Equity: 17CR Book
value 35.53. Mcap:321 cr C.M.P :92.50RS
Gokaldas Exports Ltd (Gokaldas Exports) was incorporated in 1979 and commenced its export
operations in the same year. GEL was incorporated in 1979. Later in 2005, it
got converted into a public limited company The
IPO will be priced at Rs 425.00 a share through a 100-per cent book-building
route Gokaldas public issue oversold 42 times. Shares of Gokaldas Exports made
debut on the BSE at Rs 566 on April 27, 2005, a premium of 33.18 per cent to
the issue price of Rs 425. 2007The Comp.
has splits its face value from Rs.10/- to Rs.5/-.
Blackstone had acquired 50.1% stake in Gokaldas Exports
from the Bangalore-based Hinduja family for $116 million in August 2007. Later,
the PE fund increased its holding to 68.27% through an open offer with an
investment of about $45 million. Blackstone took control of the management by
appointing its nominee Gautam Chakravarti as the CEO of the export house. Amit
Dalmia, another Blackstone official, was placed in charge of finance as well as
functions such as marketing and business expansion. Blackstone Group LP has acquired at a price of 275.00Rs
The company, a Four Star Export House, is an
export-oriented apparel manufacturer. The group companies of Gokaldas Exports
include Gokaldas India and Unique Creations. Gokaldas Exports is engaged in
designing, manufacturing, and exporting a wide range of readymade garments for
men, women and children Gokaldas
Exports’ principal products include outer wear and bottom wear. The company’s
outerwear product portfolio includes both sportswear and winters wear whereas
bottom wear includes casual pants, chinos, linen trousers, denim jeans etc. Its
product range also includes blazers and pants (formal and casuals), shorts,
shirts, blouses, denim wear, swim wear, active and Sportswear.
Company has 13
subsidiary companies. The name of these companies is as follows: All Colour
Garments Private Limited, Deejay Trading Private Limited, Glamourwear Apparels
Private Limited, Madhin Trading Private Limited, MagentaTrading Private
Limited, Rafter Trading Private Limited, Rajdin Apparels Private Limited,
Reflexion Trading PrivateLimited, Rishikesh Apparels Private Limited, Seven
Hills Clothing Private Limited, SNS Clothing Private Limited,Vignesh Apparels
Private Limited and Robot Systems Private Limited
Plant Location
1. Atlantic Apparels
– III – Hyderabad
|
17. International
Clothing Company-IV
|
||||||||
Survey No. A-7/1,
Nacharam, Rangareddy
|
Survey No.112,A
Block, Near Bhandary
|
||||||||
District, Hyderabad.
Andhra Pradesh
|
Factory, 7th Mile,
Hosur Road,
|
||||||||
2. Carnival Clothing
Co, No.2/A-1,
|
Bengaluru-560 068,
Karnataka
|
||||||||
Chikkaveeranna Road
Cross, Bannimantap Etn,
|
18. Intex I, No.31,
Magadi Road,
|
||||||||
Mysore – 15,
Karnataka
|
Bengaluru-560 023,
Karnataka
|
||||||||
3. Carnival clothing
company-II
|
19. The Intex II,
#26, 2nd Cross, 3rd Main Road,
|
||||||||
Benganur Village
Bangarpet - KGF Road,
|
Industrial Suburb,
Yeshwanthpur,
|
||||||||
Bangarpet, Karnataka
|
Bengaluru-560 022
Karnataka
|
||||||||
4. Dressmaster
Suits, No.76/77, 6th Main,
|
20. The Intex V, #13
& 4, 1st A Cross
|
||||||||
3rd Phase, Peenya
Industrial Area,
|
Kamakshipallya,
Magadi Main Road
|
||||||||
Bengaluru - 560 058,
Karnataka
|
Bengaluru - 560 079,
Karnataka
|
||||||||
5. Euro Clothing Co
- I, No.122/1,
|
21. Indigo Blues,
Plot No-2, KIADB Industrial Area,
|
||||||||
Doddabidarakallu
Village,
|
Doddaballapur - 581
203. Karnataka
|
||||||||
Yeshwanthpur – 560
022
|
22. J.D.Clothing
Company,
|
||||||||
Bengaluru. Karnataka
|
No.9, Rajajinagar
Industrial Estate,
|
||||||||
6. Euro Clothing
Company II
|
Bengaluru-560 010.
Karnataka
|
||||||||
T.B.Road Srirangapatna,
Mandya,
|
23. Luckytex Unit-I
|
||||||||
Karnataka
|
No.17/A-34/A-1
Industrial Suburb,
|
||||||||
7. Gokaldas Exports
Ltd, R &D -I
|
Bengaluru, Karnataka
|
||||||||
No.70, Mission Road,
|
24. Luckytex-III,
No.17/A-34/A-1,
|
||||||||
Bengaluru-560 027,
Karnataka
|
Industrial Suburb,
Yeshwanthpur,
|
||||||||
8. Gokaldas Exports
Ltd, R &D - III
|
Bengaluru-560 022.
Karnataka
|
||||||||
# 76/1, II & III
Floor, Mission Road,
|
25. Sri Krishna
Industries, No.25/26, 3rd Main Road,
|
||||||||
Kalingarao Road,
Bengaluru-560 027. Karnataka
|
Industrial Suburb,
Yeshwanthpur,
|
||||||||
9. Gokaldas Exports
Ltd
|
Bengaluru-560 022.
Karnataka
|
||||||||
Sez Division, Plot
No.6/1, Phase - 2,
|
26. Triangle
Apparels-I, Site No.804/75,
|
||||||||
Mepz - Sez,
Tambaram, NH - 45,
|
7th Ward, Near Tilak
Park Police Station,
|
||||||||
Chennai - 600 045.
Tamil Nadu
|
Jayapure Road,
Tumkur - 01. Karnataka
|
||||||||
10. Global Garments
-Unit-I
|
27. Triangle
Apparels-II, No.106/5,6,7,8,9,
|
||||||||
No.17/1-38/4
Industrial Suburb,
|
Rachenahalli, Arabic
College Post,
|
||||||||
Bengaluru, Karnataka
|
Bengaluru-560 045.
Karnataka
|
||||||||
11. Global
Garments-III, No.44, 3rd Cross,
|
28. Triangle
Apparels – VI, # 25/26,
|
||||||||
Industrial Suburb,
Yeshwanthpur,
|
3rd Main Road,
Industrial Suburb,
|
||||||||
Bengaluru-560 022.
Karnataka
|
Yeshwanthpur,
Bengaluru – 22, Karnataka
|
||||||||
12. Gokaldas India,
No.21C & 21B, Survey
|
29. The Unique
Creations, No.44, Industrial
|
||||||||
No.34,35,36 &
37, Nallakadaranahalli,
|
Suburb, 3rd Main, II
Stage, Yeshwanthpur,
|
||||||||
Peenya II Stage,
Industrial Area, Peenya,
|
Bengaluru-560 022,
Karnataka
|
||||||||
Bengaluru-560 058.
Karnataka
|
30. Venkateshwara
Clothing Company – II
|
||||||||
13. Hinduja Proc
& Fins Unit, No.2, 5th Cross,
|
No.10, KHB, Colony
Industrial Area,
|
||||||||
Mysore Road,
Bengaluru-560 023. Karnataka
|
Yelahanka, Bengaluru
- 64. Karnataka
|
||||||||
14. Hinduja Sports
Wear, No.73/19/5,
|
31. Wearcraft
Apparels – I
|
||||||||
Industrial Suburb,
Yeshwanthpur,
|
No.17/1-38/4-1,
Industrial Suburb,
|
||||||||
Bengaluru-560 022.
Karnataka
|
Yeshwanthpur,
Bengaluru-560 022. Karnataka
|
||||||||
15. International
Clothing Company – I
|
32. The Wearwel II
|
||||||||
#B2, B3 & B4,
Indl Estate,
|
Industrial Estate
N.H-206, Tiptur,
|
||||||||
Madanapalli -517
325. Andhra Pradesh
|
karnataka
|
||||||||
16. International
Clothing Company-II
|
|||||||||
Operates
from 32 units spread across states of Karnataka, Tamil Nadu and Andhra Pradesh
and has installed capacity to produce more than 2.5 million garments per month.
GEL provides employment to 33,000 people.
Quarterly Results
Narration
|
13-Jun
|
13-Sep
|
13-Dec
|
14-Mar
|
Quarter
|
1st Qtr
|
2nd Qtr
|
3rd Qtr
|
4th Qtr
|
Sales
|
241.88
|
265.43
|
235.96
|
306.73
|
Operating Profit
|
-2.45
|
20.67
|
23.33
|
28.04
|
Other Income
|
2.15
|
11.37
|
2.34
|
0.48
|
EBIDT
|
-0.3
|
32.04
|
25.67
|
28.52
|
Interest
|
10.61
|
9.41
|
8.31
|
11.63
|
Depreciation
|
6.22
|
6.24
|
6.34
|
6.05
|
Tax
|
0
|
0
|
0
|
0.4
|
Net profit
|
-16.37
|
1.8
|
1
|
6.36
|
Adjusted EPS in
|
-4.76
|
0.52
|
0.29
|
1.85
|
Annual Results
Narration
|
11-Mar
|
12-Mar
|
13-Mar
|
14-Mar
|
15-MarE
|
Sales
|
1135.84
|
1002.07
|
969.56
|
1050
|
1250
|
Operating Profit
|
-37.78
|
-65.12
|
-46.69
|
69.59
|
93.75
|
OPM
|
-3.33%
|
-6.50%
|
-4.82%
|
6.45
|
7.50%
|
Other Income
|
7.87
|
4.21
|
3.32
|
16.34
|
|
EBIDT
|
-29.91
|
-60.91
|
-43.37
|
85.93
|
93.75
|
Interest
|
36.34
|
39.42
|
37.53
|
39.96
|
42
|
Depreciation
|
35.14
|
33.02
|
30.97
|
24.85
|
27
|
Profit before tax
|
-101.39
|
-133.35
|
-111.87
|
21.12
|
24.75
|
Tax
|
-4.57
|
0
|
0.01
|
0.4
|
0.25
|
Net profit
|
-88.08
|
-132.76
|
-111.88
|
-7.21
|
24.5
|
Adjusted EPS in
|
-25.6
|
-38.59
|
-32.52
|
-2.1
|
14.25
|
