Gokaldas Exports Limited (IN:GOKEX)
:GOKEX
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Gokaldas Exports Limited
(GOKEX)
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Rating:61Neutral
Price Target:
₹829.00
▲(15.34% Upside)
Action:Reiterated
Date:06/19/26
The score is primarily held back by weak and volatile cash generation (negative operating cash flow in two of the last three years and negative free cash flow for three years) and recent margin compression, despite strong revenue growth. Technicals are supportive with the stock above major moving averages and positive momentum, but a high P/E limits the valuation component.
Positive Factors
Revenue Growth Trend
Sustained top-line expansion and a clear step-up into FY2026 reflect durable demand and larger order flows. Over 2–6 months this supports higher capacity utilization and scale advantages, improving the firm's ability to absorb fixed costs and negotiate supplier/customer terms.
Negative Factors
Weak Cash Generation
Repeated negative operating and free cash flows indicate persistent cash-conversion issues and working-capital strain. Over months this limits reinvestment capacity, raises reliance on external funding, and constrains margin-enhancing investments or buffer for demand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Sustained top-line expansion and a clear step-up into FY2026 reflect durable demand and larger order flows. Over 2–6 months this supports higher capacity utilization and scale advantages, improving the firm's ability to absorb fixed costs and negotiate supplier/customer terms.
Read all positive factors
Gokaldas Exports Limited (GOKEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹62.58B
Dividend YieldN/A
Average Volume (3M)30.57K
Price to Earnings (P/E)62.3
Beta (1Y)1.83
Revenue Growth3.19%
EPS Growth-38.40%
CountryIN
Employees33,550
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)21.27
Shares Outstanding73,273,630
10 Day Avg. Volume25,091
30 Day Avg. Volume30,565
Financial Highlights & Ratios
PEG Ratio-1.09
Price to Book (P/B)1.96
Price to Sales (P/S)1.06
P/FCF Ratio-17.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)30.32
Revenue Forecast (FY)₹47.23B
Gokaldas Exports Limited Business Overview & Revenue Model
Company Description
Gokaldas Exports Limited is an enterprise dedicated to the development, production, and distribution of a wide variety of apparel and associated goods, serving both domestic Indian and international markets. Its diverse product range spans outerwe...
How the Company Makes Money
Gokaldas Exports makes money primarily by manufacturing and exporting finished apparel to overseas brands and retailers on a business-to-business (B2B) basis. Its core revenue stream is the sale of manufactured garments, where it earns a per-unit ...
Gokaldas Exports Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
60
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.43B | 39.88B | 36.71B | 21.93B | 22.22B | 17.90B |
| Gross Profit | 20.21B | 5.43B | 19.10B | 1.56B | 10.33B | 7.25B |
| EBITDA | 4.49B | 3.36B | 4.24B | 2.74B | 3.02B | 2.16B |
| Net Income | 1.53B | 1.00B | 1.59B | 1.31B | 1.73B | 1.17B |
Balance Sheet | ||||||
| Total Assets | 38.99B | 43.54B | 35.37B | 27.41B | 13.42B | 12.11B |
| Cash, Cash Equivalents and Short-Term Investments | 5.55B | 4.25B | 4.85B | 2.83B | 3.69B | 1.67B |
| Total Debt | 9.93B | 12.73B | 8.45B | 8.05B | 1.54B | 1.93B |
| Total Liabilities | 17.43B | 21.94B | 14.56B | 14.50B | 4.56B | 5.03B |
| Stockholders Equity | 21.56B | 21.60B | 20.81B | 12.91B | 8.86B | 7.08B |
Cash Flow | ||||||
| Free Cash Flow | -13.96M | -2.39B | -1.34B | -8.66B | 2.33B | 373.87M |
| Operating Cash Flow | 1.09B | -107.16M | 571.96M | -1.77B | 3.69B | 1.17B |
| Investing Cash Flow | -2.16B | -2.90B | -4.21B | -5.37B | -2.91B | -522.92M |
| Financing Cash Flow | -45.04M | 2.69B | 4.73B | 7.53B | -754.32M | -430.17M |
Gokaldas Exports Limited Technical Analysis
Positive
718.75
Price Trends
716.69
Positive
691.30
Positive
738.76
Positive
Market Momentum
39.23
Negative
76.32
Negative
94.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOKEX, the sentiment is Positive. The current price of 718.75 is below the 20-day moving average (MA) of 733.31, above the 50-day MA of 716.69, and below the 200-day MA of 738.76, indicating a bullish trend. The MACD of 39.23 indicates Negative momentum. The RSI at 76.32 is Negative, neither overbought nor oversold. The STOCH value of 94.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GOKEX.
Gokaldas Exports Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹144.20B | 34.94 | ― | 1.18% | 11.70% | 17.01% | |
68 Neutral | ₹27.70B | 27.11 | ― | 0.28% | 13.15% | 6.13% | |
66 Neutral | ₹31.15B | 22.09 | ― | 0.41% | 20.94% | -3.59% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹62.58B | 62.30 | ― | ― | 3.19% | -38.40% | |
57 Neutral | ₹62.84B | 51.09 | ― | 0.31% | 13.99% | ― | |
46 Neutral | ₹63.70B | -8.44 | ― | ― | 0.16% | 8.72% |
* Consumer Cyclical Sector Average
IN:GOKEX
Gokaldas Exports Limited
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-3.60%
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Gokaldas Exports Limited Corporate Events
Gokaldas Exports Posts Q4 FY26 Earnings Call Audio on Website
May 25, 2026
Gokaldas Exports Limited has notified the stock exchanges that the audio recording of its Q4 FY 2026 results conference call, held on May 25, 2026, has been uploaded to the company’s website. By making the earnings call recording publicly ac...
Gokaldas Exports Grows FY26 Revenue Amid U.S. Tariff Pressure, Leans on Africa and Efficiency Gains
May 22, 2026
Gokaldas Exports reported consolidated total income of ₹1,087 crore in Q4 FY26, up 5% year-on-year, and ₹4,065 crore for FY26, a 4% annual increase, despite headwinds from penal U.S. tariffs and geopolitical volatility. The company mai...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.