Gokaldas Exports Limited (GOKEX) AI Stock Analysis

• Market Cap: ₹59.51B
• Dividend Yield: 0.12%
• Average Volume (3M): 29.36K
• Price to Earnings (P/E): 33.7
• Beta (1Y): 1.11
• Revenue Growth: 39.03%
• EPS Growth: 21.59%
• Country: IN
• Employees: 33,550
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 5.71
• Shares Outstanding: 73,228,380
• 10 Day Avg. Volume: 22,717
• 30 Day Avg. Volume: 29,362
• PEG Ratio: 10.30
• Price to Book (P/B): 2.95
• Price to Sales (P/S): 1.67
• P/FCF Ratio: -45.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹894.00
• Price Target Upside: 10.01% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: ₹894.00 ▲(10.01% Upside)

The overall stock score reflects strong financial performance driven by revenue growth and operational efficiency. However, the high P/E ratio suggests potential overvaluation, and technical indicators show mixed signals with short-term bullishness but long-term resistance. The absence of earnings call data and corporate events limits further insights.

Gokaldas Exports Limited Business Overview & Revenue Model

Company Description

Gokaldas Exports Limited engages in the design, manufacture, and sale of various garments and related products in India and internationally. The company's products include outerwear, activewear, and fashionwear, such as shorts, trousers, and jackets for men, women, and children. It serves international fashion brands and retailers. The company also exports its products to approximately 50 countries. Gokaldas Exports Limited was founded in 1979 and is based in Bengaluru, India.

How the Company Makes Money

Gokaldas Exports Limited generates revenue primarily through the export of garments to international clients. The company's revenue streams are driven by large-scale manufacturing contracts with global retail giants and fashion brands, which rely on Gokaldas Exports for their diverse apparel needs. The company benefits from economies of scale and a well-established manufacturing infrastructure, which allows it to offer competitive pricing and high-quality products. Additionally, Gokaldas Exports may engage in strategic partnerships and collaborations with key players in the fashion industry to enhance its market reach and leverage new growth opportunities. The company also focuses on maintaining strong relationships with its clients to secure long-term contracts and repeat business, which are crucial for sustaining its revenue flow.

Gokaldas Exports Limited Financial Statement Overview

Summary

Gokaldas Exports Limited demonstrates strong revenue growth and improved operational efficiency, as evidenced by the increased EBIT margin. However, challenges with maintaining high gross profit margins and managing capital expenditures persist. The balance sheet reflects a stronger equity position, but cash flow management requires further improvement.

Income Statement

Gokaldas Exports Limited has shown significant revenue growth from 2024 to 2025 with a 78.6% increase. The gross profit margin improved to 14.2% in 2025, compared to 47.8% in 2024. However, net profit margin slightly decreased to 4.0% from 6.0% the previous year. The EBIT margin increased to 18.8%, indicating improved operational efficiency. Despite strong revenue growth, the decline in gross profit margin signals increased cost of goods sold.

Balance Sheet

The company's debt-to-equity ratio improved from 0.62 in 2024 to 0.41 in 2025, reflecting a stronger equity position. Return on equity showed improvement, rising to 7.6% from 10.1% in 2024, highlighting better profitability relative to equity. The equity ratio increased to 58.9%, indicating a solid capital structure. While the debt levels have decreased, the need for further reduction remains to mitigate financial risk.

Cash Flow

Operating cash flow has turned positive in 2025, improving from the negative figure in 2024. However, free cash flow remains negative at -1.34 billion, indicating ongoing high capital expenditures. The free cash flow to net income ratio improved but remains negative, suggesting the company needs to manage its capital investments more effectively.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	38.88B	36.71B	21.93B	22.22B	17.90B	11.64B
Gross Profit	19.94B	19.10B	1.56B	10.33B	7.25B	5.15B
EBITDA	4.48B	4.12B	2.74B	3.02B	2.16B	1.14B
Net Income	1.73B	1.59B	1.31B	1.73B	1.17B	264.92M
Balance Sheet
Total Assets	0.00	35.37B	27.41B	13.42B	12.11B	9.90B
Cash, Cash Equivalents and Short-Term Investments	4.85B	4.85B	2.83B	3.69B	1.67B	520.71M
Total Debt	0.00	8.45B	8.05B	1.54B	1.93B	4.79B
Total Liabilities	-20.81B	14.56B	14.50B	4.56B	5.03B	7.00B
Stockholders Equity	20.81B	20.81B	12.91B	8.86B	7.08B	2.90B
Cash Flow
Free Cash Flow	0.00	-1.34B	-8.66B	2.33B	373.87M	824.87M
Operating Cash Flow	0.00	571.96M	-1.77B	3.69B	1.17B	1.19B
Investing Cash Flow	0.00	-4.21B	-5.37B	-2.91B	-522.92M	-322.22M
Financing Cash Flow	0.00	4.73B	7.53B	-754.32M	-430.17M	-862.32M

Gokaldas Exports Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 812.65
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 812.65 is above the 20-day moving average (MA) of 763.32, above the 50-day MA of 749.01, and below the 200-day MA of 879.41, indicating a neutral trend. The MACD of 5.02 indicates Negative momentum. The RSI at 58.38 is Neutral, neither overbought nor oversold. The STOCH value of 77.86 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARVIND	69 Neutral	₹80.55B	21.90	―	1.22%	10.23%	18.42%
GOKEX	69 Neutral	₹59.51B	33.70	―	0.12%	39.03%	21.59%
KKCL	69 Neutral	₹32.80B	25.25	―	0.38%	28.67%	-20.77%
SPAL	65 Neutral	₹17.79B	18.21	―	0.29%	43.15%	5.38%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ARVINDFASN	55 Neutral	₹67.61B	76.09	―	0.32%	7.62%	-124.65%
ALOKINDS	44 Neutral	₹85.75B	―	―	―	-20.02%	25.52%