Gokaldas Exports Ltd Stock Analysis

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

BSE Share Price Jan 25, 18:01
381.65 12.70 (3.44%)

DeciZen - Make an Informed Decision on Gokaldas Exports

Overall Rating
See How?

1. Quality

2. Valuation

Overvalued
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

FAQ's

1. Is Gokaldas Exports Ltd a good quality company?

Data is not available for this 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.

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % -15.3%-17%7.8%3.2%10%-6.1%-3.6%10.4%5.6%8%-
Value Creation Index -2.1-2.2-0.5-0.8-0.3-1.4-1.3-0.3-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 1,0029701,1121,0701,1239151,0311,1731,3681,2091,574
YoY Gr. Rt. %--3.2%14.7%-3.8%4.9%-18.5%12.7%13.8%16.6%-11.6%-
Adj EPS -34.2-30.61.7-5.36.7-17.7-13.99.52.16.312.2
YoY Gr. Rt. %-NANA-416%NA-363.9%NANA-77.7%197.2%-
BVPS (₹) 66.335.535.345.261.247.436.554.850.864.3110.1
Adj Net Profit -117-1055.8-18.523.3-61.7-48.740.69.126.972
Cash Flow from Ops. 110-62.836.969.384.411.725.251.397.9118-
Debt/CF from Ops. 2.3-5.18.44.54.140.618.87.443.1-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 2.1%1.5%5.5%-11.6%
Adj EPS NA-1.3%NA197.2%
BVPS -0.3120.826.7
Share Price 16.9% 41.5% 76.1% 339.9%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -39.3-604.8-13.312.6-32.6-33223.910.313.9
Op. Profit Mgn % -4.3-3.76.423.3-3.4-2.36.65.48.58.9
Net Profit Mgn % -11.7-10.80.5-1.72.1-6.8-4.73.50.72.24.6
Debt to Equity 1.12.62.621.62.93.71.61.81.3-
Working Cap Days 1341241251361302002282091842100
Cash Conv. Cycle 8569616256961079485940

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.90%

Debt to equity has declined versus last 3 years average to 1.32

Sales growth is good in last 4 quarters at 33.22%

Sales growth has been subdued in last 3 years 5.46%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Gokaldas Exports Ltd.

Standalone Consolidated
TTM EPS (₹) 12.2 12.2
TTM Sales (₹ Cr.) 1,574 1,575
BVPS (₹.) 110.1 109.9
Reserves (₹ Cr.) 620 619
P/BV 3.47 3.48
PE 31.42 31.21
From the Market
52 Week Low / High (₹) 73.05 / 413.80
All Time Low / High (₹) 22.75 / 413.80
Market Cap (₹ Cr.) 2,252
Equity (₹ Cr.) 29.5
Face Value (₹) 5
Industry PE 13.5

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

Analyst's Notes

News

About Gokaldas Exports Ltd

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.

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