Gokaldas Exports Ltd (GOKEX)

Gokaldas Exports' Weak Earnings Raise Concerns - 26 Apr, 2024

Shareholders of Gokaldas Exports are not too concerned about the weak earnings, but there are underlying factors that raise concerns. The company's free cash flow fell short of covering its statutory profit, and new share issuance could have ramifications. It is important to consider the risks facing Gokaldas Exports at this point in time.

Gokaldas Exports Raises Rs 600 Crore Through QIP Offering - 24 Apr, 2024

Garment manufacturer Gokaldas Exports has raised Rs 600 crore through a qualified institutional placement (QIP) offering, issuing 77,41,935 equity shares at an issue price of Rs 775 per share. The company's stock erased gains after setting the issue price at a discount of 1.9% to the floor price.

Gokaldas Exports Closes QIP Issue - 23 Apr, 2024

Gokaldas Exports Ltd has approved a qualified institutional placement (QIP) offering at an issue price of Rs 775 per equity share with a discount of 1.90% on the floor price. Analysts are monitoring the company's US dependence and potential growth in the EU market.

Gokaldas Exports Launches QIP to Raise Funds - 19 Apr, 2024

Bengaluru-based apparel manufacturer Gokaldas Exports plans to raise Rs 600 crore through a qualified institutional placement (QIP) with an indicative issue price of Rs 775 per share. The funds will be used for repaying or prepaying certain borrowings, settling debts incurred due to investments in wholly owned subsidiary Sri Susamyuta Knits, and financing the acquisition of Matrix Clothing and Matrix Design and Industries. The lock-in period is 120 days.

Gokaldas Exports Launches QIP to Raise Funds for Expansion and Debt Reduction - 18 Apr, 2024

Gokaldas Exports has launched its Qualified Institutional Placement (QIP) to raise up to Rs 600 crore for expansion, debt reduction, or other strategic purposes. The company's QIP will result in dilution of up to 12.2% of pre-issue outstanding equity share capital.

Gokaldas Exports Shares Dip by 1.85% - 15 Apr, 2024

Gokaldas Exports shares traded at Rs 778.65 per share, decreasing around 1.85% as compared to the previous closing price. The company's PEG ratio is assessed to be 0.78. Goldman Sachs India holds a 5.23% stake in the company. In Q3FY24, Gokaldas Exports' revenue stood at Rs 552 crore and net profit at Rs 30 crore.

Gokaldas Exports Sees Strong Revenue Growth and Plans Capacity Expansion - 14 Apr, 2024

Gokaldas Exports has reported a 24.12% increase in revenue for FY2023, with a robust CAGR of 17.47% over the last four years. The company plans to invest Rs. 370 crore to maximize capacity utilization and unlock capacity in its current facilities. In addition, a new knitwear plant is expected to contribute to additional revenue generation of Rs. 300 crore by FY2025E.

Gokaldas Exports Achieves 77% EPS Growth in Three Years - 06 Apr, 2024

Gokaldas Exports achieved a compound earnings per share growth of 77% per year, indicating the market's optimism on the stock after years of progress. The average annual increase in share price was 114%, reflecting positive sentiment.