the company is 64,99,308 shares of face value of Rs.10 each i.e. Rs.6.50 crores. The shares are listed on the Stock Exchange Mumbai, with effect from  March 19, 2008.

Business area of the company:

The company’s principal activity is to manufacture and distribute textile products.

Its products include yarn, blended Yarn, Cotton canvas, fabric, terry towel, knitted garments and other related products.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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