Recent Price Movements and Market Context
On 23 Feb 2026, Go Fashion (India) Ltd’s stock price closed just 0.43% above its 52-week low of Rs 331.95, touching an intraday low of Rs 332. The stock underperformed the Garments & Apparels sector by 1.51% and declined 2.50% on the day, contrasting with the Sensex’s modest gain of 0.60%. This marks the third consecutive day of losses, with the stock falling 6.37% over this period.
The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling persistent bearish momentum. Over the past month, the stock has declined by 12.33%, while the Sensex gained 2.18%. The three-month performance shows a sharper fall of 37.91%, compared to a 2.25% decline in the Sensex.
Long-Term Performance and Benchmark Comparison
Over the last year, Go Fashion (India) Ltd has generated a negative return of 58.26%, starkly contrasting with the Sensex’s 10.63% gain. Year-to-date, the stock has fallen 28.30%, while the Sensex declined by 2.24%. The three-year performance is particularly notable, with the stock losing 65.74% against a 39.78% rise in the Sensex. Over five and ten years, the stock has remained flat at 0.00%, whereas the Sensex has surged 67.46% and 255.89%, respectively.
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Financial Performance and Profitability Metrics
Go Fashion (India) Ltd reported a decline in net sales by 13.06% in the December 2025 quarter, contributing to what MarketsMOJO classifies as very negative quarterly results. The company’s profit after tax (PAT) for the quarter stood at Rs 7.17 crores, down 67.5% compared to the average of the previous four quarters.
Return on Capital Employed (ROCE) for the half-year period was recorded at 12.88%, the lowest in recent assessments. The operating profit to interest coverage ratio also declined to 4.19 times, indicating reduced buffer to meet interest obligations from operating earnings.
Market Ratings and Quality Assessments
MarketsMOJO has downgraded Go Fashion (India) Ltd’s Mojo Grade from Hold to Sell as of 26 May 2025, reflecting deteriorated fundamentals and valuation concerns. The company’s Mojo Score stands at 36.0, signalling weak overall quality. The market capitalisation grade is rated 3, indicating a mid-tier valuation relative to peers.
Debt and Efficiency Indicators
Despite the challenges, the company maintains a relatively low Debt to EBITDA ratio of 1.01 times, suggesting a manageable debt burden. Management efficiency remains a positive aspect, with a reported ROCE of 15.78% in other assessments, highlighting effective capital utilisation in certain periods.
Operating profit has grown at an annual rate of 30.81%, indicating some underlying strength in earnings generation over the longer term, although recent quarterly results have not reflected this trend.
Valuation and Institutional Holdings
Go Fashion (India) Ltd’s valuation metrics show an enterprise value to capital employed ratio of 2, which is considered very attractive and below the average historical valuations of its peers. However, the stock’s recent performance and profit declines have overshadowed this valuation advantage.
Institutional investors hold a significant 40.33% stake in the company, reflecting confidence from entities with greater analytical resources and long-term perspectives.
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Sector and Peer Comparison
Within the Garments & Apparels sector, Go Fashion (India) Ltd’s recent underperformance is pronounced. The stock has consistently lagged behind the BSE500 index in each of the last three annual periods. While the sector has shown resilience, the company’s returns have been negative, highlighting a divergence from broader industry trends.
Over the past year, profits have declined by 17.9%, further emphasising the pressures on the company’s earnings despite some long-term growth in operating profit.
Summary of Key Challenges
The stock’s fall to an all-time low is underpinned by a combination of declining sales, sharply reduced profits, and weakening coverage ratios. The consistent underperformance relative to market benchmarks and peers over multiple time frames underscores the severity of the situation. While valuation metrics suggest some discount relative to peers, recent financial results have not supported a positive re-rating.
Trading below all major moving averages and with a Mojo Grade of Sell, the stock remains under pressure in the current market environment.
Conclusion
Go Fashion (India) Ltd’s stock reaching an all-time low marks a significant point in its market journey, reflecting a prolonged period of financial and market challenges. The company’s recent quarterly results, combined with its extended underperformance against benchmarks, provide a comprehensive picture of the current state. Investors and market participants will continue to monitor the stock’s trajectory amid these developments.
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