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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Gokaldas Exports Ltd

About the Company - Gokaldas Exports Ltd

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. Richard B SaldanhaChairman(NonExe.&Ind.Director)
Mr. Sivaramakrishnan GanapathiManaging Director
Mr. Prabhat Kumar SinghWhole Time Director
Ms. Anuradha SharmaInd. Non-Executive Director
Mr. Gautham MadhavanNon Executive Director
Mr. Mathew CyriacNon Executive Director

Gokaldas Exports Ltd. Share Price Update

Share PriceValue
Today₹868.15
Previous Day₹876.30

Basic Stock Data of Gokaldas Exports Ltd

Market Cap 5,107 Cr.
Current Price 842
High / Low1,023/340
Stock P/E38.2
Book Value 159
Dividend Yield0.12 %
ROCE21.4 %
ROE19.6 %
Face Value 5.00

Data Source: screener.in

Gokaldas Exports Ltd Quarterly Results

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

Gokaldas Exports Ltd Quarterly Chart

Gokaldas Exports Ltd Profit & Loss

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%

Gokaldas Exports Ltd Profit & Loss Yearly Chart

Gokaldas Exports Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:17%
3 Years:17%
TTM:-9%
Compounded Profit Growth
10 Years:13%
5 Years:48%
3 Years:160%
TTM:-26%
Stock Price CAGR
10 Years:32%
5 Years:66%
3 Years:126%
1 Year:152%
Return on Equity
10 Years:9%
5 Years:17%
3 Years:19%
Last Year:20%

Gokaldas Exports Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17171717171717212121293030
Reserves210107106142198152113219205269679856933
Borrowings259317311311343474472381442479193154142
Other Liabilities131202194189177157178188256221310301308
Total Liabilities6176436286597368017818099259901,2111,3421,414
Fixed Assets224203172135969796107172237288280342
CWIP500221011-011108101
Investments2410000-0-0-03637154344487
Other Assets364429456522638702685700716716758610483
Total Assets6176436286597368017818099259901,2111,3421,414

Gokaldas Exports Ltd Reserves and Borrowings Chart

Gokaldas Exports Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 112-6640688312255199119117369
Cash from Investing Activity -403320-16-8326-140-39-32-52-291
Cash from Financing Activity -8130-37-374-54-40-57-45-86-43-75
Net Cash Flow-9-323154-17-28-6150222

Gokaldas Exports Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days233032282784775038541922
Inventory Days10817813014412213212118315315617891
Days Payable428573696658676060524826
Cash Conversion Cycle88122891028415713117413015914987
Working Capital Days526360634712610810370887337
ROCE %-16%-15%6%8%9%-1%1%10%7%8%18%21%

Gokaldas Exports Ltd Financial Efficiency Indicators Chart

Gokaldas Exports Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters33.12%33.12%32.72%24.09%24.09%23.48%20.97%20.97%11.07%11.06%11.05%11.05%
FIIs8.31%5.49%4.63%12.37%11.03%10.97%11.72%14.65%17.22%16.20%16.96%20.46%
DIIs3.69%3.69%10.05%26.24%27.20%25.46%25.93%24.21%31.35%32.31%32.68%31.55%
Public54.89%57.71%52.60%37.30%37.68%40.09%41.39%40.16%40.36%40.44%39.31%36.93%
No. of Shareholders24,61123,98625,48127,65036,91248,86244,59745,73144,31649,68062,45276,070

Gokaldas Exports Ltd Shareholding Pattern Chart

No. of Gokaldas Exports Ltd Shareholders

Gokaldas Exports Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund41037790.92342.65
SBI Magnum Midcap Fund36570802.31305.35
HSBC Small Cap Fund - Regular Plan22760001.65190.03
Aditya Birla Sun Life Small Cap Fund9547081.7479.71
Aditya Birla Sun Life Equity Advantage Fund5873110.9849.04
SBI Equity Savings Fund4810001.3140.16
HSBC Multi Cap Fund3120001.4626.05
Union Small Cap Fund2551351.8721.3
WhiteOak Capital Flexi Cap Fund1719880.614.36
HSBC Business Cycles Fund1565002.1113.07

Gokaldas Exports Ltd ROCE Trend

Gokaldas Exports Ltd EPS Trend

Gokaldas Exports Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)28.6023.086.187.106.08
Diluted EPS (Rs.)27.2022.145.836.675.92
Cash EPS (Rs.)40.4029.8518.4419.9010.46
Book Value[Excl.RevalReserv]/Share (Rs.)146.30120.0867.6252.9156.14
Book Value[Incl.RevalReserv]/Share (Rs.)146.30120.0867.6252.9156.14
Revenue From Operations / Share (Rs.)366.83303.56282.25318.79274.32
PBDIT / Share (Rs.)48.8336.6626.5023.8419.50
PBIT / Share (Rs.)36.9926.6614.2411.0415.01
PBT / Share (Rs.)33.7419.846.217.105.86
Net Profit / Share (Rs.)28.5519.856.187.105.97
NP After MI And SOA / Share (Rs.)28.5519.856.187.105.97
PBDIT Margin (%)13.3112.079.397.477.10
PBIT Margin (%)10.088.785.043.465.47
PBT Margin (%)9.196.532.192.222.13
Net Profit Margin (%)7.786.532.182.222.17
NP After MI And SOA Margin (%)7.786.532.182.222.17
Return on Networth / Equity (%)19.5116.539.1313.4010.64
Return on Capital Employeed (%)22.4919.1615.2818.1326.27
Return On Assets (%)12.889.662.673.283.16
Long Term Debt / Equity (X)0.010.000.060.000.00
Total Debt / Equity (X)0.040.081.171.731.58
Asset Turnover Ratio (%)1.741.611.251.561.46
Current Ratio (X)2.542.120.940.840.93
Quick Ratio (X)1.701.010.500.410.46
Inventory Turnover Ratio (X)2.902.902.072.532.71
Interest Coverage Ratio (X)11.505.383.302.772.54
Interest Coverage Ratio (Post Tax) (X)7.493.911.771.281.97
Enterprise Value (Cr.)2165.622435.71658.76517.84768.98
EV / Net Operating Revenue (X)0.971.360.540.370.65
EV / EBITDA (X)7.3211.275.795.079.21
MarketCap / Net Operating Revenue (X)0.961.330.270.100.34
Price / BV (X)2.433.371.160.611.66
Price / Net Operating Revenue (X)0.961.330.270.100.34
EarningsYield0.080.040.070.210.06

Gokaldas Exports Ltd Profitability Ratios (%)

Gokaldas Exports Ltd Liquidity Ratios

Gokaldas Exports Ltd Liquidity Ratios (%)

Gokaldas Exports Ltd Interest Coverage Ratios (%)

Gokaldas Exports Ltd Valuation Ratios

Fair Value of Gokaldas Exports Ltd Stock

Fair Value: ₹1191.89

The stock is undervalued by 41.56% compared to the current price ₹842

*Investments are subject to market risks

Strength and Weakness of Gokaldas Exports Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (148.00 cr) and profit (26.46 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 20.79 and average Dividend Yield of 6.57%.
  2. The stock has a low average ROCE of 4.67%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 74.17, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 122.67, which may not be favorable.
  5. The company has higher borrowings (329.08) compared to reserves (322.23), which may suggest financial risk.

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