Gokaldas Exports Ltd Stock Analysis

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

BSE Share Price 02-Dec-2022 18:01
388.15 -4.15 (-1.06%)

DeciZen - Make an Informed Decision on Gokaldas Exports

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Gokaldas Exports Price Chart

P/E Ratio (SA) :
13.24
Market Cap :
2,351.3 Cr.
52-wk low :
259.6
52-wk high :
519.6
Bole Toh?

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 average 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 Weak which suggest that the price of Gokaldas Exports 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 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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -17%7.8%3.2%10%-6.1%-3.6%10.4%5.6%8%18.1%-
Value Creation Index -2.2-0.5-0.8-0.3-1.4-1.3-0.3-0.6-0.40.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9701,1121,0701,1239151,0311,1731,3681,2091,7892,284
YoY Gr. Rt. %-14.7%-3.8%4.9%-18.5%12.7%13.8%16.6%-11.6%47.9%-
Adj EPS -30.61.7-5.36.7-17.7-13.99.52.16.317.229.3
YoY Gr. Rt. %-NA-416%NA-363.9%NANA-77.7%197.2%174.6%-
BVPS (₹) 35.535.345.261.247.436.554.850.864.3118.2124.4
Adj Net Profit -1055.8-18.523.3-61.7-48.740.69.126.9102178
Cash Flow from Ops. -62.836.969.384.411.725.251.397.9118121-
Debt/CF from Ops. -5.18.44.54.140.618.87.443.10.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7%14.4%15.1%47.9%
Adj EPS NANA22.1%174.6%
BVPS 14.320.129.283.8
Share Price 19.9% 27.3% 71.1% 40%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -604.8-13.312.6-32.6-33223.910.320.324.2
Op. Profit Mgn % -3.76.423.3-3.4-2.36.65.48.510.211.2
Net Profit Mgn % -10.80.5-1.72.1-6.8-4.73.50.72.25.77.8
Debt to Equity 2.62.621.62.93.71.61.81.30.10
Working Cap Days 124125136130200228209184210147133
Cash Conv. Cycle 69616256961079485987668

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.20%

Sales growth is growing at healthy rate in last 3 years 15.10%

Net Profit is growing at healthy rate in last 3 years 22.06%

Sales growth is good in last 4 quarters at 84.19%

No data to display

Latest Financials - Gokaldas Exports Ltd.

Standalone Consolidated
TTM EPS (₹) 29.3 29.1
TTM Sales (₹ Cr.) 2,284 2,286
BVPS (₹.) 124.4 123.8
Reserves (₹ Cr.) 723 720
P/BV 3.12 3.14
PE 13.24 13.37
From the Market
52 Week Low / High (₹) 259.55 / 519.55
All Time Low / High (₹) 22.75 / 519.55
Market Cap (₹ Cr.) 2,351
Equity (₹ Cr.) 30.3
Face Value (₹) 5
Industry PE 24.2

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 (%)

News

Gokaldas Exports Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gokaldas Exports on 02-Dec-2022 18:01 is : 388.1.
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 02-Dec-2022 18:01 the market cap of Gokaldas Exports stood at ₹ 2,351.3.
The latest PE ratio of Gokaldas Exports as of 02-Dec-2022 18:01 is 13.24.
The latest PB ratio of Gokaldas Exports as of 02-Dec-2022 18:01 is 3.12
The 52-week high of Gokaldas Exports is ₹ 519.5 and the 52-week low is ₹ 259.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Gokaldas Exports is ₹ 2,284 ( 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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