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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Gokaldas Exports Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 11:14 pm

Market Cap 6,303 Cr.
Current Price 882
High / Low1,128/683
Stock P/E48.5
Book Value 273
Dividend Yield0.00 %
ROCE10.8 %
ROE10.3 %
Face Value 5.00
PEG Ratio1.77

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Gokaldas Exports Ltd

Competitors of Gokaldas Exports Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Gokaldas Exports Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales265370241444521585611570519523515500552
Expenses244335223392461508538504456453454453489
Operating Profit21351852597772656370604762
OPM %8%10%7%12%11%13%12%11%12%13%12%9%11%
Other Income33223321397898
Interest591012996667665
Depreciation13131214151817171919192122
Profit before tax616-329395251554851432944
Tax %0%1%0%0%22%-16%22%17%15%7%25%19%30%
Net Profit616-329306139464147332430
EPS in Rs1.413.74-0.596.595.1110.336.517.566.707.795.373.915.02

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0249811,1311,0901,1439301,0311,1751,3711,2111,7902,2222,057
Expenses1,0841,0261,0841,0651,1069621,0551,1131,2851,1091,5851,9511,816
Operating Profit-60-45482537-32-236286101206271241
OPM %-6%-5%4%2%3%-3%-2%5%6%8%11%12%12%
Other Income591691784247153612113133
Interest39384047403637333734402625
Depreciation37342733221816195553597277
Profit before tax-132-108-43653-45-30253027117204171
Tax %-1%-1%-80%2%-15%-5%-3%-2%0%0%-0%15%
Net Profit-132-109-73561-47-31263026117173144
EPS in Rs-38.48-31.81-1.9510.0317.63-13.53-8.875.977.106.1819.8528.5523.77
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)17.42%93.58%600.00%74.29%-177.05%34.04%183.87%15.38%-13.33%350.00%47.86%
Change in YoY Net Profit Growth (%)0.00%76.15%506.42%-525.71%-251.33%211.09%149.83%-168.49%-28.72%363.33%-302.14%

Gokaldas Exports Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:15%
3 Years:25%
TTM:57%
Compounded Profit Growth
10 Years:25%
5 Years:31%
3 Years:65%
TTM:-10%
Stock Price CAGR
10 Years:29%
5 Years:62%
3 Years:46%
1 Year:-7%
Return on Equity
10 Years:10%
5 Years:14%
3 Years:16%
Last Year:10%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:40 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital17171717171721212129303236
Reserves1071061421981521132192052696798561,2601,912
Borrowings317311311343474472381442479193154805576
Other Liabilities202194189177157178188256221310301645562
Total Liabilities6436286597368017818099259901,2111,3422,7413,086
Fixed Assets2031721359697961071722372882801,1361,139
CWIP00221011-011108128141
Investments10000-0-0-03637154344159553
Other Assets4294565226387026857007167167586101,3181,253
Total Assets6436286597368017818099259901,2111,3422,7413,086

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-6640688312255199119117369-177
Cash from Investing Activity +3320-16-8326-140-39-32-52-291-537
Cash from Financing Activity +30-37-374-54-40-57-45-86-43-75753
Net Cash Flow-323154-17-28-615022240

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-60.00-362.00-263.00-286.00-306.00-506.00-495.00-319.00-356.00-378.0013.00117.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days303228278477503854192254
Inventory Days17813014412213212118315315617891194
Days Payable857369665867606052482659
Cash Conversion Cycle122891028415713117413015914987189
Working Capital Days636063471261081037088733773
ROCE %-15%6%8%9%-1%1%10%7%8%18%21%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters24.09%24.09%23.48%20.97%20.97%11.07%11.06%11.05%11.05%10.58%9.42%9.39%
FIIs12.37%11.03%10.97%11.72%14.65%17.22%16.20%16.96%20.46%21.21%26.55%27.02%
DIIs26.24%27.20%25.46%25.93%24.21%31.35%32.31%32.68%31.55%30.03%31.79%33.77%
Public37.30%37.68%40.09%41.39%40.16%40.36%40.44%39.31%36.93%38.18%32.26%29.82%
No. of Shareholders27,65036,91248,86244,59745,73144,31649,68062,45276,07067,06053,28748,570

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund4,103,7790.92342.653,657,0802024-11-2312.21%
SBI Magnum Midcap Fund3,657,0802.31305.353,657,0802024-11-230%
HSBC Small Cap Fund - Regular Plan2,276,0001.65190.033,657,0802024-11-23-37.76%
Aditya Birla Sun Life Small Cap Fund954,7081.7479.713,657,0802024-11-23-73.89%
Aditya Birla Sun Life Equity Advantage Fund587,3110.9849.043,657,0802024-11-23-83.94%
SBI Equity Savings Fund481,0001.3140.163,657,0802024-11-23-86.85%
HSBC Multi Cap Fund312,0001.4626.053,657,0802024-11-23-91.47%
Union Small Cap Fund255,1351.8721.33,657,0802024-11-23-93.02%
WhiteOak Capital Flexi Cap Fund171,9880.614.363,657,0802024-11-23-95.3%
HSBC Business Cycles Fund156,5002.1113.073,657,0802024-11-23-95.72%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)21.5528.6023.086.187.10
Diluted EPS (Rs.)20.5127.2022.145.836.67
Cash EPS (Rs.)34.6740.4029.8518.4419.90
Book Value[Excl.RevalReserv]/Share (Rs.)203.74146.30120.0867.6252.91
Book Value[Incl.RevalReserv]/Share (Rs.)203.74146.30120.0867.6252.91
Revenue From Operations / Share (Rs.)375.32366.83303.56282.25318.79
PBDIT / Share (Rs.)44.8248.8336.6626.5023.84
PBIT / Share (Rs.)30.8236.9926.6614.2411.04
PBT / Share (Rs.)25.0833.7419.846.217.10
Net Profit / Share (Rs.)20.6628.5519.856.187.10
NP After MI And SOA / Share (Rs.)20.6628.5519.856.187.10
PBDIT Margin (%)11.9413.3112.079.397.47
PBIT Margin (%)8.2110.088.785.043.46
PBT Margin (%)6.689.196.532.192.22
Net Profit Margin (%)5.507.786.532.182.22
NP After MI And SOA Margin (%)5.507.786.532.182.22
Return on Networth / Equity (%)10.1419.5116.539.1313.40
Return on Capital Employeed (%)11.3022.4919.1615.2818.13
Return On Assets (%)4.7712.889.662.673.28
Long Term Debt / Equity (X)0.210.010.000.060.00
Total Debt / Equity (X)0.470.040.081.171.73
Asset Turnover Ratio (%)1.171.741.611.251.56
Current Ratio (X)1.372.542.120.940.84
Quick Ratio (X)0.771.701.010.500.41
Inventory Turnover Ratio (X)2.772.902.902.072.53
Dividend Payout Ratio (NP) (%)4.630.000.000.000.00
Dividend Payout Ratio (CP) (%)2.760.000.000.000.00
Earning Retention Ratio (%)95.370.000.000.000.00
Cash Earning Retention Ratio (%)97.240.000.000.000.00
Interest Coverage Ratio (X)7.8211.505.383.302.77
Interest Coverage Ratio (Post Tax) (X)4.607.493.911.771.28
Enterprise Value (Cr.)4979.102165.622435.71658.76517.84
EV / Net Operating Revenue (X)2.090.971.360.540.37
EV / EBITDA (X)17.537.3211.275.795.07
MarketCap / Net Operating Revenue (X)1.890.961.330.270.10
Retention Ratios (%)95.360.000.000.000.00
Price / BV (X)3.472.433.371.160.61
Price / Net Operating Revenue (X)1.890.961.330.270.10
EarningsYield0.020.080.040.070.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Gokaldas Exports Ltd as of November 24, 2024 is: 1,391.05

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 24, 2024, Gokaldas Exports Ltd is Undervalued by 57.72% compared to the current share price 882.00

Intrinsic Value of Gokaldas Exports Ltd as of November 24, 2024 is: 1,771.32

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 24, 2024, Gokaldas Exports Ltd is Undervalued by 100.83% compared to the current share price 882.00

Last 5 Year EPS CAGR: 27.34%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (478.31 cr) compared to borrowings (404.46 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (148.00 cr) and profit (26.46 cr) over the years.
  1. The stock has a low average ROCE of 6.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 75.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 131.08, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Gokaldas Exports Ltd:
    1. Net Profit Margin: 5.5%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.3% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 10.14% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.6
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.77
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 48.5 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.47
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Gokaldas Exports Ltd. is a Public Limited Listed company incorporated on 01/03/2004 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L18101KA2004PLC033475 and registration number is 033475. Currently Company is involved in the business activities of Manufacture of all types of textile garments and clothing accessories. Company’s Total Operating Revenue is Rs. 1789.09 Cr. and Equity Capital is Rs. 29.49 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsNo. 25, Second Cross, Third Main, Bengaluru Karnataka 560022info@gokaldasexports.com
http://www.gokaldasexports.com
Management
NamePosition Held
Mr. Mathew CyriacChairman & Non-Exe.Director
Mr. Sivaramakrishnan GanapathiVice Chairman & Mng.Director
Mr. Sundararajan Poorana SeenivasanExecutive Director
Mr. Prabhat Kumar SinghWhole Time Director
Mr. George VarugheseIndependent Director
Mr. Rama BjiapurkarIndependent Director
Mr. Shivanandan Ashoke DalvieIndependent Director
Mr. Pavitra RajaramIndependent Director

FAQ

What is the latest intrinsic value of Gokaldas Exports Ltd?

The latest intrinsic value of Gokaldas Exports Ltd as on 24 November 2024 is ₹1391.05, which is 57.72% higher than the current market price of ₹882.00.

What is the Market Cap of Gokaldas Exports Ltd?

The Market Cap of Gokaldas Exports Ltd is 6,303 Cr..

What is the current Stock Price of Gokaldas Exports Ltd as on 24 November 2024?

The current stock price of Gokaldas Exports Ltd as on 24 November 2024 is 882.

What is the High / Low of Gokaldas Exports Ltd stocks in FY 2024?

In FY 2024, the High / Low of Gokaldas Exports Ltd stocks is 1,128/683.

What is the Stock P/E of Gokaldas Exports Ltd?

The Stock P/E of Gokaldas Exports Ltd is 48.5.

What is the Book Value of Gokaldas Exports Ltd?

The Book Value of Gokaldas Exports Ltd is 273.

What is the Dividend Yield of Gokaldas Exports Ltd?

The Dividend Yield of Gokaldas Exports Ltd is 0.00 %.

What is the ROCE of Gokaldas Exports Ltd?

The ROCE of Gokaldas Exports Ltd is 10.8 %.

What is the ROE of Gokaldas Exports Ltd?

The ROE of Gokaldas Exports Ltd is 10.3 %.

What is the Face Value of Gokaldas Exports Ltd?

The Face Value of Gokaldas Exports Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Gokaldas Exports Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE