Gokaldas Exports Limited (GOKEX) AI Stock Analysis

• Market Cap: ₹58.25B
• Dividend Yield: N/A
• Average Volume (3M): 30.57K
• Price to Earnings (P/E): 37.2
• Beta (1Y): 1.30
• Revenue Growth: 22.27%
• EPS Growth: 7.09%
• Country: IN
• Employees: 33,550
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 1.10
• Shares Outstanding: 73,239,876
• 10 Day Avg. Volume: 25,091
• 30 Day Avg. Volume: 30,565
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1,288.14
• Revenue Forecast (FY): ₹3.63T

• Rating: 69 Neutral
• Price Target: ₹894.00 ▲(13.05% Upside)

Gokaldas Exports Limited shows strong financial performance with significant revenue growth and improved operational efficiency. The technical indicators suggest a bullish trend, supporting the stock's positive outlook. However, the high P/E ratio indicates a potentially overvalued stock, and the lack of dividend yield may deter income-focused investors.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market presence and effective demand capture, supporting long-term business sustainability.

Operational Efficiency

Improved operational efficiency through higher EBIT margins enhances profitability, providing a competitive edge and financial stability.

Debt Management

Reduced debt levels strengthen the balance sheet, lowering financial risk and increasing the company's ability to invest in growth.

Negative Factors

Free Cash Flow

Negative free cash flow suggests challenges in managing capital investments, potentially limiting future growth and flexibility.

Gross Profit Margin

A significant drop in gross profit margin indicates rising costs, which could pressure profitability if not managed effectively.

Net Profit Margin

Declining net profit margins may reflect increased expenses or pricing pressures, potentially impacting long-term profitability.

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 generates revenue primarily through the export of finished garments to international markets, leveraging its strong relationships with major global retailers and brands. The company's revenue model is centered around contract manufacturing, where it produces apparel based on specific orders from clients, allowing for flexibility and responsiveness to market demands. Key revenue streams include sales from bulk orders, custom designs, and long-term partnerships with prominent brands in the fashion industry. Additionally, Gokaldas Exports benefits from its ability to streamline production processes and reduce costs, enhancing its competitiveness in pricing. The company also focuses on sustainability and ethical manufacturing practices, which appeal to a growing segment of environmentally conscious consumers and brands, further driving its revenue growth.

Gokaldas Exports Limited Financial Statement Overview

Summary

Gokaldas Exports Limited exhibits robust revenue growth and improved operational efficiency, as seen in the increased EBIT margin. However, challenges persist with maintaining high gross profit margins and managing capital expenditures efficiently. The balance sheet shows a strengthened equity position, but further improvement in cash flow management is essential to enhance financial stability.

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	4.24B	2.74B	3.02B	2.16B	1.08B
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: Negative
• Last Price: 790.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOKEX, the sentiment is Negative. The current price of 790.8 is below the 20-day moving average (MA) of 856.10, below the 50-day MA of 857.21, and below the 200-day MA of 850.69, indicating a bearish trend. The MACD of -20.92 indicates Positive momentum. The RSI at 35.40 is Neutral, neither overbought nor oversold. The STOCH value of 12.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	73 Outperform	₹83.84B	20.38	―	1.17%	8.84%	41.74%
GOKEX	69 Neutral	₹58.25B	37.17	―	―	22.27%	7.09%
SPAL	67 Neutral	₹17.79B	16.10	―	0.28%	34.25%	28.44%
KKCL	66 Neutral	₹30.14B	23.21	―	0.41%	28.67%	-20.77%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ARVINDFASN	56 Neutral	₹68.53B	-406.51	―	0.31%	10.72%	-115.52%
ALOKINDS	40 Underperform	₹79.59B	-11.71	―	―	-20.02%	25.52%

Gokaldas Exports Limited Corporate Events

Gokaldas Exports Schedules Investor Meetings to Strengthen Market Engagement

Gokaldas Exports Limited has announced a schedule of meetings with institutional investors and research analysts, set to take place on November 20, 2025, in Mumbai. This initiative is part of the company’s efforts to engage with key stakeholders, potentially impacting its market positioning and investor relations positively.

Gokaldas Exports Schedules Investor Meeting in Bengaluru

Gokaldas Exports Limited has announced a scheduled meeting with institutional investors and research analysts, which will involve a one-on-one physical meeting with Dalton Investments in Bengaluru on September 25, 2025. This meeting is part of the company’s ongoing efforts to engage with key stakeholders and provide insights into its operations and strategic direction.

Gokaldas Exports Limited Conducts 22nd AGM Virtually

Gokaldas Exports Limited held its 22nd Annual General Meeting on September 16, 2025, via video conferencing in compliance with regulatory guidelines. The meeting was chaired by Mr. Mathew Cyriac and attended by 131 members, including key management personnel and directors. The AGM covered the transactions outlined in the meeting notice, and the annual report for the fiscal year ending March 31, 2025, was distributed electronically to registered members.