MarketFriction

Gokaldas Exports Ltd

NSE GOKEX · BSE 532630 · Garments & Apparels
₹688.75 +0.14%
NSE close2026-10-01
52 week range531.00 - 954.90
Market cap₹4,972 Cr.
P/E48.3
Microcap 250 Price band 20% Delivery 42.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5005528129329299881,0159569849791,0691,154
Expenses4534897288578598848938589209029521,041
Operating Profit4762847570104123976577117112
OPM %9%11%10%8%7%11%12%10%7%8%11%10%
Other Income98681313202119201827
Interest6520191819212222242631
Depreciation212227282930423943463946
Profit before tax294443363667795719267063
Tax %19%30%-3%25%21%25%33%27%57%44%49%29%
Net Profit24304427285053418153644
EPS in Rs3.915.026.993.823.947.047.405.671.101.994.916.05
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1439301,0311,1751,3711,2111,7902,2222,3793,8643,9884,185
Expenses1,1069621,0551,1131,2851,1091,5851,9512,1253,4933,6313,815
Operating Profit37-32-236286101206271254371357371
OPM %3.3%-3.4%-2.3%5%6%8%11%12%11%10%9%9%
Other Income784247153612113130537784
Interest4036373337344026367795103
Depreciation221816195553597289128167173
Profit before tax53-45-30253027117204159218172178
Tax %-15%5%3%-2%0%0%-0%15%18%27%42%
Net Profit61-47-31263026117173131159100103
EPS in Rs17.63-13.53-8.875.977.106.1819.8528.5520.6622.1813.6714.05
Dividend Payout %0%0%0%0%0%0%0%4%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%27%22%8%
Compounded Profit Growth15%21%-25%-40%
Stock Price CAGR24%28%-4%-6%
Return on Equity8%9%6%3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital171717172121212930323637
Reserves1421981521132192052696798561,2602,0452,124
Borrowings3113434744723814424791931548058451,273
Other Liabilities189177157178188256221310301645611921
Total Liabilities6597368017818099259901,2111,3422,7413,5374,354
Fixed Assets1359697961071722372882801,1361,3991,539
CWIP22101101110812817117
Investments000003637154344159497590
Other Assets5226387026857007167167586101,3181,6242,108
Total Assets6597368017818099259901,2111,3422,7413,5374,354
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity688312255199119117369-1775752
Cash from Investing Activity-16-8326-140-39-32-52-291-537-420-284
Cash from Financing Activity-374-54-40-57-45-86-43-75753473203
Net Cash Flow154-17-28-615022240110-30
Free Cash Flow73119-01329918539242-865-131-170
CFO/OP273%231%-41%-114%76%115%114%64%150%-53%28%30%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days282784775038541922544055
Inventory Days14412213212118315315617891194129166
Days Payable696658676060524826594566
Cash Conversion Cycle1028415713117413015914987189124155
Working Capital Days-25-53-60-59-15-40-255527143830
ROCE %8%9%-1%1%10%7%8%18%21%11%11%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters11.05%11.05%10.58%9.42%9.39%9.38%9.38%9.17%9.16%9.15%9.15%9.15%
FIIs16.96%20.46%21.21%26.55%27.02%26.54%25.79%24.88%22.93%23.71%19.85%14.46%
DIIs32.68%31.55%30.03%31.79%33.77%37.01%36.82%37.17%38.94%39.03%37.58%43.41%
Public39.31%36.93%38.18%32.26%29.82%27.08%27.99%28.78%28.97%28.10%33.42%32.98%
No. of Shareholders62,45276,07067,06053,28748,57047,87355,50761,37664,55362,32885,60980,401

Fundamentals

Market Cap₹ 4,972 Cr.
Current Price₹ 679
Stock P/E48.3
Book Value₹ 295
ROCE7.65 %
ROE3.09 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)-40%
Consolidated figures.
Valuation
Market capRs 5,045 Cr
Enterprise valueRs 6,182 Cr
P/E (TTM)49.00x
Price to book2.34x
Price to sales1.21x
EV / EBITDA13.61x
EV / EBIT22.01x
EV / sales1.48x
Price to cash flow97.79x
Earnings yield2.04%
P/E, 3-year average37.65x
P/B, 3-year average2.73x
P/E, 5-year average29.16x
P/B, 5-year average2.80x
Profitability
Operating margin (excl. other income)8.94%
Operating margin (incl. other income)10.88%
EBITDA margin10.85%
Pre-tax margin4.24%
Net profit margin2.46%
Net margin, latest quarter3.84%
ROE4.72%
ROCE8.39%
ROA2.54%
ROE, 3-year average8.72%
ROCE, 3-year average10.87%
ROA, 3-year average4.67%
ROE, 5-year average14.26%
ROCE, 5-year average15.03%
ROA, 5-year average7.64%
ROIC (approx.)4.97%
Tax rate41.66%
Other income / net worth3.57%
Growth
Sales growth (latest year)3.19%
Profit growth (latest year)-36.84%
Sales CAGR, 3 years21.52%
Sales CAGR, 5 years26.92%
Profit CAGR, 3 years-16.66%
Profit CAGR, 5 years30.47%
Sales growth QoQ7.92%
Profit growth QoQ23.19%
Sales growth YoY (latest quarter)20.69%
Profit growth YoY (latest quarter)6.82%
Per share
EPS (TTM)Rs 14.06
EPS (latest year)Rs 13.67
EPS (latest quarter)Rs 6.05
EPS, 3-year averageRs 18.84
EPS, 5-year averageRs 20.98
Book value per shareRs 294.95
Sales per shareRs 571.40
Cash flow per shareRs 7.04
Free cash flow per shareRs -23.21
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout, 5-year average3.50%
Efficiency
Asset turnover0.92x
Fixed asset turnover2.59x
Inventory turnover2.43x
Inventory days150 days
Debtor days55 days
Debtors turnover6.63x
Creditor days66 days
Cash conversion cycle155 days
Working capital days30 days
Leverage
Total debtRs 1,273 Cr
Cash and bankRs 136 Cr
Net debtRs 1,137 Cr
Debt to equity0.59x
Net debt / EBITDA2.50x
Interest coverage2.72x
Current ratio (filing 2026-03-31)1.50x
Quick ratio (filing 2026-03-31)0.92x
Trade payables (filing 2026-03-31)Rs 349 Cr
Owners' fund to total sources49.62%
Debt to assets29.24%
Cash flow
Cash from Operating Activity (latest year)Rs 52 Cr
Cash from Investing Activity (latest year)Rs -284 Cr
Cash from Financing Activity (latest year)Rs 203 Cr
Net Cash Flow (latest year)Rs -30 Cr
Free cash flow (latest year)Rs -170 Cr
FCFE (approx.: FCF + change in debt)Rs 258 Cr
Cash from ops / profit, 5 years0.61x
Sales to cash flow77.29x
Statement figures
Net sales (TTM)Rs 4,185 Cr
Net sales (latest year)Rs 3,988 Cr
Sales (latest quarter)Rs 1,154 Cr
Operating profit excl. other income (latest year)Rs 357 Cr
Operating profit (latest quarter)Rs 112 Cr
Other income (TTM)Rs 84 Cr
EBITDA (TTM)Rs 454 Cr
PBDT (TTM)Rs 351 Cr
Profit before tax (TTM)Rs 178 Cr
Tax (latest year)Rs 71 Cr
Net profit (TTM)Rs 103 Cr
Net profit (latest year)Rs 100 Cr
Net profit (latest quarter)Rs 44 Cr
Depreciation (TTM)Rs 173 Cr
Depreciation (latest quarter)Rs 46 Cr
Interest (TTM)Rs 103 Cr
Cost of goods sold (latest year)Rs 2,125 Cr
Total expenditure (latest year)Rs 3,631 Cr
Total income (latest year)Rs 4,065 Cr
Share capitalRs 37 Cr
ReservesRs 2,124 Cr
Shareholders' fundsRs 2,160 Cr
Total assetsRs 4,354 Cr
Net blockRs 1,539 Cr
Capital work in progressRs 117 Cr
InvestmentsRs 590 Cr
ReceivablesRs 601 Cr
InventoryRs 875 Cr
Other liabilitiesRs 921 Cr
Shares outstanding (crore)7.32
Ownership
Promoter holding9.15% (-0.02 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 49.0 is at the 73th percentile of its own 7.4-year range (median 35.0, low 8.7, high 122.7).
P/B 2.34 is at the 13th percentile (median 3.99).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGOKEXNifty 50Difference
1 week-0.6%-2.8% +2.2 pts
1 month-11.8%-6.8% -5.0 pts
3 months-19.8%-7.6% -12.2 pts
6 months+18.7%+0.4% +18.3 pts
1 year-10.6%-9.9% -0.7 pts
2 years-30.9%-13.6% -17.3 pts
3 years-9.3%+14.2% -23.5 pts
5 years+238.0%+27.9% +210.1 pts
55 mutual fund schemes hold about ₹2,066 Cr. Over three months 34 bought more and 8 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.51%421 +6%
SBI Multi Asset Allocation Fund(A0.81%170 +3%
HSBC Small Cap Fund0.84%161 +4%
Axis Small Cap Fund0.51%160 +4%
Motilal Oswal Small Cap Fund1.50%122 +7%
Tata Small Cap Fund0.90%117 +7%
SBI MNC Fund1.63%109 -3%
Helios Flexi Cap Fund0.94%82 +8%
Axis Flexi Cap Fund0.54%75 +7%
Axis Flexi Cap Fund0.54%73 +7%
Aditya Birla SL Large & Mid Cap Fund1.11%66 +8%
Mahindra Manulife Multi Cap Fund0.66%50 +1%
Mahindra Manulife Small Cap Fund0.88%48 +1%
SBI Comma Fund3.69%46 +11%
Aditya Birla SL Small Cap Fund0.63%39 +3%
HSBC Flexi Cap Fund0.48%29 +5%
Helios Mid Cap Fund1.27%28 -10%
Aditya Birla SL Aggressive Hybrid Fund0.37%27 +9%
Helios Small Cap Fund1.44%21 -20%
JM Small Cap Fund2.15%20 -3%
Union Flexi Cap Fund0.76%19 +8%
Union Midcap Fund0.73%15 +21%
HSBC Business Cycles Fund1.12%14 +7%
Aditya Birla SL Mfg. Equity Fund0.97%14 -2%
Motilal Oswal Nifty Microcap 250 Index Fund0.53%13 +4%

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -18% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 40% vs sales +3% in 2026
explainDebt up, profit down Borrowings up 51% while net profit fell in 2026
lookProfit leans on other income Other income was 45% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,154 Cr +20.7% vs Jun 2025. Net profit ₹44 Cr +7.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-12Annual General Meeting
2023-09-13Annual General Meeting/Dividend - Re 1 Per Share
2022-09-21Annual General Meeting
2021-09-08 Annual General Meeting
2020-09-17 Annual General Meeting
2019-09-03 Annual General Meeting
2018-09-11 Annual General Meeting
2017-09-19 Annual General Meeting
2016-09-19 Annual General Meeting
2015-09-10 Annual General Meeting
2014-09-22Annual General Meeting
2013-09-17Annual General Meeting
2012-08-23Annual General Meeting
2010-09-09Annual General Meeting
2009-09-11Annual General Meeting Bc Dates Revised
2008-08-26Agm/Dividend - 20%
2007-08-08Agm/Dividend-40%
2007-02-08Fv Split Rs.10/- To Rs.5/0.5000
2006-08-08Agm/Dividend-30%
DateTypeWhat it says
2026-09-29Shareholder meetingVoting results.
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-21Concall / analyst meetSchedule of meet
2026-09-16Concall / analyst meetSchedule of meet
2026-09-13Concall / analyst meetSchedule of meet
2026-09-05UpdatesBusiness Responsibility and Sustainability Report for the FY 2025-26.
2026-09-05Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026
2026-08-28Concall / analyst meetSchedule of meet
2026-08-19Concall / analyst meetTranscript
2026-08-17Concall / analyst meetSchedule of meet
2026-08-12Concall / analyst meetLink of Recording
2026-08-12Concall / analyst meetPresentation
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "Press Release".
2026-08-11General UpdatesGeneral Updates - Grant of options under ESOP Scheme of the Company.
2026-08-11General UpdatesGeneral Updates - allotment of equity shares under ESOP Scheme of the Company.
2026-08-11Board meeting outcomeGokaldas Exports Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-07Concall / analyst meetSchedule of meet
2026-08-01Shareholder meetingVoting results.
2026-07-31Shareholder meetingProceedings of Court Convened General Meeting held on July 31, 2026
2026-06-29Shareholder meetingNotice of Court Convened General Meeting to be held on July 31, 2026
2026-06-23Concall / analyst meetSchedule of meet
2026-06-02Concall / analyst meetSchedule of meet
2026-06-02Concall / analyst meetTranscript
2026-05-25Concall / analyst meetLink of Recording
2026-05-25Concall / analyst meetPresentation
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Gokaldas Exports Ltd?

Gokaldas Exports Ltd (GOKEX) has a market capitalisation of Rs 4,972 Cr. at the 2026-10-01 close.

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

Gokaldas Exports Ltd trades at a P/E of 48.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Gokaldas Exports Ltd's latest quarterly results?

In the Jun 2026 quarter, Gokaldas Exports Ltd sales was Rs 1,154 Cr (+20.7% vs Jun 2025) and net profit was Rs 44 Cr.

What is the 52-week high and low of Gokaldas Exports Ltd?

The 52-week high is Rs 954.90 and the 52-week low is Rs 531.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03