Gokak Textiles

Who are the top shareholders of the Gokak Textiles?

The top shareholders of Gokak Textiles are Shapoorji Pallonji And Company Private Limited with 73.56%, Life Insurance Corporation of India at 4.49%, and individual investors holding 17.93%. There are no foreign institutional investors or mutual funds with ownership in the company.

The top shareholders of Gokak Textiles include Shapoorji Pallonji And Company Private Limited, which holds a significant 73.56% stake in the company. Other notable shareholders are the Life Insurance Corporation of India, with a 4.49% holding, and individual investors, who collectively own 17.93% of the shares. There are currently no foreign institutional investors (FIIs) holding shares, and mutual funds have a negligible presence with 0.0% ownership across four schemes.

When is the next results date for Gokak Textiles?

No Upcoming Board Meetings

Who are in the management team of Gokak Textiles?

As of March 2022, the management team of Gokak Textiles includes Ramesh R Patil (Managing Director & CEO), Vinod Bhandawat (Chairman), and several independent directors: Pradip N Kapadia, D G Prasad, and Nikhil Bhatia, along with Tripti Navani (Director) and Rakesh M Nanwani (Company Secretary & Compliance Officer). They oversee the company's operations and strategic direction.

As of March 2022, the management team of Gokak Textiles includes the following members:<BR><BR>1. **Ramesh R Patil** - Managing Director & CEO<BR>2. **Vinod Bhandawat** - Chairman (Non-Executive)<BR>3. **Pradip N Kapadia** - Independent Director<BR>4. **D G Prasad** - Independent Director<BR>5. **Nikhil Bhatia** - Independent Director<BR>6. **Tripti Navani** - Director<BR>7. **Rakesh M Nanwani** - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

Has Gokak Textiles declared dividend?

No Dividend History Available

Who are the peers of the Gokak Textiles?

Gokak Textiles' peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Eureka Industrie, Arex Industries, Mohite Industrie, and Padam Cotton. Notably, Padam Cotton has the highest 1-year return at 288.89%, while Gokak Textiles has a return of -35.02%.

Peers: The peers of Gokak Textiles are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Eureka Industrie, Arex Industries, Mohite Industrie, and Padam Cotton.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent. Average management risk is present at Padam Cotton and Trident, and Below Average management risk is noted at Arex Industries, Mohite Industrie, and Eureka Industrie. Growth is Excellent at K P R Mill Ltd and Padam Cotton, Good at Trent, and Below Average at Page Industries, Vedant Fashions, Trident, Arex Industries, Mohite Industrie, and Eureka Industrie. Capital Structure is Excellent at K P R Mill Ltd and Page Industries, Good at Trident, Average at Arex Industries, and Below Average at Trent, Eureka Industrie, Mohite Industrie, and Gokak Textiles.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Padam Cotton at 288.89%, while the lowest is Vedant Fashions at -24.65%. Gokak Textiles has a 1-year return of -35.02%, which is lower than both. Additionally, the peers with negative six-month returns include Gokak Textiles, Vedant Fashions, Trident, Mohite Industrie, and Eureka Industrie.

Is Gokak Textiles overvalued or undervalued?

As of July 26, 2023, Gokak Textiles is considered a risky investment due to its negative PE ratio of -2.23, high EV to EBITDA ratio of 24.68, and a ROCE of -2.27%, indicating overvaluation despite a recent strong performance relative to the Sensex.

As of 26 July 2023, Gokak Textiles' valuation grade has moved from does not qualify to risky, indicating a significant change in its perceived investment quality. The company appears to be overvalued based on its negative PE ratio of -2.23 and a high EV to EBITDA ratio of 24.68, which suggests that investors are paying a premium despite the company's poor earnings performance. Additionally, the ROCE stands at -2.27%, further highlighting the challenges the company faces in generating returns on capital.<BR><BR>In comparison to its peers, Gokak Textiles' valuation metrics are concerning. For instance, K P R Mill Ltd is categorized as very expensive with a PE ratio of 47.51, while Trident is deemed fair with a PE of 42.6. This stark contrast emphasizes Gokak's unfavorable position within the industry. Despite a recent strong performance relative to the Sensex, with a 1-month return of 17.79% compared to the Sensex's 3.91%, the overall financial indicators suggest that Gokak Textiles remains overvalued in the current market environment.

What is the technical trend for Gokak Textiles?

As of April 2, 2025, Gokak Textiles shows a mildly bearish trend overall, with mixed signals from various indicators suggesting cautious sentiment despite some bullish signs on the weekly chart.

As of 2 April 2025, the technical trend for Gokak Textiles has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals across time frames. The RSI shows no signal on the weekly chart but is bullish on the monthly, indicating potential strength in longer-term momentum. Bollinger Bands are bullish weekly but mildly bearish monthly, reflecting volatility concerns. Daily moving averages are mildly bearish, aligning with the overall trend. The KST is mildly bullish weekly but mildly bearish monthly, further contributing to the mixed outlook. Dow Theory indicates a mildly bearish trend on the weekly chart with no trend on the monthly, reinforcing the cautious stance. Overall, the current technical stance is mildly bearish with some bullish indicators on the weekly time frame, but the prevailing sentiment remains cautious.

What does Gokak Textiles do?

Gokak Textiles Ltd, a Micro Cap company in the Garments & Apparels industry, was incorporated in 2006 and reported net sales of 191 Cr and a net loss of 222 Cr for the quarter ending March 2025. The company operates under the name Gokak Textiles and has a market cap of INR 64 Cr.

Overview: <BR>Gokak Textiles Ltd operates in the Garments & Apparels industry and is classified as a Micro Cap company.<BR><BR>History: <BR>Gokak Textiles Limited was incorporated in 2006 under the name ANS Textiles (Bangalore) Limited and changed its name to Gokak Textiles Limited on January 23, 2007. The Textile Division of the former Forbes Gokak Limited was transferred to Gokak Textiles Limited effective April 1, 2007. The latest reported financial results are for the quarter ending March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 191 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: -222 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 64 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -5.27 <BR>Return on Equity: 58.16% <BR>Price to Book: -1.16<BR><BR>Contact Details: <BR>Address: 1 2nd Flr Ideal Homes 12th Cr, Rajarajeshwari Nagar Mysore Rd Bangalore Karnataka : 560098 <BR>Tel: 91-080-29744077/29744078 <BR>Email: secretarial@gokakmills.com <BR>Website: http://www.gokakmills.com

How big is Gokak Textiles?

As of 24th July, Gokak Textiles Ltd has a market capitalization of 64.00 Cr and reported Net Sales of 98.47 Cr, but incurred a Net Profit loss of 44.43 Cr in the latest four quarters. Shareholder's Funds were at a loss of 55.54 Cr, with Total Assets valued at 272.34 Cr.

As of 24th July, Gokak Textiles Ltd has a market capitalization of 64.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Gokak Textiles reported Net Sales of 98.47 Cr. However, the company experienced a Net Profit loss of 44.43 Cr during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025. Shareholder's Funds stood at a loss of 55.54 Cr, while Total Assets were valued at 272.34 Cr.

Are Gokak Textiles latest results good or bad?

Gokak Textiles' latest results are disappointing, with net sales dropping 36.90% year-on-year and a Profit Before Tax decline of nearly 92%, resulting in a net loss of Rs -11.60 crore. Despite improved inventory management, the overall financial performance is poor, marked by the lowest operating profit margin in five quarters.

Gokak Textiles has reported disappointing financial results for the quarter ending June 2025. The company experienced a significant decline in net sales, which dropped by 36.90% year-on-year, totaling Rs 16.67 crore. This decline is accompanied by a dramatic fall in Profit Before Tax (PBT), which plummeted to Rs -12.86 crore, reflecting a decrease of nearly 92%. Similarly, Profit After Tax (PAT) also saw a staggering decline of 130.2%, reaching Rs -11.60 crore.<BR><BR>While there is a positive note regarding the inventory management, with an inventory turnover ratio of 8.65 times indicating improved efficiency, this is overshadowed by the overall poor financial performance. The operating profit margin has decreased to 5.76%, the lowest in the last five quarters, and interest expenses have risen to Rs 8.83 crore, indicating increased borrowing costs.<BR><BR>Overall, the latest results for Gokak Textiles can be characterized as bad, with multiple key financial metrics showing significant declines.

How has been the historical performance of Gokak Textiles?

Gokak Textiles has experienced significant fluctuations in financial performance, with net sales declining from INR 131.06 crore in March 2024 to INR 98.47 crore in March 2025, and a net loss increasing to -INR 44.44 crore. Despite some operational improvements, the company continues to face substantial challenges.

Answer:<BR>The historical performance of Gokak Textiles shows significant fluctuations in its financial metrics over the years, particularly in net sales and profitability.<BR><BR>Breakdown:<BR>Gokak Textiles experienced a decline in net sales from INR 131.06 crore in March 2024 to INR 98.47 crore in March 2025, following a recovery from INR 84.23 crore in March 2023. The total operating income mirrored this trend, decreasing to INR 98.47 crore in March 2025 from INR 131.06 crore in the previous year. The company's total expenditure also fell to INR 83.68 crore in March 2025 from INR 116.50 crore in March 2024, contributing to an operating profit of INR 19.70 crore, a notable increase from INR 17.52 crore. However, the company faced substantial interest expenses of INR 30.12 crore, leading to a profit before tax of -INR 42.73 crore in March 2025, worsening from -INR 19.43 crore in March 2024. The net profit also declined to -INR 44.44 crore in March 2025 from -INR 15.26 crore, reflecting ongoing challenges. The company's total assets decreased to INR 272.34 crore in March 2025 from INR 316.57 crore in March 2024, while total liabilities also fell to INR 295.29 crore from INR 267.86 crore. Cash flow from operating activities improved to INR 42.00 crore in March 2025, up from INR 13.00 crore, although the net cash outflow was -INR 4.00 crore. Overall, Gokak Textiles has shown volatility in its financial performance, with significant losses in recent years despite some operational improvements.

Should I buy, sell or hold Gokak Textiles?

Why is Gokak Textiles Ltd falling/rising?

As of 18-Jan, Gokak Textiles Ltd's stock price is Rs. 59.50, down -0.82%, and has hit a new 52-week low of Rs. 56.7. The company is facing significant financial challenges, including declining sales and profits, high debt, and underperformance compared to the market, leading to bearish investor sentiment.

As of 18-Jan, Gokak Textiles Ltd is experiencing a decline in its stock price, currently at Rs. 59.50, reflecting a change of -0.49 (-0.82%). The stock has been underperforming significantly, with a consecutive fall over the last two days amounting to a total decline of -4.78%. Additionally, the stock has hit a new 52-week low of Rs. 56.7 today, indicating a downward trend.<BR><BR>The performance metrics reveal that Gokak Textiles has underperformed the sector by -0.41% today and has shown a substantial decrease of -16.96% over the past month. Year-to-date, the stock is down -12.51%, and over the last year, it has plummeted by -53.80%, while the broader market, represented by the Sensex, has gained 8.47% during the same period.<BR><BR>Investor participation appears to be declining, as evidenced by a significant drop in delivery volume, which fell by -59.36% compared to the 5-day average. Furthermore, the stock is trading below its moving averages across various time frames, indicating a bearish sentiment among investors.<BR><BR>The company's financial health is concerning, with a negative book value and a weak long-term fundamental strength. Over the last four consecutive quarters, Gokak Textiles has reported negative results, including a -32.89% decline in net sales and a staggering -92.88% drop in profit before tax. The high debt levels and poor growth metrics further exacerbate the situation, making the stock a risky investment.<BR><BR>In summary, the combination of poor financial performance, declining investor interest, and significant underperformance relative to the market are key factors contributing to the falling stock price of Gokak Textiles Ltd.

Which are the latest news on Gokak Textiles?