Gokak Textiles Ltd Stock Analysis

BSE: 532957 | NSE: | Textile | Small Cap

BSE Share Price 28-Nov-2023 18:00
132.13 6.29 (5.00%)

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Gokak Textiles Price Chart

P/E Ratio (SA):
Market Cap:
85.9 Cr.
52-wk low:
52-wk high:
Bole Toh?

1. Is Gokak Textiles Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Gokak Textiles Ltd is a below average quality company.

2. Is Gokak Textiles Ltd undervalued or overvalued?

The key valuation ratios of Gokak Textiles Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Gokak Textiles Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gokak Textiles Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Gokak Textiles:

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.
Gokak Textiles Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

ROCE % -9.3%-16.8%-12.6%-17%-21.8%-22.9%-39.1%-34.9%-33.7%-24.5%-
Value Creation Index -1.7NA-1.9-2.2-2.6NANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 34232920177.617317398.21071207998
YoY Gr. Rt. %--3.9%-38.9%-61.4%123.1%-0%-43.2%8.6%12.5%-34.2%-
Adj EPS -53.2-70.3-82.1-54.3-58.3-56.6-71.1-57.4-51.4-28.223
BVPS (₹) 55.3-17.11.839.529.4-215.6-47.4-341.7-391.4-384.9-395
Adj Net Profit -34.6-45.7-53.3-35.3-37.9-36.8-46.2-37.3-33.4-18.315
Cash Flow from Ops. 0.319.8-39.7-2.3-18.53.7-19.5-4.6-19-11.3-
Debt/CF from Ops. 5688-7.4-46.3-624.7-6.2-29.8-8.9-13.4-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -15%-14.5%-7%-34.2%
Share Price 12.5% 39.2% 96% 344.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % -65.3-203.9-563.6-268.5-169.3-222551.875.639.818.7-5.9
Op. Profit Mgn % -1.1-6.6-15-34.1-11-13.3-31.5-18.6-13.9-27.1-23.9
Net Profit Mgn % -10.1-13.9-26.6-45.5-21.9-21.3-47-35-27.8-23.215.2
Debt to Equity 4.417.8253.
Working Cap Days 15714435036613612518213710013063
Cash Conv. Cycle 572665120443226-4-850

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -6.99%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 8.69%

Latest Financials - Gokak Textiles Ltd.

Standalone Consolidated
TTM EPS (₹) 23 20
TTM Sales (₹ Cr.) 98.2 101
BVPS (₹.) -395 -481.2
Reserves (₹ Cr.) -263 -319
P/BV -0.33 -0.27
PE 5.75 6.62
From the Market
52 Week Low / High (₹) 17.19 / 132.13
All Time Low / High (₹) 8.04 / 189.00
Market Cap (₹ Cr.) 85.9
Equity (₹ Cr.) 6.5
Face Value (₹) 10
Industry PE 41.6

Management X-Ray of Gokak Textiles :

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Key Ratios of Gokak Textiles

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Gokak Textiles Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gokak Textiles on 28-Nov-2023 18:00 is : 132.1.
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 28-Nov-2023 18:00 the market cap of Gokak Textiles stood at ₹ 85.88.
The latest PE ratio of Gokak Textiles as of 28-Nov-2023 18:00 is 5.75.
The latest PB ratio of Gokak Textiles as of 28-Nov-2023 18:00 is -0.33
The 52-week high of Gokak Textiles is ₹ 132.1 and the 52-week low is ₹ 17.19.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Gokak Textiles is ₹ 98.23 ( Cr.) .

About Gokak Textiles Ltd

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.

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