Gokaldas Exports Limited (GOKEX) - Net Assets
Based on the latest financial reports, Gokaldas Exports Limited (GOKEX) has net assets worth Rs21.56 Billion INR (≈ $233.14 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs38.99 Billion ≈ $421.61 Million USD) and total liabilities (Rs17.43 Billion ≈ $188.47 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GOKEX cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs21.56 Billion |
| % of Total Assets | 55.3% |
| Annual Growth Rate | 13.46% |
| 5-Year Change | 617.31% |
| 10-Year Change | 863.83% |
| Growth Volatility | 47.22 |
Gokaldas Exports Limited - Net Assets Trend (2005–2025)
This chart illustrates how Gokaldas Exports Limited's net assets have evolved over time, based on quarterly financial data. Also explore GOKEX total assets for the complete picture of this company's asset base.
Annual Net Assets for Gokaldas Exports Limited (2005–2025)
The table below shows the annual net assets of Gokaldas Exports Limited from 2005 to 2025. For live valuation and market cap data, see Gokaldas Exports Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs20.81 Billion ≈ $225.02 Million |
+61.13% |
| 2024-03-31 | Rs12.91 Billion ≈ $139.65 Million |
+45.71% |
| 2023-03-31 | Rs8.86 Billion ≈ $95.84 Million |
+25.15% |
| 2022-03-31 | Rs7.08 Billion ≈ $76.59 Million |
+144.14% |
| 2021-03-31 | Rs2.90 Billion ≈ $31.37 Million |
+28.00% |
| 2020-03-31 | Rs2.27 Billion ≈ $24.51 Million |
-5.73% |
| 2019-03-31 | Rs2.40 Billion ≈ $26.00 Million |
+83.63% |
| 2018-03-31 | Rs1.31 Billion ≈ $14.16 Million |
-24.32% |
| 2017-03-31 | Rs1.73 Billion ≈ $18.71 Million |
-19.88% |
| 2016-03-31 | Rs2.16 Billion ≈ $23.35 Million |
+35.91% |
| 2015-03-31 | Rs1.59 Billion ≈ $17.18 Million |
+28.45% |
| 2014-03-31 | Rs1.24 Billion ≈ $13.37 Million |
-0.26% |
| 2013-03-31 | Rs1.24 Billion ≈ $13.41 Million |
-45.42% |
| 2012-03-31 | Rs2.27 Billion ≈ $24.56 Million |
-38.34% |
| 2011-03-31 | Rs3.68 Billion ≈ $39.84 Million |
-20.12% |
| 2010-03-31 | Rs4.61 Billion ≈ $49.87 Million |
+3.89% |
| 2009-03-31 | Rs4.44 Billion ≈ $48.00 Million |
-1.84% |
| 2008-03-31 | Rs4.52 Billion ≈ $48.90 Million |
+10.72% |
| 2007-03-31 | Rs4.08 Billion ≈ $44.16 Million |
+18.07% |
| 2006-03-31 | Rs3.46 Billion ≈ $37.41 Million |
+107.64% |
| 2005-03-31 | Rs1.67 Billion ≈ $18.02 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Gokaldas Exports Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 493801400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs4.94 Billion | 23.73% |
| Common Stock | Rs357.33 Million | 1.72% |
| Other Comprehensive Income | Rs1.93 Billion | 9.30% |
| Other Components | Rs13.58 Billion | 65.25% |
| Total Equity | Rs20.81 Billion | 100.00% |
Gokaldas Exports Limited Competitors by Market Cap
The table below lists competitors of Gokaldas Exports Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Audax Renovables S.A.
MC:ADX
|
$580.70 Million |
|
LG Balakrishnan & Bros Limited
NSE:LGBBROSLTD
|
$580.75 Million |
|
Opthea Ltd
AU:OPT
|
$580.76 Million |
|
Shanghai Material Trading Co Ltd A
SHG:600822
|
$580.85 Million |
|
Kona I Co.Ltd
KQ:052400
|
$580.06 Million |
|
Vibhavadi Medical Center Public Company Limited
BK:VIBHA
|
$580.03 Million |
|
Polimex-Mostostal S.A.
WAR:PXM
|
$579.91 Million |
|
Solowin Holdings
NASDAQ:AXG
|
$579.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gokaldas Exports Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,913,400,000 to 20,806,791,000, a change of 7,893,391,000 (61.1%).
- Net income of 1,585,409,000 contributed positively to equity growth.
- Share repurchases of 5,969,333,000 reduced equity.
- New share issuances of 5,969,333,000 increased equity.
- Other comprehensive income increased equity by 253,911,000.
- Other factors increased equity by 6,054,071,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.59 Billion | +7.62% |
| Share Repurchases | Rs5.97 Billion | -28.69% |
| Share Issuances | Rs5.97 Billion | +28.69% |
| Other Comprehensive Income | Rs253.91 Million | +1.22% |
| Other Changes | Rs6.05 Billion | +29.1% |
| Total Change | Rs- | 61.13% |
Book Value vs Market Value Analysis
This analysis compares Gokaldas Exports Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.60x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 26.67x to 2.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs27.47 | Rs732.45 | x |
| 2006-03-31 | Rs57.03 | Rs732.45 | x |
| 2007-03-31 | Rs67.33 | Rs732.45 | x |
| 2008-03-31 | Rs74.55 | Rs732.45 | x |
| 2009-03-31 | Rs73.18 | Rs732.45 | x |
| 2010-03-31 | Rs76.03 | Rs732.45 | x |
| 2011-03-31 | Rs60.73 | Rs732.45 | x |
| 2012-03-31 | Rs37.45 | Rs732.45 | x |
| 2013-03-31 | Rs20.44 | Rs732.45 | x |
| 2014-03-31 | Rs20.39 | Rs732.45 | x |
| 2015-03-31 | Rs45.91 | Rs732.45 | x |
| 2016-03-31 | Rs61.45 | Rs732.45 | x |
| 2017-03-31 | Rs28.52 | Rs732.45 | x |
| 2018-03-31 | Rs21.58 | Rs732.45 | x |
| 2019-03-31 | Rs39.63 | Rs732.45 | x |
| 2020-03-31 | Rs37.36 | Rs732.45 | x |
| 2021-03-31 | Rs47.83 | Rs732.45 | x |
| 2022-03-31 | Rs116.76 | Rs732.45 | x |
| 2023-03-31 | Rs146.12 | Rs732.45 | x |
| 2024-03-31 | Rs202.22 | Rs732.45 | x |
| 2025-03-31 | Rs281.51 | Rs732.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gokaldas Exports Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.62%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.32%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 1.70x
- Recent ROE (7.62%) is above the historical average (-0.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 23.89% | 5.58% | 1.70x | 2.52x | Rs231.35 Million |
| 2006 | 17.63% | 7.01% | 1.34x | 1.87x | Rs263.80 Million |
| 2007 | 17.27% | 7.02% | 1.22x | 2.02x | Rs296.93 Million |
| 2008 | 10.58% | 4.74% | 1.09x | 2.06x | Rs26.03 Million |
| 2009 | 0.77% | 0.31% | 1.19x | 2.08x | Rs-409.60 Million |
| 2010 | -0.40% | -0.17% | 1.17x | 1.98x | Rs-479.34 Million |
| 2011 | -23.01% | -7.83% | 1.34x | 2.20x | Rs-1.22 Billion |
| 2012 | -58.28% | -12.92% | 1.66x | 2.71x | Rs-1.55 Billion |
| 2013 | -88.27% | -11.16% | 1.53x | 5.18x | Rs-1.22 Billion |
| 2014 | -5.42% | -0.59% | 1.80x | 5.08x | Rs-190.67 Million |
| 2015 | 21.84% | 3.18% | 1.65x | 4.15x | Rs188.04 Million |
| 2016 | 28.41% | 5.37% | 1.55x | 3.41x | Rs397.48 Million |
| 2017 | -28.39% | -5.28% | 1.39x | 3.88x | Rs-664.03 Million |
| 2018 | -23.68% | -3.28% | 1.21x | 5.97x | Rs-440.94 Million |
| 2019 | 10.64% | 2.35% | 1.34x | 3.37x | Rs15.41 Million |
| 2020 | 13.41% | 2.37% | 1.39x | 4.08x | Rs77.26 Million |
| 2021 | 9.13% | 2.28% | 1.18x | 3.41x | Rs-25.15 Million |
| 2022 | 16.53% | 6.54% | 1.48x | 1.71x | Rs462.64 Million |
| 2023 | 19.52% | 7.78% | 1.66x | 1.51x | Rs843.41 Million |
| 2024 | 10.14% | 5.97% | 0.80x | 2.12x | Rs18.38 Million |
| 2025 | 7.62% | 4.32% | 1.04x | 1.70x | Rs-495.27 Million |
Industry Comparison
This section compares Gokaldas Exports Limited's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $3,100,639,842
- Average return on equity (ROE) among peers: 4.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gokaldas Exports Limited (GOKEX) | Rs21.56 Billion | 23.89% | 0.81x | $580.15 Million |
| Aditya Birla Fashion and Retail Limited (ABFRL) | $27.89 Billion | -3.90% | 3.45x | $872.55 Million |
| Arvind Fashions Limited (ARVINDFASN) | $11.47 Billion | 1.13% | 1.77x | $664.69 Million |
| Bang Overseas Limited (BANG) | $893.41 Million | 1.46% | 1.00x | $5.86 Million |
| Bhandari Hosiery Exports Limited (BHANDARI) | $871.23 Million | 7.47% | 1.49x | $9.11 Million |
| Cantabil Retail India Limited (CANTABIL) | $1.12 Billion | -22.80% | 0.55x | $218.07 Million |
| Dollar Industries Limited (DOLLAR) | $4.16 Billion | 17.71% | 0.94x | $179.96 Million |
| Future Lifestyle Fashions Limited (FLFL) | $-18.81 Billion | 0.00% | 0.00x | $179.24 |
| Iris Clothings Limited (IRISDOREME) | $321.65 Million | 12.25% | 1.54x | $68.90 Million |
| Nandani Creation Limited (JAIPURKURT) | $1.36 Million | 24.43% | 14.10x | $6.09 Million |
About Gokaldas Exports Limited
Gokaldas Exports Limited designs, manufactures, and sells a range of garments in India. The company offers fashion wear, outerwear, bottom wear, casualwear, and sportswear, such as jackets, pants, tops/shirts, and other products for men, women, and children. It serves international fashion brands and retailers. The company also exports its products to approximately 50 countries worldwide. Gokalda… Read more