GOKEX
Gokaldas Exports Limited
Apparel exporter with garment manufacturing facilities in India and Africa
Consumer Discretionary›Textiles›Textiles & Apparels›Garments & Apparels
gokaldasexports.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹716.20
Market cap
5,244 Cr
Stock P/E
50.9
P/B
2.43
Dividend yield
0.1%
ROE (FY26)
4.6%
ROCE (FY26)
8.5%
Operating margin (FY26)
4.8%
Debt / equity (FY26)
0.45
OCF / EBITDA (FY26)
14.5%
OCF / EBITDA (3Y)
-7.0%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Gokaldas Exports makes garments for global fashion retailers and brands, mainly headquartered in the United States and Europe, from factories in India and Africa, and exports 82.4% of its turnover (FY26 sustainability report).
Company snapshot
4thBy market cap
Ranked among 31 companies in Garments & Apparels.
What we see
Concerns
- ✗Net margin is very thin at 2.5% — little room for error if costs rise.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 500 Cr | 552 Cr | 812 Cr | 932 Cr | 929 Cr | 988 Cr | 1,015 Cr | 956 Cr | 984 Cr | 979 Cr | 1,069 Cr | 1,154 Cr |
| Operating expenses (approx.) | 453 Cr | 489 Cr | 728 Cr | 857 Cr | 859 Cr | 884 Cr | 893 Cr | 858 Cr | 920 Cr | 902 Cr | 952 Cr | 1,041 Cr |
| EBITDA | 47 Cr | 62 Cr | 84 Cr | 75 Cr | 70 Cr | 104 Cr | 123 Cr | 97 Cr | 65 Cr | 77 Cr | 117 Cr | 112 Cr |
| OPM % | 9.4% | 11.3% | 10.4% | 8.0% | 7.5% | 10.5% | 12.1% | 10.2% | 6.6% | 7.9% | 10.9% | 9.8% |
| Other income | 9 Cr | 8 Cr | 6 Cr | 8 Cr | 13 Cr | 13 Cr | 20 Cr | 21 Cr | 19 Cr | 20 Cr | 18 Cr | 27 Cr |
| Interest | 6 Cr | 5 Cr | 20 Cr | 19 Cr | 18 Cr | 19 Cr | 21 Cr | 22 Cr | 22 Cr | 24 Cr | 26 Cr | 31 Cr |
| Depreciation | 21 Cr | 21 Cr | 27 Cr | 28 Cr | 29 Cr | 30 Cr | 42 Cr | 39 Cr | 43 Cr | 46 Cr | 39 Cr | 46 Cr |
| Profit before tax | 29 Cr | 44 Cr | 43 Cr | 36 Cr | 36 Cr | 67 Cr | 79 Cr | 57 Cr | 19 Cr | 26 Cr | 70 Cr | 63 Cr |
| Tax % | 19.2% | 30.1% | -3.1% | 24.7% | 20.9% | 25.2% | 33.1% | 27.0% | 56.8% | 44.1% | 48.6% | 29.5% |
| Net profit | 24 Cr | 30 Cr | 44 Cr | 27 Cr | 28 Cr | 50 Cr | 53 Cr | 41 Cr | 8 Cr | 15 Cr | 36 Cr | 44 Cr |
| EPS (₹) | ₹3.91 | ₹5.02 | ₹7.23 | ₹3.92 | ₹3.94 | ₹7.04 | ₹7.40 | ₹5.73 | ₹1.10 | ₹2.00 | ₹4.91 | ₹6.05 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 936 Cr | 1,032 Cr | 1,175 Cr | 1,365 Cr | 1,211 Cr | 1,790 Cr | 2,222 Cr | 2,379 Cr | 3,864 Cr | 3,988 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 968 Cr | 1,056 Cr | 1,113 Cr | 1,298 Cr | 1,109 Cr | 1,585 Cr | 1,951 Cr | 2,125 Cr | 3,493 Cr | 3,631 Cr | Sign in free for the trailing twelve months |
| EBITDA | -32 Cr | -23 Cr | 62 Cr | 67 Cr | 101 Cr | 205 Cr | 271 Cr | 254 Cr | 371 Cr | 356 Cr | Sign in free for the trailing twelve months |
| OPM % | -3.4% | -2.3% | 5.3% | 4.9% | 8.4% | 11.5% | 12.2% | 10.7% | 9.6% | 8.9% | Sign in free for the trailing twelve months |
| Other income | 42 Cr | 47 Cr | 22 Cr | 35 Cr | 12 Cr | 11 Cr | 25 Cr | 30 Cr | 53 Cr | 77 Cr | Sign in free for the trailing twelve months |
| Interest | 36 Cr | 37 Cr | 33 Cr | 37 Cr | 34 Cr | 40 Cr | 26 Cr | 36 Cr | 77 Cr | 95 Cr | Sign in free for the trailing twelve months |
| Depreciation | 18 Cr | 16 Cr | 19 Cr | 55 Cr | 53 Cr | 59 Cr | 72 Cr | 89 Cr | 128 Cr | 167 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -45 Cr | -30 Cr | 25 Cr | 30 Cr | 27 Cr | 117 Cr | 204 Cr | 159 Cr | 218 Cr | 172 Cr | Sign in free for the trailing twelve months |
| Tax % | -4.7% | -2.9% | -2.0% | 0.0% | 0.5% | -0.0% | 15.4% | 17.6% | 27.3% | 41.7% | Sign in free for the trailing twelve months |
| Net profit | -47 Cr | -31 Cr | 26 Cr | 30 Cr | 26 Cr | 117 Cr | 173 Cr | 131 Cr | 159 Cr | 100 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-13.54 | ₹-8.87 | ₹6.08 | ₹7.10 | ₹6.18 | ₹23.08 | ₹28.60 | ₹21.55 | ₹22.36 | ₹13.71 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 0.0% | 0.0% | 0.0% | 4.6% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 17 Cr | 17 Cr | 21 Cr | 21 Cr | 21 Cr | 29 Cr | 30 Cr | 32 Cr | 36 Cr | 37 Cr |
| Reserves | 152 Cr | 113 Cr | 219 Cr | 205 Cr | 269 Cr | 679 Cr | 856 Cr | 1,260 Cr | 2,045 Cr | 2,124 Cr |
| Borrowings | 474 Cr | 472 Cr | 381 Cr | 391 Cr | 339 Cr | 63 Cr | 35 Cr | 620 Cr | 643 Cr | 978 Cr |
| Other liabilities | 157 Cr | 178 Cr | 188 Cr | 307 Cr | 361 Cr | 440 Cr | 420 Cr | 830 Cr | 813 Cr | 1,216 Cr |
| Total liabilities | 801 Cr | 781 Cr | 809 Cr | 925 Cr | 990 Cr | 1,211 Cr | 1,342 Cr | 2,741 Cr | 3,537 Cr | 4,354 Cr |
| Fixed assets (net) | 96 Cr | 94 Cr | 106 Cr | 170 Cr | 235 Cr | 285 Cr | 279 Cr | 549 Cr | 815 Cr | 955 Cr |
| CWIP | 0.90 Cr | 0.07 Cr | 1 Cr | 0.79 Cr | 0 Cr | 11 Cr | 108 Cr | 128 Cr | 17 Cr | 116 Cr |
| Investments | 0.0029 Cr | 0.0029 Cr | 0.0029 Cr | 36 Cr | 37 Cr | 154 Cr | 344 Cr | 159 Cr | 497 Cr | 590 Cr |
| Inventories | 192 Cr | 178 Cr | 263 Cr | 289 Cr | 259 Cr | 434 Cr | 293 Cr | 604 Cr | 682 Cr | 875 Cr |
| Trade receivables | 214 Cr | 216 Cr | 162 Cr | 144 Cr | 180 Cr | 92 Cr | 136 Cr | 353 Cr | 429 Cr | 601 Cr |
| Cash & bank | 46 Cr | 17 Cr | 11 Cr | 12 Cr | 15 Cr | 13 Cr | 15 Cr | 54 Cr | 165 Cr | 135 Cr |
| Other assets | 252 Cr | 275 Cr | 267 Cr | 273 Cr | 263 Cr | 222 Cr | 168 Cr | 895 Cr | 933 Cr | 1,082 Cr |
| Total assets | 801 Cr | 781 Cr | 809 Cr | 925 Cr | 990 Cr | 1,211 Cr | 1,342 Cr | 2,741 Cr | 3,537 Cr | 4,354 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 12 Cr | 25 Cr | 51 Cr | 99 Cr | 120 Cr | 157 Cr | 371 Cr | -177 Cr | 57 Cr | 52 Cr |
| Cash from investing | 26 Cr | -14 Cr | 0.04 Cr | -39 Cr | 48 Cr | 107 Cr | -293 Cr | -537 Cr | 421 Cr | -286 Cr |
| Cash from financing | -54 Cr | -40 Cr | -57 Cr | -45 Cr | 3,453 Cr | 4,857 Cr | -75 Cr | 753 Cr | 473 Cr | 203 Cr |
| Net cash flow | -17 Cr | -28 Cr | -6 Cr | 15 Cr | 3,621 Cr | 5,121 Cr | 2 Cr | 40 Cr | 952 Cr | -30 Cr |
| Free cash flow (OCF − Capex) | -0.63 Cr | 12 Cr | 27 Cr | 61 Cr | 120 Cr | 157 Cr | 235 Cr | -866 Cr | 57 Cr | 52 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -1.3% | 1.2% | 9.3% | 10.9% | 9.7% | 20.4% | 25.0% | 10.2% | 10.8% | 8.5% |
| ROE % | -27.9% | -23.7% | 10.6% | 13.4% | 9.1% | 16.5% | 19.5% | 10.1% | 7.6% | 4.6% |
| Debtor days | 83 | 76 | 50 | 38 | 54 | 19 | 22 | 54 | 40 | 55 |
| Inventory days | 145 | 123 | 162 | 152 | 167 | 157 | 101 | 177 | 127 | 161 |
| Days payable | 64 | 68 | 53 | 60 | 72 | 43 | 29 | 54 | 44 | 64 |
| Cash conversion cycle | 164 | 132 | 159 | 130 | 149 | 133 | 95 | 177 | 123 | 152 |
| OCF / EBITDA % | — | — | 82.7% | 146.8% | 118.7% | 76.4% | 136.9% | -69.7% | 15.4% | 14.5% |
| OCF / EBITDA % (3 years) | — | — | n.m. | n.m. | 117.2% | 100.5% | 112.2% | 48.0% | 28.0% | -7.0% |
| Debt / equity | 2.80 | 3.61 | 1.58 | 1.73 | 1.17 | 0.09 | 0.04 | 0.48 | 0.31 | 0.45 |
| Current ratio | 0.83 | 0.76 | 0.93 | 0.85 | 0.95 | 2.12 | 2.54 | 1.37 | 1.89 | 1.50 |
| Net debt / EBITDA | — | — | 5.98 | 5.64 | 3.19 | 0.25 | 0.08 | 2.23 | 1.29 | 2.36 |