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Gokaldas Exports Ltd share Price Today

Company details

847.05
878.00
373.60
1,022.95
6M Return -8.02%
1Y Return 117.46%
Mkt Cap.(Cr) 6,117.82
Volume 165,665
Div Yield 0.10%
OI
-
OI Chg %
-
Volume 165,665

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Textiles company Gokaldas Exports announced Q2FY24 & H1FY24 results:

Financial Performance:
1. Gokaldas Exports reported consolidated revenue of Rs 509.0 crore for Q2FY24, showing a decline of 11.7% YoY.
2. Profit before tax for Q2FY24 stood at Rs 29.3 crore, compared to Rs 49.0 crore in Q2FY23, marking a decline of 40.1%.
3. The EBITDA margin for Q2FY24 was 11.0%, a decrease of 151 bps compared to Q2FY23.
4. The company's total income for H1FY24 was Rs 1,031.2 crore, representing a YoY decline of 13.3%.
5. H1FY24 profit before tax was Rs 72.5 crore, a decrease of 27.4% compared to H1FY23.

Commenting on the company's second-quarter performance, Siva Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports said, "Our performance reflects lean demand from major brands, given that they were carrying excess inventory. We ramped up our labour force in Q2 in preparation for the third quarter, resulting in increased cost. We are expecting improved momentum in the second half of the year as we are seeing growing traction in customer orders. We will stay focused on improving operating parameters and are confident of the medium to long-term prospects of the company."

 

 

Result PDF

View Other Company Results

Gokaldas Exports Ltd shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (4)

  • Negative profit growth, promoters decreasing shareholding QoQ
  • Degrowth in Revenue and Profit
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (4)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • Highest Recovery from 52 Week Low

Threats (3)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 876.4
R2 892.7
R3 907.4
Pivot

861.73

S1 845.5
S2 830.8
S3 814.5
EMA SMA
834.7
822.8
818.7
770.2
839.0
795.3
833.7
812.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GOVERNMENT PENSION FUND GLOBAL Bulk Sell 2024-04-02 777.05 347198 NSE
NORGES BANK ON ACCOUNT OF THE GOVERNMENT PENSION FUND GLOBAL Bulk Purchase 2024-03-15 733.21 347198 NSE
UBS PRINCIPAL CAPITAL ASIA LIMITED Bulk Sell 2024-03-15 730.92 390672 NSE
Name Category Shares
CLEAR WEALTH CONSULTANCY SERVICES LLP PROMOTER 9.08%

OUR RESEARCH VIEW

Investment recommendation
Call Date
24 Jan 2022
Entry Price 369.00
Target Price 480.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Gokaldas Exports Ltd Stocks COMPARISON

Financials( in Cr) Gokaldas Exports Ltd Page Industries Ltd K P R Mill Ltd Kewal Kiran Clothing Ltd Dollar Industries Ltd
Price 860.15 35,554.90 800.80 680.95 574.60
% Change -0.94 -0.07 0.23 3.99 -2.31
Mcap Cr 6,117.82 39,657.94 27,372.47 4,196.35 3,258.90
Revenue TTM Cr 2,222.20 4,788.64 6,208.06 779.45 1,393.83
Net Profit TTM Cr 172.97 571.25 814.10 119.02 52.45
PE TTM 45.66 73.50 34.00 28.31 36.17
1 Year Return 117.46 -14.93 38.24 37.45 57.38
ROCE 21.20 53.56 26.10 27.84 9.10
ROE 19.58 46.45 22.66 23.22 7.61
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 886.25 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,796.39 -24,413.80
LAST 3M 102,786.44 -26,675.26
LAST 6M 169,824.52 52,410.32
LAST 12M 262,867.28 126,756.31
NSE Board Meetings Forthcomming

May 26, 2024 l NSE Board Meetings Forthcomming

Gokaldas Exports Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 24, 2024 l NSE Announcement

Gokaldas Exports to conduct board meeting

May 23, 2024 l BSE Announcement

Date Action Type Ratio
Sep 13, 2023 Dividend 20

Gokaldas Exports Ltd Information

Stock PE (TTM)
45.66
Promoter Holding
9.43%
Book Value
254.3885
ROCE
21.2%
ROE
19.58%
Description
  • Gokaldas Exports Ltd (GEL) was incorporated on March 1, 2004 by converting the erstwhile partnership firm Gokaldas India. The Company currently operates a 100% Export Oriented Unit, a Domestic Tariff Area Unit and a Special Economic Zone Unit. GEL is a major player in the readymade garment industry across the globe. The company which is an ISO 9001:2000 Certified Company is one of the largest manufacturer/exporter of Outerwear, Blazers and Pants (Formal and Casuals), Shorts, Shirts, Blouses, Denim Wear, Swim Wear, Active and Sports Wear. The subsidiaries of the company are Madhin Trading Pvt Ltd, Magenta Trading Pvt Ltd, Rafter Trading Pvt Ltd, Reflextion Trading Pvt Ltd, Deejay Trading Pvt Ltd, Rishikesh Apparels Ltd, Vignesh Apparels Pvt Ltd, SNS Clothing Pvt Ltd, Seven Hills Clothing Pvt Ltd, Glamourwear Apparels Pvt Ltd, Rajdin Apparels and All Colour Garments Pvt Ltd. Gokaldas Exports Pvt Ltd and Unique Creations (Bangalore) Pvt Ltd was merged with the company with effect from 1st April 2004. During 2004-05 the company has set up three new factories each at Bommasandra Industrial Area, Bangalore : at Yeshwanthpur, Bangalore and one at Doddaballapur Bangalore. Further the company has also planning to set up a unit at Madras Export Processing Zone(MEPZ), Chennai. During March 2005 the company made a madien public offer of 31,25,000 equity shares with a price brand of Rs.375/- to Rs.425/- and with this issue the paid up capital of he company has risied to Rs.17,18,80,000/-. The new state-of-the-art laundry facility at Bangalore had been commissioned in June`06. The company also commissioned knit wear unit at Bangalore during 2005-2006 The expansion programme at Chennai, Hyderabad, Mysore and Bangalore is also under progress during the year The company has also initiated the process of buying the machinery for manufacture of structured suits and the company intend to set up suit plant in Bangalore very shortly. The Company installed the highest capex of Rs 105 Crores in 2006-07 and new plants were commissioned like Suit Plant at Peenya, Bangalore; Trouser Unit at Yelahanka; Trouser Unit at Yeshwanthpur, Bangalore; Knitwear Unit at Houser Road, Bangalore and Apparel Unit at SEZ, Chennai (MEPZ Tambaram). Besides other 3 units commissioned comprised the New factory at Tumkur; in Mysore and in Hyderabad.

Registered Address

16/2 Prestige Dot Com, Residency Road, Bangalore, Karnataka, 560025

Tel : 91-080-22223600/01/02/41272200
Email : investorcare:gokaldasexports.com
Website : http://www.gokaldasexports.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532630
NSE Code : GOKEX
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE887G01027

FAQ’s on Gokaldas Exports Ltd Shares

You can buy Gokaldas Exports Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Gokaldas Exports Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:59 PM the closing price of Gokaldas Exports Ltd was Rs.860.15.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:59 PM, the market cap of Gokaldas Exports Ltd stood at Rs. 6,117.82.

The latest PE ratio of Gokaldas Exports Ltd as of May 24, 2024 03:59 PM is 45.66

The latest PB ratio of Gokaldas Exports Ltd as of May 24, 2024 03:59 PM is 0.30

The 52-week high of Gokaldas Exports Ltd share price is Rs. 1,022.95 while the 52-week low is Rs. 373.60

According to analyst recommendations, Gokaldas Exports Ltd Share has a "Buy" rating for the long term.

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