Gokaldas Exports Share Price Target 2023, 2024, 2025 to 2030

As the world shifts its sourcing away from China and supplier consolidation gains momentum, small-cap companies such as Gokaldas Exports Limited can strategically position themselves to benefit from these transformative trends.

Gokaldas Exports being a competent and strong player in the global fashion industry needs to be studied further to predict the best possible gains. 

As of 14th November, Gokaldas Export Ltd share costs ₹824. The question we aim to answer is whether Gokaldas Exports’ share price will reach ₹1,000 or not.

In this article, we will try to sustain our findings and analyze GEL’s growth trajectory keeping the dynamic industry in consideration. 

About Gokaldas Exports 

Since its establishment in 1979, in  Bengaluru, India, GEL and its subsidiaries have steadily grown to become one of India’s largest and most reputable players in the fashion and garment manufacturing industry. They Manufacture a range of premium outerwear, sportswear, casual attire, and formal clothing catering to women, men, and children

The company has earned a strong reputation by satisfying the needs of several renowned international fashion brands and retailers, including names like Puma, Zara, GAP, Walmart, and Vero Moda.

Gokaldas Exports to over 50+ companies worldwide. The company’s extensive manufacturing capabilities encompass 48 well-equipped factories, underlining its dedication to delivering top-notch clothing.

Beyond its manufacturing prowess, GEL also operates a retail chain of garment outlets known as ‘The Wearhouse’ in prominent cities like Bangalore, Chennai, Hyderabad, and Coimbatore. 

• Gokaldas Exports shares plunge by 8.56% to ₹784 apiece following weak Q2 FY24 results.
• Consolidated net profit drops 40% YoY and 27.27% QoQ to ₹24 crore.
• Consolidated revenue from operations decreased by 11.7% to ₹509 crore in Q2FY24.
• Vice Chairman and Managing Director, Siva Ganapathi, attributes the performance decline to lean demand from major brands and excess inventory.
• Increased labour force in Q2 contributes to higher costs; management expects improved momentum in the second half of the year.
• Gokaldas Exports, one of India’s largest integrated apparel manufacturers, focuses on enhancing operating parameters for medium- to long-term prospects.
• Earlier in August, the company’s wholly-owned subsidiary agreed to acquire Atraco Group, a leading Dubai-based apparel manufacturer specializing in casual wear.
• Despite Q2 challenges, shares have delivered a stellar return of 123% in the current year, following decent returns in the previous years

Gokaldas Exports Share Price Target: 2023 To 2030

Gokaldas Exports Share Price Target 2023 

As of November 2023, Gokaldas Exports projects a share price range with a maximum of ₹889.92 and a minimum of ₹773.84. Anticipating further growth, the December 2023 estimates indicate a potential increase to a maximum of ₹919.29 and a minimum of ₹799.38.

The market capitalization stands at ₹4,998 Cr., and as of November 14th, 2023, the current stock price is ₹824, with a Price/Earnings (P/E) ratio of 34.7.

These figures suggest positive expectations for Gokaldas Exports, indicating potential upward movement in share prices by the end of 2023. Investors may observe these projections closely for insights into the company’s performance and market dynamics.

Gokaldas Exports Share Price Target For 2024

Gokaldas Exports Share Price Target For 2025

Gokaldas Exports Share Price Target: 2026 To 2030

Gokaldas Exports Financial Condition (Last 5 Years)

Over the past five years, Gokaldas Exports has demonstrated impressive financial growth. Sales have steadily increased from ₹1,175 crores in March 2019 to ₹2,222 crores in March 2023, while operating profit surged from ₹62 crores to ₹271 crores. 

This growth is underlined by a rising operating profit margin, reaching 12% in March 2023. Consequently, net profit also saw substantial growth, from ₹26 crores to ₹173 crores, as did earnings per share, which reached ₹28.55 by March 2023. These indicators reflect a robust and thriving company poised for future success.

The company has also managed to generate consistent income from other sources, which has contributed positively to its overall profitability.

FAQS

What Is The Current Share Price Of  Gokaldas Exports?

The current share price as of 14th November is INR 824. 

What Is The Share Price Target For Gokaldas Exports By The End Of 2023?

The expected range for the stock’s price in November is between ₹919.29 and ₹799.38, indicating potential fluctuations within this span.

What Is The Share Price Target For Gokaldas Exports By 2025?

The prediction for the company gives an estimation of price ranging from ₹841.68 to a maximum of ₹1,307.81 in Dec of 2025. 

What Is The Share Price Target For Gokaldas Exports By 2030?

Based on the provided data, the share price target for Gokaldas Exports by 2030 is anticipated to fall within a range of ₹1,666.15 (minimum) to ₹2,380.22 (maximum) per share.

What Has Been Gokaldas Exports Profit Growth In The Past Five Years?

Gokaldas Exports’ profit growth over the past five years has been significant, with net profit increasing from ₹26 crores in March 2019 to ₹173 crores in March 2023, indicating substantial financial progress and a thriving company.

Should One Invest In Gokaldas Exports Ltd.?

This is not an easy answer, since the pros and cons almost balance each other out. With a market cap of ₹4,998 crore, investing in Gokaldas Exports shares in 2023 is a mixed decision. On the positive side, the company has shown impressive 47.7% CAGR profit growth over five years, signalling its ability to generate increasing earnings. 

Debt reduction and better debtor days indicate solid financial management. 

However, the ROCE is strong at 21.4%, but the ROE is at 19.6%, possibly not optimizing equity returns. Additionally, the P/E ratio should be considered to evaluate the stock’s valuation. Its PE ratio stands at 34.7 which is a bit over its median PE ratio of 17.4. The PE ratio is still low comparatively and reflects it’s under evaluation. 

There are some concerns to consider. Gokaldas Exports has a notably low promoter holding of just 11.1%, it has decreased from 33.17 in Sep 2020 to 11.06 in June 2023, which raises questions about the level of control and commitment from its promoters.

Furthermore, the company operates in an industry facing a market slowdown, as indicated by slow global retail offtake and declining imports in major consumer markets. This industry-wide challenge could affect Gokaldas Exports’ growth prospects and revenue in the short term.

The company’s impressive profit growth, reduced debt, and improved financial management are positive aspects, but the low promoter holding, industry slowdown, and ROE need to be weighed against these advantages. The long-term prospects look promising given the short-term fluctuations are managed well by the company. They might be able to meet the price target of 1000 rupee share price but it is a blurry image as of now. 

It’s advisable to conduct thorough research and observe the market trend to make an informed investment decision based on your financial goals and risk tolerance.

Author: Kanak Kanak, set to graduate in computer science from Hansraj College in 2026, contributes her multifaceted expertise to Financesrule.com. Kanak's keen understanding of the stock market, mutual funds, and equity market provides readers of Financesrule.com with tech-infused financial insights. Beyond Finance, she is also skilled in Python and fundraising. Currently, she serves as a researcher and writer for "The Young Environmentalist" magazine.