Gokaldas Exports Ltd.
NSE: GOKEX · Garments & Apparels · sector
₹647.30NSE close 2026-10-26
Key numbers
Market cap₹4,743 cr
Price₹647.30
52w high / low₹955 / ₹531
P/E46.0xSector median 15.0x
P/B2.2xSector median 1.5x
Book value₹294.8
Dividend yield–Sector median 0.84%
ROE4.9%Sector median 10.6%
ROCE8.9%Sector median 9.9%
OPM8.8%Sector median 8.6%
Debt / equity0.45xSector median 0.33x
EV/EBITDA14.3xSector median 9.3x
Interest cover2.7x
Current ratio1.50x
Sales growth 3y+21.5%Sector median +6.2%
Profit growth 3y-16.7%Sector median +11.5%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 43 companies in Garments & Apparels (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹425 cr vs borrowings ₹978 cr (FY26): borrowings are higher by ₹553 cr.
- Borrowings rose in each of the last 3 years (₹35 cr → ₹978 cr).
- Operating profit covered interest 2.7x in the last 12 months.
- 96.28% of the promoters' shares are pledged (8.8% of all shares).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY24).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 81% of net profit in the last 12 months.
- Dividend paid in 1 of the last 5 financial years.
- Price ₹647.30 on 2026-10-26: -32.2% from the 52-week high, +21.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,225.25 · low ₹550.05
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 929 | 988 | 1,015 | 956 | 984 | 979 | 1,069 | 1,154 |
| EBITDA | 70 | 104 | 123 | 97 | 65 | 77 | 117 | 112 |
| OPM % | 7.5% | 10.5% | 12.1% | 10.2% | 6.6% | 7.9% | 10.9% | 9.8% |
| Other income | 13 | 13 | 20 | 21 | 19 | 20 | 18 | 27 |
| Net profit | 28 | 50 | 53 | 41 | 8 | 15 | 36 | 44 |
| EPS (₹) | 3.94 | 7.04 | 7.40 | 5.73 | 1.10 | 2.00 | 4.91 | 6.05 |
| Revenue YoY | +6.0% | -0.9% | +5.3% | +20.7% | ||||
| Profit YoY | -71.3% | -71.0% | -32.0% | +6.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,790 | 2,222 | 2,379 | 3,864 | 3,988 | 4,185 |
| EBITDA | 206 | 277 | 254 | 371 | 356 | 371 |
| Net profit | 117 | 173 | 131 | 159 | 100 | 103 |
| EPS (₹) | 23.08 | 28.60 | 21.55 | 22.36 | 13.71 | 14.06 |
| Revenue growth | +24.1% | +7.1% | +62.4% | +3.2% | +7.7% | |
| Profit growth | +47.7% | -24.3% | +21.1% | -36.8% | -40.4% | |
| Dividend / share (₹) | – | – | 1.00 | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +21.5% | +26.9% | +7.7% |
| Net profit | -16.7% | +30.5% | -40.4% |
| EPS | -21.7% | +17.3% | – |
| Share price | – | -12.5% (2y) | -14.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 886 | 1,291 | 2,081 | 2,160 |
| Borrowings | – | 35 | 620 | 643 | 978 |
| Cash & equivalents | – | 368 | 283 | 485 | 425 |
| Total assets | – | 1,342 | 2,741 | 3,537 | 4,354 |
| Fixed assets | – | 279 | 549 | 815 | 955 |
| Capital work in progress | – | 108 | 128 | 17 | 116 |
| Investments | – | 0 | 3 | 178 | 301 |
| Receivables | – | 136 | 353 | 429 | 601 |
| Inventory | – | 293 | 604 | 682 | 875 |
| Payables | – | 84 | 184 | 238 | 349 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 157 | 371 | -177 | 57 | 52 |
| Cash from investing | 107 | -293 | -537 | 421 | -286 |
| Cash from financing | 4,857 | -75 | 753 | 473 | 203 |
| Capex | 80 | 135 | 689 | 191 | 228 |
| Free cash flow | 77 | 235 | -866 | -134 | -177 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 19.5% | 10.1% | 7.6% | 4.6% |
| ROCE % | – | 25.0% | 10.2% | 10.8% | 8.5% |
| Debtor days | – | 22 | 54 | 41 | 55 |
| Inventory days | – | 91 | 194 | 129 | 166 |
| Payable days | – | 26 | 59 | 45 | 66 |
| Cash conversion cycle (days) | – | 87 | 189 | 125 | 155 |
| Working capital days | – | 88 | 57 | 82 | 69 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 9.15% |
| FIIs | 13.42% |
| DIIs | 44.78% |
| of which Mutual funds | 33.44% |
| of which Insurance | 9.95% |
| Public (non-institutions) | 32.65% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 9.38% | 9.38% | 9.17% | 9.16% | 9.16% | 9.15% | 9.15% | 9.15% |
| Promoter group | % |
|---|---|
| Clear Wealth Consultancy Services LLP | 8.81% |
| Gautham Madhavan | 0.34% |
| Public holders above 1% | % |
|---|---|
| Nippon Life India Trustee Ltd-a/c Nippon India SMA | 7.42% |
| SBI MNC Fund | 5.68% |
| SBI Life Insurance Co. Ltd | 5.21% |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual F | 4.11% |
| HSBC Mutual Fund - HSBC Small CAP Fund | 3.56% |
| Aditya Birla SUN Life Mutual Fund - Aditya Birla S | 2.75% |
| Tata Mutual Fund - Tata Small CAP Fund | 2.62% |
| Goldman Sachs Funds - Goldman Sachs India Equity P | 2.41% |
| Helios Small CAP Fund | 2.40% |
| Motilal Oswal BSE 1000 Index Fund | 2.38% |
| Sivaramakrishnan Ganapathi | 1.91% |
| Matrix Clothing Private Limited | 1.58% |
| Union Multi Asset Allocation Fund | 1.48% |
| ICICI Lombard General Insurance Company Ltd | 1.44% |
| Vanguard Total International Stock Index Fund | 1.26% |
74,290 shareholders. Pledged: 96.28% of promoter shares.
Peers in Garments & Apparels
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PAGEIND | ₹37,823 cr | 50.0x | 25.2x | 52.0% | 70.2% | 20.8% | +3.1% | 1.77% |
| ARVIND | ₹12,646 cr | 30.5x | 3.1x | 10.6% | 14.2% | 10.5% | +3.5% | 0.82% |
| PGIL | ₹11,177 cr | 36.0x | 7.7x | 23.7% | 21.2% | 9.6% | +16.7% | 0.54% |
| GOKEX | ₹4,743 cr | 46.0x | 2.2x | 4.9% | 8.9% | 8.8% | +21.5% | – |
| LUXIND | ₹3,206 cr | 30.1x | 1.8x | 5.7% | 7.5% | 6.2% | +7.2% | 0.05% |
| SBC | ₹3,034 cr | 75.0x | 30.3x | 47.3% | 15.2% | 8.6% | +27.2% | – |
| KKCL | ₹2,604 cr | 17.6x | 2.8x | 16.8% | 22.9% | 19.9% | +15.9% | 0.96% |
| KITEX | ₹2,206 cr | – | 2.1x | -2.8% | 1.0% | 3.5% | +6.2% | 0.45% |
| SPAL | ₹2,085 cr | 19.8x | 2.2x | 11.7% | 14.3% | 14.1% | +13.6% | 0.24% |
| CANTABIL | ₹2,081 cr | 21.4x | 4.3x | 22.4% | 37.4% | 31.5% | +15.6% | 0.50% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-12 | Other | Annual General Meeting |
| 2023-09-13 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-09-08 | Other | Annual General Meeting |
| 2020-09-17 | Other | Annual General Meeting |
| 2019-09-03 | Other | Annual General Meeting |
| 2018-09-11 | Other | Annual General Meeting |
| 2017-09-19 | Other | Annual General Meeting |
| 2016-09-19 | Other | Annual General Meeting |
| 2015-09-10 | Other | Annual General Meeting |
| 2014-09-22 | Other | Annual General Meeting |
| 2013-09-17 | Other | Annual General Meeting |
| 2012-08-23 | Other | Annual General Meeting |
| 2010-09-09 | Other | Annual General Meeting |
| 2009-09-11 | Other | Annual General Meeting Bc Dates Revised |
| 2008-08-26 | Dividend | Agm/Dividend - 20% |
| 2007-08-08 | Dividend | Agm/Dividend-40% |
| 2007-02-08 | Split | Fv Split Rs.10/- To Rs.5/ |
| 2006-08-08 | Dividend | Agm/Dividend-30% |
| 2005-07-29 | Dividend | Agm/Dividend-20% |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Apparel and Clothing: The Company is in the business of Apparel Manufacturing and Exports
| Sector | Consumer Discretionary |
| Industry | Garments & Apparels |
| Sub-industry | Garments & Apparels |
| Symbol | GOKEX |
| BSE code | 532630 |
| ISIN | INE887G01027 |
| Face value | ₹5.0 |
| Incorporated | 2004-03-01 |
| Website | https://www.gokaldasexports.com |
| Plants (India / abroad) | 28 / 5 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.