Gokaldas Exports Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,736 Cr
- P/E
- 46.01
- ROE
- 3.09%
- PEG
- -1.82
- Price to sales
- 1.13
- Debt to equity
- 0.59
- 52W high / low
- ₹1,052 / ₹563
- Sales growth (5Y)
- 26.92%
- EBITDA margin
- 8.85%
- Net profit margin
- 1.64%
- Promoter holding
- 9.15%
- Sales (last year)
- ₹4,185 Cr
Gokaldas Exports Limited is engaged in the business of design, manufacture, and sale of a wide range of garments for men, women, and children and caters to the needs of several leading international fashion brands and retailers [1]
Guidance scorecard · Q1 FY27 call
What Gokaldas Exports Ltd's management guided
and where it ranks in Textiles & Apparels
Textiles & Apparels
RevenueQ1 FY27 call
10–20%- The company expects mid-teens to potentially high-teens percentage growth in revenue for the fiscal year, supported by a strong order book and customer projections, particularly for Spring 2027 onward.
- Africa business aims to reach $112-115 million in revenue for FY27, with efforts to push towards $120 million.
- Volume growth may vary seasonally; higher-value outerwear dominates Q1/Q2 with lower volumes but higher realization; simpler, higher-volume garments expected in later quarters.
- Capacity expansions (2,000-3,000 machines) planned by FY28-end, focusing on low-cost regions to meet anticipated demand.
2 more points from Gokaldas Exports Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Gokaldas Exports Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Capex plans include adding 2,000-3,000 machines by the end of the current year; these will be operational by late next financial year, contributing from FY '29 onwards.
- Capacity expansions are focused on low-cost regions in India, including existing factories in Karnataka and Ranchi being ramped up this year.
- New greenfield facilities planned in Karnataka and Ranchi, effective from 2029.
- Investment of about INR100 crores to be spent this year on two new units in Jharkhand and Karnataka, with steady-state revenue potential of INR350 crores from FY '29.
- Bhopal Phase 2 expansion underway; phase 2 plus Karnataka and Ranchi expansions together add revenue potential of nearly INR275 crores.
- African facility capacity utilized fully; no significant new capex planned there but possibility of second shifts to increase utilization.
2 more points from Gokaldas Exports Ltd's call on capex
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FundraisingQ1 FY27 call
See what Gokaldas Exports Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Q1 and Q2 order books were booked well in advance with strong visibility.
- Q2 is expected to have revenue performance similar to Q1 despite being a seasonally weak quarter.
- Strong outerwear presence helps maintain good performance in Q2.
- Orders for Q3 and Q4 are actively being booked, with projections looking positive.
- Customer indications show confidence despite concerns over inflation and consumer behavior in 2027.
- Overall, order book visibility is strong across the customer base, supporting mid-teens growth guidance.
- Africa segment order book running at about $30 million quarterly, targeting around $112-$115 million for FY '27.
2 more points from Gokaldas Exports Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Textiles & Apparels
on management's own guidance
- Strong growth2
- Strong growth1
- Sumeet IndustrieGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Textiles & Apparels companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹560 Cr | 90.6 | |
| 2 | 40%+ | Flat | ₹421 Cr | 27.7 | |
| 3 | Sumeet Industrie | 20–40% | Up 2%+ | ₹751 Cr | 30.3 |
| 4 | 20–40% | Up 2%+ | ₹305 Cr | 20.4 | |
| 5 | 20–40% | Up 0–2% | ₹2,823 Cr | 17.5 | |
| 6 | 20–40% | Up 0–2% | ₹1,225 Cr | 69.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels rankingFinancials of Gokaldas Exports Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Gokaldas Exports Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 523 | 515 | 500 | 552 | 812 | 932 | 929 | 988 | 1,015 | 956 | 984 | 979 | 1,069 |
| Expenses + | 453 | 454 | 453 | 489 | 728 | 857 | 859 | 884 | 893 | 858 | 920 | 902 | 952 |
| Operating Profit | 70 | 60 | 47 | 62 | 84 | 75 | 70 | 104 | 123 | 97 | 65 | 77 | 117 |
| OPM % | 13% | 12% | 9% | 11% | 10% | 8% | 7% | 11% | 12% | 10% | 7% | 8% | 11% |
| Other Income + | 7 | 8 | 9 | 8 | 6 | 8 | 13 | 13 | 20 | 21 | 19 | 20 | 18 |
| Interest | 7 | 6 | 6 | 5 | 20 | 19 | 18 | 19 | 21 | 22 | 22 | 24 | 26 |
| Depreciation | 19 | 19 | 21 | 22 | 27 | 28 | 29 | 30 | 42 | 39 | 43 | 46 | 39 |
| Profit before tax | 51 | 43 | 29 | 44 | 43 | 36 | 36 | 67 | 79 | 57 | 19 | 26 | 70 |
| Tax % | 7% | 25% | 19% | 30% | -3% | 25% | 21% | 25% | 33% | 27% | 57% | 44% | 49% |
| Net Profit + | 47 | 33 | 24 | 30 | 44 | 27 | 28 | 50 | 53 | 41 | 8 | 15 | 36 |
| EPS in Rs | 7.79 | 5.37 | 3.91 | 5.02 | 6.99 | 3.82 | 3.94 | 7.04 | 7.40 | 5.67 | 1.10 | 1.99 | 4.91 |
Financials of Gokaldas Exports Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,090 | 1,143 | 930 | 1,031 | 1,175 | 1,371 | 1,211 | 1,790 | 2,222 | 2,379 | 3,864 | 3,988 |
| Expenses + | 1,065 | 1,106 | 962 | 1,055 | 1,113 | 1,285 | 1,109 | 1,585 | 1,951 | 2,125 | 3,493 | 3,631 |
| Operating Profit | 25 | 37 | -32 | -23 | 62 | 86 | 101 | 206 | 271 | 254 | 371 | 356 |
| OPM % | 2% | 3% | -3% | -2% | 5% | 6% | 8% | 11% | 12% | 11% | 10% | 9% |
| Other Income + | 91 | 78 | 42 | 47 | 15 | 36 | 12 | 11 | 31 | 30 | 53 | 77 |
| Interest | 47 | 40 | 36 | 37 | 33 | 37 | 34 | 40 | 26 | 36 | 77 | 95 |
| Depreciation | 33 | 22 | 18 | 16 | 19 | 55 | 53 | 59 | 72 | 89 | 128 | 167 |
| Profit before tax | 36 | 53 | -45 | -30 | 25 | 30 | 27 | 117 | 204 | 159 | 218 | 172 |
| Tax % | 2% | -15% | 5% | 3% | -2% | 0% | 0% | -0% | 15% | 18% | 27% | 42% |
| Net Profit + | 35 | 61 | -47 | -31 | 26 | 30 | 26 | 117 | 173 | 131 | 159 | 100 |
| EPS in Rs | 10.03 | 17.63 | -13.53 | -8.87 | 5.97 | 7.10 | 6.18 | 19.85 | 28.55 | 20.66 | 22.18 | 13.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4% | 0% | 5% | 0% |
Financials of Gokaldas Exports Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 17 | 17 | 21 | 21 | 21 | 29 | 30 | 32 | 36 | 37 |
| Reserves | 142 | 198 | 152 | 113 | 219 | 205 | 269 | 679 | 856 | 1,260 | 2,045 | 2,124 |
| Borrowings + | 311 | 343 | 474 | 472 | 381 | 442 | 479 | 193 | 154 | 805 | 845 | 1,273 |
| Other Liabilities + | 189 | 177 | 157 | 178 | 188 | 256 | 221 | 310 | 301 | 645 | 611 | 921 |
| Total Liabilities | 659 | 736 | 801 | 781 | 809 | 925 | 990 | 1,211 | 1,342 | 2,741 | 3,537 | 4,354 |
| Fixed Assets + | 135 | 96 | 97 | 96 | 107 | 172 | 237 | 288 | 280 | 1,136 | 1,399 | 1,540 |
| CWIP | 2 | 2 | 1 | 0 | 1 | 1 | 0 | 11 | 108 | 128 | 17 | 116 |
| Investments | 0 | 0 | 0 | 0 | 0 | 36 | 37 | 154 | 344 | 159 | 497 | 590 |
| Other Assets + | 522 | 638 | 702 | 685 | 700 | 716 | 716 | 758 | 610 | 1,318 | 1,624 | 2,108 |
| Total Assets | 659 | 736 | 801 | 781 | 809 | 925 | 990 | 1,211 | 1,342 | 2,741 | 3,537 | 4,354 |
Financials of Gokaldas Exports Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 68 | 83 | 12 | 25 | 51 | 99 | 119 | 117 | 369 | -177 | 57 | 52 |
| Cash from Investing Activity + | -16 | -83 | 26 | -14 | 0 | -39 | -32 | -52 | -291 | -537 | -420 | -286 |
| Cash from Financing Activity + | -37 | 4 | -54 | -40 | -57 | -45 | -86 | -43 | -75 | 753 | 473 | 203 |
| Net Cash Flow | 15 | 4 | -17 | -28 | -6 | 15 | 0 | 22 | 2 | 40 | 110 | -32 |
| Free Cash Flow | 73 | 119 | -0 | 13 | 29 | 91 | 85 | 39 | 242 | -865 | -131 | -170 |
| CFO/OP | 273% | 231% | -41% | -114% | 76% | 115% | 114% | 64% | 150% | -53% | 28% | 30% |
Financials of Gokaldas Exports Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 27 | 84 | 77 | 50 | 38 | 54 | 19 | 22 | 54 | 40 | 55 |
| Inventory Days | 144 | 122 | 132 | 121 | 183 | 153 | 156 | 178 | 91 | 194 | 129 | 166 |
| Days Payable | 69 | 66 | 58 | 67 | 60 | 60 | 52 | 48 | 26 | 59 | 45 | 66 |
| Cash Conversion Cycle | 102 | 84 | 157 | 131 | 174 | 130 | 159 | 149 | 87 | 189 | 124 | 155 |
| Working Capital Days | -25 | -53 | -60 | -59 | -15 | -40 | -25 | 55 | 27 | 14 | 36 | 56 |
| ROCE % | 8% | 9% | -1% | 1% | 10% | 7% | 8% | 18% | 21% | 11% | 11% | 8% |
Guidance history
How Gokaldas Exports Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | Planned | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | None planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
16 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −25.4% | 30% |
| Last 6 months | −8.2% | 40% |
| Last 3 months | −19.7% | 17% |
The price is 46.2% below its all-time high of ₹1,200.55 (13 Dec 2024). Stocks more than 20% below their peak have their score halved, so 31 became 16.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Gokaldas Exports Ltd: 0.4 × 30 + 0.4 × 40 + 0.2 × 17 = 31, halved to 16 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Gokaldas Exports Ltd's management said in earlier quarters
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