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Gokaldas Exports Limited
(GOKEX)
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Rating:49Neutral
Price Target:
₹625.00
▼(-13.04% Downside)
Action:Reiterated
Date:09/19/26
The score is held back primarily by weak cash flow consistency (negative operating cash flow in FY2026 and negative free cash flow for three consecutive years) and recent margin compression, despite strong revenue growth. Technicals add pressure due to a bearish trend (below key moving averages and negative MACD), while valuation remains expensive with a high P/E and no dividend support.
Positive Factors
Strong Revenue Growth
Strong revenue expansion indicates that Gokaldas Exports is increasing production or order volumes with international apparel customers. If sustained, this growth can improve factory utilization, deepen customer relationships, and create operating scale across its export manufacturing platform.
Negative Factors
Persistent Negative Cash Flow
Sustained negative free cash flow weakens the conversion of accounting growth into internally generated funds. It may constrain reinvestment, increase reliance on external financing, and reduce flexibility if working-capital needs or factory investment remain elevated over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Strong revenue expansion indicates that Gokaldas Exports is increasing production or order volumes with international apparel customers. If sustained, this growth can improve factory utilization, deepen customer relationships, and create operating scale across its export manufacturing platform.
Read all positive factors
Gokaldas Exports Limited (GOKEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹46.06B
Dividend Yield0.13%
Average Volume (3M)31.98K
Price to Earnings (P/E)44.8
Beta (1Y)1.69
Revenue Growth7.65%
EPS Growth-41.72%
CountryIN
Employees41,149
SectorGeneral
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)14.06
Shares Outstanding73,277,626
10 Day Avg. Volume14,796
30 Day Avg. Volume31,980
Financial Highlights & Ratios
PEG Ratio-1.09
Price to Book (P/B)1.96
Price to Sales (P/S)1.06
P/FCF Ratio-17.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)33.25
Revenue Forecast (FY)₹47.67B
Gokaldas Exports Limited Business Overview & Revenue Model
Company Description
Gokaldas Exports Limited is an enterprise dedicated to the development, production, and distribution of a wide variety of apparel and associated goods, serving both domestic Indian and international markets. Its diverse product range spans outerwe...
How the Company Makes Money
Gokaldas Exports primarily makes money by manufacturing finished garments for third-party customers (typically global apparel brands and retailers) and exporting those products. Its revenue model is business-to-business (B2B) contract manufacturin...
Gokaldas Exports Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
60
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.85B | 39.88B | 36.71B | 22.43B | 22.22B | 17.90B |
| Gross Profit | 9.46B | 5.43B | 15.81B | 10.22B | 10.33B | 8.58B |
| EBITDA | 4.22B | 4.34B | 4.24B | 2.74B | 3.02B | 2.16B |
| Net Income | 1.03B | 1.00B | 1.59B | 1.31B | 1.73B | 1.17B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 43.54B | 35.37B | 27.41B | 13.42B | 12.11B |
| Cash, Cash Equivalents and Short-Term Investments | 4.25B | 4.25B | 4.85B | 2.83B | 3.69B | 1.67B |
| Total Debt | 0.00 | 12.73B | 8.45B | 8.05B | 1.54B | 1.93B |
| Total Liabilities | -21.60B | 21.94B | 14.56B | 14.50B | 4.56B | 5.03B |
| Stockholders Equity | 21.60B | 21.60B | 20.81B | 12.91B | 8.86B | 7.08B |
Cash Flow | ||||||
| Free Cash Flow | -13.96M | -2.39B | -1.34B | -8.66B | 2.33B | 373.87M |
| Operating Cash Flow | 1.09B | -107.16M | 571.96M | -1.77B | 3.69B | 1.17B |
| Investing Cash Flow | -2.16B | -2.90B | -4.21B | -5.37B | -2.91B | -522.92M |
| Financing Cash Flow | -45.04M | 2.69B | 4.73B | 7.53B | -754.32M | -430.17M |
Gokaldas Exports Limited Technical Analysis
Negative
718.75
Price Trends
720.35
Negative
762.76
Negative
717.01
Negative
Market Momentum
-20.43
Positive
33.88
Neutral
16.07
Positive
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 673.27, below the 50-day MA of 720.35, and above the 200-day MA of 717.01, indicating a bearish trend. The MACD of -20.43 indicates Positive momentum. The RSI at 33.88 is Neutral, neither overbought nor oversold. The STOCH value of 16.07 is Positive, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹109.85B | 35.41 | ― | 0.61% | 13.75% | 22.95% | |
63 Neutral | ₹381.12B | 36.66 | ― | 0.45% | 6.43% | 24.09% | |
62 Neutral | ₹383.25B | 50.91 | ― | 1.75% | 7.57% | -1.16% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹46.06B | 44.76 | ― | 0.13% | 7.65% | -41.72% | |
44 Neutral | ₹22.54B | -94.05 | ― | 0.44% | -36.44% | -118.03% | |
42 Neutral | ₹47.08B | -6.05 | ― | ― | -27.21% | -53.22% |
* General Sector Average
IN:GOKEX
Gokaldas Exports Limited
628.55
-249.85
-28.44%
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113.00
-89.41
-44.17%
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1,115.00
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4.08%
IN:PAGEIND
Page Industries Limited
34,360.30
-5,723.96
-14.28%
IN:PGIL
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1,189.10
536.10
82.10%
Gokaldas Exports Limited Corporate Events
Gokaldas Exports Plans Investor and Analyst Meeting on September 24
Sep 21, 2026
Gokaldas Exports Limited has scheduled a virtual meeting on September 24, 2026, in Bengaluru between its senior management and a group of institutional investors and research analysts, including Trinetra Asset Managers, JHP Securities, Coheron Wea...
Gokaldas Exports Schedules Investor Meeting with Motilal Oswal
Sep 16, 2026
Gokaldas Exports Limited has announced a scheduled meeting between its senior management and institutional investors and research analysts from Motilal Oswal Financial Services Ltd. The one-to-one virtual meeting will be held on September 21, 2026...
Gokaldas Exports Plans Mid-September Meetings With Institutional Investors
Sep 13, 2026
Gokaldas Exports Limited has scheduled meetings between its senior management and institutional investors and research analysts in mid-September 2026. The company will hold a one-to-one physical meeting with PL Capital in Bengaluru on September 17...
Gokaldas Exports Publishes AGM Notice in Line with SEBI Disclosure Norms
Sep 6, 2026
Gokaldas Exports Limited has notified stock exchanges that it has published a notice of its upcoming Annual General Meeting in two newspapers, Financial Express (English) and Navarashtra (Marathi), in line with Regulation 47 of the SEBI Listing Ob...
Gokaldas Exports Plans Investor Meeting With Zaaba Capital
Aug 17, 2026
Gokaldas Exports Limited has scheduled a one-to-one virtual meeting between its senior management and institutional investor Zaaba Capital on August 20, 2026, to be hosted from Bengaluru. The engagement underscores the company’s ongoing outr...
Gokaldas Exports Publishes Shareholder Voting Results on BRFL Textiles Amalgamation
Aug 1, 2026
Gokaldas Exports Limited has disclosed the scrutinizer’s report and voting results from its court-convened equity shareholders’ meeting held on July 31, 2026, conducted via video conferencing under directions from the National Company ...
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.