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Go Fashion (India) Limited
(GOCOLORS)
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Rating:59Neutral
Price Target:
₹341.00
▲(5.21% 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
Strong cash generation
Consistently positive operating and free cash flow indicates that reported profits are converting into internally generated funds. The sharp FY2026 free-cash-flow increase strengthens the company’s ability to support store expansion, working capital, and other investment without relying entirely on external financing.
Negative Factors
FY2026 revenue contraction
The FY2026 revenue decline interrupts the strong expansion recorded from FY2022 to FY2025 and indicates that demand or distribution growth has temporarily lost momentum. A sustained slowdown would reduce operating leverage and make it harder for the company to spread brand, store, and corporate costs over a larger sales base.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistently positive operating and free cash flow indicates that reported profits are converting into internally generated funds. The sharp FY2026 free-cash-flow increase strengthens the company’s ability to support store expansion, working capital, and other investment without relying entirely on external financing.
Read all positive factors
Go Fashion (India) Limited (GOCOLORS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.08B
Dividend YieldN/A
Average Volume (3M)9.30K
Price to Earnings (P/E)32.8
Beta (1Y)1.19
Revenue Growth-1.51%
EPS Growth-38.13%
CountryIN
Employees4,771
SectorGeneral
Sector StrengthN/A
IndustryApparel - Retail
Share Statistics
EPS (TTM)10.97
Shares Outstanding52,595,985
10 Day Avg. Volume4,091
30 Day Avg. Volume9,303
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)1.95
Price to Sales (P/S)1.60
P/FCF Ratio9.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹450.00Price Target Upside38.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)12.75
Revenue Forecast (FY)₹8.71B
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 com...
How the Company Makes Money
Go Fashion (India) Limited primarily makes money by selling Go Colors branded women’s bottom-wear through multiple distribution channels. Its core revenue stream is product sales: the company earns revenue when end customers purchase its items thr...
Go Fashion (India) Limited Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
67
Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.38B | 8.48B | 7.63B | 6.65B | 4.00B |
| Gross Profit | 2.17B | 5.37B | 2.06B | 4.04B | 2.40B |
| EBITDA | 2.37B | 2.68B | 2.63B | 2.27B | 1.41B |
| Net Income | 591.76M | 934.99M | 827.76M | 827.98M | 356.01M |
Balance Sheet | |||||
| Total Assets | 12.96B | 12.80B | 11.39B | 9.26B | 7.51B |
| Cash, Cash Equivalents and Short-Term Investments | 1.58B | 2.48B | 1.96B | 1.03B | 1.39B |
| Total Debt | 5.32B | 5.07B | 4.69B | 3.39B | 2.51B |
| Total Liabilities | 6.05B | 5.83B | 5.36B | 4.06B | 3.13B |
| Stockholders Equity | 6.90B | 6.97B | 6.04B | 5.20B | 4.38B |
Cash Flow | |||||
| Free Cash Flow | 1.40B | 1.59B | 1.75B | 686.62M | 131.61M |
| Operating Cash Flow | 1.80B | 1.99B | 2.19B | 1.04B | 330.19M |
| Investing Cash Flow | 230.06M | -755.88M | -1.29B | -275.68M | -584.18M |
| Financing Cash Flow | -2.06B | -1.23B | -1.08B | -840.89M | 642.08M |
Go Fashion (India) Limited Technical Analysis
Negative
324.10
Price Trends
333.14
Negative
331.55
Negative
354.48
Negative
Market Momentum
-3.23
Positive
46.16
Neutral
23.03
Neutral
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 324.1 is below the 20-day moving average (MA) of 332.70, below the 50-day MA of 333.14, and below the 200-day MA of 354.48, indicating a bearish trend. The MACD of -3.23 indicates Positive momentum. The RSI at 46.16 is Neutral, neither overbought nor oversold. The STOCH value of 23.03 is Neutral, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹1.50T | 60.91 | ― | 0.21% | 16.92% | 14.21% | |
67 Neutral | ₹101.83B | 57.60 | ― | 0.60% | ― | ― | |
64 Neutral | ₹4.75B | 10.98 | ― | 6.88% | -2.74% | -33.54% | |
59 Neutral | ₹17.08B | 32.83 | ― | ― | -1.51% | -38.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹79.51B | 43.03 | ― | ― | 63.30% | 117.94% | |
42 Neutral | ₹1.45B | 318.33 | ― | ― | 14.55% | ― |
* General Sector Average
IN:GOCOLORS
Go Fashion (India) Limited
324.80
-389.80
-54.55%
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Go Fashion (India) Limited Corporate Events
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 ...
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 Mem...
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.