FIIs and DIIs Increased Stake: This Indian Textile Exporter Hits All-Time High with Heavy Volumes Today!

The company’s shares have delivered a multibagger return of over 1250 per cent in the past 5 years.

Gokaldas Exports Limited is engaged in the design, manufacture, and sale of a wide range of garments for men, women, and children, catering to the needs of several leading international fashion brands and retailers. The company deals in a broad range of apparel products, including outerwear, activewear, and fashion wear for all weather and seasons.

At the start of the day's trading session, shares of Gokaldas Exports Limited opened at Rs 945.05 per share, compared to the previous day's closing figure of Rs 928.15 per share on the BSE. Currently, the shares are at Rs 1076.40 per share. The stock has rallied 20 per cent today and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 7686.37 crore, and the stock has generated an impressive multibagger return of over 110 per cent in the past 1 year.

In FY23, the company's product sales mix was as follows: fashionwear accounted for 46 per cent of sales, outerwear made up 36 per cent, while both sportswear and bottom wear contributed 9 per cent each. Geographically, the sales distribution was heavily concentrated, with 85 per cent of sales in North America, 3 per cent in Europe, 11 per cent in Asia, and less than 1 per cent in the rest of the world. The company exports to over 50 countries.

In FY23, the company invested Rs 135 crore in the modernization and upgradation of machines and towards new projects. The expected capex for FY24 was around Rs 145 crore.

As per the Quarterly Results, in Q4 FY24, Gokaldas Exports Limited recorded a revenue of Rs 812 crore representing a gain of 55 per cent YoY from Rs 523 crore. The operating profit for Q4 FY24 stood at Rs 84 crore with an operating profit margin of around 10 per cent. The net profit for Q4 FY24 was Rs 44 crore compared to a profit of Rs 47 crore. Looking at the annual performance, the company generated a revenue of Rs 2379 crore in FY24, compared to Rs 2222 crore in FY23. The operating profit for FY24 was Rs 254 crore with a net profit of Rs 131 crore.

According to the shareholding pattern of Gokaldas Exports Limited, promoters own a 9.42 per cent stake, while public investors hold 32.26 per cent. FIIs hold a 26.55 per cent stake, up from 21.21 per cent, and DIIs have increased their stake from 30.03 per cent to 31.79 per cent in Q1 FY25.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.