Gokak Textiles

Why is Gokak Textiles Ltd falling/rising?

As of 01-Sep, Gokak Textiles Ltd's stock price is declining, currently at Rs 56.02, reflecting a 6.63% drop. The stock has underperformed significantly over various time frames, with negative financial indicators and high volatility contributing to its downward trend.

As of 01-Sep, Gokak Textiles Ltd's stock price is falling, currently at Rs 56.02, which reflects a decrease of Rs 3.98 or 6.63%. This decline is part of a broader trend, as the stock has underperformed significantly over various time frames, with a year-to-date drop of 17.63% and a staggering 34.97% decrease over the past year. <BR><BR>Today's performance indicates that the stock has underperformed its sector by 6.75% and has experienced a trend reversal after two consecutive days of gains. It reached an intraday low of Rs 54, marking a 10% drop at one point. The stock has also shown high volatility today, with an intraday volatility of 5.26%. <BR><BR>Despite some positive results reported on June 26, such as a 52.31% growth in net sales for the quarter, the overall financial health of the company raises concerns. The company has a negative book value of Rs 75.43 crore and has recorded negative operating profits, with an EBIT of Rs -1.91 crore. This weak long-term fundamental strength, coupled with poor growth rates in net sales and operating profit over the last five years, contributes to the stock's downward trajectory. <BR><BR>In summary, the combination of high volatility, negative financial indicators, and significant underperformance relative to benchmarks and historical valuations are key factors driving the decline in Gokak Textiles Ltd's stock price.

Who are in the management team of Gokak Textiles?

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).

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>If you have any more questions about Gokak Textiles or its operations, feel free to ask!

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 25 Cr and a net loss of 4 Cr for June 2026. The company operates under the name Gokak Textiles Limited and has a market cap of INR 36 Cr.

Overview:<BR>Gokak Textiles Ltd operates in the Garments & Apparels industry and is categorized as a Micro Cap company.<BR><BR>History:<BR>Gokak Textiles Ltd 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 quarter for sales and profit is June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 25 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: -4 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 36 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A<BR>- Industry P/E: 28<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -3.76<BR>- Return on Equity: 55.93%<BR>- Price to Book: -0.49<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

Who are the peers of the Gokak Textiles?

Gokak Textiles' peers include Morarjee Textiles, Trident Texofab, Suryaamba Spinni, and others, with Avax Apparels showing excellent management and growth. Spenta Intl. leads in 1-year returns at 9.83%, while Gokak's return is -32.24%.

Peers: The peers of Gokak Textiles are Morarjee Text., Trident Texofab, Suryaamba Spinni, Mohit Industries, Super Spinning, Spenta Intl., Akshar Spintex, Avax Apparels, and Pasupati Spinng.<BR><BR>Quality Snapshot: Excellent management risk is observed at Avax Apparels, while Average management risk is found at Morarjee Text. and Suryaamba Spinni, and the rest have Below Average management risk. Growth is Excellent at Avax Apparels, while Average growth is noted at Suryaamba Spinni, and Below Average growth is seen at Morarjee Text., Trident Texofab, Mohit Industries, Super Spinning, Spenta Intl., Akshar Spintex, and the rest. For Capital Structure, Good is seen at Avax Apparels, Average at Suryaamba Spinni, and Below Average at Morarjee Text., Trident Texofab, Mohit Industries, Super Spinning, Spenta Intl., Akshar Spintex, Pasupati Spinng., and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Spenta Intl. at 9.83%, while Trident Texofab has the lowest at -90.61%. Gokak Textiles' 1-year return is -32.24%, which is better than Trident Texofab but worse than Spenta Intl. Additionally, peers with negative six-month returns include Trident Texofab, Mohit Industries, Super Spinning, Akshar Spintex, and Avax Apparels.

How big is Gokak Textiles?

As of 31st August, Gokak Textiles Ltd has a market capitalization of 36.00 Cr and reported net sales of 88.93 Cr, with a net loss of 29.30 Cr over the latest four quarters.

As of 31st August, Gokak Textiles Ltd has a market capitalization of 36.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Gokak Textiles reported net sales of 88.93 Cr. However, the company experienced a loss of 29.30 Cr in net profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, where shareholder's funds stood at a loss of 55.54 Cr, and total assets were valued at 272.34 Cr.

Which are the latest news on Gokak Textiles?

Should I buy, sell or hold Gokak Textiles Ltd?

Are Gokak Textiles Ltd latest results good or bad?

Gokak Textiles Ltd's latest results show a significant increase in net sales, but the company still faces severe financial challenges with a consolidated net loss of ₹4.88 crores and a high debt burden, indicating that the overall outlook is more concerning than positive.

Gokak Textiles Ltd's latest results present a mixed picture, highlighting both positive and negative aspects. On one hand, the company reported a significant increase in net sales, reaching ₹25.50 crores in Q4 FY26, which is a 35.21% increase quarter-on-quarter and a 33.58% increase year-on-year. This marks the highest quarterly revenue in two years, indicating some operational recovery.<BR><BR>However, despite this revenue growth, Gokak Textiles continues to face severe financial challenges. The company recorded a consolidated net loss of ₹4.88 crores for the quarter, which is a 23.51% decrease from the previous quarter but still reflects a substantial loss. Year-on-year, this loss represents a dramatic 78.06% deterioration in profitability.<BR><BR>Additionally, the company has a troubling debt burden of ₹273.72 crores against negative shareholder equity of ₹55.54 crores, leading to a negative book value per share of ₹323.53. This financial distress is compounded by a high interest burden, which significantly undermines any operational gains.<BR><BR>While the operating margin improved to 29.57%, the overall financial health of Gokak Textiles remains precarious, with ongoing losses and a negative return on capital employed. The stock has also underperformed significantly over the past year, falling nearly 38%, which is starkly worse than broader market indices.<BR><BR>In summary, while there are signs of revenue recovery, the persistent losses and significant debt issues overshadow these gains, indicating that the latest results are more concerning than encouraging.

When is the next results date for Gokak Textiles Ltd?

The next results date for Gokak Textiles Ltd is 11 August 2026.

The next results date for Gokak Textiles Ltd is scheduled for 11 August 2026.

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.

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.

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.

Has Gokak Textiles declared dividend?

No Dividend History Available