Gokaldas Exports Limited (GOKEX)

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Gokaldas Exports Limited (GOKEX) · mywealthgrid

About

Gokaldas Exports Limited manufactures garments and apparels for domestic and export markets, operating in the consumer-discretionary textiles industry. With a market cap of ₹5,744 Cr and quarterly revenues ranging ₹671–₹1,154 Cr (standalone basis), the company is a mid-sized player in Indian apparel manufacturing.

Face value: ₹5

Market cap

₹5,049 Cr

P/E

49.0×

P/B

2.3×

Dividend yield

ROE

4.7%

ROCE

9.9%

Debt / equity

0.45

OPM

8.9%

EPS (TTM)

₹14.1

Book value

₹295.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Thin, volatile operating margins averaging 8.94% but ranging 6.56%–13.75% across quarters, leaving little buffer against input-cost inflation or demand softness

Extremely high PE ratio of 55.8x on a company with low ROE of 4.72%, suggesting valuation risk if earnings disappoint

Earnings lumpiness: net profit swings from ₹8.08 Cr to ₹68.64 Cr quarterly—verify whether seasonal, project-based, or from FX/hedging impacts, as forecasting reliability is low

As garment exporter, exposed to global apparel-demand cycles and rupee strength; verify customer concentration, order visibility, and currency hedging strategy

Generated analysis · source review pending

Growth drivers

Margin recovery: Operating margin reached 13.75% in Mar 2026 (standalone) but averages 8.94%; verify operational improvements, cost control, and product mix driving variance and if 13%+ levels are sustainable

Revenue stabilization: Quarterly revenues range ₹671–₹1,154 Cr with high volatility; verify if seasonality explains lumpiness, installed capacity headroom, and revenue visibility for growth

Export market recovery: verify GOKEX's export vs domestic revenue split, global apparel demand trends, India's cost competitiveness vs Bangladesh/Vietnam, and customer order book

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹688.8+1.5%1Y

Quick read

rule-based

Pros

+Profit CAGR of 30.5% over the last 5 years
+Revenue CAGR of 26.9% over the last 5 years

Cons

−Low return on equity of 8.7% (3-yr avg)
−Low promoter holding of 9.2%

Research score

Structured signal from quality, growth, valuation and momentum.

40/100

Business quality: 24
Growth: 51
Valuation: 46

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,144	1,032	1,175	1,365	1,211	1,790	2,222	2,379	3,864	3,988
COGS	—	10	-67	692	605	888	1,177	1,135	1,930	1,925
Gross profit	—	—	—	673	606	902	1,045	1,244	1,934	2,063
	—	1,045	1,180	606	504	697	774	990	1,563	1,707
	—	-23	62	67	101	206	271	254	371	356
OPM %	—	-2.3%	5.3%	4.9%	8.4%	11.5%	12.2%	10.7%	9.6%	8.9%
Depreciation	22	16	19	55	53	59	72	89	128	167
Interest	40	37	33	37	34	40	26	36	77	95
	78	47	22	55	12	11	31	30	53	77
Profit before tax	53	—	—	30	27	117	204	159	218	172
Tax	-8	1	—	0	0	-0	31	28	60	71
Tax %	-15%	—	—	0%	0.5%	-0%	15.4%	17.6%	27.3%	41.7%
	61	26	30	30	26	117	173	131	159	100
PAT margin %	5.4%	2.5%	2.6%	2.2%	2.2%	6.5%	7.8%	5.5%	4.1%	2.5%
EPS (₹)	17.7	-8.9	6.1	7.1	6.2	23.1	28.6	21.6	22.4	13.7
EPS adjusted (₹)	—	7.3	7.1	7.1	6.2	19.9	28.6	20.7	22.2	13.7
	0%	—	0%	0%	0%	0%	3.5%	0%	0%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	17	17	21	21	21	29	30	32	36	37
Reserves	189	113	219	205	269	679	856	1,260	2,045	2,124
	452	472	381	410	365	63	35	620	643	978
	207	178	188	288	335	440	420	830	813	1,216
Total equity & liabilities	866	781	809	925	990	1,211	1,342	2,741	3,537	4,354
	97	96	107	129	237	288	280	1,136	1,399	1,539
CWIP	2	0	1	1	0	11	108	128	17	116
Investments	0	0	36	36	37	154	344	159	497	590
	767	685	665	759	716	758	610	1,318	1,624	2,109
Total assets	866	781	809	925	990	1,211	1,342	2,741	3,537	4,354

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	49.3%	50%	50.4%	47%	52.3%	50%	51.7%
EBITDA margin %	5.3%	4.9%	8.4%	11.5%	12.2%	10.7%	9.6%	8.9%
EBIT margin %	3.6%	0.9%	4%	8.2%	9%	6.9%	6.3%	4.8%
PAT margin %	2.6%	2.2%	2.2%	6.5%	7.8%	5.5%	4.1%	2.5%
Working capital
Receivable days	50	38	54	19	22	54	41	55
Inventory days	86	153	156	178	91	194	129	166
Payable days	0	0	52	48	26	59	45	66
NWC days	136	191	159	149	87	189	124	155
Leverage
Current ratio	0.93	0.85	0.95	2.12	2.54	1.37	1.89	1.5
Debt to EBITDA	6.16	6.1	3.6	0.31	0.13	2.44	1.73	2.74
Debt to equity	1.58	1.81	1.26	0.09	0.04	0.48	0.31	0.45
Interest coverage	2	1.3	1.8	3.9	8.7	5.4	3.8	2.8
Asset turnover	1.45	1.48	1.22	1.48	1.66	0.87	1.09	0.92
Return ratios
Return on assets %	3.8%	3.3%	2.7%	9.7%	12.9%	4.8%	4.5%	2.3%
Return on capital employed %	33.6%	18.6%	18.5%	25.8%	24.7%	14.3%	13.8%	9.9%
Return on equity %	12.6%	13.4%	9.1%	16.5%	19.5%	10.1%	7.6%	4.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	11.06%	11.06%	10.58%	9.42%	9.39%	9.38%	9.38%	9.17%	9.16%	9.16%	9.15%	9.15%
	16.96%	20.46%	21.21%	26.55%	27.02%	26.54%	25.79%	24.89%	22.93%	23.71%	19.84%	14.46%
	32.68%	31.56%	30.04%	31.79%	33.77%	37.01%	36.83%	37.17%	38.95%	39.04%	37.59%	43.41%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	39.3%	36.92%	38.17%	32.24%	29.82%	27.07%	28%	28.77%	28.96%	28.09%	33.42%	32.98%
No. of shareholders	—	—	—	—	—	—	—	—	64,553	62,328	85,609	80,401

Promoter holding down 1.91 percentage points since Sep 2023.

50 deals · 5 Aug 2021 – 19 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Jun 2026	SBI LIFE INSURANCE COMPANY LTD	Bulk	NSE	Buy	4,00,000	₹814.79	₹32.59 Cr
4 Feb 2026	SOCIETE GENERALE	Bulk	NSE	Buy	5,02,221	₹807.18	₹40.54 Cr
4 Feb 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	4,83,621	₹800.97	₹38.74 Cr
4 Feb 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	4,66,888	₹801.05	₹37.40 Cr
4 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	4,49,396	₹803.85	₹36.12 Cr
4 Feb 2026	SHARE INDIA SECURITIES LIMITED	Bulk	NSE	Sell	4,49,391	₹814.17	₹36.59 Cr
4 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	4,48,451	₹803.29	₹36.02 Cr
4 Feb 2026	SHARE INDIA SECURITIES LIMITED	Bulk	NSE	Buy	4,46,341	₹813.93	₹36.33 Cr
4 Feb 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	4,10,596	₹807.25	₹33.15 Cr
4 Feb 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	4,04,734	₹806.01	₹32.62 Cr

1–10 of 50

1 / 5

Mr. MATHEW CYRIACNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. SIVARAMAKRISHNAN GANAPATHIExecutive Director-MD
Ms. RAMA BIJAPURKARNon-Executive - Independent Director
Mr. GEORGE VARUGHESENon-Executive - Independent Director
Mr. PRABHAT KUMAR SINGHExecutive Director
Ms. PAVITRA RAJARAMNon-Executive - Independent Director
Mr. Sathyamurthy AChief Financial Officer
Mr. Gourish HegdeCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 10 fund houses

Held by these funds

24.63%

of the company's equity

All mutual funds

34.58%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

21 schemes · 10 fund houses

		Shares
SMALL CAP FUND	Nippon India Mutual Fund	53.94 L	421.23	0.51%	7.359%	-0
Multi Asset Allocation Fund	SBI Mutual Fund	21.8 L	170.24	0.81%	2.974%	-0
Small Cap Fund	Axis Mutual Fund	20.51 L	160.14	0.51%	2.798%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	15.65 L	122.22	1.5%	2.135%	-0
SMALL CAP FUND	Tata Mutual Fund	15.04 L	117.44	0.9%	2.052%	-0
MNC Fund	SBI Mutual Fund	14 L	109.33	1.63%	1.91%	-0
Flexi Cap Fund	Helios Mutual Fund	10.47 L	81.75	0.93%	1.428%	+1.12 L
Flexi Cap Fund	Axis Mutual Fund	9.62 L	75.16	0.54%	1.313%	-0

1–8 of 21

1 / 3

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Analyst / investor meeting24 Sept 2026 · 7 days agomeeting

3

Final dividend13 Sept 2023 · ex-date₹1
Dividend dividend26 Aug 2008 · ex-date₹1
Dividend dividend8 Aug 2007 · ex-date₹2

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

24 announcementsExport CSV

30 Sept 2026, 3:39 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	49.3%	50%	50.4%	47%	52.3%	50%	51.7%
EBITDA margin %	5.3%	4.9%	8.4%	11.5%	12.2%	10.7%	9.6%	8.9%
EBIT margin %	3.6%	0.9%	4%	8.2%	9%	6.9%	6.3%	4.8%
PAT margin %	2.6%	2.2%	2.2%	6.5%	7.8%	5.5%	4.1%	2.5%
Working capital
Receivable days	50	38	54	19	22	54	41	55
Inventory days	86	153	156	178	91	194	129	166
Payable days	0	0	52	48	26	59	45	66
NWC days	136	191	159	149	87	189	124	155
Leverage
Current ratio	0.93	0.85	0.95	2.12	2.54	1.37	1.89	1.5
Debt to EBITDA	6.16	6.1	3.6	0.31	0.13	2.44	1.73	2.74
Debt to equity	1.58	1.81	1.26	0.09	0.04	0.48	0.31	0.45
Interest coverage	2	1.3	1.8	3.9	8.7	5.4	3.8	2.8
Asset turnover	1.45	1.48	1.22	1.48	1.66	0.87	1.09	0.92
Return ratios
Return on assets %	3.8%	3.3%	2.7%	9.7%	12.9%	4.8%	4.5%	2.3%
Return on capital employed %	33.6%	18.6%	18.5%	25.8%	24.7%	14.3%	13.8%	9.9%
Return on equity %	12.6%	13.4%	9.1%	16.5%	19.5%	10.1%	7.6%	4.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Page Industries LimitedPAGEINDPAGEIND	₹41,059 Cr	₹41,071 Cr	₹5,351 Cr	₹1,147 Cr	22%	₹756 Cr	14.6%	65.7%	52.5%	138
Arvind LimitedARVINDARVIND	₹13,997 Cr	₹15,438 Cr	₹9,798 Cr	₹1,067 Cr	10.8%	₹414 Cr	4.6%	16.2%	10.6%	73
Pearl Global Industries LimitedPGILPGIL	₹5,835 Cr	₹6,522 Cr	₹5,325 Cr	₹515 Cr	9.2%	₹310 Cr	5.4%	24.9%	21.2%	55
Gokaldas Exports LimitedGOKEXGOKEX	₹5,049 Cr	₹6,026 Cr	₹4,185 Cr	₹371 Cr	8.9%	₹103 Cr	2.5%	9.9%	4.7%	155
Lux Industries LimitedLUXINDLUXIND	₹3,287 Cr	₹3,867 Cr	₹2,933 Cr	₹187 Cr	6.1%	₹102 Cr	3.6%	10%	5.8%	263
Kewal Kiran Clothing LimitedKKCLKKCL	₹2,930 Cr	₹2,978 Cr	₹1,258 Cr	₹250 Cr	19.6%	₹148 Cr	12.6%	18.9%	16.1%	201
Sbc Exports LimitedSBCSBC	₹2,788 Cr	₹3,015 Cr	₹452 Cr	₹41 Cr	8.3%	₹40 Cr	6.3%	44.4%	37.2%	143
S. P. Apparels LimitedSPALSPAL	₹2,348 Cr	₹2,749 Cr	₹1,576 Cr	₹226 Cr	13.8%	₹105 Cr	6.4%	18.9%	11.2%	156
Kitex Garments LimitedKITEXKITEX	₹2,328 Cr	₹3,527 Cr	₹629 Cr	₹4 Cr	4.3%	₹-50 Cr	-2%	1.4%	-1.3%	173
Cantabil Retail India LimitedCANTABILCANTABIL	₹1,878 Cr	₹1,878 Cr	₹873 Cr	₹275 Cr	31%	₹97 Cr	11.2%	19.6%	22%	337
Dollar Industries LimitedDOLLARDOLLAR	₹1,543 Cr	₹1,820 Cr	₹1,887 Cr	₹205 Cr	10.6%	₹112 Cr	5.7%	17.1%	11.9%	236
Monte Carlo Fashions LimitedMONTECARLOMONTECARLO	₹1,082 Cr	₹1,411 Cr	₹1,286 Cr	₹220 Cr	17.8%	₹105 Cr	8.8%	17.5%	12.9%	384

Date	Category	Subject	Filing
30 Sept 2026, 3:39 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Sept 2026, 1:30 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Sept 2026, 6:39 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
21 Sept 2026, 6:59 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
16 Sept 2026, 10:18 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
13 Sept 2026, 10:50 am	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
6 Sept 2026, 7:00 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
6 Sept 2026, 6:54 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	83	12	25	51	99	120	157	371	-177	57	52
	-83	26	-14	0	-39	48	107	-293	-537	421	-286
	4	-55	-40	-57	-45	3,453	4,857	-75	753	473	203
Net cash flow	—	-17	-28	-6	15	3,621	5,121	2	39	951	-32
Free cash flow	75	—	—	—	—	84	77	235	-866	-134	-177
CFO / Operating profit %	—	—	—	82.8%	146.8%	118.7%	76.4%	136.9%	-69.7%	15.4%	14.5%

Gokaldas Exports Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

1

3

1

Announcements

Not in the F&O segment

1

3

1

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Gokaldas Exports Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Upcoming and recent1

Dividends3

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Upcoming and recent1

Dividends3

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

3

1

1

3

1