Gokaldas Exports Limited (IN:GOKEX)
:GOKEX
Top Page
Gokaldas Exports Limited
(GOKEX)
Select Model
Select Model
Rating:56Neutral
Price Target:
₹595.00
▼(-17.22% Downside)
Action:ReiteratedDate:03/14/26
The score is primarily supported by solid financial performance (strong revenue growth, improved operating efficiency, and better leverage), but is held back by negative free cash flow. Technicals are weak with the stock trading below major moving averages and bearish MACD, and valuation looks stretched with a very high P/E.
Positive Factors
Revenue Growth
A 78.6% revenue increase demonstrates durable demand traction and stronger order flow from export customers. Sustained top-line expansion improves fixed-cost absorption, supports scale advantages across plants, and provides a clearer runway for margin recovery and reinvestment over the next several quarters.
Negative Factors
Negative Free Cash Flow
Persistent negative FCF indicates high capex or working-capital strain that undermines self-funded growth. Even with positive operating cash flow, sustained negative FCF limits capacity to pay down debt, return capital, or absorb shocks, raising funding and liquidity needs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 78.6% revenue increase demonstrates durable demand traction and stronger order flow from export customers. Sustained top-line expansion improves fixed-cost absorption, supports scale advantages across plants, and provides a clearer runway for margin recovery and reinvestment over the next several quarters.
Read all positive factors
Gokaldas Exports Limited (GOKEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹44.66B
Dividend YieldN/A
Average Volume (3M)30.57K
Price to Earnings (P/E)93.0
Beta (1Y)1.61
Revenue Growth22.27%
EPS Growth7.09%
CountryIN
Employees33,550
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)2.00
Shares Outstanding73,247,230
10 Day Avg. Volume25,091
30 Day Avg. Volume30,565
Financial Highlights & Ratios
PEG Ratio10.30
Price to Book (P/B)2.95
Price to Sales (P/S)1.67
P/FCF Ratio-45.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹930.00Price Target Upside29.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)33.84
Revenue Forecast (FY)₹48.07B
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 jacke...
How the Company Makes Money
Gokaldas Exports Limited primarily makes money by manufacturing and exporting finished apparel (ready-made garments) to overseas customers, typically global brands and retailers. Revenue is generated through purchase orders/contracts where custome...
Gokaldas Exports Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.43B | 36.71B | 21.93B | 22.22B | 17.90B | 11.64B |
| Gross Profit | 20.21B | 19.10B | 1.56B | 10.33B | 7.25B | 5.15B |
| EBITDA | 4.49B | 4.24B | 2.74B | 3.02B | 2.16B | 1.08B |
| Net Income | 1.53B | 1.59B | 1.31B | 1.73B | 1.17B | 264.92M |
Balance Sheet | ||||||
| Total Assets | 38.99B | 35.37B | 27.41B | 13.42B | 12.11B | 9.90B |
| Cash, Cash Equivalents and Short-Term Investments | 5.55B | 4.85B | 2.83B | 3.69B | 1.67B | 520.71M |
| Total Debt | 9.93B | 8.45B | 8.05B | 1.54B | 1.93B | 4.79B |
| Total Liabilities | 17.43B | 14.56B | 14.50B | 4.56B | 5.03B | 7.00B |
| Stockholders Equity | 21.56B | 20.81B | 12.91B | 8.86B | 7.08B | 2.90B |
Cash Flow | ||||||
| Free Cash Flow | -13.96M | -1.34B | -8.66B | 2.33B | 373.87M | 824.87M |
| Operating Cash Flow | 1.09B | 571.96M | -1.77B | 3.69B | 1.17B | 1.19B |
| Investing Cash Flow | -2.16B | -4.21B | -5.37B | -2.91B | -522.92M | -322.22M |
| Financing Cash Flow | -45.04M | 4.73B | 7.53B | -754.32M | -430.17M | -862.32M |
Gokaldas Exports Limited Technical Analysis
Negative
718.75
Price Trends
656.20
Negative
734.53
Negative
776.66
Negative
Market Momentum
-21.13
Negative
47.50
Neutral
64.81
Neutral
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 718.75 is above the 20-day moving average (MA) of 597.58, above the 50-day MA of 656.20, and below the 200-day MA of 776.66, indicating a neutral trend. The MACD of -21.13 indicates Negative momentum. The RSI at 47.50 is Neutral, neither overbought nor oversold. The STOCH value of 64.81 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹95.79B | 21.31 | ― | 1.18% | 8.84% | 41.74% | |
67 Neutral | ₹17.97B | 16.32 | ― | 0.28% | 34.25% | 28.44% | |
66 Neutral | ₹27.24B | 22.08 | ― | 0.41% | 28.67% | -20.77% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ₹44.66B | 92.98 | ― | ― | 22.27% | 7.09% | |
56 Neutral | ₹58.58B | 65.33 | ― | 0.31% | 10.72% | -115.52% | |
40 Neutral | ₹61.97B | -9.11 | ― | ― | -20.02% | 25.52% |
* Consumer Cyclical Sector Average
IN:GOKEX
Gokaldas Exports Limited
609.75
-182.00
-22.99%
IN:ALOKINDS
Alok Industries Limited
12.48
-2.47
-16.52%
IN:ARVIND
Arvind Limited
365.45
50.86
16.17%
IN:ARVINDFASN
Arvind Fashions Ltd.
438.35
72.53
19.83%
IN:KKCL
Kewal Kiran Clothing Limited
442.10
4.73
1.08%
IN:SPAL
S.P. Apparels Ltd.
714.75
56.70
8.62%
Gokaldas Exports Limited Corporate Events
Gokaldas Exports Posts Q3 FY26 Investor Presentation Online
Feb 2, 2026
Gokaldas Exports Limited, a leading Indian apparel manufacturer and exporter serving international brands, has notified stock exchanges that it has published its investor presentation for the third quarter of FY26 results on its corporate website....
Gokaldas Exports Posts Stable Revenue but Lower Profit in Q3 FY2025-26
Jan 31, 2026
Gokaldas Exports Limited reported its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025, showing quarterly revenue from operations of Rs 97,865.14 lakh and total income of Rs 99,816.23 lakh, broadly s...
Gokaldas Exports Posts Steady Revenue but Softer Profits in Q3 FY26
Jan 31, 2026
Gokaldas Exports Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, showing revenue from operations of about Rs 97,865 lakh for the quarter and Rs ...
Gokaldas Exports Holds Q3FY26 Revenue Steady Despite US Tariff Impact, Margins Compress
Jan 31, 2026
Gokaldas Exports reported consolidated total income of ₹998 crore for the third quarter of FY26, broadly flat year-on-year, as its India operations grew 8% despite the first full quarter of US tariff impact, while uncertainties around AGOA a...
Gokaldas Exports Sets Q3 FY26 Results Date and Investor Earnings Call
Jan 28, 2026
Gokaldas Exports Limited will announce its financial results for the third quarter of FY26 on 31 January 2026 and will hold an earnings conference call with investors and analysts on 2 February 2026 at 11:00 IST, to be led by Executive Vice-Chairm...
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.