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Go Fashion (India) Limited (GOCOLORS) AI Stock Analysis

IN:GOCOLORS

Go Fashion (India) Limited

(NSE:GOCOLORS)

Select Model
Rating:59Neutral
Price Target:INR 254.00â–²(4.38% Upside)
Action:reiterated
Date:09/06/26

The score is anchored by solid underlying financial performance, particularly strong and improving free cash flow and a generally moderate leverage profile. Offsetting this, technical signals are weak (below major moving averages with negative MACD), and valuation (P/E ~32.7) looks less forgiving given the FY2026 slowdown in revenue and profitability.

Positive Factors
Focused apparel platformA focused women’s bottom-wear proposition gives the company a clear category identity and a broad product range within that niche. This specialization can support consistent merchandising, customer recognition, and repeat purchasing across multiple apparel formats over the next several quarters.
Negative Factors
FY2026 growth slowdownThe latest year interrupts the company’s earlier revenue expansion and shows weaker earnings momentum at the same time. If this slowdown persists, it could reduce operating leverage, constrain reinvestment capacity, and make the recovery of prior profitability more dependent on renewed sales growth.

Go Fashion (India) Limited (GOCOLORS) vs. iShares MSCI India ETF (INDA)

-70%-60%-50%-40%-30%-20%-10%0%10%IN:GOCOLORS-62.31%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 15.46B
Dividend Yield
―
Average Volume (3M)
7,249
Price to Earnings (P/E)
24.3
Beta (1Y)
1.09
Revenue Growth
-1.51%
EPS Growth
-38.13%
Country
India
Employees
4,771
Sector
General
Sector Strength
55
Industry
Apparel - Retail

Go Fashion (India) Limited Business Overview & Revenue Model

Company Description

Operating within India, Go Fashion (India) Limited manages the complete spectrum of women's bottom-wear and children's apparel, from initial design and development to sourcing, marketing, and sales, primarily under its "Go Colors" brand. Their compre...

Go Fashion (India) Limited Financial Statement Overview

Summary

Financial quality is solid overall, supported by consistently positive operating/free cash flow and a reasonably levered balance sheet. However, FY2026 shows a growth and earnings slowdown (revenue decline and notably lower net income vs FY2025) alongside rising absolute debt, which tempers the otherwise strong multi-year improvement.

Income Statement

60Neutral

Balance Sheet

67Positive

Cash Flow

74Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue8.38B8.38B8.48B7.63B6.65B4.00B
Gross Profit2.14B2.17B5.37B2.06B4.04B2.40B
EBITDA2.58B2.37B2.68B2.63B2.27B1.41B
Net Income534.06M591.76M934.99M827.76M827.98M356.01M
Balance Sheet
Total Assets012.96B12.80B11.39B9.26B7.51B
Cash, Cash Equivalents and Short-Term Investments1.58B1.58B2.48B1.96B1.03B1.39B
Total Debt05.32B5.07B4.69B3.39B2.51B
Total Liabilities-6.90B6.05B5.83B5.36B4.06B3.13B
Stockholders Equity6.90B6.90B6.97B6.04B5.20B4.38B
Cash Flow
Free Cash Flow754.98M1.40B1.59B1.75B686.62M131.61M
Operating Cash Flow951.10M1.80B1.99B2.19B1.04B330.19M
Investing Cash Flow-239.25M230.06M-755.88M-1.29B-275.68M-584.18M
Financing Cash Flow-679.17M-2.06B-1.23B-1.08B-840.89M642.08M

Go Fashion (India) Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price243.35

Price Trends

50DMA303.85Negative
100DMA325.72Negative
200DMA323.75Negative

Market Momentum

MACD-15.66Positive
RSI21.69Positive
STOCH14.68Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOCOLORS, the sentiment is Negative. The current price of 243.35 is below the 20-day moving average (MA) of 276.50, below the 50-day MA of 303.85, and below the 200-day MA of 323.75, indicating a bearish trend. The MACD of -15.66 indicates Positive momentum. The RSI at 21.69 is Positive, neither overbought nor oversold. The STOCH value of 14.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GOCOLORS.

Go Fashion (India) Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:GOCOLORS against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:TRENTIN:TRENT67NeutralINR 1.61T68.40―0.20%18.45%16.89%
IN:GOCOLORSIN:GOCOLORS59NeutralINR 12.80B24.28――-1.51%-38.13%
IN:V2RETAILIN:V2RETAIL57NeutralINR 54.31B29.11――63.30%117.94%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:MUFTIIN:MUFTI54NeutralINR 4.56B10.58―2.87%-2.74%-33.54%
IN:ABLBLIN:ABLBL52NeutralINR 85.91B48.63―0.71%――
IN:INDTERRAININ:INDTERRAIN44NeutralINR 1.46B308.89――14.55%―

* General Sector Average

Performance Comparison

-60%-40%-20%0%IN:GOCOLORSIN:INDTERRAININ:MUFTIIN:TRENTIN:V2RETAILIN:ABLBLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:GOCOLORS and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:GOCOLORSGo Fashion (India) Limited243.35-395.55-61.91%
IN:INDTERRAINIndian Terrain Fashions Limited28.90-9.51-24.76%
IN:MUFTICredo Brands Marketing Limited69.78-39.49-36.14%
IN:TRENTTrent Limited3015.10-122.13-3.89%
IN:V2RETAILV2 Retail Limited148.95-100.56-40.30%
IN:ABLBLAditya Birla Lifestyle Brands Limited70.39-64.94-47.99%

Go Fashion (India) Limited Corporate Events

Go Fashion schedules analyst and investor meetings in Mumbai

Sep 22, 2026

Go Fashion (India) Limited has scheduled one-on-one and group meetings with analysts and institutional investors in Mumbai on 28 September 2026, starting from 9:00 a.m., as part of its ongoing investor engagement activities. The company emphasized th...

Go Fashion sets September 8, 2026 virtual AGM and releases FY26 annual report

Aug 17, 2026

Go Fashion (India) Limited has scheduled its 16th Annual General Meeting for September 8, 2026, to be conducted via video conferencing and other audio-visual means in line with regulatory guidelines. The company has released its Annual Report for fin...

Go Fashion Sets Record Date and Book Closure for 16th AGM

Aug 17, 2026

Go Fashion (India) Limited has scheduled its 16th Annual General Meeting for the financial year 2025-26 on 8 September 2026, setting 1 September 2026 as the record date to determine eligible shareholders. The company will close its Register of Member...

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.

Date of analysis: Sep 06, 2026