Gokaldas Exports (GOKEX) had a P/E of 37.8× on 6 Nov 2026, above the industry P/E of 17.2×, and the shares are 28% below their 52-week high. It earns ROCE of 8.9% and ROE of 4.7%, and sales grew 21% a year over 3 years while net profit fell 17%. Debt is 0.59× equity. It is a small-cap company with a market cap of ₹5,004 Cr, ranked 4th of 61 Apparel Manufacturing companies by market cap; the shares fell 14% over the past year.
- ₹709.70
- ₹711.80
- ₹641.00
- ₹736.90
- 14.4 L
Health check
- ReturnsIn line
−14.5% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 37.8 vs industry 17.2.
- GrowthSteady
Sales +20.9%, profit −16.7% a year over 3 years.
- ProfitabilityWeak
ROCE 8.9% vs peer median 20.1%.
- Balance sheetFair
Debt 0.59× equity, interest covered 3.1×, Piotroski 4 of 9.
- Red flags2 to check
Return on equity is low at 4.7%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹5,004 Cr
- Small cap
- P/E
- 37.8
- Industry 17.2
- Price to book
- 2.32
- Peers 5.48
- Dividend yield
- 0.00%
- ROE
- 4.7%
- Peers 20.0%
- ROCE
- 8.9%
- Peers 20.1%
- Debt to equity
- 0.59
- Debt ₹1,273 Cr
- EPS (TTM)
- ₹18.05
- Face value ₹5
- OPM (TTM)
- 8.2%
- Net margin 2.5%
- Sales growth
- +20.7%
- Latest quarter vs a year ago
- Profit growth
- +6.8%
- Latest quarter vs a year ago
- Price to sales
- 1.20
- EV/EBITDA 16.0
Strengths and risks
Strengths
- Quarterly sales up 20.7% on a year ago.
Risks to check
- Return on equity is low at 4.7%.
- P/E of 37.8 against an industry P/E of 17.2.
About Gokaldas Exports
Gokaldas Exports Limited designs, manufactures, and sells a range of garments in India, the United States, Netherlands, Canada, the United Kingdom, Germany, India, and internationally. The company offers fashion wear, outerwear, bottom wear, casualwear, and sportswear, such as jackets, pants, tops/shirts, and other products for men, women, and children. It serves international fashion brands and retailers. Gokaldas Exports Limited was incorporated in 1979…
- Headquarters
- Bengaluru
- Employees
- 41,149
- Sector
- Consumer Cyclical
- ISIN
- INE887G01027
- Website
- gokaldasexports.com
Price range
- Avg volume (3M)
- 3.1 L
- 1-year return
- minus 14.5%
- From 52-week high
- minus 28.5%
Analyst consensus
Peers · Apparel Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAGEINDPage Industries | 35,930.00 | plus 1.15% | 40,076 | 53.0 | 26.67 | 61.5% | 52.5% | 21.4% | 3.8% | 10.2% | 2.23% | minus 11.5% |
| PGILPearl Global Industries | 1,338.80 | 0.00% | 12,368 | 39.9 | 8.46 | 20.1% | 21.2% | 9.0% | 17.5% | 23.0% | 0.54% | plus 105.8% |
| MANYAVARVedant Fashions | 472.80 | minus 6.51% | 11,488 | 29.8 | 5.48 | 22.3% | 20.0% | 44.0% | 1.9% | −4.3% | 1.64% | minus 21.6% |
| GOKEXGokaldas Exports | 682.95 | minus 7.32% | 5,004 | 37.8 | 2.32 | 8.9% | 4.7% | 8.2% | 20.9% | −16.7% | 0.00% | minus 14.5% |
| ABFRLAditya Birla Fashion and Retail | 39.02 | minus 6.61% | 4,748 | – | 0.91 | −3.2% | −12.3% | 8.9% | −13.0% | – | 0.00% | minus 50.3% |
| LUXINDLux Industries | 1,162.40 | plus 0.41% | 3,496 | 34.1 | 1.86 | 9.3% | 5.9% | 6.4% | 7.2% | −9.9% | 0.17% | minus 7.5% |
| SBCSBC Exports | 68.70 | plus 2.86% | 3,271 | 80.8 | 32.48 | 36.4% | 41.5% | 8.7% | 27.2% | 54.1% | 0.00% | plus 176.0% |
| RAYMONDLSLRaymond Lifestyle | 530.60 | minus 1.56% | 3,232 | 90.4 | 0.34 | 2.8% | 0.4% | 8.3% | 276.0% | 8.6% | 0.19% | minus 54.1% |
| Median of 7 peers | – | 0.00% | 4,748 | 46.5 | 5.48 | 20.1% | 20.0% | 8.9% | 7.2% | 9.4% | 0.19% | −11.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 956 | 984 | 979 | 1,069 | 1,154 | |
| 859 | 931 | 904 | 959 | 1,046 | |
| 96.6 | 53.6 | 74.9 | 109 | 107 | |
| 10.1% | 5.4% | 7.7% | 10.2% | 9.3% | |
| 22.1 | 30 | 21.6 | 25.5 | 32 | |
| 22.5 | 22.3 | 24 | 26.4 | 30.5 | |
| 39.4 | 42.6 | 46.3 | 38.6 | 45.8 | |
| 56.8 | 18.7 | 26.1 | 70 | 62.8 | |
| 27.0% | 56.8% | 44.1% | 48.6% | 29.5% | |
| 41.5 | 8.1 | 14.6 | 36 | 44.3 | |
| 5.56 | 1.06 | 1.89 | 4.64 | 5.75 |
Profit & loss
- Sales CAGR 3Y
- +20.9%
- Profit CAGR 3Y
- −16.7%
- EPS CAGR 3Y
- −21.6%
- ROE
- 4.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,066 | 2,193 | 3,578 | 3,652 | |
| – | +6.1% | +63.2% | +2.1% | |
| 1,800 | 1,940 | 3,218 | 3,310 | |
| 266 | 253 | 360 | 342 | |
| 12.9% | 11.5% | 10.1% | 9.4% | |
| 5 | −5 | 20.6 | 59.9 | |
| 17 | 26.4 | 65.4 | 80.7 | |
| 71.8 | 88.8 | 128 | 167 | |
| 22.1 | 26.5 | 31.5 | 17.5 | |
| 204 | 159 | 218 | 172 | |
| 15.4% | 17.6% | 27.3% | 41.7% | |
| 173 | 131 | 159 | 100 | |
| – | minus 24.3% | +21.0% | minus 36.8% | |
| 27.20 | 20.51 | 21.45 | 13.11 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 30.3 | 31.7 | 35.7 | 36.6 | |
| 856 | 1,260 | 2,045 | 2,124 | |
| 154 | 805 | 845 | 1,273 | |
| 301 | 645 | 611 | 921 | |
| 1,342 | 2,741 | 3,537 | 4,354 | |
| 397 | 681 | 843 | 1,075 | |
| 118 | 132 | 28.3 | 120 | |
| 0 | 3.2 | 178 | 301 | |
| 368 | 283 | 486 | 436 | |
| 459 | 1,641 | 2,001 | 2,423 | |
| 1,342 | 2,741 | 3,537 | 4,354 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 369 | −177 | 57.2 | 51.6 | |
| −291 | −537 | −421 | −286 | |
| −75.4 | 753 | 473 | 203 | |
| 2 | 38.8 | 110 | −31.6 | |
| −135 | −689 | −191 | −228 | |
| 233 | −866 | −134 | −177 | |
| – | −6.1 | – | – |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 53.4% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.