NSEI:GOKEX

Stock Analysis Report

Executive Summary

Gokaldas Exports Limited designs, manufactures, and sells a range of garments and related products in India.


Snowflake Analysis

Solid track record with reasonable growth potential.


Similar Companies

Share Price & News

How has Gokaldas Exports's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GOKEX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.7%

GOKEX

-4.4%

IN Luxury

-3.5%

IN Market


1 Year Return

-11.0%

GOKEX

12.8%

IN Luxury

5.2%

IN Market

Return vs Industry: GOKEX underperformed the Indian Luxury industry which returned 12.8% over the past year.

Return vs Market: GOKEX underperformed the Indian Market which returned 5.2% over the past year.


Shareholder returns

GOKEXIndustryMarket
7 Day0.7%-4.4%-3.5%
30 Day-4.9%-1.4%-3.9%
90 Day-16.7%6.0%-2.1%
1 Year-11.0%-11.0%13.5%12.8%7.2%5.2%
3 Year6.1%6.1%45.8%44.0%18.9%12.4%
5 Year23.0%23.0%97.3%93.7%29.4%17.7%

Price Volatility Vs. Market

How volatile is Gokaldas Exports's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gokaldas Exports undervalued compared to its fair value and its price relative to the market?

7.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GOKEX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GOKEX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GOKEX is good value based on its PE Ratio (7.8x) compared to the Luxury industry average (10.6x).

PE vs Market: GOKEX is good value based on its PE Ratio (7.8x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: GOKEX is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: GOKEX is overvalued based on its PB Ratio (1.1x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Gokaldas Exports forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

37.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOKEX's forecast earnings growth (37.7% per year) is above the savings rate (6.5%).

Earnings vs Market: GOKEX's earnings (37.7% per year) are forecast to grow faster than the Indian market (20.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GOKEX's revenue (11.6% per year) is forecast to grow faster than the Indian market (9% per year).

High Growth Revenue: GOKEX's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GOKEX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Gokaldas Exports performed over the past 5 years?

8.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOKEX has high quality earnings.

Growing Profit Margin: GOKEX's current net profit margins (2.6%) are higher than last year (1%).


Past Earnings Growth Analysis

Earnings Trend: GOKEX's earnings have grown by 8% per year over the past 5 years.

Accelerating Growth: GOKEX's earnings growth over the past year (206.8%) exceeds its 5-year average (8% per year).

Earnings vs Industry: GOKEX earnings growth over the past year (206.8%) exceeded the Luxury industry 6.4%.


Return on Equity

High ROE: GOKEX's Return on Equity (14%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Gokaldas Exports's financial position?


Financial Position Analysis

Short Term Liabilities: GOKEX's short term assets (₹5.4B) do not cover its short term liabilities (₹6.1B).

Long Term Liabilities: GOKEX's short term assets (₹5.4B) exceed its long term liabilities (₹305.9M).


Debt to Equity History and Analysis

Debt Level: GOKEX's debt to equity ratio (154.6%) is considered high.

Reducing Debt: GOKEX's debt to equity ratio has reduced from 209.3% to 154.6% over the past 5 years.

Debt Coverage: GOKEX's debt is not well covered by operating cash flow (4.9%).

Interest Coverage: GOKEX's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet

Inventory Level: GOKEX has a high level of physical assets or inventory.

Debt Coverage by Assets: GOKEX's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

What is Gokaldas Exports's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.7%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate GOKEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GOKEX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GOKEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GOKEX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GOKEX is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GOKEX's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Siva Ganapathi (52yo)

2.3yrs

Tenure

0

Mr. Sivaramakrishnan Vilayur Ganapathi, also known as Siva, has been the Chief Executive Officer and Managing Director of Gokaldas Exports Limited since October 03, 2017. Mr. Ganapathi oversees the positio ...


Leadership Team

NamePositionTenureCompensationOwnership
Sivaramakrishnan Ganapathi
CEO, MD & Additional Director2.3yrsno datano data
A. Sathyamurthy
Chief Financial Officer4.3yrs₹12.79mno data
Prabhat Singh
Whole-Time Director1.3yrsno datano data
Poorna Seenivasan
President0yrsno datano data
R. V. Sudarshan
Company Secretary & Compliance Officer0.8yrsno datano data

2.3yrs

Average Tenure

Experienced Management: GOKEX's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sivaramakrishnan Ganapathi
CEO, MD & Additional Director2.3yrsno datano data
Prabhat Singh
Whole-Time Director1.3yrsno datano data
Mathew Cyriac
Non-Executive Director12yrs₹1.52mno data
Richard Saldanha
Independent Chairman of the Board8.8yrs₹1.52mno data
Anuradha Sharma
Non-Executive Independent Director2.3yrs₹1.28mno data
Gautham Madhavan
Non-Executive Director1.3yrs₹160.00k0.58% 16.2m

2.3yrs

Average Tenure

52yo

Average Age

Experienced Board: GOKEX's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GOKEX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.1%.


Top Shareholders

Company Information

Gokaldas Exports Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gokaldas Exports Limited
  • Ticker: GOKEX
  • Exchange: NSEI
  • Founded: 2004
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹2.787b
  • Shares outstanding: 42.82m
  • Website: https://www.gokaldasexports.com

Location

  • Gokaldas Exports Limited
  • No. 16/2, Residency Road
  • Bengaluru
  • Karnataka
  • 560025
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532630BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2005
GOKEXNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2005

Biography

Gokaldas Exports Limited designs, manufactures, and sells a range of garments and related products in India. Its products include jackets, shirts, suits, and lowers for men; and jackets, tops, and lowers for women, as well as garments for children. The company serves international fashion brands and retailers. It also exports its products to the United States, Europe, Latin America, and the Middle East. The company was incorporated in 2004 and is based in Bengaluru, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 12:55
End of Day Share Price2020/02/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.