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HomeSHARE MARKETTakeover Announcement By Company; After News Share Become Rocket; ₹1200 Target

Takeover Announcement By Company; After News Share Become Rocket; ₹1200 Target

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Apparel and garment company Gokaldas Exports (NSE: GOKEX) announced the purchase of the apparel business of Matrix Clothing along with its quarterly results late on Thursday night. The company gave this information after the closing of the stock market on Thursday. 

There was a decline in the company’s profit in the December quarter, while both EBITDA and margin have also declined. The total income increased. This news has a significant impact on Friday’s stock trading. The share price may go up to Rs1200 in the near future.

What Information Has Been Given Regarding The Purchase?

The company has said in the information sent to the stock market that it has agreed with Matrix Clothing Private Limited to purchase 100 percent equity share capital of Matrix Design and Industries Private Limited. 

The enterprise value of this agreement is Rs 489 crore. In this case, crore will be paid via the preferential allocation of Gokaldas Exports shares through a share exchange.

The company said that Matrix Clothing Group has expertise in knitwear and this deal will provide it with huge opportunities in the knitwear segment.

How was The Last Quarter result?

The company reported that its profit for the quarter ending December has dropped by 25 percent from last year to Rs 30.40 crore. The increase on the quarter-to-quarter basis is 28 percent.

EBITDA, on the other hand, has declined by 3 percent from last year’s Rs 70.5 crore. However, compared to the September quarter, there has been an increase of 26 percent. 

EBITDA margin stood at 12.6 percent which was 13.7 percent a year ago. There has been a 26 percent increase compared to the third quarter of September. On Friday, the stock closed at Rs 937 with a gain of more than 3.06%.

About Gokaldas Exports Ltd 

Gokaldas Exports Limited is a manufacturer and exporter of apparel based in India. The company offers a wide range of apparel including outerwear and activewear as well as fashion wear.

It exports to fashion retailers and brands across all continents and has a network of delivery in over 50 countries. The company provides a range of processing services, including cutting, sewing, and laying. It also provides lab testing, laundry, ironing, and finishing.

The company offers a wide range of products, such as outerwear, bottomwear, and casual wear, in addition to high-fashion garments. The company has around 15000 machines spread across 20 production units.

All Colour Garments Private Limited is one of the company’s subsidiaries. Others include SNS Clothing Private Limited.

Fundamental Analysis of Gokaldas Exports Ltd

Market Cap₹ 5,682 Cr.
Current Price₹ 937
52-wk High₹ 1,022.95 
52-wk Low₹ 344.45
Stock P/E41.45
Book Value₹ 159
Dividend0.11 %
ROCE21.4 %
ROE19.6 %
Face Value₹ 5.00
P/B Value5.88
OPM11.5 %
EPS₹ 22.1
Debt₹ 142 Cr.
Debt to Equity0.15

Gokaldas Exports Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹1000₹1200
2025₹1215₹1342
2026₹1350₹1400
2027₹1425₹1435
2028₹1500₹1530
2029₹1598₹1648
2030₹1700₹1745
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Gokaldas Exports Ltd Shareholding Pattern

Promoters Holding
Dec 202220.97%
Mar 202311.07%
June 202311.06%
Sept 202311.05%
Dec 202311.05%
FII Holding
Dec 202214.65%
Mar 202317.22%
June 202316.20%
Sept 202316.96%
Dec 202320.46%
DII Holding
Dec 202224.21%
Mar 202331.35%
June 202332.31%
Sept 202332.68%
Dec 202331.55%
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Public Holding
Dec 202240.16%
Mar 202340.36%
June 202340.44%
Sept 202339.31%
Dec 202336.93%

Gokaldas Exports Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 1,175 Cr
2020₹ 1,371 Cr
2021₹ 1,211 Cr
2022₹ 1,790 Cr
2023₹ 2,089 Cr

Last 5 Years’ Net Profit:

2019₹ 26 Cr
2020₹ 30 Cr
2021₹ 26 Cr
2022₹ 117 Cr
2023₹ 134 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20191.58
20201.73
20211.17
20220.09
20230.04

Last 10 Years’ Profit Growth:

10 Years:13%
5 Years:48%
3 Years:160%
Current Year:-26%

Last 10 years’ Return on Equity (ROE):

10 Years:9%
5 Years:17%
3 Years:19%
Last Year:20%

Sales Growth Over 10 Years:

10 Years:9%
5 Years:17%
3 Years:17%
Current Year:-9%

Conclusion

This article is a complete guide about Gokaldas Exports Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s prospects and growth potential.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: Share Price Only ₹8; Today 19% Bumper Return; Penny Stock Got Huge Export Order

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.

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