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Gokaldas Exports Ltd Stock Analysis

Small Cap
Evaluated by 476 users | BSE: 532630 | NSE: GOKEX |
Textile
Gokaldas Exports, incorporated in 1995, is the largest exporter of garments in India. The company manufactures blazers and pants (formal and casuals), shorts, shirts, blouses, denim wear, swim wear, active and sports wear. The company has received ISO 9001:2000 certification for its quality...

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -9.25%-15.33%-17.02%7.75%3.18%9.95%-6.07%-3.63%10.4%5.59%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,1431,0029701,1121,0701,1239151,0311,1731,362
Y-o-Y Gr. Rt.--12.3%-3.2%14.7%-3.8%4.9%-18.5%12.7%13.8%16.1%
Adjusted EPS (Rs.) -27.46-34.16-30.561.69-5.346.7-17.68-13.949.472.11
Y-o-Y Gr. Rt.-NANANA-416%NA-363.9%NANA-77.7%
Book Value per Share (Rs.) 107.4466.2535.5335.2945.2361.1847.3836.4554.8350.75
Adjusted Net Profit -94.4-117-1055.8-18.523.3-61.7-48.740.69.1
Net Op. Cash Flow (Rs. Cr.) 86.6110-62.836.969.384.411.725.251.395.9
Debt to Cash Flow from Ops 3.652.34-5.058.444.494.0740.5818.777.434.08
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.
Gokaldas Exports Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 2%4.9%14.2%16.1%
Adjusted EPS NANANA-77.7%
Book Value per Share -82.32.3-7.4
Share Price -0.6% 4.8% -11.6% 4.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -22.76-39.34-60.044.77-13.312.62-32.64-32.9821.953.86
Operating Profit Margin (%) -2.71-4.25-3.726.3523.32-3.42-2.256.65.03
Net Profit Margin (%) -8.26-11.72-10.830.52-1.732.07-6.75-4.733.460.66
Debt to Equity 0.861.142.592.561.991.612.873.711.621.8
Working Capital Days 168134124125136130200228209185
Cash Conversion Cycle 1158569616256961079485
Entity Percentage Holding
Promoters 33.17%
Institutions 12.07%
Non-Institutions 54.76%
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 Gokaldas Exports Ltd's performance infers:

Gokaldas Exports Ltd earnings have grown by 0%, whereas share price has appreciated 4.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

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

Gokaldas Exports Ltd share price has appreciated -4.2% annually over the past ten years.

Gokaldas Exports, incorporated in 1995, is the largest exporter of garments in India. The company manufactures blazers and pants (formal and casuals), shorts, shirts, blouses, denim wear, swim wear, active and sports wear.

The company has received ISO 9001:2000 certification for its quality management.

Manufacturing facilities

Gokaldas Exports' manufacturing units are located at

Gokaldas Exports, incorporated in 1995, is the largest exporter of garments in India. The company manufactures blazers and pants (formal and casuals), shorts, shirts, blouses, denim wear, swim wear, active and sports wear.

The company has received ISO 9001:2000 certification for its quality management.

Manufacturing facilities

Gokaldas Exports' manufacturing units are located at Bangalore. The units are well equipped with 48 manufacturing factories.

These units have a production capacity of 2.5 million garments a month and the company exports the same. It also has a state-of-the-art laundry fully equipped with automatic machinery and a processing capacity of over 100,000 garments a day.

The company’s Polyfill manufacturing plant has a production capacity of over 400,000 yards per month of polyfill per day ranging between 40-360gsm

GEL’s quilting unit has a processing capacity of over 500,000 yards per month a day. Its printing unit, installed with spider printing machines and printing tables, has a capacity to print upto 50,000 to 70,000 garments per day. 

Its embroidery unit installed with 42 multi-head embroidery machines produces appliquesm badges, simple and complex embroideries fulfilling a requirement a more than 50,000 pieces per day.

The company’s label manufacturing units has production capacity of 1,00,000 labels a day. The knits manufacturing unit produces 500,000 pieces per month.

GEL also operates an in-house design facility that focuses on creating and developing new collection of garments according the seasons.

The company also operates retail chain of garment under the brand name 'The Wearhouse'. These outlets are located in Banglore, Chennai, Hyderabad and Coimbatore.

The company has strategic alliances with various fashion giants namely Nike, Mexx, Mustang, Greg Norman, Reebok, Oxbow, Old Navy, Banana Republic, Levis, Dockers, Macy’s Merchandising Group, Diesel and Puma are amongst others.

The company owns subsidiaries namely All Colour Garments, Deejay Trading, Glamourwear Apparels, Madhin Trading, Magenta Trading, Rafter Trading, Rajdin Apparels, Reflexion Trading, Rishikesh Apparels, Seven Hills Clothing, SNS Clothing, Vignesh Apparels and Robot Systems

Awards

The company was awarded by Apparel Export Promotion Council for its achievement award for outstanding export performance.   

Gokaldas Exports received award from Nike for achieving an on-time delivery performance of 99%.

Outlook

Gokaldas Exports plans to undertake various strategic initiatives to widen its product portfolio as well as global presence.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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