Gokaldas Exports Detail
Gokaldas Exports is in portfolio of Mukul Agarwal. He is one of the top investors in India. The company belongs to Textiles sector.
As per the Company website it is the One Stop Shop for the world’s most acclaimed brands. It is the largest manufacturer and exporter of apparels in India.
It has 23 manufacturing units with more than ten thousand machines running to meet demand of clients across World. It makes apparel based on orders from different Clients. Below are some facts and figures of the Company which will help you understand it better.
- 25,000 direct employees.
- 2.5 million peak, monthly production capacity.
- 21 million garments produced in a year.
- We export to more than 30 countries.
The Company takes care of all operations like laying, cutting, stitching and embroidery to quilting and printing. Some marquee clients names are Diesel, Lee, Reebok, Hurley and Forever 21 among others.
Gokaldas Exports Stock Performance
On Long term price performance chart the Company has not given any return to investors. It has corrected from 300 INR levels to less than 100 levels as of now.
But there is one comfort point as well. From year 2012 onward it is trading between 50 and 100. So after fall from 300 to 100 it is consolidating for past few years in range bound movement.
Gokaldas Exports My Opinion
Gokaldas Exports is a Textiles Company. This is evergreen sector and will always have demand. This is the best thing about the sector. It will remain relevant till human have clothing needs. So it is basic necessity of people.
There is much competition as well in this sector. People have started setting up small companies to cater local demand. There is huge competition in this sector. It can be divided into many sub sectors as well like Woolen, Linen and Cotton to name a few.
The Company is mainly a export oriented Company. It takes order from Clients in other countries. So it is more of a manufacturing service Company. The business model of the Company is good and major revenue source is dependent on Export.
But it has not performed well over the years. The stock is consolidating for more than 5 years. If you are interested in this counter then you should wait for it to trade above the range (break above the range) before making an entry. I am not tracking the Company as business is not unique and too much dependent on external order.
In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.