Buy Gokaldas Exports, target price Rs 425: ICICI Direct

ICICI Direct has buy call on Gokaldas Exports with a target price of Rs 425. The current market price of Gokaldas Exports is Rs 346.45.

Time period given by analyst is one year when Gokaldas Exports Ltd. price can reach defined target.

Gokaldas Exports Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 1991.73 Crore) operating in Apparels sector.


Gokaldas Exports Ltd. key Products/Revenue Segments include Textile Apparels, Export Incentives, Scrap, Job Work for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 446.00 Crore, up 83.55 % from last quarter Total Income of Rs 242.99 Crore and up 29.31 % from last year same quarter Total Income of Rs 344.89 Crore. Company reported net profit after tax of Rs 28.61 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 24.14 per cent stake in the company as of 07-Oct-2021, while FIIs owned 12.59 per cent, DIIs 24.02 per cent.