Buy Gokaldas Exports, target price Rs 973: ICICI Securities

ICICI Securities has buy call on Gokaldas Exports with a target price of Rs 973. The current market price of Gokaldas Exports Ltd. is Rs 806.

Gokaldas Exports Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 4852.12 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 30-09-2023, the company reported a Consolidated Total Income of Rs 509.01 Crore, down -2.53 % from last quarter Total Income of Rs 522.23 Crore and down -11.68 % from last year same quarter Total Income of Rs 576.32 Crore. Company reported net profit after tax of Rs 23.71 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 11.06 per cent stake in the company as of 30-Sep-2023, while FIIs owned 16.96 per cent, DIIs 32.68 per cent.