Gokaldas Exports Ltd - Stock Valuation and Financial Performance

BSE: 532630 | NSE: GOKEX | Textile | Small Cap

Gokaldas Exports Share Price

895.35 -1.20 -0.13%
as on 01-Nov'24 18:59

DeciZen - make an informed investing decision on Gokaldas Exports

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Gokaldas Exports stock performance -

mw4me loader
P/E Ratio (SA):
38.71
Market Cap:
6,389.1 Cr.
52-wk low:
683.5
52-wk high:
1,123.8

Is Gokaldas Exports Ltd an attractive stock to invest in?

1. Is Gokaldas Exports Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gokaldas Exports Ltd is a good quality company.

2. Is Gokaldas Exports Ltd undervalued or overvalued?

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

3. Is Gokaldas Exports Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gokaldas Exports 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 Gokaldas Exports:

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.
Gokaldas Exports 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 18.1%17.7%-1.6%1.2%9.5%11.1%9.5%21.9%27.8%18.3%-
Value Creation
Index
0.30.3-1.1-0.9-0.3-0.2-0.30.61.00.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0701,1239151,0311,1731,3681,2091,7892,2212,1392,189
Sales YoY Gr.-4.9%-18.5%12.7%13.8%16.6%-11.6%47.9%24.2%-3.7%-
Adj EPS -5.36.7-16.2-13.99.52.16.317.22825.823.1
YoY Gr.-NA-342.1%NANA-77.7%197.2%174.6%62.4%-7.8%-
BVPS (₹) 45.261.24736.554.850.864.3118.2143.5204.3270.2
Adj Net
Profit
-18.523.3-56.6-48.740.69.126.9102169163165
Cash Flow from Ops. 69.384.411.725.251.397.9118121368130-
Debt/CF from Ops. 4.54.140.618.87.443.10.50.11.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8%12.8%20.9%-3.7%
Adj EPS NA22.2%60.2%-7.8%
BVPS18.2%30.1%47%42.4%
Share Price 30% 59.7% 55.6% 12.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-13.312.6-29.9-33223.910.320.321.114.69.7
Op. Profit
Mgn %
23.3-3.4-2.36.65.48.510.211.811.911.2
Net Profit
Mgn %
-1.72.1-6.2-4.73.50.72.25.77.67.67.5
Debt to
Equity
21.62.93.71.61.81.30.100.1-
Working Cap
Days
13613020022720718421014711614976
Cash Conv.
Cycle
62569610794859876596439

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.94%

Net Profit is growing at healthy rate in last 3 years 60.18%

Return on Equity has declined versus last 3 years average to 9.70%

Sales growth is not so good in last 4 quarters at 3.38%

Latest Financials - Gokaldas Exports Ltd.

Standalone Consolidated
TTM EPS (₹) 23.1 17.6
TTM Sales (₹ Cr.) 2,189 2,796
BVPS (₹.) 270.2 261.9
Reserves (₹ Cr.) 1,896 1,836
P/BV 3.31 3.41
PE 38.71 50.87
From the Market
52 Week Low / High (₹) 683.45 / 1123.75
All Time Low / High (₹) 22.75 / 1123.75
Market Cap (₹ Cr.) 6,389
Equity (₹ Cr.) 35.7
Face Value (₹) 5
Industry PE 29.2

Management X-Ray of Gokaldas Exports:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Gokaldas Exports

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,0701,1239151,0311,1731,3681,2091,7892,2212,139
Operating Expenses 1,0491,0859461,0541,1121,2941,1091,6061,9581,885
Manufacturing Costs31429327875645955898489
Material Costs5465954835375236896038871,177998
Employee Cost 127122108336394467371539619706
Other Costs 6275771071317979927892
Operating Profit 2137-31-236274101183263254
Operating Profit Margin (%) 2.0%3.3%-3.4%-2.3%5.3%5.4%8.3%10.2%11.8%11.9%
Other Income 46283947222912323746
Interest 47393637333734402524
Depreciation 30201716195452587179
Exceptional Items 444500-6200060
Profit Before Tax 3451-46-30253226117210197
Tax 0-1001-10003133
Profit After Tax 3461-46-31263226117178164
PAT Margin (%) 3.2%5.4%-5.1%-3.0%2.2%2.4%2.2%6.5%8.0%7.7%
Adjusted EPS (₹)9.917.4-13.2-8.86.07.66.119.829.525.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%3%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1562131641272352172766978691,295
Share Capital 17171717212121293032
Reserves 1391951471102131962546678391,263
Minority Interest0000000000
Debt289313474472381391339589157
Long Term Debt270000019200
Short Term Debt262313474472381391320569157
Trade Payables1011048098851148611884138
Others Liabilities 98857697122216298341350330
Total Liabilities 6457157947948239389981,2141,3121,919

Fixed Assets

Gross Block420374111130159277385471500548
Accumulated Depreciation295282173552105150189239294
Net Fixed Assets125929495107171235282261254
CWIP 2210110000
Investments 32292920205557174365504
Inventories209194187173258286258433292363
Trade Receivables778021221616214418092136210
Cash Equivalents 702094517111215132186
Others Assets129109228272264269254221238503
Total Assets 6457157947948239389981,2141,3121,919

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 698412255198118121368130
PBT 3451-46-30253226117204197
Adjustment 2254445516288879175
Changes in Working Capital 14311411-2931-70112-101
Tax Paid -2-2-1-1402-13-39-41
Cash Flow From Investing Activity -17-8326-140-39-32-57-283-448
Capex 436-11-12-22-8-34-53-33-51
Net Investments -22-27925-1010-40-817-166147
Others 1159129121010-21-84-543
Cash Flow From Financing Activity -374-54-40-57-44-85-42-85318
Net Proceeds from Shares 110068002934248
Net Proceeds from Borrowing -17-18-300000000
Interest Paid -37-33-36-38-34-29-29-25-10-12
Dividend Paid 000000000-6
Others 175512-2-91-15-57-309-7988
Net Cash Flow 166-16-28-61502211
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)24.7432.86-24.53-21.1914.1514.3210.642422.7815.17
ROCE (%)18.0517.69-1.581.29.4711.119.4921.9227.8218.29
Asset Turnover Ratio1.711.651.221.31.451.551.251.621.761.32
PAT to CFO Conversion(x)2.031.38N/AN/A1.963.064.541.032.070.79
Working Capital Days
Receivable Days30265876594149281929
Inventory Days70657664677382706056
Payable Days72637060645360423141

Gokaldas Exports Ltd Stock News

Gokaldas Exports Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gokaldas Exports on 01-Nov-2024 18:59 is ₹895.4.
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 01-Nov-2024 18:59 the market cap of Gokaldas Exports stood at ₹6,389.1.
The latest P/E ratio of Gokaldas Exports as of 01-Nov-2024 18:59 is 38.71.
The latest P/B ratio of Gokaldas Exports as of 01-Nov-2024 18:59 is 3.31.
The 52-week high of Gokaldas Exports is ₹1,123.8 and the 52-week low is ₹683.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gokaldas Exports is ₹2,189 ( Cr.) .

About Gokaldas Exports Ltd

Gokaldas Exports Limited (GEL) is a leading apparel manufacturer since 1979. The company exports to some of the major fashion brands and retailers across many countries. The company consistently strives to deliver excellence every step of the way.

The company’s world class apparel manufacturing facilities are complemented by integrated ancillary units which provide services such as laundry, embroidery, printing, quilting, and poly wadding. It is one of the largest organized apparel manufacturers in India with a manufacturing capacity of multimillion apparel pieces per annum.

The company has a proud workforce of nearly thousands of people, 80% of whom are women. All the units are certified to international standards for environmental and social compliance. The Company is listed on the Bombay Stock Exchange (BSE) Limited and National Stock Exchange (NSE) Limited.

Business area of the company

The company is engaged in the designing, manufacturing and exporting of a wide range of apparel products ranging from outerwear, activewear and fashion wear for all seasons.

Products

  • High fashion garments
  • Outerwear
  • Industrial workwear
  • Healthcare garments
  • Sportswear

Services offered

  • Laying
  • Cutting
  • Sewing
  • Checking
  • Labs
  • Washing
  • Ironing
  • Finishing
  • Design
  • Embroidery
  • Printing
  • Laser
  • Fusing
  • Scraping
  • Hand Grinding
  • Quilting
  • Polyfill

Milestones

  • 1947: After India’s partition in the year 1947, Jhamandas Hinduja and his two brothers, Naraindas and Devkishendas, moved their Sindh-based silk trading business Gokaldas Harbhagwandas Partners to India.
  • 1979: The business was split among the three brothers, with Jhamandas Hinduja taking the lead of the major successor, Gokaldas Exports. The Company was subsequently run by his three sons, Madanlal, Rajendra, and Dinesh Hinduja, who were involved since its inception.
  • 2005: The Company went public in 2005 and was listed on Indian stock exchanges.
  • 2007: Gokaldas Exports Ltd. crossed the Rs 10 billion sales milestone, a first for an Indian apparel Company. Looking at the growing potential of the textile industry, Blackstone, the global private equity giant, acquired a controlling stake of approximately 70% in the Company.
  • 2007-2017: Under the management and leadership of Blackstone, the Company confronted a changing business environment ushered in by abolition of Multi Fibre Agreement imposed Quotas and a growing apparel business in Bangladesh.
  • 2017: Blackstone steadily reduced its investment in the Company and finally exited from its decadelong investment by selling its stake to another Private Equity firm Clear Wealth Consultancy Services LLP.
  • 2021: Clear Wealth now holds about 33% of the Company, and the Company is listed on BSE and NSE of India. With the COVID-19 pandemic, Gokaldas Exports faced a new kind of challenge, but it turned the crisis into an opportunity and achieved greater market share in the bargain. The journey continues as the Company gears up to take monumental strides.
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