Gokaldas Exports Limited (GOKEX) AI Stock Analysis

• Market Cap: ₹51.45B
• Dividend Yield: 0.12%
• Average Volume (3M): 29.43K
• Price to Earnings (P/E): 29.1
• Beta (1Y): 0.84
• Revenue Growth: 39.03%
• EPS Growth: 21.61%
• Country: IN
• Employees: 33,550
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Apparel - Manufacturers
• EPS (TTM): 5.73
• Shares Outstanding: 73,228,380
• 10 Day Avg. Volume: 44,063
• 30 Day Avg. Volume: 29,426
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹763.00
• Price Target Upside: 8.60% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ₹763.00 ▲(8.60% Upside)

Gokaldas Exports Limited's overall stock score is primarily influenced by its robust financial performance, despite challenges in cash flow management. Technical analysis indicates bearish momentum, which negatively impacts the score. The high P/E ratio without a dividend yield further limits the stock's appeal.

Gokaldas Exports Limited Business Overview & Revenue Model

Company Description

Gokaldas Exports Limited (GOKEX) is a prominent Indian company operating in the apparel and textile industry. Established in 1979, the company specializes in the design, manufacture, and export of a wide range of garments including activewear, casual wear, and formal wear. Gokaldas Exports is primarily engaged in catering to international markets, supplying to leading global retailers and brands. The company has a strong presence in the global apparel supply chain and is known for its commitment to quality and timely delivery.

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 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	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	39.17B	21.93B	16.69B	22.22B	11.45B
Gross Profit	5.55B	10.49B	7.25B	10.33B	5.15B
EBITDA	4.12B	2.74B	2.16B	3.02B	1.14B
Net Income	1.59B	1.31B	1.17B	1.73B	264.92M
Balance Sheet
Total Assets	35.37B	27.41B	12.11B	13.42B	9.90B
Cash, Cash Equivalents and Short-Term Investments	4.85B	2.83B	1.67B	3.69B	520.71M
Total Debt	8.45B	8.05B	1.93B	1.54B	4.79B
Total Liabilities	14.56B	14.50B	5.03B	4.56B	7.00B
Stockholders Equity	20.81B	12.91B	7.08B	8.86B	2.90B
Cash Flow
Free Cash Flow	-1.34B	-8.66B	373.87M	2.33B	824.87M
Operating Cash Flow	571.96M	-1.77B	1.17B	3.69B	1.19B
Investing Cash Flow	-4.21B	-5.37B	-522.92M	-2.91B	-322.22M
Financing Cash Flow	4.73B	7.53B	-430.17M	-754.32M	-862.32M

Gokaldas Exports Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 702.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 702.55 is below the 20-day moving average (MA) of 832.18, below the 50-day MA of 880.78, and below the 200-day MA of 928.24, indicating a bearish trend. The MACD of -57.79 indicates Positive momentum. The RSI at 22.43 is Positive, neither overbought nor oversold. The STOCH value of 10.73 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
KKCL	71 Outperform	₹31.48B	11.75		0.39%	30.23%	83.60%
SPAL	68 Neutral	₹20.57B	20.59		0.44%	28.31%	6.08%
ARVINDFASN	65 Neutral	₹68.52B	76.09		0.32%	7.62%	-124.65%
ARVIND	64 Neutral	₹76.62B	20.84		1.28%	10.23%	18.42%
Sector *	61 Neutral	$17.22B	11.53	-5.99%	3.08%	1.40%	-15.51%
GOKEX	54 Neutral	₹51.45B	29.13		0.12%	39.03%	21.61%
ALOKINDS	41 Neutral	₹88.33B	―		―	-28.55%	5.61%