Go Fashion (India) Ltd
Incorporated in 2010, Go Fashion Limited (GFIL) is one of the largest women's bottom-wear brands in India. The company is engaged in the development, design, sourcing, marketing, and retailing of a range of women's bottom-wear products under the brand, 'Go Colors'. The company offers one of the widest portfolios of bottom-wear products among women's apparel retailers in terms of colors and styles. As of May 31, 2021, Go Colors sold bottom-wear in over 50 styles in more than 120 colors.[1]
- Market Cap ₹ 6,157 Cr.
- Current Price ₹ 1,137
- High / Low ₹ 1,408 / 933
- Stock P/E 71.8
- Book Value ₹ 121
- Dividend Yield 0.00 %
- ROCE 15.7 %
- ROE 14.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 21.5% CAGR over last 5 years
Cons
- Stock is trading at 9.40 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Products
Part of Nifty Microcap 250 Nifty Total Market BSE SmallCap BSE Allcap BSE Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|
114 | 189 | 285 | 392 | 251 | 401 | 665 | 763 | 812 | |
99 | 153 | 204 | 264 | 203 | 277 | 450 | 517 | 555 | |
Operating Profit | 16 | 36 | 81 | 128 | 47 | 124 | 215 | 246 | 257 |
OPM % | 14% | 19% | 28% | 33% | 19% | 31% | 32% | 32% | 32% |
1 | 1 | 6 | 5 | 32 | 21 | 12 | 17 | 23 | |
Interest | 1 | 2 | 12 | 18 | 22 | 25 | 31 | 42 | 44 |
Depreciation | 2 | 4 | 32 | 47 | 60 | 72 | 87 | 110 | 120 |
Profit before tax | 13 | 31 | 42 | 68 | -3 | 48 | 109 | 110 | 115 |
Tax % | 40% | 34% | 27% | 23% | 13% | 26% | 24% | 25% | |
8 | 21 | 31 | 53 | -4 | 36 | 83 | 83 | 86 | |
EPS in Rs | 8.03 | 20.59 | 10.31 | 17.54 | -1.18 | 6.59 | 15.33 | 15.33 | 15.87 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 45% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 189% |
TTM: | 0% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -3% |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 30 | 30 | 30 | 54 | 54 | 54 | 54 |
Reserves | 41 | 138 | 149 | 207 | 204 | 384 | 466 | 550 | 600 |
32 | 52 | 203 | 259 | 281 | 250 | 340 | 469 | 493 | |
12 | 15 | 23 | 25 | 36 | 68 | 71 | 72 | 82 | |
Total Liabilities | 95 | 215 | 405 | 521 | 551 | 756 | 931 | 1,145 | 1,229 |
19 | 26 | 186 | 256 | 260 | 291 | 394 | 527 | 552 | |
CWIP | 1 | 2 | 2 | 8 | 9 | 9 | 7 | 11 | 10 |
Investments | 7 | 81 | 23 | 9 | 46 | 46 | 22 | 6 | 10 |
68 | 106 | 194 | 248 | 237 | 410 | 508 | 601 | 656 | |
Total Assets | 95 | 215 | 405 | 521 | 551 | 756 | 931 | 1,145 | 1,229 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
6 | -4 | 33 | 57 | 90 | 33 | 104 | 219 | |
-15 | -11 | -5 | -18 | -47 | -58 | -28 | -73 | |
-0 | 99 | -31 | -44 | -37 | 64 | -84 | -108 | |
Net Cash Flow | -10 | 84 | -3 | -5 | 5 | 39 | -8 | 38 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 76 | 56 | 51 | 52 | 69 | 55 | 40 | 38 |
Inventory Days | 191 | 257 | 272 | 302 | 333 | 459 | 386 | 318 |
Days Payable | 41 | 47 | 53 | 29 | 42 | 48 | 60 | 53 |
Cash Conversion Cycle | 226 | 266 | 269 | 325 | 359 | 466 | 366 | 303 |
Working Capital Days | 144 | 134 | 138 | 155 | 190 | 189 | 156 | 138 |
ROCE % | 23% | 19% | 20% | 4% | 12% | 18% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
30 Oct - Transcript of Q2 FY 25 earnings call for Go Fashion.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Oct - Published Standalone Unaudited Financial Results for the Quarter ended 30th September 2024 in Newspapers.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
25 Oct - Audio link for Q2 FY 2024-25 earnings call.
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Announcement under Regulation 30 (LODR)-Investor Presentation
25 Oct - Investor presentation for Q2 FY 2025 released.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Oct - Go Fashion announces Q2 FY25 financial results.
Annual reports
Concalls
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022TranscriptPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
India’s Leading Women Apparel brand[1]
GFIL is the first and largest company to launch a brand exclusively dedicated to women’s bottom-wear category, with a market share of ~8% in the branded women’s bottom-wear market in FY24.