News

Buy Gokaldas Exports Ltd For Target Rs. 855 - ICICI Securities Ltd ATRACO acquisition likely to boost revenues Gokaldas Exports (GEXP) has signed a definitive agreement with the shareholders of UAE-based apparel maker, ATRACO, to acquire 100% of the latter’s equity for a total consideration of up to USD 55mn funded through debt (73%) and internal accruals (27%). ATRACO exports 95% of its production to the US (primary market for GEXP) and has nearly mutually exclusive customer base with GEXP. Hence, we believe this deal provides GEXP an opportunity t...
Buy Gokaldas Exports Ltd For Target Rs. 855 - ICICI Securities Ltd
Buy Gokaldas Exports Ltd For Target Rs. 855 - ICICI Securities Ltd
Source: ICICI Securities Ltd
2/09/2023 12:43:47 PM
Gokaldas Exports touches roof on inking pact to acquire Atraco Group Gokaldas Exports is locked its upper circuit limit at Rs. 736.30, up by 122.70 points or 20.00% from its previous closing of Rs. 613.60 on the BSE. The scrip opened at Rs. 652.00 and has touched a high and low of Rs. 736.30 and Rs. 647.55 respectively. So far 290386 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 736.30 on 29-Aug-2023 and a 52 week low of Rs. 325.70 on 19-Sep-2022. Last one week high and low of ...
Gokaldas Exports touches roof on inking pact to acquire Atraco Group
Gokaldas Exports touches roof on inking pact to acquire Atraco Group
Source: Accord Fintech
29/08/2023 10:43:56 AM
Buy Gokaldas Exports Ltd For Target Rs. 600 - JM Financial Services Industry tailwinds to aid long term earnings trajectory Gokaldas Exports (GEXP) delivered an adj. PAT of INR326mn, broadly in line with JMfe. The company delivered robust EBITDA margins of 11.7% during 1Q as increase in minimum wage and DA in Karnataka was offset by superior productivity. GEXP remains hopeful of market conditions improving from 2HFY24, in time for summer/spring’24 collection. Near term demand is expected to remain muted as global retailers are consciously liquidating...
Buy Gokaldas Exports Ltd For Target Rs. 600 - JM Financial Services
Buy Gokaldas Exports Ltd For Target Rs. 600 - JM Financial Services
Source: JM Financial Institutional Securities
16/08/2023 2:14:53 PM
Buy Gokaldas Exports Ltd For Target Rs. 595 - ICICI Securities Steady quarter... Gokaldas Exports’ (GEXP) Q1FY24 consolidated EBITDA at INR 602mn, down 17% YoY, was slightly below our expectations. Revenue at ~Rs5bn was down 16% / 2% YoY / QoQ owing to continued demand softness and inventory liquidation in the company’s end-market (US). Management maintains its guidance of demand revival in the US H2FY24 onwards as, by then, retailers will place fresh orders for spring / summer of CY24. Despite dull revenue growth, GEXP has maintained its ...
Buy Gokaldas Exports Ltd For Target Rs. 595 - ICICI Securities
Buy Gokaldas Exports Ltd For Target Rs. 595 - ICICI Securities
Source: ICICI Securities
15/08/2023 12:24:45 PM
Buy Gokaldas Exports Ltd For Target Rs. 580 -JM Financial Institutional Securities Gokaldas Exports (GEXP) delivered an adj. PAT of INR472mn, significantly above JMfe of INR368mn. The beat was largely on account of lower tax expense. The company delivered EBITDA margins of 13.4% during 4Q on account of superior cost management and operational excellence. GEXP remains hopeful of market conditions improving from 2HFY24, in time for summer/spring’24 collection. Near term demand is expected to remain muted as global retailers continue to remain cautious amidst demand unce...
Buy Gokaldas Exports Ltd For Target Rs. 580 -JM Financial Institutional Securities
Buy Gokaldas Exports Ltd For Target Rs. 580 -JM Financial Institutional Securities
Source: JM Financial Institutional Securities
22/06/2023 2:30:43 PM
Gokaldas Exports gains on incorporating wholly owned subsidiary in United States of America Gokaldas Exports is currently trading at Rs. 361.20, up by 1.70 points or 0.47% from its previous closing of Rs. 359.50 on the BSE. The scrip opened at Rs. 369.90 and has touched a high and low of Rs. 369.90 and Rs. 359.00 respectively. So far 5147 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 519.55 on 18-May-2022 and a 52 week low of Rs. 301.10 on 14-Jul-2022. Last one week high and low of the scrip stood at...
Gokaldas Exports gains on incorporating wholly owned subsidiary in United States of America
Gokaldas Exports gains on incorporating wholly owned subsidiary in United States of America
Source: Accord Fintech
27/04/2023 3:36:48 PM
Hold Gokaldas Exports Ltd For Target Rs. 440- ICICI Direct Performance on expected lines; recovery anticipated from H2FY24 onwards... About the stock: Gokaldas Exports (GEL) is one of India’s leading apparel exporters with an annual capacity of 36 million+ pieces. Gokaldas focuses on manufacturing complex garmenting products that insulate it from other price based competition. * Impressive clientele of leading international brands with ‘GAP’ and ‘H&M’ being major contributor to revenues. US contributes ~80% of ...
Hold Gokaldas Exports Ltd For Target Rs. 440- ICICI Direct
Hold Gokaldas Exports Ltd For Target Rs. 440- ICICI Direct
Source: ICICI Direct
24/03/2023 2:57:21 PM
Buy Gokaldas Exports Ltd For Target Rs. 530 -JM Financial Institutional Securities Long term story intact; capacity expansion to drive earnings 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...
Buy Gokaldas Exports Ltd For Target Rs. 530 -JM Financial Institutional Securities
Buy Gokaldas Exports Ltd For Target Rs. 530 -JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
9/09/2022 12:14:38 PM
Hold Gokaldas Exports Ltd For Target Rs.415 - ICICI Direct Headwinds in H2FY23 could subdue performance About the stock: Gokaldas Exports (GEL) is one of India’s leading apparel exporters with an annual capacity of 36 million+ pieces. Gokaldas focuses on manufacturing complex garmenting products that insulate it from other price based competition * Impressive clientele of leading international brands with ‘GAP’ and ‘H&M’ being major contributor to revenues. US contributes ~80% of sales * Under the leadership...
Hold Gokaldas Exports Ltd For Target Rs.415 - ICICI Direct
Hold Gokaldas Exports Ltd For Target Rs.415 - ICICI Direct
Source: ICICI direct
5/09/2022 4:00:19 PM
Gokaldas Exports posts Q1 net profit of Rs 40.08 cr The company reported standalone net profit during the quarter stood at Rs 40.08 crore compared to net loss of Rs 2.50 crore in the previous year quarter. Net revenue of the company rose triple digit by 153.41 per cent at Rs 610.31 crore in April-June quarter of this fiscal as against Rs 240.84 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 141.28 per cent to Rs 538.22 crore from Rs 223.07 crore in year ago period. Other Income grew b...
Gokaldas Exports posts Q1 net profit of Rs 40.08 cr
Gokaldas Exports posts Q1 net profit of Rs 40.08 cr
Source: Dion Global Solutions Ltd
22/07/2022 4:58:00 PM
Buy Gokaldas Exports Ltd For Target Rs. 610 - JM Financial Services Strong order book, capacity expansion to drive earnings Gokaldas Exports reported a revenue increase of 12.4% QoQ to INR5.9bn, driven by increased exports, deep engagement with key customers and augmentation of capacity. EBITDA increased 29.1% QoQ to INR766mn, with margins at 13.1% during the quarter on account of increased volume, efficient utilisation and improvement in operating levers. The Company reported an adj. PAT of INR491mn in 4Q. FY22 revenue increased 48% YoY on account of a gr...
Buy Gokaldas Exports Ltd For Target Rs. 610 - JM Financial Services
Buy Gokaldas Exports Ltd For Target Rs. 610 - JM Financial Services
Source: JM Financial Services Ltd
7/05/2022 12:00:45 PM
Key News - Visaka Industries Ltd, ITC Ltd, BOC Aviation Ltd, Gokaldas Exports Ltd, Supriya Lifescience Ltd By ARETE Securities Key News ATUM Solar Roof - Designed, Innovated and Made in India - for the World - receives a Patent from USA Visaka Industries Limited has been granted a patent for its product "ATUM" Solar Roof by the United States of America Patent Office, which is valid for 20 years. The patent has been granted for the invention titled "Eco-Friendly Energy Generating Roofs.“ Since its launch in 2018, ATUM Solar Roof has received patents from India (2020), South Africa (2021) and...
Key News - Visaka Industries Ltd, ITC Ltd, BOC Aviation Ltd, Gokaldas Exports Ltd, Supriya Lifescience Ltd By ARETE Securities
Key News - Visaka Industries Ltd, ITC Ltd, BOC Aviation Ltd, Gokaldas Exports Ltd, Supriya Lifescience Ltd By ARETE Securities
Source: ARETE Securities Ltd
29/12/2021 9:30:56 AM
Buy Gokaldas Exports Ltd For Target Rs.300 - ICICI Direct Healthy recovery on the back of robust order book About the stock: Gokaldas Exports (GEL) is one of India’s leading apparel exporters with an annual capacity of 30 million pieces. Gokaldas focuses on manufacturing complex garmenting products that insulate it from other price based competition. * Impressive clientele of leading international brands with ‘GAP’ and ‘H&M’ being major contributor to revenues. US contributes ~65% of sales * Under the leade...
Buy Gokaldas Exports Ltd For Target Rs.300 - ICICI Direct
Buy Gokaldas Exports Ltd For Target Rs.300 - ICICI Direct
Source: ICICI Direct
6/12/2021 9:30:34 AM
Buy Gokaldas Exports Ltd For Target Rs.280 - ICICI Direct Structural long term play in apparel export space… About the stock: Gokaldas Exports (GEL) is one of India’s leading apparel exporters with an annual capacity of 30 million pieces. Gokaldas focuses on manufacturing complex garmenting products that insulate it from other price based competition. * Impressive clientele of leading international brands with ‘GAP’ and ‘H&M’ being major contributor to revenues. US contributes ~65% of sales * Under t...
Buy Gokaldas Exports Ltd For Target Rs.280 - ICICI Direct
Buy Gokaldas Exports Ltd For Target Rs.280 - ICICI Direct
Source: ICICI Direct
3/09/2021 12:36:04 PM
Stock Picks - Buy Gokaldas Exports Ltd For Target Rs. 160 - ICICI Direct Technical Observations * The textile space remain in strong up trend, with most of the stocks forming higher peak and higher trough. The share price of Gokaldas Exports has generated a bullish Flag breakout signalling continuation of the up move, thus offers fresh entry opportunity to ride the next up move * We expect the stock to continue with its up move and head towards | 160 levels in the coming weeks being the 123.6% external retracement of the recent breather (| 153-131) * The ...
Stock Picks - Buy Gokaldas Exports Ltd For Target Rs. 160 - ICICI Direct
Stock Picks - Buy Gokaldas Exports Ltd For Target Rs. 160 - ICICI Direct
Source: ICICI Direct
23/06/2021 10:46:23 AM
Buy Gokaldas Exports Ltd For Target Rs. 160 - ICICI Direct Well placed to tread on firm growth trajectory… Gokaldas Exports reported a good set of Q4FY21 numbers with sharp sequential revenue growth of 40% YoY to | 369.9 crore (up 3.3% YoY). The previous quarter was significantly impacted as international retailers were saddled with excess spring-summer 2020 inventory. With a gradual recovery in US retail sales (~65% of revenues), the inventory situation seems to have normalised post being impacted by Covid-19 led lockdown. On account of hi...
Buy Gokaldas Exports Ltd For Target Rs. 160 - ICICI Direct
Buy Gokaldas Exports Ltd For Target Rs. 160 - ICICI Direct
Source: ICICI Direct
4/06/2021 11:00:36 AM