JM Financial NSE -0.24 % has buy call on Gokaldas Exports with a target price of Rs 530. The current market price of Gokaldas Exports NSE 0.46 % is Rs 365.1. Time period given by analyst is one year when Gokaldas Exports Ltd NSE 0.46 %. price can reach defined target.
Gokaldas Exports Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 2149.71 Crore) operating in Apparels sector.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 612.69 Crore, up 4.21 % from last quarter Total Income of Rs 587.95 Crore and up 152.15 % from last year same quarter Total Income of Rs 242.99 Crore. Company reported net profit after tax of Rs 39.39 Crore in latest quarter.
Gokaldas Exports reported a revenue increase of 4.4% QoQ to INR6.1bn, driven by excellence in execution and optimal utilization of capacity. EBITDA decreased 5.6% QoQ to INR723mn, with margin at 11.8% during the quarter. The company reported a PAT of INR394mn in 1Q. Net cash position further improved QoQ to INR2.2bn aided by reduced working capital days. Gokaldas Exports delivered a resilient performance despite challenging macro-economic business environment and seasonally weak 1H. The company ..
Promoters held 24.09 per cent stake in the company as of 31-Mar-2022, while FIIs owned 11.03 per cent, DIIs 27.2 per cent.
Source Name:-Economic Times