Go Fashion (India)

₹1192.9 -39.4 | 3.2%

WEBSITE BSE:543401 NSE : GOCOLORS 09 Jun, 12:48

Market Cap ₹6408 Cr.

Stock P/E 78.7

P/B 12.4

Current Price ₹1192.9

Book Value ₹ 96.4

Face Value 10

52W High ₹1450

Dividend Yield 0%

52W Low ₹ 874.7

Edit Ratio

Go Fashion (India) Research see more...

Go Fashion (India) Ltd

Overview Inc. Year: 2010Industry: Retailing

Go Fashion (India) Ltd engages in the design improvement, sourcing, advertising, and retailing of a variety of ladies’s bottom-wear and kids clothing merchandise beneath the Go Colors logo in India. Its bottom-wear products consist of churidars, leggings, dhotis, harem pants, patiala, palazzos, culottes, pants, trousers, and jeggings in numerous categories, including ethnic wear, western wear, fusion wear, athleisure, denims, plus sizes, and girls wear. The business enterprise sells its merchandise through a network of 500 special logo retailers, in addition to via its website, online marketplaces, and multi-logo shops. Go Fashion (India) Ltd was founded in 2010 and is primarily based in Chennai, Tamil Nadu.

Go Fashion (India) Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Go Fashion (India) Quarterly Results

#(Fig in Cr.)	Dec 2021	Sep 2022	Dec 2022	Mar 2023
Net Sales	142	166	177	158
Other Income	3	3	3	3
Total Income	145	169	179	160
Total Expenditure	90	116	118	108
Operating Profit	55	52	62	52
Interest	5	7	7	8
Depreciation	17	21	22	25
Exceptional Income / Expenses	0	0	0	0
Profit Before Tax	33	25	33	19
Provision for Tax	9	5	8	4
Profit After Tax	24	19	24	15
Adjustments	0	-0	0	-0
Profit After Adjustments	24	19	24	15
Adjusted Earnings Per Share	4.4	3.6	4.5	2.7

Go Fashion (India) Profit & Loss

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	285	392	251	401	643
Other Income	6	5	32	21	12
Total Income	291	397	282	422	653
Total Expenditure	204	264	203	281	432
Operating Profit	87	133	79	142	221
Interest	12	18	22	25	27
Depreciation	32	47	60	69	85
Exceptional Income / Expenses	0	0	0	0	0
Profit Before Tax	42	68	-3	48	110
Provision for Tax	11	16	0	12	26
Profit After Tax	31	53	-4	36	82
Adjustments	0	0	0	0	0
Profit After Adjustments	31	53	-4	36	82
Adjusted Earnings Per Share	0	0	-1.2	6.6	15.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	60%	12%	0%	0%
Operating Profit CAGR	80%	18%	0%	0%
PAT CAGR	0%	5%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	19%	NA%	NA%	NA%
ROE Average	11%	11%	13%	13%
ROCE Average	20%	20%	21%	21%

Go Fashion (India) Balance Sheet

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	228	286	283	438
Minority's Interest	0	0	0	0
Borrowings	0	0	0	0
Other Non-Current Liabilities	142	175	212	169
Total Current Liabilities	31	52	46	143
Total Liabilities	401	514	541	751
Fixed Assets	186	256	260	284
Other Non-Current Assets	20	30	37	39
Total Current Assets	195	228	245	428
Total Assets	401	514	541	751

Go Fashion (India) Cash Flow

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	5	2	-3	3
Cash Flow from Operating Activities	33	57	90	33
Cash Flow from Investing Activities	-5	-18	-47	-58
Cash Flow from Financing Activities	-31	-44	-37	64
Net Cash Inflow / Outflow	-3	-5	5	39
Closing Cash & Cash Equivalent	2	-3	3	42

Go Fashion (India) Ratios

#	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	0	0	-1.18	6.59
CEPS(Rs)	21.02	33.07	18.99	19.29
DPS(Rs)	0	0	0	0
Book NAV/Share(Rs)	0	0	77.98	81.17
Core EBITDA Margin(%)	27.48	31.44	17.72	29.49
EBIT Margin(%)	18.52	21.19	6.93	17.81
Pre Tax Margin(%)	14.33	16.76	-1.17	11.69
PAT Margin (%)	10.5	12.92	-1.32	8.7
Cash Profit Margin (%)	21.4	24.34	21.26	25.45
ROA(%)	7.72	11.51	-0.67	5.51
ROE(%)	17.25	25.27	-1.5	10.59
ROCE(%)	23.07	32.86	6.38	19.93
Receivable days	49.64	42.86	70.01	47.85
Inventory Days	86.08	78.52	127.25	110.04
Payable days	53.37	34.1	42.7	38.98
PER(x)	0	0	0	154.08
Price/Book(x)	0	0	0	12.51
Dividend Yield(%)	0	0	0	0
EV/Net Sales(x)	0.15	0.13	0.2	13.4
EV/Core EBITDA(x)	0.5	0.37	0.63	38.01
Net Sales Growth(%)	0	37.43	-36.06	60.1
EBIT Growth(%)	0	58.25	-78.5	292.72
PAT Growth(%)	0	70.11	-106.72	1106.1
EPS Growth(%)	0	0	-106.73	658.01
Debt/Equity(x)	0.04	0.01	0.04	0
Current Ratio(x)	6.29	4.39	5.31	2.98
Quick Ratio(x)	4.05	2.35	3.55	1.84
Interest Cover(x)	4.41	4.78	0.86	2.91
Total Debt/Mcap(x)	0	0	0	0

Go Fashion (India) Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	52.79	52.79	52.79	52.79	52.79	52.79
FII	10.42	7.64	6.98	6.77	6.37	16.58
DII	19.68	22.53	23.68	23.64	27.4	27.73
Public	17.12	17.05	16.55	16.81	13.45	2.91
Others	0	0	0	0	0	0
Total	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	2.85	2.85	2.85	2.85	2.85	2.85
FII	0.56	0.41	0.38	0.37	0.34	0.9
DII	1.06	1.22	1.28	1.28	1.48	1.5
Public	0.92	0.92	0.89	0.91	0.73	0.16
Others	0	0	0	0	0	0
Total	5.4	5.4	5.4	5.4	5.4	5.4

Pros

Debtor days have improved from 42.7 to 38.98days.
Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.
Stock is trading at 12.4 times its book value.
The company has delivered a poor profit growth of 0% over past five years.

* 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.