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Swing Capital

Gokaldas Exports Ltd

NSE: GOKEX BSE: 532630

Gokaldas Exports Limited is engaged in the business of design, manufacture, and sale of a wide range of garments for men, women, and children and caters to the needs of several leading international fashion brands and retailers [1]

₹667
52W: ₹531 — ₹1058
PE 25.3 · Book ₹312 · +114% vs book
Market Cap₹4,886 Cr
Stock P/E25.3Price to Earnings
ROCE12.1%Return on Capital
ROE9.68%Return on Equity
Div. Yield0%Face Value ₹5

Weaknesses

  • −Promoter holding is low: 9.15%
  • −Company has a low return on equity of 12.9% over last 3 years.
  • −Promoters have pledged 96.3% of their holding.
  • −Earnings include an other income of Rs.125 Cr.
  • −Dividend payout has been low at 2.38% of profits over last 3 years
  • −Debtor days have increased from 32.5 to 39.4 days.

Shareholding Pattern

Promoters9.15%
FIIs19.85%
DIIs37.58%
Public33.42%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters9.42%9.39%▼0.09.38%▼0.09.38%9.17%▼0.29.16%▼0.09.15%▼0.09.15%
FIIs26.55%27.02%▲0.526.54%▼0.525.79%▼0.824.88%▼0.922.93%▼1.923.71%▲0.819.85%▼3.9
DIIs31.79%33.77%▲2.037.01%▲3.236.82%▼0.237.17%▲0.438.94%▲1.839.03%▲0.137.58%▼1.5
Public32.26%29.82%▼2.427.08%▼2.727.99%▲0.928.78%▲0.828.97%▲0.228.1%▼0.933.42%▲5.3

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales497545583564632625655638688672
Expenses447479504512573560586576621616
Operating Profit50657952596569626656
OPM %10%12%14%9%9%10%10%10%10%8%
Net Profit31395836534953485339
EPS ₹5.116.449.235.137.376.917.396.567.255.39

AI Insights

Revenue Trend

TTM revenue at ₹2,653Cr, up 7.1% YoY. OPM at 10%.

Debt Position

Borrowings at ₹310Cr. Debt-to-equity ratio: 0.14x. Healthy balance sheet.

Capex Cycle

CWIP at ₹29Cr (7% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 37.58% (+5.27pp change). FIIs: 19.85% (+3.65pp change). Promoters hold 9.15%.

Margin & Efficiency

ROCE improving from 5% (Mar 2014) to 12% (Mar 2025). Working capital days: 49.

Valuation

PE 25.3x with 12.1% ROCE. Price is 114% above book value of ₹312. Dividend yield: 0%.

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